Page 364 - Bloomberg

PayPal rolls out dollar stablecoin to boost digital tokens for payments

With PYUSD, Chief Executive Officer Dan Schulman is seeking to cement PayPal's dominance in digital payments by leaning on technology

Russia's oil to India in June the cheapest since Ukraine war began

The price for each barrel including freight costs was $68.17, down from $70.17 in May and $100.48 a year earlier, according to the latest figures from India's Ministry of Commerce and Industry

Amid Afghanistan-Iran water dispute, Taliban prepares suicide bombers

After two decades fighting the US, Taliban leaders now find themselves sparring with neighbors as the realities of global warming hit home

Wheat climbs as Ukraine attack poses risk for key Russian export route

Top wheat shipper Russia moves most of its grain through the waterway. It is in the midst of a second bumper harvest, making this a crucial time for getting crops to markets and ensuring enough supply

UBS Group to cut two-thirds of Credit Suisse dealmakers in Asia-Pacific

That would cost about 200 jobs at its global banking division in Asia over the next couple of months, the people said, asking not to be identified because the matter is confidential

Threat of govt shutdown builds in after rating downgrade by Fitch in US

The credit rating company's determination has emboldened Republicans to call on President Joe Biden and congressional Democrats to yield to their demands for fresh spending cuts

India's rice export ban now sparks concern that sugar might be next

The rice export ban is a clear signal the government is concerned about food security and inflation, said Henrique Akamine, head of sugar and ethanol at Tropical Research Services

May need surgery, will get MRI on back, neck, says Musk before cage fight

The world's richest person said he will know this week whether surgery will be required, ahead of his proposed cage fight with Meta Platforms Inc. co-founder Mark Zuckerberg

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