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SoftBank likely to turn profitable after $48 bn in vision fund losses

The Japanese conglomerate is fighting to regain its footing after losing ¥6.9 trillion ($48 billion) at the Vision Fund investment unit in the last two fiscal years

China or India? Where should investors put their money in coming Asia boom

Goldman Sachs Group Inc. analysts expect India's share of global equity market capitalisation to quadruple between now and 2075-reaching 12 per cent, when it will be neck and neck with China's

Former Pakistan PM Imran Khan can only be knocked out by votes, not courts

Past Pakistani leaders, including Khan's predecessor Nawaz Sharif, have been disqualified on equally flimsy grounds. In many ways, though, Khan's hold over his followers is unique

Investors in India see yet another year of high rates on price shock

Overnight-indexed swaps show that India's borrowing costs are likely to decline only in the second half of 2024, a shift from earlier when they were pricing in two reductions after the June meeting

Won't pursue entire judicial revamp, says Israel's PM Benjamin Netanyahu

In the interview, Netanyahu sought to project an image of a leader who remains above the political fray as he faces off against the largest anti-government protest movement

Saudi Arabia city of future Neom plans to grow crops in the desert

Apart from meeting the needs of the new city, the goal is eventually to turn the fledgling facilities into a regional food hub

US inflation data may offer some comfort to the Fed, CPI may rise 0.2%

Compared with a year earlier, the Labor Department's underlying gauge is forecast to rise 4.8 per cent, according to the median projection in a Bloomberg survey of economists

What drives shiny metal's price up or down, explains World Gold Council

During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But is it also an inflation hedge? Is it considered a risk asset?

China is losing out as global funds chase returns in Japanese stocks

Foreign buying of Japanese equities has exceeded that of Chinese peers for the first time since 2017, according to a Goldman Sachs Group Inc. report

Hollywood writers, studios trade barbs ahead of renewed negotiations

The parties traded barbs earlier in the week, three months into a strike that has largely shut down film and TV production across the country

Ukraine and its allies to woo the Global South at Saudi Arabia meeting

Zelenskiy would like the Jeddah meeting to pave the way for a summit of leaders backing the 10-point "peace formula" he released last year

Byju's lenders accused of using bogus loan-default claims to gain control

The distressed-debt lenders are "playing hardball" to create leverage in negotiations to restructure the loan and causing problems for Byju's executives

Numbers justify Fitch downgrade, says Blackstone CEO Steve Schwarzman

"The numbers justify it, regrettably," the Blackstone Inc. chief executive officer said on CNBC Friday

US adds 187,000 jobs, unemployment rate unexpectedly drops to 3.5%

US employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labor demand that's at the root of renewed momentum in the economy

Fully remote work leads to 18% drop in productivity, shows research

The researchers, who studied newly hired data entry workers in India who were randomly assigned to either the home or the office, said that two-thirds of the drop in productivity was evident

Morgan Stanley reaches 70% of $1 trn of low carbon ESG funding goal

The Wall Street firm said in an ESG report this week that it has allocated $700 billion of financing, with more than $550 billion of that directed to green activities

Debt-burdened global leaders just love to hate ratings companies: Report

Countries run the gauntlet of rating companies because they're hard-wired into the global investment system

ECB's Philip lane sees inflation slowing significantly later this year

While price pressures won't hit the ECB's goal until sometime in 2025, the recent decline in energy will reduce costs across the economy before long, he said in a podcast produced by the central bank

Byju's Aakash unit forced to rework board after breaching loan agreement

Davidson Kempner, which manages more than $38 billion, forced the changes in Aaksah's board as the borrower was in breach of some covenants on a $250 million loan

Troubled Byju's misses target to amend its $1.2 billion loan terms

The company failed to decide on revisions sought by lenders in the loan's terms, including part repayment and higher interest payment