MARKETS
Hottest emerging ETF sees record outflows as China back in favour
The largest emerging markets ex-China ETF saw record redemptions last week — leaving it on track for one of the few monthly outflows since 2022
WORLD
How Trump's call to axe USAID projects has provided a 'diplomatic gift' to China
By slashing foreign aid, Trump is giving China an easy opportunity to fill a vacuum and gain a soft-power advantage
WORLD
China phonemaker Vivo wants 70% of sales from overseas by 2027, to sell high-end gadgets in India
The closely held company already gets more than half of its sales from outside China, Chief Operating Officer Hu Baishan said
MARKETS
India’s onerous taxes are a buzz-kill for likes of Carson Block
Block has said that if India wants to attract foreign capital, it needs to change tack
BUSINESS
Bank of India’s first dollar loan in over a decade woos 22 banks
The rarity factor helped attract strong interest in the deal, allowing the borrower to increase the size by $100 million via the so-called greenshoe option
INDIA
PM Modi banks on households to rein in a $346 billion debt pile
A record Rs 29.7 trillion ($346 billion) of sovereign bonds are due over the next five years, a result of pandemic-era borrowing and Modi’s infrastructure-spending binge
BUSINESS
Trump may implement copper import tariffs within weeks
Trump has threatened to impose a duty of as much as a 25% on all copper imports
WORLD
India, others may have to face tough tariff talks as Trump says he doesn’t want ‘too many’ exceptions
US trading partners have raced to secure carveouts ahead from the levies Trump has placed at the center of his economic agenda
BUSINESS
Asian stocks seek new direction after weak US data
The 10-year US Treasuries yield edged up to 4.33% in early Asian trading after falling in the previous session
BUSINESS
ONGC, India’s top oil and gas explorer, prepares for a looming glut
According to the International Energy Agency, the world is entering an era of cheaper energy prices, with growing electricity use leading to a surplus of oil and gas.
BUSINESS
SBI raises $1 billion in one of the largest bank loan of 2025
Foreign-currency loans taken out by Indian issuers have declined 30% to $3.2 billion so far in 2025 from the year-earlier period, and are running at a four-year low.
WORLD
This country is the fastest growing tourism destination in Southeast Asia
Vietnam now ranks as the third-most-visited country in Southeast Asia, with 17.5 million international arrivals in 2024
BUSINESS
Tesla extends dismal run in Europe with 40% drop in February
The Elon Musk-led company registered 16,888 new cars in February, down 40% from a year ago
BUSINESS
Overseas investors drawn to Indian assets as confidence returns
Foreigners net bought $515 million of stocks in the week ended March 21, marking the first weekly inflow this year. They’ve plowed $3 billion into local bonds so far in March, the most since 2017.
BUSINESS
Trump’s threat of ‘secondary tariffs’ invents new trade weapon
With the threat, Trump appeared to be inventing a combination of tariffs and what are known as secondary sanctions, the financial punishments that can be imposed on other countries or people for doing business with sanctioned entities.
BUSINESS
Online grocer Zepto in talks for $250 million secondary sale ahead of IPO
The private equity arms of Motilal Oswal Financial Services Ltd. and Edelweiss Financial Services Ltd. are in discussions with the Bangalore-based startup to buy shares in the secondary sale
MARKETS
Chinese tech stocks fall more than 3%, nearing correction
The Hang Seng Tech Index dropped as much as 3.8% on Tuesday, taking its drop from a March 18 high to about 9%
TECHNOLOGY
Alibaba’s Tsai warns of a ‘bubble’ in AI data center buildout
A rush by big tech firms, investment funds and other entities to erect server bases from the US to Asia is starting to look indiscriminate, the billionaire executive and financier said
BUSINESS
Asian stocks advance on Trump’s tariff signals
Indexes in Australia and Japan advanced after Wall Street’s risk-on bid lifted shares of nearly all stripes in a rebound from a sharp selloff that has challenged the notion of US exceptionalism.
BUSINESS
OpenAI Expands COO’s Role as Altman Focuses on Research and Products
OpenAI has significantly expanded its leadership ranks since Altman was briefly ousted by the board in late 2023, reflecting the company’s growing headcount, valuation and ambitions.
BUSINESS
India to seek tariff reprieve in meeting with US officials
Brendan Lynch, US assistant trade representative for South and Central Asia, and a team of officials will visit India from March 25-29 as part of ongoing trade discussions, the US embassy in New Delhi said in a statement Monday.
BUSINESS
Jack Ma-backed Ant touts AI breakthrough using Chinese chips
Hangzhou-based Ant is still using Nvidia for AI development but is now relying mostly on alternatives including from Advanced Micro Devices Inc. and Chinese chips for its latest models, one of the people said.
WORLD
BYD sales top Tesla as tech focus wins over Chinese drivers
Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31, up 29%, according to a filing late Monday, beating estimates for 766 billion yuan. Tesla’s 2024 revenue was $97.7 billion.
AUTOMOBILE
BYD’s sales soar as Chinese carmaker captures world’s attention
BYD has risen quickly to the top of China’s car market — the world’s biggest and most competitive in terms of electric vehicles
