WORLD
At a climate conference in oil country, progress remains elusive
The conference went into overtime Friday with a draft agreement that would have rich countries providing $250 billion annually by 2035
WORLD
How much salary would you need to earn to be considered successful in US?
The numbers are well beyond the reach of most Americans
MARKETS
High-frequency trading causes more liquidity shortages, says BIS
The institution analyzed 25 years worth of high-frequency trading data across asset classes in the US, Europe and Japan
WORLD
Bosch to cut 5,500 jobs as auto industry slump deepens
Bosch, the world’s biggest automotive supplier by revenue, will cut positions related to automated driving and car steering products in Germany
BUSINESS
Adani Green debt major near-term worry, says CreditSights
The analysts pointed to short-term debt of about $2 billion, largely in the form of project loans, at Adani’s green energy unit.
BUSINESS
Three BofA India bankers leave amid probe on stock offerings
Among the transactions being probed are Aditya Birla Capital and Sun Life India AMC Investments’ Rs 1,500 crore share sale in ABSL Asset Management in March, IFR reported, citing unidentified people.
BUSINESS
Sebi investigating whether Adani flouted disclosure rules: Bloomberg
Sebi has asked officials at the stock exchanges if Adani Green Energy failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people said, asking not to be identified as the details are private.
WORLD
Chinese stocks slump as weak tech earnings hit sentiment
The retreat extends the market’s slide since an October peak, underscoring growing frustration over the Beijing’s underwhelming fiscal stimulus and jitters over a potential escalation in US-China tensions.
BUSINESS
India is Abrdn’s top Asia bet next year in search for carry trade gains
India's relatively low correlation with the US and attractive bond valuations also make the nation’s notes among the asset manager’s top weightings in emerging markets, said Kenneth Akintewe, head of Asian sovereign debt at Abrdn Plc.
BUSINESS
Asian stocks, gold gain after Wall Street rises
Shares in Australia, Japan and Hong Kong rose while those in China fluctuated after an index of US-listed Chinese stocks fell 1% Thursday.
WORLD
Bitcoin flirts with $100,000 on optimism over US crypto outlook
The largest digital asset traded at $98,550 as of 7:03 a.m. Friday in Singapore after briefly scaling a record $99,000 on Thursday in the US. The crypto market as a whole has gained about $1 trillion since Trump’s Nov. 5 election win.
BUSINESS
Byju’s founder told ally to flee the US to avoid testifying
Raveendran reiterated a job offer with a $500,000 salary if Hailer would immediately come to Dubai and start working, Hailer told US Bankruptcy Judge John T. Dorsey during the hearing in Wilmington, Delaware.
WORLD
Matt Gaetz withdraws from consideration as Donald Trump's attorney general
Gaetz, 42, a former congressman from Florida, came under intense scrutiny in response to a long-running House Ethics Committee investigation into allegations that he engaged in sexual misconduct, including having sex with a minor.
BUSINESS
Aramco to borrow more and focus on dividend growth, CFO Ziad Al-Murshed says
Aramco tapped debt investors earlier this year when it sold $6 billion of dollar-denominated bonds in June, followed by about $3 billion of Islamic dollar notes in September.
BUSINESS
Starbucks is said to consider selling stake in Chinese business
The coffee chain has been speaking to advisers about ways to grow its operations in China including the potential introduction of a local partner, the people said, asking not to be identified because the information is private.
BUSINESS
New Delhi’s Khan Market ranks among world’s costliest high streets
Chennai’s Anna Nagar, Mumbai’s Fort area, Connaught Place in New Delhi, Gurgaon’s Galleria market, and Kolkata’s Park Street, were ranked as the other high-end retail sites in India, by Cushman & Wakefield.
BUSINESS
Citadel Securities to hire country head, traders to boost India push
The US-based firm, part of Ken Griffin’s hedge fund and trading empire, is also looking to add at least six employees across functions, including trading, to bolster its 10-member team in the country, they said, asking not to be identified.
BUSINESS
Vedanta Resources pauses bond sale plans after Adani market volatility
Vedanta has been no stranger to swings in its own bonds previously, after they were dragged down by plunging metals prices, domestic oil taxes and fears about how it could honour its debts.
BUSINESS
Here are the US charges against Indian billionaire Gautam Adani
Co-conspirators met in person and communicated through an electronic messaging app to discuss execution, including while in the US.
BUSINESS
Byju’s founder accused of trying to regain firm with hidden cash
Raveendran allegedly recruited Hailer, who is a former political consultant, to try to buy out US creditors owed more than $1.2 billion under a loan, according to the filing with the US Bankruptcy Court in Delaware.
BUSINESS
Adani bonds tumble after founder charged by US authorities
Billionaire Adani has been charged for allegedly participating in a scheme that involved promising to pay more than $250 million in bribes to Indian government officials to secure solar energy contracts.
BUSINESS
Gautam Adani charged by US over alleged $250 million bribe plot: Bloomberg
Prosecutors in Brooklyn, New York, alleged on Wednesday that Adani and other defendants lied about the plan as they sought to raise money from US investors.
BUSINESS
Nvidia traders brace for potential $300 billion earnings move
The options-implied move for Nvidia shares the day after earnings is about 8% in either direction, according to data compiled by Bloomberg.
BUSINESS
Top cities, including NCR, Mumbai see 23% jump in home prices, says ANAROCK
The average house price in top seven cities, including the capital New Delhi and Mumbai, climbed 23% from a year earlier to Rs 1.23 crore during April-September, Mumbai-based ANAROCK said in a report on Wednesday.
