International Financial News

Subscribe to enjoy similar stories. MEXICO CITY—For many drug-enforcement officials in North America, there was one cartel boss who was too big and too dangerous to ever try to take down—Nemesio “El Mencho" Oseguera, the head of the Jalisco New Generation Cartel.

Subscribe to enjoy similar stories. U.S. importers on Tuesday will no longer have to pay most of the sweeping tariffs President Trump imposed last year.

India’s plastic bottles industry faces a ₹10,000 crore quandary: investments in a costlier, recyclable, food-grade material risk turning dud as regulatory uncertainty has slowed adoption by beverage makers.India drafted rules in February 2022to make it mandatory for beverage-grade bottles to contain at least 30% recycled polyethylene terephthalate (r-PET). It’s a kind of material that can be fully recycled.

Subscribe to enjoy similar stories. In the regulatory tussle over supervision of India's clearing houses, the European Union blinked first. Ending a three-year standoff over supervision of the Clearing Corp.

Subscribe to enjoy similar stories. President Donald Trump’s new 15% global tariff is causing uncertainty and confusion among investors and international lawmakers alike. Trump announced the move Sunday, up from a 10% rate, after the Supreme Court struck down levies the administration imposed under the International Emergency Economic Powers Act Friday.

Subscribe to enjoy similar stories. The Centre has set new standards aligning domestic norms with global benchmarks for children’s apparel to help domestic manufacturers meet stricter international regulations, two people close to the development said.

Vertis Infrastructure Trust, an infrastructure investment trust (InvIT) backed by global investment firm KKR and Ontario Teachers’ Pension Plan, plans to double its assets under management (AUM) to about ₹52,000 crore over the next two years, driven by steady secondary acquisitions of operational highway projects worth ₹5,000–6,000 crore annually, joint chief executive officer Zafar Khan said in an interview.The roads-focused InvIT, which currently manages assets worth around ₹26,000 crore, expects to add a mix of hybrid annuity model (HAM) and toll projects to maintain a balanced portfolio and enhance investor returns.“We are not satisfied with ₹26,000–27,000 crore. We are looking at doubling our AUM in the next two years.

Subscribe to enjoy similar stories. After the US Supreme Court ruled against his emergency tariffs, President Donald Trump has vowed to rebuild the tariff wall by other means. However, his tariff weapon, blunted by the ruling, would never be the same again.

Subscribe to enjoy similar stories. New Delhi: A set of common initiatives and directives signed by India, the US, China and 83 other countries at the recently concluded India AI Impact Summit will shape global collaborations on artificial intelligence (AI) despite the agreement being non-binding in nature, said a top bureaucrat who spearheaded the declaration. On Saturday, the government released the New Delhi declaration that was signed by 88 entities, including the European Union (EU) and the International Fund for Agricultural Development (IFAD).

In Jules Verne’s classic Twenty Thousand Leagues Under the Sea, Captain Nemo’s futuristic submarine, the Nautilus, is battery-powered. Electric shipping has remained science fiction ever since. That might be about to change, though.

Mumbai finally got itself a new mayor, Ritu Tawde from the Bharatiya Janata Party (BJP), after a long hiatus. The city’s municipal corporation is the country’s richest local body and expectations from the incoming mayor were quite high.

Subscribe to enjoy similar stories. HONG KONG—In his two decades at Silicon Valley venture-capital titan Sequoia, Neil Shen made billions by identifying and investing in every major tech company to emerge in China. Now, the Chinese billionaire is betting big on artificial intelligence, using American capital to fund Chinese firms competing in the global AI race.

Subscribe to enjoy similar stories. Stocks rallied on Friday after the Supreme Court repudiated the signature pillar of President Donald Trump’s trade agenda, but the market’s relief is likely to be short-lived. Instead, investors should prepare for a new round of economic uncertainty.

Subscribe to enjoy similar stories. The Supreme Court’s decision overturning President Trump’s use of emergency powers to impose tariffs on imports isn’t the game-changer for international trade that it might appear to be at first. In Asia, Europe and the Americas, governments don’t expect Trump to abandon his favorite tool of economic policy, despite the legal setback.

Subscribe to enjoy similar stories. The US Supreme Court’s ruling blocking the use of emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs has significantly narrowed the executive branch’s trade toolkit. While the administration can still pursue tariffs under other statutes, those routes are more constrained, procedurally demanding and legally vulnerable.

UPL Ltd plans to spin off and list its crop protection business as an independent entity, as part of a strategy to create the world's second-largest agrochemical firm. The Mumbai-headquartered company announced on Friday a three-step restructuring plan to consolidate its domestic and international pesticide units into a single global entity.This restructuring was undertaken in 2022 when the country’s largest agro-chemicals firm brought in private equity giants into three of its businesses.Under the three-step process, UPL Ltd will first merge its India crop protection subsidiary, UPL Sustainable Agri Solutions, with its parent.

Subscribe to enjoy similar stories. Months before Jesse Van Rootselaar became the suspect in the mass shooting that devastated a rural town in British Columbia, Canada, OpenAI considered alerting law enforcement about her interactions with its ChatGPT chatbot, the company said. While using ChatGPT last June, Van Rootselaar described scenarios involving gun violence over the course of several days, according to people familiar with the matter.

Subscribe to enjoy similar stories. In what could prove to be a major relief for nearly every country in the world, the US Supreme Court has struck down a significant portion of US President Donald Trump’s sweeping global tariffs, opening the door for companies to seek refunds for over $100 billion in additional duties paid since the announcement of reciprocal tariffs on 2 April 2025.For India, this could mean that nearly 60% of the export basket, which was set to face 18% tariffs upon the conclusion of the interim trade deal with the US, reverts to the pre-Liberation Day rate of around 2.5%.

XED Executive Development, set to be the first company to list on the GIFT City exchanges after its upcoming IPO, has appointed a market maker for one year to address low liquidity on the exchanges.“We have appointed Evermore as our market maker and 5% of the issue has been set aside for market-making purposes,” Piyush Agarwal, chief executive officer of XED Executive Development, toldMint.XED, which provides leadership and management development programmes to senior professionals in over 25 countries, plans to raise $12 million through a dollar-based offering. It will be listed on the NSE International Exchange and the India International Exchange – in GIFT City – in the first week of March.As the first company to list on these exchanges, XED may initially face liquidity challenges.

Subscribe to enjoy similar stories. Navin Fluorine International Ltd’s stock has delivered almost 60% returns over the last one year. On 10 February, the shares hit an all-time high of ₹6,965 apiece and are now trading around 7% lower.

Subscribe to enjoy similar stories. Drones are revolutionising logistics, swiftly moving everything from medical supplies to diagnostic samples across challenging terrain. Leading Indian drone companies have been at the forefront of this shift, adapting their technology to navigate the country's complex geography and climate.