Page 629 - Bloomberg

Alibaba victim of huge data leak by consultant as China tightens security

User data was not sold and Alibaba didn't incur financial losses from leak, the company says.

Top-performing Indian funds make winning bets on chemical firms stocks

India is emerging as a hub for specialty chemicals, helped by favorable policy measures.

China's economic data disappoints in May as consumer spending lags

Retail sales increased 12.4% versus an estimate of 14%

MacKenzie Scott donates $2.7 bn more within a year, blasts wealth gap

Scott, 51, shook up the philanthropy world last year with the pace and magnitude of her giving.

Govt plans Rs 50,000 cr programme to boost health infrastructure: Report

Programme will reportedly allow companies to access funds for ramping up hospital capacity or medical supplies with the government acting as a guarantor

PUBG maker plans to raise $5 billion in South Korea's largest ever IPO

The gaming company will sell more than 10 million shares at 458,000 won to 557,000 won apiece.

Struggling with poverty, will Bitcoin be El Salvador's passport to riches?

Without oversight of the president's decision to accept crypto, bad actors and illicit money flows are likely to prosper.

Kim says North Korea's food situation is 'getting tense' due to typhoons

'Agricultural sector failed to fulfill its grain production plan,' reclusive leader says before a committee.

Asian central banks build dollar war chests, prep for US Fed policy

India has built up foreign exchange reserves worth more than $600 billion, as its central bank cushions economy against any sudden outflows.

Apna, jobs app for India's blue-collar workers, raises $70 mn in funding

Apna is sort of a LinkedIn for non-English speaking and non-affluent Indians, says its founder.

Google's smartphone tie-up with Reliance hits supply chain snag: Report

The co-branded phone is set for its unveiling at the Indian conglomerate's June 24 shareholder meeting.

US, EU reach deal to end 17-year Airbus-Boeing trade dispute

Both sides agree to extend suspension of tariffs for five years

Emirates posts first loss in three decades as coronavirus slams travel

The company received a capital injection of 11.3 billion dirhams ($3.1 billion) from its owner, the government of Dubai.

UK, Australia seal trade deal in post-Brexit boost for Boris Johnson

The agreement marks the first deal with a major ally that goes beyond rolling over a pre-existing EU trade relationship.

Barred or not? Adani investors fret over three Mauritius-based funds

Shares of Adani's firms nosedived Monday after a local media report said accounts of these funds - owning about $6 billion of shares across the conglomerate - were frozen by NSDL

Gold holds near 4-week low with focus on key Federal Reserve meeting

The yield on 10-year Treasuries eased slightly on Monday, following a two-day gain from the lowest since March that damped the appeal of the non-interest-bearing precious metal

World Wide Web inventor Tim Berners-Lee to auction original code as NFT

The code was written by the British computer scientist Sir Tim Berners-Lee between 1990 and 1991, will be tied to an NFT, a smart contract that proves the code's authenticity, right of ownership

Bitcoin is still being called a bubble after 35% crash in May: Survey

About 80% of fund managers surveyed by Bank of America Corp. called the market a bubble, up from 75% in May

EU blocks Citi, 9 other banks from some bond sales over antitrust breaches

Banks including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and Barclays Plc have been blocked from arranging individual syndicated transactions for the NextGenerationEU program by the

US retail sales drop in May, hinting at shift to spending on services

The total value of retail purchases fell 1.3% in May following an upwardly revised 0.9% gain in April, Commerce Department figures showed Tuesday.