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
WORLD
China’s services activity disappoints in another blow to economy
The Caixin China services purchasing managers’ index fell to 50.7 from 51.9 the month before
WORLD
Dollar gains after two-day drop, stock futures dip
A gauge of the dollar rose 0.3% after speculation around potential trade deals had pushed the currency lower
ARTIFICIAL-INTELLIGENCE
OpenAI reaches agreement to buy startup Windsurf for $3 billion
The acquisition could help OpenAI take on rising competition in the market for AI-driven coding assistants
WORLD
Microsoft is key holdout for OpenAI restructuring plan
Microsoft, which has invested $13.75 billion in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure
WORLD
Trump blocks Harvard from new research funding in latest blow
The move is the latest tit-for-tat in a clash between the administration and university that has opened up a public debate over academic freedom and campus oversight.
BUSINESS
India offers zero-for-zero tariffs on auto parts, steel from US
WORLD
Trump suggests some trade deals may come as soon as this week
Trump also signaled that his aides are having conversations with counterparts from China
WORLD
CEOs celebrate Buffett as he calls a close on 5,500,000% run
Luminaries from the technology and banking worlds rushed to praise the man whose lessons they partially credit for their success
WORLD
Fed’s Powell is about to defy Trump and hold rates steady
With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday
BUSINESS
Trump plans 100% tariff on foreign movies, escalating trade war
The action follows move by China last month to “moderately reduce” the number of Hollywood films allowed in the country in retaliation for Trump’s aggressive tariffs on the US rival.
WORLD
Asia stocks muted as crude oil slumps after OPEC+ plan
Crude oil fell 3.4% after the group of oil-producing nations continued an accelerated revival of supply that’s sent prices plunging
BUSINESS
Oil sinks as OPEC+ supply surge threatens to swamp global market
Global benchmark Brent tumbled by as much as 4.6% toward $58 a barrel as the week’s trading kicked off, while West Texas Intermediate was near $56.
