Wheat Futures Steady as Black Sea Shipping Risks Offset Ample Supplies
Chicago wheat stabilizes after recent lows as traders assess Black Sea attacks and await US jobs and crop reports.
Business
Vistra Q2 Profit Dips on Hedging Losses Despite Strong Power Demand
Vistra's Q2 net income fell to $305M on $472M unrealized hedging losses, though adjusted EBITDA rose 31% to $1.77B.
SK hynix approves $39.4 billion plan for new AI memory chip fabs
SK hynix's board approved a 54 trillion won investment for new fabs in Yongin and Cheongju, targeting AI memory demand through 2030.
Global food prices tick up in July on costlier cereals, oils, sugar
FAO's food price index rose 0.6% in July, led by cereals, vegetable oils, and sugar, while meat and dairy fell.
Lok Sabha Passes Bill Exempting Foreign Investors in Govt Bonds from Income Tax
Lok Sabha passes bill exempting FIIs from income tax on interest and capital gains from government securities, effective April 1, 2026.
Global stocks steady ahead of US jobs data; oil slips despite Gulf tensions
Global shares head for best week since May as markets await US jobs data that could sway Fed policy; oil eases despite Middle East tensions.
Raw Sugar Hits Four-Month High as Global Supply Fears Mount
ICE raw sugar futures climbed to a four-month peak on Friday, driven by concerns over EU and Asian crops and tight Indian supplies.
GeM Marks 10 Years, Crosses Rs 20 Lakh Crore in Cumulative Procurement
GeM completes a decade, surpassing Rs 20 lakh crore in cumulative GMV, driven by rapid adoption and a focus on transparency and inclusivity.
German auto suppliers' debt load deepens as China gap widens
German auto suppliers face rising debt and interest costs, falling behind global rivals amid Chinese competition.
US Firms Battle Surge in Cyberattacks as White House Plan Stalls
US companies face a wave of cyberattacks in 2025, from ransomware to data theft, as the White House's AI security coordination plan remains stalled.
Indian bonds post first weekly gain in five on RBI stance, softer crude
Indian government bonds ended flat on Friday but logged their first weekly rise in five, aided by a dovish RBI and lower crude prices.
Take-Two Reaffirms Annual Outlook, Confirms GTA VI November Launch
Take-Two Interactive maintains its annual bookings forecast and confirms GTA VI's November 19 launch, despite analyst expectations.
JBS and Indonesia's Danantara to Launch Protein Joint Venture
JBS and Indonesia's Danantara form a joint venture with a $2.5 billion investment to expand protein production across Indonesia, Australia, and New Zealand.
UK regulator wants Aldi and Lidl bound by same land rules as big grocers
CMA proposes bringing Aldi and Lidl under land agreement rules to ensure fair competition and shopper choice.
Dollar Set for Weekly Gain as Iran Uncertainty and US Jobs Data Loom
The dollar is poised for a weekly rise as traders await US payrolls and weigh Iran deal uncertainty.
Five charts: Yen intervention, refining margins, and a SpaceX capex shock
This week's charts cover US yen intervention, record refining margins, hot nominal GDP, shifting EV trade flows, and SpaceX's AI capex surge.
Inpex lifts annual profit outlook to record on oil prices, LNG output
Inpex raised its full-year net profit forecast to a record ¥510 billion, citing higher oil prices and robust Ichthys LNG output.
JBS and Indonesia Wealth Fund Arm Agree $2.5 Billion Protein Venture
JBS will form a joint venture with Indonesia's Danantara, contributing its Australia and New Zealand operations to a $2.5 billion protein investment platform.
L&T expects defence unit revenue to triple in five years
L&T's Precision Engineering and Systems unit, which makes drones, expects revenue to triple in five years as it expands capacity.
Reliance pays record freight to charter supertanker for Iraqi crude
Reliance Industries has paid a record $23-25 million to charter a supertanker to lift Iraqi crude, reflecting soaring freight costs and limited vessel availability in the Gulf.