WORLD
TSMC poised to announce $100 billion investment in US plants
TSMC is the world’s leader in production of advanced semiconductors used for artificial intelligence, and the investment would help bolster Trump’s pledge to make the US dominant in AI
BUSINESS
Tata Capital seeks as much as $11 billion value in IPO
Tata Capital’s board last week approved the listing of as many as 23 crore shares, along with an offer for sale of equity by existing shareholders. It also announced a rights issue of as much as Rs 1504 crore.
BUSINESS
Mexico’s star economy dreams crumble under Donald Trump’s tariff threats
Amid intense negotiations, the deadline for the implementation of those tariffs was delayed by one month to March 4. But even if Mexico eventually avoids them, the uncertainty they create may be enough to tip the economy into recession.
BUSINESS
Bubble-tea giant Mixue surges after Hong Kong's biggest IPO of year
The popularity of the stock helps fuel optimism over the revival of Hong Kong’s IPO market, which is projected to double this year. Enormous demand — mom-and-pop investors bid for thousands of times the shares they could buy — helped Mixue capitalize on the rage for drinks like bubble tea, a market that’s forecast to surge to $71 billion in three years.
BUSINESS
Xi prepares to unveil China stimulus plan as trade war heats up
Thousands of delegates including ministry chiefs and provincial leaders will gather Wednesday in Beijing for the parliamentary conclave, where officials will set a bullish growth goal of around 5%, according to most analysts surveyed by Bloomberg.
BUSINESS
Donald Trump sparks crypto rally by saying more coins to be in reserve
Ripple was up nearly 30% at around $2.80, while Solana climbed some 20% to around $170. Cardano, a much smaller token by market value, initially rallied more than 60% before paring gains to trade at around $1.02.
WORLD
Donald Trump, Volodymyr Zelenskiy devolve into bickering before deal signing
WORLD
China abruptly replaces tech czar behind AI and chip push
Jin Zhuanglong, a 60-year-old aerospace expert, is no longer listed as party secretary of the Ministry of Industries and Information Technology, after he disappeared from public view last December fueling speculation about his position.
BUSINESS
China vows ‘all necessary measures’ against new US tariffs
Beijing’s reaction came hours after Trump announced an additional 10% tariff would take effect March 4
MARKETS
Investors want new Sebi chief Tuhin Kanta Pandey to keep things simple
New Delhi late on Thursday appointed Tuhin Kanta Pandey, the top bureaucrat in its Finance Ministry, to head the Securities and Exchange Board of India
WORLD
Trump piles pressure on Xi with latest threat to raise tariffs
Trump said Thursday in a social media post that China will be charged an additional 10% tariff on March 4
CRYPTOCURRENCY
Bitcoin down 25% from all-time high as crypto selloff deepens
The coin was down 2.8% at $81,919.70 at 9:39 a.m. in Singapore, after hitting its lowest level since November 11
ECONOMY
India economy’s recovery likely clouded by trade risks ahead
Data due Friday will likely show gross domestic product grew 6.2% in the three months to December, according to a median estimate of economists surveyed by Bloomberg
MARKETS
Asian shares echo US drop as tariffs sap sentiment
Shares in Australia and Japan fell while benchmarks in China and Hong Kong opened lower after the S&P 500 lost 1.6% Thursday, erasing its gains for the year
BUSINESS
India weighs tariff cuts on cars, chemicals as Trump duties loom
Officials in New Delhi are discussing reducing duties for automobiles, some agricultural products, chemicals, critical pharmaceuticals, as well as certain medical devices and electronics, the people said, asking not to be identified as the plans aren’t finalized.
BUSINESS
In an unusual pattern, Nifty 50 moves in sync with volatility index for days
Smaller and mid-cap shares have tumbled more than the broader market since the Sept. 26 high, with Nifty gauges tracking them down more than 18%. While investors have so far remained largely bearish, some firms have turned positive recently.
BUSINESS
StanChart chosen as dollar settlement bank at GIFT City
Banks having units in the GIFT City have been asked to set up trading accounts with the British bank, said the people, who asked not to be identified as discussions are private.
BUSINESS
Mercedes set to cut jobs in China as local competition heats up
It’s unclear whether the move will affect the automaker’s local head office or the production units it runs through joint ventures with Chinese firms.
WORLD
YouTube star MrBeast is raising money at a $5 billion valuation
The most popular creator on YouTube has spoken with several financial firms and wealthy individuals about investing
WORLD
Nissan prepares to replace CEO after Honda deal falls apart
Nissan directors are gauging interest in potential candidates to succeed Makoto Uchida, the 22-year company veteran who’s been CEO since late 2019
WORLD
Israel, Hamas say hostage and prisoner swap to go ahead
The exchange is the last of nine agreed to under the terms of a 42-day pause in hostilities brokered by Qatar, Egypt and the US in January
BUSINESS
Nvidia gives ‘underwhelming’ report after two years of blowouts
The stock had been down 2.2% this year, following stratospheric gains in 2023 and 2024 that turned Nvidia into the world’s most valuable chipmaker
WORLD
Asian equities in tight range after Nvidia underwhelms
Shares in Australia rose while Japan was steady. Hong Kong equity index futures pointed to a lower open while contracts for the S&P 500 and Nasdaq 100 were little changed in early Asian trade
WORLD
China takes tougher tone on Taiwan, announces military drills
President Xi Jinping has previously declared China's unification with Taiwan "can without a doubt be realized", but the new language on molding that process suggests Beijing will take a more proactive approach.
