Page 4 - Reuters

Brent hovers above $100 on Red Sea disruptions, Iran war concerns

Brent futures advanced 37 cents, or 0.37 per cent, to $101.06 a barrel at 0330 GMT, ‌having settled up 7 per cent above $100 in the previous session for the first time since May

Donald Trump pegs nuclear deal to Saudi Arabia joining Abraham Accords

Trump said that the Civil Nuclear Deal pertains only to non-military use such as the ones that Iran and UAE already have, will be approved, but is subject to Saudi Arabia joining the Abraham Accords

Trump threatens Iran with military action after Houthi tanker strikes

The prospect that disruption could widen to a second sea sent global oil prices surging in one of the steepest rises of the war.

Nestle beats Q2 sales estimate, set to raise €3 billion from joint venture

The company has been reshaping its portfolio under Chief Executive Officer Philipp Navratil, who has sought to improve growth and profitability by focusing on the company's core brands

Jeff Bezos pushes Prime Video redesign focused on artificial intelligence

The Prime Video initiative grew out of an internal presentation the streaming service's executives made to Bezos last autumn that turned contentious

Oil prices top $100 amid Houthi attacks on tankers in the Red Sea

Brent crude surged above $100 after Houthi attacks on Saudi tankers deepened Middle East supply disruptions, fuelling fears of a prolonged global oil shock

Google hit with $1 billion EU fine for breaking antitrust regulations

The European Commission fined Google €890 million for breaching Big Tech rules, while acknowledging progress in the company's efforts to comply with the EU's Digital Markets Act

Adani Power's nuclear expansion depends on private-sector policy clarity

Adani Power said its plans to develop nuclear power projects depend on the government finalising rules allowing private-sector participation, with technology choices hinging on commercial viability

PVR INOX Q1FY27 result: Net profit rises to ₹56.5 cr; revenue up 11.9%

PVR INOX reported a consolidated net profit of ₹56.5 crore in the June quarter, aided by robust demand for films, higher ticket prices and strong growth in food and beverage sales

Cipla Q1 result: Net profit falls 39.2% to ₹789 cr; Dinesh Jain named CFO

Revenue from operations rose 2.3 per cent ‌to ₹7,119 crore, beating estimates of ₹7,073 crore

Adani considering launching airline to push into India's aviation market

The Adani Group is considering starting an airline, a move that could intensify competition in India's aviation market dominated by IndiGo and Air India

India and Myanmar deepen rare earths ties amid China supply concerns

India and Myanmar are strengthening cooperation on rare earths and critical minerals, as Centre seeks to diversify supplies of strategic resources dominated by China

Houthis target tankers in Red Sea, threatening new chokepoint in Iran war

The Houthis said they struck two Saudi oil tankers in the Red Sea as the US launched a fresh round of strikes on Iran, heightening concerns over global oil supplies and shipping routes

Asian stocks rise as tech earnings lift chipmakers; oil at six-week highs

Asian markets advanced after strong US technology spending plans boosted chipmakers, while escalating conflict in West Asia pushed oil to six-week highs and revived inflation concerns

Oil jumps over 2% to more than $95/barrel as conflict threatens transit

Brent crude climbed above $95 a barrel as US-Iran hostilities and Houthi threats to Red Sea shipping heightened fears of major oil supply disruptions

War could cut global growth to 1.3%: World Bank Chief Economist Gill

The World Bank warned that a prolonged US-Iran conflict could slow global growth to 1.3% in 2026, while fuelling inflation, higher interest rates and debt pressures

RBI likely used dollar deposit surge to cut record FX forward book

The RBI's package of measures aimed at ‌supporting the rupee attracted more than $20 bn as of July 17, with more than four-fifths coming from foreign currency non-resident deposits mobilised by banks

Paras Defence to invest ₹6,200 cr to set up chip packaging facility in MP

Paras Semiconductors signed a MoU with Madhya ​Pradesh government to jointly set up an outsourced ‌semiconductor assembly ​and test (OSAT) ‌facility in the Indore-Ujjain region

Oil prices extend gains on supply disruption fears, Brent tops $92

Brent crude futures rose $1, or 1.1%, to $92.01 a barrel at 0330 GMT while US West ‌Texas Intermediate crude climbed 82 cents, or 1.0%, to $85.16

Pakistan seeks $10 billion in US backstop facility to boost reserves

The request, which is being reported for the first time, follows Pakistan's role in brokering talks over the Iran war, which raised its diplomatic profile