Page 303 - Reuters

'Age of electricity' to follow looming fossil fuel peak, says IEA

Surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy, moving the world into an age of electricity, they said

Horizon Robotics targets $696 mn Hong Kong IPO, city's largest in 2024

If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverage which began book-building on Tuesday for its up to $650 million listing

Horizon Robotics targets $696mn Hong Kong IPO, city's largest in 2024

If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverage which began book-building on Tuesday for its up to $650 million listing

Will not renounce use of force over Taiwan, says China after recent turmoil

Taiwan's government rejects Beijing's sovereignty claims, saying only the island's people can decide their future

Boeing employees hold rally in Seattle as strike enters second month

Investors and regulators have had Boeing under the microscope since a door panel flew off a near-new 737 MAX jet in midair in January

Asian markets decline as chip stocks fall, China remains in focus

The euro loitered around two month lows and last fetched $1.0887 in early trading ahead of the European Central Bank's policy meeting on Thursday, where the central bank is largely expected to cut

Adani Green calls off dollar bond sale as investors bid at higher yields

Investors were seeking higher yields due to broader market uncertainty related to the US presidential elections and domestic political risks which could impact the bond issuers' repayment ability

Hezbollah says it will cause Israel pain but also calls for ceasefire

On Monday, Prime Minister Benjamin Netanyahu said Israel would continue to attack Hezbollah "without mercy, everywhere in Lebanon " including Beirut"

BofA Q3 profit beats expectation on investment banking, trading strength

BofA's investment banking fees jumped 18 per cent to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months

Citigroup profit beats estimates in Q3 on surge in investment banking

The third-largest US lender's dealmakers joined rivals at JPMorgan Chase and Wells Fargo in benefiting from a rebound in capital markets as corporate clients issued more debt and equity

Goldman Sachs profit beats estimates as bond sales boost investment banking

The Wall Street giant's gains echoed those at rival JPMorgan Chase and Citigroup, which also cashed in on debt and equity offerings as clients' economic confidence improved

Boeing files securities statement to raise up to $25 bn via stock sale

It was not clear when and how much Boeing will raise via the offering, but analysts and investors expect the company to raise money before the year end amid looming debt maturities

Nepal, Bhutan seek Indian investment in hydro projects, power export

India, which aims for net zero emissions by 2070, is looking for renewable power to fuel its economic expansion. Nepal and Bhutan have surplus power and export 2,070 megawatts and 700 megawatts

PVR Inox Q2FY25 results: Multiplex firm slips into red with Rs 11.8 cr loss

PVR Inox said it expects to add 110-120 screens in the year ending March 2025. So far this fiscal year, it has added 71 and closed 42 screens

Govt to sell up to 5% stake worth Rs 2,026 crore in Cochin Shipyard

The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed. At this price, the stake is valued at Rs 2,026 crore ($241.2 million)

Govt says no auction of satellite spectrum after Musk decries move

Telecoms Minister Jyotiraditya Scindia said during a New Delhi event that the spectrum will be allocated administratively in line with Indian laws, and its pricing worked out by the telecom watchdog

Hyundai India's record $3.3 bn IPO subscribed 18% on first day of bidding

Over 260 companies in India have raised more than $9 billion through IPOs so far this year, according to LSEG data. That's already higher than the $7.42 billion raised during the same period last year

Sebi raises overall position limits for trading members in F&O segment

The position limits will be applicable for index futures and index options separately as it is the current practice, Sebi said

After demand for 5G gear, Ericsson sees signs of demand recovery after Q3

Net sales declined by 4% to 61.8 billion Swedish crowns ($5.92 billion) but beat estimates of 61.6 billion. They were down 1 per cent on an underlying basis

BMW sales drop due to China's EV, CEO asks to cancel new fossil ban plan

Demand in China, the world's biggest auto market, is suffering from a flagging economy, while foreign carmakers face stiff competition from local manufacturers offering cheaper models, especially EVs