AUSTRALIA CORPORATE PROFIT WARNINGS
Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millions
Tesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the Netherlands and Singapore. These units posted 18 billion dollars in profits that were not taxed in those countries. This practice allowed Tesla to reduce its tax bill in the United States.
Tsunami warning issued after powerful 7.5-magnitude earthquake strikes off Japan
A powerful 7.5 magnitude earthquake off Japan's northeast coast triggered tsunami warnings, with waves potentially reaching 3 meters. Evacuations were ordered for coastal areas like Iwate, Aomori, and Hokkaido. Bullet train services faced disruptions due to strong shaking. Authorities urged residents to move to higher ground immediately, emphasizing safety from the shoreline.
Markets near bottom, but volatility not over; buy in staggered manner: Sunil Subramaniam
Markets are experiencing volatility due to global events. Experts advise investors to buy in small, staggered amounts. Institutional investors are gradually increasing positions. The upcoming earnings season will be crucial for determining the market's direction. Investors should focus on corporate guidance and sector-specific trends for future investment decisions.
War crisis revives stagflation dangers for global economy
Global business surveys this week will reveal the escalating impact of seven weeks of Middle East conflict on growth and inflation. Initial data from Australia to the US is expected to show deterioration, particularly in Europe, raising concerns about potential stagflation. Policymakers are cautiously awaiting these figures to inform interest rate decisions.
Gen Z employee refuses last-minute task after work hours. When faced with promotion risk, her reply left boss speechless. ‘Lack of planning does not create an emergency.’
A young employee has set a new precedent in the workplace. She refused her boss's late-night request for a project report. The boss warned of promotion consequences. The employee stated that poor planning by the company was not her emergency. She offered to complete the report the next day. This incident highlights changing generational attitudes towards work-life balance and boundaries.
Don’t trust the hype: Why earnings quality matters more than broker calls in today’s volatile market
In volatile markets driven by liquidity, geopolitics and AI disruption, earnings quality is becoming more critical than brokerage recommendations. The article highlights structural biases in analyst calls and outlines key red flags investors should track, emphasising independent analysis and cash-backed earnings over headline profit numbers.
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Can Sensex, Nifty extend gains on Monday? Oil prices, 5 factors to guide Dalal Street this week
Indian stock markets are poised for a strong opening, extending Friday's gains as GIFT Nifty surged. Optimism surrounding a potential resolution to the Iran-US conflict and falling oil prices are boosting sentiment. Major bank earnings and a strengthening rupee also provide support, with FIIs showing consistent buying interest.
14 India-bound ships trying to cross Strait of Hormuz stopped by Iran; 1 hit by bullets, 1 crosses
A convoy of 14 India-bound ships carrying crude oil, gas and fertilisers was intercepted in the Strait of Hormuz after the Iranian Revolutionary Guard Corps reportedly fired at two vessels, forcing most to turn back. While 13 ships were stopped or stranded, one Indian-flagged vessel carrying crude oil continued towards India amid rising tensions in the region.
Fall in provisions help ICICI Bank's net profit in Q4 FY26
ICICI Bank's net profit rose 9% to Rs 13,702 crore in March 2026, driven by stable loan growth and a significant drop in provisions. Total advances increased 16%, with strong contributions from business banking and rural portfolios. The bank maintained a healthy net interest margin and stable asset quality.
'Want to see Strait of Hormuz opened; no privatisation, no tolls': Australian PM Anthony Albanese
In a post on X, following his participation in a virtual Leaders' Summit on the Strait of Hormuz co-hosted by French President Emmanuel Macron and UK Prime Minister Keir Starmer, Albanese said 49 countries had come together with a "consistent approach" focused on ensuring freedom of navigation.
5 world market themes for the week ahead
Markets are optimistic as U.S. President Trump signals an end to the Iran war. Talks may resume soon. However, upcoming economic data could show slowing business and rising prices. Investors also await the Federal Reserve nominee's Congressional hearing. Tesla earnings are also a key focus for U.S. corporations this week.
Tornado watch: Severe weather warning for over 51 million people in Texas, Wisconsin, Missouri, Oklahoma, Kansas
Tornado warning: National Weather Service received more than 1,100 reports of large hail, winds above 60 mph (96 kph) and tornadoes as part of the storm system.
Corporate Affairs ministry proposes easing company incorporation rules
In an effort to boost entrepreneurship, the corporate affairs ministry is poised to revamp the company incorporation process. By consolidating numerous forms into a reduced set of e-forms, the ministry aims to slash bureaucratic red tape. Expect a more lenient approach to KYC protocols and documentation for subscribers.
GIFT Nifty hints at positive start; here's trading setup for the day
Indian equities closed lower amid weekly expiry volatility, with support seen at 23,450-23,100 and resistance at 24,400. Global markets showed mixed signals, with US stocks inching higher on ceasefire hopes. The Indian rupee strengthened, while Brent crude prices dipped.
Flights cancelled, prices hiked amid fuel crisis in Australia: Everything Aussie travellers need to know
Rising jet fuel prices are disrupting Australian air travel, prompting Qantas and Virgin Australia to lift fares and cut domestic capacity. With fuel costs adding hundreds of millions to airline expenses, travellers face fewer flights, higher ticket prices, and reduced flexibility as carriers adjust networks to manage the ongoing fuel crisis.
Sweet trouble: World’s top chocolate maker issues warning as shares sink 17%
Barry Callebaut profit warning shocks markets. Shares crash 17% in hours. Cocoa prices collapse over 40% this year. The world’s largest chocolate maker now expects profits to fall sharply. Falling cocoa prices should help margins. But demand is weak and supply is too high. Industry overcapacity is rising fast. Global trade risks add more pressure. Shipping disruptions near key routes increase costs. The Barry Callebaut profit warning highlights deep market stress. Investors fear prolonged slowdown. The global chocolate market now faces uncertainty and volatility ahead.
Gucci-owner Kering aims to launch luxury Google glasses next year: CEO
Gucci is set to launch smart glasses with Google next year. This move marks a significant entry into AI-powered eyewear. The brand aims to revive its iconic classics and adapt to a changing global market. This strategy is part of a larger plan to boost Kering's eyewear and jewelry divisions.
UK PM tells social media bosses to step up child online safety
UK Prime Minister Keir Starmer on Thursday hinted at possible measures limiting children's access to social media, "Things can't go on like this." Starmer summoned the social media bosses to the Downing Street meeting, also attended by Technology Minister Liz Kendall, amid growing calls for a ban on under-16s using the platforms.
Global Markets | European shares inch higher on Middle East peace prospects; earnings in focus
European shares edged higher on Thursday as growing optimism about a potential resolution to the Middle East conflict lifted market sentiment, while investors assessed corporate earnings reports across the region.
Australia boosts military spending as Iran war makes global impact
Australia is boosting its defense budget. Defense Minister Richard Marles announced an additional 53 billion Australian dollars over the next decade. This move aims to enhance national security amid a complex global environment. The strategy emphasizes self-reliance while maintaining key alliances, particularly with the United States. A major investment includes a fleet of nuclear-powered submarines.
US stocks today: S&P 500, Nasdaq push to closing records on earnings and Middle East optimism
US stocks surged to record highs as the S&P 500 and Nasdaq rallied on strong corporate earnings and hopes of progress in US-Iran negotiations. Investors are betting on reduced geopolitical risk despite ongoing sanctions and tensions. Financial stocks led gains, while volatility dropped to its lowest level since February.
US stocks today: US stocks open higher with earnings in focus
The S&P 500 and Nasdaq edged higher as strong bank earnings and hopes of easing U.S.-Iran tensions supported sentiment. Investors balanced geopolitical risks, elevated oil prices, and Federal Reserve uncertainty, while markets showed resilience with tech gains and financial stocks leading despite mixed sector performance.
Global finance ministers warn of prolonged market impact from Middle East conflict
Global finance ministers warn the Middle East conflict will continue to impact growth and inflation. Even a lasting peace will not immediately erase these effects. Renewed fighting or disruptions in the Strait of Hormuz pose serious risks. Ministers pledge fiscally responsible domestic responses and urge all nations to avoid protectionist trade barriers.
HSBC Private Bank slashes India stock exposure to buy gold amid Iran war
HSBC Private Bank has cut its exposure to Indian equities, citing vulnerability to rising oil prices and global uncertainty amid the Iran conflict. The bank shifted allocations towards gold and defensive assets, reflecting caution on emerging Asia. Global peers have echoed concerns over earnings risks and stretched valuations in Indian markets.
India's strong fundamentals to cushion oil shock, growth may slow up to 80 bps: S&P Global Ratings
India's strong economic and financial foundations are expected to absorb a sustained oil price shock, though growth could dip by 80 basis points if crude hits $130/barrel in 2026. Corporate earnings and bank asset quality might weaken, but robust balance sheets and well-capitalized banks offer significant buffers against prolonged disruptions.
Global Markets | Australia Inc starts to feel Iran war fallout, raising stagflation risk
Australia's economy faces a stagflationary shock as the Middle East conflict drives up fuel prices. Top companies like Qantas and Westpac are issuing profit warnings, citing soaring costs and customer impacts. Business and consumer sentiment have plummeted, raising concerns about inflation and slowing growth, a scenario dubbed 'the central bank's nightmare'.
Cashfree Payments appoints former Visa executive Sameer Gandhi as CFO
Cashfree Payments has appointed Sameer Gandhi as its new Chief Financial Officer, bringing over two decades of experience from global financial institutions. Gandhi's expertise will drive the company's financial strategy as it aims for accelerated growth and profitability. His addition comes after Cashfree Payments secured $53 million in a recent funding round.
Cashfree appoints ex-Visa finance head Sameer Gandhi as its new CFO
Bengaluru payments processor Cashfree has appointed Sameer Gandhi as its new Chief Financial Officer. Gandhi previously led finance at Visa India. He will now guide Cashfree's financial strategy and enhance commercial operations. This move supports the company's aim for accelerated growth and profitability in the coming quarters. Cashfree processes over $80 billion in transactions annually.
What are Money mule accounts? Australia’s financial intelligence regulator targets financial crime vulnerabilities in foreign-owned banks
Australia's financial intelligence unit, AUSTRAC, has uncovered significant control and reporting issues within foreign-owned banks. Reviews revealed low reporting of suspicious activities in bank branches. Furthermore, foreign bank subsidiaries showed a high exposure to money mule accounts. These accounts are used by criminals to launder illicit funds, making it harder for law enforcement to trace money trails.
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