BUSINESS
Stocks Join Bonds Higher Amid Bets Fed Will Cut: Markets Wrap
The modest fall in the ADP payrolls measure in November, coming on the back of a similar message from the Fed’s Beige Book, should be enough to persuade officials to vote for another cut next week, according to Stephen Brown at Capital Economics.
BUSINESS
India says IMF’s ‘C’ rating on data due to old base year
Sitharaman told lawmakers in the lower house of parliament that the rank was because of data collection methodologies and an outdated base of 2011-12. The government is in the process of changing that to 2022-23 from Feb. 27 next year, she said.
BUSINESS
Airbus woes while Boeing rebounds show how quickly the script can flip
Boeing has managed to extract itself from a yearslong crisis that began in late 2018 with the first of two aircraft crashes in rapid succession, was compounded by the Covid-19 crisis and then grew more acute still in early 2024, when sloppy workmanship led to another near-catastrophe on an airborne plane.
WORLD
The world’s plastic glut is set to get much worse by 2040: Study
Global plastic pollution will hit 280 million metric tons per year by 2040, or a dump truck’s worth every second.
BUSINESS
Indonesia caps IPO order sizes to curb share price volatility
The policy took effect on Nov. 17, which is the circular’s issue date. Previously, no limits were set for IPO orders.
WORLD
China boosts intelligence reach in South China Sea, report says
Satellite images reviewed by the Washington-based Asia Maritime Transparency Initiative reveal new radar sites, antenna fields and other hardened structures on outposts in the Spratly Islands
BUSINESS
OpenAI CEO Sam Altman urges ‘code red’ ChatGPT push as rivals move in
The Information also said on Tuesday that OpenAI has been working on a new AI model code-named ‘Garlic’ that was performing well on tasks involving coding and reason
BUSINESS
Meesho kicks off investor orders for $603 million India IPO
The Bengaluru-based marketplace has set a price band for the offering of Rs 105 to Rs 111 a share
BUSINESS
China services grow more slowly in sign of faltering economy
The official PMI survey showed services activity contracted last month for the first time since Covid lockdowns in 2022
CRYPTOCURRENCY
The 26-minute, 51% wipeout that deepened the Trumps’ crypto woes
It was all so spectacular that American Bitcoin quickly became the symbol of not just the crypto market wipeout of late 2025 but also the collapse of the myriad ventures that the Trump family has been promoting in the digital-currency world over the past year
INDIA
Putin’s India visit tests New Delhi’s US–Russia balancing act
The Russian leader is eager to show that Moscow still has strong relationships that matter beyond the West – and large markets it can trade with
COMPANIES
Adani Group plans $15 billion India airports expansion by 2030
The plan involves adding terminals, taxiways, and a new runway at the Navi Mumbai airport, which is set to open Dec. 25
WORLD
YouTube finally set to comply with Australia’s under-16s ban
Anyone under the age of 16 in Australia will be automatically signed out of their YouTube accounts on Dec. 10 when the law takes effect, Rachel Lord, public policy senior manager for Google and YouTube Australia, said in a blog post.
BUSINESS
Silver steady near record high on rate-cut bets and tight supply
The recent gains in precious metals reflect the potential for cuts to gather pace after Jerome Powell’s term ends in May.
BUSINESS
Bitcoin jumps back above $90,000 after bruising selloff
The original cryptocurrency rallied as much as 6.8% to $92,323, while its next biggest rival - Ether - rebounded by more than 8% to briefly push its price back above $3,000.
BUSINESS
Asian stocks steady at open, Bitcoin dips again
MSCI Inc.’s gauge of regional shares was little changed as benchmarks in South Korea and Australia swung between gains and losses. Japanese indexes were mixed.
BUSINESS
S&P 500 Ekes out gain as Bitcoin surges after rout: Markets Wrap
After cutting interest rates by more than a percentage point, Fed officials are now wondering where to stop – and finding there’s more disagreement than ever.
BUSINESS
Big tech’s ‘spend little, earn lots’ formula is threatened by AI
Despite the uncertainty of future payoffs, investors are giving the tech giants the benefit of the doubt on their AI plans, at least so far.
BUSINESS
Europe is nearing deal to end Russian fossil fuels imports
Despite recent attempts by the US to broker a peace deal in Ukraine, the EU has no plans to give up on the shift away from Russian gas.
BUSINESS
Michael Dell gives $6.25 billion to launch ‘Trump Accounts’ for 25 million kids
Dell, who’s the 11th-richest person in the world with a $148 billion fortune has been a public champion of the Trump accounts.
BUSINESS
World economy surprisingly resilient to tariffs, OECD says
OECD continues to predict global growth will slow to 2.9% in 2026 from 3.2% in 2025 as the full effects of levies on trade have yet to be felt.
BUSINESS
Former RBI Governor Rajan warns of rising private credit risks
Private sector profitability and a wave of AI success stories have created a sense in the market that the lending boom will continue for a long time, said Rajan, a finance professor at the University of Chicago.
BUSINESS
Meesho faces investor protest over anchor allotment to SBI Funds
That decision triggered a pushback from other large funds, the people said, asking not to be identified as the information is private. Meesho is set to open its anchor book — a portion of shares reserved for institutional investors — on Tuesday ahead of its initial public offering that launches on Wednesday
IPO
Torrent Gas hires Axis Bank, Kotak Mahindra Capital, Citigroup for $450 million IPO
The planned offering comes as near-record fundraising makes India one of the busiest IPO venues globally this year, with energy and infrastructure issuers driving supply
