Bloomberg
Bloomberg
Page 14 - Bloomberg
Most Adani Group dollar bonds exit distressed levels on debt promises
Among the gainers were Adani Electricity Mumbai's dollar 2031 notes, which rose 0.7 cent to 72 cents as of 1.07 pm in Hong Kong
 "Most Adani Group dollar bonds exit distressed levels on debt promises")
Luxury Swiss watches still beat stocks and crypto despite Rolex, Patek drop
The number of Rolex watches on the secondary market increased by 19 per cent in the fourth quarter alone, Morgan Stanley and WatchCharts estimated
 "Luxury Swiss watches still beat stocks and crypto despite Rolex, Patek drop")
Govts spent record $1 trillion last year subsidising fossil fuels
The splash of state cash on energy last year followed climate talks in November 2021 when world leaders pledged to end such subsidies.
 "Govts spent record $1 trillion last year subsidising fossil fuels")
Putin's war to lop $190 billion off Russia's economy in delayed reckoning
An economy Putin once wanted to make one of the world's five biggest is on a path to lose $190 billion in gross domestic product by 2026 relative to its prewar trajectory
 "Putin's war to lop $190 billion off Russia's economy in delayed reckoning")
Man behind China's 'Dream Come True' boosted balloon programme
China has a long history of fostering civil-military partnerships to make technological advances
 "Man behind China's 'Dream Come True' boosted balloon programme")
China eases overseas listing rules, paving way for IPO rebound
The CSRC reiterated that Chinese companies seeking to sell shares abroad would have to register with the regulator after a transition period
 "China eases overseas listing rules, paving way for IPO rebound")
China's Covid Zero policy broke the system that keeps its factories running
The slow return of migrant workers shows how China's economic outlook remains uncertain, despite Beijing's desire to put the chaos of Covid Zero behind it
 "China's Covid Zero policy broke the system that keeps its factories running")
Adani Group aims to tackle debt deadlines with cash, private notes
The management said on the call it was seeking to cut the group's net debt to below three times Ebitda (earnings before interest, taxes, depreciation, and amortization) next year
 "Adani Group aims to tackle debt deadlines with cash, private notes")
Indian Oil clarifies on Adani Gas deal after public scrutiny: Report
An Indian Oil spokeswoman said on Thursday that the agreement with Adani was signed very recently and there was no commitment on capacity use
 "Indian Oil clarifies on Adani Gas deal after public scrutiny: Report")
Byju's in funding talks with TPG, West Asian sovereign funds as debt weighs
Negotiations are ongoing and it's unclear if the prospective investors will go ahead with a deal, the people said, who asked not to be identified as the information is private
 "Byju's in funding talks with TPG, West Asian sovereign funds as debt weighs")
Three mystery objects shot down have no China link: Biden administration
Those fears were stoked by the series of shootdowns over Alaska, Canada and Michigan starting Friday and raised pressure on the Biden administration to explain the nature of the high-altitude craft
 "Three mystery objects shot down have no China link: Biden administration")
Amazon's self-driving car shuttles people on public roads for first time
The company said the robotaxi trip marks the first time that a vehicle designed without human controls has carried passengers on a public road
 "Amazon's self-driving car shuttles people on public roads for first time")
Adani stocks rout rattles confidence in local insurer assets, says Bain
A stock rout has wiped $127 billion off the market value of Adani's empire after a scathing report by short seller Hindenburg Research on Jan 24
 "Adani stocks rout rattles confidence in local insurer assets, says Bain")
Starbucks illegally threatened, sacked employees: US labour board rules
The dispute involves workplace activism in 2019, before the launch of the current Starbucks Workers United campaign which has reached hundreds of the company's US cafes
 "Starbucks illegally threatened, sacked employees: US labour board rules")
US inflation rises 0.5% in January, more interest rate hike likely
CPI is up 6.4% from the year-ago period; food and energy boosted the index
 "US inflation rises 0.5% in January, more interest rate hike likely")
Michigan campus shooting: Nearly three killed, suspect found dead
The suspect was a 43-year-old man who "is not affiliated in any way with MSU
 "Michigan campus shooting: Nearly three killed, suspect found dead")
OPEC chief tells climate negotiators to 'look at the big picture'
OPEC's top official said climate policies need to be more "balanced and fair."
 "OPEC chief tells climate negotiators to 'look at the big picture'")
China insists balloon for civilian use, accuses US of exaggerating dispute
The Biden administration offered details including that high-resolution imagery provided by U-2 spy planes flying past the balloon revealed an array of surveillance equipment
 "China insists balloon for civilian use, accuses US of exaggerating dispute")
Turkey earthquakes: World Bank to provide $1.78 billion for relief
The lender is offering immediate assistance of $780 million through two existing projects to rebuild basic municipal-level infrastructure
 "Turkey earthquakes: World Bank to provide $1.78 billion for relief")
Microsoft cuts jobs in HoloLens, Surface, Xbox as layoffs continue
A total of 617 workers were laid off in the Seattle area, according to a notice filed with the state
 "Microsoft cuts jobs in HoloLens, Surface, Xbox as layoffs continue")
