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Credit Suisse posts another quarter of loss, rejigs top team

The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by legal expenses

Microsoft shares up by 3.5% after earnings topped analysts' projections

Revenue in the third quarter, which ended March 31, rose 18 per cent to $49.4 billion, the software maker said Tuesday in a statement. Net income rose to $16.7 billion, or $2.22 a share

Covid-19: China's curbs send economy reeling to worst since Apr 2020

The services industry was already suffering in March, with consumer spending contracting by the most since mid-2020.

Elon Musk's untaxed wealth is helping finance his Twitter buyout

Elon Musk could have a silent partner in his $44-billion deal to buy Twitter: the US tax code

Marelli Holdings pushes back decision on sponsor after talks stall

The company, a key supplier for automakers Nissan Motor Co. and Stellantis NV, is now seeking to select a sponsor and finalize a plan next month

Adani Group in advanced talks to acquire Holcim businesses in India

Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days

India in talks with Intel and TSMC to set up semiconductor plants

The government late last year unveiled a $10 billion incentives plan, offering to cover as much as half of a project's cost, to lure display and semiconductor fabricators to set up base in India

Indians supplant Chinese to become largest migrant group in Australia

From 2011 to 2021, Indian-born migrants rose by 373,000, followed by 208,000 from China and 118,000 from the Philippines, Australian Bureau of Statistics data showed Tuesday

Brash and fast: How unwelcome suitor Elon Musk took over Twitter

The transaction came together at breakneck speed because Elon Musk waived the chance to look at Twitter's finances beyond what was publicly available, and also because that's how the billionaire works

Jeff Bezos takes aim at Musk's $44 bn Twitter deal with China jibe

Bezos drew attention to Tesla's close ties with China, the world's biggest electric vehicle market and home to the company's first overseas factory

Elon Musk is the 'singular solution I trust' for Twitter, says Dorsey

Dorsey, who took the company public in 2013, said Twitter has been "owned" by Wall Street and that taking it private was the "correct" first step.

Meta calls UK tech watchdog's Giphy decision 'irrational', 'inconsistent'

The tech giant is attempting to overturn the CMA's order to unwind the $315-million deal. Nobody apart from Meta was prepared to pay an acceptable price for Giphy, the lawyers said in court documents

Bitcoin touches six-week low amid risk-off mood; Ether slumps to $2,799

The second-biggest coin, Ether, slumped to $2,799, a level not seen since March 18

Sri Lanka cabinet clears proposal to clip President Rajapaksa's power

Decision follows announcement from main opposition party that it has garnered enough support for a no-trust vote against the government.

Hyundai Motor's Q1 tops forecast as weak won helps global sales

Sales climbed 11 per cent from a year earlier to 30.3 trillion won, higher than forecast thanks to robust sales of sport utility vehicles and Genesis luxury models

CVC Capital Partners, KKR mulling buyout bids for $18-billion Toshiba

Toshiba's buyout, which has a market capitalisation of almost $18 billion, would possibly be private equity's biggest-ever deal in the country

Pakistan asks IMF to pour in more funds, raise programme duration

The country's new government led by Shehbaz Sharif has promised populist measures and kept fuel prices unchanged this month to provide relief to citizens grappling with Asia's second-fastest inflation

No-trust vote likely in Lanka after Oppn gets hold of required support

Stocks plunge nearly 10%

Twitter deal to elevate Elon Musk to new media mogul status

Elon Musk has made it clear that his primary goal in buying Twitter is to support unfettered expression and reduce user bans or takedowns of individual tweets

Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal

FRL's offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100% payment, while local lenders were asked to take a haircut