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Singapore SPACs need to go hunting in India, Indonesia for promising firms

Singapore has seen just three initial public offerings this year, garnering less than $250 million.

Saudi Aramco may open $110-billion gas project to foreign investors

It has started preliminary talks with potential investors including large commodity traders, according to the peope.

In a first, China taps strategic reserves to cool down oil prices

The announcement comes amid surging energy costs in China, not just for oil but also for coal and natural gas, and electricity shortages that have forced some factories to cut production

Gaming giants lose $60 billion on China's sermon against profit

Regulators slow down nod for new online games; warning against metaverse stocks, too

Battery-powered vehicles to concept cars: Wild wheels at IAA Mobility Show

Auto brands were already questioning the relevance of car shows before the novel coronavirus arrived

Citigroup bolsters India investment banking team on unprecedented deal boom

Companies have raised about $10.2 bn through IPOs in India this year, putting 2021 on track to beat its all-time record of $11.8 bn

European stocks trim losses as ECB slows bond buying on recovery

The Stoxx 600 Europe Index was 0.2% lower by 2:15 p.m. in London.

US initial jobless claims fall by most since late June in week

Continuing claims for state benefits fell to 2.78 million in the week ended Aug. 28.

Bharti-backed OneWeb's AT&T satellite deal challenges Musk in his backyard

OneWeb is racing against Elon Musk's rival Starlink system to offer internet to consumers and businesses in regions of the world where terrestrial fixed and wireless connections aren't profitable

Low-cost UK carrier EasyJet spurns bid from rival Wizz, aims to raise $2 bn

Shares of EasyJet fell as much as 14%, as the company said it will instead raise $2 billion in stock and debt.

China tech stocks slide as regulators ramp up pressure on gaming

The Hang Seng Tech Index tumbled 4.5% as of 3:51 p.m. local time, with Tencent Holdings Ltd. dropping by almost twice that amount in its worst day in five weeks.

Gold edges higher as virus spread cuts yields, pressures stocks

The relentless spread of the delta virus variant is taking its toll on America's economy as well as global supply chains, depressing growth while boosting inflation.

China will suspend approvals for new online games, says report

Tencent and Netease led a selloff of Chinese stocks in Hong Kong after the Xinhua news service reported that officials had invited gaming firms to meeting to discuss further oversight of industry

Waking up the neighbours: Taliban's new govt will upset India, China, Iran

Hardliners in Kabul are all closely tied to Islamabad, have backed it on Kashmir dispute.

ONGC exploring purchase of woodside stake in Senegal oil field

State-owned ONGC is discussing acquiring an interest of 20% to 40% in the field, the people said, asking not to be identified as the matter is private

Anil Ambani's Reliance Infra wins $632 mn arbitration against Delhi Metro

The verdict is a crucial victory for Anil Ambani as his telecom firms are in bankruptcy and he is contesting a personal insolvency case.

China tells gaming firms Tencent, Netease to end 'solitary' focus on profit

Tencent, the country's largest gaming company, dived as much as 6.7%, on track for its biggest fall since July, while smaller rival Netease fell as much as 7.7%.

'Happened rapidly': How a single Covid case rocked world's biggest carmaker

Toyota slashes output in September by 40%: a fallout of a series of disruptions that started when a worker at a supplier's plant in Vietnam tested positive for Covid.

Apple to let media apps avoid 30% fee from next year after global scrutiny

Companies like Netflix and Spotify Technology have long complained that Apple doesn't allow them to link to their web portals for users to sign up for their services

Covid-19: Saudi Arabia now has the world's toughest vaccine rules

Few countries have imposed restrictions as tight as those in Saudi Arabia, where refusal to vaccinate can block shoppers from grocery stores