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China Evergrande Group files for bankruptcy in New York amid debt crisis

The move protects it from creditors in the US while it works on a restructuring deal elsewhere

Private debt market in India set to grow more, says Standard Chartered

A growing list of global asset managers are setting up credit funds in India as they look to fill the funding gap, which was created after a shadow banking crisis spooked India's financial sector

India needs major reforms in food supply management: RBI researchers

These reforms will lead to efficiency and productivity gains and enable "stable prices for consumers, assured supplies and remunerative proceeds for farmers," it said

Chinese banks challenged as economy wobbles, property market woes mount

Exposure to local government financing vehicles and a deflationary economy is compounding the pressure, Bloomberg Intelligence analyst Francis Chan said

UBS Group seeks to hire several private bankers to serve India's rich

UBS, which exited the private-wealth market in India almost a decade ago, is among global firms from HSBC Holdings Plc to Julius Baer Group Ltd. taking increased bets there

Apple advances chip secrets' suit against former employees poached by Rivos

The judge threw out Apple's trade secret claims against Rivos, but gave the iPhone maker a chance to file a revised complaint

Moderna's Covid-19 vaccine protects against new variants, finds early study

Covid vaccine partners Pfizer Inc. and BioNTech SE are also developing updated shots, as is Novavax Inc. The drugmakers have been testing and making new updates as the virus has evolved

India's new criminal law: Are leaders putting symbolism above good sense?

The government has a weakness for unleashing giant new changes on an unsuspecting country without any real consideration for how they will be implemented

Adani Group takes bond brokers on Guj trip as it gears up to raise $1.8 bn

The Adani Group flew bankers to Mundra port in Gujarat to showcase infrastructure of India's largest private port and elaborate on the conglomerate's strong financial conditions and expansion plans

Modi govt seeks to free up $12 billion to tackle inflation before LS vote

It would be the second straight year of similar adjustments to contain costs for consumers after the government unveiled a $26-billion plan last year

Mid-cap stocks pique interest of FPIs after 5 years: Goldman Sachs

Overseas investor holding increased by 175 bps to 16% of their m-cap this year

Poor man's cocaine: $3 narcotic pill sold in Gulf a worry for the world

Already popular in parts of the Middle East with everyone from teenagers to low-income construction workers, the narcotic is easy to make

Escalate yuan intervention: Chinese authorities to state-owned banks

China will resolutely prevent excessive adjustment in the yuan, the People's Bank of China said in its monetary policy report

Will shut central bank, dollarise economy, says Argentina's Milei

In the first interview to foreign media after his unexpected win, Milei detailed his plan to scrap the Argentine peso for the US dollar as a way to bring down inflation that's running at 113 per cent

Apple should end deal drought by buying ESPN from Walt Disney, says analyst

An acquisition or strategic partnership with the sports channel would be "a no brainer," wrote analyst Dan Ives. He said that buying ESPN would probably cost more than $50 billion

US jobless claims decline by 11,000 in sign of resilient labor market

Initial claims decreased by 11,000 to 239,000 in the week ended Aug. 12, according to Labor Department data out Thursday

JPMorgan Index may include India's sovereign bonds in 2024, says Pictet

India has in recent years come close to opening its $1 trillion government debt market to more global funds before pulling back from meeting the requirements for index inclusions

Tesla didn't fix autopilot after fatal 2016 Florida crash, engineers say

Tesla also is in the cross-hairs of multiple investigations by the National Highway Traffic Safety Administration over possible defects in Autopilot linked to at least 17 deaths since June 2021

Nike, Adidas bet big on women's World Cup football shirts, merchandise

Merchandise companies often flood market with easily stockpiled items that only require a little final printing work or other touches, such as novelty championship hats, T-shirts, other collectibles

Govt likely to slash duty on UK cars, scotch whisky under trade pact

Striking a trade accord is critical for India's ambition to become a manufacturing powerhouse, while the UK is seeking to clinch new deals to highlight the benefits of Brexit