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China plans to break up Ant's Alipay, force creation of separate loans app

Beijing wants to break up Alipay and create a separate app for the company's highly profitable loans business, the Financial Times reported on Sunday.

SpiceJet settles with Boeing MAX aircraft lessor CDB Aviation

The 737 MAX was grounded worldwide in March 2019 after two fatal crashes in five months killed 346 people, plunging Boeing into a financial crisis

Energy, financials help Wall Street rise from bruising week; Dow up 270 pts

Biden corporate tax hike in focus; S&P energy sector jumps 3.3%

Epic's win in App Store case toughens fight against Google Play rules

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India worried about complacency over second dose of Covid vaccine: Report

The govt last week said one Covid dose alone was 96.6% effective in preventing deaths, a message that experts say could inadvertently put people off from getting their second shot

Oil prices rise to one-week high as US supply concerns dominate

Brent crude rose 62 cents, or 0.9%, to $73.54 a barrel at 0858 GMT

India looking to tax crypto trades and ecosystem in the country: Report

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported

Jet Airways to resume domestic operations in first quarter of 2022

The Jalan Kalrock Consortium, the successful resolution applicant of the carrier, announced on Monday

India cuts import taxes on vegetable oils to calm prices

By Rajendra Jadhav

Asia shares make sluggish start, Nikkei hesitates near 30-year high

Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3% last week

Oil climbs to one-week high on US supply concerns, Brent crude up 0.7%

Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel

Sydney Airport sale a step closer after improved $17.4 billion offer

The move sent the airport's shares up 5%, with analysts saying a rival bid appeared unlikely given the scale of the funding needed and foreign ownership rules

Japan's wholesale inflation hovers near 13-yr high as material costs rise

The corporate goods price index, which measures the price companies charge each other for their goods and services, rose 5.5% in August from a year earlier

Vaccine passports ditched in UK's new plan to manage Covid-19 pandemic

Health Minister Sajid Javid said he did not anticipate more lockdowns and that the vaccine passports would not be introduced in England, as the government depends instead on vaccines and testing

Japan's vaccines minister Taro Kono leads opinion poll on succeeding Suga

Kono had 27% support in the poll by the Nikkei newspaper and TV Tokyo that asked who would be "the right person" to lead the party and become the next prime minister

China tells Alibaba, Tencent to open platforms up to each other: Report

China's industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other's website links from their platforms: report

India cuts import taxes on palm oil, sunflower oil to calm prices

India has cut base import taxes on palm oil, soyoil and sunflower oil, a government order showed, as the world's biggest vegetable oil buyer tries to cool near-record price rises

ArcelorMittal to triple iron ore production, invest $800 mn in Liberia

ArcelorMittal signed an agreement to stay for at least 25 more years in Liberia, where it will at least triple its iron ore production and invest an additional $800 million

Epic's win in App Store case toughens fight against Google Play rules

Developers including 'Fortnite' maker Epic Games in the last year took aim at the two biggest mobile app stores, run by Apple and Google

Sri Lanka's central bank governor Lakshman resigns amid reserves crisis

Sri Lanka did not immediately announce a successor to Lakshman, who took up the post in December 2019. The government said he would step down on Tuesday