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KKR raises $15 billion in Asia's biggest fund as buyout-backed deals rise

KKR & Co said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region's biggest private equity fund at a time when buyout-backed deals are on the rise

IMF favours global minimum corporate tax: Chief economist Gita Gopinath

Gopinath said current disparities in national corporate tax rates had triggered 'a large amount' of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues

Global Covid-19 death toll surpasses 3 mn amid new infections resurgence

According to a Reuters tally, it took more than a year for the global coronavirus death toll to reach 2 million

US climate envoy John Kerry says India is 'getting job done' on climate

Kerry is leading efforts to get countries to step up commitments ahead of a summit of 40 leaders on April 22-23

S&P 500, Dow slip from record highs at open as investors lock in gains

The S&P 500 and the Dow opened lower on Tuesday after closing at record highs in the previous session, as investors locked in some gains ahead of a reading of U.S. job openings later in the day.

Bombay HC says ByteDance should deposit Rs 79 cr in tax evasion case

ByteDance has said in court it does not owe the tax Indian govt is demanding and does not agree with the tax authority's decision to freeze its accounts

Russia, India discussing Russian military manufacturing in India: Lavrov

Russia and India are discussing the possibility of "additional" production of Russian military equipment in India, Russian Foreign Minister Sergei Lavrov said while on a visit to New Delhi

Oil price rebounds on robust economic data from US, China, bargain hunting

Oil prices rose supported by strong economic data from China and the US, recouping some of the losses from the previous session due to rising OPEC+ supply and infections in India and parts of Europe

Gold price hits more than one-week peak as dollar and yields slip

Gold prices rose on Tuesday to their highest level in more than a week as a weaker dollar and pullback in US bond yields lifted demand for the safe-haven metal

Credit Suisse overhauls management as it takes $4.7 billion hit on Archegos

Credit Suisse said it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital, prompting it to overhaul the leadership of its investment bank and risk division

US auto industry calls for govt help as it warns of impact of chip shortage

Joe Biden in February ordered several Federal agency actions to address the chip crisis and is also seeking $37 billion in funding for legislation to supercharge chip manufacturing in the US

Self-driving startup Gatik works with Isuzu to build delivery trucks

Self-driving truck companies have been gaining a lot of traction with investors keen to jump on the emerging technology

Audio app Clubhouse floats payments feature for creators to monetise

Audio-chat app Clubhouse said it will launch a monetisation feature for its creators on the platform and that it will not receive any payment from it

SoftBank to take 40% stake in warehouse robotics firm AutoStore for $2.8 bn

The Japanese company will acquire the stake from funds affiliated with AutoStore's majority shareholder Thomas H. Lee (THL) Partners and other investors

World Bank chief expects G20 to extend debt payment freeze through end-2021

The G20 Debt Service Suspension Initiative (DSSI) has already helped countries defer some $5.7 billion in payments through the end of 2020

Biden says no evidence higher corporation taxes will drive companies abroad

President Joe Biden defended his proposal to raise corporate taxes to help pay for his infrastructure spending plans

Indian refiners deepen cuts to Saudi oil purchases, to buy 36% less in May

Energy relations between India, the world's third biggest oil importer and consumer, and Saudi Arabia have soured as global oil prices spiked

GameStop's shares tank 12% after it plans a $1 billion stock sale

At Thursday's closing price of $191.45, the "at-the-market" sale could fetch GameStop up to $670 million

UK eyes coronavirus tests twice a week for all as economy reopens

New mass testing programme would break the chain of transmissions and spot cases without symptoms, says PM

Singapore will be first to accept Covid-19 digital travel passes

Over 20 carriers, including Emirates, Qatar Airways and Malaysia Airlines, are also testing the pass.