Bloomberg
Bloomberg
Page 405 - Bloomberg/workspace/business Standard Web/video
Emerging US debt deal would raise limit, cap spending for two years
Under the terms of the emerging agreement, defense spending would be permitted to rise 3% next year in line with President Joe Biden's budget request
 "Emerging US debt deal would raise limit, cap spending for two years")
Workers stuck in vicious cycle of coal, heat to keep power grid standing
To cope with increasingly brutal temperatures, India has to keep its power grid standing- and for now that means digging up ever expanding quantities of the dirtiest fossil fuel
 "Workers stuck in vicious cycle of coal, heat to keep power grid standing")
Withdrawal of Rs 2000 notes: India once again makes money a plaything
Sovereign cash should have no room for questions
 "Withdrawal of Rs 2000 notes: India once again makes money a plaything")
Nvidia Corp's blowout forecast sparks almost $260 billion AI rally
The Santa Clara, company gained as much as 29 per cent in extended US trading, on course for a record high, after saying it expects about $11 billion of sales in the three months ending July
 "Nvidia Corp's blowout forecast sparks almost $260 billion AI rally")
Germany enters recession as energy prices soared after Ukraine war
First-quarter output shrank 0.3% from the previous three months following a 0.5% drop between October and December, statistics office. Its initial estimate, last month, was for stagnation
 "Germany enters recession as energy prices soared after Ukraine war")
Solar power investment set to surpass oil production spending this year
The growth in clean energy spending is driven by technologies including solar panels and electric vehicles that are key to cutting dependence on the use of oil, coal and natural gas
 "Solar power investment set to surpass oil production spending this year")
India poised for world-beating growth, says CEA V Anantha Nageswaran
Data next week is likely to show the economy expanded 7% in the year that ended March
 "India poised for world-beating growth, says CEA V Anantha Nageswaran")
US AAA credit rating may be downgraded by Fitch on debt-limit impasse
Economists project a US default could trigger a recession, with widespread job losses and a surge in borrowing costs
 "US AAA credit rating may be downgraded by Fitch on debt-limit impasse")
Increased Russian crude flows to Asia are redrawing the world's oil map
Exports from traditional suppliers are being squeezed. Flows to the pair from West Africa and the US have collapsed by more than 40% and 35%, respectively.
 "Increased Russian crude flows to Asia are redrawing the world's oil map")
RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI
India's central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that's expected to tighten later in the year, according to a top banker.
 "RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI")
China worries spur $56-billion luxury rout; Arnault loses $11 billion
On Tuesday, he gave back some of those gains. LVMH shares fell 5% in Paris - the most in more than a year - amid a broader decline that erased about $30 billion from the European luxury sector
 "China worries spur $56-billion luxury rout; Arnault loses $11 billion")
Billionaire Infosys founder Murthy to double private firm's investments
Catamaran Ventures, based in Bangalore, employs about 15 staff in India overseeing holdings spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp
 "Billionaire Infosys founder Murthy to double private firm's investments")
Centre plans sweeping overhaul of digital law as Indian market swells
The changes will impact how Alphabet Inc.'s Google to Meta Platforms Inc. to Amazon.com Inc. do business in a market the government estimates will expand to 1.3 billion internet users by 2025
 "Centre plans sweeping overhaul of digital law as Indian market swells")
Law-firm Dentons grows in India as Baker McKenzie, others weigh new rules
Confusion persists on the reciprocity framework, the restriction to advise only "foreign" clients in India, and the bar on "fly-in, fly-out" if the law firm has a local office, among other issues
 "Law-firm Dentons grows in India as Baker McKenzie, others weigh new rules")
Anil Agarwal's Vedanta raises about $850 million via JPMorgan, Oaktree loan
Investors have been closely watching Vedanta's debt load as rising interest rates worldwide intensify pressure on low-rated borrowers
 "Anil Agarwal's Vedanta raises about $850 million via JPMorgan, Oaktree loan")
Covid kills one person every four minutes as vaccination rates fall
Covid is still a leading killer, the third-biggest in the US last year behind heart disease and cancer
 "Covid kills one person every four minutes as vaccination rates fall")
India's airlines: Both Go First and bankruptcy laws need a rescue
Insolvent airline Go First will be a test of whether the country is ready to rebalance creditors' rights and shareholders' privileges
 "India's airlines: Both Go First and bankruptcy laws need a rescue")
One in three people will live in dangerously hot areas by 2080: Report
If emissions are reduced enough to limit global warming, it will bring down the number of people affected to 90 mn in India
 "One in three people will live in dangerously hot areas by 2080: Report")
Papers left on car roof may keep world's biggest nuclear plant shut
Safety lapses and strict regulatory process have stopped Japan from restarting most of its nuclear reactors shut in the wake of 2011 Fukushima disaster
 "Papers left on car roof may keep world's biggest nuclear plant shut")
US default scenarios span from localised pain to Jamie Dimon's 'panic'
Broader disruption in financial markets would quickly put focus on the Fed, which during the 2011 debt-limit showdown compiled a backstop menu of options to avert systemic collapse
 "US default scenarios span from localised pain to Jamie Dimon's 'panic'")