BUSINESS
Stocks mixed, oil drops ahead of Ukraine talks
Shares in Japan and Australia rose while futures for the US and European stocks edged up 0.2%.
INDIA
Thawing India-China ties drive hunt for potential stock winners
Decades of frosty relations between the world’s two most-populous nations are thawing as both countries consider themselves unfair targets of President Donald Trump’s “America First” trade wars.
BUSINESS
Why China’s $11 trillion stock market is a headache for both Xi and Trump
Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath of a dramatic bubble burst a decade ago
WORLD
US central bankers flock to Jackson Hole at pivotal moment
Powell may also drop some hints about the Fed’s thinking ahead of its September policy meeting
BUSINESS
Airbus is about to eclipse a record that Boeing held for decades
It’s taken the better part of four decades, but Airbus has finally caught up: The A320 series is poised to overtake its US competitor as the most-delivered commercial airliner in history, according to aviation consultancy Cirium.
WORLD
Trump and Putin have different ideas of success at Alaska summit
For the Russian leader, getting face time with Trump on American soil without having made any concessions on the war is already a win.
BUSINESS
Jackie Bezos, who funded her son Jeff’s startup, dies at 78
Jackie Bezos died at her home in Miami on Thursday, according to the Bezos Family Foundation’s website.
BUSINESS
China’s economy slows sharply in ominous sign for outlook
Production at Chinese factories and mines rose at the slowest rate since November and expanded 5.7% last month from a year earlier, according to data released by the National Bureau of Statistics on Friday
WORLD
Dentsu plans to cut 3,400 jobs in overseas business to trim cost
The company is mulling options including forming partnerships for overseas operations, it said
INDIA
China, India in talks to resume border trade after 5-year pause
Both sides have proposed restarting trade through designated points on the shared border, and the matter is currently under bilateral discussion
INDIA
India's Nayara resorts to transferring fuel exports at sea
The embattled refiner, which is 49%-owned by Russia’s Rosneft PJSC, has found itself being shunned after it was sanctioned last month by the European Union
WORLD
This is how Brazil, who also has 50% US tariffs like India, is countering Trump's levies
Brazil is taking action after US Treasury Secretary Scott Bessent canceled a trade meeting with Finance Minister Fernando Haddad this week
BUSINESS
National Investment & Infrastructure Fund seeks to double assets to $10 billion
The Mumbai-based fund, backed by the government alongside global investors, is capitalizing on a big funding gap in the urban infra sector
WORLD
Asia stocks pause after rally; yen gains on Scott Bessent's comments
The MSCI Asia Pacific Index fell 0.2% as Japanese stocks slid 1.1%
WORLD
Swiss may reduce F-35 purchase as US squeezes government
Negotiations between Swiss and US officials, including a phone call of Defense Minister Martin Pfister and his US counterpart Pete Hegseth, failed to sway the US to consider a fixed price, according to the government
BUSINESS
US Fed search continues with private sector candidates
Treasury Secretary Scott Bessent on Wednesday said the administration plans to consider around 10 candidates to replace Jerome Powell as chair
BUSINESS
Global oil markets face record supply glut next year, says IEA
World oil demand this year and next is growing at less than half the pace seen in 2023.
IPO
Blackstone’s Horizon Industrial Parks said to weigh India IPO
The company is in talks with banks about the proposed share sale and seeking an enterprise valuation of $4 billion
MARKETS
India is now least favored Asian stock market, BofA survey shows
In the most recent fund manager survey, 30% said they are underweight on India, followed by 20% for Thailand and 10% for Malaysia
WORLD
China’s property crisis hits new low with Evergrande delisting
The company, once China’s biggest developer by sales, will be removed from the Hong Kong stock exchange on August 25
WORLD
China’s $11 trillion stock market is staging a steady resurgence
Mainland households, flushed with record-high savings, are turning to equities for better returns as interest rates continue to drift lower
BUSINESS
Bessent dismisses China investing in US as part of a trade deal
Treasury Secretary Scott Bessent's comments point to the competition between the US and China over a range of issues, with tech and AI among the most high profile.
BUSINESS
Stocks advance to record on Fed rate-cut bets: Markets wrap
A gauge of Asian shares rose 0.7%, helped by a record for the Nikkei-225 index in Japan. Shanghai stocks jumped to their highest level since December 2021.
AUTOMOBILE
Maruti Suzuki doubles down on SUVs as small cars sale slides
The Indian unit of Japan’s Suzuki Motor Corp. plans to launch the vehicle on September 3 and hopes it will double its sales in the segment
