2 دن پہلے
Caledonia Mining Q2 net profit rises 16% to $23.8 million as gold prices climb
Caledonia Mining reported second-quarter net profit of $23.8 million, up 16% from a year earlier, helped by higher gold prices. The company said it realised an average gold price of $4,259 an ounce, up 34% year on year. Output at its Blanket mine fell to 17,360 ounces. Caledonia maintained its quarterly dividend at $0.14 per share and said due diligence is well advanced for an additional $300 million of project financing after it raised $150 million for the Bilboes project via a convertible bond.
2 دن پہلے
8-7
Korean retail investors pivot back to U.S. stocks after KOSPI slides 33% from June peak
South Korean retail investors are accelerating a shift into U.S. stocks after the KOSPI fell 33% from its June peak and the won strengthened, pushing July buying above the 2025 monthly average. The won rose 8% in July to a nine-month high, and SK Hynix’s $26.5 billion fundraising and partial repatriation also contributed to the move. Some inflows still went to Korea-linked ETFs, but the amounts were far smaller than the money headed into U.S. equities.
8-7
8-7
Hero MotoCorp shares rise after Q1 profit jumps nearly one-third despite 300-bp margin contraction
Hero MotoCorp reported first-quarter results showing profit up nearly one-third and core earnings higher by a fourth, even as core margin contracted 300 basis points on rising commodity costs. The company said cost-reduction measures helped offset the pressure. Analysts said the results indicate Hero is better positioned than previously feared to navigate raw-material inflation. Goldman Sachs noted the company’s flagship VIDA V2 Pro received approval for production-linked incentives on July 8, which could support higher volumes.
8-7
8-6
News Corp tops fourth-quarter revenue estimates on digital real estate, Dow Jones subscriptions
News Corp reported fourth-quarter earnings with revenue beating market expectations, driven by growth in its digital real estate business, book publishing and Dow Jones subscription operations. The company is accelerating a shift from traditional print media to a digital-first model. It has also signed AI content licensing agreements with multiple technology companies to tap opportunities tied to the development of artificial intelligence.
8-6