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Historic global corporate tax deal nears as G-7 seeks agreement on tech
Finance ministers of the bloc close in on a deal to jointly support a minimum corporate tax rate of at least 15%.
 "Historic global corporate tax deal nears as G-7 seeks agreement on tech")
El Salvador becomes first country to adopt Bitcoin as legal tender
The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.
 "El Salvador becomes first country to adopt Bitcoin as legal tender")
Anita Frew to take the wheel at Rolls-Royce - first woman in 115 years
Frew, 63, has been chair of specialty chemicals-maker Croda International since 2015
 "Anita Frew to take the wheel at Rolls-Royce - first woman in 115 years")
JSW Steel sues top US companies, accuses them of stifling competition
US Steel Corp, Nucor Corp. and Cleveland-Cliffs Inc control more than 80 per cent of domestic steelmaking capacity and conspired to cause direct harm to JSW, according to a lawsuit
 "JSW Steel sues top US companies, accuses them of stifling competition")
Shell to accelerate emissions cuts after Dutch court ruling, says CEO
The oil and gas giant still expects to appeal the verdict and believes it has been unjustly singled out, Chief Executive Ben van Beurden said in a statement posted on LinkedIn.
 "Shell to accelerate emissions cuts after Dutch court ruling, says CEO")
British Airways, Ryanair face UK probe over denied flight refunds
The U.K.'s Competition and Markets Authority said it has opened enforcement cases against both airlines on Wednesday.
 "British Airways, Ryanair face UK probe over denied flight refunds")
China's factory inflation at 13-year high adds to global pressures
The producer price index climbed 9% in May from a year earlier, driven by price increases for oil, metals and chemicals, the National Bureau of Statistics said
 "China's factory inflation at 13-year high adds to global pressures")
RBI owns more of its benchmark 10-year bond than yield-managing BOJ
The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists.
 "RBI owns more of its benchmark 10-year bond than yield-managing BOJ")
Rs 4.1 trillion fund manager is betting big on cyclical stocks in India
The ICICI Prudential Opportunities Fund directly managed by Sankaran Naren has returned 36% year-to-date, beating 96% of its peers.
 "Rs 4.1 trillion fund manager is betting big on cyclical stocks in India")
Markets 'very good', firms should use yields: Axis Bank's Gambhir
Senior executive at lender says companies should access market if they need long-term funding.
 "Markets 'very good', firms should use yields: Axis Bank's Gambhir")
Coal India requests mn vaccine doses after nearly 400 staff die of Covid-19
The world's top coal miner, which employs about 259,000 people, said it has written to government officials requesting about 1 million doses be made available for staff and their family members
 "Coal India requests mn vaccine doses after nearly 400 staff die of Covid-19")
'Domino effect': Why the world's biggest websites suddenly went offline
Failure at Fastly, which helps websites load their pages faster, sent vast swaths of the web offline on Tuesday.
 "'Domino effect': Why the world's biggest websites suddenly went offline")
Amazon explores replacing JPMorgan as issuer of co-brand credit card
American Express Co. and Synchrony Financial are among those bidding on the portfolio.
 "Amazon explores replacing JPMorgan as issuer of co-brand credit card")
Setbacks to Serum Institute of India leave world short of Covid shots
The world's largest vaccine maker has been dogged by problems, from a ban on exports to a factory fire, that have hampered its ability to fill orders
 "Setbacks to Serum Institute of India leave world short of Covid shots")
Analyst optimism on State Bank of India reaches a 17-year high, shows data
Among 48 analysts who cover the stock, 47 recommend buy and only one has a hold rating - a ratio of 98 per cent that's the highest since June 2004, according to data compiled by Bloomberg
 "Analyst optimism on State Bank of India reaches a 17-year high, shows data")
HBO Max's global expansion faces intense competition & tangled rights
The deal with Sky is an example of the tangled international rights that HBO Max is navigating as it tries to catch up with Netflix and Disney+ around the world
 "HBO Max's global expansion faces intense competition & tangled rights")
SoftBank Group seeks $7.5-billion loan secured by planned Arm sale
A loan of that size would be among SoftBank's biggest in dollars, following a record facility recently.
 "SoftBank Group seeks $7.5-billion loan secured by planned Arm sale")
Bitcoin falls below $32K after Colonial Pipeline's ransom recovery
The US recovered almost all the Bitcoin ransom paid to the perpetrators of the cyber attack on Colonial last month
 "Bitcoin falls below $32K after Colonial Pipeline's ransom recovery")
China turns first major country to let preschoolers have emergency vaccine
The move comes amid reports that young people with the disease could be as infectious as adults
 "China turns first major country to let preschoolers have emergency vaccine")
HSBC Holdings plans to split oversight of Asia between two co-heads
Europe's largest lender plans to appoint Wong's protege, David Liao, and the chief executive of its Indian business, Surendra Rosha, as joint heads of its Asian arm this year
 "HSBC Holdings plans to split oversight of Asia between two co-heads")