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Morgan Stanley sued for $750 million by private equity firms claiming fraud

Morgan Stanley said in a statement, "The Firm does not believe the claims have merit and will defend itself vigorously."

Microsoft facing formal European Union complaint over Teams Video App

The European Commission is preparing a statement of objections to send to the company, which could come in the next few months, the people said

Cut spend by 8%, build wall to avert October 1 shutdown: Kevin McCarthy

McCarthy immediately faced opposition from some GOP ultra-conservatives that could doom the plan

JPMorgan sees India's share sale boom reaching $30 billion in 2024

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg

Ebanx to integrate India's UPI payments later this year, US IPO in works

Since its founding in 2012, Curitiba-based Ebanx has focused on cross-border transactions for clients like Spotify Technology SA, Airbnb Inc. and Alibaba Group Holding Ltd

Disney India's streaming, TV biz sale talks draw firms including Reliance

Though Disney Star has seen declining subscriber numbers after losing the IPL streaming rights, it hasn't ceded the entire cricket business, securing the television rights through 2027

Thailand eyes India to boost tourism recovery after waiving visa for China

Thailand PM Srettha said he plans to make a trip to India this year to meet his counterpart Narendra Modi and discuss increasing flight frequency between the two countries

Thailand eyes India to boost tourism recovery after waiving visa for China

Thailand may also mull other measures to boost Indian tourist arrivals, such as offering tax exemptions on jewelry imported for Indian weddings held in Thailand

Xi's security obsession turns ordinary Chinese citizens into spy hunters

As President Xi Jinping throws up a forcefield of security controls to repel perceived foreign threats to Communist Party rule, Beijing's message to the public is spooks are everywhere

How can you spot greenwashing in advertisements, product packaging?

Broadly speaking, it's when companies questionably claim environmental bona fides to attract more business or draw less scrutiny

Stocks euphoria in Indian market draws warning from top-performing fund

The chief investment officer at Nippon Life India Asset Management Ltd. says it's increasingly difficult to find opportunities in the $3.8 trillion market, where benchmarks have just hit record highs

China's short-term economic prospects doesn't mean it is out of the woods

A healthy Chinese economy is a prerequisite for a solid and durable world expansion. Better a month of reasonably good data than another installment of doom and gloom

Global banks expand maternity benefits to retain women employees in India

India already mandates a minimum 26 weeks of maternity leave at full pay - among the most in the Group of 20 economies, according to the World Bank's Gender Data Portal

Nearing $20 bn: Cocaine set to beat oil to be Colombia's main export

"From a purely economic standpoint, higher cocaine production and exports have supported short-term activity, domestic demand and external accounts," Bloomberg economist Felpi Hernandez said

World's oil refiners are struggling to make enough diesel: Here's why

While oil futures are rocketing - on Friday they were just below $95 a barrel in London - the rally pales in comparison with the surge in diesel

France govt plans to allow selling fuel at loss to curb inflation

"With this unprecedented measure, we will get tangible results for French people without subsidizing fuel," Borne said. She ruled out the government cutting fuel duties

A massive $188 bn exodus shows China's heft fading in world markets

Foreign holdings of the nation's equities and debt have fallen by about 1.37 trillion yuan ($188 billion), or 17%, from a December-2021 peak through the end of June this year

Demand for champagne softens after post-Covid boom years, says LVMH

"2023 is a bit more complicated, because this effect of Covid is fading out, and there's a lot of inflation in all countries," Schaus said. "So we see that we are going back to normal

World disappointed by United Nations now looks elsewhere for answers

With dozens of world leaders descending upon New York for the United Nations General Assembly's annual gathering, global problems are showing up fast and thick at the world body's door

Sanjeev Gupta returns to UK after absence since GFG Alliance fraud probe

Gupta, who now lives in Dubai, has traveled to the UK to visit a sick relative as well as for business meetings, according to people familiar with the matter