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Too many unsold homes? China considering govt purchases to ease glut

Local state-owned enterprises would be asked to help purchase unsold homes from distressed developers at steep discounts using loans provided by state banks, according to two of the people

Max 737 crashes: Will see whether and how to punish Boeing, says US govt

The Justice Department said it is still determining how to proceed, including whether and how to punish the company

Global funds eye India's maturity bonds betting on RBI's policy shift

The proportion of foreign money allocated to local bonds due in 10 years or more climbed to 17 per cent last week, up from just 11 per cent in September

As movies disappoint, PVR Inox may screen T20 Cricket World Cup, concerts

PVR Inox, which reported a net quarterly loss of Rs 130 crore ($15.6 million) on Tuesday, is building a portfolio of concerts, sports, and alternate events to attract crowds

Killer April heat wave in Asia was made much worse by climate change

In South Asia, which was the focus of two such studies in 2022 and 2023, abnormal heat was found to be 45 times more likely to occur, and to be 0.85C higher due to climate change

LS polls 2024: Stock market slump doesn't mean PM Modi is in trouble

Indian politics is complicated enough to predict without throwing stock prices into the mix as well, Mihir Sharma writes

Elon Musk ordered to resume testimony in X acquisition probe by SEC

Musk previously testified twice in July 2022, the SEC said, but failed to show up last year for follow-up questioning

Accounting fraud concerns raise red flags for India's booming tiny IPOs

The crackdown comes after the regulator issued warnings earlier this year of price manipulation in tiny IPOs

Bullish case for the rupee's rebound dented by RBI's intervention fears

RBI's objective is to prevent outsized moves in the rupee in either direction, said Michael Wan, senior currency analyst at MUFG, adding that this would limit the rupee's upside

India's move to buy back bonds runs into RBI's need to keep tight stance

Last week, the monetary authority accepted bids for about a quarter of the 400 billion rupees ($4.8 billion) of bonds the government offered to repurchase

Shipping is a dirty business, but cleaning it up is lucrative; here's why

Investor's love for this exciting new company category may wane when the EV market picks up again, or the smartphone sector finally returns to growth. But, for now, ship maintenance is exciting

Indian bonds outperforming most Asian peers despite swings in treasuries

India's foreign-exchange reserves hit a record high in April, and the rupee has remained emerging Asia's best performing currency even against a strong dollar, reflecting increased investor interest

Billionaire Birla's Novelis seeks to complete US IPO as soon as June

Hindalco is seeking to raise about $1.2 billion in the IPO for Atlanta-based Novelis and may target a valuation of about $18 billion, Bloomberg News has reported

Global semiconductors battle intensifies with $81 bn subsidy surge

Chips spending by the US and its allies marks a new challenge to Beijing's decades of industrial policy - albeit one that will take years to bear fruit

What EU sanctions on re-exporting Russian LNG would mean for global gas

Russian producer Novatek PJSC relies on stopovers in the EU to move Arctic fuel from ice-class ships onto conventional tankers

Research reports on China's bad lending data disappear on social media

At least seven research reports from mainland brokerages and securities firms that had been posted to WeChat by analysts were unavailable for viewing

Renewable energy firm SAEL plans dollar bond sale targeting up to $500 mn

The offering also comes amid India's push to ramp up the renewable energy sector

Court grants reprieve to Musk's X in its fight against Australian govt

The incident provoked a furious clash between Musk and the Australian government, including Prime Minister Anthony Albanese

Sugar in cereals, pesticides in spices; why we struggle to keep food safe

Sugar in baby food is a different challenge, one that has its roots in activist shareholders' demands of a vote on the health impact of Nestle products worldwide

Technology pioneer Kai-Fu Lee aims to bring China its ChatGPT moment

Lee's firm, 01.AI, is launching a free productivity assistant called Wanzhi, the latest in a series of AI products it's developing