Page 9 - Bloomberg

US govt lifts export restrictions on Anthropic's Fable 5 AI model

Anthropic said it had received notice that Commerce Department was lifting the curbs on access to both models. Some of the restrictions on Mythos had been eased on June 26

Apple seeks US nod to buy blacklisted CXMT's memory chips as costs jump

The iPhone maker is seeking assurances that ChangXin Memory Technologies will not face tighter US export restrictions as it looks to manage rising memory chip costs

Yen falls to weakest level against dollar since 1986 amid rate gap

The Japanese currency slipped to a nearly four-decade low against the US dollar as wide interest rate differentials continued to encourage capital outflows from Japan

Trump tariff defeat is market tailwind 'no one is talking about'

Analysts say refunds of tariffs struck down by the US Supreme Court could boost corporate earnings, cash flows and shareholder returns, even if the benefit is one-off

Number of billionaires in the world hits record 3,302 as fortunes soar

The combined wealth of the world's billionaires grew 25 per cent over the past year, while global personal wealth recorded its strongest annual growth since 2017

RBI's new funding rules deal 'body blow' to Indian prop trading firms

From July 1, bank guarantees used in capital markets must be fully backed by collateral, a move expected to reduce leverage and raise funding costs

Iran ratchets up talk of controlling Hormuz ahead of fresh US negotiations

Deputy Foreign Minister Gharibabadi said Tehran wants to oversee shipping traffic through the waterway, warning that Iran could move ahead with its own plans if no agreement is reached with Oman

Demand for elite IB school programme rises in smaller Indian cities

Nearly half of the schools in the International Baccalaureate's India pipeline are located outside major metropolitan areas, according to the organisation

EY junior staffers accused of accessing Australian PM's bank account

The employees were reportedly on secondment to the Commonwealth Bank of Australia when the alleged breach occurred and were later dismissed by EY

Venezuela earthquake toll hits 1,719; govt sets up shelters for displaced

More than 22,000 people are receiving treatment and nearly 16,000 have been displaced following the devastating earthquakes that struck on June 24

How Mukesh Ambani built Project Jupiter to launch India's biggest IPO

Reliance Industries reportedly worked behind the scenes to overcome regulatory hurdles, secure investor backing and structure Jio Platforms' proposed stock market debut

India, China among markets where top firms lose market cap share in AI lag

India, China and Hong Kong are the only major markets where the largest companies account for a smaller share of overall market capitalisation than a year ago

No respite from deadly heat in Europe as 'hot' spots now shift East

Eastern Europe is bracing for record temperatures and red alerts after a deadly heat wave that claimed lives in western Europe moved eastward

Goldman Sachs recommends India's 30-year bonds on easing inflation risks

The investment bank said easing inflation expectations, lower oil prices and reduced fiscal risks have improved the outlook for India's long-dated government securities, particularly 30-year bonds

Wider fiscal gap unlikely to threaten India's rating, says Moody's

Moody's said higher energy prices may create temporary budget pressures, but India's improving fiscal position and commitment to deficit reduction should help preserve its investment-grade status

Amazon's rapid delivery push wipes out $15 billion from Eternal, Swiggy

Aggressive expansion by Amazon and Flipkart, coupled with Zepto's IPO plans, is intensifying competition in India's fast-growing quick-commerce market and putting pressure on established players

Global bond funds flock to India after tax relief measures, aiding rupee

Overseas investors have stepped up purchases of Indian govt bonds after Centre scrapped taxes on debt investments and relaxed ownership limits, improving market's appeal and supporting capital inflows

Banks may use NRI deposits to ease funding pressures: Axis Bank CEO

Indian banks are taking advantage of a move this month by the Reserve Bank of India to absorb the hedging costs incurred by lenders that raise dollars overseas

Shapoorji Pallonji refinancing delays prompt some bondholders to seek exit

Some investors are attempting to offload debt linked to a Shapoorji Pallonji Group subsidiary at a discount as negotiations over refinancing and repayment extensions continue ahead of a key deadline

India's AI ambitions hinge on overcoming regional language divide

India has over 2 dozen official languages and more than 100 dialects and if AI can't close this gap, it will just become another technology that divides the English-speaking elite and everyone else