Business

US-China AI decoupling ‘manageable’ for trade – but tech curbs a ‘wild card’: Citi

South China Morning Post

US-China AI decoupling ‘manageable’ for trade – but tech curbs a ‘wild card’: Citi

As US-China tech tensions rise ahead of an expected leadership summit next month, analysts argue Washington’s latest restrictions are unlikely to cause a major disruption in China’s AI exports. But they caution that some of the measures…

South China Morning Post

The Markets Have Been on a Roll. Is It Time to Hedge Your Bets?

The Markets Have Been on a Roll. Is It Time to Hedge Your Bets?

The S&P 500 is in position for a rare fourth year of consecutive annual gains. Risks are rising, our columnist says, yet Wall Street is doubling down.

Indonesia targets 6 percent economic growth in 2027, Prabowo says

Antara News

Indonesia targets 6 percent economic growth in 2027, Prabowo says

The government is targeting Indonesia's economic growth to reach 6 percent year-on-year in 2027, according to the ...

Antara News

SpaceX Completes Its $60 Billion Cursor Acquisition

SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musk’s bid to gain ground on rivals Anthropic PBC and OpenAI.

India's forex reserves climb to $707 billion, mark $14.1 billion jump

Times of India

India's forex reserves climb to $707 billion, mark $14.1 billion jump

India's foreign exchange reserves jumped a notable $14.136 billion, reaching a total of $707.002 billion for the week ending August 7. This surge was largely driven by a $9.946 billion rise in foreign currency assets, complemented by a…

Times of India

EdgeConneX Seeks $2.5 Billion Bank Pledge for Data Center Power

EQT-backed EdgeConneX Inc. is asking banks to guarantee as much as $2.5 billion in power costs, joining a wave of data center builders turning to new financing playbooks to fuel growth.

Odds of a Fed Rate Hike May Rise, Emanuel Says

Julian Emanuel, Evercore ISI chief equity & quantitative strategist, says the odds of a Federal Reserve interest rate hike may keep rising ahead of the next decision that comes in September. Emanuel says that could cause some volatility in…

Radiant World Said to Sell Aluminum Stockpile to STG Group

Metals trader Radiant World agreed to sell a stockpile of aluminum to STG Group, according to people familiar with the matter, in a move that will bring in liquidity to the firm.

Daniel Kinahan, Ireland’s most wanted man, faces his day in court

Financial Times

Daniel Kinahan, Ireland’s most wanted man, faces his day in court

Crime boss suspect tried to mix legitimate business with allegedly running a murderous empire

Financial Times

Retail sales slump in July. Cheaper gas and Amazon Prime hangover are the chief culprits.

MarketWatch

Retail sales slump in July. Cheaper gas and Amazon Prime hangover are the chief culprits.

Sales at U.S. retailers fell in July for the first time in 14 months, but not because the economy sputtered. Americans spent less at gas stations because of lower oil prices and they bought less online after Amazon’s summer sales bonanza.

MarketWatch

New Yorkers Can’t Stop Lining Up for This Sushi

At a proliferating number of stores, discounts on sushi and other items are offered after 8 p.m. To get the best meals, you have to be there early.

Robinhood Bets Again on a Public Venture Capital Fund

Robinhood Bets Again on a Public Venture Capital Fund

The trading platform raised $200 million for a second publicly traded vehicle to let ordinary investors buy into privately held start-ups.