Page 229 - Bloomberg

India to stick to policy path whether PM Modi wins 3rd term or not: Rajan

The new govt will announce a budget shortly after it comes to power, which will likely focus on "all the good stuff that is happening while trying to see what other changes have to be made," he said

UBS signals it's mostly done cutting Asia jobs after Credit Suisse merger

The Swiss lender has been cutting thousands of staff following an emergency rescue of Credit Suisse last year in a government brokered deal. The takeover is due to close officially this week, says Koh

Top EV ride-hailer BluSmart seeks $300 million in 3 yrs to expand car fleet

Part of the funding it raises will go toward the company's expansion beyond Delhi and the southern Indian city of Bengaluru. BluSmart will launch in Dubai next month with about 100 Audi EVs

Investing for ultra-rich: Family offices are booming in Australia's Perth

Since 2019, as the rich get richer, the number of family offices worldwide has more than tripled, to almost 4,600 last year, according to investment data provider Preqin Ltd

China falling emissions since Covid signal peak carbon may already be here

Emissions fell 3 per cent in March from the prior year, the first annual decline since January 2023, Lauri Myllyvirta, senior fellow at Asia Society Policy Institute, said

Wall Street returns to T+1 stock trading after nearly a hundred years

The switch to the system known as T+1 - abandoned in the earlier era as volumes became unwieldy - is ultimately intended to reduce risk in the financial system

Trade strains boost cargo freights at pace recalling Covid 'chaos'

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism

Xi Jinping tells politburo China needs financial regulations with teeth

Monday's Politburo meeting also reviewed measures to promote development of six central provinces including Shanxi, Anhui and Henan

Anil Agarwal's Vedanta considering $1 bn share sale in coming weeks

Shares of Vedanta have gained 78% this year, giving the company a market value of about $20.6 billion

China creates $47.5 billion semiconductor fund to back nation's firms

The latest investment vehicle, known as Big Fund III, underscores a renewed push from Xi Jinping's government to build its own semiconductor industry as tensions with the US escalate

Bullish sentiment on dollar retreat as US economic print cools: CFTC data

During this period, US monthly inflation data cooled for the first time in six months, while retail sales stagnated in April, boosting odds for Federal Reserve interest rate cuts

Hyundai Motor adds Kotak, Morgan Stanley for possible record India IPO

Hyundai Motor India Ltd. plans to file for an IPO in June, International Financing Review reported earlier Monday, when it also said Kotak and Morgan Stanley were joining the syndicate

Indian bonds best bet in Asia for JPMorgan asset before inclusion

JPMorgan Asset joins a slew of global investors, including Abrdn Plc and Zurich-based Vontobel Asset Management, in turning to Indian bonds ahead of their inclusion

President Xi's China EV dream comes true, 10 years on, walls going up

China has become the world's largest auto market and sells more electrified vehicles than any other country, with 9.5 million cars delivered last year

State-owned companies outperform pvt firms, here's why it's a problem

State firms have done better than India's benchmark Sensex index for three years straight, and look likely to do so again this year

Blistering summer helps Varun Bev, Havells, Voltas, others improve earnings

Heat waves are accelerating the penetration of many cooling products like air conditioners and refrigerators, an industry expert said

Ambani sets sights on African telecom market, plans to develop 5G infra

Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo

India, Indonesia stand out for emerging market investors in ageing world

The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries' economies

Rishi Sunak's national service plan faces enforcement, funding questions

Sunak is hoping that, if he can't beat Labour leader Keir Starmer, he can at least save the Conservatives from a historic wipeout, his allies have told Bloomberg

Fed's favourite underlying inflation gauge cools, shows modest relief

Economists expect the personal consumption expenditures price index minus food and energy, due on Friday, to rise 0.2 per cent in April