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TSMC set to report a strong profit but Trump's comments pummel its stock

While TSMC's stock - and the broader Taiwan market - has reached record highs, it began slumping after Trump's comment that "Taiwan took 100% of our chip business"

New car sales in EU increase by 4.3% in June, says industry body Acea

Top European carmakers are betting on car sales to pick up over the year, despite cooling electric vehicle (EV) demand after several years of strong growth

Govt bond yields flat before debt sale; budget remains a key driver

The benchmark 10-year yield was at 6.9649 per cent as of 10:00 a.m. IST after closing at 6.9632 per cent in the previous session

Trump's running mate JD Vance pledges to fight for 'forgotten' workers

His speech embraced many of Trumpism's core tenets, promising to prioritise domestic manufacturing over Chinese imports

Asian chip stocks tumble on fear of US mulling tighter curbs on tech export

Among the worst hit were shares of Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which has shed roughly $61.35 billion in market value over two days

Boeing's Washington factory workers pass strike sanction vote, says union

Boeing's labor talks come as the US planemaker loses ground to rival Airbus and navigates a crisis that erupted after a door plug blew off an Alaska Airlines 737 MAX jet

United Airlines forecast low profits; announces plans to cut capacity

United expects an adjusted profit in the range of $2.75 to $3.25 per share in the quarter ending September 30

President Biden tests positive for Covid-19, has mild symptoms: White House

White House press secretary Karine Jean-Pierre announced the positive test for the 81-year-old Democrat after Biden cancelled a speech due to the diagnosis

China's industrial support programmes lack transparency, says WTO

China undergoes first WTO review since 2021

Gold extends record rally on US Fed interest rate-cut bets, softer dollar

Spot gold eased about 0.2% to $2,462.85 per ounce as of 1548 GMT, driven by profit-taking, after the bullion hit a high of $2,482.29 earlier in the session

EU court criticises Commission over handling of Covid vaccine contracts

The Commission signed deals with COVID vaccine supplies AstraZeneca, Sanofi, GSK, Johnson & Johnson, BioNTech, Pfizer, Moderna and others at the height of the pandemic

Govt looks to speed up visa issuance for Chinese technicians: Report

The technicians are needed to operate Chinese-made machinery installed in Indian high-tech manufacturing units in industries ranging from telecoms to steel products and solar panels

Citi to boost investment banking headcount in India betting on M&A surge

The momentum is expected to continue with South Korean carmaker Hyundai Motor's India unit eyeing a $3-billion IPO

Sanofi to invest $437 million in India global centre, double its workforce

The Hyderabad facility is expected to do a significant amount of documentation work related to drug clinical trials, Roach added

World Bank looking to issue first 'drought' bond in next 12-18 months

The drought bond would be a new instrument in the multilateral lender's suite of so-called cat bonds - fixed income instruments that pay out to countries in the event of a natural disaster

Capital One pledges $265 bn for lending, philanthropy to bag Discover deal

The plan also includes $600 mn for community development financial institutions, sixfold what the two banks had previously planned, and will boost planned philanthropic giving by 29% to $575 mn

Crude oil prices steady amid falling US inventories, China concerns

Brent crude oil futures were up 33 cents, or 0.39%, at $84.06 a barrel by 1204 GMT. U.S. West Texas Intermediate crude futures were up 51 cents, or 0.63%, at $81.27

Google takeover target Wiz another fruit of Israeli military intelligence

Check Point Software Technologies, Nice, Palo Alto Networks, CyberArk, Wix and Waze - bought by Google for $1 billion - are a handful of companies whose founders have military roots

Apple backs $50 million fund to support Bay Area affordable housing

The Bay Area Housing Innovation Fund is part of Apple's 2019 pledge to contribute $2.5 billion towards affordable housing across California, the iPhone maker said on Wednesday

Food subsidies to cost 11% more than Interim Budget estimate: Report

The country's combined food and fertiliser bill is expected to reach Rs 3.88 trillion, up 5% rise from the estimate in the interim budget unveiled before the election