Bloomberg
Bloomberg
Page 408 - Bloomberg
Softbank moves to slash Alibaba stake fueling a $13 billion slump
The contracts give SoftBank the option to buy the shares back, but the group has settled previous deals by handing over the stock
 "Softbank moves to slash Alibaba stake fueling a $13 billion slump")
US unemployment claims increase to 239,000, led by jump in California
Initial unemployment claims rose by 11,000 to 239,000 in the week ended April 8, Labor Department data showed Thursday
 "US unemployment claims increase to 239,000, led by jump in California")
International Monetary Fund can help developing nations by helping planet
Tackling the issue requires a long-term vision for sovereign financing to achieve greater stability and resilience in developing economies
 "International Monetary Fund can help developing nations by helping planet")
Amazon CEO Jassy pledges to keep investing in big bets amid cost cuts
The missive coincides with a period of rolling layoffs at the Seattle-based company, as executives seek to cut costs and wind down marginal or unprofitable projects
 "Amazon CEO Jassy pledges to keep investing in big bets amid cost cuts")
Battery vs hydrogen trucks: Race to clean up emissions is just starting
While hydrogen trucks offer long driving range and quick refueling, only a few very expensive models are on the market. Battery-electric rigs are relatively cheaper and more widely available
 "Battery vs hydrogen trucks: Race to clean up emissions is just starting")
HSBC's London office shortlist includes former Goldman Sachs headquarters
The shortlist has not yet been finalized and HSBC may also choose to stay at its existing HQ and carry out a refurbishment while remaining in occupation, sources said
 "HSBC's London office shortlist includes former Goldman Sachs headquarters")
HSBC planning to add 30 private bankers in fresh India wealth push
HSBC's plans reflect an increasing competition to manage the growing wealth in India among both global and local firms, which has enticed the London-based bank
 "HSBC planning to add 30 private bankers in fresh India wealth push")
NTPC mulls fresh offers for stake in green unit after top bidder pulls out
The fiscal year ended in March was expected to be a significant milestone for NTPC Green, the face of transition for the country's biggest coal consumer
 "NTPC mulls fresh offers for stake in green unit after top bidder pulls out")
Soaring milk prices may become a hurdle in Modi govt's inflation fight
"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist
 "Soaring milk prices may become a hurdle in Modi govt's inflation fight")
Apple triples India iPhone output to $7 bn in FY23 in China shift
Apple will likely try to manufacture the next iPhones in India at the same time as in China, sometime in the fall of 2023
 "Apple triples India iPhone output to $7 bn in FY23 in China shift")
Singapore sees new Covid wave as mask mandates dropped, cases mostly mild
"Singapore continues to expect new Covid infection waves from time to time, similar to other endemic respiratory diseases such as influenza"
 "Singapore sees new Covid wave as mask mandates dropped, cases mostly mild")
Crude oil at sea surges in fresh sign of Russian flows going farther
The increase reflects the recasting of the global oil market following Russia's invasion of Ukraine
 "Crude oil at sea surges in fresh sign of Russian flows going farther")
Singapore sees new Covid wave as mask mandates dropped, cases mostly mild
"Singapore continues to expect new Covid infection waves from time to time, similar to other endemic respiratory diseases such as influenza"
Russia's flagship oil moves closer to $60/barrel cap threshold
The Group of Seven nations last year imposed a cap of $60 a barrel on crude shipped from Russia to limit the Kremlin's profits amid the war in Ukraine
 "Russia's flagship oil moves closer to $60/barrel cap threshold")
Macquarie mulls sale of 9 road projects in India for $1.5 billion
The firm is in preliminary discussions with advisers about the potential deal, the people said, asked not to be identified discussing a private matter
 "Macquarie mulls sale of 9 road projects in India for $1.5 billion")
UBS Group weighs retaining Credit Suisse's private banking unit in India
Credit Suisse has just over 40 wealth management employees in India, and around 7,000 people overall in the country, according to a spokesperson for the bank
 "UBS Group weighs retaining Credit Suisse's private banking unit in India")
Adani's utility to supply 60% green power to Mumbai by 2027
Renewables accounted for 30% of power procurement for Adani Electricity as of March 31 - a ten-fold jump over the last two years, the company said in a presentation to stock exchanges Wednesday
 "Adani's utility to supply 60% green power to Mumbai by 2027")
Taiwan ruling party taps vice-president for closely-watched election
Taiwan's vice president, Lai was confirmed as the ruling Democratic Progressive Party's candidate in next year's presidential election
 "Taiwan ruling party taps vice-president for closely-watched election")
EY calls off splitting audit and consulting units as yearlong talks fail
The firm intended to spin off its consulting business and much of its tax practice into a stand-alone public company
 "EY calls off splitting audit and consulting units as yearlong talks fail")
China will support Sri Lanka's debt rework, says Central bank governor
The IMF on March 20 approved a $3 billion loan for the island nation to help bail it out of the worst economic crisis in decades
 "China will support Sri Lanka's debt rework, says Central bank governor")
