Page 5 - Bloomberg

US judge seeks more details from Adani on DOJ move to drop bribery case

Judge Nicholas Garaufis has directed the Indian billionaire to file sworn responses by July 15 on whether any promises or deals were linked to the Justice Department's move to dismiss the indictment

Russia bans diesel exports after Ukrainian drone attacks hit refineries

Russia's temporary diesel export ban has pushed global fuel prices to multi-year highs, adding fresh pressure to energy markets already disrupted by the Iran war

Three top executives resign from Axis Bank as lender rejigs leadership

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned

Apple's expanded agreement with Broadcom expected to top $30 billion

Apple's chip partnership with Broadcom will exceed $30 billion, boosting US semiconductor manufacturing and supporting its AI and wireless technology ambitions

New Zealand emerging as global laboratory for climate-friendly cows

New Zealand is testing methane-cutting technologies for livestock, aiming to reduce farm emissions while protecting agricultural exports and climate goals

Trump ratchets up naval blockade threats, fresh US Strikes on Iran

Trump threatened more strikes and a renewed blockade on Iran as Tehran vowed an immediate response, raising fears of renewed conflict and oil market disruption

From New York to Tokyo, equities retreat on renewed US-Iran tensions

Global equities fell and oil prices rose after Donald Trump signalled the ceasefire with Iran may be be over, reviving concerns over inflation and interest rates

New derivatives tied to Nifty index designed for FPI get Sebi nod

NSE gets regulatory approval for foreign investor-focused derivatives as India seeks to deepen market access and revive overseas flows

Fat-loss drug sales in India loses steam after early spike from generics

The slowdown marks a sharp deceleration from the initial rush that followed the expiry of semaglutide's patent in March

Alphabet-led project drives 44% jump in India's foreign investment: UN

Total FDI rose 44% to $39 billion last year, UN Trade and Development said in its annual World Investment Report released Tuesday

Amazon's new bonds sale draws muted demand as AI debt floods market

Order book settled at about 1.6 times the deal size, below this year's average for US investment-grade bonds, as AI-related debt issuance continues to surge

Lawsuit accuses Trump admin of giving secret data to Iran on asylum seekers

The lawsuit claims that an Iranian official requested a list of its citizens subject to deportation, and the administration of President Donald Trump provided about 150 names

Blue Tokai aims to triple store count in 4 years amid rising competition

Specialty coffee chain plans to add 120 outlets this year, open its first overseas store in Dubai and target profitability by March 2028

S&P sees risks for Indian microfinance lenders' $35 billion loan book

The sector had been under stress for the last two years after rapid credit expansion left many borrowers over-leveraged, driving up defaults and prompting lenders to tighten underwriting standards

Amazon seeks to raise at least $25 billion from US dollar bond sale

The size of the offering could increase depending on investor demand, according to people familiar with the matter, who cautioned that no final decision has been made

Indian state refiners ready for Iranian oil if US extends waivers

The companies, however, have little room to buy Iranian oil immediately, having fully contracted shipments required through August after they sought to secure supplies in advance during the war

After India, Somalia raises concerns over WhatsApp username feature

Last week, India asked Meta to delay the rollout of the new feature, citing fears that it may fuel online fraud

Qatari LNG ship struck in Strait of Hormuz, testing US-Iran agreement

The vessel, owned by Qatar's state-owned shipping company Nakilat, appeared to be traveling without its transponders on, ship-tracking data show

Real estate firm K Raheja delays $700 million IPO plan by at least a year

The company now intends to revisit the plan once it has achieved greater scale, potentially allowing it to pursue a larger offering and command a higher valuation

Singapore, Zurich top world's costliest city list for luxury spending

Zurich climbed to second place, edging out London, while Monaco entered the top three for the first time since the survey began in 2020