INDIA
Vladimir Putin to visit India on December 5, says report
The Kremlin earlier said the Russian leader would make the trip in December
MARKETS
NCDEX gets nod for new mutual fund platform
The service will aim to expand mutual fund access to investors, particularly in India’s tier-2 and tier-3 cities where NCDEX has a broader reach
WORLD
US stock rally falters as Nvidia sinks on stake sale
Following its best session since May, the cohort of big tech weighed on equities
BUSINESS
Warren Buffett says he's 'going quiet', picking up donation pace
“Though I move slowly and read with increasing difficulty, I am at the office five days a week where I work with wonderful people,” Buffett said in a letter.
BUSINESS
SoftBank sells Nvidia stake for $5.8 billion in surprise move
SoftBank also announced a 4-for-1 stock split that will take place January 1.
BUSINESS
Asian investors buoyed by plans to end US shutdown
Equity futures contracts for Japan and Australia pointed to gains in early Asian trading, though Hong Kong looked little changed.
WORLD
Visa, Mastercard offer $200 billion reprieve to retailers
As part of the agreement, the networks will reduce the average effective interchange rate
WORLD
Warren Buffett gives $1.3 billion to four charities in latest letter
The 95-year-old investor will convert 1,800 of Berkshire’s Class A shares into 2.7 million Class B shares, the firm said in a statement Monday
MARKETS
US stocks gain as hopes for end to record-breaking shutdown grow
The S&P 500 Index gained 1.1% at 12:40 p.m. in New York, paring an initial advance of as much as 1.3% earlier in the session
BUSINESS
India curtails more solar power as grid grapples with oversupply
The data points to a deepening mismatch between supply and demand when solar generation floods the grid during the day time.
BUSINESS
Gold edges higher with weakening US economy aiding haven demand
The precious metal advanced on Friday as a measure of US consumer sentiment fell to near the lowest on record, with the shutdown and rising prices souring the outlook.
WORLD
BBC leaders announce exit in spat with Trump over edited speech
In a post on his Truth Social platform, Trump called the individuals resigning from BBC “dishonest people” and accused of them of trying to influence a US presidential election.
WORLD
Bessent says Trump’s $2,000 ‘dividend’ may come via tax cuts
Trump has been stepping up his defense of his tariffs regime since the Supreme Court on November, 5 heard arguments for a suit to get them thrown out
WORLD
Hunger, flight chaos, health-care woes fail to end US shutdown
Republicans say they will only negotiate over an extension to the Affordable Care Act subsidies once Democrats vote to re-open the government
WORLD
Flip from AI rally chase to bubble fear spurs options demand in Wall Street
The benchmark snapped a three-week run of gains, pushing for a time on Friday the Cboe Volatility Index well above 20, a sign of growing market stress
MARKETS
Rare inflation flip gives emerging markets edge on rich nations
What’s exciting investors is a sharp slowdown in inflation
WORLD
Holed-up Hamas fighters test future of Trump’s Gaza peace plan
The almost month-old ceasefire has twice been shaken by airstrikes launched by Israel in retaliation for ambushes against its troops around the southern Gaza town of Rafah, which it blamed on Hamas
BUSINESS
China consumer prices unexpectedly rose on Holiday demand
The consumer price index rose 0.2% from a year earlier, after a 0.3% decline in September, according to data released by the National Bureau of Statistics on Sunday.
WORLD
Hundreds more flights canceled as shutdown deepens travel chaos
Out of 21,748 flights scheduled on Saturday, about 3.7% had been canceled as of 8:45 a.m. New York time, according to data compiled by aviation analytics company Cirium.
BUSINESS
Plunge in Asia’s AI shares sows doubts over world-beating rally
The region’s sharpest decline since April, triggered by a tech-led selloff on Wall Street, has refocused attention on cracks beneath the surface: the rally’s narrow breadth, heavy reliance on retail traders, and growing uncertainty around the timing of Fed rate cuts.
BUSINESS
Trump Media stock slump deepens as election bump erased, losses mount
Trump Media & Technology Group Corp. reported a quarterly loss of roughly $55 million in the three months ending Sept. 30, according to a statement. That’s more than double a $19 million loss reported in the year prior.
BUSINESS
Nvidia CEO says no plans to ship Blackwell AI chips to China
Jensen Huang, who arrived in Taiwan Friday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co., took the opportunity also to clarify recent comments about the US-China AI race
BUSINESS
Honda cuts outlook on global chip shortage, gloomy EV demand
The carmaker sees ¥550 billion ($3.6 billion) in operating profit for the fiscal year ending March 2026
BUSINESS
Dubai tops New York as best spot for global elite, rankings show
Global wealth has been recovering from a slump in 2022, with Asia-Pacific growing the fastest of all regions, Savills said
