India’s trade deficit widened to a record $30 billion in July as exports grew at a much slower pace compared to imports, data released by the commerce and industry ministry showed on Friday. Merchandise exports declined to a five-month low of $36.27 billion in July but witnessed a marginal … Read more
India’s exports rose by 2.14 per cent to $36.27 billion in July while the trade deficit almost tripled to $30 billion during the month, according to official data released on Friday. Imports shot up by 43.61 per cent to $66.27 billion in the month compared to July 2021, the … Read more
Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer orders. The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first … Read more
(Bloomberg) — Sanofi, GSK Plc and Haleon Plc extended their declines and have lost a combined $40 billion in market value since Tuesday’s close amid mounting concerns about litigations around recalled heartburn drug Zantac. Most Read from Bloomberg Sanofi fell as much as 13% on Thursday, taking its two-day decline to 20%, the steepest drop … Read more
Investments by private equity and venture capital funds into Indian entities fell by 69 per cent to USD 3 billion during July, a report said on Wednesday. The investments in July are the lowest for any month in a year, and lower than the USD 4.9 billion recorded across … Read more
Elon Musk sold nearly $7 billion worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his $44 billion deal to buy Twitter Inc. Mr. Musk, Tesla’s chief executive and largest shareholder, sold around 7.9 million shares between Friday and Tuesday, the disclosures show, leaving him with a 15% … Read more
(Bloomberg) — Elon Musk sold $6.9 billion of shares in Tesla Inc. according to regulatory filings Tuesday, just months after saying he didn’t plan to sell any more stock in the pioneering electric-car maker. Most Read from Bloomberg Tesla’s chief executive officer offloaded about 7.92 million shares on Aug. 5, according to the new filings. … Read more
Breadcrumb Trail Links PMN Business Corporations will pay nearly $296 billion more in US federal taxes over the next decade, and middle-income households will see some tax cuts, under the tax-and-climate bill that is likely to become law in the coming days. Author of the article: Bloomberg News Laura Davison Article content (Bloomberg) — Corporations … Read more
Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a volatile quarter for financial markets. The Munich-based company wrote down the value of its holdings by 908 million euros ($926 million) in the three months through June, mainly reflecting declines in the value of its … Read more
