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Facebook, Xiaomi want a slice of India's $1 trillion digital loan market

India's digital payments market is drawing the attention of some of techs biggest names after online transactions surged during the pandemic.

India to China: Where investors managing $3 trn are putting their money

Institutional investors recommend heightened caution and warn of a difficult recovery ahead for the world.

US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan

"The Fed thinks it has time" to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization, Raghuram Rajan said in an interview

Hottest cryptocurrencies are alternatives to Bitcoin and Ether

Cardano has doubled this month, becoming the third-largest digital asset. Binance Coin is also up. A token named Avalanche has tripled in August

China slashes kids' online gaming time to just three hours a week

The escalating restrictions on Tencent's biggest business are likely to spook investors that had cautiously returned to Chinese stocks in recent days

New South Korea law likely to test Apple, Google duopoly: Report

The Telecommunications Business Act would mandate giving users a free choice of app payment providers

Ola picks banks for $1 billion IPO, may file papers in Oct: Report

The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, people familiar with the matter said

Hold 10% of portfolio in gold as currencies will be devalued: Mark Mobius

Bullion rallied to a record last year as the coronavirus pandemic spurred a flight to haven assets but it's pulled back since with the roll-out of vaccines.

COAI sees India lagging in 5G unless airwaves cost less

Proceeds from the 5G airwaves auction, likely early next year, is an important source of revenue for the Indian exchequer especially as Modi-led government looks to spur the pandemic-hit economy,

Joe Biden's rushed Afghan exit adds strains to US-Pakistan ties

Pakistan remains an indispensable power in the region

Confidence in Euro-area economy drops on supply squeeze, virus

The Bundesbank, Germany's central bank, has already warned that economic growth this year may be somewhat lower than the 3.7% it had forecast in June

Chinese tech stocks rally to start week as investors eye bottom

Beijing has expanded its clampdown on private industry to tutoring companies and online gaming in a bid to reduce the wealth gap.

Alibaba fires 10 staffers for leaking sexual assault accusations

Alibaba announced internally last week it fired the group for sharing a harrowing account posted on an internal forum by a colleague surnamed Zhou, who accused a former manager of rape

Singapore to 'defuse resentments over foreigners' after racist incidents

Country's PM devotes part of his speech to racial harmony, referring to racist incidents that targeted Indians

India power-sector financier REC plans first loan using Libor heir

The financier's choice of a SOFR-linked loan is part of a global push by policy makers to develop new benchmarks to replace Libor by the end of 2021

'Into the limelight': Koo, India's answer to Twitter, goes past 10 mn users

The app, which lets users send tweet-like posts in English and seven Indian languages, has seen about 85% of users join since February, when Twitter's disputes with the Modi administration escalated

India's soft power, investments in Afghanistan lead to diplomatic dead end

As Afghanistan falls into chaos, India doesn't have any leverage to ensure the country doesn't become a security threat

How Google's push into Indian retail banking challenges traditional lenders

Google Pay wants to push time-deposit products of small Indian banks, breaching banks' historic moat with tech innovation.

One stuck box of fertiliser shows the global supply chain crisis

From the US to Sudan to China, container boxes have been lying at ports, railyards and in warehouses as the pandemic rages on

Uber wait annoys UK passengers after drivers quit in droves: Report

Customers have complained on social media about longer wait times and higher fares during peak hours as the lack of drivers triggers surge pricing