Page 599 - Bloomberg/workspace/business Standard Web/video

BoE hikes rates to pre-pandemic level, warns of living squeeze

The increase to 0.75%, was backed by eight of the bank's nine policy makers, with Deputy Governor Jon Cunliffe voting for no change.

FabIndia preps for IPO, seeks ESG investors without ticking 'green boxes'

Company is in talks with ESG funds and will make decisions on its investor lineup after stock market regulator clears its first-time share sale.

SoftBank-backed Oyo to weigh 50% smaller IPO amid market turmoil: Report

Oyo made preliminary filings in September aiming for an IPO in early 2022

Macquarie Cap analyst further cuts Paytm target price, estimate at Rs 400

Paytm, the Indian digital payments startup whose stock has slumped 71% since its November market debut, had its price target reduced further by an Macquarie Capital Securities (India) Pvt. analyst

Coronavirus pandemic erased over 9 mn jobs in Southeast Asia, says ADB

This pushed 4.7 million people to extreme poverty last year, measured as living on less that $1.90 a day, the ADB said in a report

British PM Boris Johnson visits Gulf, seeks more oil from Saudi Arabia, UAE

The British prime minister met Crown Prince Mohammed bin Zayed, the UAE's de facto ruler, in Abu Dhabi

SoftBank founder Masayoshi Son loses $25 bn in tech's brutal winter

Masayoshi Son, SoftBank Group Corp.'s billionaire founder, checks the chart. Then again. Another time. And once more for good measure

More young employees are quitting their jobs: Survey by Microsoft Corp

Among Gen Z and millennials, or workers under age 41, 52 per cent in Microsoft's poll said they might switch jobs

European buyout giant EQT to buy Baring Private Equity Asia for $7.5 bn

It's the biggest takeover of a private-equity company by another firm from within the industry

China makes strong vow to ease crackdowns after market turmoil

The Financial Stability and Development Committee meeting concluded there is a need to 'boost the economy', in the first quarter and promised investors relief on several regulatory fronts

Bad news for Amazon as Ambani's RIL seizes the future of retail in India

In the end, Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail not in an arbitration tribunal in Singapore, or in a Delhi courtroom, but in a shopping aisle

India plans Rs 24,000 cr sovereign green bond as economy goes low carbon

India is the world's third-biggest emitter of greenhouse gases and plans to more than quadruple its renewable power generation capacity by 2030.

A new coffee company is taking on Starbucks in London

Blank Street Coffee, the fast-growing Brooklyn, New York-based chain, is bringing its inexpensive espresso to the UK capital in June.

Coin celebrating murder of Julius Caeser may sell for $2 million

The gold piece, slightly smaller than a US quarter, is more than two thousand years old.

We want to avoid US sanctions over Russia invasion, says China

Concerns are growing among investors that Chinese companies will face US sanctions after American officials said Russia requested military and financial assistance from Beijing

SoftBank's Arm to lays off up to 15% staff members as it readies for IPO

The British company will shed 12 per cent to 15 per cent of staff in the UK and the US, Chief Executive Officer Rene Haas said in a memo to staff, according to a person familiar with the matter

Meta Platforms slapped with $19 million fine for EU data law breaches

Meta Platforms was fined 17 million euros ($19 million) for violating the European Union's privacy rules by failing to prevent a series of data breaches on its Facebook platform in 2018

Ukraine crisis: Russia spiralling towards $150-billion default nightmare

Signs of looming financial damage are becoming apparent at many of the world's biggest money managers, including BlackRock and Pacific Investment Management.

Gold drops for third day as commodities fall before Fed meeting

Bullion has eased after rallying to within $5 of a record last week as Russia's invasion of Ukraine caused commodities to surge, threatening a combination of low growth and high inflation

Ukraine crisis: Fund managers now see equity bear market in 2008-like gloom

This is the takeaway of the latest Bank of America Corporation monthly global fund manager survey conducted in the week through March 10