BUSINESS
Small-caps run the risk of extended selloff as earnings slow
Key gauges of small- and mid-sized companies have tumbled since hitting September highs, putting them close to a so-called technical correction of a 10% peak-to-trough decline.
US-PRESIDENTIAL-ELECTIONS
Asian shares fluctuate with focus on US election
Shares edged higher in Tokyo and Sydney while futures pointed to gains in Hong Kong
BUSINESS
Crisis-hit Volkswagen mulls closing at least three German plants
The plan laid out by management, which affects the namesake VW brand, also includes a 10-percent pay cut for all staff, the company's powerful works council said in an update to staff.
BUSINESS
Top Gulf grocer Lulu seeks up to $1.43 billion in Abu Dhabi IPO
The hypermarket chain operator has set a price range of 1.94 dirhams to 2.04 dirhams per share, according to a statement on Monday. The top end of the price range implies a market capitalization of 21.1 billion dirhams.
BUSINESS
Arohan Financial Services to delay $200 million IPO amid RBI lending crackdown
Arohan’s investors include Teachers Insurance and Annuity Association of America and Danish asset manager Maj Invest.
MARKETS
European banks to extend dealing with Indian clearing firms
Indian and European regulators have been locked in a tussle after the RBI denied the European Securities and Markets Authority’s request to co-supervise some transactions
MARKETS
Bain Capital-backed 360 One WAM plans fifth private credit fund
The fund — the firm’s fifth — will invest in the performing credit of large- and mid-sized companies that are seeking to expand
BUSINESS
Global funds look to India as financial market jitters rise
A steady influx of foreign capital has positioned the nation’s bonds among top performers in developing markets this year, while the country’s stock market hit a record high last month, buoyed by robust domestic liquidity.
ECONOMY
Reserve Bank's rosy India growth forecast baffles economists
The central bank has stuck to its forecast that India’s economy will expand 7.2% in the year ending March 2025
WORLD
Boeing plans over $15 billion capital hike as soon as today
Boeing’s advisers have been lining up potential investors for the offering
BUSINESS
Global funds look to India as financial market jitters pick up
While domestic investors’ purchases have evened out foreign outflows, the stock market is still on track for its worst month since March 2020
WORLD
Israel’s limited attack on Iran may help spur regional deal
Israel held off until US Secretary of State Antony Blinken returned to Washington from four days of consultations with Israeli and Arab allies.
WORLD
Boeing raises doubts about its future in the space business
Boeing’s new Chief Executive Officer Kelly Ortberg is assessing the company’s portfolio to raise cash, weed out under-performing units and rescue a company in crisis
WORLD
From replacing income taxes with tariffs to Xi and aliens, Trump opens up in a freewheeling podcast
Trump opined on a number of topics, defending his populist economic agenda while offering strong praise for billionaire Elon Musk - who he labeled “out of this world” - as well as Chinese President Xi Jinping.
WORLD
Stimulus matters more than US election for Chinese stocks
An analysis by Bloomberg Economics shows compared to 2018-2019, when Trump’s tweets on trade and tariffs sent shock waves through global financial markets, there’s less such correlation now.
WORLD
China plays nice with US partners ahead of possible Trump return
Nevertheless, improved ties with its neighbors will give China more freedom of action and options,
BUSINESS
Midcap stocks near correction as growth outlook sours
The Nifty Midcap 100 tumbled 1.9%, extending losses to more than 9%. That brings it closer to a correction zone, which is defined as a 10% fall from a recent high.
BUSINESS
NSE IPO hinges on approval from Sebi, says CEO Ashish Kumar Chauhan
The National Stock Exchange, whose IPO has faced delays since it initial filing in 2016, needs approval from the capital market regulator to reapply, CEO Chauhan told Bloomberg.
BUSINESS
India's bond outflows highlight impact of swap trade unwinding
Global funds have been net sellers of emerging market debt, driven in part by the rising US Treasury yields.
BUSINESS
Xi’s stimulus package met with wall of skepticism in Washington
Central bank governors and finance ministers threw cold water on China’s recent roll-out of rate cuts, more cash for banks and housing sector support on the sidelines of the annual meeting of the International Monetary Fund and World Bank.
MARKETS
Bond yields decline as Asian stocks fluctuate
Indexes in Australia and South Korea advanced, offsetting Japan’s slide to keep MSCI’s Asian index flat
COMPANIES
Japan’s Nippon Express is looking to make acquisitions in India
Nippon Express is seeking faster growth outside its home market, with the goal of reaching 40% of revenue from abroad by 2028
MARKETS
India bond ETFs to draw billions as Amundi to BlackRock join race
BlackRock Inc., Amundi SA and Janus Henderson’s Tabula Investment Management unit are among those that have launched new ETFs
MARKETS
A $50 billion money pool helps India stocks brave foreign exodus
Equities in one of the most-preferred emerging markets have come under pressure in October after a record 11-month rally
