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Business 12 Jan 2021 | 7:00 AM

Hedge funds head for cover as dollar rebound gathers pace

NEW YORK: The US dollar rebound is picking up pace, with signs that speculative traders are busy covering short positions after US Treasury yields surged.

Business 04 Jan 2021 | 7:00 AM

Mukesh Ambani ordered to pay fine by Indian regulator

NEW DELHI: India’s market regulator ordered billionaire Mukesh Ambani and his conglomerate Reliance Industries Ltd to pay a combined penalty of 400 million rupees (US$5.5mil) for allegedly violating share-trading rules about 13 years ago.