Page 75 - Reuters

Dow Jones scales record high on hopes of Fed rate cuts, trade deals

The Dow's gains have been propelled by a solid year-to-date performances from Wall Street bank Goldman Sachs, tech giant Microsoft and industrial equipment maker Caterpillar

ED searches Vuenow Infratech premises in Punjab, Haryana, Maharashtra

The search was conducted on Thursday in premises across Punjab, Haryana and Maharashtra states in connection with money laundering allegations related to the group, ED said in a X post

Donald Trump heads to 'high stakes' Alaska summit with Putin on Ukraine

Both the US and Russian presidents, due to meet at a Cold War-era air force base in Alaska's largest city, are seeking wins from their first face-to-face talks since Trump returned to the White House

Crude oil prices fall ahead of Trump-Putin meeting at Alaska summit

Brent crude futures were down 89 cents, or 1.3 per cent, at $65.95 a barrel by 1315 GMT. U.S. West Texas Intermediate crude futures were 97 cents, or 1.5 per cent, lower at $62.99

Trump to impose tariffs on steel, semiconductor chips from next week

He said the rates would be lower at the start to allow companies to come and build up domestic manufacturing, rising later. He gave no exact rates

US retail sales rise 0.5% in July on strong auto demand, major promotions

Retail sales rose 0.5% last month after an upwardly revised 0.9% gain in June, the Commerce Department's Census Bureau said on Friday

Crude oil prices rise as US Fed rate cut, Trump-Putin talks loom

Central banks, like the U.S. Federal Reserve, use interest rates to control inflation. Lower interest rates reduce consumer borrowing costs and can boost economic growth and demand for oil

Foxconn sees robust AI demand as second-quarter profit tops forecast

The company said artificial intelligence server revenue is expected to leap more than 170% year-on-year in the coming quarter, though it also warned of uncertainty from U.S. tariffs

Vladimir Putin ready to make deal on Ukraine: US President Trump

The aim of Friday's talks with Putin is to set up a second meeting including Ukraine, Trump said, adding: "I don't know that we're going to get an immediate ceasefire

FedEx, UPS, DHL executives may face fresh scrutiny in antitrust case

DHL said in a statement it operates in full compliance with all laws and is "cooperating fully with the CCI", but could not comment on specifics

Eli Lilly to raise UK price of weight-loss drug Mounjaro by 170%

The new price, which also applies to Lilly's type 2 diabetes medicine that has the same name, is effective from September

IREL seeks Japan, South Korea partnerships for rare earth magnet production

The miner aims to formalise talks with other countries on rare earth mining and technology partnerships and plans to seek IREL board approval for commercial magnet production this year, source said

Govt imposes anti-dumping duty on certain steel imports from Vietnam

This comes a year after the ministry initiated a probe on some steel imports from the Southeast Asian country to analyse threats and consequential injury to India's steel sector

BPCL buys 10 mn barrels of US crude oil through five-month tender

India, the world's third-largest oil importer, is increasing imports from the United States as negotiations for a bilateral trade agreement continue

Publicis sues CCI for denying case files in ad firms' cartelisation probe

Details of cartel cases are kept confidential in India, but Reuters has reported that the CCI's initial assessment found the firms used a WhatsApp group to coordinate and agree on pricing

Sanctions-hit refiner Nayara in talks with Indian govt to sustain ops

The private refiner, majority-owned by Russian companies including Rosneft, was sanctioned by the EU last month as part of a package targeting entities linked to Russian oil

PSU refiners eye Russian oil as discounts rise ahead of Trump-Putin talks

Indian state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - paused Russian oil purchases last month as discounts narrowed

India's forex to rise despite RBI support, swap maturity, say economists

A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves

FedEx, UPS, DHL executives to face fresh scrutiny in India's antitrust case

Many foreign and domestic companies are bullish about the Indian courier and parcel delivery market

China, US clash over destroyer near Scarborough Shoal amid rising tensions

In a statement, the Chinese military's Southern Theatre Command said the USS Higgins had entered the waters "without approval of the Chinese government" on Wednesday