Auto retail sales pick up in August on festive demand, supply gains
Passenger vehicle and two-wheeler retail demand strengthened in August, aided by the Onam festival and improved supply chains.
Business
Taiwan prosecutors search Unimicron over suspected origin fraud
Taiwan prosecutors searched Unimicron offices over suspected false 'Made in Taiwan' labels on China-made circuit boards, part of a crackdown on origin washing.
OpenAI to Cut Cursor's Direct Model Access After SpaceX Takeover
OpenAI ends Cursor partnership post SpaceX acquisition; direct model access ceases Nov 12.
China's Top Memory Chipmaker CXMT Files Lawsuit Against Pentagon Over Military List
China's leading DRAM chipmaker CXMT is suing the Pentagon to overturn its 'Chinese military company' designation, arguing the decision is baseless and harmful.
Gold Steady as Markets Await Fed Chair's Jackson Hole Address
Gold prices dipped slightly in Asian trade as investors awaited Fed Chair Kevin Warsh's speech at Jackson Hole, with rate hike expectations in focus.
Air New Zealand trims annual loss as engine crisis eases
Air New Zealand's annual pretax loss narrowed to NZ$336 million, beating forecasts, as engine disruption eases.
IREN Secures $2.8B Financing and AI Lab Contract as Shift From Bitcoin Weighs on Earnings
IREN signs multi-year AI lab deal, secures $2.8B financing, but posts $684M quarterly loss on bitcoin hardware retirement.
Mallya Questions Debt Recovery Figures, Seeks Retired Judge Probe
Vijay Mallya disputes recovery figures, cites IBC settlement, seeks retired judge probe.
Activist Fund Flashlight Capital Proposes Takeover of Samsung Affiliate S1 Corp
Flashlight Capital proposes buying Samsung units' 20.6% stake in S1 Corp for 906.6 billion won, eyeing control.
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.
NVIDIA Q2 Revenue Jumps 106% as AI Compute Demand Accelerates
NVIDIA reported Q2 revenue of $96.2 billion, up 106% year-over-year, and issued strong guidance as AI infrastructure demand accelerates.
Gold Steadies as Markets Await Fed Chair's Jackson Hole Address
Gold prices edged higher on Thursday, recovering from a sharp drop, as investors turned attention to Fed Chair Kevin Warsh's upcoming speech at Jackson Hole.
Qantas flags A$3.6bn fuel bill, trims domestic capacity
Qantas expects A$3.6bn fuel costs in 1H FY27, trims domestic capacity 3%, and outlines fleet and loyalty growth plans.
Nvidia in Talks to Acquire AI Platform Hugging Face for Over $13 Billion
Nvidia is in serious talks to buy Hugging Face in a deal valued above $13 billion, per a person familiar with the matter.
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.
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.
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.
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.
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.
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%.