Bloomberg

Asia stock traders hit ‘buy’ as US-China trade magic is back

The regional benchmark is heading for its biggest jump since Dec. 3, when the market reacted to Presidents Donald Trump and Xi Jinping’s famous dinner in Buenos Aires.

Markets News

Narendra Modi’s election losses and Urjit Patel’s resignation from RBI raise populism risk

Narendra Modi, the Indian prime minister, took two big blows in less than 24 hours. Investors should worry less about the bruises, and more about what he might do to recover from them before next year’s general elections.

modi, narendra modi, pm modi, 2001 parliament attack, 2001 delhi parliament attack, parliament attack december 13, december 2001 parliament attack News

Isha Ambani Wedding: ईशा अंबानी-आनंद पीरामल की शादी, क्या ये दुनिया की सबसे महंगी शादी होगी?

ईशा और आनंद की शादी 12 दिसंबर को मुकेश अंबानी के 27 मंजिला बंगले एंटीलिया में होगी.

Isha Ambani-Anand Piramal wedding to cost 722 crore rupee News

Republican calls Google most evil corporation; ‘You bet on the wrong country, Sundar’, says to Pichai

McCarthy, a California Republican once viewed as close to tech, has been a prime mover behind the hearing and accusations of political bias.

Industry News

Modi’s terrible 24 Hours boosts India opponents before 2019 Vote

In a whirlwind 24-hour span, Indian Prime Minister Narendra Modi has seen his main opponents seize back momentum ahead of the 2019 national election.

modi, narendra modi, pm modi, 2001 parliament attack, 2001 delhi parliament attack, parliament attack december 13, december 2001 parliament attack News

Urjit Patel exit adds to India’s risk as PM Modi gears up for vote

Urjit Patel’s shock exit as governor of the Reserve Bank of India dealt investors another bout of monetary policy uncertainty when they were already bracing for an electoral test of Prime Minister Narendra Modi.

Markets News

Urjit Patel’s resignation roils nervous India markets

Urjit Patel quit on Monday citing personal reasons, a decision that some investors took as a new fissure in the Reserve Bank of India’s relationship with Prime Minister Narendra Modi’s government.

Markets News

Goldman Sachs’s India CEO sees merger rush extend in 2019

Investors who are serious, mature and deep will look at the data following disruptions in 2008 and 2013 and determine when to come back in.

Markets News

Steelmaker JSW emerges as lone star among India metal stocks

Copper usage is expected to accelerate by 10 percent this fiscal year, while aluminum consumption is estimated to rise 5 percent.

Markets News

Modi government cuts Power-for-All target as deadline nears

As well, areas were considered electrified if only 10 percent of its households had power, leaving swathes of rural India still in the dark even as the village-level electrification goal was lauded as a success.

Economy News

Jio may become No 1; Airtel, Vodafone Idea have no stomach to take on Mukesh Ambani’s Reliance: Analysts

Newly merged Vodafone Idea has toppled Bharti Airtel to become India’s top operator, while Reliance Jio has quickly added subscribers to gain the No. 3 spot.

Jio tops 4G chart with 22.3 Mbps download speed in October, idea, vodafone, bharti airtel News

Elon Musk says Tesla may consider buying General Motors’ idle plants

GM CEO Mary Barra was in Washington the past two days meeting with members of Congress about her plans to close five factories in North America and lay off 14,700 workers.

Industry News

Bumpy ride: Bruised Euro-zone economy stumbles on after 2018 beating

Germany’s supposed powerhouse economy contracted over the summer, and Italy is not only shrinking but also reviving memories of the regional debt crisis.

Euro zone economy, Germany, Stoxx Europe 600, stock index, US-China trade tensions News

Yuan vs Dollar: Why China’s currency evaluation policy is a bad Kabuki play

The yuan spiked after the agreement, even as the dollar index remained essentially flat.

Economy News

Stocks Plunge: US stocks had the worst week since March

The Dow Jones Industrial Average shed over 500 points Friday, bringing its decline in the abbreviated trading week to over 1,000. The S&P finished the week down 4.6 percent.

Markets News

No crude shock: US shale industry healthy enough to ignore OPEC moves

In 2014, the U.S. oil industry’s fate seemed to rest in the hands of OPEC ministers who were flooding the market with cheap oil in a push to obliterate them.

Commodities News

Oil prices: Crude set for biggest gain since 2016 as OPEC finalises cut deal

OPEC and allies ended meetings in Vienna Friday with an agreement for the cartel to reduce output by 800,000 barrels a day and allied producers to cut by 400,000 barrels a day.

Markets News

Avengers Endgame trailer: Marvel movie moved up in crowded year for superheroes

Walt Disney Co. offered the first peek at “Avengers: Endgame” and moved up its release date, navigating a crowded year for superhero movies that may serve as the ultimate test of Marvel’s appeal.

Avengers, Avengers 4, Avengers Endgame, Avengers trailer, Avengers 4 trailer, Marvel movie, Walt Disney, entertainment news

Toxic air: Scale of India’s air pollution crisis revealed in new data

The research released Thursday found 13 per cent of India’s deaths -- one out of every eight -- could be attributed to bad air, underscoring the scale of the South Asian nation’s battle with the world’s deadliest air.

India News

Riding into trouble: Uber need not be a new Pan Am

Uber has mirrored Pan Am’s meteoric rise, driving innovations that have reduced the cost of hailing a ride to the point that almost anyone can afford it, at times even cheaper than public transportation.

Industry News

SoftBank seeks to assuage investors on pre-IPO mobile outage

The outages were caused by a problem with software supplied by Ericsson AB and impacted mobile phone users in 11 countries, including Britain and Japan, according to a statement by SoftBank.

Industry News

Volkswagen cuts costs by $6.8 bn to catch up with Tesla

To improve profitability after lagging behind mass-market peers for years, the VW nameplate will trim management ranks, slash factory costs and eliminate a quarter of engine and gearbox variants in Europe.

Car News

Elon Musk’s Boring Co to Open LA test tunnel with car elevators

Elon Musk provided a few tantalizing details about his Boring Co.’s soon-to-open Los Angeles tunnel, indicating that it will work with modified autonomous cars.

Industry News

Huawei Update: China accuses US of trying to contain its rise

The arrest of Huawei Technologies Co.’s chief financial officer in Canada provoked outrage from China at a critical point in trade talks with the U.S. Wanzhou Meng faces extradition to the U.S. over potential violations of

Industry News

Pricing trouble: Apple supplier suggests older iPhones are in demand

Broadcom reported fiscal fourth-quarter profit that topped Wall Street estimates on Thursday. Tan said "upside volumes of legacy phone generations from our North American customer" helped the wireless division.

Industry News

Space Odyssey: Elon Musk meets with NASA on SpaceX launch key to flying astronauts

Elon Musk met with a high-level NASA official about an upcoming launch that’s key to SpaceX becoming the first company flying astronauts for the U.S. agency.

Industry News

Insta hit: Internet is loving Instagram’s latest glitch

Instagram said on Thursday it was aware of an issue that’s making bars appear over photos, as some users of the social network wondered if garbled images were just an attempt at artistic expression.

Industry News
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