WORLD
Uber tests option in US to match female riders and drivers
The service will launch in Los Angeles, San Francisco and Detroit over the next few weeks, the company said in a statement
WORLD
Russia and Ukraine to hold new talks with peace hopes low
A Russian delegation led by presidential aide Vladimir Medinsky left Moscow on Wednesday for the talks in Turkey with a Ukrainian team led by Security and Defense Council Secretary Rustem Umerov
BUSINESS
India’s top LNG importer Petronet seeks $1.4 billion local loan
Local lenders including Axis Bank, State Bank of India and Union Bank of India are considering to join the facility, which is among the company’s largest fundraising exercises
BUSINESS
Tata Capital said to be seeking much higher IPO valuation of $18-20 billion
Tata Capital aims to raise about $2.2 billion in its IPO, which is expected to launch in the first half of September, the people said, asking not to be identified discussing confidential information.
BUSINESS
Modi’s visit sparks Indian Bids for Croatia’s infrastructure
New Delhi is a relative newcomer to the Balkans where Beijing has invested heavily in infrastructure projects through its Belt and Road initiative.
BUSINESS
Asian stocks, US futures rise on Japan trade deal
The deal with Japan will see the key American ally invest $550 billion into the US and will set tariffs on Japanese imports at 15%, Trump wrote.
BUSINESS
Trump says Japan deal reached with tariff rate set at 15%
“I just signed the largest trade deal in history — I think maybe the largest deal in history — with Japan,” Trump said at an event at the White House on Tuesday after announcing the deal on social media.
INDIA
PM Modi’s visit sparks Indian bids for Croatia’s infrastructure
New Delhi is a relative newcomer to the Balkans where Beijing has invested heavily in infrastructure projects through its Belt and Road initiative
WORLD
US treasuries edge higher as Bessent offers support for powell
Yields on Treasuries fell about 3 basis points across maturities
BUSINESS
Treasuries slip with Fed's Jerome Powell set to speak on regulation
US 10-year yields rose one basis point to 4.39%, partially reversing a 10-basis-point slide which began with last week’s weak producer price numbers for June.
BUSINESS
Air India seeks loan of about $200 million for Boeing 777 purchase
The purchase of aircraft takes place as Air India struggles to expand its fleet due to supply chain constraints impacting deliveries and its ability to get planes from the open market.
BUSINESS
Kotak Mahindra Capital says Indian IPOs to raise $30 billion over 12 months
Among firms gearing up to enter the market, Tata Capital Ltd. is planning to raise about $2 billion. The Indian unit of South Korea’s LG Electronics Inc. is also looking to raise as much as $1.7 billion.
BUSINESS
Asian shares edge up on Japan’s post-election jump
The Nikkei-225 index in Japan jumped as much as 1.1%, before paring gains and the yen depreciated a touch after gaining as much as 1% Monday.
INDIA
India probing 40 coal importers for over-valuing cargoes
The government’s department of revenue intelligence, or DRI, is conducting the probe, coal minister said in a written reply, without elaborating
IPO
Bonfiglioli’s India unit is said to consider $250 million IPO
Deliberations are ongoing, and details such as the size of Bonfiglioli’s offering could change
BUSINESS
India’s record renewables rollout moves it closer to 2030 goal
The country added 22 gigawatts of capacity during the six months through June, 56% more than a year earlier
WORLD
Hong Kong probes Louis Vuitton data leak after string of attacks
Leaked data of the Hong Kong customers include names, passport numbers, birth dates, addresses, email addresses, phone numbers, shopping history and product preferences
WORLD
China threatens response to EU sanctions on banks, firms
It’s the first time that Chinese banks have been added to the European sanctions list since the Russian invasion of Ukraine in 2022.
BUSINESS
China’s rare-earth magnet shipments jump 158% after trade truce
Total cargoes of the magnets rose to 3,188 tons last month, according to Chinese data on Sunday, more than double volumes of 1,238 tons in May in the midst of China’s curbs.
WORLD
Japan's PM Ishiba vows to stay on despite historic election defeat
The result is the second dismal election showing for Ishiba since he became premier last October, even though the coalition’s tally of 47 seats may yet be enough to keep his job.
MARKETS
London Stock Exchange Group weighs 24-hour trading: Report
The operator of London’s bourse is holding discussions about whether to extend its hours, including to round-the-clock trading
WORLD
How a contract clause sparked a feud between two of world's most powerful oil firms
The story behind how it unfolded shows how American oil executives’ usual cordial relationships were pushed to the breaking point when a $1 trillion discovery was at stake
WORLD
Elon Musk says xAI will make kid-friendly app called Baby Grok
The billionaire didn’t provide further details on Baby Grok in a post on X
WORLD
After stock market’s torrid run, earnings misses face punishment
The S&P 500 Index closed near an all-time high Friday, after notching seven new records in just 15 sessions
