Wesfarmers profit beats estimates but consumer caution hits shares
Wesfarmers posts 8% profit rise but warns on consumer spending, sending shares to three-month low.
Business
Qantas Bolsters Europe Flights, Maps Out A380 Phase-Out
Qantas adds Europe frequencies to avoid Middle East hubs, plans A380 retirements from 2028, and eyes new widebody options.
Dollar Holds Near Eight-Day High as US Inflation Data Bolsters Fed Hike Bets
The dollar stayed near an eight-day high after US PCE inflation came in slightly above forecasts, keeping Fed hike bets alive.
Nvidia projects 70% revenue surge, signals AI boom far from over
Nvidia forecasts 70% revenue growth next fiscal year, easing fears of an AI spending slowdown.
Qantas to Retire A380s Early, Sees Revenue Growth Despite Profit Dip
Qantas reports 14% profit decline due to fuel costs, but upbeat revenue outlook and early A380 retirement plans lift shares.
Sempra Files for Permits to Add Four LNG Trains at Port Arthur
Sempra's Port Arthur LNG unit has begun federal permitting for a four-train expansion that could add 27 mtpa of export capacity.
Salesforce lifts annual outlook, deepens AI tie-up with Anthropic
Salesforce raised its annual revenue and profit guidance and expanded its AI partnership with Anthropic, sending shares up 14%.
HP's PC Shipment Decline Overshadows Strong Revenue Growth
HP's Q3 PC shipments fell 16% as memory costs outpaced price hikes, overshadowing 12.5% revenue growth and sending shares down 9%.
Vale explores recovering rare earths and gold from mining waste
Vale is studying extraction of rare earths, gold and other minerals from mining waste, with early results promising.
Passive fund assets hit record Rs 15.15 lakh crore in July on steady inflows
Passive AUM touched a record Rs 15.15 lakh crore in July 2026, driven by steady inflows. 67% of assets are linked to SEBI's CAS framework stocks.
Tongwei Reports H1 Net Loss of 5.1 Billion Yuan
Tongwei Co Ltd reported a first-half net loss of 5.1 billion yuan ($758.91 million), citing challenging market conditions.
European shares steady as investors await Nvidia results, oil slips on Hormuz hopes
European shares were little changed as markets braced for Nvidia's earnings and a US inflation report, while oil prices fell on hopes of Strait of Hormuz reopening.
EGA Brings Quarter of Al Taweelah Smelter Back Online After March Attack
EGA restarts 315 cells at Al Taweelah smelter post-Iran attack; full production expected Q1 2027.
SIDBI and Regional Rural Banks to Widen Co-Lending for MSMEs
SIDBI and 28 RRBs plan to expand co-lending, using a digital platform to speed up MSME loan disbursals in rural areas.
WiseTech Global Shares Plunge 10% as e2open Costs Hit Annual Profit
WiseTech Global's shares fell over 10% after annual profit missed estimates, weighed by e2open acquisition costs.
AvenuesAI Q1 Revenue Doubles as Company Pivots to AI-Led Growth
AvenuesAI's Q1 FY27 revenue more than doubled to ₹2,680.4 crore. The company is now focusing on US expansion, Rediff's ecosystem, and AI-driven transaction intelligence.
China's Deflation Eases, But Fitch Warns of Demand-Led Price Risks
Fitch says China's deflationary pressure has softened, but weak domestic demand and labour market risks could reignite price declines.
Hong Kong Court Allows Evergrande Liquidators' Claim Against PwC International
A Hong Kong court has dismissed PwC International's application to be excluded from a negligence claim by Evergrande's liquidators.
Copper slips from six-month high as US inflation data looms
Copper prices eased after touching a six-month high, as economic concerns and upcoming US inflation data weighed on industrial metals.
Asia-Pacific airlines likely to hold fares high despite easing fuel prices: S&P
S&P says Asia-Pacific airlines, including Indian carriers, may keep fares high as demand stays resilient despite easing jet fuel prices.