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McDonald’s India franchisee Westlife beats Q2 profit view on strong demand

BENGALURU - Westlife Foodworld Ltd, which owns the franchise for McDonald's Corp in west and south India, reported a bigger-than-expected second-quarter profit on Wednesday, helped by rising demand.

World stocks stuck as U.S. midterms too close to call

By Dhara Ranasinghe and Nell Mackenzie LONDON (Reuters) - World stocks stalled below recent seven-week highs on Wednesday, while the dollar was steady as investors awaited the results of the

Gold stalls as traders strap in for U.S. inflation verdict

By Arundhati Sarkar (Reuters) - Gold prices stalled near the previous session's one-month peak on Wednesday as investors held off on big bets ahead of U.S. inflation data later this week that could

Dollar stems losses as investors await midterm results; cryptos jittery

By Tom Westbrook and Alun John SINGAPORE/HONG KONG (Reuters) - The dollar steadied near its weakest in two months against the euro on Wednesday as traders waited on results from U.S. elections and on

India’s Barbeque-Nation more than doubles Q2 profit on dine-in rebound

BENGALURU (Reuters) - Indian restaurant chain Barbeque-Nation Hospitality Ltd more than doubled its second-quarter profit as more people went out to restaurants post the pandemic-induced curbs.

Oil prices dip on U.S. inventory build, China COVID worries

By Isabel Kua SINGAPORE (Reuters) - Oil prices edged lower as industry data showed U.S. crude stockpiles rose more than expected and on worries a rebound in COVID-19 cases in top importer China would

Asia stocks subdued as investors eye U.S. midterm, inflation data

By Ankur Banerjee SINGAPORE (Reuters) - Asian shares inched higher on Wednesday as investors braced for U.S. inflation data due this week and awaited the results of the midterm elections that could

Gold eases off 1-month peak as U.S. dollar, yields climb

By Ashitha Shivaprasad (Reuters) - Gold retreated on Wednesday from a one-month peak scaled in the previous session, although prices flitted in a relatively tight range as cautious investors

India seeks to include steel in export incentive scheme – source

By Neha Arora and Shivangi Acharya NEW DELHI (Reuters) - India's trade ministry has sought to extend an export promotion scheme to reimburse some local levies for domestic steel producers, a senior

Dollar catches breath while investors await midterms; cryptos skittish

By Tom Westbrook SINGAPORE (Reuters) - The dollar steadied on Wednesday as traders waited on results from U.S. elections and on inflation data that could disappoint hopes for the interest rate outlook

On Camera

Tirupati controversy shows temples can’t run as public sector units. They must be privatised

A private temple could make crores by selling better laddus and investing in goshalas and captive production units to control quality.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?