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ITC Q1 Profit Tops View on Lower Costs, Better Demand

Aug 14 Reuters India39;s ITC Ltd reported a betterthanexpected profit in the first quarter on Monday as it kept a tight lid on expenses and saw strong demand for consumer goods in its urban and rural markets. Net profit at the cigarettestohotels conglomerate rose 17.6 to 49.03 billion rupees 590.28 million in the three months ended […]
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Crypto lender Celsius Sends Bankruptcy Plan to Creditor Vote

NEW YORK, Aug 14 Reuters Crypto lender Celsius Network on Monday received a U.S. bankruptcy judge39;s permission to seek creditor approval for its bankruptcy plan, advancing a proposal to exit Chapter 11 as a new entity owned by its creditors. Judge Martin Glenn signed off on Celsius39;s disclosure statement and solicitation materials at a U.S. […]
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Binance Files for Protective Order Against SEC

Aug 15 Reuters Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission saying the regulator39;s requests for information were over broad and unduly burdensome. In a court filing in the US District Court of Columbia, BAM Trading, Binance U.S.39;s operating company and BAM Management said […]
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Global Stocks Stuck near 5Week Lows, China Cuts Rates

LONDON, Aug 15 Reuters Global stocks were stuck near fiveweek lows on Tuesday as rising government bond yields unnerved investors, while rate cuts from China and disappointing data underscored the economic malaise gripping the world39;s second biggest economy. Emerging markets remained in focus a day after Argentina devalued its currency by nearly 18, while Russia39;s […]
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Activists Back off Salesforce after Share Price Recovery

NEW YORK, Reuters Salesforce Inc was heavily criticized by several activist investors in early 2023 but by the end of June, after results came in better than expected and a new director was added, filings show some cut their stakes or exited completely. Starboard Value, among the first to publicly push the U.S. software company in October […]
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Egypts Headline Inflation Surges to new Record of 36.5

CAIRO, Aug 10 Reuters Egypt39;s annual headline inflation rose to a new alltime high of 36.5 in July, in line with analysts39; expectations, as food prices soared, data from the country39;s statistics agency CAPMAS showed on Thursday. Monthonmonth, prices rose 1.9 in July, down from 2.08 in June. Core inflation, which strips out volatile items […]
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