BUSINESS
Jane Street’s $10.1 billion trading haul sets Wall Street record
A representative for New York-based Jane Street declined to comment on the firm’s results.
INDIA
India challenges high US tariffs on some copper imports at WTO
New Delhi told the WTO that the US tariffs were 'safeguard measures' and not notified by Washington as per the rules of the Geneva-based trade body
WORLD
US manufacturing activity contracted in August for a sixth month
The Institute for Supply Management’s manufacturing index came in at 48.7 last month, according to data released Tuesday
BUSINESS
Russian oil gets cheaper for India as US amps up criticism
The price of Urals crude has dipped to a discount of $3 to $4 a barrel to Brent on a delivered basis
ECONOMY
Russia’s oil cargoes flood to China as tariffs crimp India flows
Trump’s doubling of US import tariffs on goods from India to 50% appears to be hitting the flow of Moscow’s crude to the nation despite the defiance of the government in New Delhi
MARKETS
Globe Capital, Groww parent back India bourse’s derivatives push
NCDEX is raising Rs 770 crore ($87 million) by selling shares to a group of 61 investors
WORLD
Tesla’s China shipments suffer back-to-back drop as rivals gain
The electric vehicle maker shipped 83,192 units from the plant last month, according to preliminary data
BUSINESS
Kraft Heinz to separate into two publicly traded companies
The announcement unwinds a $46 billion merger a decade ago that united two iconic brands.
WORLD
Even the most-resilient glaciers are falling victim to climate change
A study published on Tuesday finds that a glacier in Tajikistan probably reached its tipping point in 2018, with conditions deteriorating since then
WORLD
Xi, Putin tighten ties in Beijing with apparent gas breakthrough
The head of Russia’s Gazprom PJSC said the gas giant has signed a legally binding agreement to build the long-anticipated Power of Siberia 2 pipeline to China via Mongolia
BUSINESS
ASML pitches for India business as PM Modi eyes local chip making
The Veldhoven, Netherlands-based company wants to deepen its collaboration with Indian companies in the year ahead
BUSINESS
Asian stocks edge up, Japan bond auction in focus
Japan’s 10-year government bond auction Tuesday will be a key test of investor appetite amid growing expectations of rate hikes by the Bank of Japan and mounting political uncertainty.
WORLD
Nestle ousts CEO over office affair and taps Nespresso boss
The named Philipp Navratil, who heads the Nespresso coffee brand, as his replacement.
WORLD
BRICS leaders schedule virtual meeting to discuss Trump tariffs
The BRICS summit will follow a crucial meeting between China’s President Xi Jinping and PM Modi in Tianjin over the weekend
BUSINESS
‘Easier to pump’: Trump-tied crypto token opens for trading
Early investors, who don’t include founders like Donald Trump Jr. and Eric Trump, can sell no more than 20% of their holdings as part of Monday’s launch; the rest will remain non-tradable.
WORLD
SCO members agree to set up development bank in win for Xi Jinping
Members of the Shanghai Cooperation Organization agreed to establish the institution, Chinese Foreign Minister Wang Yi said
WORLD
Renault overhauls top management with Dacia boss leaving
Renault is tapping Katrin Adt, a longtime Mercedes-Benz Group AG executive, to succeed Denis Le Vot as head of the popular Dacia brand
BUSINESS
India’s surprise GDP flattered by data calculation, say analysts
Data last week showed the economy expanded 7.8% in the April-June quarter — the most in over a year and way above the 6.7% median forecast in a Bloomberg survey of economists
INDIA
India pushes back against US moves on Russian oil imports
Russia, which previously held a negligible share of India’s oil imports, has accounted for 37% of the world’s third largest oil consumer buys this year
BUSINESS
Brazil President Lula authorises retaliation process against Trump’s tariffs
The move was reported earlier by O Estado de S. Paulo newspaper
BUSINESS
US removes China waivers for Intel, Samsung and SK Hynix
The companies have 120 days until the waiver expires, according to an announcement on the US Federal Register
BUSINESS
BYD profit jumps as aggressive overseas push bolsters sales
Net income totaled 15.5 billion yuan ($2.2 billion) in the six months ended June 30, the carmaker said in a filing on Friday. Revenue climbed 23% to 371.3 billion yuan, it said.
INDIA
China reacts to 'secret diplomacy' with India, pushes for stronger ties amid tariff turmoil
There was no “secret diplomacy” between the two countries, only “normal communication and interaction,” it said.
BUSINESS
China drought of rare earths to India in focus for Xi-Modi meet
While the overall shipments of rare earth magnets to India from China spiked in July, the people familiar said that this was due to the easing of flows of lighter grade rare earth magnets (LREs), which can be used as substitutes in small motors.
