BUSINESS
Japanese PM Ishiba’s BoJ pick would put two women on board for first time
Prime Minister Shigeru Ishiba’s government nominated female economist Junko Koeda to replace Seiji Adachi on the BOJ policy board, according to a statement distributed by a parliamentary committee Tuesday.
BUSINESS
World’s richest people lose $108 billion after DeepSeek selloff
Tech-sector titans as a group saw $94 billion of wealth evaporate — roughly 85% of the Bloomberg index’s total decline.
BUSINESS
Japan leads Asia stock losses as AI slide extends
Large technology firms paced declines, with Advantest Corp. sliding as much as 11% in Tokyo and SoftBank Group Corp. slumping 6%.
BUSINESS
DeepSeek’s AI model tests limits of US restrictions on Nvidia chips
On Monday, US lawmakers called on the new administration of President Donald Trump to impose stricter export curbs to keep China from achieving further gains in artificial intelligence.
BUSINESS
Nvidia’s $465 billion DeepSeek rout is largest in market history
The latest AI model of DeepSeek, released last week, is widely seen as competitive with those of OpenAI and Meta Platforms Inc
BUSINESS
Airline amenities grow ever more luxurious for those who can pay
With so many carriers having overhauled their aircraft interiors and premium seats, airlines are now upgrading some of the finer points of their front-cabin services, such as amenity kits and meals.
BUSINESS
JPMorgan names India investment bank leaders as Navin Wadhwani leaves
JPMorgan has elevated Nitin Maheshwari and Ravi Shankar as co-heads of investment banking for India, according to a memo seen by Bloomberg News, the contents of which were confirmed by a spokesperson for the bank.
BUSINESS
Asian stocks up early as tariffs remain in focus
Global markets rebounded last week as fears a global trade war would erupt in the first days of Trump’s presidency were assuaged after the President avoided placing immediate import levies on goods from Mexico, Canada and China.
BUSINESS
Bond traders shift focus to Fed as Trump shadows the outlook
The US central bank is widely expected to hold interest rates steady at the end of its two-day meeting on Wednesday, marking the first pause in the rate-cutting cycle it kicked off in September.
BUSINESS
China boosts index investments in latest bid to revive market
The regulator set a goal of strengthening the asset allocation function of index funds and providing more convenient channels for medium- and long-term funds to enter the market.
BUSINESS
Trump slaps Colombia with 25% tariffs, sanctions in migrant dispute
Trump’s abrupt tariff announcement rattled global markets Monday after investors were lulled into a false sense of security when he refrained last week from immediately imposing tariffs on major trading partners including China.
BUSINESS
Wall Street’s big hope is Donald Trump pulls his punches on immigration
While the Trump administration declared a national emergency at the southern border and started sending deportees back to Central America, it has so far held off on mass deportation
BUSINESS
Apple enlists company veteran Kim Vorrath to help fix AI and Siri
The move helps bolster a team that’s racing to make Apple a leader in AI — an area where it’s fallen behind technology peers.
WORLD
S&P 500 sees best start for a US President since 1985
Equities hovered near all-time highs on Friday, with the S&P 500 climbing about 2% this week
WORLD
Trump’s WHO exit threat triggers hiring freeze, cost cuts
The US withdrawal “has made our financial situation more acute,” WHO Director General Tedros Adhanom Ghebreyesus told staff in an email
BUSINESS
Highest liquidity gap in decade spurs speculation about RBI hand
The RBI has been selling dollars through the past year to support the sliding rupee
BUSINESS
China’s Sany Heavy considering stake sale in India business
The company has held talks with prospective financial advisers as it evaluates a stake sale in Sany Heavy Industry India, people said, asking not to be identified because the process is private.
BUSINESS
Trump says he would ‘rather not’ have to impose tariffs on China
Trump has wielded tariffs as a frequent threat against friends and adversaries, and for the US promised additional revenue from them would help fund his domestic priorities.
BUSINESS
Emerging market currencies get relief rally from softening Trump threats
Emerging currencies are rebounding after suffering their worst quarterly drop since September 2022 in the final months of 2024 as traders priced expectations of a widespread trade war and a more hawkish Federal Reserve amid inflationary pressure in the US.
WORLD
Purdue, Sackler family reach new $7.4 billion opioid accord
The deal comes after the US Supreme Court last year rejected a $6 billion pact that would have protected the Sacklers, Purdue’s owners, from any further litigation related to the addiction crisis
WORLD
Trump blasts EU regulators for targeting Apple, Google, Meta
The EU has established a reputation globally for its aggressive regulation of major technology companies
WORLD
CNN cuts 6% of jobs in strategy pivot to focus on streaming
Chief Executive Officer Mark Thompson told staff that Warner Bros. will invest $70 million to help support CNN’s pivot
WORLD
TikTok weighs non-sale options, ByteDance’s Ford says
The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation
WORLD
Trump surprises Davos, alleges top US banks reject conservatives
The exchange occurred during a virtual question and answer session on the stage of the World Economic Forum in Davos, Switzerland, drawing gasps from the audience
