Bloomberg
Bloomberg
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How Masayoshi Son's 'money guy' Lex Greensill went from hero to zero
Son has had to write down his investment, making it among the worst in the history of his Vision Fund, alongside the implosion of WeWork Cos., another SoftBank portfolio company
 "How Masayoshi Son's 'money guy' Lex Greensill went from hero to zero")
Pakistan's Cabinet makes U-turn on plan to resume trade with India
The India-Pakistan cease-fire marked a milestone in secret talks brokered by the UAE, Bloomberg reported earlier this month
 "Pakistan's Cabinet makes U-turn on plan to resume trade with India")
Global chocolate makers have sweet-loving Indians in their sights
Chocolate -as well as ice cream, cakes and milk shakes - is starting to displace traditional treats among the middle classes
 "Global chocolate makers have sweet-loving Indians in their sights")
Egypt may seek $1 bn in damages over lost revenue due to Suez crisis
The figure is a rough estimate of losses linked to transit fees, damage to the waterway during the dredging and salvage efforts, the Suez Canal Authority's chief said
 "Egypt may seek $1 bn in damages over lost revenue due to Suez crisis")
India's biz reputation at risk as states push laws to make firms hire local
Millions of jobs were lost during last year's nationwide lockdown, dealing a blow to govt's promise of generating adequate employment for the world's youngest and biggest workforce
 "India's biz reputation at risk as states push laws to make firms hire local")
Sensex drops 627 points, Nifty ends at 14,691; Banks, RIL drag market
A day earlier, both the indices had posted their biggest gain in nearly two months, advancing 2.3 per cent each
 "Sensex drops 627 points, Nifty ends at 14,691; Banks, RIL drag market")
Biden's $2-trn proposal: $174 bn for EVs, new funds for clean power
What Biden lays out Wednesday is just the first part of his long-term economic program, with a second round of initiatives to be announced in mid-April
 "Biden's $2-trn proposal: $174 bn for EVs, new funds for clean power")
Saudi Arabia's listed firms to cut payouts for Prince's $1.3-trn plan
The companies will benefit from extra subsidies and the ability to lobby for law changes
 "Saudi Arabia's listed firms to cut payouts for Prince's $1.3-trn plan")
Covid-19 crisis: China sitting on key data on lab leak, says WHO chief
14 countries raise concerns over joint report by WHO-China on Covid origin
 "Covid-19 crisis: China sitting on key data on lab leak, says WHO chief")
Biden to let Trump's H1-B visa ban expire, marking win for US tech firms
US President last month withdrew a related Trump executive order that stopped the issuance of new green cards.
ECB may get a digital currency in 4 years: President Christine Lagarde
The ECB is about to release an analysis of the 8,000 responses it received as part of a public consultation process on the potential launch of a central bank digital currency
 "ECB may get a digital currency in 4 years: President Christine Lagarde")
Volkswagen US name change to 'Voltswagen' was April Fool's joke gone awry
Earlier, the automaker caused an uproar last year with a video clip that showed a black man being controlled by a giant white hand
 "Volkswagen US name change to 'Voltswagen' was April Fool's joke gone awry")
China's mega-refineries throttling other Asia oil processors amid pandemic
A frenzy of refinery building in China is set to make the nation the world's largest crude processor this year
 "China's mega-refineries throttling other Asia oil processors amid pandemic")
Xi Jinping's shifting China is compelling investors to run, hide or hire
Jinping's government endorsed a boycott against retailers like Hennes & Mauritz AB and slapped sanctions on a range of organizations over statements made on alleged forced labor in Xinjiang
 "Xi Jinping's shifting China is compelling investors to run, hide or hire")
Nomura CEO Kentaro Okuda's honeymoon ends with $2 billion Archegos debacle
Archegos's debacle triggered a record 16% drop in Nomura's shares on Monday, wiping $3.5 billion from its market value
 "Nomura CEO Kentaro Okuda's honeymoon ends with $2 billion Archegos debacle")
Biggest rupee bear sees Asia's top performing currency hitting one-year low
Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields
 "Biggest rupee bear sees Asia's top performing currency hitting one-year low")
The Suez Canal crisis is over, now it's time to add up the damages
Delays are adding to pressures on fragile global supply chains
 "The Suez Canal crisis is over, now it's time to add up the damages")
US SEC says it's been monitoring Archegos fallout since last week
"We have been monitoring the situation and communicating with market participants since last week," an SEC spokesperson said in emailed statement
 "US SEC says it's been monitoring Archegos fallout since last week")
Biggest Japan bank joins Nomura in bracing for Archegos loss: Report
Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said
 "Biggest Japan bank joins Nomura in bracing for Archegos loss: Report")
Credit Suisse girds for billions in losses from Archegos Capital hit
The Swiss bank expects its loss tied to the implosion of Archegos Capital Management to run into the billions, according to people with knowledge of the matter
 "Credit Suisse girds for billions in losses from Archegos Capital hit")