Page 239 - Bloomberg

Kumar Mangalam Birla to invest $50 mn to build new chemical plant in Texas

The project will involve a 'state-of-the-art advanced materials site' on 35 acres in Beaumont, Texas

OpenAI to block tools access to developers in China from July: Report

The Microsoft Corp-backed startup sent memos about the impending move to developers in several locales, according to screenshots posted on social media

India expects surge in solar cell output, says will curb imports from China

In a bid to wean itself off Chinese imports, India has levied taxes on some solar components and introduced a so-called approved list of models and manufacturers

Saudi Arabia to become world's biggest construction mkt with large inflows

Aimed at overhauling and diversifying the economy, the kingdom is making large investments in infrastructure

World's worst traffic congestion is in New York and it costs $9 billion

The busiest corridor in the US last year was Interstate 4 in Orlando, Florida, between Beachline Expressway and the Western Beltway, jumping from 10th place in 2022

Policymakers at Reserve Bank remain divided over rate-growth debate

The split in the views show a widening gap between the external and internal members on how to balance economic growth and inflation

Rich Chinese spend millions on Shanghai's luxury property, defying crisis

Shanghai's luxury real estate market is a bright spot in China's bleak property sector

Gujarat's new financial hub aims for real-time dollar settlement by 2025

The service which will cut down on times and delays, and it would be available for financial firms in Gujarat International Finance Tec-City

Self-confident Asia charts its own course, diversifies ties beyond West

Desire to make an Asia for Asians, without the overbearing influence of the West, is not new

Singapore costliest city for luxury spending, Hong Kong, London follow

Singapore has continued to attract the ultra-wealthy by maintaining its reputation for political and economic stability

Nvidia hits correction territory as slump wipes out $430 bn in market value

The stock fell 6.7 per cent, its third straight negative session and biggest one-day percentage drop since April

Hedging Chinese EV makers get costly with imminent tariffs from EU

After the US said in May it was planning to nearly quadruple tariffs, the European Union this month notified companies including BYD and Geely it will slap levies

Apple rejected idea of iPhone AI partnership with Meta months ago

The two companies aren't in discussions about using Meta's Llama chatbot in an AI partnership

JPMorgan India Bank CEO Prabdev Singh quits before end of term: Report

Singh, popularly known as PD, had received regulatory approval in January 2023 for a three-year term as CEO of JPMorgan Chase Bank India

Russia summons US envoy over 'barbaric' missile strike on Crimea: Report

Russia, which began a full-scale invasion of Ukraine in February 2022, seized Crimea in 2014

Bitcoin extends drop after one of crypto's worst weeks of 2024: Report

A gauge of the largest 100 digital assets fell about 5% in the seven days through Sunday, the steepest such slide since April, data compiled by Bloomberg show

Jain Global raises $5.3 billion in biggest hedge fund debut since 2018

Jain Global will start trading July 1, according to people familiar with the matter. Investors include endowments, foundations, family offices, bank wealth platforms and sovereign wealth funds

Vedanta mulls first dollar bond sale of $500 mn in debut overseas issuance

The company is also exploring other avenues of fundraising, including equity sales and local currency loans from domestic banks, the people said

Bond investors positioned for India's index inclusion: Morgan Stanley

India's index-eligible bonds have attracted $10 billion since the inclusion was announced in September

China's new-age automakers live-stream to interact with potential customers

"If you're not livestreaming these days you're kind of a dinosaur," said Mark Tanner, managing director of Shanghai-based marketing firm China Skinny