WORLD
US and Russia plan truce to cement Vladimir Putin’s gains in Ukraine
US and Russian officials are working toward an agreement on territories for a planned summit meeting between Presidents Donald Trump and Vladimir Putin as early as next week,
WORLD
Tariffs are starting to squeeze profits for Trump-loving farmers
Trump has asked farmers to give his tariff policies time to play out, promising better results than the trade deal he struck with China in his first term.
AUTOMOBILE
Jaguar CEO PB Balaji hits back at Donald Trump's criticism of ‘woke’ rebrand
The automaker, which revealed a concept car at the Miami Art Week last December, plans to sell fewer cars than in the past but at higher prices
WORLD
China defends buying Russian oil after Donald Trump’s tariff threat
Chinese President Xi Jinping welcomed direct communications between Putin and Trump on Friday during his first known call with the Russian leader in months.
WORLD
Meta picks Pimco, Blue Owl for $29 billion data center financing
Pimco is expected to lead a $26 billion debt portion of the financing, while Blue Owl is providing $3 billion of equity
MARKETS
Asian stocks rise as Japan jumps on tariff relief
Asian shares are on track for their best week since June, buoyed by growing speculation of a Federal Reserve interest-rate cut, even as tariff headlines continue to jolt sentiment.
BUSINESS
Trump names Miran to fill seat on Federal Reserve board
The president said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed Governor Adriana Kugler, which ends in January
MARKETS
Asian equities edge up at open, dollar declines
Asian shares are poised for their best week since June amid speculation of an interest-rate cut by the Federal Reserve. Investors have also grown optimistic about corporate earnings, which has helped the S&P 500 advance 30% from the lows in April.
BUSINESS
Investors unfazed by Trump’s 100% semiconductor tariff threat
Trump said in a meeting at the Oval Office this week that the tariff would apply to companies unless they had ‘committed to build’ in the US
WORLD
Chinese drone maker DJI shut out of Washington with US market at risk
DJI, like Chinese-owned social media giant TikTok, makes a popular product but is facing existential threats in the lucrative US market amid rising concerns that the data it collects in the US could be shared with authorities in Beijing
BUSINESS
Lilly obesity pill cut weight by just 11% in study; shares drop
While the injections from Lilly and Novo have revolutionized the way obesity is treated, investors say pills are key to reaching more patients in the market that’s expected to grow to $95 billion by 2030.
BUSINESS
Trump floats possible tariffs on China for buying Russia oil
Trump floated that possibility on Wednesday after doubling tariffs on Indian goods for buying Russian energy.
BUSINESS
Sanctioned ship sale to India scrapyard show dark fleet pain
The US and European Union have repeatedly added more ships to their sanction lists for supporting Russian, Iranian and Venezuelan oil exports
WORLD
Oil traders race against time to solve a global diesel crunch
The fate of the fuel has wide-reaching ramifications for the global economy
BUSINESS
Trump’s 50% tariffs may clip India’s growth by 1%, say analysts
Trump on Thursday doubled tariffs on Indian goods to 50% as penalty for buying Russian oil, in a move that could make exports to the US of many industries uncompetitive
BUSINESS
Russia oil prices to India dip on sanctions, threats, says Kpler
The price of Urals, the OPEC+ producer’s flagship oil, is more than $5 a barrel cheaper than Dated Brent
WORLD
Asia stocks rise as Trump's chip tariffs fail to dent optimism
MSCI’s Asian stock gauge rose 0.9% while contracts for the S&P 500 and Nasdaq 100 gained 0.3%.
BUSINESS
Trump, Apple announcing new $100 billion US Investment
The announcement at the White House on Wednesday includes a new manufacturing program designed to bring more of Apple’s supply chain to the US
BUSINESS
Sify data center unit is said to plan $500 million India IPO
The company has raised 16 billion rupees ($182 million) in two rounds from Kotak’s Special Situations Fund and Kotak Data Center Fund through compulsory convertible debentures, according to rating agency ICRA Ltd
COMPANIES
Air India taps Singapore Air to bolster fleet upkeep after crash
The airline is preparing to take on pre-flight and daily aircraft inspections, minor repair work and other troubleshooting activities from state-owned AI Engineering Services
BUSINESS
India sees IPO surge ahead of key financial disclosure deadline
More than a dozen companies have either launched or announced IPOs worth Rs 18,700 crore in the two-week run-up to the August 12 deadline
TECHNOLOGY
OpenAI in talks for share sale valuing startup at $500 billion
OpenAI’s previous valuation stood at $300 billion in a $40 billion financing round led by SoftBank Group Corp
BUSINESS
Gold holds longest winning streak since February on economy woes
Bullion was steady at around $3,383 an ounce in early Asian trading, after gaining more than 3% over the previous four trading sessions
BUSINESS
Asian stocks cautious as US data clouds Fed path
Japanese shares rose while South Korean stocks dropped. The broader MSCI Asia Pacific Index was little changed.
