Siemens Turns a Profit, Backs Revenue Growth Views
Siemens backed its fiscal-year guidance for revenue and EPS but lowered its outlook for digital industries, after it reported a 10% growth in revenue to €18.9 billion in the third quarter, just shy of views. #press
China Allows Group Tours to More Nations
China is easing restrictions on group travel further, which will likely give a boost to the global tourism industry. #press
https://www.wsj.com/articles/china-allows-group-tours-to-more-nations-f5edf9ef?utm_source=press.coop
India Central Bank Keeps Rate Unchanged as Inflation Slows
Reserve Bank of India Gov. Shaktikanta Das said the policy committee decided to remain focused on withdrawal of accommodation. #press
U.S. Investment Ban on China Poised to Deepen Divide
Biden’s order comes on top of a slowing Chinese economy, Covid lockdowns and rising tensions between the two powers. #press
How the Unjammable StarStreak Missile Can Help Ukraine
After going out of production in 2012, StarStreak missiles are being revived to help Ukraine’s air defense. WSJ examines how the British missile stands out among its peers and why its unique features allow it to see past Russian countermeasures. #press
U.S. Ally Promised to Send Aid to Sudan. It Sent Weapons Instead.
Arms shipments from the United Arab Emirates are fueling a war that has killed more than 3,900 people and run counter to Biden administration efforts to mediate an end to the conflict. #press
Coach owner Tapestry is in talks to buy Capri Holdings, parent of fashion brands Michael Kors, Jimmy Choo and Versace, in what would be one of the biggest tie-ups in the industry in recent years.
Coach owner Tapestry is in talks to buy Capri Holdings, parent of fashion brands Michael Kors, Jimmy Choo and Versace, in what would be one of the biggest tie-ups in... #press
Pepper...and Salt
Pepper...and Salt #press
https://www.wsj.com/articles/pepper-and-salt-8cf9c1c4?utm_source=press.coop
Disney Gets Iger's Second Show on the Road
The entertainment giant used an eventful quarterly report to announce a boost to some of its streaming prices. #press
With AI, Hackers Can Simply Talk Computers Into Misbehaving
Using a technique called ‘prompt injection, hackers can break AI systems without a deep knowledge of coding. #press
China's Economy Isn't Ailing---It's 'Evolving': IPO Lawyers Told to Watch Their Language
Authorities’ recent guidance has sown confusion over what Chinese companies should say. #press
Gold Rises; Rangebound Trade May Continue
Gold edged higher in Asian trade. Galaxy Futures said investors are likely to stay on the sidelines for now as the market awaits U.S. CPI data. #press
https://www.wsj.com/articles/gold-rises-rangebound-trade-may-continue-1386f7f8?utm_source=press.coop
Coach Owner Near Deal to Take Over Parent of Michael Kors, Versace
The deal would be one of the biggest fashion tie-ups in recent years. #press
Ecuador Presidential Candidate Assassinated
‘I’m not afraid,’ Fernando Villavicencio had said about threats he had received for calling out narcotraffickers and graft in a country buffeted by drug-related violence. #press
Corrections & Amplifications
Corrections & Amplifications for the edition of Aug. 10, 2023. #press
https://www.wsj.com/articles/corrections-amplifications-948ccb20?utm_source=press.coop
Philippines Economy Grew 4.3% in Second Quarter
The Philippine economy expanded in the second quarter from a year earlier, thanks to broad-based growth in various sectors. #press
Asian Currencies Consolidate Ahead of U.S. CPI Data
Asian currencies consolidated against USD in the morning session ahead of U.S. CPI data due out later. #press
Oil Futures Edge Lower in Likely Technical Correction
Oil futures edged lower in the morning Asian session in a likely technical correction after WTI crude-oil futures finished overnight at the highest closing level since November. #press
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A disruptive feud between two hedge fund partners could get worse. One of them is getting a divorce. #press
https://www.wsj.com/articles/more-amp-raquo-807e71ee?utm_source=press.coop
How to Keep Crowds From Ruining Your Cruise Vacation
These seven strategies will ensure that you find some elbow room and still enjoy your cruise vacation, even as sailings sell out. #press