BUSINESS
Sanctions headache threatens to dent India’s Russian oil imports
Refinery and banking executives report that the need to prove Russian imports comply with a $60-a-barrel cap imposed by the Group of Seven nations now requires additional steps and verification of official invoices, contract documents, plus shipping and insurance information — details not previously demanded.
WORLD
What’s in the Northern Ireland Brexit deal? Here are top five takeaways
The deal adds flexibility for goods moving between Britain and Northern Ireland and includes a new mechanism for Northern Ireland to challenge amendments to existing EU law while keeping the European Court of Justice as the sole arbiter of EU regulations.
BUSINESS
Adani CFO Jugeshinder Singh says no refinancing, capital plans at Hong Kong roadshow
The crisis-ridden Indian conglomerate is continuing an investor roadshow in Hong Kong Tuesday to ease concerns about its financial health and corporate governance induced by a short-seller’s allegations.
WORLD
Hong Kong ends one of world’s longest mask mandates after 945 days
Masks will no longer be needed outdoors, indoors or on public transport, Hong Kong leader John Lee told reporters on Tuesday.
WORLD
China considers ways to curb youths’ ‘excessive’ video use
The National Radio and Television Administration held a meeting Feb. 22 to consider ways to tighten oversight of the short video industry.
BUSINESS
Derivative trade boost to India’s sovereign bonds may unwind
Analysts say a New Delhi plan to tax high-value insurance policies will reduce demand, leading the industry to cut back on bond investments. For the past two years, banks have boosted the amount of debt bought for interest-rate swaps offered to insurers.
BUSINESS
Scorching rally in consumer stocks over, says Top Fund Manager
The global reopening from the pandemic boosted consumer shares around the world, especially in India where the domestic demand story has long been touted by global funds, leading to billions in inflows in the second half of 2022.
BUSINESS
Adani Group continues investor roadshow in Hong Kong
The two-day roadshow in Hong Kong follows a series of investor meetings on Monday in Singapore, where executives said the Indian conglomerate has enough money to repay debt due over the next three years in addition to an $800 million credit facility.
BUSINESS
JPMorgan investment arm wipes out Adani stocks from ESG portfolio
For now, the 10 companies that make up the Adani conglomerate are continuing to bleed money, having lost roughly $150 billion in combined market capital since the Hindenburg findings were released
WORLD
Rishi Sunak aims to unveil Northern Ireland Brexit deal
The meeting between the British PM and European Commission president in Berkshire suggests the UK and the European Union are finally ready to settle their differences.
BUSINESS
Xiaomi teases wireless augmented reality glasses
The concept device from the Chinese phone maker is designed to let users gesture via its embedded camera to select and open apps, swipe through pages and exit apps to return to the start page, without using a smartphone.
WORLD
Sound of money: Rare violin valued at $10 million in auction
Valued in excess of $10 million, the violin, made around 1731, is set to attract a combination of institutions, private individuals and consortiums of investors. “Banks and foundations are the newest participants in our market,” Tome says.
WORLD
The African safari is changing for the better. Here’s how
Travelers, at the same time, have redefined their safari priorities to seek privacy in accommodations, flexible schedules, exclusive wildlife experiences and more cultural context.
WORLD
China lithium probe shuts down about a tenth of global supply
Some lithium operations in Yichun, Jiangxi province, have been halted after Beijing officials arrived over the past week to investigate alleged violations at lithium mines, Yicai newspaper reported Sunday, citing unnamed local government staff.
BUSINESS
Missing banker Bao Fan cooperating in China probe, his firm says
In a short stock exchange statement on Sunday, the firm suggested it hadn’t been in touch with Bao and didn’t know where he was.
BUSINESS
Adani’s world tour seeks to win back debt investors’ faith
About a dozen global banks will help host the investor meetings at Singapore’s Capitol Kempinski hotel Monday.
WORLD
Covid-19 pandemic most likely came from lab leak: WSJ
A classified intelligence report provided to the White House and key members of Congress said the virus likely spread due to a mishap at a Chinese laboratory, the WSJ reported on Sunday.
BUSINESS
Berkshire Rail, Insurance units see earnings hit on weak demand
The conglomerate posted $6.7 billion in operating earnings in the fourth quarter, a 14% decline from a year earlier, it said
WORLD
Germany, India to boost cooperation in renewables, defence
The two sides also agreed to step up cooperation on green hydrogen “to achieve a socially just, economically sustainable secure and affordable energy supply,” according to a joint statement after the meeting.
WORLD
Scholz heads to India to deepen ties on green energy, defense
Scholz also plans to discuss Russia’s war on Ukraine with Prime Minister Narendra Modi at a time when Europe and its allies are struggling to maintain economic pressure on the Kremlin and isolate President Vladimir Putin.
BUSINESS
Jack Ma-Backed Ant Group plans to pare stake in Paytm
The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks, the people said, requesting not to be identified because the matter is private.
INDIA
Rising heat in India raises alarm on another energy crunch
Temperatures have been as much as 11C above normal in some regions in the past week and prompted the India Meteorological Department to advise farmers to check wheat and other crops for signs of heat stress.
BUSINESS
Bharti Enterprises' Sunil Mittal seeks a stake in Paytm: Report
Mittal seeks to fold Airtel Payments Bank into Paytm Payments Bank in a stocks deal and is also seeking to buy Paytm shares from other holders, sources told Bloomberg.
WORLD
What a Possible PBOC Leadership Shake-Up May Mean for Policy
Governor Yi Gang is widely expected to step down, potentially paving the way for veteran banker Zhu Hexin to take his place, according to a person familiar with the matter.
