The Reserve Bank of India raised trading targets for the country’s bond market makers in a bid to boost liquidity, driving a surge in activity in the 10-year benchmark security, according to people familiar with the development. Each of the 21 primary dealers must trade at least 4 trillion rupees ($41.8 billion) of bonds in the financial year starting April, up 48% from last year’s target, the peo...
The Reserve Bank of India raised trading targets for the country’s bond market makers in a bid to boost liquidity, driving a surge in activity in the 10-year benchmark security, according to people familiar with the development. Each of the 21 primary dealers must trade at least 4 trillion rupees ($41.8 billion) of bonds in the financial year starting April, up 48% from last year’s target, the people said, asking not to be identified as the matter is private. The RBI notified primary dealers of the targets in writing, the people said. The higher quotas are already feeding through to market activity. Daily trading volumes in the 10-year bond — the nation’s most liquid debt security — jumped 40% since April compared with March, data compiled by Bloomberg show. Total bond trading rose 15% over the same period. The move underscores the RBI’s push to deepen liquidity in sovereign debt, a priority Governor Sanjay Malhotra highlighted this month. That may keep volumes elevated through the year, helping cushion the market as investors contend with volatility from swings in the rupee and global oil prices. India Considers Reducing Taxes on Bond Investments by Foreigners India Is Said to Plan New Platform for Bond Derivative Trades The central bank sets these goals for primary dealers at the start of April as part of its operational guidelines. They are determined as a percentage of average trading volumes over the previous three years. A spokesperson for the RBI did not respond to request for comment. The Primary Dealers’ Association of India didn’t immediately reply to an emailed request for a comment.
(Bloomberg) -- Alphabet Inc. sold ¥576.5 billion ($3.6 billion) of bonds in the biggest ever yen deal by a non-Japanese company as competition to fund data centers and AI infrastructure intensifies.Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It W...
(Bloomberg) -- Alphabet Inc. sold ¥576.5 billion ($3.6 billion) of bonds in the biggest ever yen deal by a non-Japanese company as competition to fund data centers and AI infrastructure intensifies.Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Xi Tells US CEOs on Trump Visit That China Will Open Up MoreTrump Says China Offered Help
From Nike Mind, with its pre-game benefits, to recovery shoes from Hoka, bulbous sporty footwear is moving into fashionable circles. Will we see it beyond the jogging track this summer? • Don’t get Fashion Statement delivered to your inbox? Sign up here When the much-hyped Nike Mind shoes were released in January, I bought a pair. I was grabbed by the idea that the orange nodules on the sole could...
From Nike Mind, with its pre-game benefits, to recovery shoes from Hoka, bulbous sporty footwear is moving into fashionable circles. Will we see it beyond the jogging track this summer? • Don’t get Fashion Statement delivered to your inbox? Sign up here When the much-hyped Nike Mind shoes were released in January, I bought a pair. I was grabbed by the idea that the orange nodules on the sole could , supposedly, focus the mind. The futuristic look of the shoe also appeals. If walking on knobbly things took a bit of getting used to, it was worth it – if only for that irresistible fashion smugness of having something rare. In the last week, I have been stopped in the street and asked where I got the shoes. It turns out they are now out of stock and have sold for over £300 on resale site Goat. The Mind is part of a wider trend in “exercise slides”, a pre-game shoe designed to ground you ahead of your chosen activity. Nike claim that the 22 nodules on the sole stimulate the mechanoreceptors on your feet, engaging the sensory area of your brain, meaning focus is heightened. Meanwhile, recovery slides made by brands such as Hoka and Oofos use cushioned soles and a shape that cradles the foot to helpfight foot fatigue after a lot of exercise. The Mind are worn by footballers including Erling Haaland and Reece James, runner Keely Hodgkinson and basketball players Victor Wembanyama and A’ja Wilson, while ballerina Francesca Hayward namechecks Hoka’s slides as part of her daily routine. Continue reading...
A battered economy, huge numbers of casualties and very little territorial gain – it’s no wonder even stalwart Putin supporters are showing signs of disquiet Rajan Menon is professor emeritus of international relations at Powell School, City University of New York On 9 May, Russia held its iconic annual Victory Day parade to honour the sacrifices of its soldiers and civilians during its four-year ...
A battered economy, huge numbers of casualties and very little territorial gain – it’s no wonder even stalwart Putin supporters are showing signs of disquiet Rajan Menon is professor emeritus of international relations at Powell School, City University of New York On 9 May, Russia held its iconic annual Victory Day parade to honour the sacrifices of its soldiers and civilians during its four-year war against Nazi Germany. When the president, Vladimir Putin, invaded Ukraine on 24 February 2022, he didn’t anticipate a fight that would last longer than the Red Army’s epic struggle against the Wehrmacht. But his war drags on. Worse, it’s failing and threatening his grip on power. Despite Putin’s boasts about Russian troops advancing on every front, even pro-war military bloggers are criticising military mismanagement . Some say the momentum favours Ukraine and at least one warns that Russia could lose . With the frontline stalled, an estimated 1.3 million Russian troops dead or wounded, and ordinary Russians under increasing economic pressure, the war Putin believed would produce his crowning achievement may prove to be his undoing. Rajan Menon is professor emeritus of international relations at Powell School, City University of New York, and senior research fellow at Columbia University’s Saltzman Institute of War and Peace Studies Continue reading...
Philip Morris claimed it wanted to end cigarette sales, but experts and campaigners say new promotions seem designed to attract younger consumers Anti-tobacco campaigners have condemned a global advertising campaign for Marlboro by Philip Morris International (PMI), saying the company is being duplicitous in claiming it wants to end cigarette sales. The “I AM Marlboro” campaign – which experts on ...
Philip Morris claimed it wanted to end cigarette sales, but experts and campaigners say new promotions seem designed to attract younger consumers Anti-tobacco campaigners have condemned a global advertising campaign for Marlboro by Philip Morris International (PMI), saying the company is being duplicitous in claiming it wants to end cigarette sales. The “I AM Marlboro” campaign – which experts on the tobacco industry said appeared designed to attract young people – includes billboards, TV ads and online content. Continue reading...
Bring a taste of Thailand into your home with sweet, creamy, sticky coconut rice served with fragrant mango Known as khao niao mamuang , this sweet, creamy coconut rice with ripe mango is one of Thailand’s most beloved desserts. The rice used is sweet glutinous rice, which is sometimes labelled sticky rice – a short-grain variety that turns tender, glossy and slightly chewy when steamed. Folded th...
Bring a taste of Thailand into your home with sweet, creamy, sticky coconut rice served with fragrant mango Known as khao niao mamuang , this sweet, creamy coconut rice with ripe mango is one of Thailand’s most beloved desserts. The rice used is sweet glutinous rice, which is sometimes labelled sticky rice – a short-grain variety that turns tender, glossy and slightly chewy when steamed. Folded through warm coconut milk and served with slices of fragrant mango, it’s a simple but beautiful pudding. Don’t forget the salt, though; it is essential to balance the richness. Serve warm or at room temperature. Continue reading...
Study of samples from seven winters suggests neurotoxic metal coming from wood itself rather than old paint Wood heating is reintroducing lead into the air of local communities and homes, a systematic investigation by academics has found. Overwhelming evidence of lead’s neurotoxicity meant the metal was banned as an additive in petrol more than 25 years ago. The research by academics from the Univ...
Study of samples from seven winters suggests neurotoxic metal coming from wood itself rather than old paint Wood heating is reintroducing lead into the air of local communities and homes, a systematic investigation by academics has found. Overwhelming evidence of lead’s neurotoxicity meant the metal was banned as an additive in petrol more than 25 years ago. The research by academics from the University of Massachusetts Amherst began by analysing samples of particle pollution from five suburban and rural towns in the north-east US. They looked for tiny particles of potassium that are given off when wood is burned and also particles containing lead. Continue reading...
The political editor, Tom McIlroy , and the economics editor, Patrick Commins , speak with Jim Chalmers about the criticisms that his ‘reforming’ and ‘ambitious’ budget, while historic, stands to benefit only a relatively small number of Australians. The treasurer also explains why the budget didn’t include an increase in tax for gas exports, and how this government is putting forward an economic ...
The political editor, Tom McIlroy , and the economics editor, Patrick Commins , speak with Jim Chalmers about the criticisms that his ‘reforming’ and ‘ambitious’ budget, while historic, stands to benefit only a relatively small number of Australians. The treasurer also explains why the budget didn’t include an increase in tax for gas exports, and how this government is putting forward an economic strategy to address the anxieties that lead voters to turn to populism on the right Read more: Continue reading...
Butterfly Conservation poll is open until 7 June with choice of 60 species from small tortoiseshells to purple emperors Will it be the rapidly disappearing former garden favourite, the small tortoiseshell? Or the poet John Masefield’s “oakwood haunting thing” , the charismatic purple emperor? Or perhaps the brimstone, the ultimate harbinger of spring ? The question of which is Britain’s favourite ...
Butterfly Conservation poll is open until 7 June with choice of 60 species from small tortoiseshells to purple emperors Will it be the rapidly disappearing former garden favourite, the small tortoiseshell? Or the poet John Masefield’s “oakwood haunting thing” , the charismatic purple emperor? Or perhaps the brimstone, the ultimate harbinger of spring ? The question of which is Britain’s favourite butterfly is being put to a popular vote for the first time. The charity Butterfly Conservation is running the poll, which runs until 7 June, giving people the chance to choose their favourite from the 60 species that fly around Britain every summer. Continue reading...
Lyric Hammersmith, London The dissolute aristocrats from 1895 remain sharply funny, and bitingly relevant, in this flamboyant new spin Oscar Wilde’s comedy was billed as a “play of modern life” when it premiered at the Haymarket theatre in London in 1895. It is just as modern now in its central, chiming theme: the clandestine corruptions of outwardly squeaky-clean members of parliament. Sir Robert...
Lyric Hammersmith, London The dissolute aristocrats from 1895 remain sharply funny, and bitingly relevant, in this flamboyant new spin Oscar Wilde’s comedy was billed as a “play of modern life” when it premiered at the Haymarket theatre in London in 1895. It is just as modern now in its central, chiming theme: the clandestine corruptions of outwardly squeaky-clean members of parliament. Sir Robert Chiltern (Chiké Okonkwo) is the apparently upstanding minister and “ideal husband” to Lady Chiltern (Tamara Lawrance) but his past bears the illicit selling of a cabinet secret to a baron. This threatens to ruin him if he does not appease the blackmailing Mrs Cheveley (Aurora Perrineau). Continue reading...
OpenAI ( OPENAI ) CFO Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure computing power to meet surging AI demand. OpenAI’s recent $122B round has given the company “a lot of optionality,” Friar told Bloomberg TV in an interview, but added that future fundraising will depe...
OpenAI ( OPENAI ) CFO Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure computing power to meet surging AI demand. OpenAI’s recent $122B round has given the company “a lot of optionality,” Friar told Bloomberg TV in an interview, but added that future fundraising will depend on demand, revenue growth, cash flow, and the gap between the computing power OpenAI needs and what it can afford. She also said public markets could be an attractive fundraising avenue over time because they are “significantly bigger” than private markets and could allow the company to tap a wider range of financing options. More on OpenAI Wall Street Lunch: UAE Blindsides Oil Market With OPEC Exit Plan Wall Street Lunch: OpenAI Loosens Exclusivity In Revised Microsoft Pact Nadella's Flip-Flop Calif. Gov. proposes new tax targeting cloud-based software sales OpenAI launches mobile access for Codex coding assistant
(RTTNews) - Subaru Corp. (FUJHY, 7270.T), a Japanese manufacturer of automobiles and aerospace products, reported Friday sharply lower profit in fiscal 2026, despite higher revenues. Further, the company issued outlook for fiscal 2027, expecting significantly higher profit with i
(RTTNews) - Subaru Corp. (FUJHY, 7270.T), a Japanese manufacturer of automobiles and aerospace products, reported Friday sharply lower profit in fiscal 2026, despite higher revenues. Further, the company issued outlook for fiscal 2027, expecting significantly higher profit with i
Stellantis NV and Dongfeng Motor Corp. agreed to jointly make Jeep vehicles in China, deepening a recently rekindled partnership that started more than three decades ago. The Dongfeng Peugeot Citroën Automobile Co. venture is expected to start production of two Jeep off-road new-energy vehicles, and two Peugeot vehicles from 2027 in Wuhan, according to a statement . They’ll be sold in China and ov...
Stellantis NV and Dongfeng Motor Corp. agreed to jointly make Jeep vehicles in China, deepening a recently rekindled partnership that started more than three decades ago. The Dongfeng Peugeot Citroën Automobile Co. venture is expected to start production of two Jeep off-road new-energy vehicles, and two Peugeot vehicles from 2027 in Wuhan, according to a statement . They’ll be sold in China and overseas, it said. The project will involve investments of more than 8 billion yuan ($1.2 billion), of which Stellantis is expected to contribute about €130 million ($151 million), according to the statement. Stellantis said last month that it would start making Peugeot cars with Dongfeng, reviving a partnership that began in the early 1990s, when PSA Group — a predecessor to Stellantis — formed a venture with the Chinese company to access the growing market. In recent years though, sales and output shrunk dramatically due to rising competition.