Page 21 - Bloomberg

Shein IPO values fast-fashion giant at $26 billion, far below peak

Shein raised $1.7 billion in its Hong Kong IPO at a $26 billion valuation, as slowing growth, tariffs and competition threaten the fast-fashion retailer's prospects

MSCI rebalancing threatens to turn 'messy' in India's new closing auction

India's new closing auction system will face its biggest test on Monday as MSCI rebalancing sends about $5 billion in passive-fund trades through markets, raising liquidity concerns

Billionaire PV Krishna Reddy taps $700 mn private credit for Megha buyout

Megha Engineering MD PV Krishna Reddy is seeking about $700 million from global private credit investors to fund the purchase of his uncle's 43% stake in the company

BYD's overseas revenue tops China sales for first time as profit rises

BYD's overseas revenue accounted for 53% of first-half sales as domestic revenue fell 31%, highlighting the growing importance of foreign markets for Chinese carmakers

EssilorLuxottica clan's $47 billion fortune rift grows with heir's exit

A feud among Leonardo Del Vecchio's heirs over his €40 billion fortune is deepening, raising governance concerns at Delfin and its key investments

Iceland votes against resuming European Union re-entry talks in referendum

Icelanders reject reopening EU membership talks, citing sovereignty and control over fisheries, dealing a blow to the bloc's efforts to revive its appeal

Google Maps renames Lake Ontario to 'Lake America' for US users

Google Maps will show Lake Ontario as "Lake America" to US users after a US government geographic naming change ordered by President Donald Trump

SpaceX set to launch Nasa's $4.3 bn dark energy-hunting space telescope

Perched on top of SpaceX's powerful Falcon Heavy rocket, Nasa's Nancy Grace Roman Space Telescope is slated to lift off at 7:26 a.m. local time from Cape Canaveral, Florida

Cash-strapped UK universities turn to mergers as funding pressures mount

The two mid-ranking institutions are merging into one of the UK's biggest, forging a blueprint for others in the economically challenged sector to follow

HDFC Bank CEO search puts investor confidence, governance to test

The announcement on Saturday that Jagdishan - a three-decade HDFC Bank veteran - won't seek reappointment puts to rest months of speculation that he was eyeing an extension

Why India's 7% growth may not be enough for 2047 developed nation goal

India needs 9.25% growth rate to meet PM Modi's 2047 developed-nation goal, according to Ashok Lahiri, a senior official at the country's apex government-run think-tank

Why day traders are abandoning Korean chip leveraged ETFs in droves

Key to sapping demand has been a series of regulatory tightening moves, most recently a rule to complete five-day simulated trading

Warsh puts inflation at centre of Fed policy at Jackson Hole conference

Warsh used a keynote speech to hammer home a message that curbing inflation is the central bank's top priority

US jobs report seen reinforcing Kevin Warsh's view of labour market

Economists estimate the monthly jobs report from the Bureau of Labor Statistics on Friday will show a 55,000 increase in payrolls after an unexpected dip in July employment

How Russia is teaching its children to fight the wars of the future

The mandatory classes for teenagers include learning about the main types of armaments including machine guns, anti-tank weapons and hand grenades, as well as general military discipline

Nearly 2,500 missing as Nepal, China step up flood rescue efforts

At least 579 people have been confirmed dead while 1,924 remain unaccounted for, including hundreds of foreigners from India, Malaysia, Australia and the US

Trump to discuss high gasoline prices with US oil refiners next week

The session will give Trump an opportunity to hear directly from industry executives about market dynamics, what can be done to lower gasoline prices and how to bolster domestic fuel refining capacity

Stocks of some Indian banks show widest exchange price gap in decades

Large discrepancies in closing values were seen in IndusInd Bank, AU Small Finance Bank Ltd., IDFC First Bank Ltd., and Federal Bank Ltd.

US set to take control of major portion of Venezuelan's oil wealth

The plan represents an unparalleled modern-day intervention into another country's economy, harkening back to British government control of Iran's oilfields

Chinese chipmaker CXMT's sales soar almost 10-fold amid memory crunch

The Hefei-based company's revenue expanded to 150.3 billion yuan ($22.4 billion) in the first six months, more than double the sales it raked in across all of 2025