BUSINESS
Ex-Nvidia manager is billionaire after blockbuster China IPO
Moore Threads shares closed about 1% lower in Shanghai on Monday.
BUSINESS
Unilever’s ice cream spinoff Magnum opens below reference price
Magnum shares opened at €12.20 in Amsterdam on Monday, below the technical reference price of €12.80 announced on Friday. Shares are also set to start trading in London and New York as part of its triple listing.
BUSINESS
IPO fundraising hits record as investor demand swells
The proceeds surpassed last year’s high of Rs 1.73 lakh crore, according to data compiled by Bloomberg
BUSINESS
Copper climbs to record as China policy, US imports spur rally
The industrial metal climbed as much as 1.3% to $11,771 a ton, blazing past a record set in the previous session
WORLD
China’s trade surplus tops $1 trillion after exports rebound
Exports rose 5.9% from a year earlier, higher than the median forecast in a Bloomberg survey of economists for 4%.
BUSINESS
Sell $100 million every minute: Inside India’s rupee defence
The rupee has tumbled 4.9% against the dollar in 2025, ranking behind only the Turkish lira and Argentina’s peso among 31 major currencies in terms of declines. And this is in a year when a gauge of the dollar’s strength has fallen more than 7%.
WORLD
Trump set to unveil $12 billion aid for farmers hit by trade war
The Trump administration plans a $12 billion farm aid package, including $11 billion in direct payments, to offset tariff-driven losses as crop prices slump and political pressure mounts from farmers.
BUSINESS
How India’s top airline unraveled in quest for higher profit
The resource-efficient instincts baked into IndiGo’s DNA had led to a severe under-estimation of redundancies needed to accommodate the new pilot rest rules, despite carriers having had nearly two years to prepare since the guidance was first announced in January 2024
BUSINESS
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
Netflix has “a very big market share, and when they have Warner Brothers, you know, that share goes up a lot,” the president said, adding that he will be personally involved in the decision-making process.
BUSINESS
Asian stocks inch higher at the start of Fed week
MSCI Inc.’s gauge of Asian equities fell 0.1%, in line with the decline in US stock index futures. Shares in Australia also dropped while the Nikkei 225 lost 0.4%.
BUSINESS
US state department official visits India as trade talks pick up
US Under Secretary of State for Political Affairs Allison Hooker will visit from Sunday till Thursday to advance the 'strategic partnership' between the two nations
WORLD
SpaceX to offer insider shares at record-setting $800 billion valuation
SpaceX is also exploring a possible initial public offering as soon as late next year
WORLD
Apple rocked by executive departures, with chip chief at risk of leaving next
In just the past week, Apple’s heads of artificial intelligence and interface design stepped down.
WORLD
Jerome Powell on track for Fed rate cut despite some dissent
The Fed delivered a second straight reduction in October driven by the summer’s sudden deterioration in the US labor market
BUSINESS
India, US investigators to review key data next week in Air India 787 crash case
The preliminary report showed the aircraft’s fuel-control switches were turned off immediately after the plane departed from an airport in Ahmedabad, causing the engines to lose power and dooming the flight.
BUSINESS
Netflix’s $5.8 billion breakup fee for Warner among largest ever
At 8% of the deal’s equity value, the fee is well above the average even in big-ticket dealmaking, signaling Netflix executives’ confidence they can convince global antitrust watchdogs to let the transaction go ahead.
BUSINESS
Musk's SpaceX discusses record valuation, IPO as soon as 2026
The company’s latest tender offer could value SpaceX at as much as $800 billion, said the people, who asked not to be identified as the information isn’t public.
BUSINESS
Stocks Hold Onto Gains as Fed Countdown Begins: Markets Wrap
A December rate cut is a not given for every Fed watcher. BlackRock CIO of Global Fixed Income Rick Rieder told Bloomberg Television before the data that he is expecting some dissents and disagreement at the next meeting.
BUSINESS
Warner Bros. begins exclusive deal talks with Netflix
Netflix’s interest in Warner Bros. also sent shivers through Hollywood. The company has largely refused to release films in theaters, occasionally giving its original movies limited runs in cinemas.
BUSINESS
Jane Street’s trading haul juiced by surging bet on Anthropic
Jane Street has invested in Anthropic’s series E and series F fundraising rounds.
BUSINESS
PPFAS, Bank of Baroda seek nod to manage pension funds
Bank of Baroda and another company are also talking to the Pension Fund Regulatory and Development Authority or PFRDA for asset manager licenses, people familiar with the matter said, asking not to be identified as the discussions are private.
BUSINESS
Chinese chipmaker Moore Threads shares soars 502% after $1.1 billion IPO
Moore Threads' share frenzy stands out in an otherwise sluggish market, signaling strong investor appetite in specific sectors like this year’s AI winners.
BUSINESS
India may seek bids for $7 billion IDBI Bank stake this month
India is aiming to sell 60.72% in the Mumbai-based lender, which amounts to about $7.1 billion at IDBI Bank’s current market price.
BUSINESS
Apple taps Meta lawyer as general counsel in latest shake-up
In a separate move, governmental affairs executive Lisa Jackson will retire in late January. She has overseen environment, policy and social initiatives at the company.
