BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for 5.1 billion euros ($5.52 billion), in a deal that would create a European asset-management giant.

CEO Glenn Chamandy is focusing on ways to both optimize production by using underused capacity in places such as Latin America and improve product quality of the basic apparel that Gildan is known for.

ArcelorMittal reported a 38% fall in second-quarter earnings on lower steel prices and shipments but said it expected demand to improve in the second half of 2024.

Societe Generale shares slumped as the French bank’s weakness in its domestic retail business overshadowed better equities market dynamics that helped its second-quarter earnings top expectations.

Shell said its second-quarter earnings came in ahead of expectations, and that it would buy back $3.5 billion of shares this quarter.

The airline canceled thousands of flights over several days in July.