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BofA Q3 profit beats expectation on investment banking, trading strength

BofA's investment banking fees jumped 18 per cent to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months

Boeing files securities statement to raise up to $25 bn via stock sale

It was not clear when and how much Boeing will raise via the offering, but analysts and investors expect the company to raise money before the year end amid looming debt maturities

PVR Inox Q2FY25 results: Multiplex firm slips into red with Rs 11.8 cr loss

PVR Inox said it expects to add 110-120 screens in the year ending March 2025. So far this fiscal year, it has added 71 and closed 42 screens

After demand for 5G gear, Ericsson sees signs of demand recovery after Q3

Net sales declined by 4% to 61.8 billion Swedish crowns ($5.92 billion) but beat estimates of 61.6 billion. They were down 1 per cent on an underlying basis

BMW sales drop due to China's EV, CEO asks to cancel new fossil ban plan

Demand in China, the world's biggest auto market, is suffering from a flagging economy, while foreign carmakers face stiff competition from local manufacturers offering cheaper models, especially EVs

India needs over $170 bn to fund aviation expansion: S&P Global Ratings

India is one of the world's fastest-growing aviation markets and domestic passenger traffic is expected to double to 300 million by 2030

China may raise $850 bn in new debt over 3 years to spur growth: Report

While not the bazooka some investors had been calling for, analysts say 6 trillion yuan in extra debt in the next three years could help stabilise growth

Taiwan details record surge in Chinese fighter planes involved in war games

In a daily update on Chinese military activity around the island, Taiwan's defence ministry said it spotted 153 military aircraft, surpassing Monday's figure of 125

Italy to test Starlink satellites to enhance internet access, says official

We're assessing with Starlink and other players the possibility of complementing existing infrastructure with satellites for the most remote areas

UK pay grows slowest in two years as BoE considers when to cut rates again

BoE cut borrowing costs in August but kept them on hold at its September meeting, saying it wanted to see further signs that inflation pressures were abating

Russia holds 'substantive' talks with China to bolster defence ties

China and Russia declared a 'no limits' partnership in February 2022 when President Vladimir Putin visited Beijing less than three weeks before his forces launched a full-scale invasion of Ukraine

Boeing prepares layoff notices for thousands of workers as turmoil deepens

While Su has previously spoken with Boeing and the striking West Coast factory workers' union, it is her first time in Seattle meeting both sides in person

Economists delay India rate cuts to 2025 after Sept retail inflation spike

Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.66% a month prior

Rupee pinned near all-time low of 84.07 as regional currencies decline

The rupee is down by about 0.3 per cent this month, but has fared better than its regional peers

Key to Citi Group's regulatory woes: Staff need skills 'enhancement'

In one place, for example, the analysis cites "insufficient compliance risk management skills” among staff directly dealing with such issues. The sections of the analysis seen by Reuters did not add

Eleven's turnaround plan needs heavy lifting to stop Couche-Tard's takeover

In Japan, 7-Eleven stores have become a cultural touchstone, known for a ready supply of fresh food and everything from toothpaste to socks

Google wants US federal judge's ruling for app store to be put on hold

The judge issued the injunction on Oct 7 in a case brought by 'Fortnite' maker Epic Games, which persuaded a federal jury last year that Google was illegally monopolizing how consumers download apps

IMF warns global public debt to exceed $100 trillion amid spending surge

The IMF's latest Fiscal Monitor report showed global public debt will reach 93 per cent of global gross domestic product by the end of 2024 and approach 100 per cent by 2030.

Petronas' exploration in South China Sea to continue: Malaysian PM Ibrahim

This includes exploration activities in Petronas' Kasawari gas development off Sarawak state on Borneo, he told parliament

China's exports to Russia surge 15.7% in September, fastest in 9 months

"Bilateral trade has maintained a momentum of growth," Chinese state media cited Li as telling Russian Prime Minister Mikhail Mishustin at the time