Page 263 - Reuters

OPEC+ production cuts may support oil prices in near term: Goldman Sachs

OPEC+, which includes members of the OPEC and allies such as Russia, is discussing a further delay to a planned oil output hike that was due to start in January

Goldman warns of likely Asia LNG price rise on European supply crunch

There will also be delays in the upcoming LNG supply projects across the Americas, so Europe and Asia will have access to less LNG next year than originally expected, analyst at Goldman Sachs said

Nordstrom raises lower end of annual sales outlook on uncertain environment

Nordstrom's addition of sought-after brands, along with its focus on digital growth and expanding stores of its off-price brand Rack, has boosted sales ahead of a potentially mixed holiday season

Samsung Electronics appoints new chip business heads, CFO in reshuffle

Samsung named Jun Young-hyun as its co-CEO as well as head of its memory chip business and appointed Han Jin-man as company president and head of the foundry business

Global manufacturing footprint to shield from Trump's tariffs: Foxconn

Foxconn would only be able to share more details about the company's US plans after Jan 20, once Trump takes office and his policies become clearer

China state media dismiss Trump's tariff threat, focus on fentanyl

Trump is threatening Beijing with far higher tariffs than the 7.5 per cent-25 per cent levied on Chinese goods during his first term

Donald Trump taps Kevin Hassett to head National Economic Council

Hassett headed the White House Council of Economic Advisers, which advises the president on economic policy, from 2017-2019

Israel strikes crossings with Syria for first time, says Lebanon minister

Strikes came moments after US President Joe Biden announced that a ceasefire would come into effect at 4 am local time (0200 GMT) on Wednesday to halt hostilities

Dell forecasts downbeat Q4 revenue on weak PC demand, rival competition

Dell forecast fourth-quarter revenue between $24 billion and $25 billion, average analyst estimate is $25.57 billion, according to data compiled by LSEG

Sebi relaxes prior order of ban on Axis Capital managing debt securities

Securities and Exchange Board of India, in an interim September order, had banned Axis Capital from acting as a banker for new debt issues, alleging violation of rules

Donald Trump's tariff vow hits Mexican, Canadian currencies, yen firm

Dollar jumped more than 2.5 per cent against the peso to its highest since July 2022 in New York afternoon trade

SoftBank founder Masayoshi Son likely to meet PM Modi on Wednesday

While the matter of discussion was not immediately clear, the visit comes as SoftBank eyes more artificial intelligence and technology bets in Asia's third-largest economy

Google to tweak search results in Europe after rivals highlight low traffic

Under the EU Digital Markets Act (DMA), Google is prohibited from favouring its products and services on its platform

Oil prices rise as investors weigh Opec+ discussions, Trump tariffs

Key Opec+ nations have begun discussions to delay an oil production restart planned for January, potentially for several months

Saudi Arabia signs $9 bn metals deals with firms including Vedanta, Zijin

The kingdom's growing mining industry is part of the Vision 2030 plan to diversify the economy and cut reliance on fossil fuels.

JSW Steel, SAIL in discussions with Mongolia for coking coal shipments

JSW Steel, the country's biggest steelmaker by capacity, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia

Govt plans insurance law changes for unified licence, hiking FDI limit

A single licence for insurers and higher FDI limit could boost investments and improve insurance penetration in the country

Investors confident their portfolios are better prepared for Trump 2.0

Trump, who takes office on Jan. 20, said he would immediately impose 25 per cent tariffs on imports from Canada and Mexico until they clamped down on drugs and migrants

Taliban detained journos over 250 times in Afghanistan since takeover: UN

In a reply accompanying the report, the Taliban-led foreign ministry denied having arrested that number of journalists and added that those arrested had committed a crime

Tech giant Huawei launches Mate 70 smartphone as new US chip curbs loom

The Mate 70 is the first mainstream smartphone to include a satellite paging system, has an improved processor and runs on Huawei's own HarmonyOS Next operating system