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Bollywood blockbusters, Hollywood hits expected to lure Indians back to cinemas

BUSINESS

Bollywood blockbusters, Hollywood hits expected to lure Indians back to cinemas

The release lineup for the next few months “is looking very good,” INOX Leisure Ltd. Chief Executive Officer Alok Tandon said, pointing to robust expectations for the recently released crime thriller Drishyam 2 and the upcoming Avatar sequel.

Big tech has failed to live up to its promise

BUSINESS

Big tech has failed to live up to its promise

Technology firms may make up 36% of the S&P 500, but they represent only 0.3% of workers.

Migrant workers face worse choices than building World Cup stadiums

BUSINESS

Migrant workers face worse choices than building World Cup stadiums

Hundreds of construction projects across the United Arab Emirates stalled. And the workers were left stranded at home, work permits in hand.

How Donald Trump could win the 2024 Republican nomination

BUSINESS

How Donald Trump could win the 2024 Republican nomination

The contest is now in full flight, even though only one candidate, Trump, has formally announced. In echoes of 2016, political observers have been debating whether Trump could capture the nomination with a relatively small share of the overall vote.

GIP said to mull deal for infrastructure firm tower Vision India

BUSINESS

GIP said to mull deal for infrastructure firm tower Vision India

The private equity firm has been sounding out financing for a potential deal that could value Tower Vision India at about $300 million to $400 million, said the people, who asked not to be identified discussing private information.

Adani fundraise targets retail buyers, allows discount pricing

BUSINESS

Adani fundraise targets retail buyers, allows discount pricing

The 200 billion rupee ($2.5 billion) equity sale via the further public offer mechanism, approved Friday, gives the company maximum flexibility, including pricing at a discount to target more investors, Chief Financial Officer Jugeshinder Singh said in an interview.

GIFT City - India’s Free-Market Oasis - Looks to Take On Singapore And Dubai

BUSINESS

GIFT City - India’s Free-Market Oasis - Looks to Take On Singapore And Dubai

In the state of Gujarat, just a few glass-fronted towers greet the 20,000 employees of companies such as JPMorgan Chase & Co. and HSBC Holdings Plc who commute in each weekday. Its full name is Gujarat International Finance ­Tec-­City, but it’s more commonly known as GIFT City.

Fosun said to mull sale of $3.6 Billion Gland Pharma

BUSINESS

Fosun said to mull sale of $3.6 Billion Gland Pharma

Fosun Pharma, a listed arm of Chinese conglomerate Fosun International Ltd., has been working with an adviser as it informally gauges interest in its controlling stake in Gland, the people said.

Ice cream binge prompts chocolatier Barry Callebaut to boost America's output

BUSINESS

Ice cream binge prompts chocolatier Barry Callebaut to boost America's output

The Swiss company, which is little known to consumers, supplies ingredients to about one in every four chocolate and cocoa products consumed around the world.

Global yield curve inverts in signal a recession is brewing

MARKETS

Global yield curve inverts in signal a recession is brewing

The average yield on sovereign debt maturing in 10 years or more has fallen below that of securities due in one-to-three years

China health, CDC officials to hold Covid briefing in Beijing

WORLD

China health, CDC officials to hold Covid briefing in Beijing

Representatives from the National Health Commission (NHC), National Administration of Disease Control and Prevention, as well as the Chinese Center for Disease Control and Prevention will be speaking at the briefing, to be held at 3pm in Beijing, according to a statement from the NHC.

Google Play fee suit by consumers grows to 21 million users

BUSINESS

Google Play fee suit by consumers grows to 21 million users

The consumer dispute is part of a sprawling antitrust fight that also includes complaints filed by attorneys general of almost three dozen states, Epic Games Inc., Match Group Inc. and a group of small app developers.

iPhone Pro wait times hit new peak after factory disruptions

BUSINESS

iPhone Pro wait times hit new peak after factory disruptions

Customers buying Apple’s most premium devices in the US this year can now expect to wait as long as 37 days, according to Counterpoint Research, which monitors delivery times every year.

FIFA fans without masks pose dilemma for Chinese TV

SPORTS-TRENDS

FIFA fans without masks pose dilemma for Chinese TV

Footage reviewed by Bloomberg News and shared on social media appear to show state broadcaster China Central Television pulling back on footage of the stadium crowds compared to other international networks.

Musk threatens war with Apple, jeopardizing vital relationship

BUSINESS

Musk threatens war with Apple, jeopardizing vital relationship

The billionaire attacked the iPhone maker with a flurry of tweets Monday, saying the company had cut its Twitter advertising and threatened to bump the social network from Apple’s app store.

Looming S&P 500 bear case sees 15% drop on Fed balance-sheet unwind

BUSINESS

Looming S&P 500 bear case sees 15% drop on Fed balance-sheet unwind

While rate increases get all the blame for this year’s bear market, an analysis by Morgan Stanley’s sales and trading team suggests the balance-sheet procedures have had more sway on equities in 2022, explaining virtually all their twists and turns.

China’s Covid curbs to upend commodities demand in peak season

COMMODITIES

China’s Covid curbs to upend commodities demand in peak season

It’s a bleaker outlook for prices that runs counter to earlier optimism that China was preparing to exit the worst of its virus controls, after the government released a 20-point plan earlier this month refining its Covid Zero policies

Singapore government faces parliament grilling over FTX fallout

BUSINESS

Singapore government faces parliament grilling over FTX fallout

The FTX exchange collapsed into bankruptcy on Nov. 11 and there are questions about whether the platform misappropriated customer funds for use by sister trading house Alameda Research.

Slower growth will be good for India, for now, economists say

BUSINESS

Slower growth will be good for India, for now, economists say

Price gains have stayed above RBI’s 2%-6% target since the start of 2022, and the central bank seeks to cool it to 4% by 2024.

Mark Mobius sees Bitcoin down at $10,000 in ‘dangerous’ crypto market

BUSINESS

Mark Mobius sees Bitcoin down at $10,000 in ‘dangerous’ crypto market

The co-founder of Mobius Capital Partners LLP said in an interview Monday in Singapore that his next target for Bitcoin is $10,000. He added he wouldn’t invest his own cash or client money in digital assets as “it’s too dangerous.”

Commodities sink as covid’s spread, protests worsen outlook

BUSINESS

Commodities sink as covid’s spread, protests worsen outlook

Crude oil in Shanghai followed international markets lower, plunging as much as 5.6%. Cooking oil futures in Dalian tumbled as much as 3% on concerns over the threat to demand at restaurants and hotels already reeling from lockdowns.

Amazon is shuttering some India businesses amid global cuts

BUSINESS

Amazon is shuttering some India businesses amid global cuts

The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods to small businesses.

Jerome Powell to set stage for slowing Fed rate hikes amid hawkish tone

BUSINESS

Jerome Powell to set stage for slowing Fed rate hikes amid hawkish tone

Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering.

Foreign investor bets show Indian stocks rally has more legs

BUSINESS

Foreign investor bets show Indian stocks rally has more legs

Holdings of foreign investors in long index futures have risen by about six times from their September lows, to 127,000 contracts, while short bets have dropped 76% over the same period to 38,600 lots -- the least bearish positioning since April.