BUSINESS
Indian IPOs set to raise up to $18 billion in second-half surge
Among the most anticipated listings is Tata Capital Ltd., which is gearing up for a $2 billion IPO.
BUSINESS
JM sees Indian IPOs adding $3 trillion market value over decade
IPOs have raised more than $6 billion this year, according to data compiled by Bloomberg
WORLD
Asia shares flat as dollar, stock futures dip on Trump’s copper tariff
Contracts for the S&P 500 index edged down 0.2% and a gauge of the dollar dipped by 0.1% Thursday
BUSINESS
AI push: Facebook parent Meta invests $3.5 billion in maker of Ray-Ban glasses
Facebook parent Meta acquired just under 3% of the Ray-Ban maker, a stake worth around €3 billion ($3.5 billion) at market prices, said the people, who asked not to be identified because deliberations are private.
BUSINESS
Indian Oil and Adani Gas JV plans $161 million convertible bond sale
The city gas distribution firm’s deal could be the biggest such hybrid instrument in the country since another Adani company ATL HVDC’s Rs 900 crore offering in March this year.
BUSINESS
AI startup Mistral in talks with MGX, others to raise up to $1 billion
Such a deal would deepen ties between France and the UAE in a field increasingly dominated by the US and China. Mistral is Europe’s biggest AI startup and reached a valuation of Euro 5.8 billion last year.
BUSINESS
Bernstein sees India earnings upgrades driving stocks momentum
Bernstein recommends increasing exposure to the technology sector, noting that earnings downgrades there are at “record low levels” and likely bottoming out.
BUSINESS
European Union to protect Airbus in US trade deal as Ferrari to lose out
Which sectors are spared — spirits are also expected to receive a reprieve — speaks to the political leverage of key member states, which industries the EU views as critical, as well as areas where the US has a vested interest to protect its own manufacturers
BUSINESS
India gets serious about stone-tainted coal in its supply chain
Coal is typically sampled from railway coaches at the loading sites, and suppliers such as Coal India Ltd. bill the customers based on its quality
BUSINESS
Pakistan's best-funded startup nears profit after fintech deal
Backed by Tiger Global Management, Bazaar is a poster-child for a nascent Pakistani tech industry that’s attracted big-name investors despite economic turbulence.
BUSINESS
Vietnam girds for 20% Trump tariff as investors back deal
Vietnam, an export powerhouse that last year had the world’s third-biggest trade surplus with the US, is trying to navigate Washington’s demands while keeping good relations with Beijing, its biggest trading partner.
BUSINESS
China bans dual-use exports to 8 Taiwan defence entities
The firms make goods and equipment from the submarine Taiwan is developing to drones and bulletproof vests.
WORLD
Trump says Powell should ‘resign immediately’ if he misled Congress
Trump accused the Fed chair of 'whining like a baby about non-existent Inflation for months, and refusing to do the right thing.'
BUSINESS
Asian stocks cautious as tariff talk sinks copper
Chinese shares were in focus ahead of the release of inflation data Wednesday, with the report likely to show consumer prices fell for a fifth month in June.
BUSINESS
Trump might save Christmas with tariff delay, UBS’s Donovan says
Donovan outlined a scenario where consumers first rely on credit cards and savings before then cutting down on spending.
WORLD
Russia locks up population data with war in Ukraine in its fourth year
Russia doesn’t disclose casualties from the war and the appraisals differ. While Western sources put the figure around 1 million, some Russian sources estimate them at about 200,000.
BUSINESS
Bangladesh to push for deeper tariff cuts in talks with US
Officials are scheduled to hold crucial trade negotiations with the Trump administration from July 9-10 to seek a solution, Commerce Adviser to the interim government Sk. Bashir Uddin said in an interview from Washington
WORLD
Dubai’s luxury property sales continue record-setting streak
Sales of homes priced above $10 million surged to $2.6 billion between April and June, according to researcher Knight Frank
WORLD
Asia stuck in Trump’s tariff sights as deadline shifts to August 1
The extension leaves Asia’s economies squarely in the US administration’s tariff sights while giving officials a little over three additional weeks to negotiate lower rates
INDIA
Affordable homes in India dwindle to 7-year low: Report
The affordable segment saw supply of new housing units plunge to 30,806 in the six months through June
TECHNOLOGY
Apple loses top AI models executive to Meta’s hiring spree
Ruoming Pang, a distinguished engineer and manager in charge of the company’s Apple foundation models team, is departing
MARKETS
Japanese, Korean stocks gain after Trump’s new tariff deadline
The yen was fractionally stronger after dropping about 1% overnight. The won gained
WORLD
Asia stocks edge higher as Trump open to tariff talks
The MSCI regional stock benchmark advanced 0.1% led by gains in South Korean and Japanese stocks
BUSINESS
After gasoline, China's oil refiners face a jet fuel glut
Supply this year is already running over 40% ahead of demand, according to data from analytics firm Kpler.
