India’s largest mortgage financier used an unusual trade to hedge some of its borrowings against interest rate volatility as it sought to expand its range of tools to manage risk, according to people familiar with the matter.

Covid-19 cases in China jumped to a three-month high, with almost half of the 1,993 infections reported nationally for Wednesday coming from Hainan island where tourists had thronged in search of respite.

Sanya, a beach resort town in Hainan, saw infections triple in a day to 1,254 for Wednesday. It’s the first time the daily number of cases in any Chinese province or city has exceeded 1,000 since May, when an outbreak

There’s a new way to cope with the guilt of firing your employees -- a LinkedIn post letting your network know you feel miserable about it.

Braden Wallake, the chief executive officer of a Columbus, Ohio-based marketing agency called HyperSocial, wrote a guilt-filled post Tuesday about laying off employees that concluded with a teary-eyed selfie. After the post went viral, he declared himself “the crying CEO.”

ABS-CBN will buy shares in TV5 for 2.16 billion pesos ($38.9 million), the companies said in a statement released Thursday. The stake of media conglomerate

House Speaker Nancy Pelosi said the US couldn’t let China establish a “new normal” around Taiwan, hours after Beijing announced plans for regular military patrols near the democratically governed island. 

Pelosi told a news briefing Wednesday in Washington that Chinese leaders had been “trying to push their way” toward their goals on Taiwan before she led a congressional delegation there last week. The California Democrat was responding to a question about whether China would continue exercises near Taiwan, after conducting its most significant military drills near the island in decades, including likely firing ballistic missiles over Taipei.

If success has many fathers, then a crypto exchange in the eye of a money-laundering storm has become an orphan.

After Indian law enforcement froze $8 million in WazirX assets, Binance Chief Executive Officer Changpeng Zhao denied owning the country's largest crypto exchange. Binance’s November 2019 blog post, which had announced the takeover, now comes with a

Billionaire investor Mark Cuban, owner of the Dallas Mavericks basketball team, said that while buybacks are “everything wrong with what companies do,” the decision to place a levy on them is the top of the list of bad taxes.

Cuban -- with a net worth of $5.9 billion, according to the Bloomberg Billionaires Index -- made the comments on Twitter late Wednesday after the US Senate last week agreed to a

An expansion of the Atlas and Roma North projects in the Surat Basin will lift the supplier’s annual output to 60 petajoules a year by 2025, and deliver additional fuel into the domestic market within two years, Brisbane-based Senex said in a

Several Chinese provinces pledged to meet their growth goals for the year even as top leaders downplayed the national target of “around 5.5%” after repeated Covid outbreaks and a property market slump.

At least 10 local governments explicitly said they will strive to hit their gross domestic product targets, and at least another seven said they’ll keep the goals in mind and do their best, an analysis of official reports published by the provinces shows. Several others pledged efforts to stabilize the economy.

More than 100 retailers have written a joint letter to Police and Crime Commissioners in England and Wales expressing concerns about rising levels of abuse and anti-social behavior toward staff, according to a statement Thursday from the British Retail Consortium, which is coordinating the effort. 

Women who follow a vegetarian diet have a higher risk of breaking their hips in later life, a new study suggests.

Researchers said vegetarian diets "often have lower intakes of nutrients that are linked with bone and muscle health" after their study found female vegetarians had a 33% increased risk of hip fracture compared to regular meat eaters.

The broker lowered its recommendation to hold after the Sydney-based bank’s earnings on Wednesday, citing slowing credit growth and rising expense pressures. While Commonwealth Bank posted an 11% jump in profit, it cautioned that steeper borrowing costs and inflation were hitting consumer demand.

South Korea’s technology exports declined for the first time in more than two years in July, in a sign that global demand is cooling as concerns mount about the outlook for the world economy. 

Exports of information and communications products edged down 0.7% from a year earlier, after a 6.8% gain in June, trade ministry data showed Thursday. Memory chips, produced by firms like

The company reported net profit after tax and non-controlling interest of S$1.1 billion ($803 million) in the first six months of the year, reversing a net loss of S$32.1 million in the same period last year, it said in a statement Thursday. Revenue increased 23.5% to S$1.5 billion.

Ryanair's trademark one euro and 10 euro fares will not be seen for a "number of years" due to soaring fuel prices, the budget airline's boss has said.

In an interview with BBC Radio 4's Today programme, Michael O'Leary said he expected Ryanair's average fare to rise by about 10 euros over the next five years, from around 40 euros (£33.75) last year to roughly 50 euros by 2027.

New Zealand’s housing market decline gathered pace in July, with a key gauge of property prices recording its first annual drop in 11 years.

The Real Estate Institute’s price index slid 2.9% from a year earlier, the first fall since 2011, the group said Thursday in Wellington. On a monthly basis, the gauge has dropped for the past five months straight. 

Cisco said it became aware of a potential compromise on May 24, and disclosed it on Wednesday after the hacker

Pharmacists have sounded the alarm over medicine shortages, with half believing patients have been put at risk, according to a survey.

A poll of 1,562 UK pharmacists for the Pharmaceutical Journal found that more than half (54%) believed patients had been put at risk in the last six months due to shortages.

The UK housing market came under further pressure from the cost-of-living crisis in July as sales and buyer demand fell, and agents turned increasingly gloomy on the outlook, the Royal Institution of Chartered Surveyors said.

The closely-watched survey showed sales expectations for the next 12 months are at the lowest level since March 2020, and new buyer inquiries fell for a third month -- the longest run since the early days of the pandemic. Measures of current sales also fell.

The City of London’s yawning class divide threatens its productivity and competitiveness, according to a report that criticized the sector as “deeply unrepresentative of the wider UK population.” 

Just 21% of senior roles are filled by employees from working class backgrounds, according to the financial center’s Socio-Economic Diversity Taskforce, which polled more than 9,000 employees across 49 finance firms. Employees from working-class backgrounds are twice as likely to say their background has negatively impacted their career in the City.

After at least four people drowned in basement homes during the worst storm to lash Seoul in more than a century, South Korea’s capital city is planning to phase out such dwellings that came to symbolize yawning inequality in the Oscar-winning film “Parasite.”

Seoul is considering banning construction of underground and semi-underground houses after coordination with the government, according to a statement Wednesday. Landlords will be given 10 to 20 years to remove such structures known as “banjiha” homes from existing buildings. As of 2020, about 5% or 200,000 homes in the city were basement or half-basement flats, according to the Seoul Metropolitan Government. 

The rally that sent the S&P 500 to a three-month high and the Nasdaq 100 more than 20% above its June bottom was fueled by bets that the Federal Reserve may turn less hawkish on interest rate hikes. Yet market observers cautioned that policy makers will want to see months more of evidence that price gains are slowing before they change their view. 

Gold was steady in Asia as investors digested the impact of cooler inflation in the US on the Federal Reserve’s monetary tightening path.

Bullion initially jumped on Wednesday after the US consumer price index