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European Union strikes landmark deal to fight greenwashing in bond market

Companies that use the standard will have to prove that the proceeds from their green bonds are in line with the bloc's list of environmentally friendly activities, known as the taxonomy

YouTube to add AI-powered tools for video creators, says CEO Neal Mohan

He explained that YouTube creators will soon be able to virtually swap outfits in videos or create "fantastical film settings" through AI's generative capabilities in the coming months

The cashless economy: Sweden's switch to digital tells a cautionary tale

Sweden's an extreme case: It's a small, tech-savvy economy. But the direction of travel is the same everywhere, accelerated by a pandemic that saw QR codes replace restaurant menus

$15 bn buyout of Toshiba Corp leaves global companies on sidelines

The Japanese bidding consortium also wants to avoid triggering Chinese antitrust scrutiny by bringing in foreign investors

Elon Musk rides on Tesla to become world's richest person, again

Net worth was at $187.1 billion as of market close on Monday, just topping the $185.3-billion fortune of Arnault

NHPC's Rs 32k-cr hydel project near China border gets Centre's approval

The approved investment includes Rs 6,720 crore of government support for flood moderation and enabling infrastructure, such as roads and bridges connecting the construction site

Credit Suisse Group AG 'seriously breached' rules in Greensill case

The Swiss bank was ordered to take remedial measures by Finma, which include a periodic executive board level-review of the most important business relationships for counterparty risks

No refinancing, capital plans at HK roadshow, says Adani Group CFO

When asked "Are you looking to refinance any debt?" on the sidelines of the Hong Kong roadshow Tuesday, Singh said: "No, we don't have anything major at all"

Core inflation must ease towards 4%, says RBI MPC's Shashanka Bhide

"High core inflation also points to the cost-price nexus in the economy more sharply," Bhide said, adding that stabilizing core prices was necessary for manufacturing firms to expand their capacities

JPMorgan Chase & Co investment arm purges its ESG funds of Adani stocks

BlackRock, DWS among firms still in Adani via MSCI ESG indexes

Adani-Hindenburg saga: A world tour seeks to win back debt investors' faith

A dozen global banks will help host the investor meetings at Singapore's Capitol Kempinski hotel. The conglomerate will then hold meetings in Hong Kong at Barclays Plc office on Tuesday and Wednesday

Gautam Adani isn't the only Indian tycoon in trouble. Look at Vedanta

With Adani scandal putting Modi govt under heightened scrutiny about entanglement of public purpose with private profit, Vedanta's top priority should be to stay out of the headlines

Russia-Ukraine war, debt impasse cloud G20 finance chiefs' final-day talks

Georgieva separately urged central banks to "stay the course" for a return to price stability that's critical to investors and consumers alike

Jack Ma-backed Ant Group plans to pare stake in Vijay Shekhar's Paytm

The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks

Rising heat across parts of India raises alarm on another energy crunch

Peak demand for electricity touched 211 gigawatts in January, close to an all-time high last summer when heavy industry roared back from pandemic curbs

Blackstone CEO Steve Schwarzman takes home a record $1.27 bn in 2022

Schwarzman, who owns some 20% of Blackstone shares, reaped roughly $1 billion in dividends alone. He also earned $253.1 million in compensation, most of it through incentive fees

Olaf Scholz heads to India to deepen ties on green energy, defence

Scholz also plans to discuss Russia's war on Ukraine with Prime Minister Narendra Modi at a time when Europe and its allies are struggling to maintain economic pressure on the Kremlin

G7 sanctions to target key industries helping Russia's war: White House

This would be the largest layoff in the industry. Analysts predict that North America would likely be worst affected

China set to overhaul financial system giving Xi Jinping more control

Authorities are considering reviving the long-disbanded Central Financial Work Commission to allow the ruling Communist Party to assert more control over financial policy, according to sources

Telecom tycoon Sunil Mittal seeking a stake in Paytm, says report

Indian telecommunications tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant's payments bank