BUSINESS
Asian stocks jittery as tariff concerns mount
Shares in Hong Kong and South Korea fell in early trading, while Japan’s stock market rose and mainland China was slightly up. US futures edged higher after the S&P 500 closed lower on Thursday, a sign of investor caution.
BUSINESS
Gold holds near record as growing trade war fears rattle markets
Bullion traded about $10 below Thursday’s all-time high of $3,057.49 an ounce, putting it on track for a third weekly gain. A fresh bout of instability has gripped markets amid mounting worries about an escalation in the US-led trade war.
WORLD
Apple shuffles AI executive ranks in bid to turn around Siri
Chief executive officer Tim Cook has lost confidence in the ability of AI head John Giannandrea to execute on product development
MARKETS
A $4.5 trillion triple-witching gives investors yet another test
The so-called “triple-witching” will see about $4.5 trillion of contracts tied to stocks, indexes and exchange-traded funds mature, estimates compiled by Citigroup Inc. show.
BUSINESS
SoftBank seals $6.5 billion deal for chip designer Ampere
Ampere is one of a group of companies that tried to use Arm technology, which dominates in mobile phones, to create a niche in the lucrative data center chip business
MARKETS
US stocks erase losses after solid housing report
The S&P 500 rose 0.2%. The Nasdaq 100 added 0.3%. The Dow Jones Industrial Average gained 0.2%
BUSINESS
Starlink rival Eutelsat’s 300% stock rally stalls as doubts grow
After more than three years of continual decline, the stock rose 554% in the first three days of March, fueled by signs of a geopolitical shift and Europe’s race for an alternative to Elon Musk’s Starlink
ECONOMY
India closes in on long-sought free trade agreement with UK
The new Labour government’s business and trade secretary, Jonathan Reynolds, traveled to India last month to restart the talks, which had been paused in 2024 due to elections in both the UK and India
COMPANIES
Allianz, Jio Financial said to reach initial deal for India JV: Bloomberg
The move comes as the German insurer agreed earlier this week to sell its stake in joint ventures with Bajaj Finserv Ltd
WORLD
UK’s poorest generation is more cheerful than Its richest
Experts tracking consumer sentiment offer several reasons. With low levels of home ownership, young people are less directly exposed to the sharp rise in interest rates in recent years. They also have fewer financial commitments and family obligations, plus generations decades apart consume the news in different ways.
BUSINESS
Adani, Emaar said to be discussing deal structure for $1.4 billion India unit
Emaar said in January it was in discussions with some groups in India, including Adani, about a potential sale of a stake in Emaar India Ltd.
BUSINESS
Trump says Fed should cut rates as tariff push heats up
Trump’s post Wednesday evening comes as his administration prepares to unveil a fresh wave of tariffs, which Federal Reserve Chair Jerome Powell signaled was hanging over forecasts.
BUSINESS
Chinese banks hold their benchmark lending rates for fifth month
The one-year loan prime rate was maintained at 3.1%, according to a statement from the People’s Bank of China on Thursday. The five-year LPR was also unchanged at 3.6%.
MARKETS
Gold steadies near record after Fed holds interest rates steady
Spot gold rose 0.2% to $3,039.54 an ounce at 2:33 p.m. in New York. Silver, platinum and palladium fell
WORLD
Elon Musk’s X raises almost $1 billion in new equity funding
Musk himself participated in the equity raise, said some of the people, all of whom asked not to be identified discussing private information
MARKETS
US Fed holds rates steady, sees slower growth and higher inflation
The Federal Open Market Committee voted on Wednesday to keep the benchmark federal funds rate in a range of 4.25%-4.5%
MARKETS
Stocks rise and bonds pare losses on Fed decision
The S&P 500 climbed 0.7%. The yield on 10-year Treasuries was little changed at 4.29%. The dollar gained 0.3%
TECHNOLOGY
Nvidia CEO says DeepSeek impact analysis wrong, more gear needed
Huang said that concerns caused by Chinese startup DeekSeek’s R1 AI model — that fewer chips and powerful servers would be needed for such software in the future — were misplaced
WORLD
How Russia-Ukraine energy ceasefire could affect war
Here’s what to know about the role of energy infrastructure in the war
WORLD
Europe to toughen protection for steel sector amid defense push
The European Commission, the bloc’s executive branch, presented an action plan for steel on Wednesday
WORLD
UBS client says his wife moved in with their wealth adviser. It got messy
In the financial industry, the business of managing clients’ savings often blurs professional and personal realms
WORLD
How billionaire Li Ka-Shing’s Panama deal raised the ire of China
Here’s what you need to know about Li Ka-shing and the Panama ports deal
WORLD
Powell’s remarks to be scrutinized as Fed set to hold rates steady
Fresh tariffs from the Trump administration, paired with retaliatory action from US trade partners, have dented consumer sentiment and fanned Americans’ expectations for future inflation
COMPANIES
Energy firm Greenko founders get private loan commitments
Anil Chalamalasetty and Mahesh Kolli have received the commitments from Keppel Credit, SeaTown Holdings International, BlackRock Inc., Ares Management Corp., and Nomura Holdings Inc.
