WORLD
Trump moves to impose reciprocal tariffs as soon as April: 'Country-by-country basis'
The president on Thursday signed a measure directing the US Trade Representative and Commerce secretary to propose new levies on a country-by-country basis.
WORLD
Putin can’t be trusted in a peace accord, Zelensky tells Trump
Zelenskiy has previously said that NATO membership and US troops are essential to any effective security guarantee.
WORLD
RFK Jr. confirmed as head of health and human services
Kennedy was approved largely along party lines, 52-48, after tense confirmation hearings in which he was questioned over the possibility he could dismantle America’s vaccine infrastructure and his flip on abortion policy.
IPO
Prudential is said to hire Citigroup for $1 billion India IPO
Prudential’s shares closed at a seven-month high following the announcement. ICICI Bank has said it plans to retain its majority stake
COMPANIES
India expects $200 million missile deal with Philippines this year: Report
The Akash missile system developed by India's defence research body has drawn interest from the Philippines, which has told New Delhi it would make an order in the fiscal year that begins in April, said three sources
BUSINESS
Trump’s plans to boost LNG will help India’s buyers, Gail says
Indian imports of the fuel peaked in 2020, and have struggled to rebound as prices surged following Russia’s invasion of Ukraine in 2022.
MARKETS
China tech stocks head for highest level since reopening rally
The gauge tracking Chinese technology companies listed in Hong Kong rose as much as 2.3% on Thursday
WORLD
Morgan Stanley set to sell $3 billion of X debt at no discount
The bank plans to sell the senior secured term loan, which carries a fixed rate of 9.5%, at no discount to face value
MARKETS
Bond selloff steadies in Asia after hot US inflation
The US 10-year yield was little changed around 4.62% early Thursday, while Australian and New Zealand yields advanced
WORLD
Hegseth says NATO membership not realistic for Ukraine
Hegseth also said Wednesday that US troops won’t be deployed to Ukraine as any part of security guarantees and that it’s not feasible to return Ukraine to its pre-2014 borders, before Russia’s invasion of Crimea.
BUSINESS
Trump calls for lowering interest rates as Powell heads to Hill
While presidents traditionally refrain from commenting on the bank’s policymaking, Trump has regularly weighed in on the central bank’s handling of interest rates, frequently jabbing at Powell during his first term in the White House.
BUSINESS
ONGC eyes 100-fold growth in new energy investment at Rs 1 lakh crore
India's largest explorer wants to invest Rs 1 lakh crore ($11.5 billion) to build a renewables portfolio of 10 gigawatts by 2030, up from Rs 1,000 crore in the current fiscal year.
BUSINESS
India sees ‘bumper’ sugar crop, allowing exports next season
The world’s second-biggest sugar producer in January permitted mills to ship as much as 1 million tons in the current season from October, easing restrictions that curbed overseas sales for more than a year.
INDIA
Modi-Macron talks: India, France agree to build modern nuclear reactors
The two nations have decided to partner on building advanced modular reactors and small modular reactors for civil use, according to a statement Wednesday from Ministry of External Affairs.
BUSINESS
IOC, BPCL to sign multibillion-dollar LNG purchase deals with Adnoc
The deals highlight India’s plan to more than double the share of gas in its energy mix by the end of this decade, even as infrastructure bottlenecks are constraining the expansion.
BUSINESS
Foxconn says open to buying Renault’s stake in Nissan
The Taiwanese company has approached Nissan and Honda Motor Co. about potential cooperation, Hon Hai Chairman Young Liu told reporters on Wednesday on the sidelines of a company event.
BUSINESS
Bonds extend losses as Powell says no rush to cut
Treasuries fell across the curve on Tuesday, with money markets still fully pricing in one rate cut by the Fed this year.
BUSINESS
Jerome Powell tells Congress Fed still in no rush to lower rates
“With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance,” Powell told the Senate Banking committee Tuesday.
BUSINESS
Altman says OpenAI is ‘not for sale’ after Musk’s offer
Altman previously rejected the surprise $97.4 billion offer from a Musk-led group with a joke: “No thank you but we will buy twitter for $9.74 billion if you want.”
INDIA
Nuclear power ‘absolutely’ on agenda at Modi-Trump meeting
India is seeking to develop more nuclear power to meet decarbonization goals.
BUSINESS
Donald Trump’s eye-for-eye tariff threat puts India at risk
The two Asian countries stand out because the tariffs they impose on the US are, on average, far above the rate charged on them by the US, according to a range of estimates from analysts who considered scenarios of like-for-like levies.
BUSINESS
KKR-backed Avendus sees domestic insurers hunting for private funds
The investment bank, which is backed by KKR & Co., is raising as much as Rs 3,000 crore ($343 million) for its Future Leaders Fund III. It held a first close at Rs 850 crore in January and is planning to close by June, said Ritesh Chandra, managing partner for private equity strategy.
BUSINESS
Power major NTPC discusses nuclear buildout with foreign firms
Electricite de France SA, Korea Hydro & Nuclear Power, Rosatom Corp, plus US firms GE Vernova Inc and Holtec International Corp. are among the companies in discussion with NTPC over technology cooperation, said the executive familiar with the conversations, asking not to be named as the plans aren’t yet public.
BUSINESS
US futures fall, dollar rallies, asia stocks trade mixed amid tariff concerns
The broadly defensive moves come as Trump set tariffs on steel and aluminum shipments from all countries, including major suppliers Mexico and Canada, from March 4 but said he would consider an exemption for Australia.
