BUSINESS
China weighs giving US full access to audits of most firms
If the plan proceeds, it would mark an unusual reversal by Beijing, potentially ending a decades-long dispute that escalated when the U.S. mandated a 2024 deadline for kicking non-compliant businesses off the New York Stock Exchange and Nasdaq
WORLD
Tiger Global’s hedge fund sinks 34% this year as key stocks fall
All six of Tiger Global’s biggest stock holdings at year-end, including JD.com Inc. and Microsoft Corp., have declined this year and most fell by double digits.
BUSINESS
Adani Joins Musk, Bezos in Exclusive $100 Billion Club
Gautam Adani, whose empire includes ports, mines and green energy, is the latest whose fortune reached the $100 billion mark.
BUSINESS
IEA Nations Agree to Join Biden’s Massive Oil-Stock Release
Members of the International Energy Agency agreed on Friday to make another round of releases from their emergency fuel reserves.
BUSINESS
China censors Shanghai protest videos as lockdown anger grows
Tech giant Tencent Holdings Ltd. took down two videos earlier this week of a rare protest at a Shanghai housing compound after they started trending on the company’s WeChat microblogging and video publishing platforms, according to a person familiar with the matter. The videos had been posted by users to their WeChat timelines, the person said.
BUSINESS
Oil extends drop below $100 as US plans huge reserves release
West Texas Intermediate futures dropped 0.8% in early trading Friday, and are down almost 13% for the week.
BUSINESS
Jewellers to spend more as buyers flock back to stores in India
The demand recovery has fueled gains in India’s biggest gold retailer by market value, Titan Co., which has rallied nearly 63% in the past year.
WORLD
Russia-Ukraine War | All eyes on India as it weathers this diplomatic storm
Russia’s Foreign Minister Sergei Lavrov is set to arrive on March 31, and his presence brings with it an awkward dilemma. Already accused of being on the wrong side of history on Ukraine, many will question whether New Delhi should be rolling out the welcome mat for Lavrov while the conflict, which has seen the Ukrainian city of Mariupol levelled and thousands of civilian deaths and injuries, grinds toward its sixth week.
BUSINESS
Fintech’s everywhere in India. Banks need a counterattack
Visit a mid-sized store in an Indian city, and you’d wonder if it exists to make any money. It might just as well be there to process transactions for half-a-dozen payment apps: PhonePe, Paytm, Google Pay, BharatPe, Amazon Pay, and MobiKwik.
BUSINESS
Billionaire Kumar Mangalam Birla to spend $7.2 billion on Aluminum demand bet
The company owned by billionaire Kumar Mangalam Birla will invest the amount mainly across its businesses in India and North America.
BUSINESS
Apple weighs more memory chip suppliers, including China
While Samsung and SK Hynix Inc. -- the world’s largest makers of flash memory -- are likely to pick up the slack, Apple remains keen to diversify its network and offset the risk of further disruption from the pandemic and shipping snarls, they said.
BUSINESS
Volkswagen selects banks for porsche sports car IPO
Europe’s largest automaker has picked firms including Goldman Sachs Group Inc., Bank of America Corp. and JPMorgan Chase & Co. as joint global coordinators for the proposed share sale, the people said.
BUSINESS
Biden team weighs a massive release of oil to combat inflation
The total release may be as much as 180 million barrels, the people said, speaking on condition of anonymity ahead of an official move.
BUSINESS
BP approaches state-owned Energy majors in bid to offload Russia assets
The U.K. energy giant has made preliminary approaches to China National Petroleum Corp. and Sinopec Group about the planned sale of its roughly 20% stake in Russia’s Rosneft PJSC, according to the people.
BUSINESS
Mysterious Bill Gates photo highlights Imran Khan's army crisis
The drama began four months earlier, when army chief Qamar Javed Bajwa appointed Anjum to lead the Inter-Services Intelligence, or ISI, which oversees Pakistan’s internal security.
BUSINESS
Netflix still hasn’t figured out India
The drama stood out in a country best known for romantic musicals, which was the point. The New York Times named Sacred Games one of the best foreign-made shows of the last decade, and Netflix described it at the time as its most-watched locally produced show in the country.
BUSINESS
Apple working to bring more financial services in-house
A multiyear plan would bring a wide range of financial tasks in-house, said the people, who asked not to be identified because the plans aren’t public. That includes payment processing, risk assessment for lending, fraud analysis, credit checks and additional customer-service functions such as the handling of disputes.
BUSINESS
OPEC mulls snubbing IEA oil data as political rift deepens
Ministers will discuss it on Thursday, delegates said, asking not to be named because the information is private. A technical committee representing the broader OPEC+ alliance decided already on Wednesday to replace the IEA numbers in its assessments of compliance, according to one delegate.
BUSINESS
Macquarie Considers Sale of Toll-Road Assets in India
Considerations are at an early stage and Macquarie could still decide to retain the asset for longer
BUSINESS
How Chelsea’s next owners might profit from football
Making more of Chelsea’s off-field commercial potential may make sense for the club’s buyers
BUSINESS
Yield curve is often right but for the wrong reasons
An inversion often comes before a recession, but other economic factors are at play
POLITICS
Shane Warne’s most lasting legacy may be as much in the boardroom as on the field
Shane Warne was so much more than a celebrity cricketer
BUSINESS
Pimco says curve inversion may be unreliable recession signal
The U.S. 10-year yield briefly dropped below its two-year equivalent on Tuesday for the first time since 2019, crossing at a level of about 2.39%.
BUSINESS
Russia proposes SWIFT alternative to India for Ruble payments
The plan involves rupee-ruble-denominated payments using Russia’s messaging system SPFS, the people said, asking not to be identified discussing confidential deliberations.
