Page 13 - Reuters/umtmi

Samsung sees record $80 bn quarterly profit as AI chip demand surges

Samsung forecasts record Q3 profit of 107.4 trillion won as AI-driven memory chip demand fuels earnings, while tight supply and rising chip costs pressure its smartphone business.

India inflation likely rose to 5.4% in Sep on food, energy costs: Poll

Consumer inflation is expected to have risen to 5.4% in September from 4.82% in August, as higher food and crude oil prices add to inflationary pressures

Asian shares fall as rising oil prices, tech debt plans weigh on markets

Asian equities came under pressure as rising oil prices pushed up bond yields, while plans by SpaceX, Broadcom, and Oracle to raise billions added to funding concerns

Oil prices rise as West Asia shipping attacks fuel fresh supply concerns

Brent crude rises to $101.53 a barrel as attacks on tankers in the Gulf and Strait of Hormuz intensify, raising concerns over supply risks despite plans to release emergency oil stocks

Markets can be irrational in short term, rupee may be undervalued: RBI Guv

Malhotra said financial markets can be irrational in the short run and noted that measures including the REER suggest the rupee may be undervalued

FX reserves fall for fourth week, down $50 billion from September peak

The reserves have dropped from their recent peak of $785.71 billion on September 4, a decline of about $50 billion in less than a ‌month

HSBC plans job cuts across UK wealth management business in AI push

The bank plans to cut about half of management and specialist roles ‌in the business, while reductions ​among financial advisers could reach around ​70%

Steel ministry unlikely to seek curbs on cheap imports despite mills' plea

New Delhi had last December imposed import tariffs on some grades for three years but despite the measure, there has been a surge in imports

Asian shares weaker as investors weigh Saudi Arabia-Houthi escalation

In Asia, ​MSCI's broadest index of Asia-Pacific shares excluding Japan was down 0.3% after US stocks ended ​higher. The index is up 1.5% so far this month

McDonald's hit with class action alleging AI-powered menu price-fixing

The lawsuit, filed on Friday, said ‌McDonald's violated US antitrust law by ​conspiring with independent franchisees ​to fix prices using algorithms trained on nonpublic data

Nobody knows who is running Iran, says Trump as war enters eighth month

Iran's foreign ​ministry spokesman said on Sunday Washington knows very well who their counterpart is in Iran and how the decision-making system in Iran works

Iran must cut enrichment to end war, says US Vice President JD Vance

Vance, a longtime skeptic of US involvement in foreign wars, has taken a leading role in negotiating a settlement to the conflict and brokered a provisional peace deal in June that quickly fell apart

Oil prices rise as Gulf of Mexico storm, Saudi attacks raise supply risks

Brent futures rose 93 cents, or ​0.92%, to $101.51 a barrel by 0022 GMT while US West Texas Intermediate (WTI) crude rose 82 cents, or 0.92%, ‌to $90.25

Paramount completes Warner Bros merger to form Hollywood giant Skydance

The combined company will carry about $80 billion in debt, while co-CEOs David Ellison and Ynon Kreiz face a target of delivering $6 billion in planned cost savings

Ex-German spy chief August Hanning detained on suspicion of espionage

The investigation was launched after the ‌discovery of an alleged leak ‌of intelligence reports intended for the chancellery

Insurance brokers oppose Irdai's proposed reforms, warn of job losses

The Insurance Regulatory and Development Authority of India proposed the rules as part of a discussion paper in late September and invited stakeholders to submit feedback by October 25

Dabur India expects second quarter revenue, profit to grow in double digits

Dabur expects its home and personal care business ‌to post double-digit growth, with hair oils and shampoos likely to grow in the ​high ‌teens, supported by demand for perfumed and coconut hair oils

Exporters to get an extra year on methane rules: EU's Ursula von der Leyen

Ursula von der Leyen said the EU will give methane exporters an extra year to prepare for its methane regulation amid concerns over high energy costs

Reliance sues India's food regulator over 'energy drink' label ban

PepsiCo and Monster Beverage sued the regulator last week over the ban, while Austria's Red Bull secured a court reprieve to continue using the label

Tractor sales fall 12.6% in Sep as monsoon stress hits rural demand: Fada

Dealers sold 76,906 tractors in September, ​down from 87,977 units sold in August, according to data from the Federation of Automobile Dealers Association