Bloomberg
Bloomberg
Page 626 - Bloomberg
A $43-bn jump in Gautam Adani's fortune is fraught with many risks
Adani Total Gas, Adani Enterprises and Adani Transmission 'look extended', Bloomberg Intelligence analysts wrote in a June 10 note
 "A $43-bn jump in Gautam Adani's fortune is fraught with many risks")
Crypto outlook: JPMorgan sees signal of coming bear market in Bitcoin
Traders are waiting for the next catalyst to break Bitcoin from a $30,000 to $40,000 range that's been in place since a collapse from a record of almost $65,000 in April.
 "Crypto outlook: JPMorgan sees signal of coming bear market in Bitcoin")
India's wind power sector wants rival solar to help drive growth
India's wind industry, which has about 40 gigawatts of capacity now, has been struggling for the past few years due to land challenges.
 "India's wind power sector wants rival solar to help drive growth")
World's richest people face tax squeeze after 40% rise in their fortunes
G-7's proposals part of global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington.
 "World's richest people face tax squeeze after 40% rise in their fortunes")
China, India rise in wealth index, US remains world's ultra-rich hot spot
There are 60,000 ultra-high-net-worth individuals worldwide with a combined $22 trillion.
 "China, India rise in wealth index, US remains world's ultra-rich hot spot")
Cyberattack on US meat producer shows world's food supply vulnerable
Supply will become more susceptible in the years ahead as public health threats and potential cyberattacks loom large.
 "Cyberattack on US meat producer shows world's food supply vulnerable")
Global intrigue: What Kim Jong's $12,000 Swiss watch says about his health
North Korean leader's weight has long been tracked by spy agencies for clues about the stability of his regime.
 "Global intrigue: What Kim Jong's $12,000 Swiss watch says about his health")
Higher transmissibility, severity: What makes delta virus strain worrisome?
The best solution against the variant, first identified in India, is to test, isolate positive cases and vaccinate, says Sam Fazeli.
 "Higher transmissibility, severity: What makes delta virus strain worrisome?")
El Salvador becomes first country to adopt Bitcoin as legal tender
The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.
Anita Frew to take the wheel at Rolls-Royce - first woman in 115 years
Frew, 63, has been chair of specialty chemicals-maker Croda International since 2015
 "Anita Frew to take the wheel at Rolls-Royce - first woman in 115 years")
JSW Steel sues top US companies, accuses them of stifling competition
US Steel Corp, Nucor Corp. and Cleveland-Cliffs Inc control more than 80 per cent of domestic steelmaking capacity and conspired to cause direct harm to JSW, according to a lawsuit
 "JSW Steel sues top US companies, accuses them of stifling competition")
Shell to accelerate emissions cuts after Dutch court ruling, says CEO
The oil and gas giant still expects to appeal the verdict and believes it has been unjustly singled out, Chief Executive Ben van Beurden said in a statement posted on LinkedIn.
 "Shell to accelerate emissions cuts after Dutch court ruling, says CEO")
British Airways, Ryanair face UK probe over denied flight refunds
The U.K.'s Competition and Markets Authority said it has opened enforcement cases against both airlines on Wednesday.
 "British Airways, Ryanair face UK probe over denied flight refunds")
China's factory inflation at 13-year high adds to global pressures
The producer price index climbed 9% in May from a year earlier, driven by price increases for oil, metals and chemicals, the National Bureau of Statistics said
 "China's factory inflation at 13-year high adds to global pressures")
RBI owns more of its benchmark 10-year bond than yield-managing BOJ
The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists.
 "RBI owns more of its benchmark 10-year bond than yield-managing BOJ")
Rs 4.1 trillion fund manager is betting big on cyclical stocks in India
The ICICI Prudential Opportunities Fund directly managed by Sankaran Naren has returned 36% year-to-date, beating 96% of its peers.
 "Rs 4.1 trillion fund manager is betting big on cyclical stocks in India")
Markets 'very good', firms should use yields: Axis Bank's Gambhir
Senior executive at lender says companies should access market if they need long-term funding.
 "Markets 'very good', firms should use yields: Axis Bank's Gambhir")
Coal India requests mn vaccine doses after nearly 400 staff die of Covid-19
The world's top coal miner, which employs about 259,000 people, said it has written to government officials requesting about 1 million doses be made available for staff and their family members
 "Coal India requests mn vaccine doses after nearly 400 staff die of Covid-19")
'Domino effect': Why the world's biggest websites suddenly went offline
Failure at Fastly, which helps websites load their pages faster, sent vast swaths of the web offline on Tuesday.
 "'Domino effect': Why the world's biggest websites suddenly went offline")
Amazon explores replacing JPMorgan as issuer of co-brand credit card
American Express Co. and Synchrony Financial are among those bidding on the portfolio.
 "Amazon explores replacing JPMorgan as issuer of co-brand credit card")
