WORLD
Trump’s ‘big one’ on tariffs has emerging markets on edge
Traders are getting increasingly anxious. Demand is rising for hedges to offset the risk of EM exchange rates weakening against the greenback, data suggest
MARKETS
Dubai weighs major regulatory changes to lure hedge funds
The Dubai Financial Services Authority is undergoing a sweeping review of its slate of regulations with the goal of removing unnecessary regulatory burden
MARKETS
S&P 500 is set for longest weekly slide since 2022
Equities got pummeled on Friday, with the S&P 500 down about 1% and on track for its fifth consecutive week of declines
WORLD
Jerome Powell says Trump can’t fire him. That might change
On Tuesday, the Trump administration dismissed the Federal Trade Commission’s two Democratic commissioners, Alvaro Bedoya and Rebecca Kelly Slaughter
BUSINESS
European gas jumps after attack on Russia-Ukraine transit point
European natural gas prices jumped after an attack on a pumping station in Russia’s Kursk region, which formed part of an inactive link that sent fuel to the continent until recently.
WORLD
Elon Musk tells Tesla employees hang on to stock after 50% plunge
The company has said it will launch new, more affordable models in the first half of this year, but has offered little detail about what those vehicles will be.
BUSINESS
Toyota to launch first R&D hub in Bengaluru, grow team to 1,000 for clean tech & EVs
The new R&D facility will begin operations with a team of about 200 people in Bengaluru, near Toyota Kirloskar Motor Pvt.’s existing factory in Bidadi.
BUSINESS
NATO to ask Europe and Canada for 30% boost in military capacity
The North Atlantic Treaty Organization is responding to the growing threat from Russia, as well as President Donald Trump’s drive to shift more of the burden for defense from the US to the rest of the alliance.
BUSINESS
Asian stocks jittery as tariff concerns mount
Shares in Hong Kong and South Korea fell in early trading, while Japan’s stock market rose and mainland China was slightly up. US futures edged higher after the S&P 500 closed lower on Thursday, a sign of investor caution.
BUSINESS
Gold holds near record as growing trade war fears rattle markets
Bullion traded about $10 below Thursday’s all-time high of $3,057.49 an ounce, putting it on track for a third weekly gain. A fresh bout of instability has gripped markets amid mounting worries about an escalation in the US-led trade war.
WORLD
Apple shuffles AI executive ranks in bid to turn around Siri
Chief executive officer Tim Cook has lost confidence in the ability of AI head John Giannandrea to execute on product development
MARKETS
A $4.5 trillion triple-witching gives investors yet another test
The so-called “triple-witching” will see about $4.5 trillion of contracts tied to stocks, indexes and exchange-traded funds mature, estimates compiled by Citigroup Inc. show.
BUSINESS
SoftBank seals $6.5 billion deal for chip designer Ampere
Ampere is one of a group of companies that tried to use Arm technology, which dominates in mobile phones, to create a niche in the lucrative data center chip business
MARKETS
US stocks erase losses after solid housing report
The S&P 500 rose 0.2%. The Nasdaq 100 added 0.3%. The Dow Jones Industrial Average gained 0.2%
BUSINESS
Starlink rival Eutelsat’s 300% stock rally stalls as doubts grow
After more than three years of continual decline, the stock rose 554% in the first three days of March, fueled by signs of a geopolitical shift and Europe’s race for an alternative to Elon Musk’s Starlink
ECONOMY
India closes in on long-sought free trade agreement with UK
The new Labour government’s business and trade secretary, Jonathan Reynolds, traveled to India last month to restart the talks, which had been paused in 2024 due to elections in both the UK and India
COMPANIES
Allianz, Jio Financial said to reach initial deal for India JV: Bloomberg
The move comes as the German insurer agreed earlier this week to sell its stake in joint ventures with Bajaj Finserv Ltd
WORLD
UK’s poorest generation is more cheerful than Its richest
Experts tracking consumer sentiment offer several reasons. With low levels of home ownership, young people are less directly exposed to the sharp rise in interest rates in recent years. They also have fewer financial commitments and family obligations, plus generations decades apart consume the news in different ways.
BUSINESS
Adani, Emaar said to be discussing deal structure for $1.4 billion India unit
Emaar said in January it was in discussions with some groups in India, including Adani, about a potential sale of a stake in Emaar India Ltd.
BUSINESS
Trump says Fed should cut rates as tariff push heats up
Trump’s post Wednesday evening comes as his administration prepares to unveil a fresh wave of tariffs, which Federal Reserve Chair Jerome Powell signaled was hanging over forecasts.
BUSINESS
Chinese banks hold their benchmark lending rates for fifth month
The one-year loan prime rate was maintained at 3.1%, according to a statement from the People’s Bank of China on Thursday. The five-year LPR was also unchanged at 3.6%.
MARKETS
Gold steadies near record after Fed holds interest rates steady
Spot gold rose 0.2% to $3,039.54 an ounce at 2:33 p.m. in New York. Silver, platinum and palladium fell
WORLD
Elon Musk’s X raises almost $1 billion in new equity funding
Musk himself participated in the equity raise, said some of the people, all of whom asked not to be identified discussing private information
MARKETS
US Fed holds rates steady, sees slower growth and higher inflation
The Federal Open Market Committee voted on Wednesday to keep the benchmark federal funds rate in a range of 4.25%-4.5%
