Page 572 - Bloomberg

RBI should raise rates more to fulfil inflation mandate, regain credibility

Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.

As India faces power outages a 46-degree heat wave is making it worse

Electricity outages and curbs have spread across more than half of all states and the nation's coal-dominated energy system is expected to come under further strain

Volkswagen sees better chip supplies in second half boosting output

VW confirmed a projection that deliveries will rise by as much as 10% this year, it said Wednesday, even after production slumped by 12% during the first three months

Rights of Americans are at risk: Kamala Harris on SC draft leak

She drew sharp contrasts with Republicans, who she said sought to limit the freedom of women and other Americans

Didi Global faces SEC investigation for $4.4-billion US IPO

Didi's shares were down 7% in US pre-market trading, deepening an 85% loss since its initial public offering in the summer of last year

Aston Martin CEO to step down, be replaced by ex-Ferrari chief

Aston Martin named current board member Amedeo Felisa as chief executive officer to replace German manager Tobias Moers

Fed hikes rates half point, will shrink assets to curb US inflation

The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.

Yellen sees solid growth and possible 'soft landing' for US economy

A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates

India considering wheat export curbs after heat waves damage crops: Report

The South Asian nation experienced its hottest March on record, shriveling the wheat crop that the world was relying on to alleviate a global shortage

India wants Russia to discount its oil to below $70 a barrel amid war

India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter

Mumbai airport gets $750 million from private bond sale to Apollo Global

A major bond market rout globally has prompted several Asian companies to revise their dent sale plans.

LIC IPO subscription to stay open on Saturday for retail investors

Retail investors will be alloted 35% of the total shares in the offer, and given a discount of 45 rupees from the IPO price

India's heat waves, power outages testing the limits of human survival

Multiple regions of India have already been edging close to critical wet-bulb temperatures over the past week

Power giant NTPC rushing back to coal as India's energy crisis worsens

NTPC will this month award a contract to construct a 1,320-megawatt plant in Odisha

Facebook pulls the plug on podcast business after a year: Report

Podcasts won't be available on Facebook after June 3; company will also end short-form audio feature, shut audio hub

Citigroup behind error that wiped out $315 billion from European markets

The bank said it identified the error "within minutes" and corrected it

Bond rout deepens as US Fed weighs worst rate hike in 22 years

Australian bonds slid, and the currency jumped, after the nation's central bank increased borrowing costs by more than many had expected

Pfizer stock falls as Covid pill fails in preventive therapy trial

The trial failure, along with reports of rebounding coronavirus levels in some patients who have completed a course of Paxlovid, are unlikely to change the drug's sales potential

Elon Musk's grand vision for Twitter faces reality check in Asian countries

It's not clear how Musk would reconcile his support for more free speech with strict government controls.

European Union charges Apple for keeping rivals away from its pay tech

Apple could face a fine up to 10 per cent of its global turnover or $36.6 billion based on its revenue last year, though EU penalties rarely reach the cap