Page 91 - Reuters

Oil prices edge higher as markets watch supply risks and demand outlook

Brent crude futures were up 40 cents, or 0.58 per cent, at $69.04 a barrel as of 1027 GMT. US West Texas Intermediate crude ticked up 45 cents, or 0.68 per cent, to $67.02 a barrel

Trump's 50% tariff on Brazilian goods could increase US burger prices

Proposal is a blow to US meat companies also facing tighter cattle supplies due to a halt of livestock imports from Mexico over New World screwworm, a flesh-eating pest spreading south of the border

Assam halts green hydrogen policy; investors reassess plans: Report

Assam's decision to pause the green hydrogen policy surprised some of the companies, forcing them to recalibrate potential returns and investment plans worth millions of dollars, three of the sources

Mercedes-Benz India's Q1 sales reach record high on luxury EV demand

Sales of top-end models, like the S-Class and the Mercedes-Maybach portfolio, rose 20per cent between April and June, while EV sales jumped than two-fold to form 8% of Mercedes-Benz India's sale

UK economy shrinks again in May, raising new worries amid global headwinds

Gross domestic product declined by 0.1 per cent after a 0.3 per cent drop in April, the Office for National Statistics said

Google to offer heavy discount for cloud computing services to US govt

In April, Google agreed to offer a 71% discount till September 30 to US federal agencies for its business apps package that could generate up to $2 billion in savings if there is govt-wide adoption

Sebi's ban on Jane Street hits options volumes, rebound expected soon

Since the order, index options premium turnover on the NSE and BSE exchanges declined on a week-on-week basis in four of five sessions

Opec trims oil demand for next four years, says no peak in sight

The forecasts for demand in 2026 through 2029 are all lower than last year. Demand will average 106.3 million bpd in 2026, OPEC said, down from 108 million bpd seen last year

Glenmark Pharma's unit, Abbvie sign global licensing deal for cancer drug

Under the agreement, AbbVie will get exclusive rights to develop, manufacture and commercialize ISB 2001 in North America, Europe, Japan and Greater China

Seven & i profit rises nearly 10%, boosted by overseas convenience stores

Japanese retailing giant previously announced a share buyback, is selling off non-core assets and plans to list its North American convenience store business

Sri Lanka's apparel industry alarmed by US tariff of 30%, hopes for cut

The US takes about 40 per cent of apparel exports, helping to pull in $1.9 billion last year and make the industry Sri Lanka's third largest earner of foreign exchange, employing 300,000 people

Asian shares up on Nvidia high, investors unfazed by Trump's tariff moves

US copper futures widened their premium to the London benchmark overnight after Trump announced plans to impose a 50 per cent tariff on copper

Gaza ceasefire possible in a week or two, not in a day: Israeli official

Israeli official said that if the two sides agree to a proposed 60-day ceasefire, Israel would use that time to offer a permanent ceasefire that would require the Palestinian militant group to disarm

Nissan suspends US production of three vehicle models sold in Canada

Nissan said its top-selling vehicles in Canada, such as the Versa, Sentra and Rogue, were all sourced from either Mexico or Japan, accounting for 80 per cent of its Canadian sales

Trump imposes up to 30% tariffs on six nations including Iraq, Philippines

Trump said trade talks have been going well with China and the European Union, which is the biggest bilateral trading partner of the US

US could collect $300 bn in tariff revenue this year, says Treasury chief

A Treasury spokesperson said the $300 billion target corresponds to the December 31 end of calendar 2025, not the end of the government's fiscal year on September 30

Travel Food Services IPO fully subscribed as institutions drive demand

It was subscribed 1.89 times, driven by institutional bids that were 5.23 times the shares reserved for them. Meanwhile, retail bids stood at a 0.44 times as of 2:12 p.m. IST

Sebi may allow credit rating of instruments outside its jurisdiction

Any agency that expands ratings to such instruments will need to set up a new unit within six months, the Securities and Exchange Board of India (SEBI) said in a consultation paper

Reliance Jio Platforms delays IPO plans, 2025 listing not on the cards

Valued by analysts at over $100 billion, Jio wants to achieve higher revenues and a bigger subscriber base for its telecom business

China's factory-gate deflation hits 2-year low amid global trade war

The producer price index fell 3.6 per cent in June from a year earlier, worse than a 3.3 per cent decline in May and the largest drop since July 2023