WORLD
Russian missiles strike US electronics plant in western Ukraine
Local authorities said that at around 4:40 a.m. local time, two Russian cruise missiles hit the company’s premises in Mukachevo
INDIA
India and Russia seek to increase trade to $100 billion as US ties fray
Jaishankar said during a visit to Moscow that the two countries must remove trade bottlenecks and reduce non-tariff barriers
MARKETS
India stocks now EM investors’ biggest underweight, says Nomura
Investors re-allocated from India to Taiwan, Hong Kong/China and South Korea in July, with 71% of EM funds becoming underweight on India at the end of the month
WORLD
Donald Trump plans executive order on flag burning: Report
Trump has long sought to impose penalties for flag burning, floating punishments including a prison sentence or a loss of citizenship
WORLD
Texas House passes Trump-backed redistricting plan to boost GOP ahead of 2026 midterms
The Texas House approved a Republican-led congressional map aimed at gaining up to five GOP seats, despite Democratic opposition and threats of legal action.
IPO
India becomes rare hub for green IPOs with $4 billion of deals
The wave of green listings comes on the back of a pickup in India’s broader IPO market after a slow start to the year
MARKETS
Asia stocks rise as Nasdaq bounces from lows
South Korea’s Kospi index rose over 1%, led by a gain in Samsung Electronics Co. shares. LG Display Co. climbed in Seoul while Advantest Corp. jumped 4% in Tokyo
BUSINESS
Federal Reserve Governor Lisa Cook says she won’t be bullied into stepping down
Trump has tarnished Fed Chair Jerome Powell as “Too Late” for not slashing rates months ago, and suggested he too should step aside.
BUSINESS
Guess will go private in $1.4 billion deal with Authentic
The deal’s valuation includes debt, the company said in a statement
WORLD
SpaceX’s expensive Starship explosions are starting to add up
Since its inception, SpaceX has made highly visible test flights that sometimes fail in spectacular ways something of a calling card, with cinematic broadcasts on X, Musk’s social-media platform
BUSINESS
Intel rescue will depend on Trump as investor — and Pitchman
Wall Street analysts don’t expect the money alone to turn around Intel’s business, which has suffered from years of declining sales and the loss of market share
BUSINESS
China’s rare-earth magnet exports to US hit six-month high after trade deal
The Asian nation shipped 619 tons of rare-earth permanent magnets to the US, up from a low of 46 tons in May, when the two countries were still locked in a damaging tit-for-tat trade war
WORLD
China teases glimpse of advanced new weaponry at military parade
China under President Xi Jinping has been spending heavily to upgrade its military
BUSINESS
Powell’s global peers to cheer for the Fed in rebuke to Trump
The Fed chair is facing relentless attacks from President Donald Trump for refusing to cut interest rates. Trump has also pledged to replace Powell next year when his term as chair expires with someone more compliant.
BUSINESS
Novo Nordisk’s new CEO starts hiring freeze in cost-cutting push
The hiring freeze will apply across all markets and departments, with the exception of business-critical roles, a spokeswoman said.
WORLD
Meta restructures AI group again in pursuit of superintelligence
The new structure is meant to “accelerate” the company’s pursuit of so-called superintelligence, according to an internal memo sent Tuesday by Alexandr Wang, the former Scale AI chief executive officer who recently joined Meta as chief AI officer.
WORLD
Airbus workers to strike at UK wing factories over pay
The industrial action will start on Sept. 2 and continue over a three-week period at Airbus wing factories in Broughton and Filton, according to Unite, a union that represents more than 3,000 Airbus engineers and aircraft fitters
BUSINESS
Pop Mart shares hit record as CEO announces new mini Labubu
The stock climbed as much as 14% to HK$319.4, the highest level since the company went public in December 2020, and closed at HK$316
MARKETS
Citadel Securities expands team in India after Jane Street saga
The Miami-based company aims to recruit more traders and senior roles at its Indian operations
BUSINESS
Trump embarks on $104 million bond-buying spree while in office
The 690 transactions, the first of which was made the day after his inauguration, total at least $103.7 million, according to a document released by the White House
BUSINESS
Intel’s $24 billion rally sends valuation to dot-com levels
Shares of the struggling chipmaker have rallied 28% this month, adding about $24 billion in market value, on reports that the US government is in talks for a potential equity stake, as well as plans for a $2 billion investment from Japan’s SoftBank Group Corp.
BUSINESS
Asian shares, Nasdaq futures fall after tech slide
Stocks opened lower in Japan, Australia and South Korea while MSCI’s Asia Pacific Index fell 0.3%.
BUSINESS
US targets Chinese steel and lithium for forced-labour scrutiny
The announcement of new ‘high-priority sectors’ targeted under the four-year-old Uyghur Forced Labor Prevention Act was included Tuesday in an annual update to the US government’s enforcement efforts
BUSINESS
US seeks Intel stake without governance rights, Lutnick says
Intel rose as much as 11% in New York trading on Tuesday, while SoftBank fell 4% in Tokyo.
