SEC issues summons for Gautam Adani, nephew on bribery allegations

The commission is alleging they were engaged in hundreds of millions of dollars in bribes to help an Adani company while "falsely touting the company’s compliance with antibribery principles and laws in connection with a $750 million bond offering".
24 November 2024

Bitcoin’s $100,000 moment will be a perfect storm

Trump’s team has met with industry executives to discuss creating a White House job focused on cryptocurrency policy.
24 November 2024

Adani CFO says US charges linked to only one business contract

On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by US prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
24 November 2024

Scott Bessent a credible, safe pick for Treasury: experts

Earlier this month on Fox News, Bessent defended the potential use of tariffs as a means to raise revenue for the government
24 November 2024

What forcing Google to sell Chrome could mean

Elon Musk's AI startup could conceivably be a Chrome contender, bankrolled by his riches and having the deal cleared thanks to his close working relationship with incoming president Donald Trump.
23 November 2024

Nvidia CEO says will balance compliance and tech advances under Trump

The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.
23 November 2024

Sri Lanka's president makes U-turn on IMF bailout

The $2.9 billion loan secured early last year required Colombo to sharply raise taxes, remove generous energy subsidies and agree to restructure more than 50 loss-making state enterprises.
21 November 2024

Nvidia crushes earnings expectations on AI chip demand

Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations.
21 November 2024

Adani plunges in Mumbai on founder's charges as Asian markets retreat

Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent
21 November 2024

Nokia wins 'multi-billion' dollar deal in India

Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti's network in India.
20 November 2024

UK annual inflation jumps on higher energy bills

The Consumer Prices Index reached 2.3 percent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement
20 November 2024

Bitcoin breaches $94,000 for the first time

It was last at $92,104 in Asian hours on Wednesday, having touched a record high $94,078 just toward the end of the previous session.
20 November 2024

IMF, Ukraine, reach agreement on $1.1 bn loan disbursement

The swift agreement, which comes just over two months after the last one, will provide Ukraine with a large injection of funds amid Russia's ongoing assault on the country, which entered its 1000th day on Tuesday.
20 November 2024

Trump names China hawk Howard Lutnick as US commerce secretary

Lutnick will also lead the country's tariff and trade agenda, with "additional direct responsibility for the Office of the United States Trade Representative," Trump said in a statement.
20 November 2024

Boeing announces almost 2,200 layoffs at historic sites

Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday.
19 November 2024

Can the Trump-Musk 'bromance' last?

Can the bromance between the world's wealthiest man and the soon-to-be US president survive some major policy differences and their own combustible personalities?
19 November 2024

Tata seals deal with Pegatron for iPhone plant in India's Tamil Nadu, sources say

Tata will hold 60 percent and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support
18 November 2024

Elon Musk's political rise stirs hopes for banks that financed his X purchase

Some of the lenders in the consortium, which included Morgan Stanley and Bank of America, think Musk's emergence as a close aide to Republican President-elect Donald Trump could boost the prospects of X
17 November 2024

Strong US data feeds doubts about Fed December rate cut

US central bankers continued to express faith that inflation was coming under control and would allow the central bank to lower its benchmark rate over time from the current 4.5 percent-4.75 percent range,
16 November 2024

US industrial production slump stretched in October

Industrial output fell by 0.3 percent in October after declining by a revised 0.5 percent a month earlier, the Fed said in a statement.
16 November 2024