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China's private builders face $553 billion deficit to complete homes

Credit support from banks "appears well below the amount needed for securing home completions," analysts led by Lisheng Wang wrote in a report released Sunday

Microsoft, beset by cyberattacks, grapples with issue years in making

In recent years, Microsoft Corp. has been hit with a series of embarrassing hacks that have exposed corporate and government customers

China industrial overcapacity has peaked as global demand picks up: EIU

Overcapacity pressure is milder in electrical machinery including batteries and solar panels, the automotive sector and pharmaceuticals, the EIU said

Meta wants to bring VR headset into classrooms for students as young as 13

Meta's foray into education is the latest prong of the company's massive, expensive pivot to virtual and augmented reality

Bitcoin's share of crypto market highest since 2021 partly due to ETFs

Bitcoin and second-ranked Ether jumped on Monday, boosted by indications that asset managers will soon launch Hong Kong-listed ETFs for both tokens

EC seizes record $557 million in illicit cash, goods before LS elections

The commission has vowed to crack down on black money used to bribe voters in the world's biggest election, which kicks off on Friday

Vedanta Group mandates JPMorgan to arrange $300 million India bond

A Vedanta spokesperson said the group continues to exercise refinancing and capital-raising activities from diverse sources as it seeks to improve its debt and cash profile

Apple's iPhone shipments plunge 10% in Q1 as Android rivals rebound

Average selling prices for handsets are rising, as consumers increasingly opt for premium models that they intend to hold on to for longer, IDC's researchers found

Five things China's economists are watching to track sustainable recovery

Power production has been rebounding since China reopened from Covid-related restrictions more than a year ago

Zomato's improved profits, 260% stock surge leaves analysts scrambling

The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise

Nepalese billionaire who sold 'Wai Wai' aims to list India unit by 2026

Chaudhary Group launched the Wai Wai noodle four decades ago in Nepal's capital Kathmandu, and has since grown to become India's third largest brand

Asia's market reset: 'Expensive' India lures investors avoiding China risks

The powerful rallies in Indian and Japanese equities as China's market has slumped have reset Asia's financial-market landscape

Global interest rates chokehold on world economy set to loosen slowly

Geopolitical tension, with conflict between Israel and Iran threatening conflagration in the Middle East, is an additional risk variable

BJP's Lok Sabha poll campaign gets a big boost from western praise

More to the point, last year's G-20 summit in New Delhi seemed to showcase a parade of world leaders lining up to praise India

World on edge as Iran launches attacks on Israel; latter intercepts in time

Iran promised an attack against Israel after its embassy compound in Syria was hit by missiles on April 1, killing seven Iranian officers

Carlyle picks JPMorgan, Kotak to help arrange Hexaware IPO: Report

The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private.

Markets weighs risk of retaliation-cycle after Iran's air strike on Israel

With investors already rattled by sticky inflation and the prospect of higher-for-longer interest rates, the escalation of the Middle East crisis is set to inject fresh volatility when trading resumes

Hamas rejected latest ceasefire proposal from mediators says Israel

Hamas, a militant group supported by Iran, turned down the outline presented by mediators, according to Mossad, the Israeli external-intelligence agency

Bitcoin 'halving' will deal a $10 billion revenue blow to crypto miners

"This is the final push for miners to squeeze out as much revenue as they can before their production takes a big hit," said Matthew Kimmell, a digital asset analyst at CoinShares

Donald Trump's NY criminal trial to mark milestone in American politics

The New York trial starting Monday over the alleged falsification of business records to conceal a sex scandal during Trump's 2016 campaign is one of four criminal cases against the former president