Page 216 - Reuters/workspace/business Standard Web/undefined

Asian stocks fall amid volatility as South Korea faces political turmoil

The benchmark KOSPI index was down nearly 2 per cent, taking its year-to-date losses to over 7 per cent

South Korean President Yoon Suk Yeol declares emergency martial law

He did not cite any specific threat from the nuclear-armed North, however, instead focusing on his domestic political opponents

Russia approves $320 million management buyout of Carlsberg assets

Carlsberg, whose shares fell 1.3% in late morning trading, said it would receive a cash consideration, as well as Baltika Breweries' shareholdings in Carlsberg Azerbaijan and Carlsberg Kazakhstan

AT&T targets $18 bn in free cash flow by 2027, driven by 5G, fiber growth

The wireless carrier aims to double its fiber internet availability and enhance its 5G network, offering customers bundled discounts on high-speed fiber data and wireless phone services

BlackRock to buy HPS Investment for $12 bn in major private credit push

Private credit has grown rapidly in recent years as stricter regulations made it more expensive for traditional lenders to finance riskier loans

Microsoft faces legal action in Britain over cloud computing licences

Microsoft in 2020 introduced new licence fees for running its software on major cloud providers

Gold prices inch higher on Fed rate optimism with US data due in December

UBS said it expects the Fed to cut by 25 basis points in December, followed by another 100 bps of easing through 2025

Festivals lift India's edible oil imports to four-month high in Nov

Palm oil imports edged 0.5 per cent higher in November from the previous month to 850,000 metric tons, according to estimates from dealers

Swiggy Q2 results: Loss narrows to Rs 626 crore, revenue rises 30%

Its expenses grew 23 per cent as the company continued its quick commerce expansion

Oil prices climb nearly 1% as traders await outcome of Opec+ meet

Opec+ is likely to extend its latest round of output cuts until the end of the first quarter at its Dec 5 meeting

Andaman police to question Starlink on device used in smuggled drugs haul

Starlink, which says it provides coverage in international waters, has plans to launch in India, but says its coverage in territorial waters is contingent on government approval

Chinese chip companies say they can withstand fresh US export curbs

Capital expenditure by the Chinese chip industry next year will likely fall by $10 billion, or about 30 per cent year-on-year, to $35 billion, as a result of these curbs, Jefferies analysts said

Nomura has room to cut further $187 mn in costs: CEO Kentaro Okuda

The measures come on top of Nomura's existing plan to cut 62 billion yen ($414 million) of costs in the short- and medium-term, which include optimising information technology

Pivoting away from India, Nepal PM Oli visits China to seek investment

Oli's visit was his first to a foreign country since his July swearing-in, a break from the customary destination of New Delhi, with which Kathmandu has centuries-old ties

Novo Nordisk India execs urge early Wegovy launch as rival Eli Lilly looms

Novo and Lilly are both scaling up production as they vie for a dominant share of a weight-loss market that some analysts forecast could reach $150 billion a year in the next decade

LNG traders divert cargoes from Europe to Asia as eastern demand rises

Quick change in course reflects agility of trading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder weather increases competition between the two regions for the fuel

Donald Trump reiterates opposition to Nippon Steel's takeover of US Steel

Japanese PM Shigeru Ishiba wrote to Biden, who has referred the deal to a government panel that reviews foreign investments for national security risks, asking him to approve the transaction

British firms downbeat about China business despite stimulus: Survey

Doing business in China had become tougher for five consecutive years and only 41 per cent of its members were expecting to have a better time next year, the survey said

Canada says Pacific trade pact open to new nations after Taiwan's complaint

Taiwan has few international trade agreements due to its diplomatic isolation because of pressure from China, which views the democratically governed island as its own territory

US retailers aim to cash in on Cyber Monday with high online discounts

The moves follow a mixed holiday season so far, with muted spending in stores on key shopping days such as Black Friday