Global MarketsJuly 24 at 03:49 AM

Volkswagen (VOW3 GY) CFO says product momentum should drive a sharp improvement in Audi's profits in H2; do not currently expect a major restructuring in H2

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Volkswagen expects Audi's H2 profits to rise sharply on new model momentum, despite cutting group revenue guidance due to severe headwinds in China and ongoing global trade uncertainties.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Geopolitics

Volkswagen (VOW3 GY) CFO says product momentum should drive a sharp improvement in Audi's profits in H2; do not currently expect a major restructuring in H2

What do investors think?

Today's market highlights

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Only 'one or two issues' remain unresolved in Iran-Oman talks, a senior diplomatic source tells Al Jazeera