BUSINESS
Microsoft launches AI agents, deepening rivalry with Salesforce
While promoting Salesforce’s tools, Chief Executive Officer Marc Benioff has also taken repeated shots at Microsoft’s effort over the past few weeks.
BUSINESS
From AI beds to remote ICUs, startups are plugging India’s health gaps
Hospitals across India — as in much of the world — are often understaffed and doctors and nurses overworked resulting in small delays in patient care that can lead to life-threatening complications.
BUSINESS
Green Hydrogen price starting to come down in India, says Hygenco
India is reliant on imports to meet its demand for natural gas, and that expense is reflected in the price of so-called gray hydrogen. That may be tilting the balance in favour of the green version, which has typically been far costlier to produce.
BUSINESS
Bain Capital-backed 360 One WAM's co-CEO Taparia to depart
360 One confirmed Taparia’s departure, saying he tendered his resignation last month and a smooth transition is underway. Taparia declined to comment.
WORLD
Pakistan lawmakers change Constitution, cut judiciary's powers to strengthen influence
A parliamentary committee will now choose the chief justice from the three senior most justices of the Supreme Court
MARKETS
Hot India private credit market faces risks as exuberance grows
Local firms are fueling competition with global giants such Cerberus and Oaktree Capital Management
BUSINESS
Bitcoin miners take divergent paths six months after revenue ‘halving’
Public miners including MARA Holdings, Riot Platforms and CleanSpark are keeping the Bitcoin they produce with the expectation that the digital asset will rise in value
MARKETS
Most Asian shares rise, Gold touches record high
Australian stocks climbed, while Japanese equities swung between gains and losses
BUSINESS
Blockbuster week for Asian IPOs set to be biggest since 2022
Around 20 companies from Asia Pacific are listing shares this week in deals that may raise as much as $8.3 billion
TECHNOLOGY
Cringey LinkedIn posts are getting dragged on fast-growing subreddit
Acquired by Microsoft in 2016 for $26 billion, LinkedIn has pushed for more engaging content for years, luring influencer-types while encouraging people to post more often
MARKETS
China's central bank starts share buyback, equity swap tools to aid markets
The previously announced program offers 300 billion yuan ($42.1 billion) in low-cost loans to 21 eligible commercial banks that lend to qualified companies and shareholders
BUSINESS
Supercharging credit market is key to India’s $5 trillion goals
Spending on roads, ports and bridges, as well as on all kinds of capital expenditure, is set to reach about Rs 110 trillion ($1.3 trillion) between 2023-27, an increase of 70% from the previous five years, according to NSE.
BUSINESS
Barrage of stock supply is latest test for Indian share market
This supply overhang coincides with slowing earnings and withdrawals of over $7 billion this month by global funds.
CRYPTOCURRENCY
Retail FOMO goes missing as bitcoin pushes closer to its record
This may indicate that the market force known as fear of missing out, or FOMO, has yet to set in among individual investors — despite the fact that Bitcoin is only about 9% below the all-time peak of $73,798
WORLD
Hong Kong regains title as world’s freest economy from Singapore: Report
Hong Kong’s score of 8.58 edged out Singapore’s 8.55, according to the Fraser Institute’s latest Economic Freedom of the World report, covering 2022
MARKETS
Asian stocks rise, Chinese shares reverse gains
Shares in Hong Kong, mainland China and Australia gained, while Japanese stocks fluctuated
BUSINESS
Bitcoin approaches $70,000 with speculators eyeing record highs
Bitcoin last traded at $70,000 in July, and reached an all-time high of almost $74,000 in March.
BUSINESS
BlackRock in talks with Jio Financial for a private credit venture: Bloomberg
India has been a bright spot for private credit in Asia, with global firms like Apollo Global Management, Cerberus Capital Management LP and Varde Partners stepping up their operations, lured by the increased funding needs of local firms.
MARKETS
Adani delays dollar bond sale as investors push back on deal
The postponement comes as the media-to-mining group has been refocusing on growth opportunities
MARKETS
Hedge fund currency option bets are soaring on Trump tariff risk
Dollar calls are rising in popularity in the $300 billion-plus currency options markets
MARKETS
Chinese stocks flirt with correction as investor patience wanes
The CSI 300 Index was down 0.2% as of mid-day break after falling as much as 1.3% during morning trading
WORLD
Trump defends tariff plan while pressing for more Fed influence
The former president shrugged off the possibility that his proposed tariffs might disrupt supply chains or squeeze small businesses, saying companies would rapidly return manufacturing to the US to avoid the levies
MARKETS
Asian stocks slide as tech selloff hurts risk mood
Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong
BUSINESS
Global stocks optimism flashes Sell signal, BofA survey shows
Allocations to stocks surged, while bond exposure sank and cash levels in global portfolios fell to 3.9% in October from 4.2% last month, triggering a “sell signal” on global equities, the BofA note said.
