UniCredit Profit Beats Estimates 

UniCredit posted profit and revenue well ahead of analysts' estimates for the second quarter, with loan loss provisions down from the high levels seen last year.

BNP Paribas Posts Higher Profit and After Booking Lower Provisions 

BNP Paribas said that second-quarter net profit and revenue rose as it booked lower provisions to cover credit losses, while it will distribute another dividend.

Swiss Re Swings to Profit 

Swiss Re said that it swung to profit in the first half and that it expects coronavirus-related losses to diminish in the coming quarters as vaccination campaigns progress globally.

China's Tech Crackdown Could Backfire Badly 

When a government comes to believe it can snap its fingers and create-or destroy-whole industries at will, things can easily go awry.

Robinhood's Stock Price Falls After IPO 

The company's stock closed down 8.4% in its trading debut after pricing its shares at the bottom of its targeted range.

Procter & Gamble CEO David Taylor to Step Aside 

He will be succeeded on Nov. 1 by his top deputy, Jon Moeller, who has been P&G's finance chief and was promoted to chief operating officer.

China Telecom Plans Shanghai Listing 

China Telecom Corp. is moving to sell billions of dollars worth of shares in Shanghai as the telecom carrier turns to its home market for funds.

National Australia Bank Plans On-Market Share Buyback 

National Australia Bank plans a A$2.5 billion on-market share buyback and to purchase shares on-market alongside its dividend reinvestment plan.

Origin Energy Flags $1.67 Billion in Noncash Charges 

Origin Energy Ltd. expects to log noncash charges totaling almost $1.67 billion after tax, tied in part to a weaker outlook for electricity prices.

MyPillow to Pull Ads From Fox News 

Mike Lindell, CEO of MyPillow, says Fox News refused to run an ad promoting an event linked to claims of widespread election fraud.


(END) Dow Jones Newswires

July 30, 2021 03:00 ET (07:00 GMT)

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