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After $30 bn exodus, foreign funds trickle back into Indian equities

Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets

China facing stiff competition for its favourite Russian oil from India

India has ramped up purchases of crude from Russia's far east, a grade that's typically favored by Chinese oil refiners

Rishi Sunak's tax affairs back in spotlight in UK race to succeed Johnson

Sunak's tax arrangements were in the spotlight once again as he sought to position himself as the only candidate who could beat Labour leader Keir Starmer at the next general election

China to repay more victims of nation's biggest bank scam: Report

Clients from the four rural banks in the central province of Henan and one in Anhui with deposits of up to 100,000 yuan ($14,800) will be repaid from July 25

China fines Didi $1.2 billion for illegally collecting users' data

Regulators also fined Didi Chairman Cheng Wei and President Jean Liu 1 million yuan apiece, the Cyberspace Administration of China said in a statement

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