BUSINESS
SBI adds to record samurai loan boom with ¥30 billion debt plan
Borrowers from Asia excluding Japan have signed a record ¥1 trillion in such facilities year-to-date, according to Bloomberg-compiled data
BUSINESS
US-China economy talks resume as Yellen urges maintaining links
Yellen and her Chinese counterparts established two working groups last year after her first visit to the Asian nation since assuming her current role.
BUSINESS
Bitcoin lifted above $100,000 on firming expectations of Fed cut
The digital asset rose nearly 5% on Wednesday in the US, the most in two weeks, before paring some of the gain to change hands at $100,665 as of 8:52 a.m. on Thursday in Singapore. Smaller tokens traded in relatively tight ranges.
BUSINESS
Inflation gives Fed green light for cut in December
Policymakers will release new forecasts and rate projections at the conclusion of their Dec. 17-18 meeting in Washington.
BUSINESS
Startup Rebel Foods raises funds ahead of planned IPO
Rebel Foods was founded by McKinsey alumnus Jaydeep Barman with the goal of building a range of online-only brands. Its operations now include Oven Story, Mandarin Oak and biryani label Behrouz.
WORLD
Donald Trump scheduled to ring NYSE’s opening bell on Thursday
The stock exchange regularly invites celebrities and corporate leaders to participate in the ceremonial opening of trading, particularly to mark anniversaries and initial public offerings.
WORLD
Elon Musk’s net worth tops $400 billion, a historic first
Elon Musk is slated to occupy a key role in the new administration as co-head of the newly created Department of Government Efficiency
WORLD
Suicide blast in Kabul kills highest-profile Taliban target yet
After the withdrawal of US forces in 2021, Khalil Haqqani played a key role in forming the Taliban government and negotiating senior posts
BUSINESS
Hershey’s main owner rejects Mondelez’s offer as too low
Hershey Trust Co., which has roughly 80% of the voting power at the company, turned down the bid as too low, said the people, who declined to be identified
WORLD
US core inflation stays firm with fourth-straight 0.3% increase
Traders continued to bet on a Federal Reserve interest-rate cut next week after the figures came in largely as expected
BUSINESS
OPEC makes deepest cut yet to 2024 world oil demand forecast
OPEC+ has been withholding output since 2022 in a bid to stave off a surplus and shore up prices.
BUSINESS
HSBC’s CEO eyes $3 billion in potential savings from overhaul
HSBC is merging commercial banking into global banking and markets, while also hiving off its Hong Kong and UK businesses into standalone entities, and creating a new premier banking and wealth unit
BUSINESS
ReNew Energy to buy out US-listed shares, top shareholders launch non-binding offer
Abu Dhabi Future Energy Company PJSC-Masdar, Canada Pension Plan Investment Board, Platinum Hawk C 2019 RSC Limited, and ReNew Energy CEO Sumant Sinha are offering $7.07 a share
COMPANIES
Adani ends US tie-up on Colombo port meant to counter China
After the bribery allegations came to light last month, the US agency said it was still conducting due diligence and hadn’t reached a final agreement on the loan.
WORLD
Asian stocks rise, dollar weakens ahead of US CPI
Stocks in Hong Kong and mainland China advanced as an annual economic meeting begins in Beijing on Wednesday
WORLD
US mulls new Russia oil sanctions to weaken Putin; may hit Indian imports, spike global prices
One model for broader US sanctions could be to impose restrictions similar to those on Iranian oil. In that case, buyers of the oil face US punishment.
BUSINESS
Apple’s next ultra smartwatch will be able to send texts via satellite
The satellite capability is slated to come to next year’s Apple Watch Ultra, the company’s top-of-the-line model, according to people familiar with the matter.
BUSINESS
SpaceX valuation jumps to about $350 billion in insider sale
The per-share price of $185 is up substantially from the $112 set in a prior valuation less than three months ago, said the memo, which was separately confirmed by people familiar with the matter.
BUSINESS
Trump vows fast permits for those investing $1 billion in US
Trump did not immediately detail what steps his administration would take to help investors secure permits to fast-track projects and any such effort is likely to face hurdles at the state and local levels.
BUSINESS
IATA expects record traffic in 2025, airline industry's revenue set to exceed $1 trillion
Profit margins for airlines will be 3.6%, higher than those in 2024, IATA said. Lower oil and higher demand will drive profitability, while potential tariffs and trade wars under Trump 2.0 could hurt the industry’s prospects, it added.
BUSINESS
Prudential said to consider selling stake in Eastspring Investments
The insurer is working with a financial adviser on a review of Eastspring, the people said, asking not to be identified. A potential stake sale could value Singapore-based Eastspring at about $3 billion.
COMPANIES
Adani seeks fresh lifeline for troubled East India power plant
The Adani plant, which accounts for about a 10th of Bangladesh’s power consumption, has already racked up as much as $790 million of dues as of the end of September
AUTOMOBILE
Xiaomi teases Tesla-like SUV for summer in big EV expansion
Billionaire founder Lei Jun unveiled the YU7, a sport utility vehicle similar to Tesla’s Model Y, in a Weibo post
WORLD
With Assad’s fall, Erdogan oversees Turkey’s growing regional clout
Erdogan’s clout over his southern neighbor has increased dramatically with the fall of his onetime friend Bashar al-Assad
