Page 688 - Bloomberg

Lakshmi Vilas Bank failed and this time India is getting a rescue right

India called upon called upon a foreign institution to take over Lakshmi Vilas Bank's assets and liabilities. That should stoke interest of other global banks

Oxford-AstraZeneca Covid-19 vaccine shows immune response in older adults

The vaccine causes few side effects and provokes a response in T-cells that target the virus within 14 days of the first dose and a protective antibody response within 28 days of the booster dose

Oaktree, Varde offer $2 billion funding to Vodafone Idea: Report

Vodafone Idea said in September it plans to raise as much as 250 billion rupees ($3.4 billion)

It's not museums that continued collecting art during Covid-19 but banks

As pandemic-related shutdowns have entered their ninth month, banks have continued to collect, lend, and exhibit art. By comparison, 1 in 3 American museums never reopened after shutting down in March

India's economy may continue to face Covid-19 aftershocks till 2025: Report

HSBC Holdings Plc said India's potential growth could drop to 5% in the post-pandemic world from 6% on the eve of the outbreak and more than 7% before the global financial crisis

Trump challenged election results in key states but can he win them back?

In order to reverse last week's results and get the 270 electoral votes needed to win the White House, Trump would need to move at least three of those states into his column

Trump's troop withdrawal from Afghanistan may put Biden in a tough spot

Biden may find that one of his first acts as president will be to send more troops to a war he wanted to end 11 years ago

Borrowing costs ease for NBFCs after RBI pumps more cash in credit market

India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects

Taiwan's broadcast regulator orders closure of pro-China TV channel

The National Communications Commission will not renew the broadcast license of Chung T'ien News, its chairman Chen Yaw-shyang said at a briefing in Taipei on Wednesday

Apple to slash App Store developer fee by half to 15% from Jan 1, 2021

Apple has faced ongoing scrutiny from government regulators and criticism from developers about the percentage of revenue it takes for App Store purchases

US market regulator threatens stock market ban for Chinese companies

This comes amid China's refusal for review audits of Alibaba, Baidu and others

This hottest India internet stock is surging on back of startup investments

Info Edge India climbed to a record on Tuesday and is the top gainer this month on the National Stock Exchange's 10-member IT index. The company runs Naukri.com, nation's leading job-hunting platform

Samsung intensifies chip wars; invests $116 billion into business

South Korea's biggest company will mass-produce 3-nanometer chips in 2022, a senior executive at its foundry division told attendees at an invite-only event last month

Music platforms remain immune to Covid-19 as investments intensify

Shamrock Capital, a private equity firm, has acquired the Taylor Swift master recordings from Carlyle Group and manager Scooter Braun for $300 million

Tencent to invest in online education startup Udemy at over $3 bn valuation

Investors were also told by Udemy that the company could pursue an initial public offering next year

Pfizer, BioNTech plan regulatory filing as vaccine proves 95% effective

The companies said their vaccine protected people of all ages and ethnicities

Brexit creates jobs for customs staff in India as firms seek cheaper labour

Metro Shipping, which moves goods for some of Britain's largest retailers and automotive companies, has taken on 17 extra staff in Chennai, India in recent weeks to handle Brexit-related work

In 25 yrs to 2025, China would've overtaken 56 nations in per capita income

By that date, China will rank 70th in the world on the metric, putting it close to joining the richest one-third of nations

Musk beats Zuckerberg to become 3rd-richest person as Tesla enters S&P 500

Tesla will enter the S&P 500 on Dec. 21 following months of speculation and one temporary setback, when the stock failed to make the cut during the index's quarterly rebalancing in early September

Huawei sells Honor to Chinese firm after US cuts supply of chips

Huawei will no longer hold any shares in Honor after the transaction