Bloomberg
Bloomberg
Page 389 - Bloomberg
Chinese embrace summer holiday flying, passenger traffic reaches 9 mn
Free from grueling Covid restrictions at last, Chinese travelers are seizing the moment. July 1-5 passenger traffic at airports was 14% higher than in the same period in 2019
 "Chinese embrace summer holiday flying, passenger traffic reaches 9 mn")
Poisoned cough syrup traced to India reveals lapses in regulation
From cough syrup to eyedrops to life-saving medications, quality lapses in one country can now endanger lives elsewhere as never before
 "Poisoned cough syrup traced to India reveals lapses in regulation")
China's consumer inflation rate slows to zero, slides to brink of deflation
Core inflation, which excludes volatile food and energy costs, slowed to 0.4 per cent from 0.6 per cent
 "China's consumer inflation rate slows to zero, slides to brink of deflation")
Carl Icahn gets breathing room from lenders after Hindenburg attack
A principal repayment of $500 million is now due on or before September 1, according to a filing
 "Carl Icahn gets breathing room from lenders after Hindenburg attack")
Trump is unelectable, says $3.6 mn ad campaign tied to influential group
The 60-second ad features a former Trump supporter named John sitting on his front porch steps and describing Trump as a losing bet for Republicans
 "Trump is unelectable, says $3.6 mn ad campaign tied to influential group")
Bitcoin bulls take heart from smaller token Litecoin's market, beating jump
Litecoin was created in 2011 and aims for faster transactions than Bitcoin
 "Bitcoin bulls take heart from smaller token Litecoin's market, beating jump")
Threads to add $8 bn to Meta annual revenue by 2025, says analyst
Instagram's new app, designed as a direct rival to Elon Musk's Twitter, signed up 100 million users in the days since Meta launched the service last Wednesday
 "Threads to add $8 bn to Meta annual revenue by 2025, says analyst")
Reliance Industries rallies on finance unit listing, retail buyback plans
The buyback of the small number of non-promoter shares is effectively a clean-up of the shareholding before any eventual IPO of the retail venture, JPMorgan Chase & Co. said in a note
 "Reliance Industries rallies on finance unit listing, retail buyback plans")
$7.5 bn SGX-traded futures has tepid start after shifting to India
The average number of open contracts for NSE International Exchange's key product GIFT Nifty was 32,934 in the week to July 7, according to data compiled by Bloomberg
 "$7.5 bn SGX-traded futures has tepid start after shifting to India")
Why Europe can't give weapons to Ukraine quickly even after 1.5 yrs of war
The calculation matters beyond the corporate offices of Europe's defence industry, which collectively generates about €120 billion a year in revenues
 "Why Europe can't give weapons to Ukraine quickly even after 1.5 yrs of war")
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")
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")
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")
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")
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")
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")
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")
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")
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")
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")