Deutsche Bank's Profit Surges, but There Are Headwinds 
 

The Frankfurt-based bank reported a drop in revenue in the second quarter as booming client activity during the pandemic slowed down.

 
Barclays Profit Beats Views, Pre-Pandemic Levels 
 

Barclays reported a significant rise in pretax profit for the second quarter, surpassing market views and pre-pandemic levels, and said that it aims to launch another share buyback program after resuming dividends.

 
Rio Tinto's First-Half Net Profit, Dividends Sharply Higher 
 

Rio Tinto notched a $12.31 billion first-half net profit and more than tripled its midyear payout to shareholders, benefiting from a bull run in commodity prices that has stoked inflation expectations around the world.

 
Apple Profit Sets Record on Strong iPhone Sales 
 

Sales of iPhones rose 50% from the year-earlier quarter to $39.6 billion, driving a profit of $21.7 billion.

 
Credit Suisse Expected to Publish Details of Archegos Failures 
 

The report could come as soon as Thursday and is likely to focus on the bank's risk management unit, human errors in judgment and unheeded risk in concentrated positions.

 
BASF Swings to Profit 
 

BASF said that it swung to a net profit of EUR1.65 billion for the second quarter and confirmed sales figures and a raised outlook it provided during preliminary results.

 
Ride-Sharing Startup Swvl Nearing Deal to Go Public With Female-Led SPAC 
 

Dubai-based Swvl plans to merge with Queen's Gambit Growth Capital in a deal that values the company at roughly $1.5 billion.

 
Glencore Probe Yields Charges Against Another Former Trader 
 

A former Glencore trader pleaded guilty Monday to what prosecutors described as a conspiracy to pay millions of dollars in bribes to officials in Nigeria and elsewhere in exchange for favorable contracts with a state-owned oil company.

 
Spark Infrastructure Gets Higher Offer From KKR Consortium 
 

Spark Infrastructure Group said it would allow KKR & Co. Inc. and the Ontario Teachers' Pension Plan Board to conduct due diligence after they raised a takeover proposal to $3.81 billion.

 
Starbucks Sales Outpace Pre-Pandemic Levels 
 

The coffee giant's U.S. business rebounded to help quarterly sales outpace pre-pandemic levels, as the company lifted its profit outlook.

 
 

(END) Dow Jones Newswires

July 28, 2021 03:15 ET (07:15 GMT)

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