BUSINESS
Apple misses out on big 2024 smartphone market rebound, IDC says
The latest study highlights the uneven recovery of the smartphone market, which slumped in the post-Covid era. Much of the 2024 growth came from pent-up demand and regions with lower smartphone penetration, IDC said.
BUSINESS
Goldman sees ‘significant’ hit to US from Trump’s Canada tariffs
The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the US, Daan Struyven, the head of commodities research for Goldman, said during a roundtable interview.
BUSINESS
Bhutan studying green financing for $23 billion hydropower plan
The country, which has mostly met its financing needs through a combination of concessional loans and grants from long-time allies such as India, recently saw a flurry of investment interest from entities including the Adani Group,
BUSINESS
Japan’s top chip distributor Macnica eyes acquisitions in China, India
Scale is becoming important even for distributors, according to Macnica President Kazumasa Hara. China, Southeast Asia, India and South Korea are all areas of interest, he said.
WORLD
Mexico hints at retaliation to Trump’s tariff threats
Sheinbaum’s calls for collaboration instead of hostility reflect the delicate balance she has sought to maintain since Trump’s victory put her nation on the front line of a potential US trade war with China.
BUSINESS
Trump team prepares to announce Greer as US trade representative
Greer’s selection highlights the central role tariffs will play in Trump’s economic agenda with the incoming president vowing to use trade policy to raise revenue for the federal government and to pressure companies to reshore manufacturing jobs to the US.
MARKETS
Millennium backs two hedge fund teams with about $1.8 billion
New York-based Scopia Capital Management is getting about $1 billion to manage externally for Millennium, people with knowledge of the matter said.
BUSINESS
Vedanta plans to invest $2 billion in Saudi copper projects
Vedanta also plans to set up a facility to produce as much as 300,000 tons per year of copper rods, a key raw material for electric cables.
TECHNOLOGY
Huawei plans to drop Android entirely in gadgets from 2025
The company’s new flagship phone, the Mate 70, will debut HarmonyOS Next, the iteration of its operating system that does away with remnants of Android in favor of entirely indigenous tech
BUSINESS
Adani Wilmar said to defer stake sale amid US bribery charges: Report
The majority owners of Adani Wilmar currently own a combined 86.8% in Adani Wilmar, far above the maximum permissible 75%.
BUSINESS
Byju’s faces new probe over financial, accounting practices
Registrar of Companies in Hyderabad has been asked to investigate Byju’s books to ascertain if the company misreported financial statements and whether funds were siphoned off, people said, asking not to be identified.
BUSINESS
StanChart front-runner to become the Dollar settlement bank in GIFT City
The move is likely to speed up transactions at a time when foreigners are showing greater interest in India and its sovereign bonds are added to global indexes, including those of JPMorgan Chase & Co.
BUSINESS
TPG said to be in advanced talks to buy Siemens Gamesa India assets
TPG has emerged as the likeliest buyer after outbidding rivals including industry players and private equity firms, the people said, asking not to be identified because the matter is private.
BUSINESS
Japan’s SBI follows Nomura in disclosing Adani Funds exposure: Report
SBI’s asset management arm published the weightings of Adani-related stocks held by four of its publicly offered investment trusts in a statement dated Monday.
BUSINESS
Vedanta sells dollar bonds after a brief pause due to market volatility
A unit of Vedanta, a London-based mining company with most of its operations in India, sold $800 million of callable notes in 3.5- and 7-year tranches.
BUSINESS
It’s reasonable to consider rate cut next month, says Fed’s Neel Kashkari
Policymakers have lowered interest rates by three quarters of a percentage point in recent months, including a larger-than-usual half-point cut in September.
WORLD
Buffett donates $1.14 billion in Berkshire shares to charities
The 94-year-old investor will convert 1,600 of Berkshire’s Class A shares into 2.4 million Class B shares
WORLD
Can the world unite to end the plastic pollution crisis?
Plastic production will jump about 60% to 736 million tons a year by 2040, according to the Organization for Economic Co-operation and Development
WORLD
Sport giant Real Madrid seeks to open door for outside investors
Under the proposal, members will become “the true owners of the club,” Chairman Florentino Pérez said during Real Madrid’s general assembly Sunday
BUSINESS
EQT-backed Indira IVF is said to weigh $400 million Mumbai IPO
The Stockholm-based investment firm is working with arrangers to help prepare for an IPO in Mumbai as soon as next year
BUSINESS
Edelweiss hires Nomura for mutual fund unit stake sale
The Mumbai-based financial services group is exploring a sale of a 25% to 35% stake in the unit, the people said, asking not to be identified because the deliberations are private.
WORLD
Riyadh’s new dealmakers show women rising in $1 trillion economy
Rare interviews with almost a dozen senior female leaders in Saudi Arabia show a dramatic about turn in a country that had few women workers a decade ago
MARKETS
Stubborn US inflation set to reinforce Fed’s go-slow approach
The income and spending report packs the biggest punch for investors during a Wednesday data barrage ahead of the Thanksgiving Day holiday
WORLD
Biden rushes to bolster Ukraine's position against Russia before Trump takes control
That doesn’t mean that Biden’s recent moves will be totally unwelcome by Trump, who could use a stronger Ukraine as a bargaining chip towards a settlement he’d be able to frame as a victory.
