scorecardresearch
Friday, October 4, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Biden, Putin agree in principle to France’s proposal on diplomatic summit over Ukraine

Moscow continues to deny it plans to invade Ukraine and says it is already pulling troops back from areas near the border, though the US has disputed that claim.

Emerging Asian countries, including India, running out of room to keep monetary policy on pause

The Reserve Bank of India’s move last week to keep the rates unchanged surprised markets, which had expected the bank to raise them to begin policy normalization after Covid.

Mark Zuckerberg still has too much control of Facebook

While founders of Microsoft, Alphabet Inc. and Uber Technologies Inc. have stepped aside, Zuckerberg who founded Facebook 18 years ago, still controls 58% voting shares & remains chairman.

Global investors turning bearish on Indian bonds as index inclusion stalls

PineBridge Investments and Lombard Odier expect bonds to decline after budget didn’t address tax changes needed for sovereign debt to be listed on the Euroclear platform.

Bitcoin drops below $41,000 over rising tensions between Russia and Ukraine

The biggest cryptocurrency on market dipped 7.4%. Ether, the second-largest token fell 8.2% and Polkadat, also known as altcoins, led to a downturn in smaller-cap tokens.

India’s digital-coin exchanges see bonanza as Modi govt levies 30% crypto tax

The countries largest crypto bourse Binance-owned WazirX has seen daily sign-ups on its platform jump almost 30% since 1 February. At rival CoinSwitch, the daily increase was 35%.

Disquiet is the new quiet Putin wants now

Vladimir Putin says he wants to resolve the crisis 'immediately by peaceful means' but he also decried Ukraine’s actions in Russian-backed breakaway regions as 'genocide'.

RBI’s dovish inflation view pushes back India tightening call for low interest rates

Citigroup sees RBI lifting repo rate no earlier than October, versus its earlier August prediction. HSBC shifts to July-September from April-June, and Barclays moves to August from April.

Fear of recession looms as central banks move to hike interest rates

There's little dispute that higher interest rates are coming, or that they are warranted. However, European Central Bank President Christine Lagarde warned rushing could be harmful.

Social media companies would be liable for harm to kids under new proposal in US Senate

Measure follows months of congressional discussions about harms of social media to young people, which were accelerated by documents disclosure by a Facebook whistle-blower.

On Camera

I met Hezbollah leader Hassan Nasrallah in 2005. He told me he was an admirer of MK Gandhi

Shuttle diplomacy at a high level is indicated, along the lines of the famous Kissingerian shuttles following the 1973 Arab-Israeli war.

#ByeByeAP to #LuluBackInAP: Naidu’s moves to make Andhra ‘business friendly’ & woo back investors

The Jagan Reddy govt has been accused of scuppering various investment deals. Under Naidu, the govt, is trying to make AP a top investment destination, officials and industrialists say.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?