Page 10 - Reuters

Hormuz traffic falls to multi-week low amid renewed US-Iran conflict

Six vessels transited the strait on Sunday, ship-tracking data from Kpler showed, the ‌lowest number in five weeks

Nippon Paint offers $8.6 billion for AkzoNobel decorative paints unit

Nippon Paint had previously sought to buy AkzoNobel's entire business along with US-based Sherwin-Williams for €12.5 bn, but the bid was rejected ‌in May, after which the two ​withdrew their offer

Iran expands attacks on Gulf states, says Strait of Hormuz remains closed

The renewed violence casts further doubt on the future of an interim US-Iranian agreement signed last month that aimed to reopen the strait and end the war after a further 60 days of negotiations

Donald Trump says Strait of Hormuz remains open to commercial traffic

Trump's comment came even as the US and Iran continue to exchange attacks that have raised concerns about safety

TCS plans up to 8,900 AI deployment engineers, seeks AI acquisitions

The IT major plans to build a team of forward-deployed engineers, explore acquisitions in AI and cybersecurity, and deepen client engagement

Typhoon Bavi lashes eastern China after landfall, threatens heavy rainfall

Nearly two million people were evacuated as Typhoon Bavi struck eastern China, bringing torrential rain, violent winds, flooding and widespread transport disruptions

US launches more strikes on Iran after commercial ship struck in Hormuz

Iran said it closed the vital Strait of Hormuz after firing a warning shot that struck a vessel traveling on ‌an unapproved route

Typhoon Bavi makes landfall in eastern China after nearly 2 mn evacuated

Even as Bavi continues to slow and weaken on its northwesterly path, the typhoon is still a potent risk due to the sheer volume of moisture it holds within its ‌rain bands

Mojtaba Khamenei vows revenge for slain father, says it's demand of nation

Khamenei issued the message ​on the occasion ‌of funeral ceremonies for his ​father, Ayatollah Ali Khamenei, held months after he was killed ‌in the ​US-Israeli ‌airstrikes

Oregon withdraws legal challenge to delay Paramount-Warner Bros. deal

Oregon's AG has withdrawn a court motion seeking to delay Paramount's $110 bn acquisition of Warner Bros, saying the state is considering its next steps after a dispute over access to company records

US military prepared to 'decimate' Iran if assassination bid is made: Trump

The US president said he has ordered the military to be ready to launch strikes against Iran if Tehran carries out or attempts to assassinate him, saying orders could remain in force for a year

Meta removes AI image feature days after launch following privacy backlash

Meta has withdrawn its new AI image-generation feature, launched earlier this week, after criticism over its use of public Instagram content and concerns that it was enabled by default

Renewed US-Iran hostilities could derail 2027 global oil surplus: IEA

The IEA has warned that renewed US-Iran hostilities could derail its forecast of a global oil surplus in 2027 despite a rebound in supplies after the Strait of Hormuz reopened

Sheikh Hasina, exiled party leaders may return to Bangladesh in Dec

Exiled former Bangladesh PM Sheikh Hasina says she will return from India in December to surrender despite facing a death sentence, saying she wants to face her fate on home soil

Asian stocks climb as AI rally outweighs US-Iran conflict concerns

The renewed ​back-and-forth attacks have further eroded the fragile 3-week-old ceasefire, bringing the spotlight back on oil prices ​and what it could mean for inflation and the global rates outlook

Oil falls, but heads for weekly gain as West Asia supply risks persist

Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz

SBI to sell 1.42% stake in SBI Funds Management in pre-IPO placement

The stake sale at ₹574 per share - the top end of the asset manager's IPO price band - provides an early benchmark for the unit's valuation and indicates institutional demand before public offering

JK Tyre plans additional 5%-6% price hikes by September-end

The hikes reflect pressure across the auto-parts sector after an oil price rally linked to the Middle East conflict drove up the cost of petroleum-based inputs, energy and freight.

Iran hits US military targets in Gulf, lays slain leader to rest

Iran struck US military targets in Gulf states after fresh American airstrikes, while Tehran pursued diplomacy with Oman and Türkiye to prevent wider regional escalation

Air India forms interim panel to oversee firm as search for CEO continues

The panel, led by Chairman N. Chandrasekaran, will oversee the airline until a successor to Campbell Wilson is appointed