Page 61 - Reuters

Nestle chairman Paul Bulcke to step down days after CEO dismissal

Bulcke will be succeeded by Vice Chairman Pablo Isla, effective October 1. Bulcke was earlier supposed to hand over the reins to Isla in April 2026

KPI Green Energy to raise $363 million from SBI, says CFO Salim Yahoo

The loan approval comes amid the Indian government's green energy push targeting 500 gigawatts of non-fossil capacity by 2030

US retail sales rise strongly; softening labour market a headwind

The third straight month of solid gains in sales reported by the Commerce Department on Tuesday is unlikely to prevent the Federal Reserve from cutting interest rates on Wednesday

Trump says US has a buyer for TikTok; may need approval from Congress

The Trump administration has repeatedly declined to enforce a law requiring the app to shut down due to worries it would anger the app's millions of users and disrupt political communications

Disney, Warner Bros Discovery sue China's MiniMax over copyright violation

Disney, Universal, Warner Bros Discovery sue China's MiniMax for copyright infringement

Silver imports likely to gain momentum from strong investment demand

Higher imports by the world's biggest silver consumer could give further support to global prices that are close to their highest level in 14 years

Jaguar Land Rover extends UK factory shutdown to Sept 24 after cyberattack

The luxury carmaker, owned by India's Tata Motors, said it shut down its systems in early September to contain the hack that has severely disrupted its retail and manufacturing operations

CCI raids steel makers Jindal Saw, Maharashtra Seamless in antitrust case

The case was triggered by a complaint from state-run Oil and Natural Gas Corporation in 2023, related to bidding of certain tenders by the steel pipe companies

SpiceJet adds 8 more Boeing 737s, boosting fleet ahead of festive season

SpiceJet has signed multiple settlements in recent years to resolve disputes with lessors and other creditors, but has continued to struggle with capacity expansion

Asia stocks scale new highs, dollar weakens ahead of Fed rate cut decision

Expectations of imminent Fed rate cuts have kept the market mood buoyant over the past few sessions and sent stocks scaling new highs

China accuses US of bullying over tariffs on Russian oil purchases

China opposes Washington's request that the Group of Seven and NATO countries impose secondary tariffs on Chinese imports over its purchase of Russian oil

Xi Jinping urges 'orderly exit' of outdated production capacity: Report

China's leaders have pledged to put an end to aggressive price cuts by some Chinese companies, which regulators say are spurring excessive competition that is damaging the economy

US to press ahead with TikTok ban if China keeps tariff, tech demands

US and China delegations are discussing the divestment from TikTok by Chinese owner Bytedance as part of a round of broader talks on tariffs and economic policy taking place in Madrid

Blackstone to acquire Pennsylvania gas power plant in $1 billion deal

US power demand is projected to reach record levels in 2025, driven by data centers for AI and cryptocurrency technologies, as well as higher residential and commercial consumption

S&P 500, Nasdaq hit record highs at start of Fed meeting week; Tesla gains

The electric vehicle maker jumped 5.8% to its highest level since late January after regulatory filings revealed Musk had acquired nearly $1 billion worth of Tesla's stock on Friday

Novartis signs $5.7 bn licensing deal with Monte Rosa Therapeutics

Under the agreement, Monte Rosa will receive an upfront payment of $120 million and could earn milestone payments and royalties that lift the total value to as much as $5.7 billion

TotalEnergies launches final phase of $27 bn Iraq energy project

The project aims to boost Iraq's oil, gas and power production, reduce imports from neighbouring Iran and lure back foreign investors

Sanctions-hit Nayara Energy seeks govt help for refinery repair gear

Refineries typically shut roughly every four years for maintenance that can last 30 to 50 days. Nayara last shut its refinery for maintenance in November 2022

India's August palm oil imports hit 1-year high on festive demand

Higher palm oil imports by India, the world's largest buyer of vegetable oils, are expected to help top producers Indonesia and Malaysia

Australia's ANZ to pay $160 mn over bond deal, customer violations

The penalties are a troubling milestone for Australia's fourth-largest bank, which last week announced 3,500 job cuts as new CEO Nuno Matos looks to improve profitability