Page 370 - Reuters

Walmart raises annual profit forecast on steady demand, shares jump

Shares of the Bentonville, Arkansas-based company rose more than 7 per cent in premarket trading

Adani Power says committed to supplying electricity to B'desh amid protests

Adani Power's 1,600 megawatt (MW) Godda plant in Jharkhand state is the only one in India under contract to export 100% of its power to a neighbouring country

Weekly unemployment claims fall unexpectedly to 227,000: US labour dept

Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 227,000 for the week ended Aug. 10, the Labour Department said

Oil prices rise as US rate cut optimism outweighs slower demand concerns

Brent crude futures were up 70 cents, or 0.9 per cent, at $80.46 a barrel at 1222 GMT, recovering some of the previous day's losses

HK-based developer Logan Group gets over $1 bn loan amid restructuring

The newly secured refinancing is a step in Logan's path to restructure around $8 billion of its offshore debt with the firm adding that it will continue to push forward with the restructuring

Starbucks' new CEO Brian Niccol to get $23 million in annual equity awards

Starbucks is banking on that experience as he becomes the company's sixth CEO, replacing Laxman Narasimhan, who stepped down on Aug 13

China's e-commerce giant Alibaba group misses Q1 revenue estimates

Alibaba is also grappling with stiff competition from rivals including JD.com and discount-focused retail platforms such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin

UK economy records strong growth in Q2 but likely to see slowdown ahead

Zero growth in June as wet weather hit retail sales

China asks rural banks to limit MF investments amid regulatory push: Report

Last week, China's interbank watchdog said it would investigate four rural commercial banks for suspected bond market manipulation

Chinese ecommerce giant JD.com beats estimates for quarterly profit

US-listed shares of the company rose 2.6% in premarket trading.

Asia stocks firm, dollar sags amid low US treasury yields on Fed cut bets

Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.3%

UK provides $17.3 mn to support Tata Steel's Port Talbot workers

Workers suspended a planned all-out strike after Britain's biggest steel producer warned that it would bring forward the planned closure of its two blast furnaces at Port Talbot

'India, Russia central banks renew talks to expand local currency trade'

The discussions between the two central banks involve setting a reference rate between two local currencies for trade instead of determining the value of currencies against the US dollar

Glenmark Pharma Q1 results: Profit increases to Rs 462 cr on strong demand

The drugmaker reported consolidated profit before exceptional items and taxes of Rs 462 crore ($55 million) for the quarter ended June 30, from Rs 203 crore a year ago

Ukraine advancing deeper into Russia, says Zelenskyy as battle intensifies

Ukraine has carved out a slice of the Russian border region of Kursk and though Putin said the Russian army would push out the Ukrainian troops

US consumer prices rebound in July, trend consistent with ease in inflation

The consumer price index increased 0.2 per cent last month after falling 0.1 per cent in June, the Labor Department's Bureau of Labor Statistics said

Switzerland's UBS Q1 results: Net profit rises to $1.1 bn, shares up 3.6%

The net profit of $1.1 billion for the April-June period beat the $528 million forecast in a company-provided poll

Thai court dismisses PM Srettha Thavisin for 'gross' ethics violation

Real estate tycoon Srettha becomes the fourth Thai premier in 16 years to be removed in verdicts by the same court after its judges ruled 5-4 in favour of dismissing him

Brent oil broadly steady at $80 as fears over West Asia conflict ease

Brent crude futures slipped 10 cents, or 0.1 per cent, to $80.59 a barrel by 1057 GMT. US West Texas Intermediate crude futures were down 19 cents, or 0.2 per cent, to $78.16 per barrel

SpiceJet Q1 results: Net profit drops 26.7% to Rs 150 cr on fewer flights

The company reported a profit of Rs 150 crore ($17.9 million) for the quarter ended June 30, down 26.7% from last year