Page 495 - Bloomberg/workspace/business Standard Web/video

India's balancing act on Russia-Ukraine conflict is getting trickier

India, as a member of the UNSC, abstained on a vote condemning Moscow's "annexation" of Ukrainian territory. To add insult to injury, Modi told Zelenskyy there was "no military solution" to it.

Federal Reserve officials won't relent on path to 4.5% and may move higher

On course for 75-bp increase next month; rate headed to 4.5-4.75% by next yr

The gold market's great global migration sends bullion rushing East

Logistical issues, rising rates make gold less attractive as an investment in the West. As a result, gold and silver are selling at unusually high premiums in Asia

Nord Stream explosions show the deep sea is now a zone of conflict

The series of pipeline explosions have yet to be definitively proved as sabotage or attributed to any nation, but most analysts believe that the likely culprit is Russia.

Amid energy crisis, desperate Europeans return to firewood for warmth

Not far from Berlin's Nazi-era Tempelhof airport, Peter Engelke is putting up a new security gate at his warehouse because of concerns about desperate people pilfering his stock

China's services activity drops as Covid-19 lockdowns curb spending

The data is further evidence of the toll China's Covid Zero strategy is taking on consumer spending and the economy.

UK needs to cut 200,000 govt jobs over next few years to avoid debt spiral

Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in 2021.

Morgan Stanley-led banks face $500 million loss on Twitter debt to Musk

When banks led by Morgan Stanley agreed in April to help finance Elon Musk's purchase of Twitter Inc., they were eager to aid an important client, the richest person in the world

American Tower Corp weighs offer for stake in Vodafone Towers unit

American Tower Corp. is weighing entering the race for a stake in Vodafone Group Plc's €13 billion ($12.6 billion) wireless towers unit, people familiar with the matter said.

YES Bank now on a hunt to buy stressed assets from other lenders

YES Bank agreed to sell Rs 48,000 crore ($5.9 billion) of a bad loan portfolio last month to JC Flowers' ARC, a move Prashant Kumar said will help boost its profitability

Mukesh Ambani joins the list of global rich with family office in Singapore

Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.

Low volatility in stock markets signals some respite for Asia: Report

Implied volatility tends to rise when asset prices suffer a downtrend, as investors snap up put options to hedge against further losses. It typically falls in bullish markets

Crypto hacked again in $100 million theft of Binance-backed blockchain

An exploit occurred on a bridge between blockchains and the issue is "contained now," Changpeng "CZ" Zhao, billionaire co-founder of Binance, the world's biggest crypto exchange, said on Twitter

Facebook is warning 1 million users about stolen usernames, passwords

Social media giant has identified more than 400 malicious Android and iOS apps this year that target internet users

Credit Suisse offers to buy back debt securities worth 3 bn Swiss francs

Credit Suisse Group AG is offering to buy back debt securities for cash worth approximately 3 billion Swiss francs, just as the embattled lender tries to put finishing touches on a planned overhaul

Kremlin tells state media to start admitting some failures in Ukraine war

After months of reporting virtually nothing but battlefield successes, state TV has lately been cataloging Russian retreats and defeats - without the usual positive spin from the Ministry of Defence

Chipmakers see 'breathtaking drop' in demand as global recession looms

Samsung reported a 32% dive in operating income, while PC-processor chipmaker AMD said it will miss its earlier forecast by about $1 billion

Crypto exchange ZebPay applies for license in Singapore, also eyeing UAE

Daily trading volume on ZebPay has dropped from a high of $122 million in October 2021 to just over $700,000, data from Nomics shows

140 organisations worldwide ask IMF to issue $650 bn to help poor nations

Allocating more IMF reserve assets known as special drawing rights, or SDRs, "would immediately make hundreds of billions of dollars available to nearly all low- and middle-income IMF member countries

UK shows labour market slowdown with recession concerns rising: Survey

As a result, vacancies and the number of people placed in roles both rose at the slowest pace in more than a year and a half