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Iron ore is this year's hottest commodity on China-fuelled surge

Futures in Singapore have surged almost 70% this year, hitting their highest since trading started in 2013, as China's stimulus-led rebound fuels steel output and consumption

Apollo Hospitals preparing to administer 1 million vaccine shots daily

Companies vying to roll out those vaccines, along with public health experts, have raised concerns about India's capacity to swiftly inoculate its population of about 1.3 billion people

Antitrust lawsuit: Facebook breakup would demolish Zuckerberg's tech empire

Zuckerberg struggled to convince Congress of the merits of the company's plans for a cryptocurrency in light of all the other challenges the company has failed to solve

India seeks cheaper renewable power contracts to spur solar, wind projects

The country's debt-burdened distribution utilities, which have suffered losses related to electricity theft, have been reluctant to agree to long-term contracts

Vedanta Resources sells bonds worth $1 bn at one of highest yields in Asia

The company priced the January 2024 bond on Wednesday at a yield of 13.875%

Xi's microchip dreams under stress as Unigroup hints $450 mn bond default

With sprawling operations from memory chip manufacturing to smartphone and smart card chip design, Unigroup is the closest China's got to Samsung Group

Farmers' protest: Modi govt under pressure as agitation finds wider support

Farmer leaders have said the government has so far ruled out any rollback of the legislation

Antitrust lawsuits: Facebook has only itself to blame for this action

This is a radical proposition - the U.S. government hasn't contemplated breaking up a company since the Justice Department sued Microsoft in 1998

Blackstone, Brookfield bet on Indian office REITs for attractive yield

Brookfield Asset Managem­ent in October agreed to pay $2 billion for 12.5 million square feet of rent-yielding offices and co-working spaces in Asia's No 3 economy

SoftBank Group debates new strategies to go private via gradual buyout

Masayoshi Son wouldn't buy more shares himself, but his ownership stake, now about 27 per cent, would increase as other investors sell stock

Fidelity Digital Assets to hold Bitcoin as collateral for cash loans

The new service from Fidelity comes after Bitcoin beat its 2017 highest price earlier this month before retreating in recent days

Future is here: First electric air taxis set to fly in Singapore in 2023

Tickets for a 15-minute trip costing $364 are already on sale

Centre considers easing RBI's inflation target to help growth: Report

The current mandate, set in 2016, requires the RBI to keep headline inflation at the 4% midpoint of its target range.

Vedanta Resources offers dollar bond with one of the highest yields in Asia

The firm is offering the securities with initial price guidance in the 14.5% area, according to a person familiar with the matter

EM investors' hopes of market rally extending to 2021 ride on Covid vaccine

A Bloomberg survey of 63 investors, strategists and traders found the efficacy of coronavirus vaccines is likely to be the biggest market driver for next year

Abundance, price, weight: Here's why water won't make it as major commodity

The reason ultimately comes down to abundance, price and weight. The commodities that are most important to financial markets have several common characteristics

In years not decades: Hyperloop signs new deal amid competition with Virgin

Hyperloop TT on Tuesday unveiled a deal to integrate signaling gear from its new shareholder Hitachi Rail

India's export revival may be under threat. Blame it on container shortage

Global trade is being roiled by a shortage of containers because dire predictions of a collapse this year that prompted carriers to cancel sailings have proved too pessimistic

Oxford-AstraZeneca vaccine effective, further scrutiny needed among elderly

The Pfizer-BioNTech shot, approved in Britain last week, could be cleared in the U.S. as soon as this week and the European Union by the end of the year as governments race to overcome contagion

Uber sells self-driving unit to Aurora for $10 billion; gets 2 board seats

The price tag is a comedown for Uber, whose self-driving division, Advanced Technologies Group, raised money last year at a $7.25 billion valuation