WORLD
Trump signs order against law firm that helped probe his Russia links
Trump is suspending security clearances for WilmerHale employees, restricting its access to federal buildings and ending government contracts that involve the law firm
WORLD
Asian stocks decline ahead of tariffs announcement
A regional gauge of equities fell 0.8% with indexes in Japan and South Korea declining after both the S&P 500 and Nasdaq 100 slipped
WORLD
More tariffs if Canada and Europe work against US: Donald Trump
Donald Trump imposed 25% tariffs on imports from Mexico and Canada earlier in March but delayed those for a month on goods — including automobiles and parts — that are covered by the North American trade deal USMCA.
BUSINESS
Germany got $1 trillion for free, Deutsche Bank chairman says
Now it needs to spend the money wisely and advance structural reforms to ensure it stays that way, Wynaendts said on Thursday at a panel discussion organized by the Institute of International Finance.
WORLD
US economy grew 2.4% last quarter, faster than previous estimate
The government’s other main gauge of economic activity — gross domestic income — rose 4.5% after a 1.4% increase in the third quarter
COMPANIES
Adani restores power supply to Bangladesh as payments resume
Data from Bangladesh Power Development Board shows Adani increased power supply more than two weeks ago
BUSINESS
RBI to meet bankers next week to discuss new liquidity model
The Reserve Bank of India is scheduled to meet bank economists on April 3 to take feedback on proposed revisions
BANKING
Kotak Mahindra Bank's private banking unit likely to add thousands of new clients
The billionaire Uday Kotak-backed division added 2,280 new families to its client base in private banking in the year ending March 2024
TECHNOLOGY
OpenAI close to finalising its $40 billion SoftBank-led funding
The artificial intelligence developer’s funding round would be the largest of all time, according to data compiled by research firm PitchBook
MARKETS
Growth-friendly RBI governor Malhotra raises rate cut hopes
Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years
BUSINESS
Trump says reciprocal tariff plan on all nations ‘lenient’
Trump has promised a sweeping tariff announcement next Wednesday, touting it as a “Liberation Day” against trading partners
BUSINESS
Most carmakers stand to lose from Trump’s auto tariffs. But there's one notable winner
Elon Musk's Tesla Inc. has large factories in California and Texas that churn out all the electric vehicles it sells in the US
WORLD
Trump says he could cut China tariffs to secure TikTok deal
Trump predicted he would be able to secure at least the outline of a deal for TikTok by next week, but said if an agreement was not completed he would move to extend the deadline
BUSINESS
Trump hits auto imports with 25% tariff starting next week
The president said the tariffs would go into effect on April 2 and that the US would start to collect them a day later
BUSINESS
Trump prepares auto tariff announcement as soon as Wednesday
The people shared the timing of the expected announcement on condition of anonymity, to discuss plans not yet made public.
TECHNOLOGY
Apple CEO visits DeepSeek’s hometown during China AI revival
Cook met with “the next generation of developers” at the city’s elite Zhejiang University on Wednesday
IPO
LG’s India IPO valuation expectations are said to soften
The valuation could dip to a dollar amount of between roughly $10.5 billion and $11.5 billion
BUSINESS
China floods the world with AI models after DeepSeek’s success
Since DeepSeek upstaged OpenAI in January with a powerful model that purportedly cost just several million dollars to build, China’s tech leaders have flooded the market with a rapid succession of low-cost AI services, undercutting premium offerings from the likes of OpenAI and Alphabet Inc.’s Google.
MARKETS
Hottest emerging ETF sees record outflows as China back in favour
The largest emerging markets ex-China ETF saw record redemptions last week — leaving it on track for one of the few monthly outflows since 2022
WORLD
How Trump's call to axe USAID projects has provided a 'diplomatic gift' to China
By slashing foreign aid, Trump is giving China an easy opportunity to fill a vacuum and gain a soft-power advantage
WORLD
China phonemaker Vivo wants 70% of sales from overseas by 2027, to sell high-end gadgets in India
The closely held company already gets more than half of its sales from outside China, Chief Operating Officer Hu Baishan said
MARKETS
India’s onerous taxes are a buzz-kill for likes of Carson Block
Block has said that if India wants to attract foreign capital, it needs to change tack
BUSINESS
Bank of India’s first dollar loan in over a decade woos 22 banks
The rarity factor helped attract strong interest in the deal, allowing the borrower to increase the size by $100 million via the so-called greenshoe option
INDIA
PM Modi banks on households to rein in a $346 billion debt pile
A record Rs 29.7 trillion ($346 billion) of sovereign bonds are due over the next five years, a result of pandemic-era borrowing and Modi’s infrastructure-spending binge
