WORLD
Pressure mounts on Fed chief Powell in tee up to GDP, jobs data
Fed officials meet Tuesday and Wednesday, and are widely expected to keep rates unchanged again
WORLD
Trump says he could pardon Ghislaine Maxwell but hasn’t thought about it
Trump demurred again at another point during his exchange with journalists, saying it was an ongoing investigation.
BUSINESS
Alphabet’s rise propels CEO Sundar Pichai to $1 billion fortune
Sundar Pichai holds a 0.02% economic stake in the company, worth about $440 million, leaving the bulk of his fortune in cash
WORLD
US jobless claims fall for a sixth week, lowest since mid-April
Initial claims decreased by 4,000 to 217,000 in the week ended July 19, still the lowest since mid-April
WORLD
Trump denies wanting to destroy Elon Musk’s firms
Tesla’s shares pared a drop of as much as 9.5% after Trump’s post to trade down 7.8% as of 10:03 a.m. in New York
BUSINESS
Torrent Power is said to be in talks to buy L&T’s power unit for $1 billion
L&T has been evaluating selling its thermal unit to focus on its core engineering and construction business.
INDIA
India moves to shield power grids from solar equipment malware
India currently has 1.8 million rooftop solar units connected to the grid, ISGF said in a May report.
BUSINESS
Pakistan delegation set to meet Trump administration, US says
The South Asian nation, already the second-largest buyer of US cotton by value after China, has offered to boost imports of the crop as well as soybeans
BUSINESS
Thai baht falls from highest since 2022 on conflict with Cambodia
Sentiment was boosted earlier after Finance Minister Pichai Chunhavajira said on Tuesday the nation is close to an agreement with the US to lower a threatened 36% tariff on its goods ahead of the Aug. 1 deadline, and expects a rate closer in line with regional neighbors.
BUSINESS
Nestle weighs sale of vitamin brands after volumes decline
Revenue rose 2.9% on an organic basis in the first half of the year, in line with analyst estimates. Nestle shares fell 5% in early trading in Zurich
BUSINESS
China’s Chery to supply tech to help India’s JSW launch own EVs
Under an agreement between the two companies, JSW will pay Chery a one-off technology transfer fee and recurring royalties.
BUSINESS
Microsoft hack hits hundreds of firms, agencies as damage spreads
Hackers have breached about 400 government agencies, corporations and other groups, according to estimates from Eye Security, the Dutch cybersecurity company that identified an early wave of the attacks last week.
BUSINESS
EU readies €100 billion no-deal plan to match US' 30% tariff
The tariffs would be prepared to come into force next month but only if there is no deal and the US implements its levies after the August deadline, said the people who spoke on condition of anonymity to discuss private deliberations.
BUSINESS
Kotak Bank targets India’s fast-growing affluent customer pool
The lender launched 'Kotak Solitaire,' an offering targeted at salaried customers with Rs 75 lakh in relationship value and self-employed clients with Rs 1 crore
WORLD
Uber tests option in US to match female riders and drivers
The service will launch in Los Angeles, San Francisco and Detroit over the next few weeks, the company said in a statement
WORLD
Russia and Ukraine to hold new talks with peace hopes low
A Russian delegation led by presidential aide Vladimir Medinsky left Moscow on Wednesday for the talks in Turkey with a Ukrainian team led by Security and Defense Council Secretary Rustem Umerov
BUSINESS
India’s top LNG importer Petronet seeks $1.4 billion local loan
Local lenders including Axis Bank, State Bank of India and Union Bank of India are considering to join the facility, which is among the company’s largest fundraising exercises
BUSINESS
Tata Capital said to be seeking much higher IPO valuation of $18-20 billion
Tata Capital aims to raise about $2.2 billion in its IPO, which is expected to launch in the first half of September, the people said, asking not to be identified discussing confidential information.
BUSINESS
Modi’s visit sparks Indian Bids for Croatia’s infrastructure
New Delhi is a relative newcomer to the Balkans where Beijing has invested heavily in infrastructure projects through its Belt and Road initiative.
BUSINESS
Asian stocks, US futures rise on Japan trade deal
The deal with Japan will see the key American ally invest $550 billion into the US and will set tariffs on Japanese imports at 15%, Trump wrote.
BUSINESS
Trump says Japan deal reached with tariff rate set at 15%
“I just signed the largest trade deal in history — I think maybe the largest deal in history — with Japan,” Trump said at an event at the White House on Tuesday after announcing the deal on social media.
INDIA
PM Modi’s visit sparks Indian bids for Croatia’s infrastructure
New Delhi is a relative newcomer to the Balkans where Beijing has invested heavily in infrastructure projects through its Belt and Road initiative
WORLD
US treasuries edge higher as Bessent offers support for powell
Yields on Treasuries fell about 3 basis points across maturities
BUSINESS
Treasuries slip with Fed's Jerome Powell set to speak on regulation
US 10-year yields rose one basis point to 4.39%, partially reversing a 10-basis-point slide which began with last week’s weak producer price numbers for June.
