BUSINESS
Bridgewater says Trump may pick more accommodating Fed chief
Should US inflation move closer to 3%, Trump may be inclined to nominate a Federal Reserve chairman who would accommodate the higher target and free him to cut rates, Bridgewater Associates Co-Chief Investment Officer said.
BUSINESS
Google’s Chrome worth up to $20 billion if judge orders sale
Antitrust enforcers want the judge to order Google to sell off Chrome because, as the most widely used browser worldwide, it represents a key access point through which many people use its search engine, the people said.
INDIA
Coal plants in India set to miss pollution goal as smog chokes Delhi
About three-quarters of the coal-fired generators near major cities are set to miss a year-end deadline to install equipment to curb sulfur-dioxide emissions, according to people familiar with the matter, who asked not to be identified as the information isn’t public.
BUSINESS
Gautam Adani offers dollar bond again after earlier deal postponed
The increase in US yields since Trump’s election victory may result in higher all-in borrowing costs for Adani than if it had proceeded with its October offering.
BUSINESS
Curb your debts to prepare for the next pandemic, Raghuram Rajan tells US
Rajan said his warning is apt for the US, whose debt trajectory will keep increasing steadily, according to IMF forecasts released last month.
WORLD
Russia’s war against Ukraine is entering dangerous new phase
As the conflict entered its 1,000th day, Ukraine took advantage of its newly granted long-range missile capabilities to strike a military base on Russian territory
BUSINESS
Rajeev Misra’s OneIM upsizes to $8 billion to boost investments
The fundraising has increased OneIM’s corpus to $8 billion, the people said, asking not to be named as the information is not public.
WORLD
Where was Biden? The G-20 photo shows him out of the picture
BUSINESS
Japan and China dump US Treasuries before Trump’s victory
Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30, data from the US Department of the Treasury showed on Monday. Funds in China offloaded $51.3 billion during the same period, the second biggest sum on record.
BUSINESS
Domestic share sales are seeing record purchases by global funds
India has become a hotspot for dealmaking, with companies raising a record $28.4 billion from IPOs and primary share offerings this year, as per Prime Database.
BUSINESS
Olav Thon, billionaire Norwegian real estate tycoon, dies at 101
Thon was the founder and chairman of the eponymous company, one of Norway’s largest closely-held real estate enterprises. It owns about 90 malls, 80 hotels and 500 commercial properties in Norway, Belgium and the Netherlands.
BUSINESS
HSBC managers are competing to keep their jobs in CEO’s revamp
The process will result in the British bank beginning to dismiss several hundred managing directors and other senior bankers in the coming weeks, the people said, asking not to be identified discussing private deliberations.
BUSINESS
Indian bonds suffer biggest outflows since index addition
Global funds net sold Rs 4,960 crore of Fully Accessible Route debt last week, which is the biggest weekly outflow since they were included in JPMorgan Chase's emerging-market bond index in June.
BUSINESS
Indian bonds see biggest outflows since index addition
Global funds sold a net 49.6 billion rupees ($588 million) of the so-called Fully Accessible Route bonds last week, according to Clearing Corporation of India Ltd. data.
WORLD
North Korea may end up sending Putin 100,000 troops for his war
The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un
WORLD
How Donald Trump cut into Democrats’ hold on young voters
The shift is particularly striking since the voting bloc has been reliably Democratic and offers a gloomy outlook for the party’s ability to assemble winning coalitions
WORLD
Bessent, Lutnick in final push for Trump Treasury Secretary pick
The infighting has delayed decisions on Trump’s economic picks even as he rushes to fill many other posts in his incoming administration.
WORLD
Xi seizes role as global defender of free trade against Trump
“Dividing an interdependent world is going back in history,” Xi said in a speech at the APEC CEO Summit in Peru read on stage by one of his ministers
WORLD
China’s dream of ‘powerful currency’ runs into Trump’s return
Beijing engineered a yuan devaluation in 2015, when the PBOC allowed a one-off 1.9% decline in the daily fixing rate.
WORLD
Xi warns against ‘going back in history’ as Trump tariffs loom
The Chinese leader is seeking to portray himself as a champion of economic globalization
BUSINESS
Bitcoin speculative fervor cools, traders await next Trump steps
The largest digital asset slid below $87,000 at one point on Friday after Federal Reserve Chair Jerome Powell said there was no need to hurry interest-rate cuts
WORLD
US industrial production falls 0.3% on strike, hurricane disruptions
The 0.3% decline in output at factories, mines and utilities followed a revised 0.5% decrease a month earlier, Federal Reserve data showed Friday
MARKETS
A near-$1 trillion ETF rush this year breaks Wall Street records
Further signs of the markets ebullience: total US ETF assets hit the $10 trillion mark for the first time in September
AUTOMOBILE
GM plans to cut 1,000 salaried workers in bid to reduce costs
Most of the layoffs will affect staff in North America, said the people, who asked to not be identified because they weren’t authorized to speak publicly
