INDIA
India could order more homegrown reactors amid nuclear push
The government is considering seeking bids to build as many as 10 pressurized heavy water reactors with a capacity of 700 megawatts each — a third such bulk order
INDIA
India and Canada to anchor trade in energy, critical minerals
Canadian officials are liaising with international partners to create new frameworks for critical minerals trade, including to facilitate off-take agreements and strategic stockpiling
WORLD
S&P 500 rises above historic 7,000 with Fed, Big Tech earnings ahead
The S&P 500 Index rose 0.2% as of 9:48 a.m. in New York, with the benchmark surpassing the 7,000-point milestone for the first time
BUSINESS
Top importer explains why India is avoiding purchase of liquefied natural gas
India is potentially a massive market for LNG, but buyers there are price-sensitive and will opt for alternatives like coal or diesel if gas isn’t cheap enough
MARKETS
S&P 500 on brink of 7,000 in tech-powered rally
The upbeat mood in equity markets comes ahead of the Federal Reserve’s latest policy decision, with investors expecting interest rates to remain on hold
IPL
Rajasthan Royals gets $1.3 billion offer in test for IPL valuations
The sale of the Rajasthan Royals is being viewed as a crucial indicator of investor appetite for elite cricket assets
BUSINESS
ASML plans to cut 1,700 jobs after feedback that it's too complex
The reductions, amounting to about 4% of staff, will largely affect managerial positions in ASML’s IT and tech departments, CEO said.
BUSINESS
Asian currencies gain as dollar weakens before Fed
The Malaysian ringgit, Thai baht and the South Korean won all appreciated in early Asian trading after the Bloomberg Dollar Spot Index slid to its lowest since February 2022 during the US session.
BUSINESS
Are Uber drivers employees or contractors? Check what this Dutch court said
The individual circumstances of Uber drivers differ too much to determine whether they should all be classed as employees
WORLD
S&P 500 closes in on record as dollar rout deepens
Not even a slide in consumer confidence prevented a fifth day of gains for the S&P 500, which approached 7,000
WORLD
EU deploys first satellite service in bid to limit US dependence
The IRIS2 network will eventually have 290 satellites in multiple orbits.
BUSINESS
Dollar sinks to lowest level in four years as US risks grow
Friday’s rate-checking of the dollar-yen rate by Fed officials “drove down the US dollar further,” George Catrambone, head of fixed income at DWS Americas, told Bloomberg Radio
WORLD
Canada, India pledge to grow oil, petroleum trade in energy reset
Canada and India are set to revive energy ties, pledging expanded oil and gas trade and renewed cooperation as Ottawa resets relations with New Delhi and looks to diversify exports beyond the US.
WORLD
Aussie dollar rises toward 3-year high on yield appeal
BUSINESS
Gold extends gains above $5,000 as debasement trade gathers pace
Gold’s dramatic rally – the metal has more than doubled over the last two years – drives home bullion’s historic role as a gauge of fear in markets.
WORLD
Japan's Sanae Takaichi faces balancing act on Yen ahead of election
Official campaigning for the election started Tuesday as Takaichi seeks to solidify her majority in the lower house of parliament. Polls conducted over the weekend showed her approval ratings remained high, despite a slight dip across the board.
BUSINESS
Asian stocks dip on Korea tariffs, Yen holds gains
The Kospi Index, one of the world’s best-performing benchmarks this year, fell 0.9%, while the South Korean won weakened after four days of gains.
WORLD
Fed to hold rates as political storm intensifies around Jerome Powell
Jerome Powell’s post-meeting press conference will be his first public encounter with reporters since he was served grand jury subpoenas related to a Department of Justice investigation
BUSINESS
Russia’s first domestically built ice-class tanker nears sanctioned Arctic plant
Designed to be Russia’s largest liquefied natural gas plant, Arctic LNG 2 is central to the country’s ambition to triple annual LNG output to 100 million tons and capture a 20% share of the global market
BUSINESS
AI job cuts are landing hardest in Britain, Morgan Stanley says
The report surveyed firms that have been using AI for at least a year, in five industries exposed to the technology — consumer staples and retail, real estate, transport, health-care equipment and automobiles
BUSINESS
Blackstone eyes more hiring in Asia to tap private market demand
Investment managers are increasingly eager to capture money flows from high net-worth individuals, in large part because these investors still have negligible exposure to private equity and private credit.
WORLD
US natural gas hits $6 for first time since 2022 on Arctic blast
The big freeze has strained electricity grids and crippled transport links, grounding thousands of flights
BUSINESS
Mining stocks in Asia gain as hard-asset trade gathers pace
A group of materials producers led gains Monday on MSCI Inc.’s broadest index of Asia Pacific equities.
BUSINESS
Samsung nears Nvidia’s approval for key HBM4 AI memory chips
Nvidia uses vast quantities of high-bandwidth memory, or HBM, to enable its AI accelerators
