Trump vows big tariffs on Mexico, Canada and China

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that “no one will win a trade war.”
26 November 2024, 18:00 PM

Fitch revises outlook on four Adani group firms from ‘stable’ to ‘negative’

The entities whose outlook has been revised to “negative” are rated “BBB”.
26 November 2024, 09:17 AM

Sri Lanka probes Adani projects after US charges

Both the finance and foreign ministries had been asked to review infrastructure projects awarded to the Indian conglomerate
26 November 2024, 08:51 AM

Most Asian markets drop, dollar gains as Trump fires tariff warning

The former and next president said on his Truth Social account that he would hammer the United States' largest trading partners in response to the illegal drug trade and immigration
26 November 2024, 07:31 AM

'No one will win a trade war,' China says after Trump tariff threat

"About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually beneficial in nature," Chinese Embassy Spokesperson Liu Pengyu said in a statement.
26 November 2024, 05:43 AM

US-Google face off as ad tech antitrust trial comes to close

The trial in a Virginia federal court is Google's second US antitrust case now under way as the US government tries to rein in the power of big tech.
26 November 2024, 05:24 AM

TotalEnergies pauses funding for Adani Group after bribery charges

French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.
25 November 2024, 18:00 PM

Petrol industry embraces plastics while navigating energy shift

Amid the inexorable shift toward more electric vehicles, oil and gas producers are looking increasingly to plastics to help keep them afloat, even if that sector faces challenges of its own.
25 November 2024, 18:00 PM

US plans to reduce Intel's $8.5 billion federal chips grant below $8 billion - New York Times

The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times.
25 November 2024, 06:27 AM

Business seeks details in face of mixed COP29 climate messages

Two weeks of acrimonious negotiations in Azerbaijan's capital Baku resulted in a deal for $300 billion in annual climate finance by 2035
25 November 2024, 06:09 AM

US SEC issues summons for India's Adani, nephew on bribery allegations

The summons requires an answer within 21 days, according to the filing dated Wednesday in federal court in the Eastern District of New York. The SEC suit seeks unspecified monetary penalties and restrictions on the Adanis from serving as officers of listed companies.
25 November 2024, 04:20 AM

US development agency 'assessing ramifications' on Adani's Sri Lanka project

The US International Development Finance Corp last November said it would provide $553 million in financing for the port terminal project in Colombo, the capital of Sri Lanka. The project is partly owned by the Adani Group.
25 November 2024, 04:08 AM

SEC issues summons for Gautam Adani, nephew on bribery allegations

The commission is alleging they were engaged in hundreds of millions of dollars in bribes to help an Adani company while "falsely touting the company’s compliance with antibribery principles and laws in connection with a $750 million bond offering".
24 November 2024, 12:21 PM

Bitcoin’s $100,000 moment will be a perfect storm

Trump’s team has met with industry executives to discuss creating a White House job focused on cryptocurrency policy.
24 November 2024, 09:57 AM

Adani CFO says US charges linked to only one business contract

On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by US prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals.
24 November 2024, 07:58 AM

Scott Bessent a credible, safe pick for Treasury: experts

Earlier this month on Fox News, Bessent defended the potential use of tariffs as a means to raise revenue for the government
24 November 2024, 06:57 AM

What forcing Google to sell Chrome could mean 

US antitrust lawyers are calling on a judge to force the sale of Google’s Chrome browser to limit the company’s market clout in a move that would shake up the internet giant.
23 November 2024, 18:00 PM

What forcing Google to sell Chrome could mean

Elon Musk's AI startup could conceivably be a Chrome contender, bankrolled by his riches and having the deal cleared thanks to his close working relationship with incoming president Donald Trump.
23 November 2024, 06:14 AM

Nvidia CEO says will balance compliance and tech advances under Trump

The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.
23 November 2024, 06:09 AM

Japan approves $140b stimulus

Japan’s minority government signed off Friday on a $140-billion stimulus drive aimed at putting more money in consumers’ pockets after the ruling party’s worst election result in 15 years.
22 November 2024, 18:00 PM