BUSINESS
Gold hits record as Trump’s tariff spree sparks haven demand
Investors are flocking to gold as concerns mount over the health of the global economy. The precious metal has surged 20% this year after a ferocious run in 2024.
BUSINESS
Tariff shocker can be India’s chance at trade reform
A complete repudiation of the discredited ideology of self-sufficiency is overdue, and a global trade war offers an excuse for Modi to rebrand himself as the antithesis of Trump, writes Andy Mukherjee
BUSINESS
Tesla sales slump to lowest since 2022 amid anti-Elon Musk backlash
Demonstrations have picked up in recent weeks in response to Musk asserting himself in Washington and beyond in support of far-right candidates and causes
BUSINESS
Donald Trump’s trust opens the door to tapping $2.1 billion media stake
Trump Media & Technology Group Corp. shares slumped 8.6% in pre-market trading after the company filed on April 1 to register up to 142.5 million shares and warrants for sale.
WORLD
China restricts companies from investing in US as tensions rise
Several branches of China’s top economic planning agency the National Development and Reform Commission have been instructed in recent weeks to hold off on registration and approval for firms that are looking to invest in the US the people said asking not to be identified discussing sensitive issues.
COMPANIES
Air India to get last of 50 Boeing jets made for Chinese peers
Boeing was able to divert 737 Max jets built for Chinese carriers, including Shanghai Airlines Co., as they deferred taking deliveries following regulatory concerns
BUSINESS
India tech startups worth $100 billion seen seeking IPOs by 2027
Online retailer Flipkart, payments firm PhonePe and lodging provider Oyo Hotels are among the companies seeking to list
MARKETS
Kotak targets $2 billion for new private credit fund
The fund will offer a range of financing options including acquisition funding, equity-backed loans, and annuity assets that generate steady cash flow, said Lakshmi Iyer
WORLD
Trump tariff rollout opens new era of risk for global economy
Some $33 trillion in global trade is in the crosshairs and countries from Brazil to China face between a 4% to 90% drop in their exports to the US, according to Bloomberg Economics.
WORLD
Federal workers get second Musk buyout offer
This time the offers are being made agency-by-agency as part of each department’s mandate to reduce the size of its workforce. Deadlines and rules for eligibility differ by department.
BUSINESS
Gold holds ground below record ahead of Trump’s tariff reveal
The White House and Trump have been reticent to provide details of the targets and scale of the levies, which will apply right after they are rolled out at a 4 pm event in Washington.
WORLD
US senator attacks Trump, Musk's policies in record-long speech. It lasted for over 24 hours
The speech broke a record set by Senator Strom Thurmond, a South Carolina Democrat, who spoke for 24 hours and 18 minutes
BUSINESS
Pro-Trump Newsmax more valuable than Fox News owner after 2,230% IPO pop
The stock soared nearly 180% to close at $233 on Tuesday, building on a 735% surge in its debut session which saw the shares halted multiple times.
WORLD
Big oil morphs into big gas in China as EVs slash fuel demand
The nation’s gas output is poised to surpass that of crude oil for the first time this year
BUSINESS
Bankers get boost in Asia Pacific as M&A growth tops US, Europe
The volume of mergers and acquisitions in APAC is up 19% from the first quarter last year
WORLD
Investors tread warily in Asia as Trump's tariff clock counts down
Trump’s deliberations over his plans to impose reciprocal tariffs are coming down to the wire, with his team said to be still finalizing the size and scope of the new levies
BUSINESS
Trump's tariff plans still in limbo ahead of Rose Garden event
Under the two-tiered approach, the highest levies would be applied to the countries perceived as the biggest offenders, both in terms of true tariffs as well as easily quantifiable non-tariff measures that act to deter US imports.
AUTOMOBILE
Tesla to report sales as it faces Elon Musk backlash, overseas delivery woes
If that 390,000-vehicle estimate holds when Tesla reports production and delivery figures Wednesday, it would represent its worst quarter in a year
WORLD
US manufacturing activity shrinks for first time this year
The Institute for Supply Management’s manufacturing index declined 1.3 points last month to 49, according to data released Tuesday
WORLD
Fewer US job openings, layoffs unchanged in slowing labour market
The number of available positions decreased to 7.57 million from a revised 7.76 million reading in January
MARKETS
RBI cash injections help wipe out record India cash crunch
The surplus, measured through banks deploying excess funds with the Reserve Bank of India, was at Rs 71,700 crore ($8.4 billion) as of March 29
WORLD
Trump’s pharma threats take tariffs into uncharted territory
On Friday, the president said specific pharma tariffs were coming “soon.”
WORLD
US automakers make mad dash to push Trump to temper tariffs
Ford Motor, General Motors and Chrysler parent Stellantis NV are lobbying the administration to exclude certain low-cost car components from the planned tariffs
INDIA
China ready to buy more products from India as US tariffs loom
US President Trump, who is set to roll out reciprocal tariffs Wednesday on countries around the world, has called out China and India for trade practices that he sees as unfair
