Category: business
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U.S. Equity Funds Regain Inflows Amid Fed Rate-Cut Hopes and Robust Corporate Earnings
NEW YORK, October 17, 2025 — U.S. equity funds saw a strong rebound in investor inflows during the week ending October 15, reversing a sharp sell-off the week before, as optimism over Federal Reserve rate cuts and solid corporate earnings lifted market sentiment. According to LSEG data, investors poured a net $1.04 billion into U.S.…
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China Eastern Airlines to Resume Shanghai-Delhi Flights as China and India Reopen Direct Air Links
BEIJING, October 18, 2025 — In a major boost to regional connectivity and diplomatic relations, China Eastern Airlines (600115.SS) has announced it will resume direct flights between Shanghai and Delhi from November 9, 2025, marking the end of a five-year suspension of air travel between China and India. According to the airline’s official website, flights…
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Benchmark Mineral Intelligence Cuts 20% of Workforce Amid EV Market Challenges
LONDON, October 18, 2025 — Benchmark Mineral Intelligence, the UK-based research and pricing firm specializing in energy transition minerals, has laid off roughly 20% of its staff, sources familiar with the company confirmed. The move reflects the mounting pressure from a slowdown in the electric vehicle (EV) industry and a steep decline in prices of…
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HDFC Bank Beats Profit Estimates in Q2 as Loan Growth and Trading Income Offset Margin Pressures
MUMBAI, October 18, 2025 — HDFC Bank Ltd (HDBK.NS), India’s largest private lender by market capitalization, reported a better-than-expected profit for the September quarter, buoyed by strong loan growth and higher trading income, even as net interest margins (NIMs) continued to weaken. The bank posted a standalone net profit of ₹186.4 billion ($2.12 billion) for…
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U.S. and China to Hold Malaysia Talks in Bid to Defuse Tariff Tensions
WASHINGTON, October 18, 2025 — U.S. Treasury Secretary Scott Bessent announced that he will meet with Chinese Vice Premier He Lifeng next week in Malaysia to prevent an escalation in U.S. tariffs on Chinese goods. The high-level meeting aims to revive dialogue between the world’s two largest economies amid mounting trade tensions triggered by President…
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Heathrow Considers Former BT Chief Philip Jansen for Chairman Role
LONDON, October 18, 2025 — Former BT Group CEO Philip Jansen, currently serving as Chairman of marketing conglomerate WPP, is reportedly in advanced talks with Heathrow Airport’s board and major shareholders to become the next chairman of the UK’s largest airport, according to a Sky News report published on Saturday. If negotiations are successful, Jansen…
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Oil Prices Set for Weekly Loss as Geopolitical Calm and Oversupply Concerns Pressure Markets
HOUSTON, October 17, 2025 — Oil markets are poised to record their first significant weekly decline in nearly a month, as easing geopolitical tensions and signs of a growing supply glut weigh on investor sentiment. According to Reuters, both Brent crude and U.S. West Texas Intermediate (WTI) saw modest gains on Friday but were on…
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Zaporizhzhia Nuclear Power Plant Repairs Begin After Ceasefire Zones Established, Confirms IAEA Chief Rafael Grossi
October 18, 2025 — Kyiv / London:Repair work has officially begun on the damaged power lines serving Ukraine’s Zaporizhzhia Nuclear Power Plant (ZNPP) after a four-week outage, marking the first tangible progress in restoring external electricity to the site since the escalation of regional fighting last month. According to Rafael Grossi, Director General of the…
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ICICI Bank Q2 2025 Results: Higher-Than-Expected Profit Driven by Lower Provisions
MUMBAI, Oct 18, 2025 — ICICI Bank Ltd. (ICBK.NS), India’s second-largest private lender by market capitalization, reported a stronger-than-expected profit for the quarter ended September 2025, supported by lower provisions against bad loans even as treasury income declined due to volatile bond markets. The Mumbai-based bank posted a standalone net profit of ₹123.59 billion ($1.40…
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IndusInd Bank Reports Net Loss in Q2 2025 After Leadership Transition and Higher Provisions
MUMBAI, Oct 18, 2025 — Indian private lender IndusInd Bank Ltd. (INBK.NS) reported a net loss of ₹4.36 billion ($49.56 million) for the quarter ended September 2025, marking its first quarterly loss under new CEO Rajiv Anand. The results come as the bank strengthens provisions for bad loans and reevaluates its business strategy following a…
 
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