WORLD
US retail sales broadly advance, capping a solid holiday season
The retail data showed so-called control-group sales — which feed into the government’s calculation of goods spending for gross domestic product — increased 0.7% in December, the most in three months
BUSINESS
BP set to eliminate thousands of jobs in turnaround plan: CEO Murray Auchincloss
BP shares rose by 1.6% to 429.90p as of 11:05 a.m. in London, outperforming most European energy peers of the Stoxx Europe 600 Energy Index, which rose 0.2%.
BUSINESS
RBI said to mull bolder measures to ease cash crunch
The Reserve Bank of India may add lasting liquidity via tools including open market bond purchases, long-term foreign exchange swaps or a further cut in the amount of cash lenders must keep with the authority
BUSINESS
The downfall of India's hot startup Byju's is wiping out US debtholders
When debt holders tried to recover over half a billion dollars from Byju’s US accounts, they came up empty after it was whisked out of their reach through a Miami hedge fund, records show.
WORLD
Wall Street has best CPI day since at least 2023
A surge in Treasuries pushed 10-year yields down by almost 15 basis points — easing fears that a 5% rate would be on the horizon.
BUSINESS
Asian stocks gain after US core inflation cools
The S&P 500 closed Wednesday 1.8% higher, the benchmark’s best day since the November election, which erased its 2025 decline. The tech-heavy Nasdaq 100 climbed 2.3%.
BUSINESS
Short seller Nate Anderson says he’s disbanding Hindenburg
“There is not one specific thing — no particular threat, no health issue and no big personal issue,” Anderson wrote in a letter.
BUSINESS
Chinese trade surplus soars to $1 trillion ahead of Trump return
Strong demand from overseas has helped provide growth for a domestic economy weighed down by a yearslong housing crisis.
BUSINESS
Vedanta creditors said to meet in February to approve split
If approved, the proposal will then be taken to shareholders for their green light.
BUSINESS
Musk accused by SEC of bilking Twitter investors out of millions
The agency’s complaint, which was immediately disputed by a lawyer for Musk, accuses the billionaire of failing to promptly report that he had amassed more than 5% of the social-media platform’s stock in early 2022 — a revelation that would have sent the stock’s price up.
BUSINESS
Asian stocks gain ahead of US CPI, dollar steadies
The muted sentiment is in contrast to optimism that swept across Asia in the previous session, buoyed by a report that Donald Trump’s incoming team is considering gradual tariff hikes.
WORLD
Boeing’s 2024 deliveries tumble 35% as strike, blowout take toll
The US planemaker handed over 348 jets, less than half its European rival Airbus SE’s 766-aircraft tally, and about a third fewer than in the prior year
TECHNOLOGY
Meta to cut roughly 5% of staff, targeting lowest performers
As of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs
BUSINESS
Zetwerk selects banks for $500 million India IPO
The Bengaluru-based company has selected Axis Capital Ltd., Goldman Sachs Group Inc., Jefferies Financial Group Inc., JM Financial Ltd., JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd. as arrangers for the IPO
CURRENCY
RBI governor Sanjay Malhotra signals he’s open to more flexible rupee
Malhotra, who took office in December, has held multiple meetings with departments at the central bank ahead of his first monetary policy meeting in February
INDIA
Indian refiners see Moscow finding path around latest oil curbs
The global oil market has been thrown into turmoil in recent days — with Brent crude hitting the highest level in five months — as the outgoing Biden administration announced its boldest package of sanctions yet against Russia’s oil industry.
BUSINESS
Apollo Global Management said to weigh Tenneco India IPO at $2-bn valuation
Tenneco designs, makes and sells automotive products for original equipment and aftermarket customers
WORLD
Starbucks limits use of cafes, bathrooms to paying customers
The company issued a new code of conduct as part of its plan to make stores more welcoming and win back consumers, Starbucks said in an emailed statement.
BUSINESS
Dollar falls on report Trump team is mulling gradual tariffs
The Bloomberg Dollar Spot Index dropped as much as 0.4% in early Asia trading Tuesday, after a report showed Trump’s economic advisors are discussing a slow and steady approach to tariffs, rather than a large one-time increase.
BUSINESS
China discusses sale of TikTok US to Musk as one possible option
It’s unclear if US TikTok would be sold off in a competitive process, or if a sale would be arranged by the government.
BUSINESS
Spain seeks to set 100% tax on non-EU citizens buying houses
Late last year, the Bank of Spain estimated that the country would need some 550,000 new residences to be built to meet demand over the next two years.
WORLD
New Mountain nears deal to acquire Access Healthcare
The US-based private equity firm could announce a deal as soon as the coming weeks, the people said, asking not to be identified discussing confidential information.
TECHNOLOGY
iPhone global sales drop 5% in holiday quarter after Apple's AI disappoints
The iPhone slipped a point to 18% worldwide market share in 2024, according to Counterpoint Research data
TECHNOLOGY
Microsoft says recent hire Parikh will oversee new AI engineering group
Microsoft has been overhauling its entire product lineup around artificial intelligence and needs to manage complex infrastructure projects that can help it wring greater power and efficiency from its networks
