Page 131 - Reuters

UPS to cut 20,000 jobs on lower Amazon shipments; profit beats estimates

The company last year said it cut its workforce by 12,000 jobs. It expects expenses between $400 million to $600 million during 2025

Wall Street choppy as markets juggle trade war news, mixed earnings

The world's two largest economies have slapped tit-for-tat import tariffs on each other and uncertainty around the state of negotiations between the two has kept markets on edge

Amazon denies plans to display Donald Trump-imposed tariffs on listings

Trump has imposed a tsunami of tariffs on US trading partners, including China, which has seen tariff costs rise by 145 per cent since Trump took office

World Bank forecasts commodity prices to fall to pre-covid levels by 2026

The World Bank report also forecast that gold prices are likely to set a new record in 2025 as investors seek safe havens for capital amid rising uncertainty, but the price will stabilize in 2026

AO Smith Q1 revenue dips 2% on weak US, China water heater demand

The company, which makes residential and commercial water heaters, boilers, tanks and treatment products, posted a 2 per cent fall in quarterly sales to $963.9 million

S&P Global to separate its mobility division from parent to streamline biz

S&P Global's first-quarter profit beat analysts' expectations, as demand for its data and analytics offerings remained robust amid economic turmoil

PayPal maintains annual revenue, profit estimates amid US trade uncertainty

The company's results show that consumers are continuing to spend despite worries that Trump's trade war could lead to a recession

India may offer future-proof trade sweetener to fast-track US deal: Report

India has already made a number of offers and pre-emptive concessions to the US on trade, showing itself more eager than several other big US trading partners

AstraZeneca says potential US tariffs manageable; faces another China fine

"If tariffs were implemented in the range we have seen recently in other industries on medicines imported from Europe to the U.S., we would remain within the guidance range we indicated for 2025,"

Spotify Q2 profit forecast misses estimates as payroll taxes weigh down

It expects monthly active users to rise to 689 million in the second quarter, compared with LSEG-compiled estimates of 684.9 million. Premium subscribers are expected to increase to 273 million

Pfizer beats Q1 profit estimates on cost cut, strong sale of heart drug

It reported total revenue of $13.70 billion for the first quarter, compared with analysts' expectations of $13.91 billion, according to LSEG data

Merck to invest $1 bn in new Delaware plant to boost US manufacturing

The company expects labs at the new facility to be fully operational by 2028 and produce experimental drugs by 2030

22 killed, 3 injured in restaurant fire in China's Liaoning province

The fire broke out at 12:25 p.m. (0425 GMT) in a restaurant in a residential area of Liaoning Province's Liaoyang City, state broadcaster CCTV said

Global stocks, dollar edge up as US signals easing of auto tariffs

Canada's dollar dipped against a broadly-firm US currency as Canadian Prime Minister Mark Carney's Liberals retained power in Monday's election

ED seeks Apple, Xiaomi sales records in Amazon, Flipkart investigation

Enforcement Directorate expands Amazon, Flipkart investigation; smartphone brands asked to share online sales contracts and data

Duroflex to push ahead with IPO, eyes double-digit revenue growth

Duroflex, founded about six decades ago in the south Indian state of Kerala, receives 85 per cent of its revenue from mattresses

Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes

The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares

Tiger Global-backed Urban Company files draft papers for $223 million IPO

The online services aggregator plans to use over half of the funds raised from new shares for developing tech offerings

ED conducts search operations at Gensol Engineering; seizes documents

On April 15, India's markets regulator took a slew of actions against Gensol over concerns that the company might have diverted funds raised for business towards personal luxury purchases

IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder

Based on the findings of an external agency's probe, IndusInd has estimated an impact of 2.27% on its net worth as of December 2024