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Dollar drifts near 2-year high as rate-cut bets fade, eyes on tariffs

The threat of tariffs along with the Federal Reserve's stated measured approach to rate cuts this year have lifted Treasury yields and the dollar

EU reassesses its probes into tech giants such as Apple, Google and Meta

The review could lead to Brussels reducing or changing the range of the probes, and will cover all cases launched since March 2024

US govt tightens its grip on AI chip, technology export across globe

The new regulations will cap the number of AI chips that can be exported to most countries and allow unlimited access to US

Hyundai India's slow EV ramp-up hurts its decarbonisation plan: Greenpeace

Hyundai and Kia saw their per-vehicle tailpipe emissions drop in their major markets of Europe and South Korea between 2018 and 2023

Apple, Samsung smartphone shipments fall in Q4 as China competition bites

The global smartphone market rebounded strongly after two years of decline, with Chinese smartphone companies rapidly expanding their market share

Tech supplier Arm plans to hike prices, considers developing its own chips

Arm planned to achieve this partly by increasing the per-chip royalty rates that customers pay for ready-made parts of chip

RBI likely sold dollars heavily before local spot market open, say traders

The rupee was last quoted at 86.5150 per US dollar as of 09:35 am IST, up nearly 0.1 per centon the day

Global EV sales jump 25% in 2024 as China leads and Europe stabilises

Incentives and emission targets pushed EV sales in China and aided Britain in overtaking Germany as Europe's biggest battery-electric market in 2024

US President-elect Trump says he will meet 'very quickly' with Putin

He did not provide a timeline for the meeting, which would be the first between the leaders of the two countries since Russia's war with Ukraine started in February 2022

NZAM suspends activities after BlackRock exit amid US political pressure

BlackRock, which manages some $11.5 trillion in assets, left the Net-Zero Asset Managers (NZAM) initiative on Jan. 9 citing confusion over its climate efforts

US lawmakers urge Joe Biden to extend TikTok January 19 ban deadline

Biden could extend the deadline by 90 days if he certifies ByteDance is making substantial progress toward a divestiture

Mexico's Sheinbaum plans to cut Chinese imports in apparent nod to Trump

Sheinbaum also used her speech to defend the US-Mexico-Canada (USMCA) trade pact, which she said was the only way to compete with China

Six EU countries call for lowering of G7 price cap on Russian oil

Price caps on Russian seaborne crude as well as refined petroleum products were set by G7 countries to curb Moscow's revenues from oil trade

Malaysia imposes anti-dumping duties on iron, steel from four nations

The decision followed an investigation begun in August into the products from China, India, Japan and South Korea that started after a petition from a domestic producer

Indian refiners halt trade with US-sanctioned Russian firms and tankers

Washington also sanctioned 183 vessels used for transporting Russian oil while allowing a winding down of some energy related transactions by March 12

Angel One Q3FY25 results: Net profit increases 8% to Rs 281 crore

The company - which competes with startups such as Zerodha, Groww and Upstox - reported a third-quarter profit that rose 8 per cent to Rs 281 crore ($32.4 million) from a year earlier

Oil prices rise 2% to 4-month high on impact of Russian sanctions

Analysts and energy traders said the sanctions will push China and India to source more crude from the Middle East, Africa and the Americas, boosting prices and shipping costs

New US energy sanctions to destabilise global markets, says Russian govt

The move was meant to cut Russia's revenues for financing the war with Ukraine. A US official said the sanctions could cost Russia billions of dollars per month if sufficiently enforced

US stocks fall as investors scale back bets on Fed rate cuts in 2025

Five of the 11 S&P 500 sectors declined, led by a 1.8 per cent drop in Technology stocks. Megacaps were down, with Tesla sliding 2 per cent, Apple dropping 2.7 per cent

Eli Lilly to buy cancer drugmaker Scorpion Therapeutics for up to $2.5 bn

Lilly will acquire Scorpion's experimental oral therapy, STX-478, which is currently being tested in early-stage trials for breast cancer and other advanced solid tumors