Page 504 - Bloomberg

Anil Agarwal faces key vote for plan to tap Vedanta cash reserves

Shareholders of Indian unit Vedanta Ltd. will on a company plan to move money out of its reserves and into its balance sheet, increasing the probability that the funds will be used for dividends

Mukesh Ambani joins the list of global rich with family office in Singapore

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.

Crypto hacked again in $100 million theft of Binance-backed blockchain

An exploit occurred on a bridge between blockchains and the issue is "contained now," Changpeng "CZ" Zhao, billionaire co-founder of Binance, the world's biggest crypto exchange, said on Twitter

Credit Suisse offers to buy back debt securities worth 3 bn Swiss francs

Credit Suisse Group AG is offering to buy back debt securities for cash worth approximately 3 billion Swiss francs, just as the embattled lender tries to put finishing touches on a planned overhaul

Kremlin tells state media to start admitting some failures in Ukraine war

After months of reporting virtually nothing but battlefield successes, state TV has lately been cataloging Russian retreats and defeats - without the usual positive spin from the Ministry of Defence

Chipmakers see 'breathtaking drop' in demand as global recession looms

Samsung reported a 32% dive in operating income, while PC-processor chipmaker AMD said it will miss its earlier forecast by about $1 billion

Crypto exchange ZebPay applies for license in Singapore, also eyeing UAE

Daily trading volume on ZebPay has dropped from a high of $122 million in October 2021 to just over $700,000, data from Nomics shows

140 organisations worldwide ask IMF to issue $650 bn to help poor nations

Allocating more IMF reserve assets known as special drawing rights, or SDRs, "would immediately make hundreds of billions of dollars available to nearly all low- and middle-income IMF member countries

UK shows labour market slowdown with recession concerns rising: Survey

As a result, vacancies and the number of people placed in roles both rose at the slowest pace in more than a year and a half

Looking for job? US searching for foreign workers; hiring needs moderating

The Federal Reserve is raising interest rates aggressively to help lower spending on goods and services and reduce demand for workers, which could in turn soften wage growth

World currency reserves shrink by $1 trn this yr in record drawdown

Reserves have declined by about $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003

Apple's 1.1 bn euros French anti-competitive agreement fine slashed by 66%

"The 90% multiple is disproportionate," the court said in its ruling. "A 50% multiple is sufficient to guarantee that the penalties are repressive and dissuasive"

Credit Suisse's shares need 'clarity' to halt slump, says JPMorgan

While the bank continues to get buffeted by negative newsflow on uncertainty over its strategy, clarity on its restructuring plans can help to restore stability, wrote expert in a note

India, Indonesia debt outperforms China despite volatile global markets

The two countries' sovereign debt only lost 0.4% and 1.5% respectively for dollar-based investors in the third quarter, less than other emerging markets in Asia including China

HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia

Credit Suisse Group AG's Christopher Chua is leaving the bank to help oversee the Asia mergers and acquisitions business at HSBC Holdings Plc

Fitch Ratings cuts UK's credit outlook to negative on fiscal risk

The UK's credit outlook was lowered to negative from stable by Fitch Ratings, which cited risk the government's new growth plan could increase the nation's fiscal deficit

Secretive Chinese chip startup may help Huawei circumvent US sanctions

The Chinese technology giant is providing support to a startup in its hometown of Shenzhen that has ordered chipmaking equipment -- including from foreign suppliers -- for a semiconductor manufacturin

Uber's former security chief convicted of concealing massive data breach

Uber Technologies' former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company's troubled past under its original leadership

Apple made illegal anti-union threats in Oklahoma, alleges complaint

Apple is violating federal labor law by engaging in surveillance and interrogation of employees, according to the CWA's claim

Virgin Atlantic pulls out of Hong Kong; cancels flights, closes offices

Virgin Atlantic Airways Ltd. hasn't operated any passenger flights to Hong Kong since December, after the city banned all flights from the UK during the depths of Covid