MARKETS
Uday Kotak-backed Alternate Asset to raise healthcare fund
The Mumbai-based firm has begun pitching the new fund through global and local roadshows including in New York to attract investors, according to Ashish Ranjan, a fund manager at the firm.
US-PRESIDENTIAL-ELECTIONS
Judy Dimon, wife of JPMorgan CEO Jamie Dimon, knocks on doors for Kamala Harris
Judy Dimon, a longtime donor to Democratic candidates and an education advocate, has been more public in her support
BUSINESS
India to revamp power demand forecasting for better planning
Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicated demand forecasting, requiring systemic reforms.
WORLD
Taxes, tariffs and more: 5 key economic stakes of the US election
US Polls: A divided government, in which the opposition party controls at least one chamber of Congress, could rein in deficits since Congress must approve both spending and taxes.
WORLD
OPEC+ has agreement in principle to delay December ouput hike
OPEC+ has also struggled to get some members — notably Russia, Iraq and Kazakhstan — to implement their share of agreed supply cutbacks
WORLD
Battleground states in US presidential election: Kamala Harris, Donald Trump remain within margin of error
The margin of error was plus or minus 1.3 percentage points across the seven states and about plus or minus 3.5 percentage points for each state poll
WORLD
Rumours, lies and disinformation: ‘A lot of crazy’ in 2024 US election
“There’s a lot of crazy going on,” said Carah Ong Whaley, director of election protection at Issue One, a non-partisan think tank focused on electoral policy.
BUSINESS
Berkshire Hathaway’s cash pile reaches record $325.2 billion
Berkshire’s operating earnings fell 6% from a year earlier to $10.09 billion, as insurance underwriting earnings slumped.
WORLD
Musk loses bid to dismiss ex-Twitter CEO Parag Agrawal's severance lawsuit
US District Judge Maxine Chesney on Friday rejected arguments by Musk’s lawyers that Agrawal’s claims should be dismissed.
WORLD
US payrolls increase by just 12,000, hit by storms and strikes
BLS said the hurricanes likely affected payrolls in some industries, but said it is not possible to quantify the net effect on the monthly change in national employment, hours or earnings estimates
BUSINESS
Investor that had a 3,700% return on Tencent sets sights on India
The new chief executive officer and former startup founder has begun scouring the globe to replicate the blockbuster success from Prosus’s $34 million deal in 2001 to buy 50% of China’s Tencent Holdings Ltd
BUSINESS
New Indian single malt whiskies hold their own against Scotch
In part, that’s due to the diaspora of often well-heeled Indians in the US—including those running acclaimed restaurants like Bungalow, Semma or Junoon, which gladly boost the visibility of Indian spirits or mix them into cocktails.
WORLD
Unemployed? This city is providing free public transport to ease job search
The plan arrives during a period when Istanbul’s transit costs have risen sharply
WORLD
Xi highlights employment woes in speech published before US vote
China’s job market has been bruised by a prolonged property crash that has strained local government finances
WORLD
China factory activity unexpectedly expands on stimulus boost
The Caixin manufacturing purchasing managers index rose to 50.3 last month from 49.3 in September
BUSINESS
Intel surges after results spark optimism over turnaround
In the prior quarter, Intel cut jobs, slashed its spending and suspended investor payouts. The total headcount reduction will be 16,500. Now, Gelsinger needs to show that he can counterbalance the cash drain by generating new orders from customers.
MARKETS
Nomura woes deepen with trading scandal, attempted murder arrest
The drumbeat of bad news is likely to overshadow financial results on Friday
WORLD
Boeing union endorses latest offer to end crippling strike
The company’s latest proposal would boost wages by 38% over four years and give workers a $12,000 signing bonus if it’s approved
AUTOMOBILE
Hyundai debuts new hydrogen car in bet on clean fuel’s future
The vehicle, unveiled Thursday, has a target driving range of over 650 kilometers (404 miles) on a single refueling
WORLD
China economy picks up on stimulus push ahead of US election
Factory activity unexpectedly expanded in October after five months of contraction, the National Bureau of Statistics said Thursday
BUSINESS
Options traders ready for sharp stock moves in India on US vote
The Nifty 50 has slipped more than 7% from its record high last month on concerns over earnings growth at India’s companies, whose reporting season is underway.
TECHNOLOGY
Microsoft shares drop on disappointing Azure growth forecast
Sales from the closely watched Azure cloud-computing business will rise 31% to 32% in the current period, Microsoft executives said Wednesday
WORLD
Spain declares three-day mourning as storms kill more than 90
The local government of Valencia, the coastal region at the epicenter of the disaster, said more than 92 deaths were recorded as of 7.20 pm Wednesday.
INDIA
Former Sam Bankman-Fried lieutenant Nishad Singh avoids jail in FTX case
Bankman-Fried is serving a 25-year prison term after a jury found him guilty of fraud in late 2023
