Page 388 - Reuters

US job openings edge lower in June, labour resilience underpinning economy

Job openings have been steadily declining since hitting a record 12.182 mn in March 2022 as demand moderates in response to the Federal Reserve's aggressive interest rate hikes

Euro zone economy sees slight growth, outlook remains far from rosy

Euro zone economy is quite like water quality of Seine (polluted river in Paris), some days it may look okay but overall it's poor enough to continuously worry about it, ING economist Bert Colijn said

Torrent Power Q1 result: Net profit up 88% at Rs Rs 972 cr on robust demand

Heatwaves and increasing economic activity have resulted in India's electricity generation growing at an average of about 8 per cent annually following the pandemic

Pfizer raises annual profit forecast on strong sales of cancer, heart drugs

The market for pharmaceutical products used in managing Covid-19 has shrunk by billions of dollars a year, including for Pfizer's vaccines and treatments

Sebi proposes measures to curb speculative trading in index derivatives

Sebi also proposed weekly options contracts to be provided on a single benchmark index of an exchange and brokerages to collect option premiums on an upfront basis from their clients

Amid US scrutiny Alaska extends period for Hawaiian Airlines acquisition

Shortages of new planes, jet engines and pilots have spurred US airlines to pursue growth through acquisitions, putting them in the crosshairs of anti-trust regulators

Tesla recalls over 1.8 mn vehicles in US due to software failure risk

The recall applies to certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles, the regulator said

Force Motors Q1 results: Net profit jumps 69% to Rs 116 cr on high demand

Force, which manufactures commercial vehicles (CV), including vans, school buses and ambulances, reported a 27 per cent rise in revenue to Rs 1,885 cr during q1, driven by a 10 per cent jump in sales

Indian Oil Q1FY25 results: PAT plunges 81% to Rs 2,643 cr on low margins

IOC's average gross refining margin - the profit from making refined products from one barrel of oil - fell to $6.39 per barrel from $8.34 per barrel a year ago

Pizza Hut India operator misses Q1 estimates on weak demand, surging costs

India's quick-service chains have been struggling to attract customers amid persistent inflation, which remained around 5 per cent during the quarter

StanChart unveils $1.5 bn share buyback, bets on eco growth at Asian mkts

The property market recovery in China "remained slower than expected amidst government support measures", and the bank continues to monitor its portfolios, Stanchart's Chief Risk Officer said

India's duty cut to revive gold demand after weak June quarter: WGC

Higher purchases in the world's second-biggest gold consumer could support global benchmark prices, which are trading near record highs

Foreign investors unhappy after India restores curbs on some bond purchases

The decision had been made in consultation with the government, the Reserve Bank of India added, but gave no reason

China's leaders vow to step up policy support for boosting economy

"Macro policies should be strengthened persistently and become more forceful," the Poliburo added, according to the official Xinhua news agency

Adani Enterprises to launch first-ever public debt issue to raise Rs 600 cr

The issue should open in mid-August after the final approval, one of the sources said on condition of anonymity

Meta to let users to create custom AI characters through AI Studio

The new tool is built with Meta's Llama 3.1, the biggest version of its mostly free artificial intelligence models

Toyota global output tumbles in June, dragged down by Japan and China

In China, where domestic electric vehicle makers like BYD have rapidly gained market share and have aggressively cut prices, production fell 21.7% - marking the fifth month in a row

Apple used Google's chips to train two AI models, shows research paper

To build the AI model that will operate on iPhones and other devices, Apple used 2,048 of the TPUv5p chips. For its server AI model, Apple deployed 8,192 TPUv4 processors

Four killed in rains, floods as remnants of Typhoon Gaemi lash south China

Meteorological experts said the combination of a weather system from the typhoon, which has been downgraded, and a southwest monsoon has created conditions for heavy rain and high-humidity

Adani Total Gas Q1 results: PAT up 15% to Rs 172 cr on strong CNG demand

The Adani group company's consolidated profit rose 15% to Rs 172 crore (around $21 million) in the three months ended June 30, marking its sixth straight rise in quarterly profit