Investing.com -- Jenoptik AG reported weak second quarter results and now expects its 2025 performance to be at the lower end of its previously announced guidance range. The company posted Q2 sales of €255 million, a 10.5% year-over-year decline and 2% below consensus estimates of €260 million. The drop was primarily driven by weakness in the Semiconductor & Advanced Manufacturing busines ...
By Rae Wee and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, Southeast Asia’s largest lender by assets, is seeing growing interest from Chinese exporters to settle trades in renminbi (RMB), or yuan, particularly with counterparts in Latin America and the Middle East, a senior executive said. "Right now, you see the Chinese exporters, some are beginning to ask and say, I’m going to sell in RM ...
Investing.com -- The S&P 500 and Nasdaq notched a record close Tuesday after consumer prices rose by less than expected in July, increasing the probability of the Federal Reserve cutting interest rates next month. At 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average traded 483 points, or 1.1%, higher, the S&P 500 index added 1.1%, and the NASDAQ Composite rose 1.4%, notching ...
Investing.com - Headline U.S. consumer price growth in the U.S. was slower than anticipated on an annualized basis in July, possibly bolstering the case for the Federal Reserve to cut interest rates at its next policy gathering in September. The Bureau of Labor Statistics’ consumer price index, a closely-monitored gauge of inflation, rose by 2.7% in the twelve months to July. The pace match ...