Page 573 - Bloomberg

Maruti to shift focus to high-end cars as demand for hatchbacks shrinks

There has been a 25% decline in the market for hatchbacks in the last four years due to increase in commodity prices and taxes by state governments

End of easy money brings with it a $410-billion global financial shock

Inflation is pushing central banks to shrink their balance sheets as they hike interest rates, adding a new risk for the world economy hit by war and lockdowns

Heat to singe India's wheat supplies, adding to world food shortage worries

That's spurring estimates that yields have slumped 10% to 50% this season, according to almost two dozen farmers and local government officials surveyed by Bloomberg

China's stringent Covid curbs threatens to derail world's emerging markets

Fresh Covid outbreaks are spooking global investors who fear shutdowns in China will echo across the world by lowering demand and disrupting supply chains

Biggest treasury buyer outside US quietly offloads nearly $60 bn

The latest data from BMO Capital Markets show the largest overseas holder of Treasuries has offloaded almost $60 billion over the past three months

European Union to propose phasing out Russian oil by the end of the year

The EU will also push for more banks from Russia and Belarus to be cut off from the international payment system SWIFT, including Sberbank, said the people

LIC IPO gets bids from large investors for twice the anchor book

The LIC IPO aims to price shares between 902 rupees and 949 rupees each

Russia to quit International Space Station over Ukraine invasion sanctions

Rogozin earlier this month threatened to end Russia's mission unless the U.S., European Union and Canada lifted sanctions against enterprises involved in the Russian space industry.

Supply chains flare up again, endangering global economy's recovery

Some observers say now is a good time to focus on different metrics than traditional measures of employment, prices and gross domestic product

Tennis star Boris Becker jailed for 2.5 years over bankruptcy dishonesty

Becker, a three-time Wimbledon winner, was accused of "deliberately and dishonestly" putting funds out of reach of creditors.

Amazon's Covid-era buildout proves too much as demand cools

The dour results and forecast sent shares down about 13 per cent in early trade on Friday

GIC Pte, ADIA and Norway Sovereign Wealth Fund to invest in LIC IPO

Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified

India's heatwaves to get worse: 'the only reason is global warming'

Thermometer readings have already reached 46 degrees Celsius in central and northern India, with two months to go before the monsoon season.

Vedanta plans to issue $1.5 billion dividend, lifting parent's bonds

The parent firm's dollar bonds rose the most in six weeks Friday, with the notes maturing in July hitting the highest level since October, according to Bloomberg-compiled data

Electric scooter fires undermining India's bid to become leader in EVs

The fires in Indian EVs have also sparked debate about India's dependency on imported auto parts that are then assembled locally

Startup firms let Indian retail investors buy corporate debt at $130

The new start ups are seeking to reassure investors they are doing all they can to protect their clients

Insolvent Sri Lanka should swap its central bank with currency board

Currency boards are typically associated with lower inflation, higher economic growth and smaller fiscal deficits when compared with hard pegs that are supported by promises, rather than protocols

Musk's tweet leads to wave of abuse against Twitter lawyer Vijaya Gadde

Musk, who has 86.4 million followers on Twitter and has clinched a deal to buy the company for $44 billion, often uses the site as a way to criticise Twitter's decisions

Now, Central African Republic says Bitcoin is its official currency

The country is following the lead of El Salvador, which in September became the first nation to introduce Bitcoin as legal tender

'Dollar is king' mantra rings across currencies as yen drops to 20-year low

Traders focus on potential half-point Federal Reserve rate hike next week; Bloomberg dollar gauge set for best monthly gain in a decade