BUSINESS
US-China truce likely to avert recession but not coming slowdown
Labor-market data could start to show the hit to employment by the end of May, they expect, while accelerating inflation should become evident in reports due next month.
BUSINESS
Trump talks with Apple’s Cook as iPhone price hikes loom
Apple hasn’t changed the starting price of its flagship iPhone model since it debuted the iPhone X in 2017 — keeping it at $999.
BUSINESS
Xi defiance pays off as Trump meets most China trade demands
Although China began feeling economic pain, with factory activity starting to slump, Xi enjoyed a surge of nationalism at home encouraging him to avoid bending to US coercion.
BUSINESS
Stocks rise across Asia on US-China trade truce
Shares in Australia and Japan jumped at the open after the S&P 500 closed more than 3% higher.
WORLD
US House tax bill calls for $30,000 SALT, omits millionaire tax
The bill aims to cut taxes by more than $4 trillion and reduce spending by at least $1.5 trillion over a decade
MARKETS
Wall Street rallies on US-China trade truce as bonds sink
The rebound in risk appetite and diminished expectations of a recession drove the stock benchmark above Donald Trump’s April 2 “Liberation Day” level
WORLD
Nissan job cuts double to 20,000 in overhaul: Report
The struggling Japanese carmaker last month warned it would likely book a record $5.1 billion net loss in the financial year that ended in March due to impairment charges
BUSINESS
Asian stocks, US futures gain on China trade talks
Shares in Australia, Japan and South Korea advanced at the open, with the Topix index gaining for a 12th day for its longest winning streak since October 2017.
WORLD
Elon Musk says testing Gold Card Visa program in ‘quiet trial’
The EB-5 Immigrant Investor Program, administered by the U.S. Citizenship and Immigration Services, was created by Congress in 1990 to "stimulate the U.S. economy through job creation and capital investment by foreign investors
WORLD
US-China open trade talks in bid to wind down their tariff war
Both sides have sought to project confidence they hold the upper hand, yet the status quo carries major risks
COMPANIES
Sunil Mittal poised to buy $2 billion stake in Haier India: Report
The Bharti Airtel Ltd. founder has teamed up with private equity firm Warburg Pincus to buy the stake in Haier Appliances
BUSINESS
Global shift to bypass the dollar is gaining momentum in Asia
Firms are receiving more requests for transactions including hedges that sidestep the dollar and involve currencies such as the yuan, the Hong Kong dollar, the Emirati dirham and the euro
MARKETS
Asian stocks rise on optimism about trade talks
Japan’s Topix advanced for a 11th day, set for its longest winning streak since October 2017
WORLD
China reiterates US should cancel tariffs ahead of trade talks
The US should be prepared to revoke punitive tariffs placed on China, Commerce Ministry spokesman He Yadong said
INDIA
JLR, Diageo among winners as UK-India sign model trade deal
Indian exporters to the UK will benefit from lower levies on 99% of products and services
WORLD
Trump says news coming on ‘major trade deal’ with big country
Trump didn’t elaborate on which country he was referencing, nor the scope or details of any potential agreement
WORLD
Asian stocks start cautiously after Fed holds rate
A regional gauge fell 0.4% and equity-index futures for the US were flat in early Asian trading.
BUSINESS
EU plans to hit Boeing with tariffs if US trade talks fail
The duties would be part of an EU plan to hit about $114 billion in US goods with additional tariffs.
WORLD
China cuts key rate, reserve ratio to aid economy hit by tariffs
The People’s Bank of China cut the seven-day reverse repurchase rate to 1.4% from 1.5%, according to Governor Pan Gongsheng
MARKETS
Asia stocks rise on trade talks, China cuts key rates
A gauge of regional equities rose 0.4% as China lowered its policy rate.
BUSINESS
Tesla sales plummet across Europe even as new model Y ramps up
Tesla shares fell as much as 1.9 percent before the start of regular trading. The stock has fallen 42 percent from its record high reached in mid-December.
MARKETS
Ex-Temasek India executives target $400 million for fund debut
LaunchBay is targeting to raise $400 million from international and domestic institutional investors
MARKETS
Volatility, global funds are boosting India’s options volumes
The average daily notional turnover for futures and options climbed to Rs 229 trillion ($2.7 trillion) in April on the National Stock Exchange
MARKETS
Chinese stocks rise after break as traders assess US talks, data
The benchmark CSI 300 Index gained as much as 0.6% in early trading on Tuesday
