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2034 World Cup, Indonesian soccer leader Erick Thohir said on Wednesday that his federation now supports Saudi Arabia. Thohir's change of plan was detailed in a statement on the Indonesian soccer federation website hours before an online meeting of the Asian Football Confederation, whose 47 members include Australia, Indonesia and Saudi Arabia. During the meeting, FIFA President Gianni Infantino urged AFC members to «be united for the 2034 World Cup.» Infantino has long been a close ally of Saudi soccer and the kingdom's Crown Prince Mohammed bin Salman, and FIFA's surprise decision two weeks ago to fast-track bidding for the 2034 men's tournament was seen as favourable for them.

WASHINGTON (Reuters) — U.S. single-family homebuilding rebounded sharply in September, boosted by demand for new construction amid a dearth of previously owned homes, but the highest mortgage rates in nearly 23 years could slow momentum.

By Niket Nishant, Tatiana Bautzer and Manya Saini

China's semiconductor industry, Chinese manufacturers of tools used to make chips are benefiting, with orders from the country's foundries accelerating in recent months. Domestic equipment manufacturers, such as toolmaker Naura and etching equipment maker AMEC, are winning a much higher proportion of tenders from Chinese foundries than in previous years, as chipmakers race to replace foreign-made equipment with domestically made alternatives, research showed.

Bajaj Auto on Wednesday reported that its standalone net profit for the quarter ended September stood at of Rs 1,836 crore, which is higher by 20% compared with Rs 1,530 crore reported in the same quarter last year. Revenue from operations rose 6% year-on-year to Rs 10,777 crore in the reporting period as against Rs 10,203 crore in the corresponding period of previous year. While the profit figure was higher than the ET Now Poll estimate of Rs 1,771 crore, revenue came in slightly below. The company said revenue growth was underpinned by double-digit volume growth, with the sustained buoyancy on the domestic front cushioning the weak, albeit improving exports performance. At Rs 2,133 crore, quarterly EBITDA surpassed the Rs 2,000 crore milestone for the first time, showing growth of 21% YoY. Margin for the quarter came in at at 19.8%, up 260 bps YoY, driven by better realisation and a richer product mix, which more than covered the drag arising from investments on growing electric scooters. The domestic business registered a new peak during the second quarter, on the back of six successive quarters of double-digit YoY growth. This was supported by a broad-based performance, most notably the sustained competitive growth on 125 cc+ motorcycles and the further acceleration of three-wheeler sales that delivered its highest ever quarter. Domestic two-wheeler sales dropped 19% to 5.05 lakh units, and domestic commercial vehicle sales jumped 81% to 1.32 lakh units.

“Tax the rich” has been a popular rallying cry for many people who feel victimized, entitled or have a weak understanding of how Canada and other countries tax their residents and redistribute income.

Canada’s inflation rate cooled more than expected in September to an annual pace of 3.8 per cent in a broad-based easing that economists say should give the Bank of Canada reason to hold interest rates when it meets next week.

Signs that housing market sentiment in Canada is heading south fast came in the latest real estate numbers out Friday.

Gold jumped to the highest level in four weeks as the intensifying conflict in the Middle East bolstered haven demand, with hopes for a diplomatic resolution deteriorating after a deadly explosion in Gaza.

UBS Group AG and two major Chinese lenders have been drawn into one of Singapore’s largest money laundering cases, as a police affidavit showed that an alleged fugitive involved had stashed millions at the banks.

symphony is over! For David Solomon, CEO by day and DJ by night, the music has stopped, literally. Solomon, the Chief Executive Officer of Goldman Sachs, doubled up as a high-profile party DJ in his time away from the boardroom. But that musical soiree is now over for this corner-office occupant after the bank's board showed concerns at the adverse attention that his non-work stint was drawing.

Zensar Technologies, a mid-sized IT services company and part of the RPG Enterprise Group, dropped 5.6% to ₹519.25 apiece during Wednesday's trade after the company posted its Q2 FY24 earnings. The company posted a consolidated net profit of ₹174 crore, a 205% surge compared to ₹57 crore posted in Q2 FY23. On a QoQ basis, net profit showed an 11.53% increase, while revenue growth remained relatively flat, with a slight YoY uptick of 0.5% and a QoQ increase of 1.1% to reach ₹1,240 crore.

₹5,077 crores, grew by 18% YoY and 4% QoQ. The Net Interest Margin for Q2 of FY 2024 stood at 4.29% against 4.24% for Q2 of FY 2023 and 4.29% for Q1 of FY 2024. Yield on Assets stands at 9.69% for the quarter ended September 30, 2023 as against 8.65% for the corresponding quarter of previous year.

MILAN (Reuters) — Investors have turned bearish again in October, boosting cash levels to 5.3% from 4.9% during the previous month and keeping a neutral allocation to stocks, a BofA survey showed.

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The price of Shiba Inu (SHIB) has fallen by 2% in the past 24 hours, with its dip to $0.00000690 coming as the cryptocurrency market barely moves in either direction.

The price of Cardano (ADA) has fallen by 1.5% in the past 24 hours, with its drop to $0.246034 coming on a day when the wider market remains largely flat.

Investing.com — U.S. President Joe Biden heads to Israel, while crude prices soar as a missile explosion on a Gaza hospital esclated tensions in the Middle East. The earnings season continues with results due from Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA), while Chinese GDP expanded by more than expected in the third quarter.

United Spirits Ltd. traded 2.52 per cent down at Rs 1059.3 at 02:05PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 370.91 points to 66057.18. The stock had closed at Rs 1086.7 in the previous session.

Syngene Q2 results: Syngene International has cut its FY24 growth guidance to mid-teens on a constant currency basis compared to earlier guidance of high-teen growth. The share price of Syngene corrected more than 7%. The challenges are posed in the Discovery Sciences segment.

MphasiS Ltd. traded 1.34 per cent down at Rs 2259.85 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 429.88 points to 65998.21. The scrip had settled at Rs 2290.75 in the previous session.