Page 550 - Bloomberg

RBI may have boosted forwards intervention to slow rupee fall, save reserve

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April

Xi Jinping reaffirms growth target that analysts say is out of reach

Chinese President Xi Jinping pledged to meet economic targets for the year even as the government's zero tolerance approach to combating Covid outbreaks

Reliance Industries seeks new technologies to make cheaper green hydrogen

As part of the push, Reliance Industries also plans to bid for any production-linked incentives the government may offer to encourage the technology

Shipping costs soar as Russian fallout overpowers global fuel flows

The Russian invasion has exacerbated a tightening of energy markets, upending trade flows and forcing buyers to scour the world for alternative fuel supplies

Elon Musk says new Tesla plants are 'money furnaces' losing billions

"Both Berlin and Austin factories are gigantic money furnaces right now," the chief executive officer said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday

SoftBank's Masayoshi Son to face shareholders shaken by $34 bn loss

Shareholders looking for signs of recovery see a portfolio awash with red instead

Rich-poor divide on clean power getting wider and hurting climate fight

Investment in clean energy has only accelerated in the years since Covid-19 struck. In the second half of the last decade, it grew at a 2% annual rate

Biodiversity loss may push India, China closer to default: Report

A "partial ecosystems collapse" of fisheries, tropical timber production and wild pollination would increase annual borrowing costs for 26 nations including the US by $53 billion

India, China may be buying more oil from Russia than known, says US

China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline

Jack Ma's Ant Group set to apply for China finance licence this month

The People's Bank of China intends to accept Ant's application to become a financial holding company once it's submitted

Crude oil buckles as recession angst rattles commodity investors

While crude has been shaky over the past week, plunging 6.8% on Friday, there's little respite to the tightness in refined fuel markets

JPMorgan laying off hundreds in mortgage business after rate surge

The total affected will be more than 1,000 workers, with about half moved to different divisions within the biggest US bank, according to people familiar with the matter

Crypto platform FalconX doubles valuation to $8 bn despite downturn

The San Mateo, California-based startup said Wednesday that it had raised $150 million in a Series D funding from investors led by GIC and B Capital, a previous investor.

Rupee set to weaken beyond 80 per dollar due to rising crude prices: BofA

The currency has already slumped more than 5% this year as Russia's invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March

Amid testing times, SoftBank Group Int'l CEO leaves after 5 months on job

Five years of deploying billions of dollars into some of world's most celebrated startups saddled SoftBank Group with a record loss in the year ended in March after a global rout in tech valuations

China Premier Li Keqiang's trip to wheat farm shows food, inflation worries

Li stressed the importance of the wheat harvest this year while touring a farm in Gaobeidian, a city in the northern province of Hebei, Xinhua said on Tuesday

Nuclear power is the future. Tiger Global and Bill Gates know it

Nuclear power stands to be the solution, or at least fill major energy gaps, in the coming years

Oversupply of India bonds to drive yields to 8%: Standard Chartered

Standard Chartered estimates that excess India bond supply may total between Rs 3.8 trillion to Rs 6.3 trillion this fiscal year, according to a June 8 note

Big banks led by JPMorgan likely to return $80 billion to investors

JPMorgan Chase & Co. is set to lead the group with $18.9 billion in combined dividends and share buybacks

Tesla to slash salaried staff by about 10% in the next three months

Overall reduction to be 3.5% as hourly staff expected to grow