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Wednesday, October 2, 2024
TopicBloomberg wire

Topic: Bloomberg wire

Russia-led bloc to send troops to Kazakhstan to quell anti-government demonstrations

The protests have led the Kazakh central bank to temporarily halt financial market operations as clashes pose the biggest challenge to the central Asian country’s leadership in decades.

RBI rate hike inevitable as inflation surges, Nomura says

Nomura sees upside risks to its 5.6% full-year inflation forecast due to possible supply disruptions as states ratchet up pandemic curbs.

North Korea test-fires hypersonic missile for second time in 4 months

According to North Korea's official media, the latest test showed improvements from its last attempt. And photos of the launch were splashed in its biggest newspaper, Rodong Sinmun.

Bitcoin slumps to lowest level since December’s flash crash

The cryptocurrency dropped to as low as $42,505 in early Asia trading on 6 January; the lowest since it touched $42,296 during a weekend crash at the start of December 2021.

Ukraine army isn’t ready to stop a Russian invasion, lacks funds and arms

In the event of a war, only a massive influx of sophisticated weaponry from Kyiv’s Western backers could ensure its defense.

The UK is being consumed by Brexit more than Covid

For PM Boris Johnson, Brexit & the pandemic are morphing into a political demon slipping out of his control. Now, UK civil servants have been told to avoid the word Brexit.

Intel shows off new 12th gen laptop & graphics chips, ups effort to take on rivals

Intel announced 28 new Core mobile processors models that are as much as 40% faster than their predecessors. Its new graphics chips will be used in upcoming machines aimed at gamers.

Hong Kong bans flights from India, US, 6 other nations to curb Omicron outbreak

The two-week ban until 20 January will also apply to flights from Australia, Canada, France, Pakistan and the Philippines, Hong Kong CEO Carrie Lam says.

Adani Enterprises wins key NTPC coal tender as India aims to avoid energy crisis

Adani will deliver 1 million tonnes of coal to NTPC, which in October issued its first tender for coal imports in more than two years.

Toyota & Volkswagen are plotting the overthrow of Elon Musk, pour billions into EVs

The world’s two biggest automakers — each sold roughly 10 or 11 cars for every one Tesla did last year — realize the age of EV is here and are gaming out how to stay on top.

On Camera

Indian industry in Bangladesh is staring at a void. New Delhi must give line of credit to Dhaka

For New Delhi, SAFTA and CEPA will be critical. Such frameworks could institutionalise economic ties with Bangladesh, making them resilient to political disruptions.


Even as SEBI lays down new curbs on F&O market, discount brokerages are changing business models

SEBI Tuesday unveiled rules to curtail retail participation in derivatives market. Options premia to be collected upfront from options buyer effective 1 Feb 2025.

‘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?