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JP Morgan says Frank's Javice moved millions to a shell company: Report

JPMorgan claimed in its December suit that Javice and another Frank executive faked data greatly inflating Frank's customer count to mislead the bank into buying her company for $175 million in 2021

Condemned for 'Putinflation' abroad, Russia sees prices cool: Report

On an annual basis, Russian inflation reached 3.5 per cent in March from almost 11 per cent in the previous month

LVMH breaks into world's top 10 as market value nears $500 billion

A first-quarter sales beat sparked a 5% increase in the share price Thursday, giving the luxury powerhouse a 29% rally for the year

Xi Jinping pivot fails to stop exodus by leading investors in China tech

SoftBank Group is preparing to hasten its exit from Alibaba Group Holding Ltd. - the e-commerce leader that made Masayoshi Son's name

Softbank moves to slash Alibaba stake fueling a $13 billion slump

The contracts give SoftBank the option to buy the shares back, but the group has settled previous deals by handing over the stock

JPMorgan has made deep cuts to metals' business after nickel crisis

While the review is ongoing, JPMorgan has already scaled back its base metals business substantially, according to people familiar with the matter

US unemployment claims increase to 239,000, led by jump in California

Initial unemployment claims rose by 11,000 to 239,000 in the week ended April 8, Labor Department data showed Thursday

International Monetary Fund can help developing nations by helping planet

Tackling the issue requires a long-term vision for sovereign financing to achieve greater stability and resilience in developing economies

Amazon CEO Jassy pledges to keep investing in big bets amid cost cuts

The missive coincides with a period of rolling layoffs at the Seattle-based company, as executives seek to cut costs and wind down marginal or unprofitable projects

Battery vs hydrogen trucks: Race to clean up emissions is just starting

While hydrogen trucks offer long driving range and quick refueling, only a few very expensive models are on the market. Battery-electric rigs are relatively cheaper and more widely available

HSBC's London office shortlist includes former Goldman Sachs headquarters

The shortlist has not yet been finalized and HSBC may also choose to stay at its existing HQ and carry out a refurbishment while remaining in occupation, sources said

HSBC planning to add 30 private bankers in fresh India wealth push

HSBC's plans reflect an increasing competition to manage the growing wealth in India among both global and local firms, which has enticed the London-based bank

NTPC mulls fresh offers for stake in green unit after top bidder pulls out

The fiscal year ended in March was expected to be a significant milestone for NTPC Green, the face of transition for the country's biggest coal consumer

Soaring milk prices may become a hurdle in Modi govt's inflation fight

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

Apple triples India iPhone output to $7 bn in FY23 in China shift

Apple will likely try to manufacture the next iPhones in India at the same time as in China, sometime in the fall of 2023

Singapore sees new Covid wave as mask mandates dropped, cases mostly mild

"Singapore continues to expect new Covid infection waves from time to time, similar to other endemic respiratory diseases such as influenza"

Crude oil at sea surges in fresh sign of Russian flows going farther

The increase reflects the recasting of the global oil market following Russia's invasion of Ukraine

Singapore sees new Covid wave as mask mandates dropped, cases mostly mild

"Singapore continues to expect new Covid infection waves from time to time, similar to other endemic respiratory diseases such as influenza"

Russia's flagship oil moves closer to $60/barrel cap threshold

The Group of Seven nations last year imposed a cap of $60 a barrel on crude shipped from Russia to limit the Kremlin's profits amid the war in Ukraine

Macquarie mulls sale of 9 road projects in India for $1.5 billion

The firm is in preliminary discussions with advisers about the potential deal, the people said, asked not to be identified discussing a private matter