Bloomberg
Bloomberg
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Banks to reach out to anchor investors for LIC IPO after Paytm delay
LIC IPO: Bankers, government officials and LIC staff are working around the clock to complete the preparatory work for the IPO and ensure there's enough demand for the mega sale
 "Banks to reach out to anchor investors for LIC IPO after Paytm delay")
Natural gas shortage leads to Pakistan losing 20% of vital textile exports
About $250 million of textiles exports were lost last month after mills in Punjab were forced to shut for 15 days, said Shahid Sattar, executive director of All Pakistan Textile Mills Association
 "Natural gas shortage leads to Pakistan losing 20% of vital textile exports")
Billionaires are embracing crypto in case money 'goes to hell'
Even as prices swung wildly, investors large and small dived into Bitcoin and Ethereum as well as non-fungible tokens
 "Billionaires are embracing crypto in case money 'goes to hell'")
China developers stare at a $197-bn problem as debt and wages pile up
The industry will need to find at least $197 billion to cover maturing bonds, coupons, trust products and deferred wages to millions of migrant workers
 "China developers stare at a $197-bn problem as debt and wages pile up")
Covid-19: Air travel sees turbulent start to 2022 over Omicron worries
New York shatters the record for daily Covid numbers with over 85,000 cases
 "Covid-19: Air travel sees turbulent start to 2022 over Omicron worries")
Five things to look for in Asia stocks amid 2022 reversal hopes
The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage points last year
 "Five things to look for in Asia stocks amid 2022 reversal hopes")
Covid cases rise 'through the roof' as Omicron variant sweeps across US
On the plus side, hospitalizations and deaths have been rising more slowly, and it remains to be seen whether omicron's casualty toll will reach levels of previous surges.
 "Covid cases rise 'through the roof' as Omicron variant sweeps across US")
Bull market in US overcame Covid waves, Fed pivot in tempestuous 2021
The S&P 500 Index ended the last trading day of 2021 with a drop of 0.3% that still left the equity benchmark 27% higher for the year and boasting no less than 70 record closes
 "Bull market in US overcame Covid waves, Fed pivot in tempestuous 2021")
Base metals shine in wild 2021 as gold falters, iron ore sinks
Gold bulls were ultimately left disappointed even as inflation raged
 "Base metals shine in wild 2021 as gold falters, iron ore sinks")
Indian investor paid $69.3 mn for an NFT so you can download it for free
The blockbuster price he paid helped bring attention to the burgeoning market for NFTs
 "Indian investor paid $69.3 mn for an NFT so you can download it for free")
Unfazed collectors drive strong sales on Art Basel Miami's first day
New York dealer, Marianne Boesky, sold multiple pieces in her booth, including a resin-on-wood piece by Donald Moffett for $160,000
 "Unfazed collectors drive strong sales on Art Basel Miami's first day")
Omicron: These countries are slapping the unvaccinated with fines and bans
Here are some of the measures against the unvaccinated deployed by governments around the world
 "Omicron: These countries are slapping the unvaccinated with fines and bans")
US companies added 534,000 jobs in November, ADP data show
The figures suggest steady improvement in a labor market where skills mismatches, job switching and pandemic-related factors are still making it difficult for employers to attract and retain workers
 "US companies added 534,000 jobs in November, ADP data show")
EU should discuss mandatory vaccinations: European Commission President
Germany's incoming chancellor Olaf Scholz threw his support behind making Covid-19 vaccine compulsory and called for a parliamentary vote on the plan
 "EU should discuss mandatory vaccinations: European Commission President")
Global central banks told not to panic in face of inflation spike
OECD said price gains will peak at the turn of the year as demand stabilizes, supply bottlenecks fade and people return to the labor force
 "Global central banks told not to panic in face of inflation spike")
Taliban curbs on working women could cut Afghanistan's GDP by 5%
The economic impact of educating a girl in Afghanistan is more than double that for educating a boy, according to the UN report
 "Taliban curbs on working women could cut Afghanistan's GDP by 5%")
Amid low inflation, CEA sees no impact on RBI policy as Fed turns hawkish
Monetary policy will not have to be in conflict with fiscal policy in India, as opposed to other economies, says K V Subramanian
 "Amid low inflation, CEA sees no impact on RBI policy as Fed turns hawkish")
Omicron may be uncertain, but inflation is a sure thing for economies
Omicron raises questions about the strength of demand in the event lockdowns are renewed and people have to wait for a whole new vaccine.
 "Omicron may be uncertain, but inflation is a sure thing for economies")
China basks in Covid Zero approach as other nations scramble for Omicron
Country closed border indefinitely at the beginning of the pandemic, intensifying its stringent curbs ever since.
 "China basks in Covid Zero approach as other nations scramble for Omicron")
These are the world's most expensive cities to live in right now
The soaring shekel and price increases for goods including groceries and transport were the main factors in Tel Aviv taking the top spot
 "These are the world's most expensive cities to live in right now")
