BUSINESS
Cement maker Nuvoco Vistas seeks private loan for Vadraj takeover
The borrower is also in talks with alternative asset firms for the financing, the details of which could be subject to change
BUSINESS
Goldman warns oil below $40 is possible in ‘extreme’ scenario
The global oil market has been rocked in recent sessions as the Trump administration’s escalation of the trade war, plus pushback from some other economies including China, raised recessionary risks and headwinds for energy consumption.
BUSINESS
Billionaires seek to take companies private amid market mayhem
Despite many making efforts to diversify their assets, the super-rich aren’t immune to the market turmoil: The world’s 500 wealthiest people just suffered the biggest three-day loss ever on the Bloomberg Billionaires Index.
BUSINESS
Shriram Finance seeks RBI license to underwrite govt debt
The consumer loan provider has sought the Reserve Bank of India’s approval to set up a primary dealership, for which it plans to launch a separate entity
WORLD
China's central bank vows funding support to sovereign fund to stabilize market
China’s state-backed funds including Central Huijin earlier announced plans to buy local stocks in a bid to support the market hurt by US tariffs
BUSINESS
Chinese stocks rebound from historic rout as state funds step in
The Hang Seng China Enterprises Index rose as much as 3.5% after its worst day since the financial crisis on Monday, while the CSI 300 rose 0.7% following a 7.1% plunge.
BUSINESS
Elon Musk’s net worth falls below $300 billion for first time since November
Musk lost $4.4 billion on Monday after Tesla stock extended losses, taking his total fortune to $297.8 billion, according to the Bloomberg Billionaires Index.
BUSINESS
Asian stocks bounce back after worst day on record
Contracts for Hong Kong pointed to losses after a gauge of US-listed Chinese shares fell more than 5% after Trump threatened to slap additional 50% tariffs on China.
WORLD
Jamie Dimon says tariff policy issues must be resolved quickly
China responded with commensurate levies on all American goods and export controls on rare earths, and the European Union — America’s largest trading partner — has also vowed to enact countermeasures.
BUSINESS
Jaguar Land Rover’s US sales jumped ahead of Trump tariffs
Wholesale volumes for the three months through March rose more than 14% from a year earlier, the British luxury sport utility vehicle maker said Monday
MARKETS
Tesla falls below price Lutnick said it wouldn’t drop to again
The shares plunged more than 10% to $214.80 amid a broader rout in global equity markets
MARKETS
Traders are betting on five more Fed cuts on recession fears
Markets are pricing 125 basis points of easing by year end, equivalent to five quarter-point moves, according to overnight interest-rate swaps
WORLD
China appeals for calm, readies plans to counter Trump’s tariffs
China is honing a domestic message of resilience after retaliating against Trump’s sweeping tariff announcements last week by imposing levies on US goods
WORLD
Goldman boosts recession risk, brings forward Fed rate-cut call
Economists led by Jan Hatzius lowered their 2025 Q4-to-Q4 GDP growth forecast to 0.5% from 1% and raised the 12-month recession probability to 45%
MARKETS
Asian stocks tumble most since 2008 on global recession worries
The MSCI Asia Pacific Index fell as much as 7.9%, the most since October 2008, with TSMC, Tencent and Sony among the biggest drags
BUSINESS
Bitcoin plunges into Asia open as crypto feels trade war pain
Bitcoin shed about 7% of its value from Sunday night through to Monday morning in Singapore to reach a low point of $77,077
INDIA
Air India pushes jet upgrade to lure back disgruntled passengers
The multi-year turnaround program will initially focus on the airline’s 27 Boeing Co. 787-8 Dreamliners that are more than 10 years old in some cases
WORLD
Japan’s Ishiba seeks broad tariffs deal as stocks rout deepens
Prime Minister Shigeru Ishiba told parliament he would strongly urge President Donald Trump to drop the planned US levies on Japanese imports
MARKETS
TSMC slumps 10% on tariff woes as Taiwan returns from holiday
The chipmaker’s Taipei-listed shares slid 10%, putting pressure on the benchmark Taiex, which fell as much as 9,8%.
WORLD
Chinese stocks suffer ‘panic selling’ as tariff war escalates
The onshore CSI 300 dropped as much as 8.8%, its biggest decline in over five years.
WORLD
This is how Asia Pacific is responding to Trump's reciprocal tariffs
While the baseline charge has kicked in, higher duties on some countries — which replace, rather than add to the 10% rate — are due to start on April 9.
WORLD
TikTok deal stalled by China’s objections to tariffs, says Trump
Before Trump announced widespread tariffs, a deal was reportedly close, advanced by a consortium of US investors including Oracle Corp., Blackstone Inc. and venture capital firm Andreessen Horowitz
WORLD
China floats rate cuts, stimulus to counter Trump tariff hit
The reserve requirement ratio for financial institutions and the central bank’s policy rates can be cut anytime going forward, the flagship newspaper of the Communist Party said on Monday
BUSINESS
RBI seen extending record cash boost as global uncertainty grows
The authority is expected to inject as much as Rs 4 trillion ($47 billion) through bond purchases and foreign-exchange swaps in the current fiscal year
