Business
Tata Sons Adjourns AGM for First Time Since 1917
A regulatory freeze on the Sir Ratan Tata Trust left the company unable to reach quorum, and the same block prevents the committee that must choose a new chairman.
Category: Business
Markets, trade, labour and the companies whose decisions cross borders.
Tata Sons Chairman Resigns After Board Deadlock
N Chandrasekaran has stepped down after nine years, six days before a contentious AGM, with Tata group stocks losing about 26,800 crore rupees in…
Judge Pauses Paramount Takeover of Warner Bros
Twelve state attorneys general have sued over the $111bn acquisition, halting a deal that had already cleared shareholders and the Justice Department.
Ras Al Khaimah Draws Dh771m in New Investment
The northern emirate registered 967 new establishments in the first half, drawing 1,399 investors from 68 nationalities as tourism and construction expand.
US Economy Sheds 23,000 Jobs in July Reversal
Payrolls fell against forecasts of an 83,000 gain, with May and June revised down by 103,000 and participation at its lowest level in more…
White House Revives Bid to Remove Fed Governor
Lisa Cook has 21 days to answer unproven mortgage fraud claims, weeks after the Supreme Court let her keep her seat while she contests…
Gulf Route Flights Cut as UAE Disruption Continues
Cancellations persist on Bahrain, Kuwait and Doha services from Dubai, Abu Dhabi and Sharjah, with EASA extending its conflict zone bulletin to 31 August.
S&P 500 Earnings Growth Set for 47% in Second Quarter
FactSet expects second-quarter growth of 47.5%, nearly three times the five-year average, in what would be a seventh straight double-digit quarter for the index.
SpaceX Revenue Up 92% but Capex Sends Shares Down
The rocket company beat on revenue and earnings in its first report since listing, but disclosed $18.4bn of quarterly capital spending aimed at AI…
Eli Lilly Revenue Jumps 48% on Obesity Drug Sales
Second-quarter revenue reached $22.97bn and adjusted earnings beat consensus by $2.37 a share, as Mounjaro sales rose 91% and the company lifted its outlook.
Dow Closes at Record as Oil Slides on Iran Hopes
The Dow gained 907 points to a record and the S&P 500 hit its first high since June, after Bessent said a Hormuz deal…
Dollar Drops Against Yen After US and Japan Confirm Rare Joint Intervention
Tokyo and Washington say they bought yen jointly on Friday after the currency hit a 40-year low. The dollar fell about 1 per cent…
Kospi Falls 5% as Chip Rally Unwinds Across Asia
Seoul gave back much of Friday's record 17.9% rally as Samsung and SK Hynix fell near 9%, while yen intervention pushed Japan's Nikkei down…