BUSINESS
Aster’s India unit draws suitors valuing business at $1.5 billion
BPEA EQT and OTPP have expressed preliminary interest in the hospital operator’s business in the South Asian nation, the people said.
BUSINESS
India set to restrict sugar exports in threat to global supply
The South Asian nation is likely to curb shipments during the new season that started Oct. 1, and a decision will be made soon, said people familiar with the matter who asked not to be identified as the talks are confidential. Quotas for some overseas sales can be issued if domestic supply improves, they said.
BUSINESS
Gold price slump may boost demand from India’s festive shoppers
Strong purchases during the October-December festival period, considered an auspicious time to own and wear gold, may underpin the global market.
BUSINESS
Rice market braces for more stress as El Niño starts to bite
The market has already been upended by export restrictions from top shipper India and drier weather from El Niño threatens to cause more chaos.
BUSINESS
Global funds exit EM Asia stocks in longest streak in 16 months
Global investors have sold $16.2 billion worth of stocks in the region since Sept. 4, set for the longest weekly selling stretch in about 16 months, according to data compiled by Bloomberg. The exodus has been led by India, and tech-heavy markets of Taiwan and Korea.
BUSINESS
PM Modi weighs giving small farmers more cash support before polls
The government is weighing options to raise the annual direct cash transfer to small farmers to 8,000 rupees ($96) from 6,000 rupees, according to two officials familiar with the discussions, who asked not to be identified as the matter is still under consideration.
WORLD
Finland gas pipe leak probe proceeds on premise of sabotage
There are no final conclusions, the people said. Officials are expected to give more details on the investigation later on Tuesday. European gas prices rose as much as 12.5%.
WORLD
Cyberattacks Targeting Israel Are Rising After Hamas Assault
Killnet, a group that purports to be made of up patriotic Russian volunteer hackers, announced on Sunday that it would target all Israeli government systems with distributed denial-of-service attacks, a type of cyberattack known as DDoS that floods websites with traffic and forces them offline.
WORLD
‘Modest’ China Stimulus May Bolster Growth Goal, Analysts Say
That’s according to economists and analysts after Bloomberg News reported policymakers are weighing the issuance of at least 1 trillion yuan ($137 billion) of additional sovereign debt for spending on infrastructure.
BUSINESS
Adani’s $3.5 billion Ambuja loan is moving ahead
The three banks are Barclays Plc, Deutsche Bank AG and Standard Chartered Plc, said the people, asking not to be identified when discussing a private matter.
WORLD
Egypt weighs impact of Israel gas-field halt on LNG exports
The stoppage means Egypt’s imports of Israeli gas have declined by about 20% to around 650 million cubic feet per day, they said, asking not to be identified as they’re not authorized to speak publicly on the issue.
WORLD
One bond market is defying the global selloff with record returns
Investors in the $40 billion market for so-called cat bonds have literally been sitting out the storm to reap returns as high as 16% this year.
WORLD
Larry Summers ‘sickened’ by Harvard’s silence over attack on Israel
“The silence from Harvard’s leadership, so far, coupled with a vocal and widely reported student groups’ statement blaming Israel solely, has allowed Harvard to appear at best neutral towards acts of terror against the Jewish state of Israel,” Summers said on X, formerly known as Twitter.
WORLD
Country Garden signals default, hires advisers as sales plunge
The builder “expects that it will not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, including but not limited to those under the U.S. dollar notes issued by the company,” it said in a filing Tuesday.
WORLD
Philip Jefferson says Fed can proceed carefully, mindful of yield rise
Officials are “in a position to proceed carefully in assessing the extent of any additional policy firming that may be necessary,” Jefferson said Monday in a speech at a National Association for Business Economics conference in Dallas.
WORLD
Treasuries jump on dovish Fed comments, Middle East conflict
Yields on US 10-year notes fell as much as 18 basis points to 4.62% as the cash market reopened following a US holiday on Monday.
WORLD
Iran concern grips emerging markets as Israel heads to war
The surprise weekend attack on Israel sent Middle Eastern stocks plunging and rippled across crowded currency trades. Equity gauges in Dubai and Istanbul dropped at least 2.6%, while crude oil rose more than 3%.
BUSINESS
Oil surges as Israel conflict reignites Middle East volatility
More than 1,400 people have died since the fighting between Israel and militant group Hamas broke out over the weekend, in a conflict that has potential repercussions across the wider region.
MARKETS
US defense stocks jump while Israel-linked stocks fall globally
The stocks each gained at least 8% in the session, the most in more than three years.
BUSINESS
Israel shekel slumps despite $45 billion central bank pledge
The central bank said it would sell as much as $30 billion and extend up to $15 billion through swap mechanisms as part of an unprecedented program to support markets, according to a statement on Monday.
BUSINESS
Hinduja in talks with private debt funds for about $800 million
Over the last five years, the country notched up the highest investment volume in Asia, according to research from the Global Private Capital Association, a body representing investors.
BUSINESS
Israel orders shutdown of key gas field as violence rages
Gas discoveries in Israel over the last two decades have transformed the economy and turned it into an exporter of the fuel. Some of the supply goes to Egypt which in turn pushes it to Europe, just as the continent was seeking alternatives to Russian pipeline flows.
BUSINESS
E-Scooter makers asked to return $60 million aid for using China parts
It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products, leaving customers vulnerable to life-threatening incidents.
BUSINESS
OPEC boosts oil demand forecast to 2045 despite climate crisis
Oil consumption will climb 16% over the next two decades to reach 116 million barrels a day in 2045, about 6 million a day more than previously predicted, the Organization of Petroleum Exporting Countries said in its World Oil Outlook.
