Page 365 - Bloomberg

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

Apple, Samsung halt laptop imports to India after sudden restrictions

Regulators on Thursday surprised the world's biggest PC makers when they made licenses mandatory for import of electronics from small tablets to all-in-one PCs without a licence

Apple faces longest streak of sales slowdown in 2 decades as iPhone slumps

After the company reported a revenue decline of 1.4% in the fiscal third quarter, Chief Financial Officer Luca Maestri said on a conference call that Apple's performance would be similar this period

Google illegally cut contract staffers who worked on AI, alleges union

The Alphabet Workers Union accused the internet giant of violating federal labor law, which prohibits retaliation against employees for organizing

Apple hits record iPhone sales mark in India despite global slowdown

The company, which just opened its first stores in the country, is planning to extend its network in India as part of an Asia-wide thrust

Prices begin to pinch Turkey again, inflation jumps to nearly 48%

The median forecast in a Bloomberg survey of economists was 46.8 per cent Monthly inflation reached 9.5 per cent.

India considers allowing private companies to develop nuclear plants

State-run NTPC Ltd., the country's largest power producer, has emerged as a nuclear champion, betting big on SMRs as they're quicker to build and easier to adjust to grid requirements

Morgan Stanley cuts rating on China stocks, asks investors to take profits

Chinese assets have gotten a boost in recent days amid a slew of promises from Beijing to spur growth and revitalise the nation's flagging private sector

Winter vanishes, heat scorches the Andes as climate change meets El Nino

"What to do?" Chilean Environment Minister Maisa Rojas, who is also a physicist and climatologist, said in a series of Twitter posts. "We know the solution: stop burning fossil fuels urgently!

India considers allowing private companies to develop nuclear plants

The country is reviewing its six-decade-old atomic energy law to allow more involvement from non-state companies, federal atomic energy minister Jitendra Singh said Wednesday

Wells Fargo to tap corporate bond market despite US credit downgrade

The deal comes just after Fitch downgraded the US sovereign credit grade one level to AA+ from AAA, arguing the nation's fiscal health will likely deteriorate over the next three years

Brics will move forward on expansion at summit, says South Africa

Heads of state from Brazil, Russia, India, China and South Africa will make a pronouncement on the enlargement of the group when they meet Aug. 22-24, Anil Sooklal said

Standard Chartered sees senior banker exits in India as rivals circle

Standard Chartered Plc is losing several senior long-serving executives in its India operations, with some heading for new opportunities at rival local banks