BUSINESS
Investors want more of India, says Goldman Sach’s Santanu Sengupta
As investors chase markets with digital new economy assets, India has consistently attracted annual foreign direct investments of $50 billion to $55 billion, even in the pandemic, Sengupta said in an interview with Bloomberg Television’s Haslinda Amin and Rishaad Salamat.
BUSINESS
Bollywood blockbusters, Hollywood hits expected to lure Indians back to cinemas
The release lineup for the next few months “is looking very good,” INOX Leisure Ltd. Chief Executive Officer Alok Tandon said, pointing to robust expectations for the recently released crime thriller Drishyam 2 and the upcoming Avatar sequel.
BUSINESS
Big tech has failed to live up to its promise
Technology firms may make up 36% of the S&P 500, but they represent only 0.3% of workers.
BUSINESS
Migrant workers face worse choices than building World Cup stadiums
Hundreds of construction projects across the United Arab Emirates stalled. And the workers were left stranded at home, work permits in hand.
BUSINESS
How Donald Trump could win the 2024 Republican nomination
The contest is now in full flight, even though only one candidate, Trump, has formally announced. In echoes of 2016, political observers have been debating whether Trump could capture the nomination with a relatively small share of the overall vote.
BUSINESS
GIP said to mull deal for infrastructure firm tower Vision India
The private equity firm has been sounding out financing for a potential deal that could value Tower Vision India at about $300 million to $400 million, said the people, who asked not to be identified discussing private information.
BUSINESS
Adani fundraise targets retail buyers, allows discount pricing
The 200 billion rupee ($2.5 billion) equity sale via the further public offer mechanism, approved Friday, gives the company maximum flexibility, including pricing at a discount to target more investors, Chief Financial Officer Jugeshinder Singh said in an interview.
BUSINESS
GIFT City - India’s Free-Market Oasis - Looks to Take On Singapore And Dubai
In the state of Gujarat, just a few glass-fronted towers greet the 20,000 employees of companies such as JPMorgan Chase & Co. and HSBC Holdings Plc who commute in each weekday. Its full name is Gujarat International Finance Tec-City, but it’s more commonly known as GIFT City.
BUSINESS
Fosun said to mull sale of $3.6 Billion Gland Pharma
Fosun Pharma, a listed arm of Chinese conglomerate Fosun International Ltd., has been working with an adviser as it informally gauges interest in its controlling stake in Gland, the people said.
BUSINESS
Ice cream binge prompts chocolatier Barry Callebaut to boost America's output
The Swiss company, which is little known to consumers, supplies ingredients to about one in every four chocolate and cocoa products consumed around the world.
MARKETS
Global yield curve inverts in signal a recession is brewing
The average yield on sovereign debt maturing in 10 years or more has fallen below that of securities due in one-to-three years
WORLD
China health, CDC officials to hold Covid briefing in Beijing
Representatives from the National Health Commission (NHC), National Administration of Disease Control and Prevention, as well as the Chinese Center for Disease Control and Prevention will be speaking at the briefing, to be held at 3pm in Beijing, according to a statement from the NHC.
BUSINESS
Google Play fee suit by consumers grows to 21 million users
The consumer dispute is part of a sprawling antitrust fight that also includes complaints filed by attorneys general of almost three dozen states, Epic Games Inc., Match Group Inc. and a group of small app developers.
BUSINESS
iPhone Pro wait times hit new peak after factory disruptions
Customers buying Apple’s most premium devices in the US this year can now expect to wait as long as 37 days, according to Counterpoint Research, which monitors delivery times every year.
SPORTS-TRENDS
FIFA fans without masks pose dilemma for Chinese TV
Footage reviewed by Bloomberg News and shared on social media appear to show state broadcaster China Central Television pulling back on footage of the stadium crowds compared to other international networks.
BUSINESS
Musk threatens war with Apple, jeopardizing vital relationship
The billionaire attacked the iPhone maker with a flurry of tweets Monday, saying the company had cut its Twitter advertising and threatened to bump the social network from Apple’s app store.
BUSINESS
Looming S&P 500 bear case sees 15% drop on Fed balance-sheet unwind
While rate increases get all the blame for this year’s bear market, an analysis by Morgan Stanley’s sales and trading team suggests the balance-sheet procedures have had more sway on equities in 2022, explaining virtually all their twists and turns.
COMMODITIES
China’s Covid curbs to upend commodities demand in peak season
It’s a bleaker outlook for prices that runs counter to earlier optimism that China was preparing to exit the worst of its virus controls, after the government released a 20-point plan earlier this month refining its Covid Zero policies
BUSINESS
Singapore government faces parliament grilling over FTX fallout
The FTX exchange collapsed into bankruptcy on Nov. 11 and there are questions about whether the platform misappropriated customer funds for use by sister trading house Alameda Research.
BUSINESS
Slower growth will be good for India, for now, economists say
Price gains have stayed above RBI’s 2%-6% target since the start of 2022, and the central bank seeks to cool it to 4% by 2024.
BUSINESS
Mark Mobius sees Bitcoin down at $10,000 in ‘dangerous’ crypto market
The co-founder of Mobius Capital Partners LLP said in an interview Monday in Singapore that his next target for Bitcoin is $10,000. He added he wouldn’t invest his own cash or client money in digital assets as “it’s too dangerous.”
BUSINESS
Commodities sink as covid’s spread, protests worsen outlook
Crude oil in Shanghai followed international markets lower, plunging as much as 5.6%. Cooking oil futures in Dalian tumbled as much as 3% on concerns over the threat to demand at restaurants and hotels already reeling from lockdowns.
BUSINESS
Amazon is shuttering some India businesses amid global cuts
The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods to small businesses.
BUSINESS
Jerome Powell to set stage for slowing Fed rate hikes amid hawkish tone
Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering.
