BUSINESS
World facing Trump’s tariffs watches Canada test ways of fighting back
Canadian officials have gone hostile in their responses to Trump’s trade war.
WORLD
Wall Street storms back after US inflation surprise
Equities rebounded after a selloff that put the S&P 500 on the verge of a technical correction.
WORLD
Goldman’s Solomon says US CEOs want policy certainty from Trump
Goldman Sachs Group Inc. CEO David Solomon said headwinds from tariffs are hampering dealmaking activity
BUSINESS
ChrysCapital said to raise $2.1 billion record buyout fund
The 26-year-old firm’s latest fund is about two-thirds bigger than its last capital raise of $1.25 billion in 2022, and beat the record $1.7 billion raised by India’s Kedaara Capital last year
BUSINESS
IndusInd is said to be close to completing Reliance Capital acquisition
An official announcement on the deal could be made in the coming days, the people said, asking not to be identified because the information is private.
BUSINESS
Asian stocks rise, Australia close to correction
Chinese stocks will also be closely watched as investors continue to rotate toward the nation’s equities from their US peers.
BUSINESS
Volatile trading leaves US stocks on doorstep of a correction
Equities sentiment has soured rapidly in recent weeks as economists dial back their expectations for economic growth based on the potential for a brutal trade war.
BUSINESS
Wall Street left dazed and confused as Trump jolts markets again
It’s made for a dizzying spell for traders who’d ridden the artificial-intelligence euphoria and swelling corporate profits to one of the strongest runs since the 1990s internet boom.
WORLD
US job openings and quits rise in sign of resilient labour market
Available positions increased to 7.74 million from a revised 7.51 million reading in December, according to monthly Bureau of Labor Statistics data published Tuesday
BUSINESS
Adani set to bag $4.1 billion Mumbai housing project
The Maharashtra state government will shortly issue a Letter of Intent to Adani Properties, formally declaring it as the winner, Bloomberg reported citing sources
WORLD
Russian oil flows surge in sign US sanctions starting to crumble
Washington’s measures have been instrumental in restricting Moscow’s ability to ship its oil and raise funds for the war in Ukraine
MARKETS
Tariff worry on Wall Street pressures Trump to speed up tax cuts
Trump’s team is starting to warn of short-term pain as they pursue a drastic overhaul of trade and public spending
MARKETS
Tariff turmoil leaves US factories paying more for metal than overseas rivals
US prices for the three key industrial raw materials have been ratcheting higher for weeks, partly driven by manufacturers’ efforts to build up stocks before US President Donald Trump imposes tariffs on the metals
WORLD
Oil CEOs back Trump’s energy agenda as crude hits fresh low
The hallways and sessions on the first day of the annual CERAWeek by S&P Global conference in Houston were filled with buzzy chatter and the vibes of an industry that’s looking forward to an upswing
MARKETS
US stocks rattled anew as Trump ramps up trade war with Canada
The S&P 500 extended its drop from a Feb. 19 record to 9.5%, while the Dow Jones Industrial Average slid 1.4% on Tuesday.
WORLD
UniCredit poised to get ECB nod for Commerzbank stake in days
Germany, which still owns about 12% in Commerzbank, will need some time to form a government after snap elections last month.
WORLD
US and Ukraine begin talks on path to possible truce with Russia
Ahead of the talks with the Ukrainian delegation, US Secretary of State Marco Rubio said he was seeking to hear what concessions Ukraine was willing to make to secure a deal with Russia
BUSINESS
EV maker Ather said to move closer to $400 million India IPO
The company aims to sell shares by the end of March or early April, the people said, asking not to be identified because the deliberations are private
WORLD
First inflation, now tariffs: Low-income Americans can’t catch a break
Low-income households, who spend a larger share of their budgets on goods than the wealthy and tend to favor cheaper imports, will bear the brunt of the hit
WORLD
Musk says entitlements ‘big one’ to cut in Trump’s DOGE push
“Most of the federal spending is entitlements,” Musk said in an interview with Fox Business’ Larry Kudlow. “So that’s like the big one to eliminate.”
BUSINESS
Bitcoin, Ether extend slide as US stock selloff weighs on crypto
Bitcoin fell more than 3% on Tuesday morning in Asia while second-ranked token Ether dropped as much as 6% to $1,756, an intra-day low not seen since October 2023, according to data compiled by Bloomberg.
WORLD
Citi cuts US stocks to Neutral, raises China to Overweight on pause in US exceptionalism
Citi had been overweight American stocks since October 2023, but the hiatus in their ability to outperform has become more obvious, Dirk Willer, Citi’s global head of macro research and asset allocation, wrote in a note.
WORLD
Tesla shares down over 15% in biggest fall since 2020 on demand concerns
Its stock tumbled 15% on Monday after UBS Group AG’s Joseph Spak cut delivery projections both for the first quarter and the full year. Robert W. Baird & Co. analyst Ben Kallo similarly lowered his estimates for Tesla deliveries on March 6.
BUSINESS
Stock selloff extends to Asia on growth concerns
Equity-index futures for the S&P 500 and the tech-heavy Nasdaq 100 slipped in early Asian trading, extending a decline on Monday as Wall Street tempered bullish views while demand for recession havens boosted sovereign bonds.
