Page 658 - Bloomberg

Biden to let Trump's H1-B visa ban expire, marking win for US tech firms

US President last month withdrew a related Trump executive order that stopped the issuance of new green cards.

Xi Jinping's shifting China is compelling investors to run, hide or hire

Jinping's government endorsed a boycott against retailers like Hennes & Mauritz AB and slapped sanctions on a range of organizations over statements made on alleged forced labor in Xinjiang

Nomura CEO Kentaro Okuda's honeymoon ends with $2 billion Archegos debacle

Archegos's debacle triggered a record 16% drop in Nomura's shares on Monday, wiping $3.5 billion from its market value

Biggest rupee bear sees Asia's top performing currency hitting one-year low

Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields

The Suez Canal crisis is over, now it's time to add up the damages

Delays are adding to pressures on fragile global supply chains

US SEC says it's been monitoring Archegos fallout since last week

"We have been monitoring the situation and communicating with market participants since last week," an SEC spokesperson said in emailed statement

Biggest Japan bank joins Nomura in bracing for Archegos loss: Report

Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said

Credit Suisse girds for billions in losses from Archegos Capital hit

The Swiss bank expects its loss tied to the implosion of Archegos Capital Manag­ement to run into the billions, according to people with knowledge of the matter

Covid-19 report did not adequately analyse possibility of a lab leak: WHO

Director-General Tedros Adhanom Ghebreyesus said even though the international team of scientists determined that a leak is the least likely hypothesis for the origin of the pandemic, it requires furt

FTSE puts India, Saudi on watchlist for inclusion in its bond index

FTSE Russell's semi-annual country classification review said market accessibility level of Indian and Saudi bonds will be considered for reclassification to 1 from 0

Easy Trip co-founder upbeat despite public listing at worst time for travel

Easy Trip Director Prashant Pitti is sanguine, even though his firm, which operates EaseMy­Trip.com, gets more than 90% of its revenue from selling airline tickets

China-US tensions can boost India's tech dreams: Hinrich Foundation report

Tech giants like Apple, Amazon, and Samsung that have relied on China for years are shifting production to India and Southeast Asia

FTSE puts Indian govt bonds on watch for possible index inclusion

The FTSE announcement is an acknowledgment of India's efforts to liberalize its sovereign bond market

How one of world's greatest hidden fortunes was wiped out in days

US billionaire Bill Hwang and his private investment firm, Archegos Capital Management, are at the centre of one of the biggest margin calls of all time.

Covid-19 origin likely from bats, animal hosts as pathway: WHO study

A spillover from bats via another animal is the most likely scenario in the report, followed by direct spillover.

With ID.4, Volkswagen has electric SUV that whispers, not shouts

Capable, well-equipped and nice-looking, VW's entry into the growing field of electrified utility vehicles will fit in with a lot of families

Zoom, other WFH tech darlings risk user exodus as the world reopens

Many well-known apps are losing ground, or usage has stabilized

Billions in secret derivatives at the centre of Archegos blowup

Goldman U-turn put Bank on verge of margin call

GameStop soars to erase $4-billion hole as meme stocks roar

The company has made "significant changes" to its board since June 2020

Sequoia Capital India closes $195-million seed fund to foster start-ups

69 startups in four cohorts have received a combined $172 million