IBT Staff Reporter

Tata Motors Ltd expects strong demand to drive up sales of its cars, including at the luxury Jaguar Land Rover (JLR) unit, as the semiconductor shortage eases, even as it posted a wider quarterly loss on higher costs.

Rogers Communications Inc extended the deadline to close its C$20 billion ($15.6 billion) buyout of rival Shaw Communications to December and said it would take a hit due to an outage that impacted millions of customers earlier this month.

Peruvian mining executives who oversee some of the world's largest copper mines are losing whatever slim thread of faith they may have had in left-wing President Pedro Castillo's ability to boost the sector, even after his shift away from early proposals to sharply raise taxes on the industry.

T-Mobile US Inc raised subscriber addition forecast for the second time this year as its strategy of selling relatively cheaper plans helped the carrier attract more price-conscious U.S.

Italian drinks companies are facing a shortage of the carbon dioxide (CO2) they need to put the fizz into their cans and bottles this summer as some gas producers cut output in response to rising energy costs.

McDonald's will increase the price of its cheeseburger by 20% in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation.

European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year amid raging inflation, war and energy shortages.

Humana Inc boosted its annual profit forecast on Wednesday, helped by lower-than-expected demand for non-urgent medical procedures, but the health insurer's shares fell as investors deemed the raise conservative.

Ukraine moves closer to grain exports, strikes Russian-held bridge

Russian forces have taken over Ukraine's second biggest power plant, an adviser to President Volodymyr Zelenskiy said on Wednesday, following an earlier claim by Russian-backed forces to have captured it intact.

The fate of Ukraine's second biggest power plant was hanging in the balance on Wednesday after Russian-backed forces claimed to have captured it intact, but Kyiv did not confirm its seizure, saying only that fighting was under way nearby.

Pakistan's two leading car assemblers, Toyota and Suzuki, plan partial plant shutdowns next month due to unavailability of raw material amid import restrictions and exchange rate volatility, officials at both companies said on Wednesday.

Three quarters of the world's sovereign wealth funds now have a formal policy on environmental, social and governance investing, yet just 30% have set a target to reduce carbon emissions across their investments, a study on Wednesday showed.

Deck cadet Burak Kinayer, 19, is waiting to hear when he will set sail home to Turkey after five months of being stranded by the war in the Ukraine now a grain export deal has been signed.

Democrats on a U.S. House committee pressed the top executives of two U.S.

Top executives at U.S. gunmakers testified on Wednesday that criminals, not their products, were responsible for mass shootings, as they faced questions from a U.S.

Executives from major gun manufacturers are set to testify on Wednesday before a U.S. House of Representatives panel investigating recent mass shootings in Texas and New York.

From exile, Russia's TV Rain seeks to counter Kremlin storm

A Texas man bought dozens of guns from licensed dealers in the state before illegally reselling at least 16, U.S.

Several U.S. distressed debt asset managers are in fundraising talks with investors to boost their firepower, anticipating that a recession will create more opportunities to snap up and profit off troubled companies' debt, according to multiple sources.

The U.S. Justice Department has opened a criminal investigation into Cassava Sciences Inc involving whether the biotech company manipulated research results for its experimental Alzheimer's drug, two people familiar with the inquiry said.

The European Central Bank seems almost certain to face a test of its resolve to rein in excessive bond yields in coming weeks as the euro zone's biggest debtor, Italy, heads for elections that a rightist bloc with a eurosceptic past is expected to win.

Italian drinks group Campari reported a 19% rise in like-for-like sales in the first six months of the year, but warned that temporary supply constraints could affect shipments in the second half.

After recovering swiftly from the havoc caused by the COVID-19 pandemic, Bangladeshi garment manufacturers are now anticipating a slowdown as sales at key customers such as Walmart are hit by a spike in inflation.

UBS Group AG plans to set up a wholly owned mutual fund business in China, two people with direct knowledge of the matter told Reuters, as the Swiss bank seeks to expand its footprint in the country's $3.9 trillion retail fund market.

Hong Kong is set to see billions of dollars flowing in from the mainland with more Chinese companies expected to upgrade their listings in the city to tap into a bigger pool of capital amid the looming threat of delistings in the United States.

Turkish Defence Minister Hulusi Akar on Wednesday unveiled a centre in Istanbul to oversee the export of Ukrainian grains after a landmark U.N.

The headquarters overseeing exports of Ukrainian grains is set to be unveiled in Istanbul on Wednesday after a landmark U.N.

European shares scaled near seven-week highs on Wednesday as a string of strong results from companies including Russia-exposed lender UniCredit and Britain's Smurfit Kappa provided some comfort in an otherwise gloomy environment.