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.
BUSINESS
Adani partners with Mayo Clinic for not-for-profit health care foray
The integrated health care campuses will comprise of super-specialty hospitals, a medical college with an annual intake of 150 undergraduates and more than 80 residents, and research facilities.
BUSINESS
Coke’s $7 billion bet on milk hits big, but Wall Street wants more
Fairlife filters its milk to boost protein, reduce sugar by half and eliminate lactose, while also, according to fans, being creamier. That’s helped it become Coke’s fastest-growing US brand and crucial to its growth strategy of moving beyond soda.
BUSINESS
India LNG buyers negotiate US deals before Modi-Trump summit
Buyers will hold meetings over the next few days as energy producers and purchasers gather for the India Energy Week conference in Delhi, said the people, who asked not to be identified discussing sensitive matters.
WORLD
DeepSeek sparks hope for renaissance in China’s tech megacaps
Market watchers are increasingly touting how the AI model will be a game changer for Chinese tech companies and their stocks
WORLD
High approval rating for US President Donald Trump in first month: Report
The poll, conducted Wednesday through Friday of last week, showed Trump had a 53% approval rating. The poll of 2,175 adults had a margin of error of 2.5 percentage points
WORLD
Donald Trump suggests Elon Musk found irregularities in effort at US Treasury
Trump didn’t elaborate on what problems Musk found
WORLD
Trump’s rush to unleash executive power hits a judicial wall
According to a Bloomberg News analysis, more than 40 lawsuits have been filed challenging the barrage of activity by the new administration
BUSINESS
Donald Trump plans to unveil 25% steel, aluminum tariffs on February 10
Trump, speaking to reporters Sunday on Air Force One, said the tariffs will apply to the metal imports from all countries
INDIA
Trade tariffs to Musk: What's on agenda for Modi-Trump meet next week
Modi is scheduled to arrive in Washington on February 12 and likely to meet with Trump on February 13
WORLD
Musk’s DOGE team now seeks access to US treasury’s accounting data
The planned visit opens a new window into some of the US government’s most sensitive financial data
WORLD
Trump-driven volatility sends Asian funds searching for shelter
Asian investors are responding to the volatility by seeking out assets offering relative protection from the swelling global trade frictions
WORLD
Elon Musk says he doesn’t want to buy TikTok’s US business
'I’m not chomping at the bit to acquire TikTok,' said Musk, who bought Twitter in 2022 before renaming the social media service X. 'I usually build companies from scratch'
INDIA
Modi’s Trump agenda to focus on trade, defense, Elon Musk meeting
During PM Modi’s visit, New Delhi may also signal its willingness to buy more defense products, such as fighter jets and drones, and oil from the US, the people said.
WORLD
Donald Trump says he will announce reciprocal tariffs next week
Donald Trump has repeatedly complained about levies other countries impose on US goods, arguing the nation needs a 'fair deal'
WORLD
Trump will seek to end carried interest, expand SALT in tax bill
White House Press Secretary Karoline Leavitt told reporters that Trump laid out those measures and other provisions he would like to see in a sweeping tax bill this year during a meeting Thursday.
WORLD
US spy world worries it may be next for Trump’s DOGE-led purges
So far, Musk’s DOGE team has focused on other parts of the government, such as the Treasury Department and USAID
BUSINESS
Melania memecoin is down 90% from peak as novelty value wanes
Melania Trump’s crypto memecoin MELANIA has lost almost 90% of its value in the weeks since Donald Trump’s inauguration
