MEXICO CITY (Reuters) - Mexican telecommunications giant America Movil reported on Tuesday that it more than tripled its net profit in the third quarter from a year ago, citing a weaker peso boosting its foreign earnings and lower financing costs. Net profit increased 217% to reach 6.43 billion Mexican pesos ($326.37 million), the company said in a filing to Mexico's...

(Reuters) - Computer chip equipment maker ASML's deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering.  The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on ASML's pricey tools during the pandemic and have become better at using...

Oct 15 (Reuters) - Computer chip equipment maker ASML's deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on ASML's pricey tools during the pandemic and have become better...

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -India's government on Tuesday said it will allot spectrum for satellite broadband administratively and not via auction, hours after Elon Musk criticized the auction route being sought by rival billionaire Mukesh Ambani as unprecedented. In what is seen as a battle between billionaires, the methodology of awarding spectrum for satellite services...