China's Didi Global swings to profit in second quarter

China's largest ride-hailing company, Didi Global , swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million yuan loss a year earlier as it continues to build back its business badly hit by a regulatory crackdown.

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China's Didi Global swings to profit in second quarter  China's largest ride-hailing company, Didi Global , swung to a net profit of 1.4 billion yuan ($196.24 million) for the second quarter from a 300 million yuan loss a year earlier as it continues to build back its business badly hit by a regulatory crackdown.

TJ Maxx parent beats Q2 results, raises annual profit forecast on strong demand  Off-price retailer TJX Cos raised annual profit forecast after beating quarterly results on Wednesday, banking on gains from easing costs and steady demand for its low-price apparel and accessories.

Swiss launch instant payments to catch up with Europe  Swiss companies and consumers are now able to make instant electronic payments, catching up with other European financial centres where the ultra-fast transfers are increasingly popular.

Futures edge higher with payrolls revisions, Fed minutes on tap  U.S. stock index futures inched up on Wednesday, as investors awaited the release of the updated U.S. payrolls data and the minutes from the Federal Reserve's July policy meeting.

Airlines suspend Israel flights  International airlines suspended hundreds of flights to and from Tel Aviv, as well as some to Lebanon and Jordan, at the outset of the Israel-Hamas war that began on Oct. 7.

As Democrats gather, investors gauge market impact from a Harris administration  Investors are grappling with the market implications of a possible Kamala Harris presidential administration, which could pressure corporate profits through higher taxes while weighing on consumer staples and boosting solar energy.

H&M to close digital outlet Afound  H&M will close down digital fashion outlet Afound later this year due to weak demand, the Swedish group said in a statement on Wednesday.

Macy's tempers annual revenue view on weak demand for pricier goods  Macy's lowered its annual net sales forecast on Wednesday as inflation-weary customers hold back from spending on upscale apparel and accessories, sending shares of the department store operator down 10% premarket.

Tether to launch stablecoin pegged to UAE's dirham  Cryptocurrency company Tether said on Wednesday it plans to provide a new stablecoin pegged to the United Arab Emirates (UAE) dirham as it taps demand for the Gulf currency and seeks to offer alternatives to the U.S. dollar.

Morning Bid: Relentless rally pauses for breath  A look at the day ahead in U.S. and global markets by Samuel Indyk

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