BUSINESS
Trump may implement copper import tariffs within weeks
Trump has threatened to impose a duty of as much as a 25% on all copper imports
WORLD
India, others may have to face tough tariff talks as Trump says he doesn’t want ‘too many’ exceptions
US trading partners have raced to secure carveouts ahead from the levies Trump has placed at the center of his economic agenda
BUSINESS
Asian stocks seek new direction after weak US data
The 10-year US Treasuries yield edged up to 4.33% in early Asian trading after falling in the previous session
BUSINESS
ONGC, India’s top oil and gas explorer, prepares for a looming glut
According to the International Energy Agency, the world is entering an era of cheaper energy prices, with growing electricity use leading to a surplus of oil and gas.
BUSINESS
SBI raises $1 billion in one of the largest bank loan of 2025
Foreign-currency loans taken out by Indian issuers have declined 30% to $3.2 billion so far in 2025 from the year-earlier period, and are running at a four-year low.
WORLD
This country is the fastest growing tourism destination in Southeast Asia
Vietnam now ranks as the third-most-visited country in Southeast Asia, with 17.5 million international arrivals in 2024
BUSINESS
Tesla extends dismal run in Europe with 40% drop in February
The Elon Musk-led company registered 16,888 new cars in February, down 40% from a year ago
BUSINESS
Overseas investors drawn to Indian assets as confidence returns
Foreigners net bought $515 million of stocks in the week ended March 21, marking the first weekly inflow this year. They’ve plowed $3 billion into local bonds so far in March, the most since 2017.
BUSINESS
Trump’s threat of ‘secondary tariffs’ invents new trade weapon
With the threat, Trump appeared to be inventing a combination of tariffs and what are known as secondary sanctions, the financial punishments that can be imposed on other countries or people for doing business with sanctioned entities.
BUSINESS
Online grocer Zepto in talks for $250 million secondary sale ahead of IPO
The private equity arms of Motilal Oswal Financial Services Ltd. and Edelweiss Financial Services Ltd. are in discussions with the Bangalore-based startup to buy shares in the secondary sale
MARKETS
Chinese tech stocks fall more than 3%, nearing correction
The Hang Seng Tech Index dropped as much as 3.8% on Tuesday, taking its drop from a March 18 high to about 9%
TECHNOLOGY
Alibaba’s Tsai warns of a ‘bubble’ in AI data center buildout
A rush by big tech firms, investment funds and other entities to erect server bases from the US to Asia is starting to look indiscriminate, the billionaire executive and financier said
BUSINESS
Asian stocks advance on Trump’s tariff signals
Indexes in Australia and Japan advanced after Wall Street’s risk-on bid lifted shares of nearly all stripes in a rebound from a sharp selloff that has challenged the notion of US exceptionalism.
BUSINESS
OpenAI Expands COO’s Role as Altman Focuses on Research and Products
OpenAI has significantly expanded its leadership ranks since Altman was briefly ousted by the board in late 2023, reflecting the company’s growing headcount, valuation and ambitions.
BUSINESS
India to seek tariff reprieve in meeting with US officials
Brendan Lynch, US assistant trade representative for South and Central Asia, and a team of officials will visit India from March 25-29 as part of ongoing trade discussions, the US embassy in New Delhi said in a statement Monday.
BUSINESS
Jack Ma-backed Ant touts AI breakthrough using Chinese chips
Hangzhou-based Ant is still using Nvidia for AI development but is now relying mostly on alternatives including from Advanced Micro Devices Inc. and Chinese chips for its latest models, one of the people said.
WORLD
BYD sales top Tesla as tech focus wins over Chinese drivers
Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31, up 29%, according to a filing late Monday, beating estimates for 766 billion yuan. Tesla’s 2024 revenue was $97.7 billion.
AUTOMOBILE
BYD’s sales soar as Chinese carmaker captures world’s attention
BYD has risen quickly to the top of China’s car market — the world’s biggest and most competitive in terms of electric vehicles
BUSINESS
Xiaomi seeks up to $5.3 billion in jumbo share sale
Xiaomi is investing aggressively in its nascent EV business to drive growth. It recently increased its 2025 EV delivery target after posting the fastest revenue growth since 2021.
TECHNOLOGY
SAP topples Novo to become Europe’s most-valuable listed company
Shares of SAP, which have been powered by growing investor optimism over its cloud-based software, rose 1.6% on Monday, valuing the German company at about €314 billion
BUSINESS
Bank of America’s India Head Kaku Nakhate said to be leaving position after 15 years
The bank has tapped Vikram Sahu, currently head of its global equity research, to succeed Nakhate as the India country head, the memo shows. Sahu will relocate from New York in the second quarter.
BUSINESS
India’s spot oil needs wane as Russia flows are set to rebound
New Delhi's state-owned processors are on track to secure more than three dozen cargoes that will load next month
TECHNOLOGY
AI chip startup FuriosaAI rejects Meta’s $800 million offer
Meta had been in discussions about acquiring Seoul-based FuriosaAI since the start of this year
MARKETS
Asia credit market heats up as issuers rush to beat tariff wave
They are turning to the bond market before a hotly-anticipated US tariff announcement on April 2, which Trump has referred to as “Liberation Day.”
