Asian refiners seek to avoid picking Saudi crude from Red Sea
Asian refiners are asking Saudi Aramco to let them collect crude from Egypt instead of the Red Sea port of Yanbu, after Houthi attacks on shipping in the region. At least two…
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Accenture CEO Julie Sweet asks staff to defer vacation for Q4
Accenture CEO Julie Sweet has urged employees to help deliver a stronger fourth quarter, making a one-time change to its vacation policy that allows staff to carry unused leave into the next…
BSE shares slide 10% in five days on downgrades from Jefferies, Nuvama
BSE shares fell for a fifth consecutive session on Tuesday, dropping over 10% in five days, after brokerage Nuvama downgraded the stock to 'Hold' and slashed its target price to Rs 3,240,…
Secret oil shipments through Strait of Hormuz keep prices in check
Bloomberg reports that Middle Eastern oil producers have been secretly shipping fossil fuels through the Strait of Hormuz for months, with vessels turning off their transponders to avoid detection. The covert trade,…
Apple said to save major iPhone redesign for 2027 20th anniversary
Apple's iPhone 18 Pro Max, expected in September 2026, will retain a similar design to current models, according to reports. Bloomberg's Mark Gurman says Apple is following a strategy akin to the…
Stripe buys AI startup OpenRouter for over $7 billion
Payment processing firm Stripe Inc. has finalised an agreement to acquire OpenRouter Inc., a startup that helps companies switch between AI models, for more than $7 billion, Bloomberg reported citing people familiar…
Gold Nears $4,400 as US Data Stokes Rate-Cut Hopes
Gold prices edged toward $4,400 an ounce as traders assessed the Federal Reserve's interest-rate path after fresh US data showed cooling consumer sentiment and retail sales. The University of Michigan's preliminary August…
China excited about AI, US wary; trust gap widens sharply
A new report reveals a stark divide in how China and the United States view artificial intelligence. According to Stanford University’s AI Index, 84 per cent of people surveyed in China said…
Tata Sons chairman Chandrasekaran to step down in February
Natarajan Chandrasekaran will step down as chairman of Tata Sons when his term ends in February, after months of board deadlock. A director had opposed extending his tenure, Bloomberg reports. The decision…
Traders pile into bullish Taiwan dollar options after July rout
Bloomberg reports that currency traders are increasing bullish options bets on the Taiwan dollar following its worst July since 2015. Demand for dollar-Taiwan dollar put options, which profit when the US currency…
