The Business Times

Davos

International

Saudi US$600 billion package with US includes investments, procurement: minister

Devendra Fadnavis, chief minister of Maharashtra, says: “My pitch to investors is that there is very good investment climate. We have got huge investments from diverse sectors.”
International

India’s Maharashtra gets US$200 billion investment vows at Davos

U.S. President Donald Trump says: “The US has the largest amount of oil and gas of any country on Earth, and we’re going to use it. Not only will this reduce the cost of virtually all goods and services, it will make the US a manufacturing superpower.”
Global Enterprise

Trump urges lower oil prices, interest rate cuts at Davos

WTO director-general Ngozi Okonjo-Iweala says: “If we have tit-for-tat retaliation, whether it’s 25 per cent tariff (or) 60 per cent and we go to where we were in the 1930s we’re going to see double-digit global GDP losses."
Global Enterprise

Trade wars sparked by Trump tariffs would be ‘catastrophic’: WTO chief

US President Donald Trump with an executive order during a signing ceremony in the Oval Office of the White House in Washington, DC, US, on Monday, Jan. 20, 2025. President Donald Trump launched his second term with a strident inaugural address that vowed to prioritize Americas interests with a "golden age" for the country, while taking on "a radical and corrupt establishment." Photographer: Jim Lo Scalzo/EPA/Bloomberg
International

One by one, world leaders in Davos fall in line in Trump era

Bundesbank president Joachim Nagel says: “We have to become powerful on the ground and then we are in a much better position when it comes to the tariff discussion. But we have to prepare ourselves.”
Banking & Finance

Tariffs will leave everyone worse off, Bundesbank chief warns

JPMorgan’s chief executive officer Jamie Dimon said there are signs that the US stock market is overheated.
Capital Markets & Currencies

JPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return

ECB president Christine Lagarde says: "“The direction is very clear. The pace we shall see depends on data, but gradual move is certainly something that comes to mind at the moment.”
International

ECB policymakers line up behind further interest rate cuts

China's Vice-Premier Ding Xuexiang said economic globalisation was not a zero-sum game but a process of mutual benefit and shared progress.
Global Enterprise

China does not pursue a trade surplus, willing to balance trade: vice-premier

US sanctions on Russian crude tankers may impact over two million barrels, but it is too early to assess market tightness, according to Saudi's Aramco CEO Amin Nasser.
Energy & Commodities

Aramco chief expects additional oil demand of 1.3 million bpd this year

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