Page 274 - Reuters

OpenAI builds first chip with Broadcom, TSMC; scales back foundry ambition

OpenAI, which helped commercialize generative AI that produces human-like responses to queries, relies on substantial computing power to train and run its systems

Workers launch nationwide strike in Germany demanding higher wages

The strikes by unionised workers in the nearly 4-million strong electrical engineering and metal industries hit companies such as Porsche AG, BMW and Mercedes

Saudi Arabia's sovereign wealth fund plans to cut overseas investments

The sovereign wealth fund is the main vehicle for Crown Prince Mohammed bin Salman's plans to steer the Saudi economy away from oil

India's festive gold buying spree continues, defying record price

Indians were celebrating Dhanteras on Tuesday, a day considered auspicious for buying gold and one of the busiest gold-buying days in India

Honeywell Automation Q2 results: Net profit falls 5.6% to Rs 115 crore

Analysts have said that Indian exporters are bearing the brunt of increased shipping costs due to the Red Sea crisis

Concor Q2 results: Net profit up 9% at Rs 526 cr on higher cargo volume

The state-run logistics company's consolidated profit before tax rose to Rs 526 crore ($62.6 million) for three months ending Sept. 30 from Rs 482 crore a year ago

PayPal expects Q4 revenue below estimates as profit push puts growth behind

Efficiency has been a focal point for PayPal as CEO Alex Chriss, who took the helm last year, pushes for cost discipline through job cuts and higher investments in automation and AI

China President Xi urges govt officials to push for reform, meet targets

Xi also called on the provinicial officials to meet the country's annual economic and social development targets within the next two months

McDonald's global sales fall more than expected on muted demand: Report

McDonald's CEO Chris Kempczinski said the company was focused on affordability as customers continue to be mindful about spending

US election uncertainty, rate cut bets pin gold near record high levels

U.S. gold futures gained 0.2% to $2,760.80

RBI's domestically-held gold reserves jump 510.46 MT by end-September

As of end-September, the Reserve Bank of India (RBI) held 854.73 metric tonnes of gold, compared to 822.10 metric tonnes at the end of March

BP profit slumps to $2.3 bn on weak refining margins, oil trading results

The decline was smaller than expected amid a slowdown in global economic activity and oil demand, particularly in China

SBI Card Q2 results: PAT drops 33% to Rs 404 cr as bad loan provisions rise

SBI Card, backed by India's largest lender State Bank of India, said that write-offs and provisions for bad loans jumped 63 per cent to Rs 1,212 crore for the quarter

Indonesia plans to import 1 million tonnes of rice from India in 2025

Indonesia's rice output is estimated to fall 2.43% this year to 30.34 million metric tons, due to a delay in planting and harvest season amid longer dry weather in 2023, the statistics bureau

Adani Enterprises Q2 results: Net profit increases to Rs 1,742 cr

The ports-to-power Adani Group's flagship firm has been expanding its new energy business, which includes solar manufacturing and wind turbine businesses

Indian lenders face growing defaults from over-leveraged retail borrowers

Defaults have also risen in the microfinance segment, which includes loans given to low-income borrowers.

China power demand growing faster than expected: Industry association

However, the CEC said power demand growth would slow to 5% during the fourth quarter because of a high base effect in the year-ago period

Lufthansa reports 9% decline in Q3 profit as core brand struggles

The third quarter, which includes the busy summer months for travellers, is usually the strongest for European airlines. But rising costs, unpredictability tied to the crisis in the Middle East

Boeing to raise up to $24.3 bn to shore up finances, stave off downgrade

S&P warned of a ratings downgrade if Boeing's cash balance fell below a $10 billion target or if the company had to increase leverage to meet debt maturities

Election shock in key US ally Japan could embolden China and rivals

In response to escalating Chinese military activity around its islands and nearby Taiwan, including more regular drills with Russia and the first ever intrusion by a Chinese plane