Page 4 - Reuters

Musk says SpaceX raised $40 bn in debt deal, predicts neocloud shakeout

Musk, in a post on X, attributed the successful debt raise to the company's investment-grade status and revenue from its Starlink satellite internet and launch businesses

'I had to do it': Trump says US-Canada tariff dispute to end 'soon'

Trump predicts a swift resolution to the tariff dispute with Canada but offers no details, as Michigan Republicans flag concerns over the impact on the auto industry

Oil prices slip from near six-months highs despite supply concerns

US crude futures were down $1.60, or 1.55%, at $101.67 per barrel by 0018 GMT while Brent crude futures were down $1.56 or 1.34% at $115.16

Asian shares cautious ahead of central bank meetings, AI earnings

Japan's Nikkei dipped 0.8%, after losing 4.0% last week, while South Korea fell 0.4%, having shed almost 19% so far this month

Brazil votes in tight presidential runoff between Lula and Bolsonaro

Brazil's presidential runoff pits Lula against Flavio Bolsonaro, with voters weighing economic concerns, crime and US relations amid a closely contested election

Yemen's Houthis say they targeted Saudi oil sites, attacks reported in Aden

Yemen's Saudi-backed government said the Houthis also fired three ballistic missiles at coast guard sites in the southern Yemeni port ‌city of Aden

Venezuela to restart major power plant with help from Chinese firm

Restarting Venezuela's largest fossil fuel-burning plant will help ease chronic blackouts that have worsened since earthquakes ravaged the region in June

India's Scotch probe of Diageo, Pernod undermines UK pact benefits: ISWAI

The liquor industry group representing Diageo and Pernod Ricard said that India's move to exclude bulk Scotch imports from the reduced tariff contradicts the trade pact

First Russian diesel shipment since 2022 heads to US under Trump-Putin deal

A tanker carrying 40,000 tonnes of Russian diesel is expected to reach New York on November 7, marking the first US import of Russian petroleum products since the 2022 ban

Microsoft develops AI tool that can diagnose 'sequentially' like doctor

A Microsoft AI tool that mimics doctors' step-by-step diagnostic process outperformed general physicians on complex medical cases and emergency room scenarios

Failte-Sigenergy JV to build inverter, battery storage plants in India

The company also plans to set up a research and development centre focused on battery energy storage systems in ​India

GLP-1 boom in India, China, Brazil can create $22 bn market: JP Morgan

The addressable ​market could grow at an annual rate of 15% through 2035, JP Morgan ‌analysts led by Yang Huang said in a note on Friday, given the countries' large diabetes and obesity burdens

Dr Reddy's launches new generic Ozempic brands amid Obeda supply disruption

Obeda Pro and ​Obeda Plus are made by a different manufacturer than the original Obeda injectable, supplies of which were ‌halted in July after Dr Reddy's discovered an impurity in active ingredients

SBI Card Q2 profit rises 75% to ₹778 crore as asset quality improves

SBI Card's profit after tax rose to Rs 778 crore in the September quarter as gross NPAs fell to 1.90% and loan loss provisions declined 36.6% year-on-year

Trump says Musk restored Ukraine's Starlink access, dodges call question

Ukraine uses Starlink for battlefield communications and drone operations. Restricting the satellite service ​hampered the country's attack and air defence drone missions against Russia

Asian shares slip as tech rout boosts bonds, dents rate hike bets

MSCI's broadest index of Asia-Pacific shares excluding Japan fell 0.3% on Friday, bringing its weekly loss to 2.7% and marking a fourth straight week in the red

Oil little changed as supply concern lingers amid Houthi attacks on Saudi

Brent crude ‌futures was down 21 cents, or 0.2%, at $112.96 a barrel as of 0030 GMT, while US West Texas Intermediate crude was down 27 cents, or 0.3%, at $98.12

Russia, Ukraine exchange strikes despite renewed US push for peace

Russia and Ukraine exchanged missile and drone attacks despite renewed US-led peace efforts, with both sides signalling possible talks in November amid differences over territorial demands.

Barclays to cut 5,000 jobs in AI-led cost drive as Q3 profit rises 12%

Barclays plans to cut around 5,000 jobs, or 5% of its workforce, this year as it uses AI to reduce costs, even as third-quarter profit rose 12% to £2.3 billion.

eMudhra to exit global SSL/TLS certificate business after security flaws

eMudhra said it would voluntarily exit the global SSL/TLS certificate business after vulnerabilities were found in its certificates, raising concerns over digital security.