Business / World Business

Adani Enterprises weighs exiting $6 billion Wilmar venture 08 Aug 2023 - 08:20 pm

Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their...

Wall Street WhatsApp, text-message fines exceed $2.5 billion 08 Aug 2023 - 08:04 pm

Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees...

BioNTech drops on Covid shot maker’s first loss since 2020 08 Aug 2023 - 12:03 pm

BioNTech SE plunged in US trading after the German biotech reported its first loss since 2020 due to lower demand for the Covid-19...

Meta-backed Meesho becomes rare India startup to manage a profit 07 Aug 2023 - 12:56 pm

Meesho has become one of the few startups in India’s fledgling e-commerce industry to turn a profit, helped by cost cuts that included...

Profits at Warren Buffett's firm reach $36B as stocks surge and its insurance holdings perform well 05 Aug 2023 - 08:03 pm

Omaha, Nebraska:Profits rebounded at Warren Buffett's conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit...

Morgan Stanley reaches 70% of $1 trillion ESG funding goal 04 Aug 2023 - 06:20 pm

Morgan Stanley said it’s more than two thirds of the way towards achieving its target to finance $1 trillion of low carbon and...

Morgan Stanley joins Goldman, Lazard in opening Munich office 03 Aug 2023 - 04:38 pm

Morgan Stanley plans to set up shop in Munich to boost coverage of the city’s buoyant industrial and tech scene, following peers such...

Warren Buffett buying treasuries regardless of US downgrade by Fitch 03 Aug 2023 - 04:31 pm

It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US. "Berkshire bought $10 billion in US Treasuries last Monday....

Zelda, Mario movie boost Nintendo profits 03 Aug 2023 - 11:27 am

Tokyo: Nintendo reported on Thursday a 52 percent jump in first-quarter net profits thanks to brisk sales of its latest "Zelda" game and...

AFP sues Musk's X over copyright 02 Aug 2023 - 08:48 pm

AFP news agency launched a copyright case in France on Wednesday against social media giant Twitter, recently rebranded X, part of a global...

UBS to close Credit Suisse's crossfinder trading platform in latest cuts 02 Aug 2023 - 05:12 pm

UBS Group AG is winding down the electronic-trading platform it inherited from Credit Suisse as the Swiss bank looks to shed more assets...

MrBeast sues food delivery partner over ‘inedible’ burgers 01 Aug 2023 - 10:52 pm

James Donaldson, a YouTube star better known as MrBeast, has sued his partner in a food delivery business saying the company sacrificed quality...

Uber falls as focus shifts from first profit to slow growth 01 Aug 2023 - 06:15 pm

Uber Technologies Inc. reported its first-ever operating profit, but the shares slid as Wall Street questioned whether the company can maintain the pace...

Pfizer trims 2023 revenue outlook as profits tumble 01 Aug 2023 - 03:53 pm

New York: Pfizer reported a steep drop in profits Tuesday on much lower Covid-related revenues as it curtailed its full-year sales outlook, in...

Banking tycoon Kotak’s succession is under regulator review, sources say 31 Jul 2023 - 08:46 am

India’s banking regulator is nudging Kotak Mahindra Bank Ltd. to select someone outside the lender’s ranks to succeed billionaire founder Uday Kotak as...

European Central Bank could hike rates or pause at next meeting: Lagarde 30 Jul 2023 - 07:38 pm

Frankfurt, Germany: The European Central Bank could hike interest rates again or pause at its next meeting and any decision will depend on...

British Airways parent IAG flies back to profit 28 Jul 2023 - 10:58 am

London: IAG, parent ofBritishAirways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting...