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Biden administration plans new US rule on foreign chip exports to China

The rule, an expansion of what is known as the Foreign Direct Product rule, would bar about half a dozen Chinese fabs at the center of China's most sophisticated chipmaking efforts

Toyota to post jump in profit over hybrid demand, momentum may be slowing

Toyota's global sales declined 2% in April-June versus a year earlier as robust U.S. and European demand wasn't enough to make up for declines at home and in China

HSBC shares rise on $3 bn buyback; flat first-half profit beats estimates

Europe's largest bank forecast its return on average tangible equity - a performance target - to be in the mid-teens in 2025, matching its estimate for 2024

RBI to keep popular govt bond tenors free of foreign investment curbs

The decision on exclusions from the FAR category is not based on any consideration of volatility

India's July diesel, ATF exports to S'pore, Australia to hit 2.5-yr high

Jump in middle distillates exports from swing supplier India to the Asia Pacific will likely cap prices and refiners' margins in the region

Lufthansa forecasts lower earnings in Q3 as yields slump, costs rise

Lufthansa shares are down around 25 per cent over the last six months as it continues to struggle to recover its balance sheet

Venezuelans protest as observers say presidential vote undemocratic

The protests, which the government denounced as an attempted coup, began on Monday after the South American country's electoral authority declared that Maduro had won a third term

Samsung flags strong AI demand as Q2 profit soars on higher chip prices

Rebounding semiconductor prices stoked by the AI boom lifted June quarter earnings for the world's biggest maker of memory chips, smartphones and TVs from a low base a year ago

Microsoft's slow cloud growth signals AI payoff likely to take longer

Big technology companies have been pouring billions of dollars into data centers to capitalise on the generative AI boom

Biden, Lula press Venezuela to publish election tallies to end crisis

In Venezuela, protesters took to streets, waving flags and demanding President Nicolas Maduro acknowledge he lost Sunday's election to an opposition that claimed it clinched a landslide victory

Starbucks' efficiency gains bolster profit even as China, US drag sales

Starbucks this year rolled out its Siren System plan, which included updating its equipment to increase the pace of service at its stores, as the company turns to discounts and promotions

US election: Harris gains ground over Trump in 6 swing states, shows poll

The poll - conducted online from July 24-28 - shows Harris leading Trump in Michigan by 11 percentage points, while in Arizona, Wisconsin and Nevada, she has a 2-point advantage

RBI to hold interest rates steady in August, first cut expected in Q4: Poll

A sharp spike in food prices drove inflation in Asia's third-largest economy to a five-month high of 5.08 per cent in June

Airbus faces criminal probe in Britain over potential export control breach

The investigation emerged in footnotes to the company's half-yearly earnings, which said Airbus was fully cooperating with the probe by Britain's Revenue and Customs agency (HMRC)

US election: Kamala Harris holds onto 1 point lead over Trump, shows poll

Harris consolidated her position as the Democratic candidate over the last 10 days, after Biden, 81, bowed to growing pressure within his party and dropped out of the race

China's factory activity shrinks in July, service sector grow more slowly

The official purchasing managers' index (PMI) fell to 49.4 in July from 49.5 in June

US election: Harris to hold Philadelphia rally with VP pick on Tuesday

After Philadelphia, Harris and her vice presidential pick will travel to six other locations including western Wisconsin, Detroit and Las Vegas, the campaign said in a statement late Tuesday night

Asian stocks steady, yen firm ahead of Bank of Japan's policy decision

Focus will be on whether the BOJ will raise rates, with several Japanese media reporting that the bank would consider raising rates

Bank of Maharashtra likely to issue maiden infra bonds to raise Rs 3,000 cr

Earlier this month, the bank had raised Rs 1,000 cr via Basel III compliant tier II bonds maturing in 10 years at a coupon of 7.89 per cent

Airbus quarterly profit falls to half on industrial costs, space charge

Airbus is working on a review of space activities as it discusses potential alliances with France's Thales and Italy's Leonardo, and meanwhile plans to announce a new turnaround plan