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India's Reliance in talks to buy Tata Play stake from Disney - Business Standard
BENGALURU (Reuters) — India's Reliance Industries is in talks to buy Disney 's (N:DIS) stake in satellite TV provider Tata Play, the Business Standard newspaper reported on Thursday, as billionaire Mukesh Ambani's firm seeks to bolster its media presence.
15.02 / 06:48
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Stellantis operating profit down 10% in H2 due to N. America strikes
MILAN (Reuters) — Stellantis (NYSE:STLA) said on Thursday its operating profit fell 10% in the second half of last year when six-week strikes at the 'Detroit Three' automakers caused long stoppages at the group's operations in North America, its profit powerhouse.
15.02 / 03:59
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Nvidia overtakes Alphabet to become third most valuable US company
Also Read: Wall Street Regains Footing After CPI-Fueled Rout: Markets Wrap Customers face shortages of Nvidia's top-of-the-line components while AI developers face months-long waiting lists to use its processors through cloud-computing providers, Reuters reported. Technology-related companies, including Microsoft and Meta Platforms, have also rallied to record highs on AI optimism.
15.02 / 01:37
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Japan's economy slips into recession, raises BOJ policy uncertainty
Japan's economy slipped into a recession as it unexpectedly shrank for a second straight quarter on weak domestic demand, data showed on Thursday, raising uncertainty about the central bank's plans to exit its ultra-easy policy sometime this year. The surprisingly weak performance saw Japan lose its title as the world's third-largest economy, replaced by Germany.
15.02 / 01:33
14.02 / 23:43
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Shipping giant Maersk says Red Sea diversions could stretch into second half of 2024
Retired U.S. Army Blackhawk helicopter pilot Lt. Col. Darin Gaub says the only hope to mitigate conflict in the Middle East is for Israel to uphold its defense.
14.02 / 20:39
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China, US-led global refill of depleted oil stocks seen buoying demand
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14.02 / 11:51
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Oil prices fall on sticky inflation, bigger-than-expected US crude stock build
Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures fell 29 cents, or 0.4%, to $82.48 when the market opened at 0000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.3%, to $77.65 a barrel.
14.02 / 01:51
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Alaska Air flight attendants authorize strike mandate amid pay demands
United States, the UK and Guam on Tuesday. Picketing members included cabin crew from 24 airlines including Alaska, Southwest Airlines, United Airlines and American Airlines. Shares of Alaska Air fell 2.1% in afternoon trade.
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