BUSINESS
Gold holds drop as traders focus on US-China trade, credit woes
Precious metals have been on a tear this year, with gold registering a ninth straight week of gains last week.
BUSINESS
Asian shares rise as US-China trade tensions cool
Shares in Japan and South Korea rose, while Australia dipped, after the region’s equities fell on Friday amid concerns on US regional banks.
WORLD
Zelenskiy wants Ukraine war to be frozen before peace talks
Ukraine President Zelenskyy urges freezing the conflict along existing frontlines before engaging in peace negotiations, amid Putin’s demand for full control of Donetsk.
BUSINESS
Gold’s historic rally comes with a bonus for emerging markets
For money managers in emerging markets, gold’s surge is giving them another reason to stay bullish.
WORLD
China says it found evidence of US cyber attack on state agency
The accusations follow repeated allegations made by Western governments and companies in recent years blaming Chinese hackers for cyberattacks on their computer systems.
CRYPTOCURRENCY
Crypto miners riding the AI wave are leaving bitcoin behind
Two years ago, the sector benefitted at the initial start of the AI boom, only to see their share prices tumble the following year as mining profitability declined and competition increased.
BUSINESS
Sold out in India, panic in London: How the silver market broke
Demand for silver ETFs has soared in recent months, amid concerns about the stability of the US dollar, a wave of investment that’s become known as the “debasement trade.”
WORLD
US warns of ‘imminent’ attack by Hamas against Palestinians
Earlier this week, Hamas executed Palestinians accused of collaborating with Israel
BUSINESS
US-China trade talks seen next week as Trump plays down tariffs
The upcoming talks represent the latest efforts to reach an understanding trade after what’s already been four rounds of bilateral trade talks.
BUSINESS
Silver falls more than 6% as precious metals retreat after rally
The pullback came as concerns eased over credit quality in the US and trade frictions between China and the US, which is denting haven demand for gold and silver.
BUSINESS
Trump extends auto tariff relief, imposes truck and bus duties
President Donald Trump signed a proclamation Friday hitting trucks and buses with tariffs beginning November 1, according to senior administration officials.
IPO
Coca-Cola said to mull $1 bn IPO of bottling unit Hindustan Coca-Cola Beverages
The company has met with bankers in recent weeks to discuss the possible IPO of Hindustan Coca-Cola Beverages Pvt., which would value the unit at about $10 billion
AUTOMOBILE
US nears tariff relief for auto industry after lobbying push
The Commerce Department is slated to announce a five-year extension for an arrangement that allows automakers to reduce what they pay in tariffs on imported car parts
BUSINESS
Shark Tank judge Peyush Bansal nears billionaire status with Lenskart IPO
Lenskart is planning to list as early as next month in Mumbai, targeting a stock debut that would value the company at $9 billion, based on the IPO size
BUSINESS
US Chamber of Commerce sues over Trump’s $100,000 H-1B visa fee
The Trump administration’s steep new fees for H-1B work visas have rattled US business, but most remained silent after the policy was announced
MARKETS
Asian shares dip after credit woes hit Wall Street
Shares in Japan, Australia and South Korea all retreated at the open, echoing a lackluster mood in New York trading
WORLD
Philippines’ richest man faces scrutiny over empty land’s 25,000% value gain
The company has said the audit is underway and that it didn’t break any rules, but it has left investors guessing about the math
MARKETS
I-T dept raids proprietary trading firm Graviton as govt steps up scrutiny
The raid at Graviton’s offices near New Delhi began at the start of this week and is set to conclude Thursday
BUSINESS
LG India’s bankers hauled in higher fees than Tata’s bigger IPO
LG’s IPO was so popular it ended up being the country’s most oversubscribed billion-dollar offering in 17 years
COMPANIES
Nestle to slash 16,000 jobs as new CEO speeds up turnaround
The reductions, amounting to about 6% of the workforce, will occur over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said
BUSINESS
Banks and private credit clash after Jamie Dimon’s cockroach barb
JPMorgan Chase & Co. CEO used his bank’s losses from auto lender Tricolor Holdings to say there’s never just one cockroach — a quip some of his nonbank rivals have taken as a shot at them
COMPANIES
SEC suit against Gautam Adani paused due to US govt shutdown
US prosecutors in Brooklyn, New York, indicted Adani in November, accusing India’s second-richest person of fraud and with helping drive a $250 million bribery scheme
WORLD
Bessent calls China trade negotiator an ‘unhinged’ wolf warrior
Bessent claimed Li Chenggang’s August visit to the US capital was not at the request of the Trump administration
WORLD
Ashley Tellis, ex-White House India adviser, charged under Espionage Act
Ashley Tellis was taken into custody after making an initial court appearance on Tuesday in Alexandria, Virginia
