Page 783 - Bloomberg/reuters

Scandal and slowdown: Diamond hub Surat latest pillar of economy to wobble

Banks have been scared off from lending to jewelers in Surat after the Nirav Modi scandal broke, with credit to the sector down 14% in October from March 2018.

US Fed leaves rates unchanged, signals policy will continue through 2020

Policy makers had been widely expected to leave rates on hold after three straight cuts that helped calm concerns the economy could falter

Saudi Aramco soars on debut to hit market value of $1.88 trillion

Aramco raised $25.6 billion in the biggest-ever IPO, selling shares at 32 riyals each and valuing the company at $1.7 trillion.

Google out of top 10 best workplaces, Facebook touches its lowest ranking

Microsoft Corp. was one of the lone big technology companies to jump in the rankings

India's coal power usage set to shrink for the first time in 14 years

Coal generation fell for a fourth month in November, the longest such streak in government data going back to 2005.

IIFL sees opportunity in crisis, bets on beleaguered financial sector

Defaults that began in 2017 with the IL&FS Group have triggered liquidity issues across other banks and shadow lenders that now face increased regulatory scrutiny

Unable to find itself a decent suitor, YES Bank needs an arranged match

Yes Bank needs an arranged match brokered by the RBI, or it's No Bank

Credit crisis is easing in India, but only for safest corporate borrowers

The cash squeeze in the nation's shadow banking industry, which lends to everyone from street vendors to property tycoons, shows few signs of abating

From Byju's to Swiggy: Next wave of tech unicorn listings could be in India

Mohandas Pai expects food delivery platforms Swiggy and Zomato, as well as PhonePe and Myntra to list in local markets in next few years

PSBs want ex-billionaire Mallya to be declared bankrupt over $1.52 bn debt

He was arrested in London in April 2017 after 17 banks accused him of willfully defaulting on more than Rs 91 billion

After dropping out of RCEP, India eyes trade deals with ASEAN countries

China said that the other 15 countries decided to move ahead with the pact and New Delhi was welcome to join RCEP whenever it was ready

Morgan Stanley sacks 1,500 globally, including MDs, in year-end job cuts

The strategy has largely paid off, with Morgan Stanley gaining market share even while it reduced headcount and capital dedicated to the business

Morgan Stanley fined $22 million for French bond market rigging

The bank manipulated the prices of 14 French government bonds and 8 Belgian bonds in June 2015

Sri Lanka leased Hambantota port to China for 99 yrs. Now it wants it back

The port is emblematic of the controversy dogging Chinese President Xi Jinping's Belt and Road initiative from Kenya to Myanmar

Japan not in the mood to join RCEP if India doesn't come on board

Abe has sought to beef up ties with India across a range of fields to balance China's regional dominance

Did full thrust revving of engines lead to grounding of Indigo's Airbuses?

Climbing at full thrust can help planes burn less fuel, two of the people said

How mobile games and Ronaldo made a 'Free Fire' 39-year-old a billionaire

The executive holds an 8.4 per cent stake in the company and is worth $1 billion, according to the Bloomberg Billionaires Index. A company representative declined to comment on his net worth

Singapore orders Facebook to correct a user's 'anti-govt' blog post

Singapore is just one of many nations grappling with how to respond to propaganda and false information online

As news goes from bad to worse, Modi govt scrambles to revive the economy

Finance Minister Nirmala Sitharaman said this week she's not closing the door on additional steps to support the economy.

Crisis-hit Yes Bank poised to reveal crucial fund-raising details

Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday