Ford's $19.5 billion writedown tied to a reset of its electric-vehicle business highlights the mounting challenges for legacy automakers as they navigate waning demand and a changed regulatory backdro... ...

Oil major Shell has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico, aiming to boost oil recovery and extend the life of its Ursa platform. ...

Italy's Leonardo has denied liability for the 2018 helicopter crash which killed Thai businessman Vichai Srivaddhanaprabha, saying in its defence to a lawsuit that its AW169 model is safe. ...

Core Viewpoint - Shell is actively pursuing the sale of its stake in the PCK Schwedt oil refinery in Germany, influenced by the complexities arising from Western sanctions on Russia [1] Group 1 - Shell has restarted efforts to divest its interest in the PCK Schwedt oil refinery [1] - The decision to sell is driven by the refinery's entanglement in sanctions related to Russia [1]

Kraft Heinz on Tuesday named industry veteran Steve Cahillane as its new CEO, ahead of the packaged goods giant's split into two independent public entities. ...

Pfizer on Tuesday forecast 2026 profit below Wall Street estimates as it expects lower sales of its COVID products, sending its shares down 1.6% in premarket trading. ...

Core Points - Germany's financial market regulator BaFin has mandated the German unit of Standard Chartered to address organizational deficiencies and increase capital reserves following an audit conducted earlier this year [1] Group 1 - BaFin's order comes as a result of an audit that revealed issues within the organizational structure of Standard Chartered's German unit [1] - The directive emphasizes the need for improved governance and risk management practices within the company [1] - The requirement for additional capital indicates potential concerns regarding the financial stability and operational effectiveness of the German unit [1]

What matters in U.S. and global markets today ...

Core Viewpoint - Round-the-clock trading is nearing implementation in U.S. stock markets, but there is a lack of consensus among Wall Street participants regarding this shift [1] Group 1 - The introduction of 24/7 trading could enhance market accessibility and liquidity for investors [1] - Some market participants express concerns about the potential impact on market volatility and the overall trading environment [1] - The move towards continuous trading reflects a broader trend in the financial industry towards increased flexibility and responsiveness to global market demands [1]

Core Viewpoint - London's FTSE 100 index experienced a decline, primarily driven by losses in the energy and defense sectors, as investors evaluated new jobs data that bolstered expectations for an interest rate cut by the Bank of England later in the week [1] Group 1: Market Performance - The FTSE 100 index slipped on Tuesday, indicating a negative market trend [1] - Losses were particularly noted in the energy and defense stocks, which contributed to the overall decline of the index [1] Group 2: Economic Indicators - Fresh jobs data was released, which played a significant role in shaping investor sentiment [1] - The jobs data reinforced expectations for an interest rate cut by the Bank of England, suggesting a potential shift in monetary policy [1]