BUSINESS
Asian stocks advance at open, gold tops $4,500
MSCI’s regional stocks gauge extended gains into a fourth day, rising 0.2%, with benchmarks in Japan and South Korea advancing. Australian shares edged lower in a shortened trading session.
BUSINESS
Jane Street hires Washington DC lobbyists as India probe presses on
In July, SEBI accused Jane Street of “egregious” market manipulation in an interim order while it continued to investigate the company.
WORLD
Epstein prosecutors prepared sex trafficking indictment in 2007
Epstein, three of his employees and two of his companies would have been charged in a draft indictment that accused him of abusing girls as young as 14.
WORLD
Pakistan national carrier sale gets offer for $482 million
Businessman Arif Habib’s consortium made the highest bid of 135 billion rupees ($482 million) for a 75% stake in a live auction, according to a televised briefing of the auction in Islamabad.
BUSINESS
Peak ETF mania? Flows, launches and volume shatter all records
US-listed ETFs have attracted a staggering $1.4 trillion so far in 2025, shattering the annual flow record set just last year.
BUSINESS
US GDP grew 4.3% in third quarter, fastest in two years
Consumer spending — the main growth engine of the economy — advanced at a 3.5% annualized pace.
BUSINESS
Foreigners buy most Indian stocks in two months as rupee recovers
Overseas investors bought $644 million of local shares, the most since mid-October, according to data compiled by Bloomberg.
BANKING
Lenders ask Reserve Bank of India to rein in surging hedging costs
Hedging costs have surged as dollar-rupee forward premiums jumped sharply, with the one-month forward yield hitting a four-and-a-half-year high this month.
WORLD
J&J talc jury awards $1.56 billion to asbestos cancer victim
J&J steadfastly maintains talc doesn’t cause cancer and there’s never been any asbestos in the product
BUSINESS
JPMorgan beats Kotak Mahindra Capital to regain top spot in India equity deals after 5 years
JPMorgan Chase & Co's market share in India nearly doubled from a year ago to more than 11% after advising on stake sale in some of the largest block trades this year including Bharti Airtel Ltd and IndiGo operator InterGlobe Aviation Ltd.
BUSINESS
Larry Ellison pledges $40 billion to boost Paramount's Warner Bros. bid
Paramount has been aggressively pursuing Warner Bros. for months, and Ellison was taken by surprise when the board agreed to a deal with Netflix for $82.7 billion
BUSINESS
Asian stocks rise, extending record global rally
MSCI Inc.’s gauge of Asia Pacific equities rose 0.3% early on Tuesday after an index of global stocks set a fresh closing record. Japan’s Topix climbed 0.5%.
TECHNOLOGY
Meta’s Threads makes a play for podcasters and their rabid fans
Threads was launched by Meta in 2023 in the wake of Elon Musk’s purchase of Twitter Inc., now called X.
BUSINESS
Premji Invest buys 2.61% unit-holding in NHIT for Rs 754 crore
Billionaire Azim Premji's PE firm, through its arm Prazim Trading and Investment Company Pvt Ltd, purchased a total of 5.06 crore units
BUSINESS
Alphabet to buy data center partner Intersect for $4.75 billion
Google took a minority stake in the energy provider last year by entering a partnership with Intersect to build big energy plants next to data center campuses
BUSINESS
Uber, Lyft team up with Baidu to start robotaxi trials in UK
Global robotaxi rollouts are accelerating, with Chinese companies such as Baidu and Weride Inc., and Alphabet Inc.’s Waymo leading the charge
BUSINESS
Copper heads toward $12,000 a ton as banks predict further gains
The metal that’s crucial for the energy transition has powered higher in recent months as growing concerns about tightening global supply have outweighed a slowdown in demand.
BUSINESS
China hits EU dairy imports with hefty duties after probe
French dairy firm Fromarsac is facing levies of 30%, while some companies under Dutch cheesemaker FrieslandCampina have been hit with 43% levies, it said in a separate statement.
BUSINESS
Gold rises to record high on rate-cut bets and Venezuela tension
Bullion climbed more than 1.5% to surpass the previous record of $4,381 an ounce set in October.
BUSINESS
Silver hits record high on rate-cut bets and geopolitical strife
Silver has been buoyed by speculative inflows and lingering supply tightness after a historic short squeeze in October.
BUSINESS
Asian stocks gain as hopes for year-end rally grow
MSCI Inc.’s gauge of Asia Pacific shares rose 0.5%, with the tech sector leading gains. The measure capped a 1.9% weekly decline on Friday, its first in four weeks.
WORLD
San Francisco crippled by widespread power outages on busy holiday shopping weekend
Pacific Gas and Electric Company said in a statement on X that it was working with first responders and city officials on a power failure affecting about 130,000 customers.
WORLD
US says it intercepted second tanker in Venezuela blockade
The Centuries supertanker laden with up to 2 million barrels of Venezuelan crude was flying a Panamanian flag, according to people familiar with the matter.
BUSINESS
World’s calmest stock market challenges options traders in India
Despite geopolitical flare ups and a recent global selloff in risk assets, the NSE Nifty 50 Index has barely budged for months as domestic money overwhelms foreign flows and derivatives trading curbs choke off volatility.
