Page 574 - Bloomberg

Meta Platforms stock jumps 19% as Facebook returns to user growth

The company reports slowest rise in revenue in a decade

Unilever raises prices, warns of more hikes on cost pressures

Unilever, Carlsberg and Pernod Ricard are increasing the pressure on consumers worldwide with higher prices for Dove soap, beer and Havana Club rum

US economy posts surprise contraction, belying solid consumer picture

While the surprise contraction adds to political headaches for President Joe Biden, it's unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation

Govt cancels some passenger trains to make way for coal amid power crisis

India has canceled some passenger trains to allow for faster movement of coal carriages as the nation scrambles to replenish depleting inventories at power plants\

Sri Lanka crisis opens tea export opportunity that India may miss

Sri Lanka mainly produces orthodox tea, which tends to be harvested and processed by hand. It is popular with tea drinkers in Russia and some eastern European countries.

Vedanta to pay Rs 117.1 billion in dividends as Q4 profit drops

Shares of Vedanta fell 0.2% in Mumbai on Thursday before the earnings were published, paring the year's gains to 21%.

Your shopping bill to get even higher. Blame Indonesia's palm oil ban

The move adds to the impact of Russia's invasion of Ukraine, which plunged the global edible oil market into disarray.

Billionaire tech pioneer Nilekani takes on Amazon, Walmart in India

India has become a battlefield for some global retail behemoths that are either shut out of China or are struggling to compete with local rivals there

World Bank to give $600-million aid to Lanka to overcome economic crisis

Sri Lanka stocks rallied, marking their first day of gains since April 5

Credit Suisse posts another quarter of loss, rejigs top team

The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by legal expenses

Microsoft shares up by 3.5% after earnings topped analysts' projections

Revenue in the third quarter, which ended March 31, rose 18 per cent to $49.4 billion, the software maker said Tuesday in a statement. Net income rose to $16.7 billion, or $2.22 a share

Covid-19: China's curbs send economy reeling to worst since Apr 2020

The services industry was already suffering in March, with consumer spending contracting by the most since mid-2020.

Elon Musk's untaxed wealth is helping finance his Twitter buyout

Elon Musk could have a silent partner in his $44-billion deal to buy Twitter: the US tax code

Marelli Holdings pushes back decision on sponsor after talks stall

The company, a key supplier for automakers Nissan Motor Co. and Stellantis NV, is now seeking to select a sponsor and finalize a plan next month

Adani Group in advanced talks to acquire Holcim businesses in India

Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days

India in talks with Intel and TSMC to set up semiconductor plants

The government late last year unveiled a $10 billion incentives plan, offering to cover as much as half of a project's cost, to lure display and semiconductor fabricators to set up base in India

Indians supplant Chinese to become largest migrant group in Australia

From 2011 to 2021, Indian-born migrants rose by 373,000, followed by 208,000 from China and 118,000 from the Philippines, Australian Bureau of Statistics data showed Tuesday

Brash and fast: How unwelcome suitor Elon Musk took over Twitter

The transaction came together at breakneck speed because Elon Musk waived the chance to look at Twitter's finances beyond what was publicly available, and also because that's how the billionaire works

Jeff Bezos takes aim at Musk's $44 bn Twitter deal with China jibe

Bezos drew attention to Tesla's close ties with China, the world's biggest electric vehicle market and home to the company's first overseas factory

Elon Musk is the 'singular solution I trust' for Twitter, says Dorsey

Dorsey, who took the company public in 2013, said Twitter has been "owned" by Wall Street and that taking it private was the "correct" first step.