Sony Raises Outlook on PlayStation Strength, Yen Weakness
Sony Group Corp. raised its forecast for the current fiscal year as its PlayStation and entertainment businesses sustained momentum in a sluggish global economy.
Bloomberg Business
Continental Cuts Sales Forecast as Tire Market Softens in Europe
Continental AG cut its sales outlook for the year on weakening markets for tires in Europe and North America.
Flutter’s US Unit FanDuel Turns Profit Ahead of New York Listing
Flutter Entertainment Plc turned a profit in its US business FanDuel in the first half of the year, ahead of a plan to publicly list shares in New York.
Travel Giant TUI Returns to Summer Profit as Demand Surges
TUI AG said it expected its summer 2023 travel season to be close to pre-pandemic levels after reporting earnings that beat estimates.
Typhoon Khanun Powers Toward Seoul as Toyota Halts Japan Plant
Authorities in South Korea warned Typhoon Khanun is on track to deliver an “extremely powerful” impact amid forecasts it will barrel up the country and toward Seoul, the capital that’s home to about half the country’s population.
European, US Futures Rise; Yuan Up After China CPI: Markets Wrap
European and US equity futures rose while equities in Asia were mostly subdued as investors digested data showing the world’s second largest economy had fallen into deflation.
Country Garden Default Would Be Worse Than Evergrande, BI Says
A debt crisis that rivals China Evergrande Group’s default may be brewing in the world’s second-largest economy.
Indonesia’s Rush to Finish China-Funded Rail Raises Safety Fears
Indonesia is again delaying the opening of a China-funded high-speed train, citing safety concerns.
Record China Data Revision May Make Export Picture Look Better
China’s customs authority made the biggest downgrade on record to a monthly export figure, a move that could paint a more flattering picture of trade data already plunging amid weak global demand.
Global Law Firm Retreats From China Ahead of Data Crackdown
Global law firm Dentons is splitting from its Chinese operations to comply with impending data regulations, one of the more significant withdrawals by a Western company as Beijing intensifies a campaign to curb leakages of valuable information.