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Cincinnati Financial's quarterly profit falls on higher catastrophe losses

Cincinnati Financial's quarterly profit falls on higher catastrophe losses

July 27 (Reuters) - Property and casualty insurer Cincinnati Financial on Monday reported a fall in second-quarter profit on higher catastrophe losses, sending its shares down 5.1% in extended trading.
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Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

By Yantoultra Ngui and Roshan Thomas SINGAPORE, July 28 (Reuters) - Chinese optical parts maker Zhongji Innolight said on Tuesday it had priced its Hong Kong listing at HK$980 per H share, raising HK$53.41 billion ($6.81 billion) in Asia's second-largest listing this year.
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Corning falls 16% after forecasting weaker-than-expected Q3 sales

Corning falls 16% after forecasting weaker-than-expected Q3 sales

July 28 (Reuters) - Corning on Tuesday forecast third-quarter sales that fell slightly short of Wall Street expectations after reporting slower growth in its key fiber optics unit, sending its shares down more than 16% in premarket trading.
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PayPal presses on with turnaround in pivotal quarter as sale questions linger

PayPal presses on with turnaround in pivotal quarter as sale questions linger

July 28 (Reuters) - PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as "low-ball".
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Nucor beats quarterly results on strong pricing, demand

Nucor beats quarterly results on strong pricing, demand

July 27 (Reuters) - Nucor beat Wall Street estimates for second-quarter profit and revenue on Monday, helped by higher pricing and strong volumes in its steel mills segment.
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Meta, BlackRock partner on $14 billion El Paso data center venture

Meta, BlackRock partner on $14 billion El Paso data center venture

By Jaspreet Singh July 28 (Reuters) - Meta Platforms and the world's largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.
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Temenos Reports Q2-26 Results with Reconfirmed FY-26 Guidance Amidst Strong Pipeline

Temenos Reports Q2-26 Results with Reconfirmed FY-26 Guidance Amidst Strong Pipeline

Temenos Reports Q2-26 Results with Reconfirmed FY-26 Guidance Amidst Strong Pipeline
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Shein will struggle to justify $40-50 billion Hong Kong IPO valuation

Shein will struggle to justify $40-50 billion Hong Kong IPO valuation

By Yantoultra Ngui and Selena Li SINGAPORE/HONG KONG, July 27 (Reuters) - Investors are expected to scrutinise whether Shein can justify the $40 billion to $50 billion valuation it is seeking in a Hong Kong initial public offering after a prospectus filed on Sunday showed slowing growth and a sharp
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Hilton raises annual room revenue growth forecast on World Cup, travel demand

Hilton raises annual room revenue growth forecast on World Cup, travel demand

By Anshuman Tripathy July 28 (Reuters) - Hilton Worldwide Holdings raised its forecast for full-year room revenue growth on Tuesday, betting on growing travel demand, including a boost from the recent World Cup.
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GSK launches $2.5 billion savings drive to invest in drug pipeline

GSK launches $2.5 billion savings drive to invest in drug pipeline

July 28 (Reuters) - GSK launched a £1.9 billion ($2.52 billion) cost-savings drive on Tuesday to help fund the British drugmaker's expanded late-stage study roster, aiming to deliver on CEO Luke Miels' promise of faster drug development and boost investor trust.
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Meta, BlackRock partner on $14 billion El Paso data center

Meta, BlackRock partner on $14 billion El Paso data center

July 28 (Reuters) - Meta Platforms and the world's largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.
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American Express CEO Stephen Squeri Prioritizes Growth Over Immediate Profits Amid Revenue Forecast Increase

American Express CEO Stephen Squeri Prioritizes Growth Over Immediate Profits Amid Revenue Forecast Increase

American Express CEO Stephen Squeri Prioritizes Growth Over Immediate Profits Amid Revenue Forecast Increase