Page 765 - Bloomberg

Facebook antitrust probe grows as dozens of states join New York

A total of 45 states - plus Guam and the District of Columbia - are now partnering in the bipartisan investigation, New York Attorney General Letitia James, who's leading the probe, said

Banks must act now or risk becoming a 'footnote', cautions McKinsey

Banks allocate just 35% of their information-technology budgets to innovation, while fintechs spend more than 70%, McKinsey said

A health check on India's shadow banks shows the crisis is far from over

Troubles began last year when major shadow bank IL&FS Group unexpectedly defaulted, prompting broader shock that made it hard for many companies to refinance debt

SoftBank throws WeWork a $9.5 billion lifeline, picks up 80% stake

WeWork founder Adam Neumann will leave the company's board as part of the package, to be replaced by SoftBank executive and newly appointed Executive Chairman Marcelo Claure

M&A deals set to surge as founders face acute cash squeeze: Axis Capital

The financing squeeze has already taken a toll on the country's economic expansion, which in turn erodes borrowers' capability to repay further

China's central bank boosts liquidity ahead of tax payment surge

The People's Bank of China on Tuesday net injected 250 billion yuan ($35 billion) via seven-day reverse repurchase agreements, according to a statement

SoftBank takes control of WeWork as part of bailout, Neumann to leave board

The deal would value WeWork's parent company at about $8 bn

Sensex falls 334 pts, Nifty dips 74 pts after Infy whistle-blower complaint

This is the sharpest decline for the software exporter since April 2013, shows data compiled by Bloomberg

H-1B visa: Why US needs more of India's and China's best and brightest

H-1B workers contribute a lot to innovation and economic dynamism in the US.

Trump Tower builder in Mumbai dumps luxury for cheap homes as India slows

Macrotech Developers will cut the share of premium housing from its portfolio to about 17 per cent from 30 per cent, said MD Abhishek Lodha

Whistleblower crisis: Infosys may need some private time to fix itself

It might not be a bad idea for a buyout fund to step in and take Infosys out of the glare of the public markets

Britain to remain economically reliant on foreign workers for decades

Even if it succeeds in eventually extricating itself from the EU, the UK can ill-afford to raise the drawbridge to overseas workers

Reducing taxes to boost investments is a myth, says Abhijit Banerjee

Countries from China to India to Indonesia are slashing taxes for businesses to spur growth amid a gloomy outlook for global economic expansion

US equity futures rise, dollar continues to weaken against major peers

The pound fluctuated close to its strongest level since May

A long list of economic problems await Hong Kong. How they can be fixed

Many in the city question the political will of Hong Kong's government officials to take bold, aggressive action in a range of policy areas

India International Exchange plans to waive fee to lure rupee trade home

Rupee trading onshore has been shrinking at the expense of offshore market, with volumes in London topping those in India's financial capital Mumbai

SoftBank Group in talks for $5-billion rescue financing for WeWork

The funds will come directly from SoftBank, rather than its Vision Fund, according to a person familiar with the matter

Tata won't sell Jaguar Land Rover, open to adding partners: Chandrasekaran

Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport utility vehicle from Ford Motor Co. in 2008

Saudi Aramco set to pay up to $450 million in fees to IPO advisers

Investment bankers from around the world have been pitching for years to win a coveted role on Aramco's IPO

India's tech renaissance: PhonePe, Paytm could be the next TCS, Infosys

Hopefully the momentum at both PhonePe and Paytm will spur more Indian entrepreneurship, feeding a rebirth in India's tech sector not seen since the IT-outsourcing boom two decades ago