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.
BUSINESS
Apple’s Tim Cook takes rare CEO pay cut after pushback
As part of the changes, the percentage of stock units awarded to Cook and tied to Apple’s performance will increase to 75% in 2023 from 50%, as well as in future years, the company said in a regulatory filing Thursday.
ECONOMY
US inflation cools again, giving Fed room to downshift on rates
The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years.
AUTOMOBILE
Auto Expo 2023: Tata Group to make electric vehicle battery cells in Europe, says CFO
Tata is finalizing plans and will announce details soon, CFO P.B. Balaji said, declining to disclose the location of the facility and a time frame. There will be a “lot of investments,” he said, without elaborating.
BUSINESS
India set to test green bond market with debut $2 billion sale
Green bond sales dropped for the first time in a decade last year, as monetary policy tightening hit issuance, and as asset managers came under fire for alleged greenwashing.
BUSINESS
World’s richest man Bernard Arnault taps daughter to run Dior
The appointment comes a month after Antoine Arnault, the eldest son, was given a wider role in the business, replacing Sidney Toledano as chief executive officer and vice chairman of Christian Dior SE, the holding company through which the family controls LVMH Moet Hennessy Louis Vuitton SE.
BUSINESS
KKR invests $1.15 billion in Aircraft leasing as travel rebounds
The bet on air travel, made through KKR’s credit and infrastructure funds, adds to the roughly $8.3 billion that the alternative-asset manager has put into the aviation sector since 2015. KKR owns about 50% of Altavair.
BUSINESS
JPMorgan says it was defrauded in $175 million purchase of college site
The bank “paid $175 million for what it believed was a business deeply engaged with the college-aged market segment with 4.265 million customers,” JPMorgan said in a Dec. 22 lawsuit filed in Delaware federal court. “Instead, it received a business with fewer than 300,000 customers.”
