The rupee fell 26 paise to 85.66 against the US dollar in early trade on Monday amid FII outflows and a weak opening at the domestic equity markets. The US on Sunday stepped up pressure on trading partners to make new deals before the July 9 deadline, warning countries that higher tariffs could kick in
China and Hong Kong stocks fell on Monday as anxiety over U.S. trade policy intensified ahead of the July 9 deadline, with upcoming inflation data expected to further test investor nerves. ** As of the midday trading break, China’s blue-chip CSI300 Index 3399300 slipped 0.6%, while the Shanghai Composite Index 000001 edged down 0.2%. **
Tesla CEO Elon Musk and U.S. President Donald Trump at the Oval Office of the White House on May 30, 2025. Kevin Dietsch | Getty Images U.S. President Donald Trump lashed out against Elon Musk after he formed a new political party, calling the move “ridiculous,” and saying the tech billionaire had gone “completely off
A cyclist has been injured after a tour bus lost control and hit road divider fences in Hong Kong’s Sha Tin. According to police, the cyclist reported the traffic accident at the junction of Fo Tan Road and Tai Chung Kiu Road at around 6.08am on Monday. The 48-year-old sustained injuries to his face and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The number of companies applying for a listing in Hong Kong this year has hit an all-time high, as the territory tries to regain its status as a top financial hub and attract Chinese companies
Key Points Bill Ackman is a buy-and-hold investor focused on stocks trading below their intrinsic value. Ackman has established positions in or continued buying all three of these stocks in 2025. All three offer good value in today’s market despite the rising stock prices. Bill Ackman likes to keep his hedge fund, Pershing Square Capital,
FWD Group made a flat trading debut in the Hong Kong stock market, as the insurer’s four-year listing journey from New York back to its hometown failed to resonate with investors, even as it built an Asia-wide group across 10 markets. Trading under the stock code 1828, FWD’s shares began trading at HK$38, unchanged from
Washington — White House National Economic Council director Kevin Hassett said Sunday that “rough outlines of the deals are becoming clear” ahead of a key tariff deadline this week, with agreements like the U.K. and Vietnam deals serving as “guidelines for what might happen” with other countries. “There’s going to be quite a bit of
