Page 6 - Bloomberg

Dozens of Chinese, Hong Kong firms hit by Trump admin's Iran sanctions

US Treasury Dept unveiled a package targeting dozens of individuals and entities as part of what Treasury Secy Scott Bessent described as Operation Economic Outcast

Volkswagen CEO faces workers angry over his plan to cut 100,000 jobs

Blume and VW brand chief Thomas Schäfer are due to present their restructuring plan, which could wipe out as many as 100,000 jobs, at the company's main Wolfsburg factory

Apple set to launch its new Mac mini, first upgrade in nearly two years

The upgrade follows a surge in demand for the current Mac mini, which has become a popular tool for running artificial intelligence applications locally

Closing Auction System set for first monthly derivatives expiry test

Tuesday's expiry will see a broader swath of derivatives positions, including physically settled single-stock options, tied to the auction-generated closing prices

Bessent's economic D-Day threat to Iran hinges on willingness to hit China

But that's only if Bessent actually follows through on a threat the Trump administration has made before

US unveils 'economic D-Day' against Iran, warns trade partners of sanctions

The statement marked the latest bid to force capitulation from Iran, which has refused to bow to US demands despite months of US bombing that began in February as well as decades of economic sanctions

JPMorgan India unit to argue that any regulatory breach was technical

JPMorgan's Mauritius unit is likely to seek clarification from Sebi over alleged market manipulation, while avoiding an immediate appeal against the regulator's order

The $500 billion experiment to build 24/7 markets on blockchain

Modern finance spent decades building markets around a common architecture: recognized venues, set trading hours and benchmark prices that anchored everyone else.

Xiaomi develops its own AI mobile chip in challenge to Qualcomm, MediaTek

The Xring O3 system-on-a-chip advances Xiaomi's in-house semiconductor design efforts with more power-efficient image processing and better artificial intelligence capabilities

Govt lifts ban on wheat exports in boost to war hit global supply

The government has permitted exports of wheat, including the durum variety, as well as flour and other products

AI is boosting UK productivity, but it's coming at a cost for workers

Britain has seen a K-shaped recovery: The top end of its economy is doing better than it has in years, but the bottom is struggling

Sebi rejects settlement applications by 13 foreign funds in Adani probe

Some of the funds were unwilling to provide information the regulator considered necessary to settle the case, while others resisted demands to disgorge money sought by Sebi

Citigroup, Axis Bank team up on leveraged dollar deposit boom in India

The trade is emerging as RBI seeks to bolster foreign-exchange reserves and ease pressure on rupee, while creating opportunities for global banks to provide financing offshore

Indian pharma firms have little reason to fear Trump's tariff threat

Trump's pledge to apply 100% levy on firms making off-patent medications by 2028 (rising to 200% a year later) unless they move production to US faces formidable commercial and political obstacles

GMR Airports plans $2 billion expansion of Delhi, Hyderabad facilities

The plans come as demand is surging in the world's third-largest domestic aviation market, trailing only the US and China

India's $10 billion equity rush puts August on track for a record month

Almost $10 billion of deals have been priced in August, led by the government's blockbuster $3.2 billion sale of shares in LIC

Investors seek clearer Fed guidance from Warsh at Jackson Hole address

Fed Chair Kevin Warsh is under pressure to offer clearer guidance on interest rates and inflation at Jackson Hole, as investors assess sticky price pressures and the outlook for monetary policy

Israeli settler siege of Palestinian homes shows grave reality of West Bank

Loui Ridi travelled from Ohio to Qusra to protect his family home, where residents say Israeli settlers have cut off water, electricity and access amid escalating West Bank violence

China's Sinopec first-half profit rises 12% after surge in energy prices

The company, officially known as China Petroleum & Chemical Corp., earned 23.8 billion yuan in the first half of last year

Putin rejected Ukraine's offer for Black Sea shipping truce, says Zelenskyy

Russia and Ukraine have stepped up attacks on each other's commercial ships and ports in the Black Sea area, raising fears about the impact on grain supplies to world markets