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Govt may allow more sugar exports to prevent defaults on contracts

Any additional exports this year may pressure global prices.

Correlation between India and US markets hits 17-month high, shows data

India's blue-chip gauge gained nearly 5 per cent this month, compared to 4.6 per cent for the S&P 500 and 0.33 per cent for the MSCI Asia Pacific measure

Tesla sells 75% of its Bitcoin holdings after Musk said he doesn't dump

The carmaker had converted roughly 75% of its Bitcoin to fiat currency as of the end of June, adding $936 million of cash to its balance sheet, according to its shareholder letter

SoftBank's deal flow halved in Apr-June after portfolio takes heavy losses

Low tech valuations are draining SoftBank's ability to turn public listings of its portfolio companies into liquidity to fuel its outsized bets

$85-bn fund manager bets on Indian markets amid recession fears elsewhere

US-based GQG Partners has more than $7 bn invested in India, where favourable demographics are driving local consumer demandIndia is best positioned among emerging nations to withstand a global recess

Next pain point for the rupee: $79 billion of unhedged offshore loans

The nation's firms had $79 billion of unhedged offshore loans at the end of March, about 44% of their total overseas borrowings, according to the latest data from the Reserve Bank of India

Microsoft, Google among tech giants to pause hiring amid fear of recession

With recession fears mounting-and inflation, the war in Ukraine and the lingering pandemic taking a toll-many tech companies are rethinking their staffing needs

Zuckerberg, Sandberg to testify in Cambridge Analytica privacy lawsuit

Meta's Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg will testify in a lawsuit claiming Facebook illegally shared user data with research firm Cambridge Analytica

Netflix faces tough road ahead despite low second-quarter subscriber loss

Netflix Inc may have calmed investors' worst fears with a second-quarter subscriber loss that was better than expected

Gold to face headwinds in H2 2022 as dollar continues to dominate

Gold is heading into the second half of the year under increasing pressure, with the dollar more than ever the dominant driver

India's economic recovery falters as high prices, falling rupee bite

India's economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month

US existing homes sales fall to a two-year low as prices hit record high

Contract closings fell 5.4% from May to an annualized 5.12 million, figures from the National Association of Realtors showed Wednesday.

Indonesian court rejects call to legalise medicinal use of cannabis

The country's top court did crack the door for potential future use of cannabis for health conditions by ordering the government to review the way it categorizes narcotics

Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action

The world's largest digital token rose as much as 3.3% Wednesday to trade around $24,066, the highest level since mid-June

It's not just China homebuyers; suppliers too now boycotting loans

Hundreds of contractors to the property industry complained that they can no longer afford to pay their own bills because developers including China Evergrande Group still owe them money

Govt has a $10-bn plan to decarbonise public transport and curb emissions

Convergence Energy Services Ltd is planning a $10-bn tender for 50,000 electric buses that will help India meet its goals for net zero emissions

Here are the world's most (and least) powerful passports in 2022

Japan, Singapore and South Korea have the most powerful passports as the world continues to recover from Covid-19, reversing pre-pandemic rankings that were dominated by European nations

Google, Oracle data centres knocked offline as record-high heatwave hits UK

London data centers used by Google and Oracle Corp. buckled on Tuesday after a record-setting heat wave hit Britain, knocking some websites offline

Govt's plastic straw ban to curb pollution leaves Indian consumers thirsty

With 19 single-use plastic items banned from July 1, including the straws, companies including Dabur India Ltd. and Parle Agro Pvt, have been racing to replace them with imported paper versions

Govt cuts windfall tax on fuel exports as global crude oil prices fall

India imposed the taxes on July 1, joining a growing number of nations placing windfall levies to tap energy companies' booming profits