Page 393 - Bloomberg

For advising on $64 billion HDFC Bank deal, bankers get a 0.0002% fee

HDFC's all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million

Twitter accused of ducking legal fight over Elon Musk's mass layoffs

About 2,000 former Twitter employees have resorted to fighting their claims in arbitration as the company has demanded - but Twitter hasn't shown up, according to a complaint filed Monday

Tata Group job opening ads for UK cell developer hints at local factory

The plant is set to make batteries for Jaguar Land Rover's planned range o fully electric models that are due from 2024.

AstraZeneca's cancer drug shows more potential over chemotherapy: Study

The results potentially validate Astra's decision to pay as much as $6 billion for the right to develop the medicine with Daiichi Sankyo Co. and its bet to revive growth a decade ago

Weak rural labour market pushes India's unemployment rate above 8%

The unemployment rate jumped to 8.45% in June from 7.68% in the previous month, according to the Centre for Monitoring Indian Economy Pvt. While unemployment in urban areas eased to 7.87% last month

India's oil imports from Russia climb to new peak as buying limit nears

Daily volumes climbed to 2.2 million barrels a day in June, rising for a 10th month, according to Viktor Katona, the head of crude analysis at Kpler

IBM throws weight behind Japanese chip startup it sees as crucial

Rapidus, a venture backed by some of Japan's biggest electronics firms, is turning IBM's 2-nanometer chip design into production-ready silicon and aims to fabricate such chips

Switzerland investigates ex-CEO Thomas Gottstein of Credit Suisse

Gottstein is among the Credit Suisse officials under investigation, the Swiss newspaper said

France counts the cost as riots start to ease during fifth night of unrest

Interior minister hails a 'calmer' night even as rioters ram-raid and torch home of a Paris suburb mayor and police arrest 719 more

How dizzying bond moves put 4% yield in play to win over investors

Yields for most tenors approached the highest levels seen so far this year, while wagers that the US Federal Reserve (Fed) might cut interest rates this year fizzled

$7.5 bn derivative trade shifts to India as SGX feud comes to end

SGX Nifty, the Singapore Exchange Ltd.-traded futures on India's key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City

China goes on natural gas buying spree like there's still an energy crisis

The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle of the century

Edtech start-up Byju's and lenders renew talks to restructure $1.2 bn loan

Byju's and its lenders have been mired in a conflict for several months following rounds of failed negotiations to revamp its loan agreement

Apple makes Wall St history as first company with market value over $3 trn

The iPhone maker briefly rose above the $3 trillion level in early 2022, although it failed to close above it, and that peak marked the start of a downtrend that has now been fully erased

Twitter blocks people from viewing tweets, profiles unless registered

In April, Musk temporarily disabled likes, replies and retweets if a tweet had a link to Substack, the newsletter platform. After complaints, Musk then reversed that change

China has $3 trillion of 'hidden' currency reserves, says US economist

A lot of the country's foreign-exchange reserves don't show up in the official books of the People's Bank of China, the former US trade and Treasury official wrote in a report

Pakistan clinches initial approval from IMF for $3 bn loan programme

The staff-level agreement is subject to approval by the IMF Executive Board, with its consideration expected by mid-July, the Washington-based lender said in a statement

China dispatches senior diplomat to Italy to persuade nation to stay in BRI

Beijing is trying to persuade Europe to take a less hawkish stance than the US, which has imposed a sweeping raft of export controls on China to curb its access to advanced technology

China growth momentum slows further amid calls for more policy support

Speculation about potential policy support has been mounting as the recovery for the world's second-largest economy loses traction

Homegrown bank giant bigger than Morgan Stanley to arise from India merger

The tieup of HDFC Bank & Housing Development Finance Corp creates a lender that ranks 4th in equity m-cap, behind JPMorgan Chase, Industrial and Commercial Bank of China and Bank of America Corp