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US 10-year Treasury yield tops 19-month high as oil prices fuel rate-hike betsUS Treasury yields rose significantly, with the 10-year rate exceeding 4.75 percent. Rising oil prices and persistent inflation fueled expe...- China factory output falls second straight monthThe manufacturing purchasing managers' index (PMI) stood at 49.8 in August, according to the National Bureau of Statistics, remaining below...
- HDFC Bank CEO race: Who could be in the running to succeed Sashidhar Jagdishan?HDFC Bank is actively searching for a new chief executive officer. The bank expects to appoint an executive search firm soon. Several inter...
- Construction giant Megha Engineering's PV Krishna Reddy taps $700 million private credit to buy out uncle's shareWith lenders such as Davidson Kempner involved in structuring the deal, it marks a significant milestone in the expanding influence of priv...
- 15 seconds to decide who lives, who dies: The survivor tales of horrific Nepal flash floodsSurvivors recall a devastating flood that struck a Nepal border town. A sudden surge of water, rock, and debris caused widespread destructi...
- Nepal flood rebuilding may cost $5 billion, says billionaire Binod Chaudhary: ReportNepal floods Day 3 latest update: Nepal's infrastructure reconstruction after recent flash floods may cost at least five billion dollars. D...
- Iraq opens oil exports beyond Hormuz after months of war, eyes ship-to-ship route off OmanIraq now allows crude oil collection outside the Persian Gulf for buyers. This move comes as exports continue through the Strait of Hormuz ...
- Nvidia to start employee-funded US political action committeeCompanies often set up federal political action committees, called PACs, to donate to political candidates who are aligned with their cor...
- Advent, Stripe consortium is said to drop pursuit of PayPalThe payments company, once the crown jewel of American financial technology, received a $60.50-per-share bid from Stripe and private equit...
- SpaceX's Elon Musk, David Sacks to join Sam Altman, Jensen Huang at G20 event: BloombergElon Musk, David Sacks, Jensen Huang and Sam Altman are set to speak at next week’s Group of 20 tech meeting.
- America’s power grid can’t keep up with AI: Why hundreds of data center projects are freezingPlanned United States data center developments face significant delays and cancellations. Aging electrical grids and supply chain issues ar...
- Billionaire Agarwal’s Vedanta plans third rupee bond this yearVedanta plans to raise at least Rs 1,000 crore through rupee bonds with maturities of three to seven years, mainly to refinance debt. It wo...
- Nepal floods damage 360 MW of hydro capacity, country may turn to India for powerNepal's hydropower generation capacity has been significantly reduced by recent flash floods. This disaster has damaged several key power p...
- Tata Power shares slide 4% after company loses $490 million arbitration challenge in Singapore. What's the case about?Tata Power shares tumbled after the Singapore International Commercial Court dismissed the company’s challenge to a $490 million arbitratio...
- India’s data centre capacity hits new high as AI powers a 4x boomIndia leads Asia-Pacific data centre growth, with capacity quadrupling and substantial future projects underway. Significant investments fr...
- H-1B visa fees likely to be increased to more than $100,000 by US govt. Who will be affected?The Trump administration is proposing a $103,265 fee for H-1B petitions for workers hired within the US, adding a major cost for employers ...
- Not just MacKenzie Scott, this US billionaire has given over $1.5 billion to his alma mater Johns Hopkins University, starting with a $5 donation in 1964Michael Bloomberg’s decades-long commitment to Johns Hopkins University began with a $5 donation and has since grown into more than $1.5 bi...
- Nvidia customers notified about AI-related price hikes above 15%: BloombergThe price hikes will go into effect on systems shipped early next year and will impact systems including those with the flagship Vera Rubin...
- Cognition CEO denies SpaceX acquisitionBloomberg, citing people familiar with the matter, reported on Thursday that SpaceX had explored a deal to acquire Cognition as it looks to...
- His father had never earned more than $6000 a year. Michael Bloomberg gave Johns Hopkins $1 billion to make medical school free for most studentsMichael Bloomberg donated $1 billion to Johns Hopkins University in 2024 to expand financial aid, making medical school tuition-free for st...
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