India's Larsen and Toubro beats Q1 profit estimates

India's Larsen and Toubro reported first-quarter profit slightly above estimates on Wednesday, cushioned by earnings from previously-commissioned projects.

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India's Larsen and Toubro beats Q1 profit estimates  India's Larsen and Toubro reported first-quarter profit slightly above estimates on Wednesday, cushioned by earnings from previously-commissioned projects.

Visa's revenue miss prompts caution on Wall Street  Visa's underwhelming third-quarter revenue prompted a number of brokerages to cut their price targets on the company's stock, stoking concerns about slowing growth in customer spending and casting a shadow on the U.S. payments industry.

Facebook removes 63,000 accounts in Nigeria over 'sextortion' scams  Meta Platforms said on Wednesday it had removed about 63,000 Facebook accounts in Nigeria that attempted to engage in financial sexual extortion scams mostly aimed at adult men in the United States.

IDB and Brazil's public banks to launch Amazon ETF, say sources  The Inter-American Development Bank (IDB) and Brazil's public banks will announce on Thursday the development of an exchange-traded fund (ETF) focused on sustainable investments in the Amazon rainforest, said two people with direct knowledge.

Gold rally to boost profits for miners Newmont, Barrick  Newmont Corp and Barrick Gold Corp , the top two gold miners of the world, are expected to post higher quarterly profits, powered by a rally in the precious metal's prices.

Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement  Thermo Fisher on Wednesday raised its annual profit outlook and posted a better-than-expected second-quarter profit, banking on improved demand for its tools and services used in clinical trials.

Political storms won't curb military spending boom, defence firms say  Defence firms are confident Western governments will continue to increase spending on weapons to counter Russia and China, brushing off concerns that political upheaval in the United States and Europe could curb military budgets.

General Dynamics quartely revenue rises on higher defense demand  General Dynamics reported an 18% rise in second-quarter revenue on Wednesday, helped by higher demand for its ammunitions and nuclear-powered submarines.

Delta flight cancellations on Wednesday fall sharply  Delta Air Lines reported sharply fewer cancellations Wednesday as the U.S. airline looks to return to normal after cancelling more than 6,000 flights since Friday.

Alphabet falls as expenses overshadow quarterly results beat  Alphabet's shares fell more than 3% in premarket trading on Wednesday after the Google-parent flagged higher expenses due to competition heating up in search and cloud computing.

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