BUSINESS
Indian bonds suffer biggest outflows since index addition
Global funds net sold Rs 4,960 crore of Fully Accessible Route debt last week, which is the biggest weekly outflow since they were included in JPMorgan Chase's emerging-market bond index in June.
BUSINESS
Indian bonds see biggest outflows since index addition
Global funds sold a net 49.6 billion rupees ($588 million) of the so-called Fully Accessible Route bonds last week, according to Clearing Corporation of India Ltd. data.
WORLD
North Korea may end up sending Putin 100,000 troops for his war
The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un
WORLD
How Donald Trump cut into Democrats’ hold on young voters
The shift is particularly striking since the voting bloc has been reliably Democratic and offers a gloomy outlook for the party’s ability to assemble winning coalitions
WORLD
Bessent, Lutnick in final push for Trump Treasury Secretary pick
The infighting has delayed decisions on Trump’s economic picks even as he rushes to fill many other posts in his incoming administration.
WORLD
Xi seizes role as global defender of free trade against Trump
“Dividing an interdependent world is going back in history,” Xi said in a speech at the APEC CEO Summit in Peru read on stage by one of his ministers
WORLD
China’s dream of ‘powerful currency’ runs into Trump’s return
Beijing engineered a yuan devaluation in 2015, when the PBOC allowed a one-off 1.9% decline in the daily fixing rate.
WORLD
Xi warns against ‘going back in history’ as Trump tariffs loom
The Chinese leader is seeking to portray himself as a champion of economic globalization
BUSINESS
Bitcoin speculative fervor cools, traders await next Trump steps
The largest digital asset slid below $87,000 at one point on Friday after Federal Reserve Chair Jerome Powell said there was no need to hurry interest-rate cuts
WORLD
US industrial production falls 0.3% on strike, hurricane disruptions
The 0.3% decline in output at factories, mines and utilities followed a revised 0.5% decrease a month earlier, Federal Reserve data showed Friday
MARKETS
A near-$1 trillion ETF rush this year breaks Wall Street records
Further signs of the markets ebullience: total US ETF assets hit the $10 trillion mark for the first time in September
AUTOMOBILE
GM plans to cut 1,000 salaried workers in bid to reduce costs
Most of the layoffs will affect staff in North America, said the people, who asked to not be identified because they weren’t authorized to speak publicly
MARKETS
BofA strategists say buy China, Europe ahead of Trump’s inauguration
It’s a contrarian call after a rush by investors to pour money into US assets since Trump’s comprehensive election victory last week
BUSINESS
JPMorgan sets up derivatives development unit in GIFT City
The GIFT City unit adds to the lender’s centers in Hong Kong and London for high-quality product development, sales and support, according to people familiar with the matter
BUSINESS
Fed’s Powell says no need to hurry rate cuts with economy strong
Powell’s remarks prompted traders to pare back expectations for a December rate cut, with the policy-sensitive yield on two-year Treasuries rising as much as eight basis points to 4.36% Thursday.
BUSINESS
Wall Street traders trim bets for December Fed rate cut on Powell’s caution
Swaps traders lowered the chance to less than 60% that the central bank reduces rates at their two-day gathering that wraps on Dec. 18 — from roughly 80% a day earlier.
BUSINESS
Japan lifts Asian equities, dollar rally cools
Developing nations’ assets suffered this week amid developments on US President-elect Trump’s cabinet, shifting interest-rate forecasts and China’s economic uncertainties.
BUSINESS
Hyundai Motor names Jose Munoz as CEO, first foreign leader
The Spanish-born Munoz replaces Jaehoon Chang, who is being promoted to vice-chairman of Hyundai’s automotive division, the company said in a statement Friday.
BUSINESS
SBI seeks $1.25 billion in India’s largest bank loan of 2024
Despite the flurry of activity, India’s dollar loan volume has shrunk 27% to $14.2 billion this year due to the absence of large company borrowings, according to data compiled by Bloomberg.
WORLD
Trudeau's immigration crackdown fails to revive his slumping support
Trudeau’s government last month slashed the number of annual permanent-resident admissions by more than 20%, the first cut to a key immigration group in more than a decade.
BUSINESS
China’s economy forecast to show modest pick-up after stimulus
Industrial output and retail sales are expected to have grown at a faster pace in October compared to September, according to forecasts by economists in a Bloomberg survey.
BUSINESS
Asian equities climb as US CPI supports Fed easing
Stocks in Japan and Australia climbed, while futures for Hong Kong fell as a gauge of US-listed Chinese companies declined Wednesday.
BUSINESS
Markets see 80% chance of December Fed cut after US inflation data
Swaps traders boosted to about 80% the probability that the Fed will cut rates again on Dec. 18, up from around 56% earlier Wednesday.
BUSINESS
Bitcoin surges above $90,000 for the first time as rally resumes on Trump optimism
Donald Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry
