WORLD
Pakistan faces production crunch as global demand for China-backed JF-17 jets surges
Pakistan’s JF-17 fighter jets see rising global demand, challenging production capacity and signaling a major step in its defense exports.
BUSINESS
Disney taps parks chief Josh D’Amaro to succeed Bob Iger as CEO
D’Amaro, a 28-year-veteran of Disney, will succeed Iger effective March 18, the Burbank, California-based company said Tuesday in a statement.
BUSINESS
Gold claws back some ground after dramatic unwinding of rally
Spot gold climbed as much as 4.2% to over $4,855 an ounce, after falling 4.8% in the previous session
BUSINESS
US trade deal win may spark foreign buying rush in Indian stocks
The move is widely seen by fund managers as a catalyst for global investors to return to Indian equities, which logged their worst January since 2016, while also offering support to a rupee that has slid to a series of record lows.
BUSINESS
Asian stocks climb with metals as volatility eases
Stocks in South Korea — a poster child for artificial intelligence and one of the world’s best-performing markets this year — recovered after plummeting 5.3% on Monday.
BUSINESS
Musk’s SpaceX combines with xAI at $1.25 trillion valuation
The deal gives SpaceX a valuation of $1 trillion, and xAI a value of $250 billion, people familiar with the matter said.
BUSINESS
Gold plunge deepens as traders unwind ‘crowded’ bets on rally
Spot gold fell as much as 10% on Monday and is now down almost a fifth from an all-time high reached in the last-but-one session
BUSINESS
Temasek, LIC are said to plan share sales in NSE IPO
State Bank of India Ltd. and SBI Capital Markets Ltd. are also likely to participate as sellers in the long-awaited IPO
WORLD
South Korea’s world-beating stock rally stumbles as risk-off wave hits
The Kospi tumbled as much as 5.6%, the most since November, and a slide in futures triggered a halt in program trading on the benchmark index
BUSINESS
Bitcoin flirts with lowest price since Trump’s return to office
Bitcoin fell as much as 2.5% to $74,541, just shy of its lowest level seen since Donald Trump retook the White House a little more than a year ago
COMMODITIES
Copper slump deepens as traders wait for China bulls to step in
January was the busiest month ever for metals trading on the Shanghai Futures Exchange, and copper volumes surged on Friday to a record amid the sharp selloff.
WORLD
Kevin Warsh’s return revives tensions over Fed’s $6.6 trillion QE hangover
Warsh has repeatedly and loudly blasted his old colleagues over the years for letting the bank’s assets balloon, prompting speculation in markets that he could move quickly to have them drawn down
WORLD
BYD leads China EV selloff after weak January sales figures
BYD shares fell as much as 5.1% in early trading — the most in three months — after reporting sales fell 30% last month from a year earlier
BUSINESS
Disney is close to picking theme parks chief Josh D’Amaro as next CEO
If approved, D’Amaro will succeed Bob Iger, who ran the world’s largest entertainment company from 2005 to 2020 and returned as CEO in 2022.
BUSINESS
Gold plunges after biggest drop in a decade as rally unwinds
Spot gold fell as much as 6.3% on Monday. Silver swung sharply, dropping to around $75 an ounce having earlier climbed as much as 3.2%.
BUSINESS
Asian stocks decline as gold and silver whipsaw
Asian shares fell 1% and Nasdaq 100 Index futures dropped 0.8%.
WORLD
Iran renews threat to strike Israel as US attack fears grow
Tehran is closely monitoring hostile movements across the region, Hatami said, adding that “our finger is on the trigger,” according to the report.
WORLD
Musk says he repeatedly declined invitations from Epstein
“No one pushed harder than me to have the Epstein files released and I’m glad that has finally happened,” Musk wrote.
BUSINESS
CME raises Gold, Silver margins after historic price plunge
The increase means those who want to trade futures of gold, silver, platinum and palladium will need to put up more collateral to ensure they can meet their obligations.
WORLD
Howard Lutnick sought visit to Epstein’s island, DOJ files indicate
In a December 2012 email, Lutnick asked Epstein if it would be possible for his family and another to visit his island during a trip to the Caribbean.
WORLD
'Uncle Jeffrey': Top Goldman lawyer features in Epstein docs
On Halloween in 2018, after she told him that she’d contacted the chair of her law firm about a financial matter, Epstein wrote back: “good girl.” The next year, he was charged with sex trafficking minors, and he died in prison soon after.
WORLD
Jeffrey Epstein weighed buying jet from Apollo's Marc Rowan
Epstein’s deep ties with Apollo co-founder and former CEO Leon Black have dogged the alternative asset manager since 2019, when Epstein was arrested on federal charges that he molested and exploited teenage girls.
BUSINESS
Nvidia halts plan to invest $100 billion in OpenAI, WSJ says
The companies announced the agreement in September, saying at the time that they had signed a letter of intent for a strategic deal. The $100 billion was meant to support new data centers and other AI infrastructure, built with Nvidia components.
BUSINESS
Metals see wild swings: Silver plunges 20% in biggest intraday drop since 2008, gold down 8%
Copper fell almost 4% in London, after surging above $14,000 a ton for the first time Thursday in its biggest intraday jump since 2008.
