Latest Business News
Indian Stock Markets Open for Historic Sunday Session on Budget 2026 Day
Indian equity markets, including NSE and BSE, are open for a special live trading session on Sunday, February 1, 2026, from 9:15 AM to 3:30 PM IST, coinciding with Finance Minister Nirmala Sitharaman's Union Budget 2026 presentation. This rare event, only the second since independence on a Sunday, allows real-time market reactions. Commodity markets are also operational until 5 PM.
US Markets Close Lower Amid Fed Policy Uncertainty and Hawkish Chair Nomination
Major US indices declined on Friday: Dow Jones fell 0.85% to 48,655.88, S&P 500 dropped 0.52% to 6,932.61, Nasdaq fell 0.66% to 23,527.62, and NYSE Composite plunged 1.11%. Declines driven by financials, sector rotation, mixed earnings, and hawkish Fed sentiment strengthening the dollar. Investors assess impact of potential Fed leadership shift.
Trump Claims Tariffs Created 'American Economic Miracle' Despite Critics
US President Donald Trump asserts his April tariffs on nearly all foreign countries sparked an economic miracle with 4.4% growth, 1.4% inflation, rising worker incomes, and 52 stock highs since 2024 election. He claims budget deficit cut 27%, trade deficit slashed 77%, with new deals blunting retaliation. Critics' recession warnings proven wrong, per Trump op-ed.
AkzoNobel and Axalta Announce $25 Billion Merger to Form Paint Giant
AkzoNobel, maker of Dulux paint, is merging with Axalta Coating Systems in a deal valuing the new entity at $25 billion. AkzoNobel shareholders to receive a 2.5 billion euro dividend. The move creates a major player in the paints industry.
Hyundai Motor Group Pledges Record $85.8 Billion Investment in South Korea
Hyundai announces $85.8 billion investment over five years in South Korea, focusing on AI, robotics, and electric vehicles to boost innovation and exports. This landmark commitment aims to strengthen national technological capabilities.
Xiaomi Reports 81% Q3 Profit Jump Driven by EV Sales
Xiaomi's third-quarter profit surged 80.9% year-over-year, fueled by strong electric vehicle sales and innovative initiatives. The company achieved its first net profit from EV operations in a single quarter.
UN Chief Guterres Warns of Imminent Financial Collapse
UN Secretary-General Antonio Guterres stated the United Nations faces financial collapse risk due to cash shortages. The organization is on the brink, urging member states to address funding gaps immediately.
US Dollar Hits Lowest Since 2022 Amid Tariff Backlash and Debt Concerns
Bloomberg Dollar Spot Index saw its sharpest decline since April, reaching lowest since February 2022, linked to Trump's tariff agenda and unsustainable US debt. Investors shift to gold, which hit $5,185/oz signaling dollar confidence erosion.
BRICS Expansion Risks Eroding Its Global Governance Potential
BRICS could emerge as a new pillar of global governance if rapid growth stabilizes with ground rules and enforcement. However, enlargement without cohesion may undermine its clout.
Kevin Warsh Fed Nomination Could Crush Trump's Rate-Cut Hopes
Potential Fed chair Kevin Warsh, seen as hawkish, might oppose rate cuts, risking clash with Trump like Powell faced. Warsh would need to decide on tolerating minority votes.
Apple Forecasts Strong Q1 Revenue on iPhone Demand in China and India
Apple expects robust March quarter revenue growth driven by strong iPhone sales in China and India. Memory chip shortages pose potential challenges.
US Jobless Claims Hit Two-Month High Amid Shutdown Delay
Continued jobless benefit claims rose to 1.957 million for week ending October 18, per Labor Department data. Increase linked to government shutdown delays.