Bloomberg
Bloomberg
Page 606 - Bloomberg
India should nationalise Vodafone Idea, head off Jio-dominated duopoly
Merging state-run telcos with a nationalised Vodafone Idea could save jobs and capital. Managed professionally, it could be a credible third player.
 "India should nationalise Vodafone Idea, head off Jio-dominated duopoly")
Kakao Corp founder's $6 bn surge unseats Samsung heir as richest Korean
Brian Kim, the founder of South Korean messaging giant Kakao Corp., is now worth $13.5 billion, according to the Bloomberg Billionaires Index, after Kakao shares rose 90% in 2021 alone
 "Kakao Corp founder's $6 bn surge unseats Samsung heir as richest Korean")
Amazon's recent numbers don't look good: should investors start worrying?
E-commerce sales are clearly slowing, foreshadowing more lackluster revenue results the rest of the year
 "Amazon's recent numbers don't look good: should investors start worrying?")
Big Oil shows confidence that the era of large profits is back
BP Plc and Equinor ASA have already made incremental dividend increases and announced more modest buyback plans
 "Big Oil shows confidence that the era of large profits is back")
Delta variant's spread in Nanjing tests China's Covid containment efforts
An outbreak that started at an airport in the eastern Chinese city of Nanjing is testing that country's zero-tolerance measures, which are some of the most sweeping and comprehensive in the world
 "Delta variant's spread in Nanjing tests China's Covid containment efforts")
Mark Zuckerberg says Facebook's future lies in virtual 'metaverse'
On Monday, Facebook announced a standalone product group internally tasked with building out this vision
 "Mark Zuckerberg says Facebook's future lies in virtual 'metaverse'")
ArcelorMittal boosts steel outlook as it sees best quarter in 13 years
Steel has surged over the past 12 months, joining a wider commodities boom as producers struggled to meet an unexpectedly strong rebound in demand from the construction and manufacturing industries.
 "ArcelorMittal boosts steel outlook as it sees best quarter in 13 years")
Credit Suisse Q2 profit misses estimates as bank pares risk after scandals
Net income tumbled 78% from a year earlier
 "Credit Suisse Q2 profit misses estimates as bank pares risk after scandals")
Beauty startup Nykaa seeks $4 billion valuation in IPO, says report
Company is aiming to file its draft red herring prospectus within the next few days
 "Beauty startup Nykaa seeks $4 billion valuation in IPO, says report")
Delta variant's spread challenges most stringent Covid containment zones
An outbreak that started at an airport in the eastern Chinese city of Nanjing is testing that country's zero-tolerance measures, which are some of the most sweeping and comprehensive in the world
 "Delta variant's spread challenges most stringent Covid containment zones")
India's inflation could go past RBI target rest of 2021, say report
Forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.
 "India's inflation could go past RBI target rest of 2021, say report")
India's economic recovery stumbles, setting stage for sustained low rates
A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity
 "India's economic recovery stumbles, setting stage for sustained low rates")
Tencent becomes world's worst stock bet with $170 billion wipeout
The firm is one of the key casualties of an official campaign that targets tech behemoths considered a potential threat to China's data security.
 "Tencent becomes world's worst stock bet with $170 billion wipeout")
Robinhood banks on its traders' allegiance in IPO like no other
Robinhood will reserve up to 35% of shares for its app users at the pre-trading range of $38 to $42 apiece
 "Robinhood banks on its traders' allegiance in IPO like no other")
'I can die': Olympic athletes struggle with Tokyo's sweltering heat
Earlier on Friday, Russian archer fainted as Tokyo's temperatures climbed to as high as 34 degrees C
 "'I can die': Olympic athletes struggle with Tokyo's sweltering heat")
Tether, Facebook coin spur worry at Janet Yellen's closed-door meeting
Yellen urged agency heads at the July 19 meeting to "act quickly" to ensure stablecoins face appropriate rules
 "Tether, Facebook coin spur worry at Janet Yellen's closed-door meeting")
Wall Street's IPO fee machine under threat after regulatory scrutiny
The heavier deal flow has provided an uptick in fees to the banks
 "Wall Street's IPO fee machine under threat after regulatory scrutiny")
China govt targets mobile pop-ups in latest crackdown on tech sector
Pop-ups, often used for advertising, are just the latest targets in a series of government crackdowns that have ranged from antitrust to data security
Oil prices climb as US crude supplies tumble in peak demand season
Futures rose as much as 1.3 per cent in New York on Wednesday
 "Oil prices climb as US crude supplies tumble in peak demand season")
Inflation comes for aluminum, as the everywhere metal surges
Demand is set to surge on the back of climate-change investment
 "Inflation comes for aluminum, as the everywhere metal surges")
