Bloomberg
Bloomberg
Page 399 - Bloomberg
US labour costs pick up, likely locking in one more Fed rate hike
The employment cost index, a broad gauge of wages and benefits, increased 1.2% in the first quarter, according to Labor Department figures released Friday
 "US labour costs pick up, likely locking in one more Fed rate hike")
Foreign executives in China ask 'Who's Next?' After Bain & Company probe
US consultancy Bain & Company confirmed this week that Chinese authorities questioned staff at its Shanghai office, without revealing details on the nature of the investigation
 "Foreign executives in China ask 'Who's Next?' After Bain & Company probe")
Adani Cement pre-pays $200 million Holcim debt, seeks loan extension
Global banks had lent Adani $4.5 billion to finance the purchase of Holcim Ltd
 "Adani Cement pre-pays $200 million Holcim debt, seeks loan extension")
How Russian oil is still powering Europe's cars with help from India
Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia, Kpler's data show
 "How Russian oil is still powering Europe's cars with help from India")
How the world backed two generals, and put Sudan on the path to war
Sudan has known just 17 years of peace in its nearly 70 years of independence
 "How the world backed two generals, and put Sudan on the path to war")
Zuckerberg's fortune jumps $10 bn on Meta's robust first-quarter sales
Meta shares rose 14% after the earnings report, lifting Zuckerberg's fortune to $87.3 billion
 "Zuckerberg's fortune jumps $10 bn on Meta's robust first-quarter sales")
After a decade in wilderness, Indian banks healthy, but still not cautious
With everything going well, lenders should be turning cautious. But recent full-yr results show an opposite trend: Provisions for future loan losses are beginning to decline. This may not be prudent
 "After a decade in wilderness, Indian banks healthy, but still not cautious")
Long-range Airbus jets will put India within reach, says Wizz Air
Wizz Air has 47 of the long-range Airbus A321 XLR on order, with deliveries set to start sometime in 2024
 "Long-range Airbus jets will put India within reach, says Wizz Air")
GAP job cuts will eliminate about 1,800 positions as part of restructuring
The cuts are in addition to the 500 corporate jobs that Gap eliminated in September. Gap had 95,000 employees as of the end of January
 "GAP job cuts will eliminate about 1,800 positions as part of restructuring")
Bitcoin extends recent bout of volatility in climb back toward $30,000
The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m. in New York
 "Bitcoin extends recent bout of volatility in climb back toward $30,000")
First Republic stuck between US, banks as both sides try to avoid losses
As the bank's stock keeps lurching lower - dropping 49% on Tuesday and 30% on Wednesday - regulators have so far refrained from stepping in
 "First Republic stuck between US, banks as both sides try to avoid losses")
Shipping has largely relied on one fuel. It now needs many: Sparklines
While emissions in the global power sector may be close to peaking, international shipping emissions show no signs of doing the same
 "Shipping has largely relied on one fuel. It now needs many: Sparklines")
Meta gears up for fine and ban in clash over EU-US data transfers
The Irish Data Protection Commission, the main EU privacy watchdog in charge of Meta's Facebook, will announce the decision next month, the company said in its quarterly report
Credit Suisse employee bonuses tied to AT1 bonds were also wiped out
The move, described by people briefed on the decision, erases so-called contingent capital awards that had been worth 360 million Swiss francs ($403 million) at the end of 2022
 "Credit Suisse employee bonuses tied to AT1 bonds were also wiped out")
Adani Group aims to raise about $800 mn for financing green energy projects
Any project financing could show banks' increasing comfort in extending money, after Adani's ports-to-power conglomerate was roiled by accusations of corporate fraud by Hindenburg Research
 "Adani Group aims to raise about $800 mn for financing green energy projects")
India's anti-trust law raises penalty, seeks deposit before appeal
India's income tax law too requires a deposit of 20% before appeal
 "India's anti-trust law raises penalty, seeks deposit before appeal")
Lack of planes, customers willing to pay more to keep flying expensive
As many as 16,000 aircraft - about two-thirds of the world's commercial fleet - was grounded at the height of the pandemic
 "Lack of planes, customers willing to pay more to keep flying expensive")
Long-term sickness costing UK economy GBP 43 bn a year, finds study
"UK economy faces a series of overlapping crises: low productivity, low growth, widening inequality and an historic fall in living standards."
 "Long-term sickness costing UK economy GBP 43 bn a year, finds study")
Pencilmaker Doms Industries looks to go public to raise $300 million
RR Group launched the stationary brand Doms in 2006 and later consolidated its operations based in Umbergaon and renamed as Doms
 "Pencilmaker Doms Industries looks to go public to raise $300 million")
Apple's AI coach Quartz will track mood to keep you fit & motivated
The move is part of a broader health push at the company. Its latest efforts also include an expansion of the health app to the iPad and features that could help users with poor vision.
 "Apple's AI coach Quartz will track mood to keep you fit & motivated")
