Page 292 - Bloomberg

Credit Suisse client accused of dodging taxes for a decade gets $15 mn bail

Dan Rotta, 78, who was arrested March 9 at Miami International Airport as he prepared to fly to Barcelona, must remain under house arrest with an electronic monitor, a federal judge in Miami ruled

Foreign fund flows to India derivatives swell amid regulator scrutiny

"India has long been a favoured market based on economic growth, but given the downdraft in China this has been emphasised in the last year or so," said Joshua Crabb, a fund manager

India's rising valuations prompt foreign companies to sell holdings

The companies are seeking to capitalise on India's equity valuations which are among the most expensive in the world after eight years of annual gains

Former Sequoia India firm launches new fund Peak XV for early ventures

"We plan to leverage this internal balance sheet to invest in and partner with other fund managers across regions, strategies and sectors," the letter added

Global airline industry lobbyist says criminalising accidents is 'wrong'

"I think it's completely wrong," Walsh said in an interview with Bloomberg in Hong Kong on Tuesday. He said that such moves aren't in the interest of safety, traveling public or the industry at laarge

JP Morgan chief Jamie Dimon warns US recession 'not off the table' yet

Dimon said economic indicators have been distorted by Covid-19 and he takes them with "a grain of salt," saying the Fed should wait for more clarity before lowering interest rates

Boeing whistleblower who raised concerns on production standards found dead

John Barnett, who worked at Boeing for 32 years until his retirement in 2017, died March 9 from a self-inflicted wound, the BBC said

US inflation tops Feb forecasts, reinforcing Fed's cautious approach

The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out Tuesday. From a year ago, it advanced 3.8%

India embraces trade deals as cos look beyond China for alternatives

Prime Minister Narendra Modi's government is taking advantage of India's growing appeal as the world's fastest-growing major economy and an alternative to China for global supply chains

India's biggest stock winner Tata Investment has no analyst coverage

Tata Investment Corp. has soared 116 per cent so far in 2024, the most among the Nifty 500 Index companies that represent more than 94 per cent of India's market capitalisation

Oscars 2024 draws largest TV audience since 2020 with 19.5 million viewers

Oscar viewership has withered in recent years due to cord cutting and a focus at the ceremony on small, art-house films. Last year's show, in which Everything Everywhere All at Once won best picture

Murdoch's News Corp, Daily Mail owner eye Telegraph's potential takeover

The fate of the Telegraph's ownership has been up in the air for months. RedBird IMI - a joint venture between a New York investment firm and a UAE-backed media investment vehicle

OpenAI slams Elon Musk, calls his claims 'incoherent' in court filing

In the filing, OpenAI stresses that it did not violate its agreement with Musk because "there is no founding agreement, or any agreement at all with Musk, as the complaint itself makes clear"

Pakistan PM Sharif picks Ex-JPMorgan banker Aurangzeb as finance minister

Aurangzeb was chosen over other possible candidates, including longtime Sharif ally Ishaq Dar and ex-central bank governor Shamshad Akhtar

Biden warns Netanyahu not to attack Rafah as Ramadan festivities begin

The US hoped for a breakthrough before Islam's holy month, which began after sundown on Sunday

British American Tobacco to sell ITC stock worth $2-3 bn this week: Report

London-listed BAT has been speaking with Bank of America Corp. and Citigroup Inc. about a potential divestment of around $2 billion to $3 billion in ITC stock through block trades, the people said

Sebi may review rule for mutual funds targeting overheated small caps

Sebi will review its rule that mandates small- and mid-cap funds to invest at least 65% of their assets in such stocks if fund managers find it is "restraining risk management

IndiGo co-founder Gangwal raises $820 mn in largest block sale since 2019

It's the fourth time within two years that the co-founder has tapped investors through a block sale of IndiGo shares, according to data compiled by Bloomberg

Delta CEO expects Boeing 737 Max 10 deliveries to be delayed until 2027

Delta has orders for 100 Max 10 planes and options to purchase 30 more, and had expected to begin receiving the planes next year

Dubai's traditional gold shops take a hit as record prices deter buyers

The most affected were the gold brick shops, with workers at three locations saying sales are down by half