Page 702 - 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

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

Elon Musk's Tesla to join S&P 500 in December as largest-ever new member

Musk, 49, is poised to become the world's third-richest person, after his net worth rises by more than $12 billion

Modi seeks funding to build smarter Indian cities post pandemic

Covid-19 has given governments the chance to accelerate the process of making cities more liveable for people, Modi said

France's biggest glacier is melting, you should see it before it disappears

"There's sometimes a certain anxiety of seeing the Mer de Glace before it disappears"

Hedge funds trapped in alleged $1.5 bn Ireo fraud to pick Varde as manager

The deal would see Varde take over the management of the firm's investments and develop its real estate projects, people said, asking not to be identified as the negotiations are confidential

India's all-time high share market sparks talk of further upside for stocks

Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Asset Management are among a number of prominent names talking up prospects for the country's shares in recent days

Go risk-on, 'keep the faith, trust the recovery' in 2021: Morgan Stanley

In an outlook for 2021, a team including Andrew Sheets recommended investors overweight equities and corporate bonds ag­ainst cash and government debt, and sell the US dollar