Real-time News

General Motors (GM.N) expects full-year net income to be between $8.4 billion and $9.8 billion.

July 21 - Xinyi Solar (00968.HK) announced that the company will hold a board meeting on Friday, July 31, 2026 to approve the publication of the Group's interim results for the six months ended June 30, 2026, and to consider the proposed interim dividend (if any).

General Motors (GM.N) reported revenue of $48.03 billion in Q2 2026, compared to market expectations of $47.011 billion and $47.122 billion in the same period last year.

According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 1.8 million Class B shares on July 21 for HK$50 million.

The UAE strongly condemned Iran's renewed aggressive strikes against Bahrain, Kuwait, and Jordan.

On July 21st, ByteDance's XR (Extended Reality) business, PICO, recently completed a change in its head: due to personal planning reasons, founder Zhou Hongwei will no longer serve as the head of PICO, and Li Xiaokai will take over as head, fully responsible for PICO's business. It is understood that this management handover will not affect PICO's established strategic direction, R&D work, or product plans. This year, PICO will launch a brand-new Mixed Reality (MR) product as planned. As the founder of PICO, Zhou Hongwei has made significant contributions to PICO's growth over the past 11 years. PICO has internally issued a notice confirming Zhou Hongwei's departure from the company and expressing gratitude for his long-term dedication and contributions.

In a report, Magdalene Teo, Asia fixed income analyst at Julius Baer, noted that with renewed escalation of tensions between the US and Iran, most Asian central banks are likely to maintain their current interest rates and remain hawkish. The report stated that economic growth in Asia is expected to slow this year due to supply chain disruptions and the ongoing impact of global energy price shocks, with both consumers and traditional industries facing pressure. Teo anticipates that the central banks of Japan, South Korea, Indonesia, and the Philippines will maintain a hawkish stance. She added, "However, if US economic data continues to weaken, a weaker dollar could provide some room for Asian central banks to support economic growth."

Sanjay Raja of Deutsche Bank stated that the latest UK employment data shows the labor market remains fragile, but initial signs of stabilization have emerged. The data shows the UK unemployment rate remains relatively high at 4.9%, and wage earners have declined again. However, job vacancy data has improved, with the number of job advertisements increasing for the first time since December last year; in the three months to May, layoffs fell to 108,000, the lowest level since July last year. Raja said that the Bank of England's survey suggests the job market may be turning around, with employers now planning to maintain largely stable staff sizes. Slower wage growth will also be reassuring for the Bank of England as it pushes inflation back to its target level.

Kremlin: Russia will continue to crack down on ships involved in supplying the Ukrainian military.

Uganda Aviation will purchase four 737-8 aircraft and four 787-9 aircraft from Boeing (BA.N).

According to the Wall Street Journal, BAE Systems stated that a Ukrainian company will be responsible for manufacturing artillery weapons. If Ukraine is capable of manufacturing such large foreign products, Patriot missiles could be the next target.

German Defense Minister Pistorius: We firmly support potential cooperation between the defense and automotive industries.

According to Hong Kong Stock Exchange filings, BlackRock increased its long position in ASM Pacific (00522.HK) from 4.85% to 5.35% on July 15.

German Defense Minister Pistorius: We want to ensure Germany's influence over KNDS in any form.

Market news: The Jordanian military said it intercepted three missiles from Iran, causing no damage or casualties.

According to Hong Kong Stock Exchange filings, Morgan Stanley's long position in Bilibili (09626.HK) increased from 6.08% to 6.47% on July 15, 2026.

On July 21, ST Longyuan announced that its holding subsidiary, Ningbo Longyuan Shenghong Ecological Construction Engineering Co., Ltd. (hereinafter referred to as "Longyuan Shenghong"), recently received a "Letter of Award" issued by Ningbo Haichuang Automobile Technology Co., Ltd. Longyuan Shenghong is the winning bidder for the third section (construction) of the Yangtze River Delta Automobile Science and Technology Innovation Base (Phase I), with a winning bid price of 556 million yuan.

July 21st - In the first half of 2026, market regulators organized special campaigns, including intellectual property enforcement, to further strengthen governance in key areas, key commodities, and key markets. These campaigns actively leveraged the deterrent power of administrative enforcement to effectively protect the legitimate rights and interests of rights holders and consumers, maintain a fair and competitive market order, and create a favorable business environment. A total of 317,000 cases were investigated and handled across these campaigns, including over 14,000 cases of trademark infringement and patent counterfeiting. Approximately 28,000 enforcement actions were conducted targeting key physical markets where infringement and counterfeiting are rampant.

German think tank ZEW: However, the development of the Iranian conflict and oil price-related uncertainties remain key factors affecting the recovery prospects.

German think tank ZEW: Especially in export-oriented industries and with continued growth in domestic demand.