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.
BUSINESS
How US Congress can pay for extending the tax cuts and jobs act
A potential solution exists that would keep US debt from spiraling out of control and should be acceptable to Republicans because they floated it not too long ago
BUSINESS
Bridgewater says Trump may pick more accommodating Fed chief
Should US inflation move closer to 3%, Trump may be inclined to nominate a Federal Reserve chairman who would accommodate the higher target and free him to cut rates, Bridgewater Associates Co-Chief Investment Officer said.
BUSINESS
Google’s Chrome worth up to $20 billion if judge orders sale
Antitrust enforcers want the judge to order Google to sell off Chrome because, as the most widely used browser worldwide, it represents a key access point through which many people use its search engine, the people said.
INDIA
Coal plants in India set to miss pollution goal as smog chokes Delhi
About three-quarters of the coal-fired generators near major cities are set to miss a year-end deadline to install equipment to curb sulfur-dioxide emissions, according to people familiar with the matter, who asked not to be identified as the information isn’t public.
BUSINESS
Gautam Adani offers dollar bond again after earlier deal postponed
The increase in US yields since Trump’s election victory may result in higher all-in borrowing costs for Adani than if it had proceeded with its October offering.
BUSINESS
Curb your debts to prepare for the next pandemic, Raghuram Rajan tells US
Rajan said his warning is apt for the US, whose debt trajectory will keep increasing steadily, according to IMF forecasts released last month.
