By Mubasher Bukhari, Asif Shahzad, Ariba Shahid and Timour Azhari
ISLAMABAD/ RIYADH, July 17 (Reuters) - Pakistan has been negotiating an expanded defence pact with Kuwait in exchange for energy cooperation and investment, according to five sources with knowledge of the talks.
The talks remain at an early stage, all the sources said, and could still be complicated by heightened tensions between the United States and Iran, said one... (continue reading...)
Investing.com -- Citi named one well-known media firm its Top Pick in a note Friday, maintaining a $78 price target and arguing that the stock's recent decline is "overdone."
Fox is the stock in question, with the decline coming following its Roku acquisition.
Fox announced on June 15 that it had acquired Roku, with the transaction expected to close in the first half of 2027.
The deal terms include 60% cash at $96 per share and 40% stock at 0.969 FOXA shares per Roku... (continue reading...)
Investing.com -- Morgan Stanley says its latest survey of value-added resellers (VAR) shows one networking company pulling further ahead of its peers, pointing to accelerating spending intentions across both campus and data center customers.
Networking equipment maker Cisco Systems "continues to screen as the clear leader" in the bank’s second-quarter VAR survey, with average growth expectations for the company rising to 3.0% from 0.6% in the prior survey, analyst Meta... (continue reading...)
Investing.com -- JPMorgan upgraded shares of 3M and Emerson Electric to Overweight from Neutral ahead of upcoming quarterly earnings, citing improving growth prospects, supportive end-market trends and expectations for stronger earnings momentum into 2027.
For 3M, the brokerage raised its December 2026 price target to $180 from $178, saying the company is entering a phase where revenue growth should increasingly support earnings expansion. JPMorgan expects second-quarter... (continue reading...)
China Urges Carmakers To Curb Irrational Competition: MIIT - Bloomberg
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