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Asian markets rally as US-China trade truce lifts investor sentiment

Japan's Nikkei soared 2 per cent, touching its highest level since February 25, and tech-heavy Taiwan also rose 2 per cent

Ousted Bangladesh PM Hasina's party Awami League barred from election

The move comes after the interim government of Nobel laureate Muhammad Yunus, banned all activities of the Awami League under the Anti-Terrorism Act after days of protests

Nissan to cut over 10K more jobs globally amid deepening financial woes

It is set to announce on Tuesday results for the business year that ended in March. It warned last month it would likely book a record 700 billion yen to 750 billion yen

Trump says he will cut prescription drug prices by 59% as shares drop

Donald Trump is scheduled to hold an event at the White House with US Health Secretary Robert F. Kennedy Jr at 9:30 am

AI firm Perplexity eyes $14 billion in valuation in fresh funding round

Venture capital firm Accel is set to lead the round, the report said. Perplexity did not immediately respond to a Reuters request for comment

India rolls over $50 million support for Maldives amid debt crisis

China and India remain the Maldives' biggest creditor nations and both regional rivals vie for influence in the strategically located Indian Ocean nation

India inflation likely cooled to nearly 6 year low in April: Poll

Intense heatwaves this summer did little to affect a robust harvest, offering much-needed relief to many Indian households which allocate a significant portion of their budgets to food

Japan PM Ishiba open to more stimulus but rules out sales tax cut

Speaking in parliament, Ishiba said the government "won't hesitate to take additional measures" to ease the pain on the economy from higher US tariffs

South Korea's presidential campaigns kick off with focus on ailing economy

Asia's fourth-largest economy will hold a snap presidential election on June 3 to choose Yoon Suk Yeol's successor after the conservative leader was ousted over his shock martial law order

US, China make 'substantial progress' on deal to cut trade deficit

Bessent told reporters that details would be announced on Monday and that U.S. President Donald Trump was fully aware of the results of the "productive talks.''

Aramco reports $26 bn profit in Q1, down 4.6% on lower oil prices

Aramco confirmed total dividends of $21.36 billion for the first quarter, $219 million of which was performance-linked dividends

Putin proposes direct talks with Ukraine on May 15 'without preconditions'

Putin said that he would speak to Turkish President Tayyip Erdogan later on Sunday about facilitating the talks, which he said could lead to a ceasefire

China's car sales rise 14.8% in April, boosted by trade-ins: CPCA

Passenger vehicle sales totalled 1.78 million units last month and for the first four months of 2025 were up 8.2 per cent from the same period a year earlier

'Total reset' in works, US-China tariff talks made great progress: Trump

Earlier, top US and Chinese officials wrapped up the first day of talks in Geneva aimed at defusing a trade war that threatens to hammer the global economy

Wary investors hope US-China talks will ease high-stakes trade war

The highly anticipated meeting in Switzerland could mark one of the biggest developments since US President Donald Trump launched sweeping tariffs on April 2

Government removes Solar Energy Corp chairman weeks before term ends

The former top bureaucrat at India's environment ministry was appointed SECI chairman in June 2023, and was scheduled to end his tenure as SECI chief next month

ICICI Venture to transfer PE, realty fund units to ICICI Prudential AMC

The move is aimed at consolidating investment offerings under ICICI Prudential AMC, so it can provide a full suite of asset classes, including private equity, the bank said in an exchange filing

IndusInd Bank to look into insider trading charge after independent probe

IndusInd, India's 5th-largest private sector bank, disclosed in March that years of incorrect accounting of internal derivative trades had led to a $230 million hole in its $60.8 billion balance sheet

India offers steep tariff cuts to speed up trade pact talks with Trump

India has offered preferential access to nearly 90% of goods imported from the United States, including the reduced tariffs, one of the two officials said

Walmart seeks India deals, but garment worker shortage blunts tariff edge

Garment exporters in India say workers have to be trained and many leave within months to work at smaller, unorganised units that allow longer hours and pay more