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US equity-index futures climbed Friday as signs the US will avoid a government shutdown injected a boost to sentiment. Shares in Japan retraced early losses while those in Australia also climbed higher along with indexes in Hong Kong. Futures contracts for US equities advanced early Friday as a stopgap funding bill looked set to pass and avoid a US government shutdown. The S&P 500 dropped 1.4% on Thursday to a six-month low, bringing its three-week rout past 10% — a correction in trader parlance. The Nasdaq 100, also in a correction, fell 1.9%.

artificial intelligence servers. Net profit for October-December for Apple's top iPhone assembler and Nvidia's AI server maker likely came in at T$54.4 billion ($1.65 billion), according to an LSEG consensus estimate of 15 analysts, versus T$53.15 billion a year earlier. Foxconn said in January its fourth-quarter revenue jumped 15.2% to a record for that quarter on strong sales of AI servers.

tariff threats. On Thursday, for the first time, the benchmark S&P 500 finished more than 10% below its most recent record high close, achieved on February 19.

Indian markets will be closed for a total 14 days for various festivals and other important occasions. In the month of March, there is one more holiday on the eve of Ramzan Id, which will fall on March 31.

U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs. The Tesla comments reflect those of many U.S. businesses concerned by Trump's tariffs, but is notable because it is from Tesla. Tesla CEO Elon Musk, a close ally of Trump, has been leading the White House effort to shrink the size of the federal government. The billionaire heads up the so-called Department of Government Efficiency. The comments were made in a letter to the U.S. Trade Representative's Office and available on the office's web site. Dated Tuesday, it is among hundreds sent by companies to the office about U.S. trade policy. It is not clear who at Tesla wrote the letter, which is unsigned but is on a company letterhead. Tesla did not immediately respond to a request for a comment.

G7 nations were set to negotiate late into the night over a joint statement to show a united front in Canada on Thursday after weeks of tension between U.S. allies and President Donald Trump over his upending of Western trade and security policy. The Group of Seven ministers from Britain, Canada, France, Germany, Italy, Japan and the United States, along with the European Union, convened in the remote tourist town of La Malbaie, nestled in the Quebec hills, for meetings on Thursday and Friday that in the past have been broadly consensual. U.S. Secretary of State Marco Rubio briefed his colleagues on talks on Tuesday with Ukraine in Jeddah, Saudi Arabia, where Kyiv said it was ready to support a 30-day ceasefire deal. But officials said ambiguous comments by Russian President Vladimir Putin left delegates unclear where things stood. In the run-up to the first G7 meeting of Canada's presidency, the crafting of an agreed all-encompassing final statement had been tough, but diplomats said the atmosphere since had been positive and candid.

Donald Trump launched a scathing critique of the Wall Street Journal, accusing the publication of promoting “globalist” and “antiquated” agendas after it reported on his family’s alleged negotiations with crypto exchange Binance, as per Daily Mail UK. The report revealed discussions involving the Trump Organization potentially acquiring a stake in Binance, whose founder, Changpeng Zhao, recently served prison time for money laundering violations and sought a presidential pardon.

U.S. President Donald Trump threw a curve ball at China by linking the fentanyl issue to his tariffs on imports

The dispute stems from Trump’s earlier steel and aluminum tariffs, prompting the EU to impose levies on $699 million worth of U.S. goods, including bourbon and agricultural products.

White House took a lighthearted turn when President Trump became distracted by JD Vance.

Subscribe to enjoy similar stories. Mumbai: Bears began converging at the IndusInd Bank derivatives counter as October drew to a close, a time when the private lender detected the debacle that would jolt its investors only months later.

Subscribe to enjoy similar stories. If Chinese AI lab Deepseek shook the industry with its open-source, budget-friendly reasoning model earlier this year, another Chinese startup, Monica, is impressing many with its new general-purpose AI agentic model, Manus. Are there lessons for India? Chinese artificial intelligence (AI) lab DeepSeek disrupted AI with its low-cost reasoning R1 model this year, prompting OpenAI to respond with o3 mini and GPT-4.5.

Subscribe to enjoy similar stories. The high-stakes battle in a US court between two of India’s biggest IT services companies—Cognizant Technology Solutions Corp and Infosys Ltd—took a curious turn this week.

(Bloomberg) — Canada’s second-biggest supermarket company said a boycott of US goods is quickly taking hold in reaction to President Donald Trump’s tariffs and his threats of “economic force” to make the country the 51st US state.

The Bank of Canada cut interest rates by 25 basis points to 2.75 per cent — the seventh consecutive reduction — as it finds itself grappling with uncertainty created by United States President Donald Trump’s tariff onslaught.

Piyush Goyal on Thursday assured exporters that the government is working overtime to protect India’s interests in the proposed Bilateral Trade Agreement (BTA) being negotiated with the United States but said that the country cannot be protectionist at a time when the world is moving towards reciprocity. The US has announced imposing reciprocal tariffs on many countries including India from April 2. He also allayed the concerns of the industry with regard to the US and called on them to reflect on their strengths and share their demands and interests with the government for better engagement with Washington. “Reflecting on the reciprocal tariffs, he has cautioned the councils to come out of their protectionist mindset and encouraged them to be bold and ready to deal with the world from a position of strength and self-confidence,” the commerce and industry ministry said in a statement after Goyal held a consultation with export promotion councils and industry associations. Reminding them of the budgetary announcement of Export Promotion Mission focusing on new products, new markets and new exporters, Goyal urged the industry to come forward with suggestions to effectively shape the schemes to achieve the desired goal. Reflecting on the changing global scenario, the minister assured that the government is working on overtime basis, and will leave no stone unturned to ensure a good future for Indian exporters, both merchandise and service and to protect the interest of the country, according to the ministry.

Donald Trump is the archetypal tyrant. What occurred at the Oval Office between Trump and Zelenskyy belongs to the playbook of one that many Trump supporters hold in high regard. In 1938, Austrian chancellor Kurt Schuschnigg was summoned by Hitler for a meeting that ended with Hitler hectoring his Austrian counterpart and serving him an ultimatum in the presence of high-ranking German generals. Schuschnigg returned home without acquiescing to any demands. Eventually, he was forced to resign and arrested. The Anschluss began and history followed its course. Trump is unlikely to follow this playbook to the bitter end. He's only interested in a deal that offers Ukraine US support in exchange for rare earth deposits. But he continues to cajole and threaten Putin and Zelenskyy to succeed as a mediator of peace.

Sticky issues haven't changed since 2007 in the FTA's Take 1. What has changed, drastically, is context. Take 2 will be forged with the US having triggered a global tariff war and supply chains disrupted.

Enforcement Directorate Thursday said it has found «multiple irregularities» in the operations of TASMAC that has monopoly over liquor trade in Tamil Nadu, including «manipulation» in the tender processes and «unaccounted» cash transactions worth Rs 1,000 crore through distillery companies. The federal agency claimed in a statement that it got «evidence» suggesting these corrupt practices after it raided the employees, corporate offices of distilleries and plants of the Tamil Nadu State Marketing Corporation Limited (TASMAC) on March 6. ED sources, on the day of the raids, had said the searches were also conducted against «key associates» linked to prohibition and excise department minister Senthil Balaji. The ED said it found «incriminating» data related to transfer postings, transport and bar licence tenders, indent orders «favouring» few distillery companies, excess charge of Rs 10-30 per bottle by TASMAC outlets, with the «involvement» of TASMAC officials, during the searches. It said this data shows «manipulation» in TASMAC's transport tender allocations where a «glaring» issue was the «mismatch» between the KYC details of the applicant and the demand draft (DD), suggesting that the final successful bidder did not even obtain the requisite DD before the application deadline. Tenders were awarded despite having only a single applicant in the final bid. TASMAC paid over Rs 100 crore annually to transporters, as per the ED.

Markets regulator Sebi has widened the ambit of the scope of Unpublished Price Sensitive Information (UPSI) by including any proposed fundraising activities agreements which can impact the management or control of the company, restructuring plans, and one-time bank settlements. The move is aimed at enhancing regulatory clarity, certainty and uniformity in compliance in the ecosystem. To give this effect, Sebi, in a notification issued on March 11, amended insider trading regulations. The new rules would come into force from June 10.