Business
The latest business news and analysis from JournalArta Global.
Coca-Cola India Bottling Arm Files IPO Papers for 2027 Listing
Hindustan Coca-Cola Holdings, parent of Coca-Cola’s Indian bottler, filed draft IPO papers with India’s market regulator on November 6. The proposed offer is entirely a sale of existing shares, with up to 997,461,456 shares planned for listing on the BSE and NSE in 2027.
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Singapore Airlines’ ‘dream ticket’ brings a double bed
Singapore Airlines plans a S$2bn cabin upgrade featuring a double bed across two first-class seats, with some business-class seats also converting into beds. The airline says the new cabins will begin rolling out in the second half of 2027. Economy passengers are also set to get more legroom, while all passengers will receive entertainment, meal and internet upgrades.
Oil prices set for sharp weekly fall after US midterms
Oil prices were heading for one of their steepest weekly declines in years on Friday, as election results raised hopes of easing conflict in the Middle East. Brent crude was around $97.55 a barrel and set for a fall of about 16%, while attacks on tankers in the Gulf and Strait of Hormuz kept supply concerns alive.
Trump Blames Democrats as Stock Market Selloff Deepens
President Donald Trump blamed Democrats for losses in Americans’ 401(k) portfolios as technology and AI stocks fell after Republican losses in the midterm elections. The Nasdaq 100 dropped 6.4% in its worst session since March 2020, wiping out $2.3 trillion in value. The selloff followed concerns about tighter congressional oversight of the AI industry and data center construction.
Wall Street sell-off: euphoria meets raw fear in tech rout
Wall Street’s technology sell-off drove the Nasdaq down 6.3 per cent and the S&P 500 down 4.3 per cent. Investors reassessed how US election results could affect AI data-centre projects, while automated trading added to the pressure. The retreat also matters to Australian workers whose superannuation is invested in financial markets, including exposure to Wall Street.
Mumbai Airport Moves 12 Airlines to Navi Mumbai in 2027
Mumbai’s Chhatrapati Shivaji Maharaj International Airport has completed slot allocations for Summer 2027, leaving 12 international airlines without slots for affected services. They may move those flights to Navi Mumbai International Airport from late March 2027, clearing space for Terminal 1 reconstruction while preserving their historical slots.
Japan Q3 GDP Growth Seen Slowing to 0.3%
Japan’s economy is forecast to have grown at an annualized 0.3% in July-September, down from 1.4% in the previous quarter, as weaker consumption and external demand offset a rebound in capital spending. The estimate comes from a poll of 16 economists. The government’s preliminary GDP figures will provide the first official reading of the quarter.
Block’s US Layoffs: Severance Includes 90 Days’ Pay
Block employees in the United States affected by the company’s latest job cuts can receive at least seven weeks of base pay, plus an additional week for each year worked. Those who sign a separation agreement get another 30 days of pay without working, three months of COBRA coverage and a one-time $5,000 transition payment.
BT workforce shrinks by 7,731 as cost cuts gather pace
BT has reduced its workforce by 7,731 since the end of March, bringing the group’s headcount to 90,000 as it presses ahead with a multiyear
RBA Trust in Inflation Fight Has Fallen as Rates Reach 18-Year High
Australians are less confident the Reserve Bank can bring inflation down within a year, raising a challenge for households already facing higher borrowing co...
Oil rises after U.S. election as Iran war risks persist
Brent crude rose 1.6% to $96.15 a barrel on Thursday, while U.S. West Texas Intermediate gained 0.6% to $88.64. Investors weighed how Republican losses in the midterm elections could affect President Donald Trump’s next steps in the war with Iran. Analysts warned that uncertainty over diplomacy and oil shipments through the Strait of Hormuz could keep prices volatile.
Data centre industry faces US voter backlash and tighter scrutiny
US voters approved nearly every data centre restriction put to ballots across 10 states, while Democrat Gina Hinojosa won the Texas governor’s race after calling for a construction ban. The results put pressure on an industry central to AI expansion and could shape investment and political debate in Australia, where 163 centres have about 1.6 gigawatts of capacity.
Major Australian retailer David Jones enters administration
David Jones has entered voluntary administration after years of financial pressure, putting about 6,000 jobs at risk. Its stores and online business will keep operating while FTI Consulting reviews the company. The retailer’s troubles include rising costs, an outdated store footprint and supply chain challenges, while its landlord Scentre said October rent had not been paid.
Trump-linked Tokens and Data Centers Fall After Midterms
Trump-linked crypto tokens and shares in data-center companies fell after Democrats won control of Congress and Gina Hinojosa won the Texas governor’s race. Investors reassessed the outlook for AI infrastructure in a state central to planned construction, while analysts disagreed over whether the selloff was justified.
Oil Inches Higher Markets? Crude Sinks Below $90
U.S. crude settled at $88.12 a barrel Wednesday after falling more than 8%, as traders weighed hopes for an end to the Iran war against constrained fuel supplies. The three-day drop was the steepest since November 2021, while gasoline futures also headed toward their lowest close since March 10.
UK Rate Rise Expectations Build as Services Activity Hits Eight-Month High
UK households and businesses face the prospect of higher borrowing costs as the Bank of England prepares to consider a rate increase, with fresh data
CVS Plans to Split Pharmacy Chain From Insurance and Benefits Operations by 2028
CVS Health plans to divide its $117 billion business into two publicly traded companies, separating about 9,000 pharmacies from its insurance and pharmacy-be...
CVS Health to Separate Pharmacy Chain From Insurance and Benefits Business
CVS Health plans to separate its 9,000 pharmacies from its insurance and benefits operations, reshaping a $117 billion US healthcare group whose businesses r...
Oil Falls as Iran War Diplomacy Offers Markets Hope
Oil prices fell for a second day as traders weighed signs that U.S. and Iranian officials were open to a diplomatic settlement. U.S. crude dropped 7% to $89.40, while Brent fell nearly 8% to $95.41 a barrel. The decline followed Democratic gains in midterm elections and comes after months of war-related disruption to energy supplies.
Oil Prices Rebound as Strait of Hormuz Supply Risks Persist
Oil prices recovered on Wednesday after falling to a four-week low, with Brent at $103.60 a barrel and U.S. crude at $95.98. Traders turned their focus back to the Middle East, where consultancy data showed oil flows through the Strait of Hormuz fell in October from September. The figures challenge reports that Gulf exports had returned to pre-war levels.
Oil Rises Iran War Uncertainty Shadows Markets After U.S. Vote
Oil prices declined early Wednesday as investors weighed U.S. midterm election results and uncertainty over the Iran war. Brent crude traded below $104 a barrel, while U.S. benchmark crude stood around $96. The vote also unsettled stocks and the dollar, with investors assessing possible changes to policy and regulation.