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UBS Q2 results: Net profit at $1.1 billion after merger with Credit Suisse

Investors warmed to the takeover, by this summer pushing up the value of UBS's shares by more than two-thirds since it bought Credit Suisse in March 2023

India bond yields marginally lower as traders await US inflation data

India's retail inflation eased in July due to vegetable inflation falling and high base effect as annual retail inflation was 3.54 per cent in July, lowest since Aug 2019, down from 5 per cent in June

UAW accuses Trump, Musk of intimidating workers in labour complaints

UAW seized upon Trump's remarks as the union rallies behind Democratic presidential candidate and Vice President Kamala Harris and encourages its nearly 400,000 workers to vote for her over Trump

Canadian immigration min says reform required in temporary worker programme

Labour Minister Randy Boissonnault is considering "a refusal to process in the low wage stream if the abuse and misuse does not improve," said labour ministry spokesperson Mathis Denis

CCI orders unusual recall of reports on Apple antitrust investigation

Among those now asked for the return of the reports are Match and Indian startup group ADIF, which represents financial giant Paytm

Huawei Tech readies new AI chip to challenge Nvidia in China: Report

US regulators last year put in place rules that stopped Nvidia from selling its advanced chips, including the H100, to Chinese customers, citing national security concern

Russian forces strike back at Ukrainian troops with missiles in Kursk

Thousands of Ukrainian soldiers smashed through the Russian border a week ago in a surprise attack that Russian President Vladimir Putin said was aimed at improving Kyiv's negotiating position

US producer inflation slows in July amid signs of pricing power diminishing

The report from the Labor Department on Tuesday also showed favorable readings for most of the components that go into the calculation of the personal consumption expenditures

Manappuram Finance Q1 results: Net profit increases 12% to Rs 555 cr

The company's consolidated net profit attributable to owners rose about 12 per cent to Rs 555 crore ($66 million) for the three months ended June 30

Samsung Electronics' main SK union to strike over pay from Thursday

Lee Hyun-kuk, vice president of the National Samsung Electronics Union (NSEU), said in a live YouTube broadcast: "This strike is strategically designed to damage the company."

China bank lending tumbles more than expected on tepid credit demand

Chinese banks extended 260 billion yuan ($36.26 billion) in new yuan loans in July, down nearly 88% from the previous month and also missing analysts' forecasts

Trai directs service providers to stop spam calls, blacklist callers

Such unregistered callers will be blacklisted for up to two years, the statement said, adding that telecom service providers would need to submit updates on action taken on scam callers

Moody's, S&P doubt of Boeing hitting year-end production targets in 2024

Boeing slowed output so it could improve production quality, but the decline in output and deliveries has taken a toll on cash flow

Ease in perpetual bond valuation norms set to revive market, say investors

Banks had slowed issuing the notes as the 2021 valuation norm change hurt appetite. In January this year, they had sought a relaxation

UK pay growth slowest in nearly 2 years, surprise fall in unemployment

Average weekly earnings, excluding bonuses, were 5.4 per cent higher than a year earlier in the three months to the end of June, down from 5.8 per cent in the three months to May

Starbucks names Chipotle's Brian Niccol as CEO amid activist pressure

Niccol replaces Laxman Narasimhan, who was tapped in 2022 from Lysol maker Reckitt to undertake a "reinvention" of the world's biggest coffee chain

Reliance, Disney to offer concessions to win antitrust nod for merger

Antitrust experts have warned that the Reliance-Disney merger, announced in February, could face intense scrutiny as it will create India's biggest entertainment player

L&T Semiconductor to sign contracts with 6 automobile companies by Sept

The company will sign three Indian automobile companies within two weeks and three European companies in the sector by the end of September

Interest rate derivatives to get boost as top insurer LIC enters market

Forward rate agreements (FRA) are contracts between banks and insurance firms that allow the latter to lock in rates for a future date, protecting them from volatility

SBI aims to sell its YES Bank stake worth $2.2 billion by March-end

YES Bank was restructured by the RBI in March 2020 with the help of a consortium of local banks after its financial health deteriorated