Oil markets less tight than expected as supply climbs
The IEA boosted forecasts for world fuel consumption this year on surprising strength in China, and still anticipates a supply shortfall during the fourth quarter. But it will be roughly 30% smaller than previously projected, at about 900,000 barrels a day.
Plaudits now rare for CEOs on tougher earnings calls this year
Analysts have gone cold on corporate executives as they climb a wall of worry that includes soaring labour costs, surging prices for raw materials, rising borrowing rates and heightening geopolitical tensions that have shown no signs of abating.
PSU banks’ asset quality up, Q2 bad loan provision drops
The PSU banks continued to show a sustained improvement in the September quarter. At the aggregate level, the provisioning for bad loans or loan loss provisioning for the 12 listed PSU banks fell to Rs 16,552 crore compared with Rs 16,875 crore in the previous quarter and Rs 18,138 crore in the year-ago quarter.
PE companies trapped in China after $1.5-trillion bets
Many firms are also looking at an alternative strategy, putting off sales by setting up so-called continuation funds to take over holdings for several more years, according to interviews with about a dozen of private equity investors and advisers. That’s also proving challenging.
DHL will stick to its €500 million investment plan in India, says CEO Tobias Meyer
The global logistics giant is controlling spending and investment in its global business, which has been affected by geopolitical conflicts, economic downturns in the West and rising interest rates. Meyer spoke to ET at the opening of DHL’s central Asia hub in Hong Kong.
Tata Tech IPO to open on Nov 22, nearly 20 years after TCS listing
Other details, including pricing of the nearly 61-million share issue at the Tata Motors-owned unit, will be announced closer to the IPO date.