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South African Deputy Minister Quits as $220 Billion Fund’s Chair
South Africa’s deputy finance minister quit as the chairman of a state-owned firm that oversees $220 billion of government pensions, days before he faced being…
US stocks today: Nasdaq plunges 2% as tech earnings spark AI spending worries
Wall Street closed sharply lower with Nasdaq down over 2% as weak Big Tech earnings and rising AI spending concerns hit sentiment. Surging oil prices…
Yen’s Slump Extends Beyond Dollar and Stokes Inflation Fears
While the yen’s plunge to a four-decade low against the dollar has dominated headlines, a broader gauge of the Japanese currency’s health is also flashing…
Tesla short sellers mint $4 billion profit as shares nosedive
Tesla shares plunged up to 15% after weak quarterly earnings, triggering about $4.1 billion in one-day gains for short sellers. Concerns over AI spending, high…
Dollar hits new 40-year high versus yen, euro softer after ECB stands pat on rates
GLOBAL-FOREX/ (UPDATE 6, GRAPHICS):FOREX-Dollar hits new 40-year high versus yen, euro softer after ECB stands pat on rates
Gold falls 2% as Middle East tensions fuel inflation fears, rate-hike bets
GLOBAL-PRECIOUS:Gold falls 2% as Middle East tensions fuel inflation fears, rate-hike bets
Blackstone profits jump, boosted by exits and bets on AI
Blackstone Inc. reported a 26% jump in distributable earnings for the second quarter, buoyed by profits from exits and its artificial intelligence-related investments.
Air India, Saudia sign MoU to expand codeshare, strengthen India-Saudi air connectivity
The agreement aims to boost connectivity, explore terminal co-location, integrate loyalty programmes and identify new commercial opportunities.
Infosys clocks weakest Q1 in six years, picks Dash for CEO
Bengaluru-based Infosys marked a slow start to the fiscal year, even though it met analysts' expectations and outperformed three of its four large rivals. The…
Tesla falls 15%, Alphabet drops 8% as AI spending concerns mount
Tesla shares fell to around $319 following disappointing quarterly earnings, marking their lowest since August 2025. Alphabet also declined despite higher revenue, with concerns about…
Suryoday SFB Q1 profit more than doubles on strong loan growth
Suryoday Small Finance Bank reported a more than twofold rise in first-quarter net profit to Rs 75 crore, driven by healthy business growth. Net interest…
