Page 565 - Bloomberg/reuters

Singapore will pip Oz to be Asia's millionaire capital by 2030: HSBC

The financial hub is expected to top the list in Asia-Pacific followed by Australia, Hong Kong and Taiwan, the bank wrote in a report Tuesday

'Boomerang employees' are going back to the old jobs they quit

Familiarity, fears of recession and regrets about the Great Resignation are drawing workers back, and bosses are boasting about it on social media

Apple Inc targets Sept 7 for iPhone 14 launch in flurry of devices

The new iPhones will kick off a busy fall product season, which will also include multiple new Macs, low-end and high-end iPads, and three Apple Watch models

Hong Kong's AMTD, whose stock soared 32000%, faces regulatory scrutiny

The previously unreported probe by Hong Kong's securities watchdog into AMTD Group Co., which is run by former UBS Group AG banker Calvin Choi, predates the US listing of its unit AMTD Digital Inc

Damani's budget grocery chain DMart eyes fivefold growth in heated market

Avenue Supermarts could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284

China plans more fiscal stimulus as outlook darkens with rising Covid cases

China's local governments could sell more than $229 billion of bonds to fund infrastructure investment and plug budget gaps

Industrial China is alive and well despite concerns of economic slowdown

Data this past week showed a dismal picture: China's industrial output rose 3.8% from a year earlier, which was below expectations, fixed investment grew slower than forecast and credit was weak

Rushdie attack: Cost of prizing religious identity over defence of liberty

In a piece of dreadful irony, last week's brutal knife attack on Salman Rushdie came just days before the 75th anniversary of the partition of India and Pakistan

Goldman Sachs, Nomura downgrade China GDP forecasts as outlook darkens

Goldman Sachs lowered its projection for China's gross domestic product growth to 3% from 3.3%, citing weaker-than-expected July economic data as well as near-term energy constraints

Covid's harmful effects on brain reverberate years later, finds study

While anxiety and depression occur more frequently after Covid than other respiratory infections, the risk typically subsides within two months, researchers found

India may delay coal plant closures amid crisis in blow to climate action

India's government is studying a slower retirement of aging coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years

FPI buying streak signals more upside for Indian equities, suggests data

The average 20-day and 10-day gain after a double-digit stretch of buying is 2.7 per cent and 1.4 per cent, respectively, reveals Bloomberg data

Blackstone to sell Sona BLW's shares worth nearly Rs 4,000 cr on Thursday

About 13.6% stake in Sona BLW Precision Forgings is likely to be sold via block deals on Thursday

Fed saw smaller hikes ahead to assess prior moves, show July minutes

Pace of future Fed hikes depends on data, no evidence inflation subsiding, July minutes show

Was joking about buying football club Manchester United, says Elon Musk

Musk has a track record of using Twitter to make jokes and troll the media, which follows his tweets closely

Amazon accuses FTC of harassing Bezos, CEO Andy Jassy in Prime probe

In a filing made public, Amazon claimed FTC staff have made "unduly burdensome" demands as it investigates whether the company's subscription services, including Amazon Prime, violate antitrust laws

UK inflation hits double digits in July for the first time in 40 years

The Consumer Prices Index rose 10.1% in July in the UK from a year earlier after a 9.4% gain the month before

Norsk Hydro shuts aluminum plant in Slovakia as Europe's power woes deepen

Aluminum is one of the most energy-intensive metals to produce, and closure of the Slovalco facility adds to growing signs of stress in Europe's industrial economy as power prices surge to record high

Goldman Sachs sees India bonds getting added to JP Morgan index in 2023

The development is expected to trigger passive inflows of about $30 bn that will help the country finance its current account and fiscal deficits

Here is why China may not impose stronger trade restrictions on Taiwan

The value of trade targeted by China's sanctions contributes a tiny amount of less than 1% to Taiwan's gross domestic product, according to economists