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BofA Q3 profit beats expectation on investment banking, trading strength

BofA's investment banking fees jumped 18 per cent to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months

Goldman Sachs profit beats estimates as bond sales boost investment banking

The Wall Street giant's gains echoed those at rival JPMorgan Chase and Citigroup, which also cashed in on debt and equity offerings as clients' economic confidence improved

Boeing files securities statement to raise up to $25 bn via stock sale

It was not clear when and how much Boeing will raise via the offering, but analysts and investors expect the company to raise money before the year end amid looming debt maturities

PVR Inox Q2FY25 results: Multiplex firm slips into red with Rs 11.8 cr loss

PVR Inox said it expects to add 110-120 screens in the year ending March 2025. So far this fiscal year, it has added 71 and closed 42 screens

Govt to sell up to 5% stake worth Rs 2,026 crore in Cochin Shipyard

The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed. At this price, the stake is valued at Rs 2,026 crore ($241.2 million)

Govt says no auction of satellite spectrum after Musk decries move

Telecoms Minister Jyotiraditya Scindia said during a New Delhi event that the spectrum will be allocated administratively in line with Indian laws, and its pricing worked out by the telecom watchdog

Hyundai India's record $3.3 bn IPO subscribed 18% on first day of bidding

Over 260 companies in India have raised more than $9 billion through IPOs so far this year, according to LSEG data. That's already higher than the $7.42 billion raised during the same period last year

Sebi raises overall position limits for trading members in F&O segment

The position limits will be applicable for index futures and index options separately as it is the current practice, Sebi said

After demand for 5G gear, Ericsson sees signs of demand recovery after Q3

Net sales declined by 4% to 61.8 billion Swedish crowns ($5.92 billion) but beat estimates of 61.6 billion. They were down 1 per cent on an underlying basis

BMW sales drop due to China's EV, CEO asks to cancel new fossil ban plan

Demand in China, the world's biggest auto market, is suffering from a flagging economy, while foreign carmakers face stiff competition from local manufacturers offering cheaper models, especially EVs

India needs over $170 bn to fund aviation expansion: S&P Global Ratings

India is one of the world's fastest-growing aviation markets and domestic passenger traffic is expected to double to 300 million by 2030

Italy to test Starlink satellites to enhance internet access, says official

We're assessing with Starlink and other players the possibility of complementing existing infrastructure with satellites for the most remote areas

UK pay grows slowest in two years as BoE considers when to cut rates again

BoE cut borrowing costs in August but kept them on hold at its September meeting, saying it wanted to see further signs that inflation pressures were abating

Russia holds 'substantive' talks with China to bolster defence ties

China and Russia declared a 'no limits' partnership in February 2022 when President Vladimir Putin visited Beijing less than three weeks before his forces launched a full-scale invasion of Ukraine

Boeing prepares layoff notices for thousands of workers as turmoil deepens

While Su has previously spoken with Boeing and the striking West Coast factory workers' union, it is her first time in Seattle meeting both sides in person

Economists delay India rate cuts to 2025 after Sept retail inflation spike

Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.66% a month prior

Rupee pinned near all-time low of 84.07 as regional currencies decline

The rupee is down by about 0.3 per cent this month, but has fared better than its regional peers

Key to Citi Group's regulatory woes: Staff need skills 'enhancement'

In one place, for example, the analysis cites "insufficient compliance risk management skills” among staff directly dealing with such issues. The sections of the analysis seen by Reuters did not add

Eleven's turnaround plan needs heavy lifting to stop Couche-Tard's takeover

In Japan, 7-Eleven stores have become a cultural touchstone, known for a ready supply of fresh food and everything from toothpaste to socks

IMF warns global public debt to exceed $100 trillion amid spending surge

The IMF's latest Fiscal Monitor report showed global public debt will reach 93 per cent of global gross domestic product by the end of 2024 and approach 100 per cent by 2030.