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Mastercard submits new audit to India after ban over data handling

The Reserve Bank of India (RBI) on July 14 sent panic-waves through Indian banking partners by announcing a ban, effective from July 22, to prevent the U.S. giant from issuing new cards.

Amazon hit with $886 million European Union data privacy fine

This is for for processing personal data in violation of the EU's General Data Protection Regulation (GDPR)

Exxon posts highest profit in more than a year as demand recovers

Rebounding demand for oil, gas and chemicals helped

Covid: Delta variant threatens to cool oil demand recovery, shows poll

The survey of 38 participants forecast Brent would average $68.76 per barrel, up slightly from June's $67.48 estimate.

India rupee, bonds fall for second straight month; RBI policy in focus

Sentiment has been lifted after the Fed did not outline a taper timeline, which is expected to aid local shares and the rupee in the near future.

Crypto exchange Binance to wind down derivatives in Europe

Binance's exit from derivatives in Europe is its latest exit from specific crypto products after growing regulatory pressure.

Japan eyes fresh stimulus package as new curbs weigh on growth

Lawmakers have escalated calls for a new relief package

World stocks on course for sixth month of gains, dollar near 1-mth low

MSCI's World index was last down 0.3%, leaving it broadly flat on the week, but up 1.1% for the month, just shy of a record high.

US regulator freezes Chinese company IPOs over risk disclosures: report

The U.S. Securities and Exchange Commission (SEC) has stopped processing registrations of U.S. initial public offerings (IPOs) and other sales of securities by Chinese companies

Gold heads for best weekly gain in over 2 months on dovish Fed

US gold futures fell 0.3% to $1,830.80 per ounce.

SoftBank Q1 performance seen buoyed by China IPOs; crackdown clouds outlook

The group reported a record $37 billion net profit in the financial year ended March due in large part to outsized gains from a stake in South Korean e-tailer Coupang Inc.

India equity deals set to pick up pace as investors hunt post-pandemic bets

The fundraising boom in India by firms, ranging from an e-comm platform to a food delivery apps, comes even as country's economic rebound, already weakened in recent months, faces risk from Covid

Gold eyes biggest weekly gain in over 2 months on US Fed signal

Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest since July 15 at $1,832.40 on Thursday

Singapore's DBS and Temasek to set up $500 million debt financing platform

Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform

Microsoft looks to tap into Oyo before its potential IPO: Report

The deal could be announced in the coming weeks and would be a prelude to an initial public offering (IPO) by Oyo, the source said

Covid-19 pandemic: Big Tech makes jabs mandatory, Twitter closes offices

Twitter started allowing employees back to its campuses in San Francisco and New York

Astra's Covid-19 vaccine sales triple in Q2, top $1 billion in H1

Firm exploring whether vaccine biz is sustainable for next 5-10 years: Official

US economy returns to pre-pandemic size, grows 1.6% in Q2: Report

On an annualised basis, second-quarter growth was 6.5 per cent

LinkedIn allows staff to work fully remote, removes in-office expectation

By Danielle Kaye

Mastercard profit beats estimates on consumer spending, travel boost

Mastercard saw improved strength in travel between the Unites States and Latin America, as well as an increase in travel within Europe, Miebach said on a conference call.