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Evergrande pushes debt restructuring after posting $81 bn loss over 2 yrs

The defaulted real estate giant asked to convene meetings for offshore creditors to approve its credit overhaul plan, after reporting long-delayed financial statements for 2021 and 2022

More money coming to New American Cricket League, says Anurag Jain

The league kicked off its inaugural season last Thursday with the Texas Super Kings beating the Los Angeles Knight Riders in Dallas

Tesla board to return $735 mn in stock awards to end suit over pay packages

The Tesla directors denied wrongdoing as part of the accord, but said they agreed to settle the case to eliminate the uncertainty, risk, burden, and expense of further litigation

US' plan to narrow limits on China tech investments likely by 2024

Officials are aiming to wrap up a proposal by the end of August for the long-delayed program to screen and possibly prohibit investment in China's semiconductor

Tokyo's heat smashes 150-year trend as extreme weather bakes globe

The hottest place in country was Kiryu, a city about two hours north of Tokyo, where the maximum temperature hit 39.7C over the weekend. Japan's all-time record is 41.1C

Here's how China beat everyone to be world leader in electric vehicles

Beijing's success is breathtaking. EVs accounted for a quarter of all passenger cars sold in China last year, far ahead of the roughly one in seven in the US and one in eight in Europe

Disney entering Mukesh Ambani's India orbit is a worry for advertisers

Indian advertisers, however, might not be as lucky as Iger, whose contract just got extended by another two years. They may be staring at an erosion of competition

Adani's go-to bankers at Barclays turn cautious after Hindenburg report

Executives at the highest levels are scrutinising ties with Adani, turning more cautious about adding new business pending a regulatory probe that's supposed to end next month

Chinese province saw cremations surge 73% as Covid hit, says report

Most people who die in China are cremated, with burials banned in some areas

India may prefer Middle East crude as Russian oil becomes costly: Report

India and China have been the two dominant buyers of Russian crude since the invasion of Ukraine more than a year ago after the war prompted other countries to shun the OPEC+ producer

Ford slashes prices on electric version of F-150 truck by up to 17%

The cuts reverse price hikes Ford implemented over the last year that had raised the starting sticker price on its debut battery-powered truck by 50%.

Microsoft, CMA ask UK court for pause to consider activision tweaks

Microsoft Corp. kicked off its hotly-anticipated court hearing with the UK antitrust agency Monday as it moves closer to sealing the $69 billion Activision Blizzard Inc. deal

UBS Group AG is 'sole successor' to Credit Suisse's CDS, panel rules

Credit-default swaps tied to the debt of the two banks have been converging in recent months as investors bet on this outcome

Vedanta inches closer to regain control over Zambia copper assets

The Zambian government placed Konkola Copper Mines Plc, 79.4% owned by Vedanta, into provisional liquidation in 2019, and has since been locked in legal battles with the company over the asset

UK economy may fall further behind euro area next year, forecast suggests

Gross domestic product is expected to grow by 0.6% in 2024, well below the 1% gain anticipated in the euro area, a monthly survey of economists by Bloomberg showed

Microsoft to keep 'Call of Duty' on Sony PlayStation in a 10-year deal

The deal is for 10 years, a Microsoft spokesperson said. Microsoft inked a 10-year deal last year with Nintendo Co. Ltd. for the availablility of Call of Duty

India and Indonesia plan local currency trade, fast payments links

The proposed agreements with Indonesia comes as India inked similar pacts with the United Arab Emirates over the weekend, which will see more trades done in rupees and dirhams

Hydropower in Himalayan states restart as floods recede but more rain looms

Plants managed by NHPC Ltd., JSW Energy Ltd., SJVN Ltd. and Jaiprakash Power Ventures Ltd. are operating again after being clogged by silt from the floods, according to the regional grid operator

China intensifies joint military exercises with Russia amid US sanctions

China and the armed forces of Vladimir Putin conducted six joint military exercises together last year, the most in data going back two decades

Ola Electric founder Bhavish advances plan for IPO as e-scooters take off

The company, whose backers include SoftBank Group Corp. and Tiger Global Management, has become leader in India's electric-scooter market with a 38% share