BUSINESS
Asian stocks rise on China tariff truce extension
Chinese shares will be in focus after President Donald Trump extended the pause on tariffs for another 90 days, pushing the deadline into early November.
CRYPTOCURRENCY
Former biotech raising $1.5 billion to hoard Trump-tied token
Alt5 Sigma Corp., a Las Vegas-based company that swerved from chronic pain treatment into crypto payments, said in a statement Monday that it was selling shares to raise money to buy World Liberty Financial tokens, a virtual asset tied to the family of President Donald Trump
BUSINESS
Intel CEO to meet trump after President’s call for resignation
Lip-Bu Tan was set for a meeting with the White House on Monday, a person familiar with the situation said, asking not to be identified discussion private matters
WORLD
China's mega dam project in Tibet on Brahmaputra to see scrutiny over green finance risks
The development on the Yarlung Tsangpo (Brahmaputra) river overlaps with one of the world’s key biodiversity hotspots
BANKING
ICICI investment banking head Saraf to move to retail broking
The leadership reshuffle comes after ICICI Securities was delisted from local stock exchanges in March
BUSINESS
Bessent sees US trade talks largely done by October: Report
The comments, made to Nikkei on Thursday, come after President Donald Trump’s sweeping new tariffs took effect.
BUSINESS
Asian stocks edge up before key data, oil falls
Asian lithium stocks rose after Contemporary Amperex Technology Co. Ltd. suspended production at a major mine in China’s Jiangxi province for at least three months, a move that may ease oversupply concerns.
BUSINESS
Nvidia, AMD agree to pay US 15% of China chip sale revenue
Nvidia plans to share 15% of the revenue from sales of its H20 chip in China and AMD will deliver the same share from MI308 revenues
WORLD
US inflation to rise as higher tariffs feed through
Higher US tariffs are already pushing up prices for household goods and recreational items, and economists warn the impact will likely spread as import duties continue to bite.
WORLD
Fed’s Michelle Bowman favours three interest-rate cuts this year
Bowman said in prepared remarks she supports multiple interest-rate cuts and that her view had been reinforced by recent weak labour-market data.
BUSINESS
Traders are fleeing stocks feared to be under threat from AI
The souring sentiment among investors comes as AI is changing everything from the way people get information from the internet to how colleges function.
WORLD
Trump announces he’ll meet with Putin in Alaska next Friday
Inviting Putin to return to US soil for the first time since in nearly a decade will only heighten the stakes for Trump, who is seeking to broker a peace deal that he said would see the countries engage in “some swapping of territories.”
WORLD
US and Russia plan truce to cement Vladimir Putin’s gains in Ukraine
US and Russian officials are working toward an agreement on territories for a planned summit meeting between Presidents Donald Trump and Vladimir Putin as early as next week,
WORLD
Tariffs are starting to squeeze profits for Trump-loving farmers
Trump has asked farmers to give his tariff policies time to play out, promising better results than the trade deal he struck with China in his first term.
AUTOMOBILE
Jaguar CEO PB Balaji hits back at Donald Trump's criticism of ‘woke’ rebrand
The automaker, which revealed a concept car at the Miami Art Week last December, plans to sell fewer cars than in the past but at higher prices
WORLD
China defends buying Russian oil after Donald Trump’s tariff threat
Chinese President Xi Jinping welcomed direct communications between Putin and Trump on Friday during his first known call with the Russian leader in months.
WORLD
Meta picks Pimco, Blue Owl for $29 billion data center financing
Pimco is expected to lead a $26 billion debt portion of the financing, while Blue Owl is providing $3 billion of equity
MARKETS
Asian stocks rise as Japan jumps on tariff relief
Asian shares are on track for their best week since June, buoyed by growing speculation of a Federal Reserve interest-rate cut, even as tariff headlines continue to jolt sentiment.
BUSINESS
Trump names Miran to fill seat on Federal Reserve board
The president said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed Governor Adriana Kugler, which ends in January
MARKETS
Asian equities edge up at open, dollar declines
Asian shares are poised for their best week since June amid speculation of an interest-rate cut by the Federal Reserve. Investors have also grown optimistic about corporate earnings, which has helped the S&P 500 advance 30% from the lows in April.
BUSINESS
Investors unfazed by Trump’s 100% semiconductor tariff threat
Trump said in a meeting at the Oval Office this week that the tariff would apply to companies unless they had ‘committed to build’ in the US
WORLD
Chinese drone maker DJI shut out of Washington with US market at risk
DJI, like Chinese-owned social media giant TikTok, makes a popular product but is facing existential threats in the lucrative US market amid rising concerns that the data it collects in the US could be shared with authorities in Beijing
BUSINESS
Lilly obesity pill cut weight by just 11% in study; shares drop
While the injections from Lilly and Novo have revolutionized the way obesity is treated, investors say pills are key to reaching more patients in the market that’s expected to grow to $95 billion by 2030.
BUSINESS
Trump floats possible tariffs on China for buying Russia oil
Trump floated that possibility on Wednesday after doubling tariffs on Indian goods for buying Russian energy.
