Shares of Centene Corp. dropped sharply on Friday morning after the health insurer reported a surprise quarterly loss, driven by rising medical costs and a significantly higher-than-expected health benefits ratio. The results underscored the mounting challenges facing the health insurance industry, which has been grappling with elevated care utilization and…
Volkswagen AG has revised its full-year financial guidance downward after enduring a challenging first half of 2025, with US tariffs and restructuring efforts weighing heavily on its earnings. The German automotive giant reported Friday that €1.3 billion ($1.5 billion) in tariff-related costs and €700 million in restructuring charges at Audi,…
President Donald Trump on Friday said there is a “50-50 chance” the United States will reach a trade agreement with the European Union to reduce tariffs, even as EU diplomats have signalled greater optimism about striking a deal before the August 1 deadline.“I would say that we have a 50-50…
Brazil’s central bank is likely to keep its base Selic interest rate on hold at 15.% on July 30, keeping its tightest monetary stance in more than 20 years unchanged in the face of easing inflation expectations seen recently, as per a Reuters report.At least 35 analysts polled by Reuters…
US President Donald Trump struck an optimistic tone after a rare in-person visit to Federal Reserve headquarters in Washington on Thursday, suggesting the central bank may be edging closer to lowering interest rates. The visit, which included a tour of the Fed’s costly renovation project, something Trump didn’t hesitate to…
With less than a week remaining before the United States decides whether to impose fresh tariffs, India has kept noticeably quiet.Despite months of talks, no trade deal has been announced, and officials in New Delhi have offered no public updates.The silence isn’t accidental. For India, holding back may be a…
Shares of Centene Corp. dropped sharply on Friday morning after the health insurer reported a surprise quarterly loss, driven by rising medical costs and a significantly higher-than-expected health benefits ratio. The results underscored the mounting challenges facing the health insurance industry, which has been grappling with elevated care utilization and…
Global remittances are expected to exceed $800 billion this year, driven by rapid innovation in cross-border payment infrastructure, particularly in emerging economies. Ollie Walsh, President of Qenta and former Co-Founder of Pipit Global, a cash-to-digital platform that created one of the world’s largest payment networks, is at the heart of…
Spanish telecom giant Telefonica is in advanced talks to sell its business in Mexico to Beyond ONE, the Dubai-based owner of Virgin Mobile Mexico, three sources familiar with the matter said to Reuters. The possible transaction comes as Telefonica continues an approach to exit lower-margin Latin American markets and target…
GO Residential Real Estate Investment Trust (REIT) shares declined as much as 3.3% in early trading Friday following its $410 million initial public offering, the first corporate IPO on the Toronto Stock Exchange (TSX) in 2025. Despite the early dip, the offering marks a notable reopening of Canada’s IPO market,…