Page 281 - Reuters

Oil prices rise 1% as tensions in West Asia heighten supply concerns

Oil prices have gained about 4 per cent this week after shedding more than 7 per cent last week on concerns of oversupply and weak demand and a perceived calming of Middle East tensions

Adani Total Gas Q2FY25 results: Net profit jumps 7.5% to Rs 187 cr

The company, part of the ports-to-power Adani conglomerate, said its consolidated profit grew 7.5 per cent to Rs 187 crore in the three months ended Sept. 30

Tesla stock jumps 12% as Musk reassures investors of strong EV growth plan

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and aprominent Tesla investor, said robotaxis and AI were not the fundamental businesses he wanted Musk to focus on

IndusInd Bank Q2FY25 results: Net profit falls 39% to Rs 1,325 cr

The private lender posted a net profit of Rs 1,325 crore ($157.7 million) for the three months ended Sept. 30, compared to Rs 2,181 crore a year earlier

LT Foods Q2 results: PAT drops 4.9% to Rs 148 cr, revenue at Rs 2,108 cr

The company reported a 8.4 per cent rise in its overall expenses, propelled by a 32.2 per cent rise in cost of its raw materials

Barclays profit jumps 18%, British bank reports pre-tax profit in Q3

The British bank's pretax profit for the July-September period was 2.2 billion pounds ($2.85 billion), up from 1.9 billion a year ago and higher than the average of analysts' forecasts of 2 billion

China claims unawareness of North Korean troops presence in Russia

White House spokesperson John Kirby said the United States believes at least 3,000 North Korean troops are undergoing training at three military bases in eastern Russia

Unilever, Danone boost sales as price hikes start to slow, beats Q3 sales

Danone, the maker of Activia yoghurt, Evian water and Aptamil infant milk, posted a 4.2% rise in third-quarter like-for-like saAt their peak in the fourth quarter of 2022, Unilever's underlying prices

Hyundai Motor's Q3 operating profit falls 7%; misses analysts' estimates

Some analysts said its stock price decline on Thursday reflected disappointment about the lack of a shareholder return policy following the Indian IPO

Hermes reports 11.3% growth in Q3 sales, outshining luxury rivals

"We see Hermes as the best current opportunity to protect the portfolio from a difficult (second half of 2024)" suffering from a global cyclical slowdown exacerbated by structural issues in China,"

Thaw in China ties unlikely to deter India's plans for steel tariffs

China's surging steel exports have sparked complaints from a growing number of countries, with some, such as Turkey and Indonesia

Hamas wants Russia to push Prez Abbas for negotiations for post-war Gaza

Marzouk said that Hamas had asked Russia to encourage Abbas, who is attending the Brics summit in Kazan, to start negotiations about a unity government, RIA reported

Boeing workers reject wage deal, strike continues amid rising tensions

Time is running out for Boeing, historically the largest US exporter, and its biggest union to reach a deal before the presidential election on Nov. 5

Nvidia launches Hindi-language AI model in India as CEO Huang visits

Nvidia is rolling out its new small language model, dubbed Nemotron-4-Mini-Hindi-4B, with 4 billion parameters, for firms to use in developing their own AI models, the company said

Trump presidency may harm Germany's economic growth amid trade war fears

The negative effects on EU GDP increase from 2025 to 2028, while the effects on US GDP are stronger in the first two years, with a GDP decline of 1.3 per cent with tariffs of 10 per cent

Disney Hotstar head Sajith Sivanandan quits after merger with Reliance

After the merger, Disney and Reliance will together have more than 100 TV channels and two streaming apps

Renault posts forecast-beating 1.8% rise in Q3 sales amidst strong demand

Revenues came in at 10.7 billion euros ($11.55 billion), up 1.8 per cent from a year earlier and beating an analysts' consensus forecast of 10.35 billion euros provided by the company

Israel, Hezbollah exchange heavy violence as Blinken pushes for peace

The port is typically bustling - with fishermen, tourists and even U.N. peacekeepers on a break from deployments. Israel's evacuation orders this week have for the first time encompassed swathes

Nvidia supplier SK Hynix reports record profit, sees demand for AI chips

SK Hynix has outperformed rivals Samsung Electronics and Micron Technology in recent quarters, as it has benefited the most from AI-driven appetite for high-end memory chips following

Restructuring will boost 7-eleven growth prospects: Seven & i CEO

While its Japanese 7-Eleven convenience stores are a money-spinner, Seven & i has been hobbled by poor performance at its supermarkets, including the Ito Yokado stores that make up a part