Business

As Iran war drags on, airlines pull back on fuel hedges and warn on fares

Collected headline brief

As Iran war drags on, airlines pull back on fuel hedges and warn on fares

Jet fuel accounts for 30% to 40% of airlines' costs, with European and Asian carriers historically hedging more of their fuel needs than U.S. rivals.

Wealth management and stock trading boost Nomura profits amid uncertainty

Collected headline brief

Wealth management and stock trading boost Nomura profits amid uncertainty

Net income climbed 13% from a year earlier to ¥103.7 billion ($657 million) between July and September.

Amazon layoffs hit devices and services unit, email cites ‘review of our structure’

Times of India

Collected headline brief

Amazon layoffs hit devices and services unit, email cites ‘review of our structure’

Amazon has confirmed plans to cut approximately 250 jobs in its devices and services division. These layoffs follow recent product launches, including new Kindle e-readers and tablet computers. This decision aims to improve operational…

Times of India

Global fund managers grow bullish on Japanese government bonds

Collected headline brief

Global fund managers grow bullish on Japanese government bonds

Signs of recovering domestic demand and a more supportive policy backdrop add to the appeal of elevated yields.

Philippines May Use More Tools to Stem Peso Slide, Analysts Say

Collected headline brief

Philippines May Use More Tools to Stem Peso Slide, Analysts Say

The Philippine peso’s nearly 8% slide against the dollar this year may prompt the central bank to deploy more tools to stabilize the currency, according to marketwatchers.

Samsung Electronics third-quarter profit in line with estimates amid rising demand for AI memory chips

Collected headline brief

Samsung Electronics third-quarter profit in line with estimates amid rising demand for AI memory chips

Samsung Electronics reported third-quarter earnings on Thursday.

Samsung Chip Operating Profit Misses Estimates

Collected headline brief

Samsung Chip Operating Profit Misses Estimates

Samsung reported net for the third quarter that missed the average analyst estimate. Bloomberg's Haidi Stroud-Watts breaks down the numbers. (Source: Bloomberg)

Collected headline brief

Our next steps for Alphabet stock after earnings disappoint at nearly every turn

Alphabet whiffed.

Siam Cement, PTT Global Forge $5.5 Billion Petrochemical Deal

Collected headline brief

Siam Cement, PTT Global Forge $5.5 Billion Petrochemical Deal

Siam Cement Pcl and PTT Global Chemical Pcl agreed to combine Thai olefins and polyolefins businesses valued at 187 billion baht ($5.5 billion), seeking to bolster their petrochemical operations amid a prolonged downturn.

Stuff

Collected headline brief

Seven-year wait ends: Air NZ lands brand-new Dreamliner, but Skynest delayed

Economy passengers must wait until after the summer travel peak for the world-first Skynest sleep pods due to overseas regulatory delays.

Stuff

Samsung Chip Profit Misses Estimates Lifted by Resurgent AI Hope

Collected headline brief

Samsung Chip Profit Misses Estimates Lifted by Resurgent AI Hope

Samsung Electronics Co.’s semiconductor division’s 15-fold surge in profit just missed estimates, tempering resurgent enthusiasm for bets on the artificial intelligence infrastructure build-out.