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August 29, 2026
Global developments shaping business, policy, and markets
Federal Bank (NSE: FEDERALBNK) clears five-year $500m foreign-currency funding plan via GIFT City
The lender can issue up to $500 million of foreign-currency debt through its GIFT City banking unit, joining a broader wave of Indian banks…
Guzman y Gomez (ASX: GYG) delivers A$53m profit as Australia growth absorbs US retreat
Australian and Asian network sales reached A$1.38 billion and underlying EBITDA climbed nearly 29%, while discontinued US operations pushed…
Frontline revenue nearly doubles to $943m as Middle East disruption lifts tanker earnings
Frontline Q2 profit hit a record $659M as VLCC rates topped $150,000 a day and dividends tied to the quarter reached $3.41 per share.
Best Buy (NYSE: BBY) falls 4.4% as higher FY27 guidance faces margin test
Best Buy raised FY27 sales and EPS guidance after Q2 growth accelerated. Can AI devices and advertising sustain margins after BBY's 4.4% fall?
Why Volkswagen’s 50,000-job plan may not be enough as Oliver Blume pushes deeper cuts
Volkswagen Group is considering deeper workforce reductions, possible plant closures and business carve-outs as Oliver Blume argues that…
Zaheerabad Industrial Smart City targets March 2028 completion in Telangana
The 3,245-acre Zaheerabad Industrial Smart City has moved into EPC execution, while Telangana Industries Minister D Sridhar Babu has set a…
