Bloomberg
Bloomberg
Page 595 - Bloomberg
Facebook, Xiaomi want a slice of India's $1 trillion digital loan market
India's digital payments market is drawing the attention of some of techs biggest names after online transactions surged during the pandemic.
 "Facebook, Xiaomi want a slice of India's $1 trillion digital loan market")
Evergrande Group flags default risk from cash crunch; bonds fall
The company said it's exploring the sale of interests in its listed electric vehicle and property services units, as well as other assets
 "Evergrande Group flags default risk from cash crunch; bonds fall")
Euro-area inflation jumps to decade-high 3% in challenge for ECB
Consumer prices rose 3%
 "Euro-area inflation jumps to decade-high 3% in challenge for ECB")
Aluminium hits 10-year high as demand roars, China supply curbed
Prices rallied as much as 2.9% to $2,726.50 on the London Metal Exchange, hitting the highest since 2011
 "Aluminium hits 10-year high as demand roars, China supply curbed")
Yandex buys Uber out of food-delivery, self-driving venture in $1-bn deal
The Russian internet giant will own 100% of Yandex.Eats, Yandex.Lavka and Yandex.Delivery, as well as a self-driving venture that operates cars and drones, according to a statement Tuesday
 "Yandex buys Uber out of food-delivery, self-driving venture in $1-bn deal")
August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers
Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept
 "August best month for IPOs in 4 years, Rs 18,000 cr mopped up from 8 offers")
Oil heads for its biggest monthly loss this year ahead of OPEC+ meet
The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on.
 "Oil heads for its biggest monthly loss this year ahead of OPEC+ meet")
Tesla inches closer to entering India as road ministry approves 4 models
Tesla has had its vehicles certified as being roadworthy in India, says ministry website.
 "Tesla inches closer to entering India as road ministry approves 4 models")
India to China: Where investors managing $3 trn are putting their money
Institutional investors recommend heightened caution and warn of a difficult recovery ahead for the world.
 "India to China: Where investors managing $3 trn are putting their money")
Peter Thiel's founders fund backs $130 million Japan technology fund
Billionaire Thiel's Founders Fund is backing a new $130 million vehicle by Coral Capital to invest in Japan's technology startups as the country shakes off its image as a tough place for entrepreneurs
 "Peter Thiel's founders fund backs $130 million Japan technology fund")
US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan
"The Fed thinks it has time" to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization, Raghuram Rajan said in an interview
 "US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan")
Hottest cryptocurrencies are alternatives to Bitcoin and Ether
Cardano has doubled this month, becoming the third-largest digital asset. Binance Coin is also up. A token named Avalanche has tripled in August
 "Hottest cryptocurrencies are alternatives to Bitcoin and Ether")
China slashes kids' online gaming time to just three hours a week
The escalating restrictions on Tencent's biggest business are likely to spook investors that had cautiously returned to Chinese stocks in recent days
 "China slashes kids' online gaming time to just three hours a week")
New South Korea law likely to test Apple, Google duopoly: Report
The Telecommunications Business Act would mandate giving users a free choice of app payment providers
 "New South Korea law likely to test Apple, Google duopoly: Report")
Ola picks banks for $1 billion IPO, may file papers in Oct: Report
The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, people familiar with the matter said
 "Ola picks banks for $1 billion IPO, may file papers in Oct: Report")
Hold 10% of portfolio in gold as currencies will be devalued: Mark Mobius
Bullion rallied to a record last year as the coronavirus pandemic spurred a flight to haven assets but it's pulled back since with the roll-out of vaccines.
 "Hold 10% of portfolio in gold as currencies will be devalued: Mark Mobius")
COAI sees India lagging in 5G unless airwaves cost less
Proceeds from the 5G airwaves auction, likely early next year, is an important source of revenue for the Indian exchequer especially as Modi-led government looks to spur the pandemic-hit economy,
 "COAI sees India lagging in 5G unless airwaves cost less")
Joe Biden's rushed Afghan exit adds strains to US-Pakistan ties
Pakistan remains an indispensable power in the region
 "Joe Biden's rushed Afghan exit adds strains to US-Pakistan ties")
Confidence in Euro-area economy drops on supply squeeze, virus
The Bundesbank, Germany's central bank, has already warned that economic growth this year may be somewhat lower than the 3.7% it had forecast in June
 "Confidence in Euro-area economy drops on supply squeeze, virus")
Chinese tech stocks rally to start week as investors eye bottom
Beijing has expanded its clampdown on private industry to tutoring companies and online gaming in a bid to reduce the wealth gap.
 "Chinese tech stocks rally to start week as investors eye bottom")
