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US unveils 'economic D-Day' against Iran, warns trade partners of sanctions

The statement marked the latest bid to force capitulation from Iran, which has refused to bow to US demands despite months of US bombing that began in February as well as decades of economic sanctions

JPMorgan India unit to argue that any regulatory breach was technical

JPMorgan's Mauritius unit is likely to seek clarification from Sebi over alleged market manipulation, while avoiding an immediate appeal against the regulator's order

The $500 billion experiment to build 24/7 markets on blockchain

Modern finance spent decades building markets around a common architecture: recognized venues, set trading hours and benchmark prices that anchored everyone else.

Xiaomi develops its own AI mobile chip in challenge to Qualcomm, MediaTek

The Xring O3 system-on-a-chip advances Xiaomi's in-house semiconductor design efforts with more power-efficient image processing and better artificial intelligence capabilities

Govt lifts ban on wheat exports in boost to war hit global supply

The government has permitted exports of wheat, including the durum variety, as well as flour and other products

AI is boosting UK productivity, but it's coming at a cost for workers

Britain has seen a K-shaped recovery: The top end of its economy is doing better than it has in years, but the bottom is struggling

Sebi rejects settlement applications by 13 foreign funds in Adani probe

Some of the funds were unwilling to provide information the regulator considered necessary to settle the case, while others resisted demands to disgorge money sought by Sebi

Citigroup, Axis Bank team up on leveraged dollar deposit boom in India

The trade is emerging as RBI seeks to bolster foreign-exchange reserves and ease pressure on rupee, while creating opportunities for global banks to provide financing offshore

Indian pharma firms have little reason to fear Trump's tariff threat

Trump's pledge to apply 100% levy on firms making off-patent medications by 2028 (rising to 200% a year later) unless they move production to US faces formidable commercial and political obstacles

GMR Airports plans $2 billion expansion of Delhi, Hyderabad facilities

The plans come as demand is surging in the world's third-largest domestic aviation market, trailing only the US and China

India's $10 billion equity rush puts August on track for a record month

Almost $10 billion of deals have been priced in August, led by the government's blockbuster $3.2 billion sale of shares in LIC

Alibaba Group to raise $10 billion by selling shares for AI expansion

The new share placement comes as the Chinese company ratchets up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena

Investors seek clearer Fed guidance from Warsh at Jackson Hole address

Fed Chair Kevin Warsh is under pressure to offer clearer guidance on interest rates and inflation at Jackson Hole, as investors assess sticky price pressures and the outlook for monetary policy

Israeli settler siege of Palestinian homes shows grave reality of West Bank

Loui Ridi travelled from Ohio to Qusra to protect his family home, where residents say Israeli settlers have cut off water, electricity and access amid escalating West Bank violence

China's Sinopec first-half profit rises 12% after surge in energy prices

The company, officially known as China Petroleum & Chemical Corp., earned 23.8 billion yuan in the first half of last year

Putin rejected Ukraine's offer for Black Sea shipping truce, says Zelenskyy

Russia and Ukraine have stepped up attacks on each other's commercial ships and ports in the Black Sea area, raising fears about the impact on grain supplies to world markets

Europe's biggest luxury firms discern green shoots in key China market

Chinese household consumption is stabilizing and even starting to rebound in some categories like high-end cosmetics, improving sentiment on China in the luxury sector

South Korean traders chase 40% coupons as risk appetite survives rout

Equity-linked securities dangling annualized coupons of 40% to 50% have attracted renewed interest from mom-and-pop traders

Donald Trump's stock disclosure shows more than 1,000 trades in June

The transactions totaled between $78.1 million and $263.1 million in the filing published by the US Office of Government Ethics, which shows a range for each transaction rather than exact numbers

Juicy yields pull junk bond 'tourists' towards high-grade AI debt

The fact that investment-grade rated projects are tapping junk debt investors to get at least some bond deals done underscores the feverish competition for capital