International
ECB’s Rehn says data show first signs of stagflationary shock
It’s the result of the Iran war and rising energy prices
US producer prices post biggest gain in four years in April
They have risen strongly in 2026, partly driven by higher energy costs from the Iran war
S&P 500 opens muted as hot inflation data signals rates to stay on hold
[NEW YORK] The S&P 500 was subdued at the open on Wednesday (May 13) as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all thro...
India clears US$3.9 billion push to turn coal into gas to reduce imported fuel reliance
It will reduce India’s imports of liquefied natural gas (LNG), urea, ammonia and methanol
Trump says no need for China's help on Iran as shippers seek passage through Hormuz
“We’ll win it one way or the other, peacefully or otherwise,” Trump told reporters
India’s Tata Motors warns of near-term cost pressures; quarterly profit surges
It reports earnings of 24.1 billion rupees for the quarter ended Mar 31, up from 14.2 billion rupees the year before
Trump lands in China for Xi summit with billionaire CEOs in tow
Those accompanying the US president include Jensen Huang, Elon Musk
Jack Ma-backed Ant’s profit fell 79% on AI, health care costs
Ant has been investing in AI to find new revenue streams
Tech rivalry, distrust sap summit hopes for Trump-Xi AI push
Amid the AI race, US lawmakers are pushing sweeping new limits on China’s access to semiconductor supply chains
Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial
A final verdict is expected around June
