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ExxonMobil and Chevron shatter profit records in second quarter

The US pair, along with UK-based Shell and France's TotalEnergies, combined to earn nearly $51 billion in the most recent quarter, almost double what the group brought in for the year-ago period

World Bank has no new financing plans for crisis-hit Sri Lanka: Report

The government hopes to secure an Extended Fund Facility.

Evergrande offers sweetener for debt revamp as China realty crisis worsens

With more than $300 bn in liabilities, Evergrande, once China's top-selling developer has been at the centre of the crisis and its debt restructuring plan is seen as a possible template for others

World's biggest bond markets back in vogue as recession fears mount

By Dhara Ranasinghe

Sri Lanka resumes bailout discussions with IMF, finance ministry says

Sri Lanka has resumed technical discussions with the International Monetary Fund on a potential bailout after a new government took office, the finance ministry said on Friday.

Dollar rallies from three-week lows as US data shows pick-up in inflation

By Gertrude Chavez-Dreyfuss and Saikat Chatterjee

Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon

Apple sees continued strength in demand for iPhone; Amazon expects higher revenue in third quarter; Intel cuts annual forecasts, shares slide; consumer spending beats expectations in June

Oil rally to stall as recession risks counter tight supplies, says poll

By Brijesh Patel

Judge orders Oct 17-21 trial over Twitter's lawsuit against Elon Musk

Musk must file any counterclaims by 5 pm ET on Friday, according to the order signed Thursday by Chancellor Kathaleen McCormick of the Delaware Court of Chancery

Indian private equity firm Lighthouse in talks to raise $400-mn fund

Lighthouse has raised more than $450 million over the years and has invested in Indian companies that include popular online beauty retailer Nykaa and ethnic apparel and home accessories brand Fabindi

US oil giants Exxon, Chevron post blowout earnings, ramp up buybacks

High prices, margins lift majors to best quarters in history; Exxon earnings surpass previous record set in 2012

World stocks eye best month since late 2020, traders bet on weak US economy

As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any softening in sentiment

Reliance, Ola Electric, Rajesh Exports agree to build batteries in India

The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours (Gwh) of battery storage capacity under a PLI programme

Yen shoots for best month in years as growth concerns bring US yields down

The Japanese yen headed toward its best month in almost three years as growth worries have driven US yields sharply lower and squeezed speculators out of crowded short yen positions

IT law takedown provision used to block Krafton BGMI game: Reports

India's government blocked access to Krafton's battle-royale game BGMI under the same provision of its IT law which it has invoked since 2020 to ban Chinese apps on grounds of national security

Rupee at highest in nearly 3 weeks, tracks broad US dollar losses

The Indian rupee strengthened to its highest in nearly three weeks on Friday, tracking broad losses in the dollar on easing concerns over the need for continued aggressive Fed rate hikes

Google blocks Krafton's battle-royale game in India, cites government ban

Alphabet Inc's Google blocked access on Thursday to a popular battle-royale format game from South Korean developer Krafton, citing an order from the Indian government

Asian stocks rally as markets focus on more gradual pace of rate hikes

Economists are debating whether the world's biggest economy (US) is already in or on the verge of a recession, as it battles its highest inflation in four decades and gross domestic product shrinks

Bajaj Finance jumps by 10%; most in two years as profit tops estimates

Shares of Bajaj Finance on Thursday surged 10 per cent, the most in more than two years, after its quarterly profit blew past estimates on strong customer additions and lower bad loan provisions

Oil prices rise on tight supply as attention turns to OPEC+ meeting

Oil prices gained about $1 in early trade on Friday, lifted by supply concerns and a weaker US dollar as attention turns to what OPEC and allies including Russia agree at a meeting next week