Inside India newsletter: Energy, airlines and now over $50 billion in remittances to India at risk as Middle East conflict deepens
India can’t seem to escape from the fallout of the escalating conflict in the Middle East. After energy and aviation, remittances could be the latest worry.
Judge orders U.S. Customs to process refunds on illegal Trump tariffs
A U.S. trade court judge ordered the government to begin paying refunds to importers who paid tariffs that the Supreme Court said were collected illegally.
CNBC Daily Open: China sets lowest growth target in decades
That target at 4.5% to 5% marks a downgrade from the “around 5%” set in the past three years.
China to boost defense spending by 7%, slowest pace since 2021
Beijing’s planned military budget comes amid escalating conflict in the Middle East and persistent tensions over Taiwan.
China sets its lowest annual growth target on record at 4.5% to 5% as deflation and tariffs bite
That marks a slight downgrade from the “around 5%” target set in the past three years.
South Korea’s Kospi rebounds to clock its best day since 2008, soaring 10%
Asia-Pacific markets traded higher Thursday, rebounding after several days of steep losses.
Tech industry group expresses ‘concern’ to Pete Hegseth over Anthropic supply chain risk label
The Information Technology Industry Council’s letter doesn’t name Anthropic, but lands days after the AI company was designated a supply chain risk.
South Korea stocks crashed 18% in two days. Could it happen here?
Wall Street doesn’t see the quick slump in Korean stocks as a harbinger for anything to come in the U.S.
Nvidia CEO Huang says $30 billion OpenAI investment ‘might be the last’
Huang also mentioned that Nvidia’s $10 billion investment in OpenAI rival Anthropic would likely be its last.
Broadcom earnings are out after market close. What top analysts are expecting
Analysts from firms including Morgan Stanley, UBS and JPMorgan are notably bullish on Broadcom’s TPU business.
