BUSINESS
China’s small-cap crash shows what happens without market rescue
Quantitative hedge funds are seen to have amplified the recent selloff, and authorities have banned some of them from placing sell orders completely along with other measures, Bloomberg reported late Monday.
BUSINESS
Qatar looks to sell more LNG to India in sales blitz
Indian buyers are demanding rates that are below previous deals that Qatar has signed in the last few years, the traders said.
BUSINESS
Wall Street Snubs China for India in a Historic Markets Shift
Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination for the next decade.
BUSINESS
China tightens trading restrictions for domestic and offshore investors
Officials this week imposed caps on some brokerages’ cross-border total return swaps with clients, limiting a channel that can be used by China-based investors to short Hong Kong stocks, said the people, asking not to be identified discussing a private matter.
REAL-ESTATE
Why NYC apartment buildings are on sale now for 50% off
The two-bedroom Manhattan apartment looks ghostly pale even in the clear afternoon light, the yellowing of its peeling walls reminiscent of an old black-and-white snapshot. Chips of paint are dropping from the ceiling. On the kitchen floor rests a lifeless pigeon.
BUSINESS
US solar boom opens $2 billion Indian door to banned products from China
US initiatives to foster the establishment of India's solar industry may have opened the door to components manufactured using forced labour in China.
INDIA
Tax on online gaming may be reviewed after March, says Revenue Secy
According to a senior finance ministry official, India will evaluate the national sales tax system for online gaming companies after next month.
BUSINESS
Paytm falls again as regulator considers canceling bank permit
Paytm's shares tumbled for the third day in a row as India's central bank contemplates revoking Paytm Payments Bank Ltd.'s licence, adding to the company's escalating woes.
WORLD
Powell tells ‘60 minutes’ Fed is wary of cutting rates too soon
Chair of the Federal Reserve Jerome Powell stated that policymakers will probably wait until after March to lower interest rates in an effort to make the central bank's justifications more understandable to the general public.
BUSINESS
Bond bulls pin hopes on dovish RBI pivot to extend budget rally
Indian bond traders are expecting the central bank to telegraph a dovish monetary policy tilt in response to a fiscally responsible budget, which would prolong the biggest advance in over a year.
WORLD
Elon Musk took drugs with some Tesla board members, WSJ says
There was concern about the volume of Musk’s illegal drug use and that he consumed drugs with some of his board members, the newspaper reported
BUSINESS
RBI likely to consider canceling Paytm Bank permit: Report
The Reserve Bank of India could act after a Feb. 29 deadline it has set, after which Paytm Payments Bank will bar customers from replenishing their saving accounts or the popular digital payment wallet, the people said.
BUSINESS
Citi expects big year for India M&As with capital flowing from far and wide
Investments will range from outright acquisitions to greenfield projects and partnerships, Citi’s India investment banking head Rahul Saraf said in an interview with Bloomberg News in Mumbai.
BUSINESS
Japanese retail investors pile billions into Indian equities
Total assets of India equity-focused investment trusts in Japan grew 11%, or ¥237 billion ($1.6 billion), in January, according to data compiled by Bloomberg.
BUSINESS
A 5,800% renewables stock boom has some Indian investors worried
The biggest stock winners in India’s renewable sector are now all facing the challenge from minuscule earnings, which has sent valuations through the roof.
WORLD
Amazon adds AI shopping companion named rufus to retail store
Called Rufus, the shopping assistant is launching on Thursday to “a small subset of customers” who use Amazon’s mobile app, the online retail giant said in a blog post.
WORLD
Apple’s China slump deepens even as total sales grow again
Sales in China dropped 13% to $20.8 billion in the fiscal first quarter, which ended Dec. 30, the company said in a statement Thursday. That fell far short of the $23.5 billion predicted by analysts and was Apple’s weakest December quarter in the Asian nation since the first period of 2020.
WORLD
Meta, Amazon job cuts and belt-tightening pay off for investors
Both companies reported better-than-expected earnings on Thursday, sending their stock prices soaring and validating the belt-tightening strategies that defined the tech industry’s past 16 months.
WORLD
Meta plans $50 billion buyback in bid to win over investors
The social media giant also reported strong fourth-quarter results, posting a 25% gain in sales and profits that tripled, while also projecting revenue growth for the current period that surpassed projections.
BUDGET
Who gained and who lost in PM Modi’s last budget before polls
Here’s a look at some of the winners and losers of the interim budget:
BUSINESS
Microsoft, Google woo India programmers to win AI leadership
Microsoft Chief Executive Officer Satya Nadella will address developers and technologists on “discovering new opportunities with AI” during a visit next week in Bangalore, the country's technology epicenter.
BUSINESS
Bain Capital plans to invest $7 billion in India, boost hiring
The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15% to 20% over the next two or three years, according to Pavninder Singh, partner and a member of the Asian Pacific private equity team.
WORLD
UBS weighs cutting about 90 jobs at Asia wealth, bank teams
The Zurich-based lender is weighing a plan to cut about 70 jobs at the private bank and 20 at its global banking division, one of the people said, asking not to be identified because the matter is confidential.
BUSINESS
Boeing pulls guidance to show investors that safety comes first
Fourth-quarter profit, cash flow and revenue all surpassed analysts’ expectations, based on results published Wednesday by the US planemaker. But the earnings report took a back seat to Boeing’s latest 737 Max crisis and its response to the ensuing regulatory clampdown.
