Page 655 - Bloomberg

SBI drags feet on loan to Adani firm for controversial Australian coal mine

Bank's executive committee, which will make the final decision, hasn't had discussions about the loan this year, reports Bloomberg.

China's bid to ramp up Covid vaccinations hindered by supply shortages

China has also offered vaccines to the International Olympics Committee for the upcoming Tokyo Games, while carrying out discussions with European countries looking for supply

State-run refiners prepare to buy Iran oil once US sanctions ease

India has been vocal in its support for Iranian crude purchases recently as it laments the price of supplies from Saudi Arabia.

Saudi Arabia crown prince's past makes his vision a tough sell abroad

His plan to open up the economy may be jeopardised by his reputation

Next victim of chip shortage will be home internet routers as supply chokes

Sharp coronavirus manufacturing shutdowns a year ago were exacerbated by a prolonged surge in demand for better home broadband equipment

US offer on global corporate tax deal would tie levies to revenue

OECD is trying to forge a deal among 139 countries on its plan by this summer

Federal Reserve signals intent to wield power over short-term rates

Repo and Treasury bill rates have been flirting with zero since the beginning of the year as reserve balances at the central bank swell

US jobless claims jump to 744,000 as Covid-19 still forces layoffs

Initial claims in regular state programs increased by 16,000 to 744,000 in the week ended April 3, Labor Department data showed Thursday. Economists in a Bloomberg survey estimated 680,000 claims

GameStop shares rise over plan to replace chairman with Ryan Cohen

Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn't result from a disagreement over operations, policies or practices

Credit Suisse CEO Gottstein faces anger in the ranks on Archegos mess

According to people with knowledge of the call, Gottstein was grilled on the exposure and risk profile of the bank -- and why it lost so much more than rivals in the debacle

Amazon reveals scorching growth in India as Flipkart fight deepens

The US online giant said it has enabled exports of Indian-made goods worth $3 billion and created over a million local jobs since it began operating in the Asian nation about a decade ago

AstraZeneca blood clot worries complicate bid to vaccinate the world

Reviews by UK and EU regulators finding potential links to the unusual side effects are another blow for the shot, a cheaper and easier-to-deploy product that many nations are counting on

Oil price dips as record Covid-19 cases in India imperil demand revival

West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March

Indian consumers turn more glum about future, less likely to spend: Survey

The reasons for the pessimism were deteriorating sentiments on general economic situation, income and prices, the RBI said. The current situation index had hit a record low of 49.9 in September

In a historic setback, millions are tumbling out of the global middle class

Nearly 150 million slipped down the economic ladder in 2020, the first pullback in almost three decades

Benchmark indices continue winning streak on RBI's accommodative stance

The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819

Monetary policy review: RBI changes the way it forecasts inflation rate

The amendments come just days after the RBI won approval from the government to retain its 2-6 per cent inflation target range for the next five years

ReNew Power lines up $9 billion over 4 years in India's green push

The company plans to triple capacity to 18.5 Gw by 2025

Markets gain on RBI's accommodative stance, banking stocks lead rally

Sensex gains 0.94%; Bank Nifty rises 1.5%

JPMorgan's Jamie Dimon predicts 'this boom could easily run into 2023'

Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon