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Nestle to restructure after it misses nine-month organic sales forecast

In July, Nestle had said it expected full-year organic sales growth of at least 3 per cent and that its UTOP margin for 2024 would grow moderately

China woes drag down French spirits maker Pernod Ricard's Q1 sales

Pernod Ricard said it was working to mitigate the impact of the Chinese anti-dumping decision on the group's performance but did not provide details

Schneider Electric to buy data centre cooling firm Motivair for $850 mn

The US is the largest market but demand for data centres is growing elsewhere too

China boosts funds for housing projects to support its embattled sector

In late September, the central bank announced measures including cuts in the minimum down payment ratio to 15 per cent for all buyers

Indian bond yields seen steady ahead of govt's $3 bn debt buyback

India is one of the largest oil importers and easing prices of crude could reduce inflationary pressures. The retail inflation accelerated to a nine-month high of 5.49 per cent in September

Meta lays off employees across units at WhatsApp, Instagram, Reality Labs

These terminations are separate from the team restructurings and took place last week

'Trump trade' boosts dollar, Asian stocks await China housing policy news

Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years

Boeing plans to raise $15 billion through shares, bonds amid strike woes

The company said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

Boeing closes in on plans to raise $15 bn via stock, hybrid bonds

The company on Tuesday said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

Crude oil prices stay near 2-week low on weak demand growth forecast

Brent futures fell 13 cents, or 0.2%, to $74.12 a barrel by 11:58 a.m. EDT (1558 GMT), while U.S. West Texas Intermediate (WTI) crude fell 24 cents, or 0.3%, to $70.34

India extends operation of imported coal-based power plants: Circular

Mandate comes despite the country's coal fired power output falling for a second straight month in September on an annual basis due to slower growth in electricity usage and surge in solar generation

Morgan Stanley's Q3 profit beats estimates on investment banking windfall

Its investment banking revenue jumped 56% in the third quarter. Competitors Goldman Sachs had posted a 20% surge in fees, while JPMorgan Chase saw a 31% gain

Nokia in talks with Airtel for multi-billion dollar 5G contract: Report

The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs

British inflation sends pound below $1.30, dollar firm on Fed outlook

The pound dropped to as low as $1.2984, dipping under the $1.30 level for the first time since Aug. 20, after data showing the rate of annual consumer price inflation dropped to 1.7 per cent in Sep

Russia's oil refining capacity likely to fall by 15% in later half of Oct

A decline in idle oil refining capacity usually leads to less available crude oil and a resulting fall in exports as refineries consume more feedstock to produce fuel

High food prices pushing customers to curtail spending ahead of festivals

In September, retail inflation was 5.49 per cent and food inflation at 9.24 per cent. Vegetable prices were 36 per cent higher than a year ago

Germany must forge new policy to save its industry, says Chancellor Scholz

Fears of de-industrialization came into focus last month when carmaker Volkswagen announced it was considering for the first time in its history closing factories in Germany

Zelenskyy unveils 'victory plan' as Ukraine faces precarious moment in war

Zelenskyy, who has unrelentingly called for a "fair" end to the war, says his plan is needed to force the Kremlin to negotiate in good faith

People in Punjab fear dispute with Canada endangers work, study plans

Indians have made up Canada's largest group of international students in recent years, mainly from Punjab, holding more than 41% of student permits in 2022

Airbus likely to cut up to 2,500 jobs in defence, space divisions: Report

The European planemaker aims to implement the cuts, which represent 7 per cent of its workforce in the Defence & Space unit, by the middle of 2026