Page 6 - Bloomberg

Crypto exchange Binance, its CEO sued by CFTC over US regulatory violations

Binance Holdings is the world's largest cryptocurrency exchange

Alibaba splits into six units, plans new IPOs in historic overhaul

The move frees up the Chinese company's main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and market debuts

First Solar, Avaada among winners of India's $2.4 billion green stimulus

Avaada Group, backed by Thailand's oil and gas major PTT Pcl, was also awarded a grant, according to its chairman, Vineet Mittal

Why disqualifying Congress leader Rahul Gandhi doesn't help PM Modi

In other words, no council of BJP elders appears to have met in New Delhi last week and decided Gandhi had become so great of a threat that he needed to be driven out of Parliament

First Citizens buys Silicon Valley Bank following a run on the lender

The lender said it will assume $56 billion in deposits and 17 legacy branches will begin operating Silicon Valley Bank, a division of First Citizens

South Korea to surpass China in chip machine spending next year, shows data

Korea will likely increase its investment in fab equipment by 41.5% to $21 billion in 2024 while China logs only a 2% increase to $16.6 billion

Amazon, Google scramble to keep pace with OpenAI despite huge AI teams

The numbers underscore how seriously the world's biggest technology firms have been taking their work on artificial intelligence, but also how slow and cautious they have been to create services

India mulls building LNG reserve to avoid future price hike or shortages

The government has proposed we should have more storage space for LNG so that when prices are lower we should store, and supply when there is crisis

India's shrinking current account gap provides a reprieve for Rupee

Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.8% of gross domestic product in the year starting April 1

Here's why turmoil in China's mega EV industry may spark a shake-up

The boost part, though, is looking a bit tenuous for both established and EV firms

China foreign minister says nation's recovery to benefit US companies

Qin Gang, Foreign Minister, China, welcomed US firms to keep expanding investments in China and to set roots in the country

Ageing shadow fleet carrying Russian oil poses disaster risk: Report

The aftermath of European Union sanctions on Russia mean that the Turba has been enlisted into a vast shadow fleet carrying Moscow's oil around the globe

Taiwan loses ally of eight decades after Honduras recognises China

The move comes before Tsai starts a visit this week to allies such as Guatemala and Belize, and stops in the US

Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday

China's Xi aligns with Putin against US, but hesitates on big gas deal

Xi saw an opportunity to push back at the US and buttress his image as a global statesman after helping to broker a Saudi-Iran deal, while Putin can show he has the support

Bitcoin set to extend its 70% surge this year if key charts are right

Some analysts argue the token is being viewed as a hedge against the woes in the US and European banking sectors and benefiting from expectations of looser monetary policy

How Vartika Shukla, the first female leader at EIL, is plotting change

Shukla, who's worked for the company for more than three decades, is attempting to change its profile, branching out from construction of fossil-fuel plants into new areas

Ukraine clinches $15.6 billion IMF loan, a first for nation at war

The program will be divided into two phases. In the first, lasting 12-18 months, Ukraine will take measures to strengthen fiscal, external, price and financial stability

Silicon Valley Bank Financial must wait to get back $2 billion from FDIC

The FDIC's decision to lock down the $2 billion creates jeopardy in the bankruptcy case, said Tom Lauria, a lawyer representing a large bondholder, Appaloosa LP

Silicon Valley Bank's loans to insiders tripled to $219 mn before it failed

The surge in loans to high-up figures may draw scrutiny as the Federal Reserve and Congress investigate the breakdown of Silicon Valley Bank, the biggest US bank collapse in more than a decade