WORLD
Fed faces dot-plot cliffhanger as May inflation report looms
Disappointing inflation data since the projections were last updated in March are almost certain to prompt a downgrade to the number of rate cuts envisioned for this year.
BUSINESS
British PC maker Raspberry Pi soars in London trading debut
The stock gained as much as 40% from the pricing of its £166 million ($211 million) IPO, before paring gains.
BUSINESS
Pimco warns of more US Regional Bank failures on property pain
Contrary to some market expectations, larger banks have been disposing of some of their higher quality assets first to avoid deeper losses, according to Murray
BUSINESS
Cube Highways to raise up to Rs 2,000 crore for toll roads
The company is working with advisers and may raise the capital via private placement in the next two months, the people said
BUSINESS
Bond traders will follow new Fed dots all the way into 2025
Treasuries inched higher on Tuesday as investors look to parse policymakers’ latest quarterly economic and interest rate projections — known as the dot plot — on Wednesday.
TECHNOLOGY
Tesla’s investor vote on Elon Musk’s pay package won’t get him his money
The carmaker is banking on the Delaware Supreme Court, which will hear any appeal of McCormick’s ruling, taking a favorable view of investors re-ratifying the deal.
BUSINESS
Singapore ramps up scrutiny of family offices, hedge funds
Family offices that have been granted tax exemptions were given new forms asking for greater detail in May and told to submit the information by the end of June.
BUSINESS
Canadian investor inspired by Warren Buffett sinks after founder sells
The company lost about C$80 million in market capitalization by the end of trading in Toronto on Monday, with trading volumes more than five times the three-month average.
BUSINESS
Top vaccine maker Serum Institute sees demand doubling in five years
The world’s largest vaccine maker currently has the capacity to produce 3 billion doses of all types of vaccines each year, but only sells about 1.5 billion doses annually. The Pune-based firm is forecasting that will change.
TECHNOLOGY
Musk to ban Apple devices if OpenAI is integrated into OS
“If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies,” Musk wrote on X, the social network that he owns. “That is an unacceptable security violation.”
WORLD
Dubai takes on Abu Dhabi in race for supremacy in family offices
“Every Tom, Dick and Harry around the world is trying to come here,” said Ryan Lemand, co-founder and chief executive officer of Abu Dhabi-based Neovision Wealth Management. “It’s like the gold rush.”
BUSINESS
Julius Baer targets rich Indians in Dubai with UBS, JPMorgan hires
Sanjay Advani has joined from UBS as a managing director and team head of Julius Baer’s global non-resident Indians business in the emirate, according to a statement. Nisar Sindhi, previously at JPMorgan, has been named managing director and senior adviser.
WORLD
EM traders flock to local debt as election shocks upend FX bets
Ashmore Plc and Ninety One are among those adding to positions in local debt, particularly in frontier markets.
BUSINESS
Cheaper Indian rupee boosting its lure as carry trade: Bank of America
The rupee has become one of the least volatile currencies in emerging markets, aided by a long interest-rate pause by the Reserve Bank of India and record foreign exchange reserves.
BUSINESS
Fed dot plot is set to offer glimpse of rate-cut resolve
Investors are anticipating insights into the Federal Reserve's monetary policy stance as US policymakers release their interest rate forecasts on Wednesday, the first update in three months. While Chair Jerome Powell is expected to maintain borrowing costs, uncertainty remains regarding officials' rate projections.
BUSINESS
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies
BUSINESS
Here’s what India’s top money managers are buying post elections
The asset manager remains bullish on domestic cyclicals, including automobiles, cement, and capital goods
SPORTS
T20 World Cup: India-Pakistan clash could fetch $4,800 a second as cricket makes US push
India vs Pakistan: The International Cricket Council is trying to draw wider global attention to the sport ahead of its inclusion in the 2028 Los Angeles Olympics.
MARKETS
Foreigners snap up Indian bonds, shrugging off PM Modi vote setback
Foreign purchases of the nation’s index-eligible sovereign securities have reached roughly 50 billion rupees ($599 million) so far this week, according to the local clearing agency’s latest figures.
BUSINESS
Paytm’s UPI market share continues to slide after RBI crackdown
Paytm accounted for 8.1% of total UPI transactions in May, down from 13% in January, according to data released by the National Payments Corporation of India.
LOK-SABHA-ELECTION
India to benefit from coalition checks on PM Modi, Eurasia says
“This is going to end up being good for the Indian people,” Bremmer told Bloomberg TV’s Menaka Doshi in a webinar. “Frankly, the lack of checks and balances in India would have been a concern.”
WORLD
Elon Musk’s xAI to develop new supercomputer in Memphis
Musk and his team at xAI have been working with officials in the Tennessee city since early March to plan the new factory, which would be the “largest multibillion-dollar investment in the city of Memphis’s history,” said Ted Townsend, president of the Greater Memphis Chamber, a local nonprofit funded by the city’s private business community.
BUSINESS
Byju’s creditors petition to put more units in US bankruptcy
Creditors led by HPS Investment Partners filed involuntary Chapter 11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc. and Tangible Play Inc. on Wednesday. All three were once affiliated with Byju’s Alpha, a unit of the once high-flying startup that was put into bankruptcy earlier this year after defaulting on $1.2 billion of debt.
BUSINESS
BlackRock stays bullish on Indian bonds after narrow PM Modi win
The coalition of parties led by Modi is unlikely to deviate from the path of fiscal consolidation, and cooling inflation will allow the Reserve Bank of India to embark on easing later this year, according to Neeraj Seth, chief investment officer and head of APAC fundamental fixed income at BlackRock.
