BUSINESS
Masayoshi Son hints at succession plan while chasing AI ambition
Son said he plans to hold SoftBank’s reins another ten years, but added he has several candidates for its next chief in mind from within the technology group
BUSINESS
HDB Financial Services IPO becomes most subscribed billion-dollar Indian IPO in 4 years
The over 15 times-demand for HDB shares is the biggest since Zomato-parent Eternal's $1.4 billion IPO was subscribed more than 29 times, exchange data showed.
WORLD
Roger Federer's long-term deals make him a tennis billionaire
Federer, who won 20 Grand Slams between 2003 and 2018, amassed $130.6 million in prize money during a 24-year playing career that ended in 2022
BUSINESS
How JSW plans to fund acquisition of Akzo Nobel's India unit
JSW Group is in talks with global lenders to Rs 4,000 crore to fund the deal
BUSINESS
India’s rice buffers overflowing as another record harvest looms
Rice acreage in the South Asian nation jumped 58% from a year earlier as of June 20, helped by the early onset of monsoon, according to the farm ministry. Planting will be completed in most parts of the country by the middle of August.
WORLD
China ousts top general from elite military body as purge grows
Miao Hua, who oversees political loyalty in the armed forces, has been ousted from the national Central Military Commission, according to a statement from the National People’s Congress Standing Committee
BUSINESS
REITs may stretch gains on RBI rate cuts, buoyant leasing of commercial and retail spaces
The four listed REITs have distributed about 228.18 billion rupees ($2.7 billion) to their investors since listing. More than 262,000 people have invested in REIT as of June 2025 in India, according to the Indian REITs Association website.
BUSINESS
Howard Lutnick says US-China trade truce signed, 10 deals imminent
The China deal, which Lutnick said had been signed two days ago, codifies the terms laid out in trade talks between Beijing and Washington, including a commitment from China to deliver rare earths used in everything from wind turbines to jet planes.
BUSINESS
China’s industrial profits sink on US tariffs, deflation woes
Industrial profits fell 9.1% last month from a year earlier, according to data released Friday by the National Bureau of Statistics.
BUSINESS
Masayoshi Son prepares to pick successor from within SoftBank
The 67-year-old has several candidates in mind, but won’t make an announcement until the last minute, Son said during a general shareholders’ meeting in Tokyo on Friday.
MARKETS
Asian markets in full swing as investors shake off trade jitters
The tightening of Asian spreads is all the more impressive given a surge in dollar bond sales from the region, with this week seeing the largest volume of deals since March.
INDIA
India trade team arrives in US for talks as July deadline looms
The team, led by chief negotiator Rajesh Agarwal, is slated to hold meetings with officials in Washington over two days
WORLD
Trump’s threat of more tariffs makes US trade partners wary of signing deals
India has dug in its heels on the issue and is unwilling to sign a trade deal with Washington that doesn’t address both sectoral and reciprocal tariffs for its exports
BUSINESS
US merchandise-trade deficit unexpectedly widens on exports drop
The shortfall in goods trade grew 11.1% to $96.6 billion, Commerce Department data showed Thursday.
BUSINESS
Elon Musk confidant Omead Afshar leaves Tesla in latest high-level exit
Afshar joined Tesla in 2017, according to his LinkedIn profile, as the carmaker was beginning to ramp up production of the Model 3 sedan.
WORLD
Xiaomi launches $35,000 SUV to take on Tesla’s model Y in China
Xiaomi founder Lei Jun attacked Tesla head-on during a Thursday launch event, stacking his vehicle against the Model Y
MARKETS
Rate cuts still on table, says MPC member Saugata Bhattacharya
The change from ‘accommodative’ to ‘neutral’ in the June 6 policy does not 'preclude further rate cuts. Absolutely not,' said RBI rate setting panel's external member said
BUSINESS
China opens first offshore gold vault and contracts in Hong Kong
Trading will be conducted in yuan and settled by cash or physical delivery, including to the new vault operated by Bank of China Ltd.’s Hong Kong unit, the SGE said in a statement
BUSINESS
Dollar slips as Trump considers naming next Fed chair early
The latest headlines on Powell add another element of risk to the dollar and US Treasuries, which are both already under pressure from uncertainties around the impact of tariffs and a ballooning fiscal deficit.
WORLD
Pentagon posts document with fiscal year 2026 weapons requests
The procurement request, which represents funds for weapons purchases, totals $205 billion or about $31 billion more than what Congress appropriated for this fiscal year
BUSINESS
Asian shares rise on boost from Japanese stocks
MSCI’s gauge of Asia-Pacific shares advanced 0.3% as the Topix gained, while Australian equities fell. Contracts for US stocks opened flat after the S&P 500 ended Wednesday unchanged.
BUSINESS
Trump says three or four people on list to replace US Fed’s Jerome Powell
Trump did not name his potential replacements for the central banker nor did he lay out a timeline for a decision. Powell’s term as chair ends in May 2026
BUSINESS
Vodafone Idea aims for $2.9 billion in loans to bolster network: Report
The State Bank of India will likely lead a consortium of lenders
BUSINESS
EU warns a baseline Trump tariff would still spur retaliation
EU officials expect the US to keep some duties in place, even after trade negotiations are concluded
