Asia stocks mixed as Apple outlook weighs; RBA raises rates to 18-yr high

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• AI-related debt binge may pressure European bond markets

  Massive infrastructure requirements are pushing American technology leaders across the Atlantic to secure cheaper funding and hedge foreign exchange exposure. This influx of foreign issuance threatens to saturate regional debt avenues and widen credit spreads for traditional local issuers. Consequently, regional utilities, telecom operators, and sovereign entities face higher borrowing burdens amid existing economic strain.

  3 min read
• ₹3.88L cash, ₹16L jewellery; here’s why he won

  The Hyderabad Income Tax Appellate Tribunal dismissed additions previously imposed on an individual's taxable income following an extensive home search. Officials had initially flagged both physical currency and family ornaments as unexplained income for the 2011-12 assessment year. The tribunal resolved the matter by confirming that existing financial statements and established administrative guidelines sufficiently accounted for all seized assets.

  9 min read
• Chinese yuan set for biggest daily drop in six months after PBOC tightens FX reserves

  Policymakers are stepping in to cool a months-long currency rally that has lifted the currency roughly 5% against the dollar this year, threatening the nation's export competitiveness. By locking up foreign currency liquidity held by financial institutions, the central bank aims to moderate rapid appreciation driven by robust trade surpluses. This regulatory shift quickly triggered broad selling across both onshore and offshore currency markets.

  3 min read