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China puts Evergrande's billionaire founder Hui Ka Yan under police control

Hui was taken away by Chinese police earlier this month and is being monitored at a designated location, the people said, asking not to be identified because the matter is private

Adani Ports offers to buy back $195 mn of its 2024 dollar bond at discount

The company, part of the conglomerate backed by billionaire Gautam Adani, said it would fund the purchase from its cash reserves, according to a statement on Wednesday

Missouri's CVS pharmacists plan more walkouts over working conditions

After the walkouts began Thursday, the chain dispatched Chief Pharmacy Officer Prem Shah to meet Tuesday with the pharmacists

UBS, Credit Suisse see growing probe over alleged Russian sanctions evasion

The probe is still at an early stage and may not result in charges or a settlement, the people said

Humans of New York founder criticises Indian spinoff over copyright row

In a row that's gone viral on social media, Humans of New York founder Brandon Stanton criticized Humans of Bombay for "sueing people for what I've forgiven you for"

Renault, Nissan unwind key alliance structure to pursue other partnerships

Renault earlier this year agreed to lower its stake in Nissan to help smooth over frictions that emerged after the 2018 toppling of former alliance chief Carlos Ghosn

Clash between India and Canada threatens to hurt trade, investment

A proposed early-stage trade deal is in jeopardy, potentially hurting India's efforts to woo the West and serve as a supply-chain alternative to China

India spat spills over into boardroom of Canadian potash firm Karnalyte

Karnalyte Resources Inc. abruptly canceled plans to meet with its Indian board members as the governments of Canada and India traded barbs over the killing of a Sikh leader on Canadian soil

China's growth target hangs in balance while economists cut forecasts

"The real estate sector will continue to be under mounting pressure" despite recent government efforts to support property, said analysts at Poseidon Partner

Taliban controls the world's best performing currency this quarter

It has made online trading illegal and threatened those who violate the rules with imprisonment

JP Morgan Chief Dimon warns 7% US Fed rate still possible: Report

"We urge our clients to be prepared for that kind of stress," the JPMorgan Chase & Co. CEO said in an interview with the Times of India, saying a hard landing remains a risk for the US economy

Tesla's China exports in crosshairs of EU anti-subsidy probe: Report

The probe that European Commission President Ursula von der Leyen made public on Sept. 13 has the potential to reshape the competitive dynamics within the world's second-largest EV market, after China

US FTC sues Amazon in landmark antitrust lawsuit over marketplace

In complaint filed in federal court in Seattle Tuesday, the FTC and 17 states accused Amazon of engaging in a course of conduct to exclude rivals in online marketplace services and stifle competition

CVC mulls controlling stake sale in Indian hospital chain HealthCare Global

The private equity firm is looking to identify buyers for its 60.4% in the Mumbai-listed company, said the people, who asked not to be identified as the information is private

Net Zero by 2050 still possible with rapid renewables expansion: IEA

The report comes amid concerns of backsliding on climate and environmental commitments in Europe after the UK deferred its own ban on combustion engine cars by five years to 2035

High rice prices, fueled by export ban, bring risk of social unrest: UN

The export ban is bringing back memories of 2008, when a global rice crisis put 100 million people at risk, many in sub-Saharan Africa

Climate change: How Starbucks may be creating a new waste problem

All reusable cups have a "breakeven point"; If you drink from a ceramic mug 20 times before breaking it or sticking it in the attic, you're almost certainly better off using 20 paper cups instead

India's inclusion in the bond index will increase investor vigilance

For the fast-growing economy that typically runs a current-account deficit, the decision opens the door to as much as 10% of the $236 billion of assets at funds

Merck's Covid medicine linked to virus mutation patterns, says study

Findings adds weight to earlier work by the same team of researchers that suggested that drug-induced mutations of Covid were spreading in some populations, although not in great numbers

Goldman Sachs splits with regulators on risk that basis trade poses

The cash-futures basis trade by some measures is as big as it was in 2019 and early 2020, when the onset of the pandemic sparked a rush for the exits that required a bailout by the Fed