BUSINESS
Donald Trump says Nvidia chip talks with Xi Jinping didn’t cover Blackwell
Trump’s comments came just a day after he said he would discuss the Blackwell lineup with Xi, triggering speculation the US would approve the shipment of more powerful AI chips to a geopolitical rival
BUSINESS
AirAsia plans up to $600 million bond to replace private credit
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note
BUSINESS
A $40 billion fund sees end to yearlong earnings cuts in India
Analysts in India have been slashing their earnings forecast over the last four quarters as economic growth slowed, and the ongoing results season has been mixed at best
BUSINESS
Toyota CEO rules out higher Toyota Industries buyout offer
The holding company for the buyout will be mostly owned by Toyota Fudosan Co., an unlisted real estate firm that counts Toyoda as chairman
BUSINESS
Copper slides from record as traders eye Trump-Xi trade talks
Futures on the London Metal Exchange fell as much as 1.4% on Thursday, pulling back from a surge to an all-time high in the previous session that capped a 28% year-to-date advance
BUSINESS
Meta’s higher spending in pursuit of AI payoff shakes investors
Mark Zuckerberg on Wednesday signaled an unsatiated appetite for more computing resources as Meta seeks to ensure it’s an industry leader in a fast-moving AI race
BUSINESS
Samsung’s chip profit soars after AI fuels demand for memory
South Korea’s largest company, which reported upbeat preliminary operating profit and revenue earlier this month, said on Thursday net income totaled 12.01 trillion won, beating analysts’ estimate of 9.29 trillion won.
BUSINESS
Gold slump holds as Fed Chair douses hopes for December rate cut
The precious metal has retreated sharply in recent days following a scorching rally that drove prices to a record above $4,380 an ounce last week.
WORLD
Hurricane Melissa wreaks $8 billion in damages and kills dozens
At least 23 people have died across Haiti and 13 are missing, Haiti’s Civil Protection Agency said in a statement, revising the death toll downward on Wednesday.
BUSINESS
Dollar gains as Powell avoids committing to a December rate cut
Policymakers on Wednesday made a quarter-point cut to their benchmark rate to a range of 3.75%-4%, as widely expected.
BUSINESS
Fed to end balance sheet runoff December 1 amid rising funding costs
The move came as funding costs have been rising while liquidity is drying up, leading a number of Wall Street banks to warn that the Fed should abandon the process
WORLD
Wall Street climbs on US Fed day as Nvidia hits $5 trillion market valuation
A renewed tech rally sent the S&P 500 up for a fifth straight day, putting the gauge on track for its longest streak of monthly gains since 2021
WORLD
China unleashes media blitz on Taiwan before Xi-Trump meet
Beijing ramps up state media campaign asserting its Taiwan claims ahead of Xi-Trump meeting, signaling no tolerance for independence.
BUSINESS
Etsy taps Chief Growth Officer as CEO to navigate the AI era
Kruti Patel Goyal, 49, is taking over an e-commerce business that has suffered slowing growth in recent years.
BUSINESS
US, South Korea finalize trade deal after months of talks
Both South Korea and the US had played down the notion that the two sides could finalize the agreement, which will see the US cap tariffs on South Korean goods at 15%, during Trump’s visit.
ECONOMY
Reserve Bank of India hastens repatriation of gold held abroad
The Reserve Bank of India brought back nearly 64 tons of gold in the first six months of the financial year that began in April
COMPANIES
Indian Oil and Vitol to launch trading joint venture in 2026
The agreement will include a clause requiring Vitol’s exit after five to seven years
WORLD
China vows significant boost to consumption share of economy
The Communist Party made the pledge Tuesday in a detailed document that was discussed at its fourth plenum held last week in Beijing. China will “form an economic development model driven more by domestic demand and powered by consumption,” it said.
BUSINESS
India’s $200 million-an-hour IPO boom shows rise of local investors
The power shift taking hold in India’s IPO space is similar to the one its $5.3 trillion stock market has experienced in recent years, thanks to an unprecedented retail investing boom brought about by the pandemic.
BUSINESS
Gold steady after three-day drop as trade hopes sap haven demand
Gold has retreated sharply from a torrid rally that drove prices to a record above $4,380 an ounce last week, an ascent that some traders saw as overheated.
BUSINESS
Asian stocks open higher as AI, Fed lift sentiment
Shares in Japan and South Korea rose, while Hong Kong is closed for a public holiday on Wednesday.
BUSINESS
KFC’s plan to catch up in the fried chicken wars: Ditch the bones
The 73-year-old brand’s focus on bone-in chicken — like its iconic red-and-white-striped bucket of fried drumsticks — has left it flailing among younger customers, who are obsessed with boneless white meat
WORLD
Russian crude flow edges lower, but don’t blame sanctions yet
Strong winds in the vicinity of the key Baltic port of Primorsk, gusting in excess of 50 miles an hour on Sunday according to figures from VisualCrossing.com, may have hampered loading operations at the end of the week
BUSINESS
Nvidia to invest $1 billion in Nokia in AI networking push
Nokia will issue about 166 million shares to Nvidia at $6.01 apiece, giving Nvidia a 2.9% stake in the Finnish company, the companies said
