Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading. The company projected increased capital spending next year. The online retailer benefited as businesses contin
India is planning to allow direct foreign investment in state-run banks of up to 49 per cent, more than double current limits, according to a person directly involved in the policy discussions. The finance ministry has been discussing the matter with the Reserve Bank of India (RBI), the country's
As America's tech titans report earnings this week, one question looms large: is the artificial intelligence boom that has inflated valuations headed for the next big bubble? Microsoft (MSFT.O), Alphabet (GOOGL.O), Amazon (AMZN.O), and Meta (META.O) are poised to report that revenue rose at a bris
Several suppliers have cancelled sales of Middle Eastern and Canadian oil to China's Yulong Petrochemical after the UK imposed sanctions on the refiner, which is likely to push it to buy more Russian crude, multiple sources familiar with the deals said. The refiner, China's newest with a cap
United Airlines forecast stronger earnings in the current quarter on Wednesday as it expects rising travel demand and improved pricing power to produce the highest quarterly revenue in the company's history. The Chicago-based airline expects an adjusted profit in the range of $3.00 to $3.50 per sh
Chinese autonomous driving firm WeRide (WRD.O) has hired Morgan Stanley (MS.N), opens new tab and China International Capital Corp (CICC) (601995.SS) to work on a dual primary listing in Hong Kong, three sources with knowledge of the matter said. The Guangzhou-based company, which listed on Nasdaq
Alphabet shares closed more than 9 per cent higher on Wednesday after a US judge ruled against breaking up the Google parent, clearing a major regulatory overhang and adding about $210 billion to the company's market value. The ruling on Tuesday by Judge Amit Mehta allows Google to retain control
US shoppers looking for fake Christmas trees and holiday decor this year will have fewer choices and face higher prices as tariffs on Chinese imports force retailers to scale back orders as they assess how tight customer budgets are. A 90-day extension to a tariff reprieve - agreed to by Washingto
European shares wobbled on Monday ahead of what is likely to be an eventful week for US interest rate policy, as investor attention turned to Washington where Ukraine's Volodymyr Zelenskiy and European leaders will meet Donald Trump. The pan-European STOXX 600 index (.STOXX) was down about 0.2 per
Global stocks traded near record highs on Friday as investors awaited talks between Donald Trump and Vladimir Putin over Ukraine in Alaska and for US retail data that may give clues on the health of the world's biggest economy. The MSCI All Country World Index (.MIWD00000PUS) consolidated recent g
An index of global equity markets rose to a record high for the second straight session on Wednesday, partly underpinned by bullish sentiment on Wall Street as investors positioned for a likely interest rate cut from the US Federal Reserve. The MSCI All Country World Index rose as high as 954.21,
US stock index futures were little changed on Monday as investors geared up for a busy week, while major chip companies seemed caught in the middle of the latest twist in trade policy ahead of a key tariff deadline with China. Semiconductor giant Nvidia (NVDA.O) dropped 1 per cent in premarket tra
Major share indexes around the world crept higher on Monday continuing to grind back towards their late July peaks, with the focus of the week on a crucial report on US inflation that will likely set the course of the dollar and bonds. Europe's STOXX 600 share index rose 0.3 per cent (.STOXX) with
