HSBC's Profit Rises as Pandemic Provisions Recede

The global lender earned $3.4 billion in the quarter ended June, much higher than the $192 million it reported for the same period last year, after it reduced provisions for bad loans caused by the economic fallout from the coronavirus pandemic.

 
Square Agrees to Acquire Afterpay for $29 Billion

The Australian installment-payment company, which positions its service as a cheaper and more responsible alternative to a credit card, will be integrated into Square's Seller and Cash App business units.

 
Succession Drama Grips Scholastic: CEO's Sudden Death, an Office Romance and a Surprise Will

Richard Robinson stunned his family by bequeathing his controlling stake in the "Harry Potter" publisher to senior executive Iole Lucchese.

 
AXA Net Profit Rises on Better Property and Casualty Claims

AXA said that net profit and revenue increased in the first half thanks to growth in all business lines, particularly improved property and casualty claims and a strong underwriting result at AXA XL, the company's property and casualty and specialty risk division.

 
Heineken Swings to Profit; Backs 2021 View

Heineken reported a swing to net profit for the first half and backed its full-year expectations, but said the rise in commodity costs are expected to start affecting the business in the second half of the year.

 
Chile Workers at World's Biggest Copper Mine Vote to Strike

The move potentially risks supply disruptions of a key metal as the world's economy continues to recover from the impact of the coronavirus pandemic.

 
Samsung Takes Intel's Chip-Seller Crown, but Bigger Battle Looms

Intel, knocked off its perch as the biggest-revenue chip maker by Samsung, is looking to take on its South Korean rival in one of the business world's costliest endeavors: contract manufacturing of the most-advanced chips.

 
Oil Search Intends to Recommend New Santos Takeover Proposal

Oil Search Ltd. said it intends to recommend a new takeover proposal from Santos Ltd. to create an energy company with a market value of more than $16 billion.

 
Keppel Makes $1.6 Billion Offer for Singapore Press Holdings

Keppel Corp. has offered to acquire Singapore Press Holdings Ltd. for $1.62 billion, a move by the conglomerate to build its property portfolio.

 
'Jungle Cruise' Debut Is Latest Example of Covid-19, Co-Release Challenges

After several weeks of encouraging premieres, Hollywood's return to the box office has struggled with middling performances topping the charts.

(END) Dow Jones Newswires

August 02, 2021 03:15 ET (07:15 GMT)

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