Merck EVP David Maraldo sells $2.4 million of common stock

Euro zone banks tightened lending standards in the second quarter as geopolitical uncertainty and economic risks prompted greater caution, according to the ECB’s latest Bank Lending Survey. While demand for business loans improved, lenders became more selective and expect credit conditions to tighten further in the coming months, reflecting persistent concerns over inflation, energy prices…

Britannia Industries said consumer demand strengthened in the June quarter, helping revenue rise 9.5% and profit nearly 14% year-on-year. However, rising sugar, palm oil and fuel costs are pressuring margins, prompting the company to consider further pricing measures.

South Korea’s Kospi index experienced a significant 8% drop, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to be net sellers of South…