Page 603 - Bloomberg

New York Times puts newsletters behind paywall to boost subscribers

The subscriber-only emails will be a mix of new and existing newsletters written by Times journalists and contributors in its news and opinion sections

New rich overtake old money of chaebol in Korea's billionaire rankings

Brian Kim, the founder of mobile-messaging app Kakao Corp., is the most prominent example with a fortune of $12.9 billion

Apple faces setback in bias case filed by ex-worker of Pakistani background

Anita Nariani Schulze's lawsuit says two of her former supervisors at the company were a Hindu Indian and a Muslim Pakistani.

Weary of corporate scandals, Indian fund managers outperform foreign rivals

An equal-weighted basket of Indian stocks with high domestic MF ownership and low foreign ownership outperforms a basket with the reverse profile.

Audi's latest concept is an EV that expands and contracts: Details here

Meanwhile Audi has committed €15 billion to electrification across its entire fleet

Amazon loses bid to halt New York's warehouse Covid-19 probe

The Seattle-based company had argued in the federal suit that James was investigating Amazon in bad faith

India's largest online pharmacy PharmEasy mulls $1 billion IPO: Report

The company, backed by TPG and Temasek Holdings Pte, is working with advisers on a potential offering

MGM Resorts is auctioning 11 Picassos worth as much as $104 million

The top lot is expected to be Picasso's 1938 painting Femme au Beret Rouge-Orange

Alibaba worker's desperate plea for help sparks #MeToo reckoning

The People's Daily, a mouthpiece for China's ruling Communist Party, has highlighted the incident as an example of why companies must pay more attention to culture the larger they grow

Singapore raises 2021 GDP estimate, now expects growth of 6%-7%

Among nine economists surveyed by Bloomberg who updated their Singapore GDP forecasts this month, six saw growth exceeding 6%.

Stricter emissions rules will hit car sales, says Maruti Suzuki chairman

Automakers last week urged the government to defer tougher emissions standards

Global banks unwind India currency trades worth billions after RBI warning

The issue in focus is a flurry of currency swap trades that involved the banks converting rupee-denominated deposits into dollars that were then used to buy foreign sovereign debt

Companies fight to protect margins as inflation reaches tipping point

Companies as diverse as the Indian unit of Unilever Plc and Tata Motors are increasingly complaining about pricier inputs.

Why Xi Jinping waited years to launch his crackdown on tycoons

Many were surprised by Xi's sweeping moves to rein in the private sector over the past 12 months

Delta variant spread weakens flows to emerging-market funds, shows data

Investors withdrew the most money from Brazil, notably the $1.6 billion iShares Latin America 40 ETF, known as ILF

CoinDCX is India's first crypto unicorn as country debates virtual assets

Latest funding round values the firm at $1.1 billion, says CoinDCX CEO.

Reliance Industries may buy Deutsche Telekom arm for $5.9 billion

A deal for T-Mobile Netherlands would represent a rare purchase in Europe for Mukesh Ambani's group.

Covid-19 pandemic: Can Moderna buy its way into the $200 billion club?

The company disclosed during its earnings presentation Aug. 5 that it expects the shot to generate $20 billion in sales this year

It's time for SoftBank Group to stop buying and start selling

Net income at the Japanese company dropped 39% for the June quarter, while profit at its eponymous investment unit plunged almost 90% amid a decline in the share prices of key holdings

Masayoshi Son to make personal investments with SoftBank's Vision Fund

The billionaire made the disclosure as his company reported earnings, explaining he will begin to co-invest in Vision Fund 2, an investment vehicle where SoftBank has been the sole source of capital