BUSINESS
Masayoshi Son prepares to pick successor from within SoftBank
The 67-year-old has several candidates in mind, but won’t make an announcement until the last minute, Son said during a general shareholders’ meeting in Tokyo on Friday.
MARKETS
Asian markets in full swing as investors shake off trade jitters
The tightening of Asian spreads is all the more impressive given a surge in dollar bond sales from the region, with this week seeing the largest volume of deals since March.
INDIA
India trade team arrives in US for talks as July deadline looms
The team, led by chief negotiator Rajesh Agarwal, is slated to hold meetings with officials in Washington over two days
WORLD
Trump’s threat of more tariffs makes US trade partners wary of signing deals
India has dug in its heels on the issue and is unwilling to sign a trade deal with Washington that doesn’t address both sectoral and reciprocal tariffs for its exports
BUSINESS
US merchandise-trade deficit unexpectedly widens on exports drop
The shortfall in goods trade grew 11.1% to $96.6 billion, Commerce Department data showed Thursday.
BUSINESS
Elon Musk confidant Omead Afshar leaves Tesla in latest high-level exit
Afshar joined Tesla in 2017, according to his LinkedIn profile, as the carmaker was beginning to ramp up production of the Model 3 sedan.
WORLD
Xiaomi launches $35,000 SUV to take on Tesla’s model Y in China
Xiaomi founder Lei Jun attacked Tesla head-on during a Thursday launch event, stacking his vehicle against the Model Y
MARKETS
Rate cuts still on table, says MPC member Saugata Bhattacharya
The change from ‘accommodative’ to ‘neutral’ in the June 6 policy does not 'preclude further rate cuts. Absolutely not,' said RBI rate setting panel's external member said
BUSINESS
China opens first offshore gold vault and contracts in Hong Kong
Trading will be conducted in yuan and settled by cash or physical delivery, including to the new vault operated by Bank of China Ltd.’s Hong Kong unit, the SGE said in a statement
BUSINESS
Dollar slips as Trump considers naming next Fed chair early
The latest headlines on Powell add another element of risk to the dollar and US Treasuries, which are both already under pressure from uncertainties around the impact of tariffs and a ballooning fiscal deficit.
WORLD
Pentagon posts document with fiscal year 2026 weapons requests
The procurement request, which represents funds for weapons purchases, totals $205 billion or about $31 billion more than what Congress appropriated for this fiscal year
BUSINESS
Asian shares rise on boost from Japanese stocks
MSCI’s gauge of Asia-Pacific shares advanced 0.3% as the Topix gained, while Australian equities fell. Contracts for US stocks opened flat after the S&P 500 ended Wednesday unchanged.
BUSINESS
Trump says three or four people on list to replace US Fed’s Jerome Powell
Trump did not name his potential replacements for the central banker nor did he lay out a timeline for a decision. Powell’s term as chair ends in May 2026
BUSINESS
Vodafone Idea aims for $2.9 billion in loans to bolster network: Report
The State Bank of India will likely lead a consortium of lenders
BUSINESS
EU warns a baseline Trump tariff would still spur retaliation
EU officials expect the US to keep some duties in place, even after trade negotiations are concluded
BUSINESS
China vows 'forceful measures' after Taiwan's Huawei export curb
Taiwan last week joined a years-long US campaign to curtail China’s technological ascent by adding the country’s AI and chipmaking champions — Huawei and Semiconductor Manufacturing International Corp. — to its entity list
BUSINESS
China seizes moment to globalise yuan as dollar doubts mount
The latest measures aim to not just facilitate trade but also open China’s financial markets and embed the yuan more deeply in investment flows
BUSINESS
Asia stocks muted after rallying on Middle East truce
MSCI’s gauge for Asian equities was little changed on Wednesday following a more than 2% rise in the previous session, when US President Donald Trump announced a ceasefire between the Middle East rivals.
WORLD
Jerome Powell says higher inflation outlook keeping US Fed on hold for now
Powell’s remarks before the House Financial Services Committee come on the heels of the Fed’s decision last week to leave interest rates unchanged in a range of 4.25%-4.5%
MARKETS
RBI signals policy shift with move to drain excess cash
RBI aims to take out Rs 1 trillion from the banking system via a seven-day variable rate reverse repurchase auction on June 27
WORLD
Pressure for Trump trade deals ramps up with two weeks to go
There’s a lot at stake: As of July 9, exporting nations without a bilateral accord in place will face Trump’s so-called “Liberation Day” tariffs
BUSINESS
US stocks head toward record as geopolitics fail to derail rally
Equities have been remarkably resilient over the past two months as the S&P 500 bounced sharply from April lows, putting it 2% away from its record high.
INDIA
Mumbai housing most affordable in 15 years, says Knight Frank
An average household in Mumbai spent 48% of their income toward monthly installments of a home loan, versus 50% last year
BUSINESS
OpenAI is nabbing Microsoft customers, fueling partners’ rivalry
The behind-the-scenes dogfight is complicating an already fraught relationship between Microsoft and OpenAI
