BUSINESS
BOJ holds policy as it pushes back against market speculation
The central bank kept its main policy settings unchanged, leaving its negative interest rate at -0.1% and 10-year bond yields around 0%, according to its latest policy statement Wednesday.
BUSINESS
Diamond traders hit by Rupee risks amid Russia supply woes
Supplies from Russia to India have fallen 40% since April, leading to a knock-on slump in exports from the Asian nation.
BUSINESS
Budget 2023: Capex spend likely to slow on lower tax haul
Budget 2023: When Finance Minister Nirmala Sitharaman presents this year’s budget on February 1, she faces the daunting task of balancing a commitment to narrowing the fiscal deficit with keeping the engines of growth well-oiled.
INDIA
Indians view US as biggest threat after China, survey shows
Some 43% of the 1,000 respondents perceived China as the greatest threat, according to the survey by Morning Consult, a US-based global business intelligence company.
BUSINESS
Top talent at Indian firms may see their pay rise 30% this year
On average, pay in the South Asian nation will increase by 9.8% in 2023 after a 9.4% bump last year, the consulting firm said in a report.
TECHNOLOGY
Apple launches new Macbooks, Mac mini in rare January event
The new 14-inch and 16-inch MacBook Pros look the same as the prior models — which launched at the end of 2021 — but add more powerful M2 Pro and M2 Max chips to replace the M1 Pro and M1 Max processors
BUSINESS
Meme stock billionaire’s Alibaba wager risks clash with Beijing
The billionaire entrepreneur, an idol of the meme-stock crowd who muscled his way onto the GameStop board, has taken a stake in Alibaba worth hundreds of millions of dollars.
BUSINESS
RBI may pause on rates next month: DSP Investment Managers
With India’s headline inflation for the October-December period falling below the RBI’s estimate, the central bank could reevaluate its strategy amid an ongoing global growth slowdown, Pathak said in a Tuesday interview with Bloomberg Television.
BUSINESS
Davos 2023: Qatar’s wealth fund eyes soccer, tech in revamp
The World Economic Forum returns to the resort during the winter for the first time in three years this week.
BUSINESS
China’s GDP likely hit by lockdowns, Covid zero exit
A surge in infections in December took a toll on the economy, with official data Tuesday likely to show a slump in activity to levels comparable to when Shanghai was locked down in the spring last year.
BUSINESS
Tech’s slump masks rally sweeping across S&P 500
While the benchmark is down 17% from its record high set on Jan. 3, 2022, about three-quarters of the stocks in the index are up 20% or more from their 52-week lows, according to data compiled by Bloomberg.
BUSINESS
Energy, Chips, Taiwan: Flashpoints for 2023 in a fractured world
With a hot war raging in Europe and a cold one escalating between the US and China, the rest of the world is under pressure to pick sides.
BUSINESS
$250 million India tech fund on agenda of ex-KKR, BII managers
The new venture capital fund, Fractal Growth Partners, was co-founded by Ajay Candade, who until recently led KKR’s growth tech business in India, and Nikhil Balaraman, who was previously head of South Asia tech investment at BII.
ECONOMY
China boost for flagging world economy looks closer as reopening begins
The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack their bags for international travel for the first time since the pandemic
WORLD
Huge sanctions are looming for the fuel that powers the world
From February 5, the European Union, the G-7 and its allies will attempt to impose a cap on Russia’s fuel export prices. While similar measures are already in place on its crude shipments, it is the cap and ban on refined fuels — and in particular diesel — that has some oil-market watchers concerned about the potential for price spikes
WORLD
Biden’s missteps on secret papers create a self-inflicted crisis
President’s aides say they’ve gone by the book on records drip of incomplete information suggests attempt at cover-up.
WORLD
Nearly all of Beijing to get Covid by end of January, study finds
The virus has been spreading at a faster pace in China after the government relaxed controls in November and abruptly abandoned its Covid Zero policy in December, according to the study.
INDIA
Not just Joshimath, these six towns in Uttarakhand are also at the risk of sinking
Incidents of land sinking in the Joshimath area were reported as early as the 1970s. A rapid subsidence of a maximum of 5.4 centimeters was triggered in Joshimath town in the 12 days up to Jan. 8.
INDIA
Joshimath subsidence: Here are other places at risk of sinking in the Himalayas
Incidents of land sinking in the Joshimath area were reported as early as the 1970s. A rapid subsidence of a maximum of 5.4 centimeters was triggered in Joshimath town in the 12 days up to Jan. 8.
BUSINESS
Nomura sees 75 basis point RBI rate cuts in 2023 as GDP slows
India’s monetary policy makers are expected to wind down hikes after a 25-basis-point move in February, capping the most aggressive tightening cycle since 2011.
BUSINESS
Centrum co-heads Ganashyam S, Arpita Vinay asked to leave due to 'loss of confidence'
The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a “loss of confidence,” the group’s spokesman said in an emailed reply, without elaborating.
BUSINESS
Things to know as Davos returns in winter amid ‘polycrisis’ risk
The pandemic and subsequent lockdowns put paid to physical January gatherings in 2021 and 2022, but normal service is now resuming as more than 2,700 politicians, executives, investors, bankers and academics convene next week in the Swiss ski resort.
BUSINESS
Electric vehicles look poised for slower sales growth this year
Electric vehicle sales break records again, but the pace of growth slows.
BUSINESS
iPhone breakthrough masks India’s struggle to boost manufacturing
Apple Inc. began assembling its latest iPhone models in the South Asian nation in a significant break from its practice of reserving much of that for giant Chinese factories run by its main Taiwanese assemblers, a key win for Prime Minister Narendra Modi’s “Make in India” campaign.
