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.
WORLD
Apple readies dramatic software overhaul for iPhone, iPad and Mac
Apple is betting that a breakthrough new interface can help spur demand after a sluggish stretch. Its revenue slowed following a pandemic-era surge in technology spending, and growth is only returning gradually. Apple’s iPhone — its biggest moneymaker — suffered a surprise dip in sales during the most recent holiday season.
MARKETS
Nasdaq 100 slumps 3% as growth fears lift bonds; 'magnificent seven' sink 5%
As if things weren’t jittery enough, a plunge in the S&P 500’s most influential group — big tech — weighed heavily on trading amid a rotation into defensive shares
BUSINESS
Tesla is flailing in China and BYD’s rapid rise is to blame
Elon Musk’s automaker has been backsliding in China for the past five consecutive months on a year-on-year basis
WORLD
Trump-Israel tensions begin to surface over Gaza hostage talks
As details emerged about talks between Adam Boehler, the US envoy for hostages, and a top Hamas representative, Israeli leaders quietly expressed their displeasure, saying Hamas is a terrorist organization whose words can’t be trusted or taken at face value
WORLD
North Korea fires missiles as US, South Korea begin joint drills
At least two missiles were launched from the Hwanghae Province in the North’s west, South Korea’s Joint Chiefs of Staff said.
BUSINESS
Mumbai Ring Road Project gets $2.5 billion funding commitments
The new road, part of an ambitious infrastructure makeover of the world’s densest metropolitan region, is intended to reduce traffic congestion near Mumbai and improve road quality.
BUSINESS
Asian equities poised for weak open, futures drop
In Asia, China’s consumer inflation dropped far more than expected to fall below zero for the first time in 13 months as deflationary pressures persisted in the economy.
WORLD
Trump company sues ‘woke’ Capital One for canceling accounts
Trump’s company is seeking a court order holding that Capital One canceled the accounts in violation of state consumer protection and consumer fraud laws
INDIA
Howard Lutnick sees US-India deal covering tariffs, weapons and dollar
The comments come as US President Donald Trump has indicated India could be among nations hit with reciprocal duties, which Lutnick has stressed will start April 2. Trump criticized India’s high tariffs on Thursday, calling the upcoming like-for-like duties “the big one.”
WORLD
Russian President Vladimir Putin ready to agree to Ukraine truce with conditions
The details emerged as the US and Ukraine plan to meet in Saudi Arabia next week for their first direct talks since Trump’s Oval Office bust-up with President Volodymyr Zelenskyy last week.
WORLD
Nasdaq joins exchanges seeking to offer round-the-clock trading
The second-largest US exchange operator plans to enable the extended trading five days a week, according to Nasdaq President Tal Cohen. It expects to start round-the-clock trading in the second half of 2026, pending regulatory approval and alignment with the rest of the industry, Cohen said in a post on LinkedIn.
BUSINESS
Nippon Life is said to consider buying stake in IndusInd Bank
Nippon Life Insurance Co.’s India unit is considering buying a minority stake in IndusInd Bank Ltd. with the aim of using the lender’s network to expand sales of its insurance products.
BUSINESS
Alibaba’s Sudden ADR Discount Shows Fear of US-China Decoupling
On Friday, Alibaba’s Hong Kong-listed shares edged lower, erasing a gain of as much as 3.6% in Hong Kong. Still, its stock has rallied around 80% since a January low.
