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%
MARKETS
Stocks rise and bonds pare losses on Fed decision
The S&P 500 climbed 0.7%. The yield on 10-year Treasuries was little changed at 4.29%. The dollar gained 0.3%
TECHNOLOGY
Nvidia CEO says DeepSeek impact analysis wrong, more gear needed
Huang said that concerns caused by Chinese startup DeekSeek’s R1 AI model — that fewer chips and powerful servers would be needed for such software in the future — were misplaced
WORLD
How Russia-Ukraine energy ceasefire could affect war
Here’s what to know about the role of energy infrastructure in the war
WORLD
Europe to toughen protection for steel sector amid defense push
The European Commission, the bloc’s executive branch, presented an action plan for steel on Wednesday
WORLD
UBS client says his wife moved in with their wealth adviser. It got messy
In the financial industry, the business of managing clients’ savings often blurs professional and personal realms
WORLD
How billionaire Li Ka-Shing’s Panama deal raised the ire of China
Here’s what you need to know about Li Ka-shing and the Panama ports deal
WORLD
Powell’s remarks to be scrutinized as Fed set to hold rates steady
Fresh tariffs from the Trump administration, paired with retaliatory action from US trade partners, have dented consumer sentiment and fanned Americans’ expectations for future inflation
COMPANIES
Energy firm Greenko founders get private loan commitments
Anil Chalamalasetty and Mahesh Kolli have received the commitments from Keppel Credit, SeaTown Holdings International, BlackRock Inc., Ares Management Corp., and Nomura Holdings Inc.
INDIA
Trump Towers’ India developer Tribeca to build office building in Pune
The move comes as firms leased a record 77.2 million square feet of office space across seven major Indian cities last year
BUSINESS
BofA warns of Chinese stock correction ‘soon’ in 2015 repeat
The Hang Seng China Enterprises Index and the MSCI China Index have both surged at least 30% from mid-January lows, akin to the pace of gains seen in 2015 before the market plummeted, strategists led by Winnie Wu wrote in a Monday note.
BUSINESS
BOJ stands pat, signals rising unease over global trade tensions
The central bank added a reference to the evolving situation regarding trade and other policies to its list of risks to the outlook.
BUSINESS
Yen weakens, Asian stocks advance ahead of BOJ
Uncertainty over President Donald Trump’s economic policies, particularly around trade and tariffs, has spurred fears of a recession, with traders seeking clarity from the Federal Reserve policy decision later Wednesday.
MARKETS
Tesla stock slapped down by Chinese rival’s ‘game changer’ tech
Shares of Tesla tumbled as much as 6.6% while BYD Co. shot to an all-time high after unveiling an electric car that can be charged as quickly as a gas vehicle is refueled
BUSINESS
Siemens to cut 6,000 jobs in automation, EV charging units
The automation business, which employs about 68,000 people, has been hit by muted demand in China, and Siemens signaled last year that job cuts were on the horizon.
WORLD
Putin agrees to limit Ukraine attacks but won’t commit to truce
Putin and Trump agreed to “an energy and infrastructure ceasefire” and to begin negotiations on a “maritime ceasefire in the Black Sea
BUSINESS
Meta becomes final magnificent 7 stock to turn negative in 2025
The Facebook parent fell more than 4%, extending a recent selloff.
WORLD
How BYD’s five-minute charges compare with competitors
From “more features for no more price” and “smart driving for all,” BYD can now add “charging as fast as refueling” to its marketing slogans
WORLD
First US Outbreak of H7N9 Bird Flu Since 2017 Spurs Health Worry
The flock is being culled, and the US Department of Agriculture is investigating.
WORLD
Fed Day, once the stock market’s fixation, takes on new meaning
For years, Federal Reserve meetings have been the main event on Wall Street as the central bank fought to contain runaway inflation
WORLD
US births fell in 2023 to lowest level in more than 40 years
Total births for the year fell to 3.6 million, a 2% decline from 2022, according to a report
