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Page 375 - Bloomberg

Azerbaijan's Covid curbs turn into moneyspinner despite it being over

The self-isolation from its neighbors that include Russia and Iran is the last remaining safety measure imposed by Azerbaijan during the pandemic

Azerbaijan's Covid curbs turn into moneyspinner despite it being over
Updated On : 10 Jul 2023 | 10:58 AM IST

Millions of Chinese curb Southeast Asian growth as they decide to stay home

The visitor statistics suggest that Southeast Asia's economic recovery this year will be muted, amid a dimming global growth outlook from tighter monetary policies

Millions of Chinese curb Southeast Asian growth as they decide to stay home
Updated On : 10 Jul 2023 | 10:50 AM IST

Banks, consumer cos to brighten earnings in India amid IT uncertainties

India's banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets

Banks, consumer cos to brighten earnings in India amid IT uncertainties
Updated On : 10 Jul 2023 | 10:51 AM IST

China slides to brink of deflation, adds urgency for economic stimulus

The consumer price index was unchanged last month from a year earlier - the weakest rate since prices fell in February 2021, according to data released by the National Bureau of Statistics on Monday

China slides to brink of deflation, adds urgency for economic stimulus
Updated On : 10 Jul 2023 | 10:51 AM IST

There's more pain ahead for S&P 500 as profit warnings loom, say investors

The biggest negative for the earnings season will be the impact of further tightening of financial conditions, said 42% of respondents

There's more pain ahead for S&P 500 as profit warnings loom, say investors
Updated On : 10 Jul 2023 | 10:52 AM IST

Janet Yellen's China trip offers economic guardrails in tense rivalry

In 10 hours of meetings Friday and Saturday, Yellen said she sought to convince China's newly installed economic team that the US isn't bent on seeking economic advantage against the country

Janet Yellen's China trip offers economic guardrails in tense rivalry
Updated On : 10 Jul 2023 | 9:09 AM IST

Saudi crude oil cuts throw last year's standout economy into slow lane

The slashing of supply will be a drag on the world's biggest oil exporter

Saudi crude oil cuts throw last year's standout economy into slow lane
Updated On : 09 Jul 2023 | 11:12 PM IST

Privatised debt load in the Britain now a major government problem

UK companies are the biggest issuers of inflation-linked debt in the developed world, with more than £40 billion ($51 billion) worth of the securities currently outstanding

Privatised debt load in the Britain now a major government problem
Updated On : 09 Jul 2023 | 11:09 PM IST

Jack Ma's clash with China costs Alibaba Group Holding, Ant $850 billion

Chinese authorities said on Friday they would wrap up a probe into Ant with the financial technology company paying a fine of almost $1 billion

Jack Ma's clash with China costs Alibaba Group Holding, Ant $850 billion
Updated On : 09 Jul 2023 | 11:02 PM IST

Excess of made-in-China plastic likely to dent oil's growth machine

The construction of more than 20 petrochemical projects - to produce raw materials that go into making everything from plastic packaging to clothing and detergents

Excess of made-in-China plastic likely to dent oil's growth machine
Updated On : 09 Jul 2023 | 10:36 AM IST

US-China ties on 'surer footing' after critical trip, says Janet Yellen

Yellen's comments were delivered at a press conference capping a four-day visit to Beijing that she'd described as a mission to revive engagement between the two largest economies

US-China ties on 'surer footing' after critical trip, says Janet Yellen
Updated On : 09 Jul 2023 | 9:31 AM IST

China looms large as Asian leaders seek to enhance ties with NATO

Japan PM will use opportunity to stress the need for relations between Japan and the North Atlantic Treaty Organization to be stronger, Chief Cabinet Secretary Hirokazu Matsuno said

China looms large as Asian leaders seek to enhance ties with NATO
Updated On : 08 Jul 2023 | 9:31 AM IST

Jack Ma-backed Ant to buy back shares at 70% lower valuation than at IPO

The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation's capital strength

Jack Ma-backed Ant to buy back shares at 70% lower valuation than at IPO
Updated On : 08 Jul 2023 | 8:57 AM IST

Elon Musk claims lawyers overbilled in fight to make him buy Twitter

Wachtell Lipton Rosen & Katz, among most profitable firms in US, exploited a brief, vulnerable period just as Musk was closing $44 bn deal, according to complaint filed in San Francisco state court

Elon Musk claims lawyers overbilled in fight to make him buy Twitter
Updated On : 08 Jul 2023 | 7:00 AM IST

Samsung reports worst decline in quarterly revenue in over a decade

The stock slid 2.4% in Seoul, the most in three months, after Samsung reported a larger-than-anticipated 22% decline in sales to 60 trillion won ($46 billion)

Samsung reports worst decline in quarterly revenue in over a decade
Updated On : 07 Jul 2023 | 2:38 PM IST

UBS Wealth boss Iqbal Khan pushes 'net new money' mantra in Asia tour

In at least his third visit to Asia in four months, Khan this week hosted evening receptions for hundreds of Credit Suisse and UBS wealth staff at the Hong Kong Convention and Exhibition Centre

UBS Wealth boss Iqbal Khan pushes 'net new money' mantra in Asia tour
Updated On : 07 Jul 2023 | 2:04 PM IST

Byju's crisis prompts top India VC firm Blume Ventures to shift strategy

Perceived corporate governance lapses are sending shockwaves through the South Asian nation's fledgling startup economy

Byju's crisis prompts top India VC firm Blume Ventures to shift strategy
Updated On : 07 Jul 2023 | 12:28 PM IST

A 445% price jump makes tomatoes more pricey than gasoline in India

Heavy rains in some growing areas and hotter-than normal temperatures last month hit output of the crop, causing a fivefold increase in prices this year

A 445% price jump makes tomatoes more pricey than gasoline in India
Updated On : 07 Jul 2023 | 10:13 AM IST

How Chinese scientists are trying to shield melting glaciers from the Sun

As they trekked upwards, oxygen canisters tucked into their fleece jackets, porters walked alongside carrying thick rolls of white fabric

How Chinese scientists are trying to shield melting glaciers from the Sun
Updated On : 07 Jul 2023 | 9:20 AM IST

Eisai Alzheimer's drug gets full US approval, widening access to therapy

The broader clearance from the Food and Drug Administration marks a milestone for treatment of the dementia that afflicts some 6 million Americans

Eisai Alzheimer's drug gets full US approval, widening access to therapy
Updated On : 07 Jul 2023 | 8:55 AM IST