Page 9 - Reuters

Oil prices rise as renewed US-Iran strikes fuel fears over energy supplies

For the second straight session, Brent ​closed at its highest since June 12 and West Texas Intermediate at its ‌highest since June 15 and rose further on early Wednesday trade

Fed chair Warsh sets sights on 2% inflation target, vows to 'do my job'

Inflation is currently running above the Fed's 2 per cent target, and there is uncertainty around whether renewed conflict in West Asia could reverse recent progress

Trading revenue, investment banking lift Wall Street bank earnings

Bank of America beat estimates for second-quarter profit, benefiting from record trading activity and a surge in dealmaking, one of five banks reporting on Tuesday

IBM warns AI boom is squeezing software budgets, triggers sector rout

IBM forecast second-quarter revenue below estimates, saying clients shifted spending towards AI infrastructure, triggering a broader selloff in software stocks

US consumer inflation slows 0.4% in June, but Fed rate hike fears linger

US consumer inflation eased more than expected in June as energy prices retreated, though markets still see a possibility of a Federal Reserve rate increase this year

Trump steps back from proposal for Hormuz fees in favour of Gulf deals

Donald Trump abandoned plans to impose a 20 per cent fee on shipping through the Strait of Hormuz, saying he would instead seek trade and investment deals with Gulf states

Citi, others retract India rate hike calls as inflation may stay moderate

Cooling core inflation and a lower annual inflation outlook are prompting economists to scale back expectations of RBI rate hikes despite June's retail inflation uptick

India draws nearly $10 billion under RBI's deposit drive to support rupee

The RBI announced a zero-cost foreign-exchange swap facility at its June ​5 policy meeting for deposits raised from non-resident Indians, allowing banks to offer higher returns on such deposits

LTM expects AI revenue to outpace traditional services: CEO Venu Lambu

LTM expects AI revenue to grow faster than its traditional IT services business as enterprise adoption accelerates, with demand rising for deployment of advanced AI models from Anthropic and OpenAI

China expels third Politburo member in deepening anti-graft drive

China expelled former Politburo member Ma Xingrui from the Communist Party over corruption charges, marking the latest high-profile purge

Oil prices climb to one-month high as US, Iran step up attacks in Hormuz

Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz

Asian markets choppy as Trump's threat of Hormuz levy spooks traders

Asian markets traded mixed while oil climbed to a one-month high after Trump reinstated a blockade of Iranian shipping, heightening concerns over energy supplies and global inflation

US renews strikes on Iran while tankers come under attack in Hormuz

The US launched strikes on Iran as President Donald Trump reinstated a blockade of Iranian shipping and proposed a 20% fee on cargo transiting the Strait of Hormuz, escalating regional tensions

SK Hynix's Seoul shares see worst day; TSMC posts 36% hike in Q2 sales

The company's United States (US)-listed shares dropped 7.9 per cent to $154.7 in early trading after jumping more than 12 per cent in their Nasdaq debut on Friday

Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo: Trump

Donald Trump said the United States would reinstate a naval blockade on Iran and impose a 20 per cent charge on cargo moving through the Strait of Hormuz

Viatris unit Mylan plans to sell stake worth up to $363 million in Biocon

Mylan, part of global healthcare company Viatris, plans to sell up to 92 million shares in Biocon through a secondary offering valued at as much as Rs 34.81 billion

US-based fintech firm Payoneer opens tech hub in India, boosts hiring

Payoneer to hire 300 engineers by end-2026 as India GCC becomes its second-largest global tech and R&D hub

Oil jumps over 3% as fresh US-Iran strikes threaten Hormuz shipments

Oil prices climbed more than 3 per cent after fresh US-Iran military strikes renewed concerns over energy shipments through the Strait of Hormuz and regional supply risks

CERC orders renewable firms to surrender unused grid connectivity

The firms can also transfer transmission rights for their group utility that are generating but does not have connectivity to grid, an order from the ‌Central Electricity Regulatory Commission said

TSMC posts record second-quarter revenue as AI demand drives 36% growth

Taiwan Semiconductor ​Manufacturing Co (TSMC) is a major supplier to companies including Nvidia and Apple