WORLD
Xi Jinping urges 'new model' for China urban development in rare meeting
Ahead of the official readout, there has been growing speculation of a meeting reminiscent of a 2015 campaign that was then used to boost home-buying demand and galvanize domestic investment
BUSINESS
Nvidia to resume H20 chip sales to China in surprise US reversal
Nasdaq futures surged after Nvidia’s announcement, with Hong Kong and Chinese stocks also reacting positively
BUSINESS
China’s economy grows 5.2% as factories offset weak consumption
China's Q2 GDP: The urban jobless rate was 5% in June, unchanged from the previous month
BUSINESS
Tesla's long-awaited India debut bets on luxury vehicle buyers
A 4,000-square-foot space in Mumbai’s posh financial district of Bandra Kurla Complex will open its doors on Tuesday.
BUSINESS
Luxury development boom stokes jump in Indian real-estate shares
Investors are betting on a turnaround in India’s property market with developers set to report a record 447 billion rupees ($5.2 billion) in pre-sales in the first quarter, according to a July 7 report from Kotak Institutional Equities.
BUSINESS
Asian shares waver, Japanese bond yields rise
The MSCI Asia Pacific gauge dipped 0.1% amid declines in Japan and South Korea.
BUSINESS
Apple faces calls to reboot AI strategy with shares slumping
Apple shares have fallen 16% this year while traders bid up the shares of peers like Meta Platforms Inc., which is spending lavishly on AI
WORLD
Elon Musk turns to Tesla and SpaceX to fuel his AI ambitions
The billionaire on Sunday said he plans to hold a vote by Tesla Inc. shareholders on whether the EV maker should invest in xAI
BUSINESS
Citigroup’s India commercial banking chief Bhanu Vohra exits
Vohra is now on gardening leave and is exploring other career opportunities
BUSINESS
Astra says potential blockbuster reduced high blood pressure
Patients in a late-stage trial received one of two different doses of Baxdrostat or a placebo drug once a day, the drugmaker said
BUSINESS
China's imports of Iran crude at three-month high, Vortexa says
Imports rose sharply to over 1.7 million barrels a day last month, compared with 1.1 million in May, the analytics firm said in a note.
BUSINESS
China emerges from trade chaos with record exports and surplus
Exports rose 5.8% in June from a year earlier to $325 billion, exceeding the median estimate in a Bloomberg survey of analysts.
WORLD
Nvidia’s Jensen Huang says China’s military unlikely to use US AI chips
Huang and his peers have lost out on billions of dollars of revenue under increasingly tough rules designed to shut off China from access to the most powerful artificial intelligence capabilities.
MARKETS
Market resilience challenged by Trump’s weekend tariff salvo
Having set a record high in recent days, Bitcoin, which trades through the weekend, was little moved after the latest Trump missives
WORLD
Trump allies open new front against Powell over building rehab
The heightened pressure coincides with relentless calls from Trump for the Fed to lower interest rates – which Powell and fellow policymakers have defied so far this year
MARKETS
Worst spate of US downgrades since 2021 signals pain
In the second quarter, around $94 billion of high-grade US debt was downgraded, compared with just $78 billion of upgrades
WORLD
Trump patience on tariffs runs thin as nations jostle for deals
Trump continued to send letters unilaterally setting rates — while still allowing for a little wiggle room.
WORLD
Iran says it’s considering US offer to restart nuclear talks
Araghchi served as lead negotiator in Oman-mediated talks with the US, which collapsed after Israel launched a surprise attack on Iran’s nuclear sites on June 13.
WORLD
JPMorgan CEO Jamie Dimon blasts ‘idiots’ in Democratic Party focused on ideology
Dimon also said that former President Joe Biden “didn’t have one business person” advising him and that he was “speechless about the lack of knowledge” in the administration.
BUSINESS
Tesla likely to begin first deliveries in India from August
Deliveries are expected to start from late August, a separate person familiar with the development said. Customers will be able to configure and order their Tesla EVs from next week, the person added.
WORLD
Rubio says Xi-Trump summit likely after meeting China envoy
Rubio said he had a “very constructive and positive” sit-down with Chinese Foreign Minister Wang Yi on Friday, building on momentum in bilateral ties after Trump earlier this week described their recent relations as “really good.”
BUSINESS
SBI plans $2.9 billion share sale as early as next week
If the qualified institutional placement is fully subscribed, it would mark the biggest QIP ever in India, surpassing Coal India Ltd.’s 225.6 billion rupee sale in 2015.
BUSINESS
Ferrero nears $3 billion deal for WK Kellogg
A takeover would combine the maker of chocolate nut spread Nutella with the company behind Froot Loops and Frosted Flakes cereals and further cement Ferrero’s moves to carve out an empire of comfort foods and expand its presence in North America
BUSINESS
Amazon starts 10-minute delivery in Delhi in quick-commerce push
Amazon’s rivals now ship everything from groceries to gadgets in minutes, while the US company typically manages deliveries in a day or two
