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Russia undercuts Saudi Arabian oil in India as competition heats up

Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May

Tesla investors clear 3-for-1 stock split amid shares rally since late May

The split will bring Tesla's shares down to the $300 range, but the Austin, Texas based-company did not immediately specify as of when it will take effect

CK Group to sell Hong Kong firm AMTD stake after wild 14,000% gain

CK currently holds less than 4 per cent of AMTD Group, according to a statement

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

Walmart cuts 200 corporate jobs as weak demand, bloated inventory weigh

Walmart will also add an unspecified number of jobs in areas such as e-commerce, health and wellness, ad sales and supply chain

Credit Suisse in revival mode, may cut thousands of jobs globally

The bank, which began trimming front line roles in Asia last month, is mulling an aggressive plan to reduce its headcount, which stood at 51,410 at the end of June

China fires 11 ballistic missiles near Taiwan in biggest test in decades

The People's Liberation Army fired 11 Dongfeng ballistic missiles into waters north, east and south of Taiwan between 13:56 p.m. and 16:00 p.m. local time Thursday, the island's Defense Ministry said

SoftBank raises $22 billion by selling Alibaba derivatives: Report

SoftBank Group shares rose 2.6% in Tokyo trading, while the benchmark Topix was flat

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

The story of how globetrotting tech star Ankiti Bose built and lost one of Asia's most vaunted startups

Monetary policy: RBI likely to return interest rates to pre-pandemic levels

With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks

After talks with Joe Biden, Opec+ goes for 'minuscule' output hike

The cartel will add only 100,000 barrels a day of oil in September, giving a tight market extra supplies at a much slower pace than in recent months despite pressure from the White House

Bangladesh seeks $2 billion from World Bank, ADB to boost forex reserves

The government wrote letters to the two lenders seeking $1 billion each from them to help the economy cope with the ripple effects of the war in Ukraine and energy price shocks

Zomato stock drops as 612 million shares go for sale on discount

The selling undisclosed shareholder in the block trade offered the stock at between Rs 48 and Rs 54 a piece

Ripples from Pelosi's Taiwan trip may take time to impact global markets

Nancy Pelosi's visit is fanning fresh jitters among investors already spooked by the threat of a global slowdown amid surging inflation

World's food supply faces new threat after India's rice crop falters

The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation

China's Covid zero policy could last for years as it works for Xi

It's 2025 in Beijing, five years since the start of the pandemic, and Chinese President Xi Jinping's Covid Zero policy is still an inescapable part of daily life

UK already in recession as cost of living crisis hits household incomes

The UK economy is already in recession as the cost of living crisis has devastating consequences for household incomes, a leading think tank has concluded

US warns of possible retaliation after killing of Al-Qaeda's al-Zawahiri

In a Worldwide Caution Update, the department said it believed "there is a higher potential for anti-American violence given the death of Ayman al-Zawahiri on July 31, 2022"

Asian unicorns are trading 40% cheaper than 6 months ago in private markets

"For some of the unicorns, we are seeing very limited demand," Patel said, adding that bid offers are 25% to 50% lower compared with the firms' latest fundraising valuations.

Meta-owned Facebook algorithms are losing ground to Europe's madmen

The economy is weakening, and so is demand for advertising - at least, that's how Facebook parent Meta Platforms Inc. justified its first-ever quarterly decline in revenue last week