BUSINESS
China boosts index investments in latest bid to revive market
The regulator set a goal of strengthening the asset allocation function of index funds and providing more convenient channels for medium- and long-term funds to enter the market.
BUSINESS
Trump slaps Colombia with 25% tariffs, sanctions in migrant dispute
Trump’s abrupt tariff announcement rattled global markets Monday after investors were lulled into a false sense of security when he refrained last week from immediately imposing tariffs on major trading partners including China.
BUSINESS
Wall Street’s big hope is Donald Trump pulls his punches on immigration
While the Trump administration declared a national emergency at the southern border and started sending deportees back to Central America, it has so far held off on mass deportation
BUSINESS
Apple enlists company veteran Kim Vorrath to help fix AI and Siri
The move helps bolster a team that’s racing to make Apple a leader in AI — an area where it’s fallen behind technology peers.
WORLD
S&P 500 sees best start for a US President since 1985
Equities hovered near all-time highs on Friday, with the S&P 500 climbing about 2% this week
WORLD
Trump’s WHO exit threat triggers hiring freeze, cost cuts
The US withdrawal “has made our financial situation more acute,” WHO Director General Tedros Adhanom Ghebreyesus told staff in an email
BUSINESS
Highest liquidity gap in decade spurs speculation about RBI hand
The RBI has been selling dollars through the past year to support the sliding rupee
BUSINESS
China’s Sany Heavy considering stake sale in India business
The company has held talks with prospective financial advisers as it evaluates a stake sale in Sany Heavy Industry India, people said, asking not to be identified because the process is private.
BUSINESS
Trump says he would ‘rather not’ have to impose tariffs on China
Trump has wielded tariffs as a frequent threat against friends and adversaries, and for the US promised additional revenue from them would help fund his domestic priorities.
BUSINESS
Emerging market currencies get relief rally from softening Trump threats
Emerging currencies are rebounding after suffering their worst quarterly drop since September 2022 in the final months of 2024 as traders priced expectations of a widespread trade war and a more hawkish Federal Reserve amid inflationary pressure in the US.
WORLD
Purdue, Sackler family reach new $7.4 billion opioid accord
The deal comes after the US Supreme Court last year rejected a $6 billion pact that would have protected the Sacklers, Purdue’s owners, from any further litigation related to the addiction crisis
WORLD
Trump blasts EU regulators for targeting Apple, Google, Meta
The EU has established a reputation globally for its aggressive regulation of major technology companies
WORLD
CNN cuts 6% of jobs in strategy pivot to focus on streaming
Chief Executive Officer Mark Thompson told staff that Warner Bros. will invest $70 million to help support CNN’s pivot
WORLD
TikTok weighs non-sale options, ByteDance’s Ford says
The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation
WORLD
Trump surprises Davos, alleges top US banks reject conservatives
The exchange occurred during a virtual question and answer session on the stage of the World Economic Forum in Davos, Switzerland, drawing gasps from the audience
MARKETS
US stocks rebound as oil slides after Trump’s remarks
A slide in oil, which tends to ease concerns about inflation, also helped push the policy-sensitive two-year yields down
WORLD
Trump urges lower oil prices, interest rate cuts at Davos
Trump also said he would demand an immediate drop in interest rates
WORLD
'Faster walks, less hanging out': This US study finds how urban pedestrians' behaviour has changed
Applying modern AI techniques to old video footage, researchers compared pedestrian activity in 1980 and 2010 across prominent locations in Boston, New York City and Philadelphia
TECHNOLOGY
Oracle takes run at cloud’s big three with Trump-backed AI pact
Oracle shares have performed like some of the tech giants that have driven the market’s gains for the past two years
BUSINESS
Indian insurers push for more hedging tools from regulator
The insurers have suggested permission to trade derivatives for products that have exposure to benchmark stock indexes as an initial step.
BUSINESS
BPCL struggles to get Russian crude for March amid stringent US sanctions
India’s second-biggest refiner has been relying on Russian barrels, which are at least $3 per barrel cheaper than dated Brent
BUSINESS
JLR owner Tata Motors says profits hurt by China’s economic slowdown
During the September quarter, wholesale volumes in China were down 38% on-year, compared to a 44% jump in the North American market and a 6% increase in Europe.
BUSINESS
Short Rupee on India growth slowdown, UBS Narain says
Indian stocks have lost almost $500 billion in market value in the past month, with MSCI Inc.’s index for the nation marking the worst start to a year since 2016. The rupee has fallen to successive record lows against the US dollar, the worst performance in Asia.
BUSINESS
India oil buyers pull all levers to replace Russian shipments
State-owned processors have issued a slew of spot tenders in recent weeks, snapping up oil from all corners of the world including Middle East, Africa and the US.
