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China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.

US economy may be entering 'new normal' after pandemic, says Jerome Powell

Powell and his colleagues are moving rapidly to reduce the highest inflation in nearly 40 years after being slow to spot the threat of broadening price pressures.

Revlon lenders to seek rehearing after Citigroup's $500 mn victory

Some of the Revlon Inc. creditors who were accidentally sent more than $900 million by Citigroup Inc. asked a federal appeals court for a rehearing, after it ruled that they had to give the money back

Floods left behind an 'ocean of human suffering': Pak PM Shehbaz Sharif

"Pakistan has never seen a more stark and devastating example of the impact of global warming," Sharif said about the disaster.

Ambuja Cements shares put on NSE watchlist after Adani-driven surge

Ambuja Cements lost 7 per cent in the previous two sessions before rising on Friday

Vladimir Putin stages 'votes' to annex occupied Ukrainian territories

The Kremlin ordered the ballots after its forces suffered their worst defeats to Ukraine's military since the early weeks of the seven-month-long invasion

Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%

Roubini, who has warned through bull and bear markets that global debt levels will drag down stocks, said that achieving a 2% inflation rate without a hard landing is going to be "mission impossible"

India may boost coal power fleet 25% by 2030 amid rising energy demand

The world's third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there's a substantial drop in the cost of storing electricity

Vladimir Putin's conscripts won't win his war but may drag it out

Not only has Russia lost about 80,000 soldiers dead or wounded in Ukraine, according to estimates, but with insufficient manpower for rotation many troops are now spending their eighth month in field

Microsoft CEO confident about Activision deal approval, handling of economy

Nadella said the company will keep growing in some areas after adding approximately 70,000 workers during the pandemic

Europe energy crisis to last more than a winter amid tight supply: Analyst

Russia's invasion of Ukraine upended energy flows and rippled through global markets, driving up natural gas prices and forcing drastic measures such as Germany nationalizing its biggest importer

Taiwanese independence is a charging rhino that must be stopped, says China

China's authorities have used the term "gray rhinos" in the past to refer to highly probably, high-impact financial hazards that risk being overlooked

Boeing to pay $200 million to settle SEC probe over 737 Max jetliner

The settlement, announced by the SEC on Thursday, concludes a probe into whether Boeing withheld key information from shareholders about a flawed software system linked to the 2018 and 2019 crashes

Every nation for itself as dollar batters global currencies after rate hike

While the problems in currency markets right now are in many ways reminiscent of the 1980s, the solutions are unlikely to be

Citigroup sets India as high priority market amid rising China risks

The nation saw a record $82 billion in merger and acquisition deals in the second quarter, defying a slump elsewhere

After India, now the UK also has to wrestle with Hindu-Muslim clashes

Now the UK Has to Wrestle With India's Demons, Too

Gautam Adani and his fortune drivers deserve keener spotlight, scrutiny

The silent soldiers behind the world's second-biggest personal fortune are overdue their recognition. They also deserve some scrutiny

Yen breaches 144 mark against the dollar, Japan central bank steps in

Intervention is a 1st since 1998, helped stem 20% decline in the currency

Cost of making a classic lunch at a US diner is 13% more now, shows data

Food costs in the US are up 11.4 per cent from a year ago, the most since 1979, and are a key driver behind the nation's 8.3 per cent overall inflation rate

SoftBank cuts valuation of IPO-bound Oyo by 20% to $2.7 bn: Report

'We are confident that the speculations about valuation markdown are patently incorrect,' an OYO spokesperson said in a statement