WORLD
Trump earned $57.7 million from crypto venture, disclosure shows
The financial disclosure, released Friday by the Office of Government Ethics, provided details on his sprawling empire
WORLD
How Iran-Israel conflict is likely to add more fuel to turmoil in oil markets
Israel’s strike on Saturday triggered a powerful explosion and fire at a natural gas processing facility linked to Iran’s giant South Pars field
WORLD
‘No kings’ rallies draw massive crowds of anti-Trump protesters
Major demonstrations took place in Philadelphia, the cradle of US independence, Chicago and across California, including San Francisco, San Diego and Los Angeles
WORLD
Iran’s nuclear sites hobbled but not destroyed: Experts
Natanz is a critical part of Iran’s atomic program, but results from strikes on other sites — at Isfahan and Fordow — will weigh heavily on Israel’s next moves
BUSINESS
Japan urges US to drop auto tariffs as trade talks progress ahead of G7 Summit
Japan’s top trade negotiator Ryosei Akazawa met with US Commerce Secretary Howard Lutnick for 70 minutes and Treasury Secretary Scott Bessent for 45 minutes on Friday.
BUSINESS
'Totally unacceptable': Airbus says India crash a wake-up call for aviation industry, not a competitive edge
“Safety is in everything that we do, so the tragedy in India, we don’t see that in any way, shape or form as a competitive input,” Christian Scherer, who oversees Airbus’s commercial aircraft operation, said at a press meeting in Paris.
WORLD
Stocks sink, oil jumps as Mideast tensions build
The S&P 500 lost over 1%, wiping out this week’s advance. Airline and travel companies tumbled, while energy producers and defense shares rose.
WORLD
Wall Street’s momentum machine faces a Middle East stress test
The airstrikes disrupted this trading pattern Friday, without shattering it. And in the end, another Wall Street phenomenon proved equally important in salvaging the week: momentum.
WORLD
India and Canada reach deal to share intelligence on terrorism, crime
The new information-sharing arrangement, which includes law enforcement agencies from both countries, will allow them to swap intelligence on transnational crime
BUSINESS
Deadly Air India crash puts ambitious turnaround plans at risk
The incident marks the first-ever complete loss of a 787 and, as investigations get underway, questions are growing over how the jet exploded into a fireball including around the plane’s thrust
BUSINESS
India open to easing EV rules as China’s rare earth curbs bite
Although the Society of Indian Automobile Manufacturers is yet to make a formal plea for paring the localization requirement, the industry body’s members have flagged the need in various consultations with the government.
BUSINESS
European gas prices jump as middle east risk returns to market
A key concern is that hostilities could disrupt shipments through the Strait of Hormuz, an important waterway for liquefied natural gas and oil.
BUSINESS
BYD manager calls EV price war it helped spark unsustainable
Beijing summoned industry leaders for talks earlier this month, telling EV makers not to sell cars below cost or offer unreasonable price cuts.
BUSINESS
A $115 billion fund manager bets on India's shortest maturity debt
The recent slowdown was a “mid-cycle correction”, and the central bank’s policy support has laid the groundwork for growth to return to its long-term trend, Manish Banthia, chief investment officer of fixed-income at ICICI Prudential AMC said.
BUSINESS
Oil outlook in flux as analysts revise views after Israel strike
Brent crude jumped more than 13% following the attacks, which targeted Iran’s nuclear program and military capabilities, in a major escalation in tensions between two major military powers that risks spiraling into a regional war.
BUSINESS
Jio BlackRock said to hire Rishi Kohli as CIO of mutual-fund unit
Kohli will start in the third quarter of this year, Bloomberg said citing sources
WORLD
Airbus sees global aircraft fleet doubling by 2044, led by India
India’s domestic network will be the fastest growing aviation market over the next two decades, while China will be the biggest by capacity by then, Airbus said
BUSINESS
‘I need exposure to India’ mood revs up block trades, IPO plans
India saw $6.4 billion raised through share sales in May, the highest monthly total since December 2024
MARKETS
Citadel Securities hires Millennium’s Narang for Asia COO team
A newer crop of market makers, including Citadel Securities and Jane Street Group, are chipping away at banks’ dominance of the business
BUSINESS
Asia’s easing prices pave path for rate cuts and US divergence
In April, regional consumer prices on a simple average basis excluding Japan slowed to about 1.5%, the lowest level since the first quarter of 2021, according to economists at Nomura Holdings Inc.
BUSINESS
Reserve Bank sends conflicting signals with surprise moves
The Reserve Bank of India surprised analysts last week by cutting interest rates more than expected and announcing a cash boost for banks
BUSINESS
Adani plans airport unit IPO by 2027, hastens $100 billion capex
Currently owned by the flagship Adani Enterprises, the firm operates eight airports and will be opening a new terminal on the outskirts of Mumbai in a few months time
BUSINESS
NSDL's Rs 3,400-crore IPO likely in July: Report
WORLD
China rare-earth magnet maker gets green light for US exports
JL Mag Rare-Earth Co. said that officials approved a certain number of export applications, and the company had permits for regions including the US, Europe and Southeast Asia
