BUSINESS
Record foreign exchange reserves boost RBI’s firepower to shield rupee
A larger reserve buffer gives the central bank more firepower to defend the rupee. The currency is the worst performer in emerging markets this year, weighed down by outflows from equities and a delay in clinching a trade deal with the US
BUSINESS
Groww among bidders for Prudential's India Asset Management firm
Global asset managers are investing in India to take advantage of its ongoing equity boom
BUSINESS
Copper sinks as frenzy in China ebbs at close of turbulent week
Benchmark three-month futures dropped almost 4% to near $13,000 a ton on the LME, after peaking above $14,500 on Thursday
BUSINESS
London Metal Exchange trading glitch caps wild week for global metals traders
Trading pauses or delays are not entirely unheard of across global exchanges.
BUSINESS
Donald Trump’s deal to avert major shutdown set to miss funding deadline
While a short funding lapse and partial government shutdown is now seen as the most likely scenario, the effect on federal operations would be minimal if it’s swiftly resolved within a couple days
BUSINESS
Elon Musk’s SpaceX said to consider merger with Tesla or xAI
Any transaction could attract sizeable interest from infrastructure funds and Middle Eastern sovereign investors, some of the people said. A deal could also potentially require a large financing component, a person with knowledge of the matter said.
BUSINESS
Dollar, US yields rise as Donald Trump prepares to nominate Kevin Warsh for Fed Chair
US 10-year yields climbed three basis points and 30-year rates jumped five basis points, while the Bloomberg Dollar Spot Index rallied 0.4%.
BUSINESS
Apple's upbeat forecast clouded by fears about rising costs
Revenue during the holiday season trounced Wall Street estimates, driven by strong demand for the new iPhone 17, growth in services and a rebound in China.
WORLD
US President Donald Trump sues IRS, Treasury for $10 billion for tax-return leak
The suit was filed Thursday in Miami federal court by Trump, his sons Donald Jr. and Eric, and the Trump Organization, which manages the president’s real estate holdings
WORLD
US issues licence for oil companies to operate in Venezuela
The licence issued by the US Treasury Department Thursday covers a variety of activities that could expedite the movement of Venezuelan crude, including exporting, selling, storing and refining that oil, as long as the work is performed by a US entity
BUSINESS
Gold’s record inflows from Asian ETFs seen by some as warning
The price of bullion has skyrocketed is recent weeks, with the yellow metal advancing more than 20% since the start of January, despite a pullback on Friday
BUSINESS
Gautam Adani hires top Wall Street lawyer in sign SEC case will advance
India’s second-richest person recently tapped Robert Giuffra Jr., to be his lawyer in the SEC’s lawsuit, court filings show. Giuffra is also working on President Donald Trump’s bid to overturn his criminal conviction.
BUSINESS
Amazon in talks to invest $50 billion in OpenAI, expand ties
OpenAI is also weighing a deal in which Amazon would use the startup’s artificial intelligence models, which power the popular ChatGPT chatbot, in its products and platforms, a person with knowledge of the matter said
WORLD
Trump says Venezuela airspace to reopen after Rodriguez call
Trump also said that major US oil companies are going to the South American country to scout out projects
WORLD
Trump says Putin vowed to halt Ukraine strikes due to cold
Trump said leadership in Ukraine 'almost didn’t believe it' but was 'very happy' with the Russian leader’s pledge
BUSINESS
Trump says he will unveil Fed chair nominee next week
The Fed kept borrowing costs on hold Wednesday, a decision that rankled Trump
BUSINESS
Gold retreats in sudden selloff after breaking through $5,500
The precious metal had climbed more than 20% just this month, with some technical indicators pointing to a near-term price correction.
WORLD
Trump, Democrats close to immigration deal to avert shutdown
Without an agreement, government funding will lapse on Saturday for much of the federal government
BUSINESS
Oracle’s value is cut in half from 2025 peak as AI caution rises
The stock’s decline has erased about $463 billion in market value from a record hit on September 10
BUSINESS
China’s metals mania sends copper soaring past $14,500 a ton
Prices gained as much as 11% to trade above $14,500 a ton for the first time ever, before a sharp retracement on Thursday afternoon as the dollar jumped.
WORLD
ICE set to dial back Minnesota presence after Maine pullback
Tom Homan, the administration’s 'border czar,' said that officials from Customs and Border Protection and Immigration and Customs Enforcement are working on a 'draw down plan'
WORLD
ICE blasted by Minneapolis judge for violating 96 orders
The judge issued the finding in one of dozens of lawsuits filed by individuals seeking to be released from detention
BUSINESS
Bitcoin drops below $85,000 as traders retreat from risk assets
The largest cryptocurrency slipped as much as 5.7% to $84,233, the lowest price since December 1
BUSINESS
US tech stocks fall as traders weigh billions in AI spending plans
The tech-heavy Nasdaq 100 Index fell 1.97% at 10: 45 a.m. in New York as Microsoft plummeted 11.84%, the most since 2020
