July 12 (Reuters) - BNY posted a 10% rise in second-quarter net profit on Friday, as higher investment service fees more than offset the world's largest custodian bank's lower interest income. The bank's assets under management (AUM) climbed 7% to $2.05 trillion from a year earlier, as more investors aimed to gain from a rally in the U.S. markets, while...

FRANKFURT (Reuters) -German airline group Deutsche Lufthansa on Friday slashed its earnings guidance for the year and said it would have a far-reaching efficiency programme, citing low yields in Asia and problems in operations at home. Lufthansa now expects adjusted 2024 earnings before interest and taxes between 1.4 billion euros ($1.5 billion) and 1.8 billion, down from a previous target...

MOSCOW (Reuters) - The Kremlin said on Friday that it had noted some Western countries' statements at this week's NATO summit permitting Kyiv to use arms they had supplied to strike Russian territory in a move it called a dangerous escalation. Ukraine's top presidential aide Andriy Yermak on Thursday called for an end to restrictions imposed on the use of...

The U.S.-based subsidiary of Hong Kong’s WH Group Ltd. ( WHGRF ) , Smithfield Foods Inc., is reportedly gearing up for a U.S. initial public offering (IPO). The company has chosen Bank of America Corp. ( BAC ) and Goldman Sachs Group Inc. ( GS ) as advisers. What Happened: Smithfield Foods aims to raise a minimum of $1 billion...