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SEC's WhatsApp probe expands as Moody's, S&P, Fitch hit with $48 mn fine

The Securities and Exchange Commission said Tuesday that Moody's and S&P will each pay $20 million to settle the cases, while Fitch will pay $8 million

Global borrowing blitz led by blue chips selling $43 bn in bonds, loans

Bond yields on global investment-grade corporate debt averaged 4.52 per cent as of Tuesday's close, near their lowest level in about two years

Byju's lenders kicked off creditor panel by court official Srivastava

Lenders have been trying to force Byju's into an insolvency proceeding in a court in India for months, but with limited success

Illumina wins court battle with EU over $7 billion Grail takeover

Under the controversial system, the Brussels-based commission encouraged national regulators to ask it to probe deals that would normally fall below the threshold for EU investigations

WazirX hacker behind $234 mn crypto theft in India starts washing funds

Blockchain intelligence firm Arkham Intelligence highlighted the flows, which underline the difficulty of recovering the digital assets

WazirX hacker behind $234 mn crypto theft in India starts washing funds

Blockchain intelligence firm Arkham Intelligence highlighted the flows, which underline the difficulty of recovering the digital assets

India needs faster growth for a decade to meet goals: RBI Dy Guv Patra

It's possible for India's per capita income to climb to levels required to be considered a high income or developed country, Patra said

NaBFID planning to disburse $17 bn in loans to finance projects: Official

The 20-month old financial institution, which has been created to focus on infrastructure funding, has assessed 200 projects and is planning to sanction $26.5 billion in loans over two years

Vladimir Putin spending big to shape Russia's youth in his own image

The classes "will put a lot of things on a systematic basis" in schools, Putin said Monday during a televised discussion with a group of children in Kyzyl in Russia's Tuva region

Elon Musk to celebrate PM Meloni as Italy eyes space sector investment

Musk and Meloni have met on a number of occasions, including at a political festival last December thrown by the prime minister's right-wing Brothers of Italy party

Daikin, world's no 1 air-conditioner maker, to expand capacity in India

With its rising middle class, India is one of the world's fastest-growing markets for air conditioners, set to surpass the US to become the second-largest behind China by 2036, according to IEA

7-Eleven's retail empire includes banking, US' now bankrupt Tower Records

The Japanese retailer originated as a clothing store a century ago and evolved into a general merchandiser, selling everything from groceries and sundries, to clothing and home goods

Xi Jinping wants bigger returns, fewer headaches from African debt deals

From Angola to Djibouti, for over a decade, China poured more than $120 billion of government-backed loans through its Belt and Road Initiative to build hydropower plants

Mpox surge in Sydney offers cautionary tale as world braces for new strain

In a dramatic turn, the country saw 179 cases in August alone, more than in the two previous years combined. Nearly 400 have been reported so far in 2024

Lenders' deposit shortage could put speed limit on credit-fueled investment

The govt is making the deposit crunch worse by taxing savers aggressively, but keeping the proceeds away from the financial system. Bankers are compounding the problem by not paying enough to savers

Donald Trump wrong in saying island took US chip industry: Taiwan

Trump rattled Taiwan officials and the island's markets with comments published July 16 that criticized the island over its chip sector and pushed Taiwan to pay the US for protection

Blackstone close to $13.5 billion deal to acquire Australia's AirTrunk

A deal hasn't been finalized and terms could change as talks continue, the people said. Representatives for Blackstone, Macquarie and PSP declined to comment

China warns Japan of economic retaliation for possible new chip curbs

One fear in Tokyo is that Beijing could react to new semiconductor controls by cutting Japan's access to critical minerals that are essential for automotive production

Murdoch's REA considering bid for UK housing property portal Rightmove

Shares of REA dropped 5.3 per cent in Sydney, the most since December 2022, on Monday amid concerns that it may have to issue stock to fund a deal

Israelis go on day-long protests nationwide as anger over hostages builds

The strike was called by the Histadrut labor federation, though a court order ruled Monday that it should end at 2.30 p.m.