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Tech leads Asia stock selloff; yen, dollar gains in volatile week for mkts

Elsewhere, Taiwan's tech-heavy stock benchmark sagged 2% and Hong Kong's Hang Seng lost 1%

Nuclear weapons would fracture US ties: South Korean defence chief

The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North

Boeing unauthorised 737 work issue should have been caught earlier: NTSB

The NTSB's Homendy added there was no guarantee the door panel issue would not occur again

Ukraine penetrates Russia's southern border, triggering fierce clashes

Russia's health ministry said 31 civilians, including six children, had been wounded. Smirnov said on Tuesday that five people had been killed

Warner Bros Discovery writes down TV assets by $9 bn amid uncertainities

The shift of viewers from traditional television to streaming services has led to a decline in advertising revenue and affiliate fees, impacting the profitability of Warner Bros

UK, Egypt issue alerts for Iran, Lebanon airspace amid conflict risks

Egypt's civil aviation ministry later confirmed on Wednesday the notice was intended to reduce flight safety risks in light of a notification it received from Iranian authorities

RBI expected to hold rates, markets seek hints on possible future cuts

Investors are hopeful the RBI will soften its stance on inflation following the recent souring of global market sentiment

Protesters force four Bangladeshi central bank's deputies to resign

Protesters also demanded the resignation of Bangladesh Bank governor Abdur Rouf Talukder, who was not present during the demonstrations at the bank's headquarters

Bangladesh garment factories reopen with hopes after PM Hasina's flight

Garment and textile factories which supply major western brands such as H&M, Zara and Carrefour had been forced to shut under curfews

Ukrainian forces pierce Russia's southern border, trigger fierce clashes

Ukraine struck back, and battles continued through night into Wednesday as Ukrainian forces pushed to northwest of the border town of Sudzha, 530 km southwest of Moscow, Russia's defence ministry said

Majority of retail distributors resume ops in Bangladesh, says Marico

The 'Parachute' hair oil maker gets 44 per cent of its international revenues from the country, where it has a distribution network of more than 770,000 outlets

Coromandel International Q1 results: Profit drops 37.1% to Rs 311 cr

The company's net profit after tax fell to Rs 311 crore ($37.05 million) for the April-June quarter from Rs 494 crore a year earlier

Sula Vineyards Q1FY25 results: PAT rises 7% to Rs 14.63 cr on high demand

Sula's revenue grew more than 10 per cent during the quarter to Rs 128 cr, its second straight quarter of growth, aided by a 24.4 per cent jump in its cheaper wine segment

Sony posts 10% rise in net profit boosted by image sensors, games business

A sprawling group encompassing music, movies, games and chips, Sony hiked its full-year profit forecast by 3 per cent to 1.3 trillion yen aided by foreign exchange rates

Oil prices bounce back from multi-month lows on West Asia tensions

Both oil benchmarks broke a three-session declining streak on Tuesday, and tensions in the Middle East continued to stoke supply concerns in Wednesday's trading session

Welspun Q1 results: PAT up 50% at Rs 248 cr as strong exports boost margins

Welspun's fortunes have gotten a boost from not only the growing demand for fuel in India but also from key export markets of the US and Middle East

SoftBank to buyback $3.4 bn worth shares amid pressure from investors

It unveiled a plan to buy back up to 6.8 per cent of shares over the next 12 months, taking some of the sting out of an unexpected net loss for April-June

China's commodity imports show economy struggling for momentum: Report

China, world's biggest importer of crude, has seen arrivals slump this year, with imports of 10.90 mn bpd in first seven months of year, down 2.9 per cent from 11.22 mn bpd over same period in 2023

Global Payments beats Q2 profit estimates as consumers spending resilient

Despite recent economic data fueling recession fears, American consumers have remained resilient in face of higher-for-longer interest rates

Pidilite Industries Q1FY25 results: Net profit rises 21% to Rs 567 cr

During the April-June quarter, India witnessed a booming manufacturing sector activity as output increased on robust demand