BUSINESS
US stocks rise as investors await Federal Reserve rate decision
A hawkish signal is expected from the Federal Open Market Committee’s meeting later on Wednesday
BUSINESS
Nippon Steel closes $14.1 billion acquisition of US Steel
The $55-a-share cash deal creates the world’s second largest steelmaker and turns the combined entity into a formidable competitor within the American steel industry
BUSINESS
Standard Chartered faces RBI scrutiny over lapses in derivatives sales
The RBI’s review of Standard Chartered is ongoing, with focus on derivative products and risk governance
BUSINESS
Fed to hold rates steady again as officials wait for more clarity on economy
Investors anticipate the next rate cut won’t come until at least September, with another one potentially following in December. Powell will likely try to avoid saying anything too definitive about this year’s rate path.
WORLD
China consumer rush for subsidies overloads stimulus program
The disruptions are putting Beijing at a crossroads as it looks for a longer-term fix to a crisis of confidence among households.
WORLD
Ultra rich turn Vietnam into a new hot spot for luxury yachts
Vietnam’s dollar millionaire population has grown at the fastest rate in the world, almost doubling between 2013 and 2023
INDIA
Outdated census data threatens India’s vast welfare programs
Without fresh numbers, Niti Aayog, a government think tank, is left to estimate shifts in India’s demographics
WORLD
Oil near five-month high on Middle-East tensions
MSCI’s gauge of Asian equities fell for a second day after the S&P 500 dropped 0.8%
WORLD
Elon Musk’s X sues New York over law requiring hate-speech data
X said the rules are based on a “nearly identical” California law that the company successfully challenged in court
BUSINESS
MakeMyTrip seeks over $2 billion in shares, convertible sale
MakeMyTrip is offering 14 million new shares, and is also seeking to raise $1.25 billion from the sale of zero-coupon convertible bonds, according to a statement Monday
BUSINESS
G-7 works to secure critical minerals in face of China curbs
G-7 leaders aim to agree to a statement at their meeting in Kananaskis, Canada, to establish an “action plan” to diversify supplies of the vital metals and encourage “immediate and scaled investment” in projects.
BUSINESS
Oil rises, US futures drop on Trump Tehran warning
A gauge of Asian stocks slipped, though Japanese and South Korean shares were marginally higher, after risk-on sentiment returned to Wall Street on Monday and pushed the S&P 500 up about 1% and back above 6,000.
BUSINESS
Hormuz oil flows show muted impact from Iran-Israel conflict
While there have been some attacks on energy infrastructure in both countries, the most oil-price-sensitive sites, including Hormuz and the major Kharg Island export terminal, have been spared.
BUSINESS
Airbus dominates Paris Air Show debut as Boeing sits out order frenzy
Airbus first landed an order for as many as 77 freighter and passenger aircraft from Saudi Arabian lessor AviLease, followed by a deal for as many as 50 of its A350-1000 widebody jets from Riyadh Air.
WORLD
Israeli weapons displays covered at Paris Air Show, sparking protests
The move comes at a delicate time, as Israel’s missile exchange with Iran inflames tensions in the region for a fourth day, and its actions in Gaza raise growing human rights concerns.
WORLD
Israel’s vaunted air shield tested as Iran rains down missiles
Netanyahu says Israel is in “an existential campaign” that aims to set back Iran’s nuclear program by years, if not forever.
TECHNOLOGY
China joins US in brain implant race with clinical trial
Chinese researchers used brain-computer interfaces, or BCI, a wireless invasive implant in a patient with tetraplegia in March
BUSINESS
Nippon Steel’s investors begin to count the cost of US win
The Japanese company secured its much-wanted prize late last week when President Trump approved the $14.1 billion purchase of US Steel
BUSINESS
Adnoc makes $19 billion takeover bid for Australia’s Santos
Santos shares rose as much as 15% on Monday, their biggest intraday jump since April 2020, and were at A$7.805 at 11:53 a.m. in Sydney.
BUSINESS
Gold edges toward record high as Middle East war drives haven bids
The precious metal climbed as much as 0.6% in Asia to near $3,450 an ounce, about $50 short of an all-time peak set in April
WORLD
Oil extends gain as Israel-Iran conflict stokes supply concerns
Brent climbed as much as 5.5% before paring most gains to trade around $75 a barrel, while West Texas Intermediate was near $74
WORLD
Asia stocks climb, oil jumps on Israel-Iran conflict
The Nikkei 225 index was up around 0.8%, leading gains in the region. Brent crude rose as much as 5.5% in early trading
MARKETS
China’s biotech moment ignites a 60% stock rally that beats AI
The surge in China-listed biotech firms is further evidence that the mainland is becoming a center for global innovation
WORLD
How trade disruptions, Israel-Iran conflict will affect global central banks' decisions next week
From Washington to London, wary officials in countries that account for two fifths of the global economy may display a collective sense of paralysis
