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.
Business
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.
Corn Futures Hold Near Three-Year High as US Crop Ratings Slip
Chicago corn futures held near three-year highs after US crop ratings fell more than expected, while wheat stayed firm and soybeans edged lower.
Coles shares slip as Woolworths collectibles campaign slows sales start
Coles' fiscal 2027 sales growth missed estimates after Woolworths' collectibles campaign dented early supermarket sales; shares hit 12-week low.
Oil prices hold steady as Iran sanctions and tanker attack offset supply fears
Oil prices steadied after a 2% drop, as investors weighed expanded US sanctions on Iran against a tanker attack near Oman.
Tokio Marine weighs takeover of Australian insurers, FT reports
Tokio Marine is reviewing Australian insurer takeover targets, reportedly favouring Suncorp over IAG. Shares of both firms rose nearly 4% on the news.
Dollar Holds Steady as Iran Sanctions and Bond Buyback Plans Weigh
The dollar is flat against major peers as investors weigh expanded Iran sanctions and Treasury's plan to buy back longer-dated bonds.
Asia stocks slip as tech jitters grip markets ahead of Nvidia earnings
Asian shares fell on tech sector nerves ahead of Nvidia results, while oil prices slipped after US Iran sanctions threat underwhelmed.
Tokio Marine weighs bids for Australian and Canadian insurers
Tokio Marine is reviewing acquisition targets including Australia's IAG and Suncorp and Canada's Intact Financial, with Suncorp as the preferred pick.
Gold Scales Fresh Highs as Treasury Buyback Plan Fuels Rally
Gold extended its rally to a four-month high, driven by the US Treasury's expanded buyback program, as investors await key inflation data and Fed guidance.
SK Hynix union narrowly rejects wage deal amid AI chip boom
SK Hynix union members reject tentative wage deal by a narrow margin, voting 50.08% against the 6.3% pay rise and bonus revision.
Blackbird Raises A$1.05 Billion for Australia, NZ Tech Bets
Blackbird, an early Canva investor, has raised A$1.05 billion to back tech and AI firms in Australia and New Zealand.
Woodside Energy beats profit forecasts as Middle East tensions lift oil prices
Woodside Energy's first-half profit edged past estimates on higher oil prices, prompting a dividend hike and a new cost-cutting target.
Alibaba shares slide 8% after record $10.2 billion Hong Kong share sale
Alibaba's shares dropped 8% in Hong Kong after a $10.2 billion share placement priced at a discount, with proceeds earmarked for AI infrastructure.
KOSPI slides 1.3% as Samsung's payout plan underwhelms investors
South Korea's KOSPI fell 1.31% as Samsung Electronics tumbled 6.31% on a smaller-than-expected shareholder return plan, while the won strengthened.
Dollar wavers near multi-month lows as Treasury buyback plan spooks markets
The dollar hovers near multi-month lows as Treasury's long-bond buyback plan fuels debasement worries, with traders eyeing key speeches and sanctions.
UAW Members Reject John Deere's Contract Extension Proposal
UAW members at John Deere voted to reject the company's proposal to extend the existing labor contract through 2029.
Hormuz crude debate masks Asia's real refined fuel shortage
Asia's refined fuel imports are down 21% since February, with poorer nations bearing the brunt, even as the crude transit debate continues.
Asian Shares Steady as Investors Await Iran Sanctions and Nvidia Results
Asian shares were flat on Monday as investors awaited U.S. Iran sanctions details, Nvidia earnings, and Fed comments.
Gold Climbs to Three-Month High as Markets Await US Inflation Data
Gold prices hit a three-month high on Monday, driven by a weaker dollar and safe-haven demand ahead of US inflation data and Fed Chair speech.