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UBS Group takes lead in $50 billion bond market left by Credit Suisse

The biggest winner in this market from the March demise of Credit Suisse - the leading arranger of Swiss franc bonds for most of the last 20 years

Vedanta Ltd preparing to demerge sprawling operation, says report

Vedanta Ltd.'s parent, Vedanta Resources, will remain the holding company, the people said. Deliberations are ongoing and no final decisions on the structure or timing of the de-merger have been made

Credit card spending surges to record high in India in sign of stress

Record-low rates offered to meet pent-up demand has seen banks' retail loan portfolio double between 2019 and now, raising concerns among policymakers

Apple's iPhone 15 pro, pro max users complain that device can get too hot

Apple also has a rigorous testing process in place that's meant to catch any pitfalls before the iPhone goes into mass production

Apple used Bing offer as 'bargaining chip' with Google: Microsoft

Parakhin, who joined Microsoft in 2019 from Russian search engine Yandex NV, said Microsoft met with Apple as recently as 2021 to discuss a potential switch to Bing, but didn't make any progress

Amazon punishes seller for 5 cent price cut on competitor's site: FTC Case

Amazon has vowed to challenge the FTC lawsuit in court, adding that it "radically" departs from the agency's mission of protecting consumers

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