BUSINESS
Nomura bets big on US market rebound with $1.8 billion deal
With the purchase of Macquarie Group Ltd.’s US and European public asset management business, Nomura is scooping up about $180 billion in client assets across equities, fixed income and multi-asset strategies.
BUSINESS
US imposes tariffs up to 3,521% on Southeast Asia solar imports
The duties are the culmination of a yearlong trade probe that found solar manufacturers in Cambodia, Vietnam, Malaysia and Thailand were unfairly benefiting from government subsidies and selling exports to the US at rates lower than the cost of production.
BUSINESS
Gold surges to record as Trump ramps up threats against Powell
Trump called on the Fed to cut rates immediately, a move seen as a threat to the central bank’s independence that drove the dollar to the lowest since late 2023.
BUSINESS
Metals billionaire Agarwal seeks mining reboot amid debt overhaul, Saudi push
The overhaul will allow the group to list each of its key businesses: aluminum, oil & gas, power, iron & steel, along with the publicly traded core company Vedanta.
BUSINESS
Asian stocks dip after US selloff, dollar edges up
Some stability appeared in US assets in early Asian trading as equity-index futures extended a late Monday rally.
BUSINESS
Traders unfazed in ‘quietest’ market selloff as big days pile up
April 2025 is on track to take its place among the most volatile stretches on record, next to October 2008 and March 2020.
BUSINESS
Air India keen to take Boeing planes refused by Chinese airlines
The Tata Group-owned carrier, which urgently needs aircraft to expedite its revival, plans to approach Boeing about acquiring a number of jets the US planemaker was readying for Chinese airlines before reciprocal tariffs thwarted the handovers, according to the people, who are familiar with discussions at the Indian airline and didn’t want to be identified because the information isn’t public.
AUTOMOBILE
CATL teases five-minute EV charge with longer range than BYD
CATL teased the latest innovations at its Tech Day on Monday in Shanghai — a multi-hour event that took place in a converted warehouse on the outskirts of China’s financial capital
WORLD
Saudi Aramco agrees with China’s BYD to explore new EV technology
Saudi Arabia has been plowing money into the EV space in recent years as it strives to create a domestic auto manufacturing hub under Crown Prince Mohammed bin Salman’s agenda to diversify the economy away from oil
BUSINESS
Bitcoin rebounds as Trump’s push against Powell weakens dollar
The rebound comes as the dollar and US stock-index futures fell Monday after the president’s criticism of the Federal Reserve raised concerns over its independence.
BUSINESS
Gold climbs toward record as global trade war concerns dominate
Gold has soared to successive records this year as the trade conflict has unsettled global markets, hurting appetite for risk assets while accelerating a rush to havens.
WORLD
Trump’s global trade war hangs over Vance’s India visit
Prime Minister Narendra Modi is slated to host Vance for a bilateral meeting, the White House said.
BUSINESS
Oil fell with Ukraine-Russia truce, US-Iran talks in focus
Oil has declined sharply this month, touching a four-year low at one point, driven by investors’ fear of that the onslaught of tariffs and counter-levies between the US and its biggest trading partners including China will sap crude demand.
WORLD
Mark Zuckerberg, Jamie Dimon are among top sellers ahead of tariff stock rout
The bulk of last year’s sales came from Jeff Bezos, who disposed of Amazon.com Inc. shares worth more than $8.5 billion in February
WORLD
First shockwaves of Trump’s tariffs are about to hit the world economy
Tariffs, and the risk they pose to both the economy and inflation, have been on the mind of survey respondents in recent months.
BUSINESS
Fidelity, Goldman find tariff haven in Asian consumer stocks
Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive.
BUSINESS
China accelerates budget spending to counter tariff woes
China has to strengthen public spending to shield the economy as surging American tariffs could send its exports into contraction while a years-long housing market downturn and deflation keep consumer and business sentiment weak.
WORLD
Trump officials say letter to Harvard sent by mistake: NYT
The letter was sent by the acting general counsel of the Department of Health and Human Services, Sean Keveney, the paper said, citing three unidentified people who were briefed on the matter.
BUSINESS
Xi Jinping’s no. 2 signals openness to policy shift as tariffs hit
China’s GDP expanded 5.4% last quarter from a year before, thanks in part to Beijing’s consumer subsidies, along with an export surge to get ahead of the tariffs
WORLD
Trump raises Powell firing as ire toward US Fed chair explodes
Trump has been asking those around him about the possibility of removing the Federal Reserve chair, according to people familiar with the matter
WORLD
Asian stocks trade in tight range, Japan edges up
Stocks fluctuated at the open with modest gains in Japan while most of the other markets are shut for the Good Friday holiday
BUSINESS
Tata inks £750 million loan to fund biggest UK battery plant
The two-year loan has been priced at a spread over the Sterling Overnight Index Average, or SONIA, and the deal has been signed but disbursement is ongoing, the people said.
BUSINESS
H-1B Visa: US agency probes workers' bias claims against Tata Consultancy Services
TCS is India’s biggest IT services firm by revenue, with more than 600,000 employees globally.
WORLD
Hermès quarterly sales hurt by weakness in Chinese luxury demand
First-quarter sales in Asia Pacific excluding Japan rose 1.2% at constant exchange rates, Hermès International SCA said in a statement
