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Yahoo
8 hours ago
- Business
- Yahoo
Boeing reports second-quarter revenue that tops estimates, sending shares higher
- Boeing (NYSE:BA) has posted group-wide revenue that topped estimates, as the embattled jetmaker said it was boosted by improved operational performance and commercial delivery volume. Shares of Boeing rose by more than 2% in premarket U.S. trading following the announcement. Sales from the company's key commercial airplanes division came in at $10.87 billion, topping Bloomberg consensus estimates of $10.4 billion, while its defense unit's revenue was also above expectations. "Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers,' said CEO Kelly Ortberg in a statement. Ortberg was brought on at the helm of Boeing in 2024 to help the airplane manufacturer salvage its reputation after a mid-air panel blowout on one of its passenger jets sparked fresh questions about its safety record. Meanwhile, Boeing has been at center of global trade disputes, although Ortberg has previously said the firm has been working to avoid the worst of a recent rise in U.S. tariffs. Crucially, the U.S. and China have reached a trade truce, while a preliminary deal between Washington and the European Union exempts aircraft from tariffs. "As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment," Ortberg said. Boeing reported a core loss per share of $1.24 in the second quarter, which was not as deep as analysts had originally feared. Related articles Boeing reports second-quarter revenue that tops estimates, sending shares higher Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Surge of 50% since our AI selection, this chip giant still has great potential
News18
2 days ago
- News18
Indian Rupee vs Thai Baht: How Much Is Rs 100 Worth In Thailand?
1/6 With cheaper flights, easy online planning, and a growing wanderlust, more Indians than ever are setting their sights on international travel and Thailand tops the list. Its scenic beaches, serene Buddhist temples, cleanliness, and vibrant lifestyle continue to attract Indian tourists in large numbers. (News18 Tamil) 2/6 To travel abroad, one of the most important things is to check the currency and how much Indian rupees are worth in that currency. The official currency of Thailand is the Thai Baht (THB), which holds slightly more value than the Indian Rupee (INR). The exchange rate is not fixed and changes daily depending on global market conditions, the US dollar's performance, and overall international economic trends. (News18 Tamil) 3/6 As of July 25, 2025, 1 Indian Rupee is equal to approximately 0.43 Thai Baht. This means that Rs 100 will fetch around 43 Baht. Looking at this rate, it's evident that the Indian Rupee is relatively weaker than the Thai Baht. This is something to keep in mind while planning your travel budget, as it helps estimate overall expenses more accurately. (News18 Tamil) Currency exchange rates may vary depending on where you get your money converted. For instance, airports generally offer less favourable rates and charge additional service fees. For better value, it's advisable to exchange money at local centres in cities. You can always check the latest rates online using platforms like or Google Currency Converter. (News18 Tamil) 5/6 Always carry some cash, especially small notes of 20, 50, and 100 Baht, which are useful for street food, tuk-tuks, and local transport. While debit and credit cards are accepted at malls and high-end places, many local vendors prefer cash. Also, note that Indian apps like Paytm and PhonePe don't work in Thailand, so having sufficient Thai Baht on hand is essential. (News18 Tamil) 6/6 Thailand's affordable cost of living is one of the biggest draws for Indian travellers. From budget hotels and delicious food to convenient transport, everything fits comfortably within a traveller's budget. That's why lakhs of Indians visit Thailand each year. If you're planning a trip soon, make sure to check the latest currency rates and plan your finances well in advance for a smooth, cost-effective, and enjoyable holiday. (News18 Tamil)
Libya Review
3 days ago
- Business
- Libya Review
Spain's Repsol Plans New Drilling Projects in Libya
On Saturday, the Spanish oil company Repsol's CEO Josu Jon Imaz Fernández confirmed that improved security and political conditions in Libya have allowed the Spanish energy company to increase production and resume key operations across its Libyan portfolio. In comments to Fernández said that the country is 'improving socially, politically, and in terms of security,' enabling Repsol to accelerate its work on the ground. In the second quarter of 2025, Repsol's projects in Libya produced a total of 307,000 barrels of oil per day, with the company's net share reaching 43,000 barrels per day. That growth, he said, was the result of stronger field performance and the activation of new wells throughout 2024. Repsol restarted 12 wells in the first half of 2025 and expects more to come online in the months ahead. This activity is projected to boost total production by another 12,000 barrels per day, with Repsol's share estimated at 1,500 to 2,000 barrels daily. The company is also moving forward with plans to bring in a second drilling platform to meet its remaining exploration commitments, including early development efforts in the Waha region. The company's overall global production reached 557,000 barrels per day in Q2, a 3% increase from the first quarter. Libya was highlighted as a key contributor to that growth, alongside assets in the UK, Trinidad and Tobago, and Eagle Ford in the US. Repsol also reported solid financial performance for Q2 2025, posting €272 million in net income, up 8% from the previous quarter. Operating cash flow surged to €1.7 billion, a 50% increase, while net debt was reduced by 2% to €5.7 billion. Looking ahead, Repsol maintains an optimistic outlook for 2025, projecting €6 billion in operating cash flow and targeting 590,000 barrels of daily production by 2026. The company plans €3.5 billion in net capital expenditures and a €700 million share buyback as part of its strategic growth plan. Tags: gaslibyaoilRepsolSpain
Yahoo
4 days ago
- Business
- Yahoo
Eric Trump tweets support for Ethereum amid price rally
-- Eric Trump, son of US President Donald Trump, expressed support for Ethereum (ETH) on social media platform X, responding to a post suggesting the cryptocurrency should be trading above $8,000 based on global liquidity and M2 supply growth. "Agreed! $ETH," Eric Trump tweeted in response to the price prediction. This follows his earlier activity on Monday when Ethereum surpassed $3,800 during its month-long rally. At that time, Trump addressed previous critics of his cryptocurrency investments, writing "How am I doing now @TedPillows?" - a response to Ted Pillows, a partner at crypto exchange OKX who had mocked Trump in April after Ethereum's price declined in February and March. Trump also defended cryptocurrency market fluctuations in his Monday posts, telling another user who had criticized him over Ether's earlier market dip: "Up 35% in 5 months, Pal. Embrace volatility." Ethereum was trading at $3,725 at the time of reporting. Related articles Eric Trump tweets support for Ethereum amid price rally After soaring 149%, this stock is back in our AI's favor - & already +25% in July Surge of 50% since our AI selection, this chip giant still has great potential Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
Kia reports record quarterly revenue despite profit decline
-- Kia Corporation on Friday announced record quarterly revenue of KRW 29.35 trillion in the second quarter of 2025, representing a 6.5% increase YoY, despite a 24.1% drop in operating profit to KRW 2.77 trillion. The South Korean automaker achieved its highest-ever quarterly global sales of 814,888 vehicles, up 2.5% YoY, driven by strong hybrid model demand and new vehicle launches. The company maintained a 9.4% operating profit margin, which it claims is the highest among major global automakers, though profits were pressured by higher incentives and global trade challenges. "Robust sales of hybrid models in global markets, higher average selling price, and favorable exchange rates helped support our record revenue results," said a Kia executive. Net profit including non-controlling interest fell 23.3% YoY to KRW 2.27 trillion. Electrified vehicle sales grew 14% to 185,000 units, now representing 23.4% of Kia's global sales compared to 21.4% a year earlier. Hybrid models led this growth with a 23.9% increase to 111,000 units, while battery-electric vehicle sales rose 8.3% to 59,000 units. Regional performance varied, with strong results in North America from the Carnival (NYSE:CCL) Hybrid MPV and K4 sedan. The new EV4 electric sedan and Tasman pickup boosted Korean sales, while the Syros SUV launch drove growth in India. European sales declined slightly due to industry-wide demand weakness. Looking ahead, Kia plans to maintain sales momentum by expanding its hybrid lineup and completing its full electric vehicle range by 2026, including the upcoming EV4, EV5, and EV2 models. The company will also enter new segments with vehicles like hybrid versions of the Telluride and Seltos SUVs. Related articles Kia reports record quarterly revenue despite profit decline Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Apollo economist warns: AI bubble now bigger than 1990s tech mania
