Business

Global Credit Giants Lose Ground to Homegrown Rivals in India

Homegrown private credit firms are wresting a growing share of India’s lending deals from global funds, armed with larger pools of capital and an increasing appetite for bigger transactions.

Raw Sugar Climbs as Indian Buying Interest Fuels Demand Hopes

Raw sugar climbed to the highest in more than a year, on signs of buying interest in India amid prospects of the country easing import duties because of tight supplies.

Founder of China’s Evergrande jailed for life after pleading guilty to fraud

The Guardian

Founder of China’s Evergrande jailed for life after pleading guilty to fraud

Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines Business live – latest updates The founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison…

The Guardian

Walmart shares slide as U.S. sales hit by falling drug prices

Walmart shares slide as U.S. sales hit by falling drug prices

The supermarket chain reported comparable U.S. sales growth of 2.6% in its second-quarter earnings, its lowest in over five years.

Treasury Action Not a Fed Game Changer for September, Says Evercore’s Guha

Krishna Guha, vice chair and head of central bank strategy at Evercore ISI, says the US Treasury Department’s move to increase its planned purchases of outstanding 10-year to 30-year debt “certainly complicates things” for Federal Reserve…

Meta’s Trial Adds a Trillion-Dollar Risk to Its Struggling Stock

Shares of Meta Platforms Inc. have been under pressure all year due to questions about its spending on artificial intelligence. But a trial accusing its social media platforms of targeting children goes beyond that, raising existential…

PGIM Inks Deal For $3 Billion of GreenSky Home Improvement Loans

Prudential Financial Inc.’s asset-management arm will purchase up to $3 billion of home improvement loans from lender GreenSky under a three-year arrangement, handing the asset manager a slice of the booming market for home upgrades and…

KKR Data Center Chief Vaults to Prominence With Nvidia Pact

When some of Wall Street’s most prominent CEOs recently appeared on TV with Nvidia Corp.’s Jensen Huang, touting their $500 billion pact to finance AI chips, one participant stood out.

Illegal 'drip pricing' could add thousands to the cost of your holiday

BBC

Illegal 'drip pricing' could add thousands to the cost of your holiday

The UK's consumer watchdog has opened an investigation into Trainline, RED Driving School, and Virgin Holidays.

BBC

ChatGPT for Teens makes vital safety strides, says expert. 'The real question is, does any of this work?'

CNBC

ChatGPT for Teens makes vital safety strides, says expert. 'The real question is, does any of this work?'

ChatGPT for Teens' new features include a reminder to take a break and various learning tools. For experts, the big question is how effective these are.

CNBC

Treasury’s bond buyback blitz may end up driving yields higher, warns JPMorgan. Here’s their investment advice.

Treasury’s bond buyback blitz may end up driving yields higher, warns JPMorgan. Here’s their investment advice.

Strategists Jay Barry and Jason Hunter are predicting fallout from the Treasury’s move that they see as not even needed.

UBS’s Baweja Says Margin Pressure Is a Risk for Stocks in 2027

Strong US earnings growth should push stocks even higher before the outlook becomes less certain in 2027, with a risk that margins come under pressure, according to Bhanu Baweja, chief strategist at UBS Group AG.