Latest business news
Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion, in the first major move under new CEO Lip-Bu Tan to revive the struggling American chipmaker. The deal, announced on Monday, values Altera at $8.75 billion, a sharp decline from the nearly $17…
Auto Stocks: The earnings performance of most Original Equipment manufacturers (OEMS) is likely to remain muted during the January-March 2025 quarter or Q4FY25. The passenger vehicle sales growth remains in the slow lane as does that of two wheelers. The commercial Vehicles and tractor sales too have been a mixed bag. In the back drop…
South Bow laid off 2 crude traders on April 4, sources say It seeks to hike contracted volumes on its pipeline systems South Bow sees marketing unit EBITDA down $30 million in 2025 HOUSTON, April 11 (Reuters) – Calgary-based pipeline company South Bow has cut the size of its crude trading team as it seeks…
Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran’s oil exports as part of an effort to bring the Islamic Republic to terms over its nuclear program. Brent crude futures settled at $64.76 a barrel, up $1.43, or 2.26%….
Indian stock market: Defying weakness in the broader market, Indian FMCG stocks traded in the green on Wednesday, April 9, as investors reacted positively to the RBI’s repo rate cut and downward revision of the inflation forecast, raising optimism that it would boost consumer goods volumes in the new fiscal year. Amid this positive sentiment,…
Expert view on markets: Sanjay Chawla, CIO – Equity at Baroda BNP Paribas Mutual Fund, believes RBI rate cut and government support may ensure a recovery in growth and earnings for FY26 over FY25. In an interview with Mint, Chawla spoke about market triggers, RBI rate cuts, mid and small-cap segments and sectors. Here are…
UBS Global Wealth Management cut the S&P 500’s 2025 target to below the 6,500 mark, widely mirroring actions from other Wall Street firms including Barclays and Goldman Sachs, due to the economic impact of U.S. tariffs. The wealth management unit of European bank UBS, cut its year-end index target to 6,400 from 6,600 even as…
