Bloomberg
Bloomberg
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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")
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")
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")
Indian Rare-Earths eyes 400% expansion for clean energy transition
State-owned IREL (India) Ltd. aims to mine 50 million tonnes a year of rare-earths bearing ore by end-2032, up from 10 million tonnes now
 "Indian Rare-Earths eyes 400% expansion for clean energy transition")
J&J unit says cancer victims who won't settle seek to block $8.9 bn deal
LTL has the backing of 60,000 victims, or about two thirds of all claimants, lawyer Gregory M. Gordon said in federal court on Tuesday
 "J&J unit says cancer victims who won't settle seek to block $8.9 bn deal")
OpenAI will pay people to highlight vulnerabilities in bot ChatGPT
The AI company wrote in a blog post on Tuesday that it has rolled out bug bounty program through which people can report weaknesses, bugs or or security problems they find while using its AI products
 "OpenAI will pay people to highlight vulnerabilities in bot ChatGPT")
'World economy has improved': Janet Yellen plays down banking woes
The Treasury head is scheduled to take questions from the media following her remarks, which come at the beginning of the World Bank and International Monetary Fund's spring meetings
 "'World economy has improved': Janet Yellen plays down banking woes")
Bank of America clients withdraw $2.3 bn from US stocks of all sizes
That was the second consecutive week of outflows, BofA strategists led by Jill Carey Hall wrote in a note Tuesday
 "Bank of America clients withdraw $2.3 bn from US stocks of all sizes")
Russia's flagship oil is moving ever closer to $60 per barrel cap
The price of Russia's flagship Urals crude at the point of export is getting closer to the $60 limit, data from Argus Media Ltd. show
IMF warns it's too soon to sound all-clear on global financial turmoil
While forceful actions by policymakers to a series of bank collapses have reduced investor anxiety, the financial markets remain fragile and stressed, the IMF said
 "IMF warns it's too soon to sound all-clear on global financial turmoil")
YouTube gives its own TV customers $100 break on NFL's Sunday ticket
After a promotional period expires on June 6, the 2023 season of the Sunday Ticket will cost $349 to $449, the company said Tuesday, again with YouTube TV subscribers getting the lower price
 "YouTube gives its own TV customers $100 break on NFL's Sunday ticket")