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Bloomberg

Bloomberg

Page 368 - Bloomberg/reuters

China claims world's fastest internet with 1.2 terabit-per-second network

The network "is operated based on China's domestically-owned key technologies," the official Xinhua News Agency said in a report carried on Tsinghua's website

China claims world's fastest internet with 1.2 terabit-per-second network
Updated On : 15 Nov 2023 | 10:55 AM IST

Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job

The board of the National Investment & Infrastructure Fund has recommended Aggarwal for the role of Chief Executive Officer, the people said, asking not to be identified as the information is private

Actis's Sanjiv Aggarwal said to be frontrunner for India NIIF CEO job
Updated On : 15 Nov 2023 | 10:49 AM IST

UBS Group is calling time on Indian stocks' outperformance over China

Stocks in China have currently priced in "lots of negatives," making them poised for a sharp rebound when catalysts arrive, said Sunil Tirumalai, UBS' global emerging market strategist

UBS Group is calling time on Indian stocks' outperformance over China
Updated On : 15 Nov 2023 | 9:03 AM IST

Xi calls for economic exchanges with Taiwan before meeting with Biden

Xi urged more efforts "to facilitate economic exchanges and cooperation and advance integrated development in all fields across the strait," the official Xinhua News Agency reported

Xi calls for economic exchanges with Taiwan before meeting with Biden
Updated On : 15 Nov 2023 | 8:34 AM IST

Warren Buffett's Berkshire trims its HP stake, exits bet on General Motors

The conglomerate's retreat from Activision completes Buffett's arbitrage play amid the video-game maker's prolonged effort to merge with Microsoft Corp.

Warren Buffett's Berkshire trims its HP stake, exits bet on General Motors
Updated On : 15 Nov 2023 | 8:29 AM IST

Israeli forces begin 'targeted operation' at Gaza's main Al-Shifa hospital

The scale of Israel's move wasn't immediately clear. The IDF said its forces included medical teams and Arabic speakers.

Israeli forces begin 'targeted operation' at Gaza's main Al-Shifa hospital
Updated On : 15 Nov 2023 | 7:44 AM IST

Here's why iPhone maker Foxconn is now chasing satellites and EVs

Foxconn Technology Group's second-straight slide in sales lays bare the folly of the Taipei-based manufacturer relying on Apple Inc. for more than half its business

Here's why iPhone maker Foxconn is now chasing satellites and EVs
Updated On : 15 Nov 2023 | 7:11 AM IST

Here's why India and UK are acting like cowards on the free trade agreement

Indian negotiators are pushing for strict "rules of origin" checks for tradable goods, to make sure that any FTA benefits apply only to goods made predominantly in Britain

Here's why India and UK are acting like cowards on the free trade agreement
Updated On : 15 Nov 2023 | 6:50 AM IST

China plans to allocate $137 bn of new funds to aid housing market

The outstanding amount of funds lent through the PSL program stood at 2.9 trillion yuan as of October.

China plans to allocate $137 bn of new funds to aid housing market
Updated On : 14 Nov 2023 | 11:16 PM IST

For Google Play, dominating android world was 'existential': Report

Epic is seeking to show that executives at the Alphabet Inc. unit were eager to discourage the proliferation of third-party app stores

For Google Play, dominating android world was 'existential': Report
Updated On : 14 Nov 2023 | 8:57 PM IST

Huawei and Xiaomi lead China smartphone market's double-digit rebound

Phone sales in the world's biggest mobile market were up 11% in the first four weeks of last month compared to the same period a year ago, according to Counterpoint Research data

Huawei and Xiaomi lead China smartphone market's double-digit rebound
Updated On : 14 Nov 2023 | 2:13 PM IST

iPhone maker Foxconn's profit beats views in sign of resilient demand

Net income in the September quarter came to NT$43.13 billion ($1.3 billion), compared to the average analyst estimate of NT$34 billion

iPhone maker Foxconn's profit beats views in sign of resilient demand
Updated On : 14 Nov 2023 | 1:25 PM IST

China's support for certain industries poses global 'risk', says Yellen

Yellen added that she discussed China's growth slowdown with APEC, who agreed that it presented 'downside risk to the economic outlook' particularly for APEC nations with strong trade ties to Beijing

China's support for certain industries poses global 'risk', says Yellen
Updated On : 14 Nov 2023 | 11:26 AM IST

For Google Play, dominating the Android ecosystem was 'existential'

Epic is seeking to show that executives at the Alphabet Inc. unit were eager to discourage the proliferation of third-party app stores that would cut into Google Play's operating profit

For Google Play, dominating the Android ecosystem was 'existential'
Updated On : 14 Nov 2023 | 8:12 AM IST

China's economy likely struggled to gain traction despite stimulus

That dynamic will be most evident in retail sales data, which is expected to show a 7 per cent jump year-on-year as it compares to pandemic and lockdown-hit 2022

China's economy likely struggled to gain traction despite stimulus
Updated On : 14 Nov 2023 | 7:23 AM IST

Faster trains are crucial for India to tap global export markets like China

What has local train travel got to do with exports? A lot, according to Lin Tian at INSEAD in Singapore and Yue Yu at the University Of Toronto

Faster trains are crucial for India to tap global export markets like China
Updated On : 14 Nov 2023 | 6:56 AM IST

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

PE firms' $1.5 trn worth of assets trapped in China after market slumps
Updated On : 14 Nov 2023 | 6:46 AM IST

Centre to seek bids for $960 million EV battery production program

The government will seek bids from potential investors next month, they said

Centre to seek bids for $960 million EV battery production program
Updated On : 14 Nov 2023 | 12:23 AM IST

UBS strategists see far deeper Fed rate cuts than what markets are pricing

The strategists expect the benchmark federal funds rate to fall to between 2.5% and 2.75% by the end of 2024, and see the terminal rate at 1.25% by early 2025

UBS strategists see far deeper Fed rate cuts than what markets are pricing
Updated On : 14 Nov 2023 | 12:05 AM IST

Centre weighs five-year tax cuts on EV imports to woo Tesla: Report

Opening up the EV segment could speed up the adoption of cleaner transport in a country that currently has the world's most toxic air

Centre weighs five-year tax cuts on EV imports to woo Tesla: Report
Updated On : 13 Nov 2023 | 11:58 PM IST