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China's underground market for semiconductors draws desperate automakers

Opportunists the world over have seized on the chips shortfall, jacking up the price companies pay for the crucial circuital components

Uday Kotak, Asia's richest banker, weighs $1-bn real estate fund: Report

Kotak Investment plans to complete the fundraising by the end of this year and to embark on its investment in 2023, focusing on residential property in India's top five cities

Zoom to Moderna: The extraordinary rise and fall of Covid billionaires

Their rise and subsequent slump were sharper than the other 131 members of the Bloomberg Billionaires Index whose net worth more than doubled, but wasn't as reliant on how Covid altered lives

Apple launches its redesigned iPads and lower-cost set-top TV box

Apple typically generates roughly 10% of its revenue from the iPad, which was a popular item during the early days of the pandemic but also suffered from supply shortages

India's festival gold sales to shine less brightly this year, says WGC

Demand for gold jewelry, coins and bars typically peaks in the world's second-biggest consumer over October to December, driven by festivals including Diwali

RBI's currency intervention ends up hurting rupee carry trade: Analysts

The Reserve Bank of India's currency intervention is making the rupee less attractive for carry traders, analysts said.

Why women in leadership roles are quitting at faster rate than ever

For every woman at the director level who gets promoted, two female directors are choosing to leave their company, according to a new McKinsey & Co. and LeanIn.org report

Putin's war escalation in Ukraine is hastening demographic crash for Russia

Plans by Putin's government had set the goal of starting to reverse the decline in the population in 2022 before growth should resume in 2030

India's policy hawk sees end of aggressive hikes amid growth fears

India's most hawkish rate-setter said the policy rate was reaching a level that allows past aggressive action to cool inflation without inflicting too much pain on the economy

British consumers rein in luxury spending as energy bills rise by 48%

British consumers are reining in unnecessary purchases after a leap in energy prices ate into their discretionary spending, forcing people to cut back on new clothes, evenings out and lunches out

Growth in renewables saved $11 bn for EU in gas imports since Ukraine war

Clean power covered 24% of the EU's energy needs between March and September this year, the highest ever for this six-month period, according to a study by think tanks E3G and Ember

Mark Mobius warns Fed interest rates will hit 9% if inflation persists

If inflation is 8%, the playbook says you've got to raise rates higher than inflation, which means 9%, says the co-founder of Mobius Capital Partners

Professional investors seek new ESG rules for fund management industry

Professional investors think the asset managers looking after their ESG allocations need more regulations to rein them in.

In first election since 2018, will Malaysia's young voters use their power?

The dramatic ousting of the UMNO-led coalition, Barisan Nasional, four years ago was supposed to draw the line under identity politics and end the Malay nationalist par

Boeing offers 737 Max jets to Air India amid US-China trade tensions

Boeing Co. is offering 737 Max jets once slated for Chinese customers to Air India Ltd. as the planemaker tries to offload some of the roughly 140 aircraft it's currently not allowed to deliver

Bangladesh disallows Bollywood actor's dance in bid to save dollars

Nora Fatehi, known for her work in the Indian film industry, wasn't granted permission "in view of the global situation and with the aim of maintaining the foreign exchange reserves

Phone maker Lava eyes electronics manufacturing venture with China's Huaqin

The pact would give the closely held companies heft as they seek to take on rivals such as Foxconn Technology Group

Chinese govt delays GDP data release due Tuesday, no reason given

The National Bureau of Statistics updated its release schedule on Monday, with the dates for major economic indicators due this week marked as delayed

Credit Suisse to pay $495 mn to settle case linked to 2008 financial crisis

The Swiss bank said in a statement on Monday that it's "fully provisioned" for the payment, which will resolve claims tied to more than $10 billion in such securities

Soaring dollar leaves food piled up in ports as world hunger grows

Dwindling foreign-currency reserves in many cases has reduced access to dollars, and banks are slow in releasing payments