BUSINESS
India ready to weaken Rupee in line with Yuan after Trump win
BUSINESS
Shakeup of Indian airlines boosts competition, business seats
Vistara operates its final flight on Monday before its planned merger with Air India, and on Thursday, IndiGo debuts its business-class cabins on select routes for the first time.
BUSINESS
Bitcoin reaches $80,000 for first time on optimism over Donald Trump
The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday.
WORLD
Trudeau warns US tariffs on Canada would 'hurt American workers'
President-elect Trump said he'll impose a minimum 10% tariff on everything the US imports, and has not promised exemptions for Canada.
BUSINESS
Booming offshore Rupee bond market set for record year of supply
Investors have this year bought more than Rs 42,000 crore of offshore rupee bonds, which are rupee denominated but settled in dollars. That is almost double last year’s tally and has already beaten the full-year record set in 2017.
BUSINESS
India moves $1.2 billion of green debt to index-tracking menu
Environmentally friendly notes with a 10-year maturity to be issued in the second half of the 2024-2025 fiscal year will be included in the index-eligible fully accessible route category, the central bank said in a statement late on Thursday.
MARKETS
Asian shares pare gains as focus switches to China
Australian and Japanese shares advanced along with Hong Kong futures, while the Golden Dragon index of US-listed Chinese companies jumped 3.5%.
BUSINESS
Millennium in early talks to sell an equity stake to BlackRock
Millennium, one of the world’s largest hedge funds, has never sold a portion of its business to a third party. The firm has backed smaller hedge funds.
BUSINESS
Here’s who Trump may tap to drive his economic agenda
Trump’s transition work was formally launched in August, with Howard Lutnick, CEO of Cantor Fitzgerald LP, and Linda McMahon, co-founder of World Wrestling Entertainment, serving as co-chairs.
BUSINESS
Powell signals readiness to defy Trump in defense of Fed
Jerome Powell strictly avoided speculating on what policies might emerge from the incoming administration. But he readily weighed in when the matter involved protecting the institution he’s served since 2012.
BUSINESS
Fed cuts rates for second-straight meeting to support economy
Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75%
WORLD
EV growth expectations for Trump years are already being slashed
Donald Trump will face difficulties rolling back President Joe Biden’s Inflation Reduction Act legislation that spurred a building boom of EV and battery factories, many in Republican-leaning states
BUSINESS
Trump’s China threat has investors favouring India, Japan stocks
Market watchers see the possibility of funds flowing into India and Japan while investors assess Trump’s anti-China stance, with the president-elect earlier having threatened to put tariffs of as much as 60% on Chinese goods.
INDIA
Modi, Netanyahu, Putin: Who wins and who loses from Trump’s White House return
How everyone fits into his orbit this time will come down to how many ingratiate themselves and what kind of relationships they already had
BUSINESS
Trump's election win wreaks havoc on global rate-cut expectations
Trump has promised levies on US imports that would upend global trade, tax cuts that would further stretch the federal budget and deportations that could shrink the pool of cheap labor
BUSINESS
Trump’s return invokes memories of 24/7 tweets rocking markets
For many investors, Trump’s second term will mean closely monitoring X, formerly known as Twitter, as well as Trump’s own social-media platform Truth Social, his primary conduit to the public.
US-PRESIDENTIAL-ELECTIONS
Bitcoin hits record $76,000 as pro-crypto Trump wins presidency again
The largest digital asset rose as much as 10% to $76,106 with Trump winning a second term
US-PRESIDENTIAL-ELECTIONS
Most Asian stocks gain as traders mull Trump, Fed
Benchmark equity gauges slipped in China, Australia and South Korea, and were mixed in Japan
BUSINESS
In Trump markets, the big question is how much ‘MAGA’ 2.0 will cost
According to JPMorgan, boosting tariffs on China imports to 60% alone would hurt S&P 500 profits by as much as $15 a share, an amount that could wipe off almost half of 2025’s income gains.
BUSINESS
Rising US yields loom over Wall Street’s risk-on Trump rally
Investors are dialling back wagers on how aggressively the Federal Reserve will cut interest rates after economists warned that Trump’s policy proposals — from deregulation to tax cuts — could balloon the deficit and reignite inflation.
BUSINESS
Trump’s victory casts a shadow over the Federal Reserve
The US Fed is widely expected to lower the benchmark interest rate on Thursday by a quarter percentage point, a move that will come on the heels of a half-point cut in September.
WORLD
Donald Trump’s victory casts a shadow over the Federal Reserve
In his campaign, Trump promised to wield tariffs more aggressively against US trading partners, deport millions of undocumented immigrants and extend his 2017 tax cuts.
CRYPTOCURRENCY
Bitcoin jumps 8% to cross $75,000 for first time ever as traders watch US election 2024
Bitcoin’s more than 70% advance in 2024 has topped traditional assets such as global stocks and gold.
MARKETS
Stocks, dollar and yields rise on US election night
Equities in Japan and Australia climbed. Chinese equities were mixed, with the CSI 300 Index of onshore shares edging higher in early trading
