WORLD
From replacing income taxes with tariffs to Xi and aliens, Trump opens up in a freewheeling podcast
Trump opined on a number of topics, defending his populist economic agenda while offering strong praise for billionaire Elon Musk - who he labeled “out of this world” - as well as Chinese President Xi Jinping.
WORLD
Stimulus matters more than US election for Chinese stocks
An analysis by Bloomberg Economics shows compared to 2018-2019, when Trump’s tweets on trade and tariffs sent shock waves through global financial markets, there’s less such correlation now.
WORLD
China plays nice with US partners ahead of possible Trump return
Nevertheless, improved ties with its neighbors will give China more freedom of action and options,
BUSINESS
Midcap stocks near correction as growth outlook sours
The Nifty Midcap 100 tumbled 1.9%, extending losses to more than 9%. That brings it closer to a correction zone, which is defined as a 10% fall from a recent high.
BUSINESS
NSE IPO hinges on approval from Sebi, says CEO Ashish Kumar Chauhan
The National Stock Exchange, whose IPO has faced delays since it initial filing in 2016, needs approval from the capital market regulator to reapply, CEO Chauhan told Bloomberg.
BUSINESS
India's bond outflows highlight impact of swap trade unwinding
Global funds have been net sellers of emerging market debt, driven in part by the rising US Treasury yields.
BUSINESS
Xi’s stimulus package met with wall of skepticism in Washington
Central bank governors and finance ministers threw cold water on China’s recent roll-out of rate cuts, more cash for banks and housing sector support on the sidelines of the annual meeting of the International Monetary Fund and World Bank.
MARKETS
Bond yields decline as Asian stocks fluctuate
Indexes in Australia and South Korea advanced, offsetting Japan’s slide to keep MSCI’s Asian index flat
COMPANIES
Japan’s Nippon Express is looking to make acquisitions in India
Nippon Express is seeking faster growth outside its home market, with the goal of reaching 40% of revenue from abroad by 2028
MARKETS
India bond ETFs to draw billions as Amundi to BlackRock join race
BlackRock Inc., Amundi SA and Janus Henderson’s Tabula Investment Management unit are among those that have launched new ETFs
MARKETS
A $50 billion money pool helps India stocks brave foreign exodus
Equities in one of the most-preferred emerging markets have come under pressure in October after a record 11-month rally
INDIA
Xi-Modi breakthrough followed months of pressure by India CEOs
Modi met Chinese President Xi Jinping on Wednesday at the BRICS summit in Russia, where the two leaders pledged to stabilize relations
MARKETS
Asian stocks fall, yen steadies after weakening
Japanese, South Korean and Australian shares as well as stock futures for Hong Kong all dropped Thursday following a 0.9% decline for the S&P 500 on Wednesday
IPO
Hyundai India gets flood of bullish calls amid weak debut
The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers including Motilal Oswal Securities Ltd
COMPANIES
Jio Financial in talks with Allianz for insurance partnership: Report
The Munich-based firm has indicated to its current partner Bajaj Finserv Ltd. that it’s “actively considering an exit” from the ventures
WORLD
Trump excludes Asian, European cars from vehicle tax-break plan
Trump has increased his focus on US automakers in recent weeks as he’s sought to assuage voter concerns about domestic manufacturing jobs
COMPANIES
StanChart refreshes India strategy to target wealthy
Standard Chartered’s plans mirror those of several global peers and large wealth managers, which are clamoring for a share of managing India’s massive wealth generation
INDIA
Sonam Kapoor buys Mumbai’s iconic music store Rhythm House for $5.7 million
The 3,600-square foot Rhythm House had been shuttered in 2018 after Nirav Modi, the owner of Firestar Diamond International Pvt that ran the music store, defaulted on billions of dollars of bank loans
WORLD
HSBC revamp by new CEO Elhedery stumps staffers, investors alike
There was, for instance, no sense of how many jobs might be on the chopping block as the lender merged two of its largest businesses and axed some of its longtime regional divisions.
MARKETS
Asian stocks fluctuate with US Fed’s pace in focus
Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher
INDIA
India loses to rivals as US diverts trade from China: Report
The biggest beneficiary from the trade diversion in the region has been Vietnam, whose total share in US imports grew by 1.7 percentage points to 3.7% in the period
BUSINESS
Hyundai Motor India set to list today, debut may set the tone for other mega IPOs
The IPO valued the Indian unit of South Korea’s Hyundai Motor Co. at about $19 billion. The parent sold a 17.5% stake in India’s second-largest carmaker in the deal.
MARKETS
Asian shares decline as bonds extend sellof
The MSCI AC Asia Pacific Index fell as much as 1.1% as benchmarks in Australia and Japan declined while Chinese markets edged higher
BUSINESS
Disney names James Gorman to serve as next chairman; anticipates naming new CEO in early 2026
Iger was Disney’s public face for 15 years, compiling a string of victories lauded in the entertainment industry and by Disney fans, before he retired in 2020.
