Bloomberg

UAE to double oil export capacity bypassing Strait of Hormuz by 2027

Abu Dhabi National Oil Co. is building a pipeline that runs to the port of Fujairah on the Gulf of Oman, according to a statement from the emirate's media office

Xi Jinping hails 'landmark' summit with Trump, says many outcomes achieved

The two countries reached an 'important consensus' on maintaining stable economic and trade relations while expanding cooperation in various fields

RBI raises trading targets for dealers to improve bond market liquidity

The move underscores the RBI's push to deepen liquidity in sovereign debt, a priority that Governor Sanjay Malhotra highlighted this month

Shapoorji Pallonji in talks with Cerberus, Farallon for $1.5 billion bond

The infrastructure-focused conglomerate, backed by billionaire Shapoor Mistry, is proposing to offer 18.75 per cent yield on the zero-coupon bonds of its unit Goswami Infratech Pvt

Gautam Adani, nephew near end of US legal battle with $18 mn SEC settlement

Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations that they made false and misleading representations about Adani Green Energy

Recovering Iran's uranium mostly for 'public relations', says Trump

The status of the nuclear material has been a sticking point in ongoing talks with Iran's leadership to draw a conclusion to the war

Elon Musk's xAI unveils first coding agent in bid to rival Anthropic

The artificial intelligence model, which is in early testing and only available for paying subscribers, is the startup's initial push into professional coding

Trump filings show major trades in Nvidia, Boeing, Microsoft worth $10 mn

The transactions, spelled out in documents filed with the US Office of Government Ethics that encompass more than 100 pages, list purchases and sales in broad ranges

Anthropic's dispute with US govt emerges as risk factor for Figma, others

Design software maker Figma Inc. said it may harm its ability to sell to the government if Anthropic continues to be declared a 'supply chain risk'

Trump says China agreed to buy 200 Boeing jet planes in major deal

Trump and Chinese President Xi Jinping are meeting this week to address pain points between the world's largest economies, including sanctions and trade barriers, as well as the war in Iran

Apple-OpenAI partnership deteriorates as legal options are explored

That could include sending the iPhone maker a notice alleging breach of contract without necessarily filing a full lawsuit at the outset, according to the people

Gautam Adani may get relief as US weighs dropping fraud charges

Ending the cases would be a significant boon to the Adani Group, one of India's most powerful companies, whose interests range from coal mining to renewable energy and airports

Govt considers reducing taxes on bond investments by foreign investors

Deliberations to ease the tax burden have gathered pace as authorities try to curb the rupee's depreciation

India faces challenge of bridging Brics rift over West Asia conflict

India is hosting the two-day Brics foreign ministers' meeting, which kicks off Thursday, with External Affairs Minister S Jaishankar chairing the gathering

Two India bound LPG tankers transit Strait of Hormuz amid energy crisis

One of the LPG carriers, Symi, emerged in the Gulf of Oman on Thursday after turning off its transponder, with the other - NV Sunshine, went dark just after making it through the strait

India seeks extension of US waiver on Russian oil as West Asia war drags on

The US first provided a green light in March, and then widened that with an authorization that runs until May 16, in an effort to limit rising oil prices with additional barrels

India's second largest PSB, Bank of Baroda, aims to double size in 5 yrs

Debadatta Chand, chief executive officer of the bank, which absorbed two state-run lenders in 2019, said larger balance sheets will be crucial as lenders look to compete globally

US-China relationship will be 'better than ever': Trump tells Xi Jinping

The two leaders met in the Great Hall of the People off Tiananmen Square on Thursday morning after a welcome ceremony featuring honor guards and carefully choreographed pageantry

War turmoil drains Asian reserves with India, Philippines among hardest hit

Philippines has led losses with its stockpile sinking 8.1 per cent since the conflict started to $104 billion, while India's dropped 5.2 per cent to $691 billion

Japanese crude tanker emerges after going dark near Strait of Hormuz

Eneos Endeavor had sailed into the Persian Gulf in late February to pick up crude from the United Arab Emirates' Das Island and Kuwait's Mina Al Ahmadi