British banking major Barclays Plc. is planning to cut costs by as much as 1 billion pounds or $1.25 billion over several years through various measures including up to 2,000 job cuts, Reuters reported citing people with knowledge of the matter. The planned job cuts mainly would be in the […]

Chinese PC and mobile maker Lenovo Group is recalling USB-C laptop power banks citing risk for fire, the U.S. Consumer Product Safety Commission said. About 2,850 units were sold in the United States and about 510 units were sold in Canada. The recall involves the Lenovo USB USB-C Laptop Power […]

After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable […]

After reporting a spike in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday showing durable goods orders pulled back by much more than expected in the month of October. The Commerce Department said durable goods orders plunged by 5.4 […]

Relief at the more-than-expected decline in inflation in the U.S. as well as U.K. triggered relief rallies across asset classes. Data from China that revealed a more-than-expected uptick in industrial production as well as retail sales also added to the positive sentiment. Wall Street Futures portend strong gains. European benchmarks […]

The tamer than expected U.S. inflation data in October raised hopes the US Fed will not hike interest rates soon to keep Asian stock markets in the green on Wednesday, following the broadly positive cues from the global markets overnight. With the U.S. inflation on a downward trajectory, further rate […]

Retailer Abercrombie & Fitch Co. (ANF), while reporting higher third-quarter results, on Tuesday said it sees increased operating margin and sales in its fourth quarter. The company further raised its forecast for fiscal 2023. In pre-market activity on the NYSE, the shares were losing around 5.4 percent to trade at […]

Kyle Vogt, CEO and Co-Founder of Cruise LLC, the autonomous vehicle company owned by General Motors, has resigned from his role amid an ongoing safety review of its U.S. fleet, reports said citing an email to the staff. Following a pedestrian crash in San Francisco on October 2, the state […]

Mankind remains focused on transitioning more products from Rx to OTx and over the counter, aiming to launch multiple products with high growth potential. Pharmaceuticals major Mankind Pharma reported a 21 per cent year-on-year (Y-o-Y) increase in net profit, with revenue rising by 12 per cent Y-o-Y in the second […]

After an early move to the upside, stocks have given back ground over the course of the trading day on Friday but remain mostly positive. The advance on the day comes after the major averages came under pressure in the latter half of the previous session. Currently, the major averages […]