Page 235 - Bloomberg

Bullish case for the rupee's rebound dented by RBI's intervention fears

RBI's objective is to prevent outsized moves in the rupee in either direction, said Michael Wan, senior currency analyst at MUFG, adding that this would limit the rupee's upside

India's move to buy back bonds runs into RBI's need to keep tight stance

Last week, the monetary authority accepted bids for about a quarter of the 400 billion rupees ($4.8 billion) of bonds the government offered to repurchase

Billionaire Birla's Novelis seeks to complete US IPO as soon as June

Hindalco is seeking to raise about $1.2 billion in the IPO for Atlanta-based Novelis and may target a valuation of about $18 billion, Bloomberg News has reported

Global semiconductors battle intensifies with $81 bn subsidy surge

Chips spending by the US and its allies marks a new challenge to Beijing's decades of industrial policy - albeit one that will take years to bear fruit

What EU sanctions on re-exporting Russian LNG would mean for global gas

Russian producer Novatek PJSC relies on stopovers in the EU to move Arctic fuel from ice-class ships onto conventional tankers

Research reports on China's bad lending data disappear on social media

At least seven research reports from mainland brokerages and securities firms that had been posted to WeChat by analysts were unavailable for viewing

Renewable energy firm SAEL plans dollar bond sale targeting up to $500 mn

The offering also comes amid India's push to ramp up the renewable energy sector

Court grants reprieve to Musk's X in its fight against Australian govt

The incident provoked a furious clash between Musk and the Australian government, including Prime Minister Anthony Albanese

Sugar in cereals, pesticides in spices; why we struggle to keep food safe

Sugar in baby food is a different challenge, one that has its roots in activist shareholders' demands of a vote on the health impact of Nestle products worldwide

Technology pioneer Kai-Fu Lee aims to bring China its ChatGPT moment

Lee's firm, 01.AI, is launching a free productivity assistant called Wanzhi, the latest in a series of AI products it's developing

South Korea plans $7.3 billion program to support semiconductor industry

The move comes as the US government is pressing allies including South Korea to further tighten restrictions on China's access to semiconductor technology

China credit shrinks for first time, decreases by almost $28 billion

Credit contracts as government bonds record net repayment

Apple closes in on agreement with OpenAI to put ChatGPT on iPhone

An OpenAI accord would let Apple offer a popular chatbot as part of a flurry of new AI features that it's planning to announce next month

US rate cuts: Cooling core inflation will offer minimal relief to Fed

Compared with April 2023, the core CPI is projected to rise 3.6 per cent. While that annual increase would be the smallest in three years, it's still running too fast to placate Federal Reserve policy

Severe solar storm brings dazzling Aurora, threatens to trigger blackouts

The last time a storm this strong struck Earth was in October 2003, which caused power outages in Sweden and damaged transformers in South Africa

Southeast Asia fast emerging as centre of gravity for tech industry

After decades of playing second fiddle to China and Japan, the region of about 675 million people is drawing more tech investment than ever

Israel may have breached obligations under international law: US report

Despite those rising tensions, US officials have long pushed back against accusations that Israel may have committed war crimes or violations of international humanitarian law in Gaza

US drug regulator delaying decision on RSV vaccine approval, says Moderna

The FDA hasn't informed Moderna of any issues related to vaccine safety, efficacy or quality that would prevent approval, Moderna said Friday in a statement

iOS 18: Apple to process AI data on cloud servers powered by its silicon

The first AI server chips will be the M2 Ultra, which was launched last year as part of the Mac Pro and Mac Studio computers

Musk's X acquisition: Judge rejects idea billionaire too busy for SEC probe

A federal judge in San Francisco seemed unpersuaded by arguments that Musk shouldn't have to devote more of his time meeting with the SEC because he already spent two partial days