Page 1049 - Reuters/workspace/business Standard Web/undefined

HSBC explores India private banking re-entry 6 years after calling it quits

HSBC exited the Indian private banking business in 2015 as part of a group strategy. The lucrative but very competitive Indian market has few foreign players

Bitcoin breaks past $68,000, ether nears $5,000 as flows surge in crypto

Bitcoin and ether made record peaks in Asia trade on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class.

PayPal profit rises above estimates in Q3 as more people shop online

Net revenue in the third quarter rose over 13% to $6.18 billion.

Bitcoin inflows hit record high so far in 2021: CoinShares data

Bitcoin inflows totalled $95 million last week, representing the largest inflows of all digital assets

French prosecutors widen investigation into Sanjeev Gupta's GFG group

The investigation was launched in July after suspicious activities were reported by public officials

Tesla shares fall after Twitter users vote for Elon Musk to sell stock

Musk tweeted on Saturday that he would offload 10% of his stake if users of the social media network approved the proposal

Glasgow COP26: Republicans, China, Russia hurt progress, says Obama

Obama said the Paris agreement he helped to broker had created a framework to tackle climate change

SoftBank dragged into red in Q2 by falling Vision Fund valuations

"The strategy of let's create the perception of enhanced value by taking things public hasn't really worked this year," Redex Research analyst Kirk Boodry said

Global Covid cases hit 250 mn, eastern Europe infections at record levels

The virus is still infecting 50 million people worldwide every 90 days due to the highly transmissible Delta variant

Dow hits record high as infra bill lifts cyclicals; Tesla stock falls

The Dow Jones Industrial Average was up 170.49 points, or 0.47%, at 36,498.44

Eager travellers line up for US flights as Covid travel curbs are lifted

Months of pent-up demand triggered a major spike in bookings on Monday

ED seeks documents from Future related to 2019 deal with Amazon: Report

In a confidential notice, the agency also sought copies of legal filings, supporting documents submitted by Amazon, Future, say sources

Future-Amazon case: FRL moves SC to seek stay on Emergency Arbitrator order

The dispute started when Future Retail, India's second-largest retailer with more than 1,700 stores agreed last year to sell retail and other operations to India's biggest retail group Reliance

Buy now, pay later set to surge over ten-fold in India within four years

Redseer estimates India's BNPL market will rocket to $45-50 billion by 2026 from $3-3.5 billion now

Disney offers streaming service discount for a month to boost subscribers

Walt Disney Co said on Monday it was offering a month of Disney+ for $1.99 for a limited period, as the entertainment giant seeks to stem a slowdown in paid user growth at its streaming service

Blizzard-hit SoftBank launches $9-bn buyback after $10-bn Vision Fund loss

Even as the value of its assets slide, the Japanese tech conglomerate said its stock is undervalued and will spend up to 1 trillion yen ($9 bn) buying back nearly 15% of its shares

Explained: Key challenges for Japan PM Fumio Kishida's stimulus plan

Having deployed huge fiscal stimulus last year, Japan risks a drop-off in support needed to support the fragile recovery, finance ministry officials say

European automakers say magnesium shortage not a problem, for now

Part manufacturers supplying automakers with key components are heavily reliant on magnesium, which can be used by itself or combined with aluminium to reduce the weight of cars

Japan cuts economic view after key indicator falls to lowest in a year

The government on Monday lowered its assessment of the index to "weakening" from "improving" in its first downgrade since August 2019

Larger-than-expected Saudi crude price hikes to Asia bullish for markets

Brent and U.S. West Texas Intermediate crude futures gained more than $1 on Monday following Saudi's announcement