Why data centres deserve a tax break
India proposes significant tax incentives for data centres as the country positions itself to capitalize on the AI boom and compete in the global digital infrastructure race.
Former BLS chief recounts shock of getting fired over US jobs data
Trump has since picked EJ Antoni, chief economist at the Heritage Foundation, to step into the role
US Fed rate cut to mark pivot toward job market
The policy pivot will take place amid unrelenting pressure from President Donald Trump, who has pushed for a “big cut” this week
Trump expects a ‘big cut’ from Federal Reserve this week
Trump has been putting pressure for months on Fed Chair Jerome Powell to cut rates and repeatedly encouraged him to resign
Uncertainty on tariffs hurt; paying them is worse, survey shows
That’s among the takeaways from a survey of 336 small to mid-size companies by Freightos, a Barcelona-based cargo booking platform
Fed debate turns to pace of cuts amid heavy Trump pressure
A cut this week, however, won’t necessarily set the Fed on a smooth glide path to lower rates
Global 36-hour interest-rate spree heralds first US cut of 2025
The standoff over Fed policy, pitting Trump’s strident calls for lower borrowing costs against Chair Jerome Powell’s concerns about tariff-driven inflation, hangs over the meeting
Politics drive investment divide in Southeast Asia’s top markets
Foreign investors have pulled $653 million from Indonesia’s stock market this month, the worst period of selling since April as violent protests and the abrupt replacement of the finance minister rock the country.
Why Gita Gopinath believes the US dollar will keep its crown in global finance
Gita Gopinath says US dollar dominance will endure, backed by strong US institutions and liquid markets, despite rising talk of de-dollarisation.
Pfizer, Moderna, Novavax shares sink as Trump officials likely plan to link Covid vaccines to child deaths
Vaccine stocks tumble after report Trump health officials may tie Covid shots to pediatric deaths.
China’s anti-involution shift: Indian themes that can offer multi-year opportunities
China’s so-called anti-involution campaign has driven a structural reset in the local economy, and for India, this opens up opportunities across commodities, renewables, chemicals and EVs.
The Hire Bill: Taxing efficiency
The proposed HIRE Act would impose a 25 percent tax on US companies' outsourcing payments while eliminating tax deductions for overseas labour expenses, potentially pushing nearly 900,000 Americans into poverty by 2026
Ellison tops Musk as world’s richest man after $101 billion gain
The increase lifted Larry Ellison's total fortune to $393 billion, ahead of Musk who sits at $385 billion
Who is Larry Ellison, the man who ended Elon Musk's 300-day reign as world's richest
The jump in fortune is mainly attributable to Ellison’s 41 percent stake in software company Oracle.
Oracle surges on AI cloud growth as customers race to secure computing capacity
The stock was up 34.7%, hitting a record high of $325.90 in early trading, set for its biggest one-day jump since 1992
Jamie Dimon says US economy is weakening after record BLS revision
The revision 'just confirms what we already thought,' Dimon said
US payrolls marked down a record 911,000 in preliminary estimate
Traders widely expect central bankers to cut rates at the conclusion of their two-day meeting September 17
Nearly 50% of Nifty 500 index stocks above 40× P/E, outpacing most world indices
Nearly half of Nifty 500 companies valued above 40× earnings, highest among major global indices.
Bessent battles Trump demands, market jitters in Fed chair hunt
Bessent has intentionally taken a more hands-off approach, compiling a list of nearly a dozen candidates, but is not expected to push any one candidate
Chart of the Day | Gold shines brighter
Time and again, gold has established itself as a safe haven for investors. The recent price increase can be largely attributed to decisions made by US President Donald Trump
Trump family adds $1.3 billion of crypto wealth in span of weeks
The haul from crypto firm World Liberty Financial and separate mining operation American Bitcoin Corp. shows how still-nascent projects are already translating into tangible wealth for the first family
Are Indian stocks near fair value after global underperformance?
Despite a challenging year that saw Indian markets emerge as global laggards with zero dollar returns, valuation metrics suggest the market may be approaching but hasn't yet reached its fundamental bottom
OPEC+ confronts the next stage in battle for oil market share
Saudi Arabia and its partners have yet to decide how to proceed after completing the fast-tracked addition of 2.5 million barrels a day that was finalized at its previous gathering
Gold races to all-time high above $3,500 on US rate cut prospects
Spot gold was steady at $3,476.48 per ounce as of 0947 GMT, after hitting a record high of $3,508.50 earlier in the session. Bullion has gained 32% so far this year
