China's July crude imports rebound from June low on Hormuz window buying
China's July crude imports rose 22% from June's near-decade low, driven by opportunistic buying after the Strait of Hormuz briefly reopened.
Business
RBI's proposed revolving credit curbs may hit NBFC flexi loans: Morgan Stanley
Morgan Stanley says RBI's draft curbs on revolving credit could impact NBFC flexi loans, but firms may adapt.
Indian Bonds Slip as Oil Spike and Fresh Debt Supply Weigh
Indian government bond yields rose on Friday as higher oil prices and a fresh debt auction dampened sentiment, though RBI's dovish stance offered support.
Coles moves corporate roles to Accenture in cost-cutting push
Coles will transfer some corporate roles to Accenture teams locally and overseas to cut costs amid intensifying retail competition.
Hero MotoCorp Shares Climb as Analysts Applaud Cost-Cutting Push
Hero MotoCorp shares rose ~3% as analysts backed its cost controls and product mix to offset commodity price pressure.
Britannia Shares Jump as Profit Beats, Demand Outlook Brightens
Britannia's shares rose 4.7% after strong Q1 profit and resilient demand signals, with analysts reaffirming growth outlook.
Daimler Truck to Launch Second €1.1 Billion Buyback Tranche
Daimler Truck will start the second €1.1 billion buyback tranche by mid-September, following improved U.S. conditions and a raised profit outlook.
Singapore Banks Lean on Wealth Boom as Rate Pressure Bites
Singapore's top banks offset lower lending margins with record wealth management income, with OCBC and UOB beating profit estimates.
Warsh's Quiet Fed Faces First Big Test With July Jobs Data
Friday's July jobs report will test markets' read on Fed Chair Warsh's less-guidance stance, which has already pushed long-term yields to multi-year highs.
Rupee Holds Near One-Month High as RBI Steps In to Curb Oil-Led Pressure
The rupee stayed near a one-month high on Friday, supported by likely RBI intervention that countered rising oil prices and Middle East tensions.
China, Hong Kong Stocks Climb as July Exports Beat Forecasts
Chinese and Hong Kong equities advanced Friday after July trade data beat expectations, led by a surge in semiconductor exports.
ICICI Bank, Axis Bank Return to Dollar Debt Market With $300 Million Each
ICICI Bank and Axis Bank are raising $300 million each via dollar bonds, their second offshore debt sale in under two months.
Global Markets Tread Water Ahead of Pivotal US Jobs Report
Markets are quiet ahead of the US jobs report, with rate hike odds near 50-50 and forecasts ranging widely from 10,000 to 140,000 jobs.
Thyssenkrupp shareholders vote on materials unit spinoff
Thyssenkrupp shareholders vote on spinning off 49% of materials trading unit tk accelis, its largest division by sales.
Hormuz traffic falls to 33 vessels as Iran-Oman talks watched
Vessel transits through the Strait of Hormuz fell to 33 this week from 50, as markets monitor Iran-Oman talks on reopening the waterway.
Britannia shares jump 4.3% as Q1 profit growth beats expectations
Britannia Industries shares rose 4.3% to ₹5,636 after Q1 profit jumped on strong volumes, marking the biggest intraday gain since May 2024.
Yuan Holds Near 3-1/2-Year High as July Exports Beat Forecasts
China's yuan stays near a 3-1/2-year high after July exports beat expectations, supporting the currency's sixth straight weekly gain.
China's July crude oil and soybean imports fall, iron ore rises
China's July crude oil and soybean imports fell year-on-year, while iron ore rose. Exports beat forecasts.
Parliamentary Panel Urges IRDAI to Speed Up Risk-Based Capital, GST Review
A parliamentary panel has asked IRDAI to fast-track the risk-based capital framework and urged the government to rationalise GST on insurance to improve affordability and penetration.
China's July Soybean Imports Dip 1.6% on Feed Demand Worries
China's July soybean imports fell 1.6% year-on-year to 11.48 million tonnes, pressured by lower feed demand expectations and a high base from last year's trade-war buying.