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Electrolux Q2 profit beats forecast but North America demand weakens

Electrolux Q2 profit beats forecast but North America demand weakens

STOCKHOLM, July 29 (Reuters) - Electrolux reported a surprise rise in core profits on Wednesday, but said market conditions weakened in North America, a key region for the home appliances maker as it tries to turn around its business and restructure operations.

Baker Hughes flags lower spending by oil and gas producers in 2026

Baker Hughes flags lower spending by oil and gas producers in 2026

By Vallari Srivastava and Sumit Saha July 27 (Reuters) - Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East.

Lamb Weston Reports FY2026 Sales Growth Amid International Challenges

Lamb Weston Reports FY2026 Sales Growth Amid International Challenges

Lamb Weston Reports FY2026 Sales Growth Amid International Challenges

SLB CEO sends clear message on oil services upcycle

SLB CEO sends clear message on oil services upcycle

Wall Street spent most of July bracing for a rough quarter for SLB N.V. (SLB), formerly known as Schlumberger Limited. Fighting in the Middle East had shut in wells, and oil prices were sliding amid U.S.-Iran peace talks. This caused six brokers to trim their price targets going into the ...

Oreo maker Mondelez beats second-quarter estimates on steady demand

Oreo maker Mondelez beats second-quarter estimates on steady demand

July 28 (Reuters) - Cadbury parent Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, helped by steady demand for its chocolates and biscuits.

Hilton raises annual room revenue growth forecast on strong luxury hotel demand

Hilton raises annual room revenue growth forecast on strong luxury hotel demand

July 28 (Reuters) - Hilton Worldwide Holdings raised its forecast for full-year room revenue growth on Tuesday as demand from its luxury properties remained robust.

Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

By Scott DiSavino July 28 (Reuters) - Oil prices dropped 5% on Tuesday to a two-week low, on cautious hopes for a resolution to the Iran war as traders assessed developments in the Middle East. Brent futures fell $4.61, or 5.2%, to $83.75 a barrel at 12:01 p.m. EDT (1601 GMT). U.S.

Stocks mixed, oil and Treasury yields drop on Iran-US pause

Stocks mixed, oil and Treasury yields drop on Iran-US pause

By Karen Brettell July 27 (Reuters) - Stocks were mixed on Monday while oil prices tumbled and Treasury yields dropped after the U.S. and Iran paused strikes over the weekend, halting two weeks of attacks.

Royal Caribbean raises annual profit forecast, flags modest booking hit from Middle East

Royal Caribbean raises annual profit forecast, flags modest booking hit from Middle East

By Sanskriti Shekhar July 28 (Reuters) - Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to the travel disruptions caused by the Middle East conflict.

Global stocks climb, oil slides after pause in Middle East fighting

Global stocks climb, oil slides after pause in Middle East fighting

By Wayne Cole and Sruthi Shankar July 27 (Reuters) - Global stock markets climbed on Monday as easing Middle East hostilities sent oil prices sharply lower and eased inflation worries ahead of a packed week of central bank meetings and earnings reports.

Shares, bonds bounce as oil skid offers inflation relief

Shares, bonds bounce as oil skid offers inflation relief

By Wayne Cole SYDNEY, July 27 (Reuters) - Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices sharply lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and corporate earnings.

Shares, bonds make guarded gains as oil slips

Shares, bonds make guarded gains as oil slips

By Wayne Cole SYDNEY, July 27 (Reuters) - Share markets gave a guarded response on Monday as a pause in fighting in the Gulf dragged oil prices lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and earnings reports.