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PCBL posts 4.9% fall in second-quarter profit on rise in total expenses

Indian carbon black maker PCBL Ltd reported a 4.9% fall in second-quarter profit on Wednesday, as higher costs offset robust sales of the tire strengthening material

Dollar slides on expectations of less hawkish Fed; euro at 1-month high

The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow rate hikes

World stocks at 5-week high on slow rate-hike hopes, earnings in spotlight

World stocks scaled a five-week high on Wednesday, lifted by growing hopes that the pace of U.S. interest rate hikes could soon start to slow

LG Display's posts larger than expected loss in Q3 on falling demand

LG Display Co Ltd posted on Wednesday its second consecutive quarterly loss, as soaring inflation and a gloomy economic outlook dealt a further blow to lacklustre demand for TVs and smartphones

StanChart posts 40% jump in quarterly profit, raises income outlook

Standard Chartered posted a 40% increase in quarterly profit, as the emerging markets-focused bank benefited from a sharp rise in income on higher interest rates

Gold prices subdued as dollar ticks higher; investors eye Fed outlook

Gold prices were flat on a firmer dollar, although the bullion was anchored in a narrow range with investors awaiting further guidance on US Federal Reserve's policy tightening

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the analysis

Global economy approaching a recession, central banks unchained: Poll

The global economy is approaching a recession as economists cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation

Flipkart to raise up to $3 bn to expand product range in India: Report

Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India

Bank of England likely to go for a bigger than 75-bp rate hike: Report

Rising borrowing costs are part of a cost of living crisis hammering consumer spending as Sunak becomes Britain's third PM in less than two months

World is in its 'first truly global energy crisis': IEA chief Fatih Birol

The head of the International Energy Agency said its members have oil reserves available to conduct another round of releases if needed

Oil prices rises on weaker dollar and supply concerns; trade choppy

Benchmark Brent crude futures rose by 44 cents to $93.70 a barrel by 11:03 a.m. EDT, while U.S. West Texas Intermediate crude futures rose by 77 cents to $85.35

Sterling rises as Rishi Sunak becomes UK PM while US dollar slumps

The potential for volatility is elevated in the foreign exchange market this week, with central banks in the euro zone and Canada expected to hike rates by 75 basis points

Nasdaq leads Wall Street higher as investors brace for megacap earnings

Shares of Microsoft and Google-owner Alphabet were up 0.6% and 1.2% respectively, while Apple and Amazon.com also rose ahead of reporting quarterly earnings this week

Tata Steel's Dutch arm signs MOU to supply Ford with green steel after 2030

Tata Steel's Dutch arm plans to supply Ford plants in Europe with "green" steel after 2030, under a preliminary agreement reached by the two companies on Tuesday

General Motors posts higher profit, reaffirms outlook; margin slips

GM's net margin slipped to 7.9%, from 9.0% a year earlier

European stocks up as investors see signs Fed could slow rate rises

The MSCI world equity index, which tracks shares in 47 countries, was up 0.1% on the day and MSCI's main European Index hit a five-week high, up 0.8% on the day

Sterling rises as Sunak prepares to become PM, euro awaits ECB hike

Sunak will become Britain's next prime minister, Downing Street said on Monday. Sunak was due to meet King Charles on Tuesday morning before speaking outside No. 10 Downing Street

Gold prices listless as traders navigate steady dollar, Fed reserve cues

Gold competes with the dollar a safe store of value and gains in the currency also make bullion unattractive for overseas buyers

Govt, corporate bond yield spread to widen on rising supply: Analysts

The spread between Indian government bond yields and their corporate counterparts is expected to widen in the second half of this year