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Saudi Arabia eyes stake in $30 billion Indian Premier League: Report

Saudi Arabian Crown Prince Mohammed bin Salman's advisers have sounded out Indian government officials about moving the IPL into a holding company

Investors on track to pour $1.3 trn into cash funds in 2023, says BofA

BofA said its Bull & Bear indicator of investor sentiment was at 1.4, the lowest since November 2022

Burger King weakness drives sales miss at parent Restaurant Brands

Toronto, Canada-based Restaurant Brands posted an adjusted profit of 90 cents per share, beating estimates of 86 cents

US solar panel manufacturing boom threatened by cheap imports: Report

US industry's souring outlook could hurt Biden's climate agenda

BMW boosts earnings with higher-priced, electric cars; revenue up 3.4%

The German group has maintained a cautiously optimistic tone through the year, and raised its automotive margin outlook in August

Maersk Group to cut at least 10,000 jobs as shipping boom unravels

The company kept its full-year guidance for revenue and operating profit but now expects both to land at the lower end of the range

Pakistan stocks rise to highest in 6 yrs on election optimism, IMF visit

The benchmark stock index struck a record intra-day high of 53,263.07 on Friday, rising 1.15% from Thursday close, before settling back slightly. It was the highest since May 25, 2017

Arvind Fashions to sell Sephora retail division to Reliance for Rs 99.02 cr

Reliance launched its own beauty retail platform, Tira, in April to take on the likes of Nykaa and the Tata Group

China's services activity picks up slightly in October, sales grow: Data

An official survey showed on Tuesday that services PMI dropped to 50.1 from 50.9 in September

ESPN could be valued at $24 billion, likely buyers Apple and Verizon

Disney begins appraisal process for Hulu stake Walt Disney said it plans to buy Comcast's one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year

Gujarat Gas Q2 results: Net profit drops 26% on lower selling prices

Standalone net profit after tax fell to 2.98 billion rupees ($35.82 million) in the three months ended Sept. 30 from 4.04 billion rupees a year earlier

Govt weighs local tax options to avoid EU carbon levy: Piyush Goyal

"We will find a solution around a domestic tax to take care of equating with European taxes on carbon emissions," he said at an industry event

Gaza war temporary setback for Haifa port regional expansion: Chairman

Adding further momentum, global leaders announced in September a multinational rail and ports deal linking the Middle East and South Asia on the sidelines of the G20 summit

US weekly unemployment claims rise moderately by 5,000 to 217,000

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 217,000 for the week ended Oct. 28, the Labor Department said

Pizza Hut India operator 'cautious' on expansion after 20% sales slump

Shares of Sapphire slid as much as 8.8% post-results

Lufthansa upbeat on travel demand, posts adjusted EBIT at $1.56 bn in Q3

Lufthansa shares were set for their biggest daily gain since June 2022, according to Eikon data, in the wake of the earnings announcement

Moderna tempers 2023 Covid vaccine sales forecast on weaker demand

Analysts estimate over $100 million in sales for each of Moderna's new vaccines against RSV and flu, which also has yet to be approved, in 2024, according to LSEG data

Berger Paints India net profit rises 33% at Rs 292 cr, misses estimates

Raw material costs, which account more than 60% of the total expenses, fell nearly 6%, but lower revenue growth impacted profits at India's second-biggest paint company by revenue

Adani Power Q2 result: Profit soars 10-fold to Rs 6,594 cr on demand surge

The company's consolidated net profit climbed to 65.94 billion rupees ($792.3 million) in the quarter, helped in part by a tax gain of 13.71 billion rupees

Changes to insolvency law on leased aircraft to apply retrospectively: DGCA

The clarification of India's recent amendment to its insolvency law potentially paves the way for lessors of bankrupt budget carrier Go First to take back their planes