Page 73 - Bloomberg

Asia remains in Trump's tariff sights as deadline moves to August 1

The extension leaves Asia's economies squarely in the US administration's tariff sights while giving officials a little over three additional weeks to negotiate lower rates

Iran's Prez Pezeshkian says he's open to talks with US despite strikes

Pezeshkian claimed the Trump administration authorised Israeli attacks on Iran that began on June 13

Xiaomi succeeds where Apple failed as its new EV surpasses 289K orders

Xiaomi has set a delivery target of 350,000 units in 2025, up from its previous goal of 300,000, buoyed by demand for the newly launched YU7 and a ramp up in production

Sebi cracks down on Jane Street, halts India trading over manipulation

Sebi imposed a temporary trading ban on the US-based firm and ordered the seizure of Rs 4,840 crore, citing 'an intentional, well-planned and sinister scheme'

Mukesh Ambani bets big on US ethane amid shifting global trade dynamics

Mukesh Ambani's Reliance ramps up US ethane imports as India shifts from naphtha-based production, reshaping petrochemical supply chains amid evolving global trade and energy dynamics

Trump's tariff deadline arrives, set to bring clarity to global trade ties

Heading into the final days before the July 9 deadline, negotiators are scrambling to come up with trade pacts

Hamas agrees to 'immediately' enter talks on 60-day Gaza ceasefire plan

A deal on the framework would see Hamas return half of the 50 hostages it still holds and pursue mediated talks with Israel to end the war

Airbus signs $20 bn Malaysia jet deals during PM Anwar's Europe trip

The buying spree, particularly for commercial jets, comes as both Airbus and its American rival Boeing Co benefit from trade visits and bilateral tariff negotiations

Brics set to condemn Trump's 'coercive' tariffs, Mideast, climate issues

Brics leaders are discussing a call for full Israeli withdrawal from Gaza and voicing opposition to any forced displacement of Palestinians from their territory

OPEC+ may boost oil production faster than expected, weighs August hike

Since April, OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group's long-term strategy

Trump signs his 'big, beautiful' tax bill at White House ceremony

The legislative milestone reinforces Trump's grip on the Republican Party, whose Capitol Hill leaders muscled the bill through the House and Senate this week

Indian insurers urge IRDAI to revamp bond valuation to boost debt market

Insurance companies are seeking a shift to a method that values bonds individually, for example differentiating between debt issued by state-run firms and private companies

Early monsoon rains boost hopes of record grain harvest in India

With rains arriving ahead of schedule in many regions, farmers have been able to begin sowing earlier than usual, Farm Secretary Devesh Chaturvedi said

China plans cash subsidies for families to boost birthrate, growth

The government is set to provide 3,600 yuan ($503) a year for each child, born on or after Jan. 1 this year, until they turn three under a nationwide initiative

Rupee bond rush set to ease as RBI signals limited scope for rate cuts

Aggressive liquidity infusions and a series of rate cuts this year, most recently a surprise 50 basis point cut to 5.5 per cent in June, pushed yields to the lowest in three years

Harvard warns foreign students on airport scrutiny, social media posts

Harvard warned students that US officials can check social media and devices during visa and border checks, and deny entry based on content found by State Dept or Customs and Border Protection

Trump's Vietnam deal signals China tariffs unlikely to ease further

Chinese goods face 55% tariffs, likely through August. Under the Vietnam deal, the US will impose 20% tariffs on Vietnamese exports and 40% on transshipped goods to curb Chinese tariff evasion

Oracle, OpenAI expand Stargate deal to build more US data centres

Oracle shares gained as much as 3.9 per cent to $227.46, a record high, following the news. The stock has jumped 36 per cent this year, fueled by investor enthusiasm in its cloud business

Donald Trump aims to shut trade loopholes China uses to evade tariffs

The agreement slaps a 20 per cent tariff on Vietnamese exports to the US and a 40 per cent levy on goods deemed to be transshipped through the country

Govt may allow GM animal-feed imports from US in proposed trade deal

Indian and US officials have been engaged in intense negotiations over last few days to iron out differences in a bid to secure a deal before a July 9 deadline