Page 512 - Bloomberg

JP Morgan CEO Dimon slams crypto tokens as 'decentralised Ponzi schemes'

"I'm a major skeptic on crypto tokens, which you call currency, like Bitcoin," the JPMorgan Chase & Co CEO James Dimon said

Goldman Sachs cuts China's growth forecast for 2023 as Covid Zero stays

Goldman Sachs cut its 2023 economic growth forecast for China sharply, predicting Beijing will stick to its stringent Covid Zero policies through at least the first quarter of next year

World's second-biggest fortune fails to halt rout in bonds of Adani firms

Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices

Fed delivers third-straight big hike, sees more increases ahead

Fed signaled more large increases to come in new projections showing its policy rate rising to 4.4% by the end of this year before topping out at 4.6% in 2023 to battle continued strong inflation

Bank of America expects IPOs in India to pick up within six months

Purohit expects mergers, acquisitions activity in India will continue to be strong, aided by consolidation in consumer facing industries such as financial services, consumer internet-based companies

Adani Ports secures Rs 25,000-cr port project in West Bengal

The state government expects to create 25,000 direct jobs and over 100,000 indirect jobs through this port

Putin mobilises 300,000 more troops, wields Ukraine nuclear threat

"Those who are trying to blackmail us with nuclear weapons should know that the wind patterns can also turn in their direction," the president said, accusing the US and allies of seeking to "destroy"

China losing predictability as European firms rethink future investments

Recent Chinese policy decisions mean the country is now seen as "less predictable, less reliable and less efficient" according to the report published by the European Union Chamber of Commerce

FTC chair says will tighten orders as Twitter whistleblower exposes flaws

Federal Trade Commission Chair Lina Khan said her agency is taking a stronger approach to consent decrees compared to a 2011 deal with Twitter Inc. that was criticized in a whistle-blower's complaint

ADB cuts outlook for developing Asia growth on slowing China expansion

The Asian Development Bank cut its growth forecast for China and also lowered its outlook for developing Asia amid rising interest rates, a prolonged war in Ukraine and Beijing's Covid Zero policy

Senators urge Biden admin for secondary sanctions on Russian oil purchases

The push comes as the US and Group of Seven nations seek to limit Russian President Vladimir Putin's ability to fund his war in Ukraine

Over half of US car sales will be electric by 2030 fuelled by Biden's push

Just over half of passenger cars sold in the US will be electric vehicles by 2030, according to a report from BloombergNEF

Why CDC isn't able to find an answer to 400-500 daily Covid deaths in US?

Who are the 400-500 people in the US who are still dying from this disease each day and what could be done to prevent these deaths?

Why are electric vehicles still so expensive? Blame the manufacturers

EVs are built with fewer parts than regular cars, and they're often sourced from other companies

Adani Group pledges stake worth $13 bn in ACC, Ambuja Cements

The pledge comes as the tycoon's ambitious dealmaking in an array of new sectors from green energy to media raises concerns over the high level of debt across the Adani group.

YouTube takes on TikTok by plugging advertising into Shorts videos

Creators can join "whether they want to be the next big thing or just need help paying the bills," Mohan said at the company's Los Angeles production space

A painful halt: If you work in film and TV, get ready for layoff

A multiyear boom in film and TV production, driven by media firms racing to sign up subscribers for their new streaming services, has come to a painful halt

Morgan Stanley to pay $35 mn to settle SEC charges over data security

Morgan Stanley agreed to pay the penalty and settle the case without admitting or denying the allegations.

Goldman cuts at least 25 bankers in Asia amid deal drought in China: Report

The reductions come after Goldman went on an unprecedented hiring spree in mainland China and Hong Kong last year as China opened its financial market fully to foreign brokerages and asset managers

Russia likely to flood Asia with fuel as Europe ramps up sanctions

India and China took a combined 2.7 million barrels a day of Russian crude and products last month, 54% higher than a year earlier