Page 590 - Bloomberg

Bitcoin's record high is within sight after sharp recent rally

recent rally in digital tokens like Bitcoin and second-ranked Ether contrasts with the travails of assets such as stocks, bonds and gold amid a bout of jitters in global markets.

Indian companies to raise Rs 75,000 cr via IPOs in next 6 months, says KPMG

A lot of money printed during the Trump administration is invariably finding its way to the stock markets globally and India is one of the beneficiaries, says a KPMG executive

India's stock market set to overtake UK's in value, join top-five club

India's market capitalization has surged 37% this year to $3.46 trillion, according to an index compiled by Bloomberg.

Govt considering Rs 28,600 cr increase in fertiliser subsidy: Report

A cabinet meeting chaired by Prime Minister Narendra Modi may approve the enhanced subsidy for winter-sown crops as early as this week.

Air India deal burnishes India equity appeal as China cracks down on firms

The carrier's sale could pique interest in a number of state-run firms in which the government intends to divest stake.

IMF board decides to keep Georgieva as chief after data-fixing scandal

Georgieva is a Bulgarian economist and the first person from an emerging-market nation to run the IMF.

Govt may consider higher GST, fewer rates to simplify structure: Report

The two lowest rates could be raised by a percentage point each to 6% and 13%, reports Bloomberg.

Singapore Airlines' website crash amid surge in flight demand: Report

Singapore Airlines said it had seen "very high demand" for flights and may take longer to respond to queries from customers

US delegation holds talks with Taliban for first time since Aug withdrawal

The discussions in Doha, Qatar, covered the need for safe passage of US citizens, other foreign nationals and Afghan partners, State Department spokesman Ned Price said

Goldman Sachs Group cuts US growth forecasts for 2021 and 2022

Goldman's team, led by Jan Hatzius, said in a report on Sunday that they now expect growth of 5.6% on an annual basis in 2021 versus their previous estimate of 5.7%, and 4% next year, down from 4.4%

China coal futures surge to record as flood swamps mine hub

Floods have closed 60 of the 682 coal mines in Shanxi province, a region that has produced 30% of China's supply of the fuel this year, adding to a worsening energy crisis that threatens the country

Energy crisis sets stage for record global carbon dioxide emissions

The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5°Celsius

A step from Covid-19 pills as Merck & Co seeks FDA approval

An application was submitted with the Food and Drug Administration for molnupiravir to treat mild-to-moderate Covid-19 in adults at risk of developing a severe illness that may require hospitalization

KKR's billionaire founders hand over reins to Joe Bae, Scott Nuttall

Kravis, 77, and Roberts, 78, will serve as executive co-chairmen of the board

India's stock market on track to overtake UK in terms of m-cap: Report

India's market capitalization has surged 37% this year to $3.46 trillion, according to an index compiled by Bloomberg

Global energy crisis piles pressure on aluminium supply

Aluminium rose as much as 2.5% to $3,040 a ton on the London Metal Exchange Monday, the highest since July 2008.

Goldman and JPMorgan say buy the dip as inflation seen temporary

Jitters over surging prices and concerns that the post-pandemic rebound is now past its peak dragged the S&P 500 Index 5% below its September record last week, after almost a year without a correction

Global energy crisis halt copper bulls as world's factories slow down

Copper's blistering rally above $10,700 a ton came in May as lockdown restrictions sparked insatiable demand for metals in housing and consumer goods

AstraZeneca antibody drug effective at treating mild Covid-19 in trial

The cocktail halved the risk of developing severe illness or death compared with a placebo in participants who had been symptomatic for a week or less and weren't hospitalized, Astra said.

Oil surges past $80 with global power crisis set to boost demand

West Texas Intermediate futures climbed around 2% after topping the psychological price threshold on Friday for the first time since November 2014