Page 508 - Bloomberg

India eyes $550 million incentives to woo companies like Apple, Dell

The technology ministry has floated the revamped program to electronics industry executives for consultation, including payments that could exceed a half a billion dollars per company

SoftBank cuts about 150 staff globally, including at Vision Fund: Report

The Tokyo-based company informed some staff Thursday and at least 100 workers will likely be affected, said the people, asking not to be named as the information is not public

Hurricane Ian one of strongest storms to make landfall in Florida, US

After rapidly intensifying over warm waters in the Gulf of Mexico, Hurricane Ian slammed into southwestern Florida yesterday as a massive Category 4 storm

King Charles III may not replace Queen Elizabeth on Australia's $5 notes

Just weeks after Queen Elizabeth II's death, Australia is already hinting it might not replace her with King Charles III on its five-dollar banknotes when they're eventually reprinted

Total CEO pushes spending on renewable energy amid global energy crisis

The French oil major is increasing spending on renewable energy and on reducing its emissions next year to 33% of annual capital expenditure, compared with 25% going into clean power this year

Hurricane Ian has potential for 'catastrophic' chemical leak in Florida

As Floridians board up their homes and businesses brace for Hurricane Ian's impact, environmental groups worry there's one big hazard that's been left exposed to storm damage

RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps

The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.

TotalEnergies may trim stake in Adani Green to cash in on valuation jump

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani.

10-year yield on US Treasury notes breaches 4% mark after 12 yrs

The benchmark US 10-year yield was little changed at 3.945 per cent after earlier climbing to 4.015 per cent.

Plunging global markets trigger new intervention warnings in Asia

South Korea joined a growing list of interventions on Wednesday, with the central bank saying it will buy as much as $2.1 billion worth of sovereign debt.

Apple abandons plans to increase iPhone production after demand falters

Apple had upgraded its sales projections in the weeks leading up to the iPhone 14 release and some of its suppliers had started making preparations for a 7% boost in orders

World's biggest air-conditioner maker Daikin doubles down on India

Daikin Industries Ltd is betting that sales and production in India will eventually make up a bigger part of the company as the nation outpaces global growth

India's potash facing demand destruction as world reels from high prices

Potash consumption will probably fall to 3 million tons in the year through March 2023 from 5 million a year earlier

Asian central banks need broader foreign exchange defence as reserves slide

India is already estimated to have spent $75.1 bn this year supporting the rupee in the spot and forward markets, while China has probably spent $39.6 bn

Hostile media bid shows how Asia's richest can align and dominate a sector

The NDTV acquisition, if successful, would make Adani and Ambani straight-up rivals in a sector for the first time, given Ambani's control of large media assets including news channels

Alzheimer's progression slows by 27% in large-scale drug trial

Lecanemab reduced the pace of cognitive decline in people with early disease by 27% over 18 months when compared with a placebo, meeting the main goal of the trial

IMF tells UK to 're-evaluate' unfunded tax cuts as global criticism mounts

Prime Minister Liz Truss's decision to cut taxes by the most since the early 1970s and cover them via borrowing at a time of surging inflation has rattled financial markets and drawn concern

Xi Jinping makes first public appearance since returning from overseas

The Chinese leader was accompanied by the other six members of the Politburo Standing Committee, a sign of unity after rumors circulated on Twitter about a challenge to his power

Attack on women fuels gender debate ahead of assembly elections in Kuwait

It's one of a number of attacks, some fatal, against women in recent years that are focusing attention on gender-based violence, political representation and rights as Kuwaitis prepare to vote

India rules out tax policy changes for inclusion of bonds in global indices

The government doesn't plan to waive capital gains taxes, and it's concerned that foreign inflows will increase the volatility of local markets