BUSINESS
Asian shares rise as Japan rallies, dollar gains
The Nikkei-225 Index jumped 1.3% as trading kicked off in a new week, bouncing back after the Bank of Japan’s comments on ETF sales spooked the markets Friday
WORLD
Arab-Israel normalization faces major test after Qatar attack
Trump, who toured the Abrahamic Family House earlier this year, has been determined to expand the Accords, but that seems all but impossible at the present time
WORLD
Trump shapes immigration gilded age with $100,000 H-1B fee
Trump on Friday slapped a $100,000 application fee on the widely used H-1B visa program, a move that would drastically increase the cost of visas heavily coveted by some of America’s largest companies
WORLD
Trump renews pressure on Europe to end Russian oil purchases: 'They have to stop buying'
Trump has been chiding European countries for their Russian energy purchases
WORLD
Chinese savers have $23 trillion and few options beyond stocks
The CSI 300 Index has surged more than 25% since its April lows, fueled by enthusiasm over artificial intelligence and Donald Trump’s softer rhetoric on China
WORLD
Pentagon limits journalists’ access to military information
The new rule — part of an updated press credentialing process presented to news organizations this week — came in a memo by Pentagon spokesman Sean Parnell
WORLD
Billionaire Bernard Arnault says wealth tax advocate seeks to destroy economy
His comments come as France struggles to pass a budget and rein in its deficit amid a divided Parliament, which lacks a party with an absolute majority
BUSINESS
TikTok deal gives Americans 6 of 7 board seats, Leavitt says
The American board members would have national security and cybersecurity credentials and the remaining board member, chosen by current owner ByteDance Ltd., will be excluded from the security committee, according to a senior White House official.
WORLD
Zelenskiy will meet Trump at UNGA to push on security guarantees
Ukraine’s potential post-war security issues have been widely discussed in recent weeks both in Washington and across European capitals, with the potential for a ceasefire seemingly at an impasse amid continued Russian bombardment of civilian targets across Ukraine.
INDIA
India mulls strategic rare earth reserve, defense official says
While China has recently eased its rare-earths controls, Beijing’s earlier weaponization of its market dominance has spurred Western companies to look for alternative suppliers.
WORLD
Ukraine claims overnight drone strikes on two Russian refineries
Russia hasn’t confirmed the latest incidents. Rosneft’s press service didn’t immediately respond to an emailed request for comment outside of regular business hours.
BUSINESS
Trump shapes gilded age of US immigration with $100,000 H-1B fee
The president also unveiled a “Trump Gold Card” visa program — where for the price of $1 million, individuals could get US residency.
BANKING
Yes Bank eyes wealth foray after deal with Japan’s SMBC
The push into wealth management comes as the Indian lender deepens its ties with SMBC, Japan’s second-largest lender by assets, which completed its acquisition of a 20% stake in Yes Bank this week
BUSINESS
Fed’s Kashkari sees two more 2025 cuts given hiring slowdown
Fed officials lowered interest rates by a quarter percentage point — the first cut since December — at their policy meeting Wednesday, citing the need to support a more fragile job market.
BUSINESS
Chinese iPhone buyers complain of scratches on new pro models
The deep blue variants of the iPhone 17 Pro and Pro Max exhibited scuffs and scratches after just a few hours of being on display.
BUSINESS
Reserve Bank of India said to urge lenders to cut retail service charges
There are no mandated thresholds on bank surcharges. Processing fees for retail and small business loans typically range from 0.5% to 2.5%, with some banks capping home loan charges at Rs 25,000, according to data compiled by BankBazaar, an online financial marketplace.
BUSINESS
RBI urges banks to slash fees on debit cards, minimum balance breaches and late payments
The move follows a renewed drive among India’s banks in recent years into retail lending, part of a way to diversify after many were burnt during a cycle of souring corporate loans
BUSINESS
Europe’s EV makers line up at Estonia rare earth magnet site
In Narva, an Estonian industrial town that sits across the river from Russia, Canadian company Neo Performance Materials has built a $75 million magnets plant that’s opening on Friday
BUSINESS
Coca-Cola Beverages South Africa plans to cut 600 jobs, BD says
Coca-Cola Beverages South Africa has sent workers a notice of possible retrenchment and started a consultation process, the newspaper reported
BUSINESS
Zijin Gold seeks $3.2 billion in world’s biggest IPO since May
The unit of China’s top miner is offering about 349 million shares at HK$71.59 each, with trading set to begin Sept. 29, according to a listing document
BUSINESS
Japanese stocks decline on BOJ’s ETF sale plan; Yen, yields rise
This is the first time the BOJ has mentioned a plan for offloading its ETF holdings
BUSINESS
EU firms face new production halts on China rare earth delays
Rare earth flows from China collapsed from early April this year after Beijing put export controls on some of them
BUSINESS
Interns being offered Rs 12.5 lakh a month by high-speed trading firms
The hiring push and lavish pay packages continue even as increased regulation to protect the interests of loss-making retail investors has helped curb derivatives trading by more than 40% from a peak last year.
BUSINESS
Trump, Xi to hold call as TikTok, tariffs and Nvidia loom large
Trump and Xi are due to speak at 9 a.m. Washington time, or 9 p.m. in Beijing about a framework agreement unveiled this week to shift control of TikTok’s US operations from its Chinese parent ByteDance Ltd. to a consortium of American investors.
