Highlights:

• Bulls Warming Up to India Small Caps as Earnings Improve — Smaller firms posted a 29% jump in December-quarter earnings. Bloomberg Markets

• Japan Accounting Group Seeks to Ease Rule on Insurer Bond Losses — A Japanese accounting group is seeking to ease rules on how life insurers book paper losses on government bonds. Bloomberg Markets

• Starboard Urges Bitcoin Miner Riot to Speed Up Shift to Data Centers — Activist investor Starboard Value is asking Riot Platforms Inc. to accelerate its transition from Bitcoin mining to operating data centers for hyperscaler tenants. Bloomberg Markets

• Elliott Builds Norwegian Cruise Stake, Alleges Overspending on Katy Perry Concert — Activist investor Elliott Investment Management has built a stake exceeding 10% in Norwegian Cruise Line Holdings Ltd., citing management concerns and event spending. Bloomberg Markets

• Billionaire Paulson Sells Stake in Alaska-Focused Trilogy Metals — Billionaire hedge-fund manager John Paulson has exited his stake in Trilogy Metals Inc. after more than a decade, following the company's recent US government backing. Bloomberg Markets

• 'Predator' Spyware Used to Hack iPhone of Journalist in Angola — A prominent journalist in Angola was targeted by government-grade spyware in the first known case of its kind in the southern African nation. Bloomberg Technology

• Mamdani Threatens NYC Property Tax Hike as Last-Resort Option — New York City Mayor Zohran Mamdani has threatened a nearly 10% property tax increase to pressure Governor Kathy Hochul for additional funding. Bloomberg Markets

• Bank of Canada Orders Payments Firm XTM to Stop as Millions Go Missing — The Bank of Canada issued an order halting financial technology company XTM Inc. from handling retail payments, alleging it failed to safeguard client funds. Bloomberg Markets

• Nvidia Sells Off Stake in Arm, a Company It Once Tried to Buy — Nvidia Corp. has sold its remaining stake in Arm Holdings Plc, the chip technology company it attempted to acquire five years ago. Bloomberg Technology

• Gold Steadies After Two-Day Drop in Thin Lunar New Year Trading — Gold was little changed after a two-day decline, with many Asian markets offline for the Lunar New Year holiday. Bloomberg Markets