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Covid: Locked-down Shanghai residents barter for what money can't buy

For many of Shanghai's 25 million residents, the city's strict Covid lockdown has made procuring food and daily necessities a struggle money can't resolve.

Reliance Industries studying possible bid for Walgreens' Boots chain

Reliance is in the early stages of exploring the feasibility of an offer for the Boots chain

Jail terms likely for publishing unapproved data in Turkey: Report

Turkish economic researchers may face up to 3 years in prison if they publish unofficial data on indicators without first seeking approval from the country's statistics agency.

Brookfield-led group nears $2.7-billion Australian firm Uniti takeover

The Adelaide-based residential broadband provider said on Thursday it had agreed to a deal at A$5 per share

Female executives confront equity pay disparity with male peers

As women increasingly populate the C-suite, the compensation mix weighs toward stock or options and the disparity to their male peers grows.

Sri Lanka seeks up to $4 bn ahead of IMF talks; Pak to name finance chief

The island nation is looking at making a "decent case" before the International Monetary Fund to help preserve the economy, Finance Minister Sabry said

Mercedes EV breaks 1,000-kilometer range barrier to outdo Tesla

The EQXX prototype rode from Sindelfingen near Stuttgart via Switzerland and Italy to the Mediterranean coastal town of Cassis

Port City Colombo: The great Chinese white elephant of Sri Lanka

The project is envisioned as a playground for the rich who would earn in dollars and keep all of it

How India stands to gain amid calls for EU to ban Russian oil imports

If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.

Holcim considering potential sale of India's $9.6 bn Ambuja Cements

Holcim has been selling off non-core assets to reduce debt and diversify through acquisitions

BlackRock receives $114 bn in net flows amid market turmoil

Equity funds led the way, with a $76 billion haul, while bond funds saw $7.5 billion

Shanghai logs 25,000 Covid-19 cases; vows action on lockdown violators

The financial hub is under huge pressure to try to contain China's biggest Covid outbreak since the coronavirus was first discovered in the city of Wuhan in late 2019

With problems of his own, Xi hesitates on bailing out SL, Pak as debt soars

China hasn't reissued loans totalling $4 billion that Pakistan repaid in late March, and hasn't responded to Sri Lanka's pleas for $2.5 billion in credit support

Rare first edition of The Great Gatsby lists at $360,000

Harrington will soon bring a first edition of the 1925 book, widely considered F Scott Fitzgerald's masterpiece, to New York's International Antiquarian Book Fair, which runs from April 21-24 at the P

On Broadway, Disney takes cue from airlines to sell more tickets

In reality, Disney and airlines rely on a shared economic premise: Getting as many butts in seats as possible

Roman Abramovich has assets worth $7 bn frozen in tax haven Jersey

Abramovich was sanctioned by the European Union and the UK last month as part of sweeping penalties against tycoons believed to be close to Russian President Vladimir Putin

Soaring food, energy prices reach Asia to bring global inflation in sync

The turning point was Russia's invasion of Ukraine, which triggered an upheaval in commodities markets.

Top oil merchant Vitol to stop trading Russian crude by end of this year

Vitol's announcement came after an adviser to Ukrainian President Volodymyr Zelenskiy wrote to the heads of Vitol and other merchant traders, asking them to terminate business dealings with Russia

We expect constructive environment for IPOs in 2nd half of FY23: Nomura

India's capital market fundraising will remain robust in the next six to 12 months as companies such as LIC are still looking to list, Nomura's Amit Thawani said

OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm

The company is in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan Stanley and India's Kotak, Avendus and ICICI Securities