Page 16 - Bloomberg/workspace/business Standard Web/undefined

Nearly 2,500 missing as Nepal, China step up flood rescue efforts

At least 579 people have been confirmed dead while 1,924 remain unaccounted for, including hundreds of foreigners from India, Malaysia, Australia and the US

Trump to discuss high gasoline prices with US oil refiners next week

The session will give Trump an opportunity to hear directly from industry executives about market dynamics, what can be done to lower gasoline prices and how to bolster domestic fuel refining capacity

Stocks of some Indian banks show widest exchange price gap in decades

Large discrepancies in closing values were seen in IndusInd Bank, AU Small Finance Bank Ltd., IDFC First Bank Ltd., and Federal Bank Ltd.

US set to take control of major portion of Venezuelan's oil wealth

The plan represents an unparalleled modern-day intervention into another country's economy, harkening back to British government control of Iran's oilfields

Chinese chipmaker CXMT's sales soar almost 10-fold amid memory crunch

The Hefei-based company's revenue expanded to 150.3 billion yuan ($22.4 billion) in the first six months, more than double the sales it raked in across all of 2025

Noel Tata, Shapoorji Pallonji discuss share swap for Tata Sons stake sale

Representatives of Noel Tata are exploring the possibility where SP Group receives shares of companies such as Tata Power in exchange for some or all of its 18.4% in the privately-held Tata Sons

Blackstone to sell $1.25 billion stake in India's Knowledge Realty Trust

The investor will sell up to 11.1 million units representing 25.03% stake on Aug. 31 for non-retail investors and Sept. 1 for retail investors, according to a filing.

Kevin Warsh says inflation isn't slowing, vows to hit Fed's 2% target

Warsh added that financial conditions are not currently restrictive and that interest rates are the Fed's "predominant tool" for achieving its mandate.

Ex-RBI chief Raghuram Rajan urges Fed to hike rates, relaxed on rupee

Markets expect Fed will boost borrowing costs in December as inflation remains elevated, while a sharp rise in bond yields indicates that investors are also pricing in some chance of a September move

Nepal flood rebuilding costs could hit $5 bn: Billionaire Binod Chaudhary

The flash flood tore through Nepal's mountainous border region with China on Aug. 26, engulfing villages and washing away roads and bridges

BSE options surge 4,000% in 15 minutes shows wild swings under new CAS

A bank index put option surged nearly 4,000% before crashing to zero within 15 minutes

Fed should raise rates to curb inflation, says ex-RBI chief Raghuram Rajan

Markets expect the Fed will raise rates in December as inflation remains elevated, while a sharp rise in bond yields indicates that investors are also pricing in some chance of a September move

Fast-swelling lakes trigger fresh flood warnings in Nepal and China

At least 469 people have been confirmed dead, a toll that's expected to rise in the coming days after fast-moving waters swept through villages, wiping out bridges, roads and entire settlements

Meta's campaign on teen safeguards puts TikTok, YouTube, Snap on back foot

In a public callout to TikTok and YouTube that included a plan to publish open letters in newspapers, Meta said it's seeking to set a 'new industry standard'

US Federal Trade Commission probes YouTube over social media policies

The antitrust and consumer protection agency has been probing YouTube since last year and is in the final stages of preparing a potential lawsuit

Venezuela weighs exit from Opec as US discusses stake in oil fields

Venezuela was one of the five oil producers that founded Opec in 1960 and is widely considered the most influential country in the group's creation

Trump admin in talks with Venezuela to take major stake in oil fields

The Venezuela talks follow the January seizure of strongman Nicolás Maduro by US forces and the installation of more amenable leadership in Caracas

Donald Trump renames Lake Ontario as Lake America, stoking Canada spat

Lake Ontario is one of the Great Lakes and straddles the US-Canada border between the state of New York and the province of Ontario

Tata Power loses challenge to $490 mn arbitration award in Russia coal case

Singapore court upholds a $490 million arbitration award against Tata Power over a failed joint bid for a Russian coal asset and rejects the company's natural justice challenge

The $13 billion Hugging Face deal would crown Nvidia king of AI

The deal would create a strange paradox. Nvidia wants open models to thrive, but for a more self-interested reason: to stop OpenAI and other large AI companies from threatening its chip business.