BUSINESS
AMD inks chip deal with OpenAI that triggers explosive rally
AMD shares soared 24% to $203.71 after the agreement was announced Monday, adding $63.4 billion to the company’s market valuation. It’s now worth $330.6 billion, more than Coca-Cola Co., General Electric Co. or Chevron Corp.
ECONOMY
PM Starmer leads business delegation to India to tout UK trade pact
Starmer finalized the deal with his PM Narendra Modi, in July, following three years of intense negotiations
BUSINESS
Gold moves closer to $4,000 on US shutdown and French crisis
Bullion rose to $3,977.44 an ounce after surging 1.9% on Monday
MARKETS
Japanese shares rise at open, gold nears $4,000
The Nikkei index gained 0.6% to a new peak, following a 4.8% jump on Monday
BUSINESS
LG Electronics India IPO said to attract Abu Dhabi, Norway, Singapore Wealth Funds as anchor investors: Report
LG Electronics India IPO: Abu Dhabi Investment Authority, Norges Bank Investment Management and GIC Pte. are in talks to buy shares in the $1.3 billion IPO as anchor investors, sources told Bloomberg.
BUSINESS
Sunil Mittal’s Bharti Telecom mulls record $1.7 billion bond deal
If completed, the deal would mark Bharti Telecom’s largest-ever rupee bond sale, according to data compiled by Bloomberg. The company last tapped the local debt market in November 2024, raising Rs 11,150 crore through a six-part issuance.
BUSINESS
Bitcoin’s weekend rally fueled by record bets in Options markets
Bitcoin’s advance coincided with a US government shutdown that began on Oct. 1 and has helped fuel demand for perceived safe-haven assets.
INDIA
Air India inspected emergency power use on UK-bound flight
The operating crew of flight AI117 detected RAT deployment in the aircraft during its final approach, Air India said in a statement Sunday, adding that it had inspected the jet.
BUSINESS
India weighs resolution of Vodafone Idea dues row to bolster UK ties
Resolution in the nearly Rs 2 trillion financial dispute may come through a waiver of interest and penalties, followed by a concession on the principal
BUSINESS
Japan’s defense, tech stocks climb as ‘Takaichi trade’ reignites
Chip-related shares, including Tokyo Electron Ltd. and Advantest Corp. also surged, outperforming the benchmark Topix.
BUSINESS
Bitcoin hovers near record after topping $125,000 on Sunday
The largest digital-asset climbed to $125,689 over the weekend and remained in touching distance of its all-time high on Monday morning in Singapore at about $123,700, according to data compiled by Bloomberg.
BUSINESS
Gold powers toward $4,000 as US government shutdown drags on
Gold has surged almost 50% this year, spurred by the massive jolt of economic and geopolitical uncertainty that President Donald Trump has brought to the market.
BUSINESS
Asian shares jump to record on Japan, gold rallies
The Nikkei 225 index jumped more than 4%, heading for the biggest one-day gain since April, after pro-stimulus lawmaker Sanae Takaichi was positioned to become the country’s next prime minister.
WORLD
Israel, Hamas set for talks over Trump’s Gaza peace plan in Egypt on Monday
Egypt, a key intermediary in truce talks, said it would host delegations from both sides to discuss a possible exchange of Israeli hostages for Palestinian prisoners
MARKETS
Wall Street traders brace for extended shutdown amid lofty valuations
Corporate America is set to start disclosing results next week and expectations are sky-high
BUSINESS
OPEC+ nears agreement for modest November production hike
Key members of the alliance expect to ratify a decision to restart 137,000 barrels a day, the same volume scheduled for this month
WORLD
Japan braces for shift to right under ‘Iron Lady’ fan Takaichi
Provided she becomes prime minister as expected, one of her first tasks will be to build ties with Donald Trump amid reports that the US president will make a stop in Japan in late October during a trip to Asia.
BUSINESS
Indian IPO market set for record month with $5 billion in deals
Two billion-dollar-plus IPOs, including the year’s biggest, will start taking orders from the public in the coming week.
WORLD
Trump’s $100,000 H-1B fee draws rare rebuke from US businesses
In a letter sent Friday to Trump, roughly a dozen industry organizations representing chipmakers, software companies and retailers said the new fee threatens to crimp a crucial talent pipeline of foreign skilled workers and leave critical jobs unfilled.
ENTERTAINMENT
Taylor Swift’s new ‘Showgirl’ album hits streaming charts
Swift’s new material accounts for nine of the top 10 most-listened-to tracks on Apple Music
WORLD
Trump sets Sunday night deadline for Hamas to back Gaza plan
Trump earlier this week announced a 20-point plan alongside Israeli Prime Minister Benjamin Netanyahu to end the two-year conflict
BUSINESS
US services gauge falls on weakest business activity since 2020
The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said Friday
WORLD
US stock euphoria on AI deal spree dented by ISM data
The Nasdaq 100 struggled to hold onto an early climb to an all-time high after a readout from the Institute for Supply Management weighed on the rally
BUSINESS
BYD extends Tesla-beating sales streak to four straight quarters
BYD managed to outsell Tesla on a quarterly basis even despite registering its first total sales decline in 18 months in September
