Page 596 - Bloomberg

Singapore to 'defuse resentments over foreigners' after racist incidents

Country's PM devotes part of his speech to racial harmony, referring to racist incidents that targeted Indians

India power-sector financier REC plans first loan using Libor heir

The financier's choice of a SOFR-linked loan is part of a global push by policy makers to develop new benchmarks to replace Libor by the end of 2021

'Into the limelight': Koo, India's answer to Twitter, goes past 10 mn users

The app, which lets users send tweet-like posts in English and seven Indian languages, has seen about 85% of users join since February, when Twitter's disputes with the Modi administration escalated

India's soft power, investments in Afghanistan lead to diplomatic dead end

As Afghanistan falls into chaos, India doesn't have any leverage to ensure the country doesn't become a security threat

How Google's push into Indian retail banking challenges traditional lenders

Google Pay wants to push time-deposit products of small Indian banks, breaching banks' historic moat with tech innovation.

One stuck box of fertiliser shows the global supply chain crisis

From the US to Sudan to China, container boxes have been lying at ports, railyards and in warehouses as the pandemic rages on

Uber wait annoys UK passengers after drivers quit in droves: Report

Customers have complained on social media about longer wait times and higher fares during peak hours as the lack of drivers triggers surge pricing

This country is the best place in the world to become a digital native

Estonia has a one-stop digital shop for services: you can easily file your taxes online, get drug prescriptions, book hospital treatments.

MapMyIndia, Indian firm that powers Apple Maps and Alexa, heads for IPO

The firm, backed by Qualcomm Inc. and Walmart Inc.-owned payments startup PhonePe, is targeting an IPO size around $175 million at a valuation of about $825 million

Elon Musk's Tesla in talks with 3 Indian firms for auto components: Report

The company is seeking critical electrical, electronic and mechanical components, the report said, citing people familiar with the matter

From India to Korea, IPO markets are booming as China deals slow

Tech companies from India and South Korea, and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak

Chinese tech stocks' brief revival is already showing signs of fatigue

The rally in the Hang Seng Tech Index, which tracks Chinese tech stocks listed in Hong Kong, fizzled out toward the end of this week amid headlines of fresh crackdowns, trimming its weekly gain to 7.3

Most used blockchain Go Ethereum averts crisis after software flaw is fixed

About 75% of all users on the Ethereum network utilize Geth as a node to mine the blockchain's native token, Ether, and to create software that runs functions such as decentralized applications.

Stocks in Powell's thrall can see a taper without much tantrum

Bulls can thank stagecraft of Jerome Powell, Federal Reserve chairman, who on Friday gave the strongest signal yet that the central bank will begin tapering its monthly bond purchases this year

Covid-19's Delta variant doubles hospitalisation risk, finds study

Early studies of the delta variant, which first appeared in India in December, found it was 50% more transmissible than other strains

China seeks to ban data-rich firms from US IPOs: Dow Jones report

China's stock market watchdog has told companies and investors the envisioned rules will prohibit firms from listing abroad, particularly those seeking a foreign IPO via overseas-incorporated entities

China tech rally ends on report of new IPO rules; Alibaba Group falls 3.9%

The Hang Seng Tech Index closed 0.2 per cent lower in Hong Kong after rising as much as 2 per cent in the morning

Poor monsoon likely to hurt India oilseed, cotton output, says NCML

Oilseed and cotton will see a drop in production as weaker rains have reduced their sowing areas

Fed Chair says taper could start in 2021, with no rush on rate hike

Powell said US economy continued to make progress towards the central bank's benchmarks for reducing its pandemic-era emergency programs, but stopped short of signaling the timing for any policy shift

United States consumer sentiment remains depressed in late august

If the slide in confidence translates to a pullback in spending, economic growth may decelerate further in the coming months.