BUSINESS
US Treasury rally pauses with $125 billion of bond sales due
The biggest week for sales of longer government bonds since May could weigh on prices as the Treasury offers $125 billion of new three-, 10- and 30-year notes
BUSINESS
European Union awaits Trump actions on its car tariffs, exemptions this week
Under the terms agreed with Washington, the 27-nation bloc faces a 15% US tariff on most of its exports.
WORLD
BMW strikes back at Tesla with longer-range EVs
Starting next year, Neue Klasse model production will initially run parallel to current cars. From the end of 2027, BMW’s flagship plant will be the first existing site in its global production network to exclusively manufacture all-electric vehicles.
INDIA
Modi defiant as Trump steps up pressure on India’s Russian oil purchases
The government hasn’t given India’s oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases
BUSINESS
Unilever India’s new CEO has to invigorate a sluggish consumer giant
The company’s stock has inched up about 4% in the last three years while the benchmark NSE Nifty 50 index surged almost 42%.
WORLD
Trump to name new fed governor, jobs data head in coming days
Trump made the comments to reporters Sunday on his way back to the White House from a weekend in Bedminster, New Jersey.
BUSINESS
Asian stocks decline as traders pare back risk
The MSCI Asia Pacific Index fell 0.3% as shares in Japan slumped more than 2%.
WORLD
Trump fires data chief on bad job news, gets chance to tilt US Fed
Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in US hiring
WORLD
OPEC+ agrees in principle to another bumper supply increase
The decision comes against the backdrop of threats by Trump to target Russian oil exports by putting secondary tariffs on buyers of its supplies
WORLD
Warren Buffett’s Berkshire hit with $3.8 billion Kraft Heinz charge
Berkshire marked down its carrying value of the Kraft Heinz stake to $8.4 billion at the end of June, according to a regulatory filing Saturday
WORLD
Ukraine claims drone attacks on two Russian oil refineries
The Ryazan refinery, about 120 miles (193 km) southeast of Moscow, is one of the largest in Russia and has a design processing capacity of about 340,000 barrels of crude a day
BUSINESS
Indian refiner snaps up US oil after Trump’s Russia threats
Indian Oil Corp. bought at least 5 million barrels US crude, on top of 2 million barrels of supplies from Abu Dhabi
WORLD
Trump tariff blitz unleashes delayed shock to global economy
Trump’s latest volley outlined minimum 10% baseline levies, with rates of 15% or more for countries with trade surpluses with the US.
WORLD
Wall Street’s months-long truce with Washington is shattering
The renewed weakness likely marked a welcome development to those who stuck to a preference in non-US assets of late.
WORLD
Trump’s 40% penalty for tariff dodging still missing key details
That penalty was included in the White House announcement Thursday evening that laid out global tariff rates from 10% to 41%.
BUSINESS
India oil refiners squeezed by anti-Russia push from US and EU
A major buyer of Russian oil, India is now finding itself blindsided by a more aggressive approach to the Kremlin from both Washington and Brussels
BUSINESS
Meta seizes its moment to spend more aggressively in the AI race
Investors cheered the plan, sending shares up more than 10% in after-hours trading
BUSINESS
China factory activity worsens as exports show signs of slowing
The official manufacturing purchasing managers’ index was 49.3, versus 49.7 in June, the National Bureau of Statistics said Thursday.
BUSINESS
Samsung chip profit tumbles while investors seek bottom
The chip arm reported three-month operating profit of 400 billion won ($288 million), the lowest in six quarters, versus analysts’ average projection for 2.73 trillion won.
BUSINESS
Microsoft set to hit $4 trillion market cap after earnings beat
Microsoft reported better-than-expected growth in its cloud business, and its closely-watched Azure cloud-computing unit posted a 39% rise in sales, handily beating the 34% analysts expected
BUSINESS
GSK’s profit outshines estimates as vaccines keep growing
The UK drugmaker’s best-selling shingles shot Shingrix as well as specialty medicines including drugs for asthma, HIV and cancer underpinned the brighter outlook
WORLD
China Politburo signals confidence in economy despite trade war
The world’s No. 2 economy has displayed 'great vitality and resilience' this year, the Communist Party’s decision-making Politburo said, according to a readout published Wednesday by the state-run Xinhua News Agency
WORLD
Shanghai evacuates 280,000 residents as tropical storm nears
The tropical storm has led to widespread transport disruptions in Shanghai, with local media reporting a suspension to ferry services and a reduction in speed limits on highways
BUSINESS
Jane Street seeks six weeks to respond to SEBI, may get fewer
Jane Street said in a statement on Monday it is engaging “constructively” with SEBI and has requested more time to respond to the regulator’s interim order dated July 3, without elaborating
