CRYPTOCURRENCY
Bitcoin falls to lowest since June as risk-off mood hits crypto
The original cryptocurrency fell as much as 3.7% to $102,870 on Tuesday in New York, the lowest level since June 23. That’s down almost 20% from a record high reached a month ago.
INDIA
India may cancel green power projects struggling to find clients
The power ministry has reviewed 42 gigawatts worth of planned projects that have yet to sign offtake agreements and advised authorities to shelve those that are no longer feasible
BUSINESS
Tesla is set to hire ex-Lamborghini head to drive India sales
The electric-car maker has hired Sharad Agarwal, who previously led Lamborghini India, to head local operations
MARKETS
Foreign investors trim India consumer stocks despite tax cut
Positions were 'notably reduced' compared with both the previous quarter and year-ago levels, Morgan Stanley analysts including Sheela Rathi wrote in a note
BUSINESS
Saudi Aramco profit beats estimates in sign of easing pressure
Adjusted net income for the period rose about 1% to 104.9 billion riyals ($28 billion) from a year earlier, surpassing analyst estimates compiled by Bloomberg
WORLD
Conflict of interest? Trump's top donor 'friends' for $300-mn ballroom have US govt contracts
Sixteen of the 24 donors have received federal contracts with the cumulative sum totaling $279 billion over the past five years
BUSINESS
Wall Street celebrates massive AI deals yet Asia opens weak
Stocks opened lower in South Korea and Japan, where traders returned after a long weekend. Australian shares fell ahead of a central bank rate decision where policymakers are expected to stand pat.
BUSINESS
Amazon inks $38 billion deal with OpenAI for Nvidia chips
Amazon shares jumped about 6% in early trading on Monday. Nvidia rose as much as 3%.
BUSINESS
Alphabet selling €6.25 billion of debt amid AI expansion
This marks Alphabet’s second visit to the euro market in 2025 after it raised €6.75 billion in April in a debut sale that helped diversify its funding beyond dollars.
BUSINESS
BlackRock manager says an AI bust wouldn’t end clean-tech rise
The comments come amid concerns that the vast amounts being spent on expanding AI may overstate its potential to make money.
BUSINESS
Lenskart IPO price sparks concern over Indian startup valuations
DSP Asset Managers Pvt. over the weekend publicly defended its anchor investment in Lenskart after facing social media criticism over the IPO’s valuation
BUSINESS
Aluminum heads for three-year high as US-China tensions ease
Metals had a nervy start on Monday, before moving higher along with stocks, as investors mull what’s next after the trade truce between Beijing and Washington forged at last week’s summit
BUSINESS
What tariffs? Europe Inc adapts as many firms post gains in US
A Goldman Sachs Group Inc. basket of European stocks most exposed to tariffs outperformed the broader market in October after trailing for most of the year.
BUSINESS
Modi tax cut fuels Rs 6 lakh crore festival shopping boom in India
Sales across the country topped 6 trillion rupees ($67.6 billion), with items like jewelry, electronics, apparels, furnishing, and sweets most in demand, B. C. Bhartia, national president of Confederation of All India Traders, said in a statement.
BUSINESS
China’s massive African mine threatens to upend iron ore market
The scale of Simandou is staggering. It’s the world’s largest untapped iron ore deposit, with estimated reserves of at least 3 billion tons
BUSINESS
New World plans $1.9 billion debt swap with creditor haircuts
The company plans to swap existing debt for up to $1.6 billion in new perpetual securities and $300 million in fresh notes due in 2031, according to an exchange filing on Monday
BUSINESS
Rothschild sees more global firms listing Indian units next year
Lofty valuations are drawing companies to initial public offerings as equities in the country trade at a premium to most markets, said Claire Suddens-Spiers, vice chair of global markets solutions at Rothschild
BUSINESS
Chinese LNG ship skirting US curbs continues to fake location
The CCH Gas vessel, which has a registered owner with an address in Hong Kong, is signaling that it has been idling off the eastern coast of Malaysia for the last week
BUSINESS
Copper declines for third day on concerns over China’s economy
A private survey of manufacturing activity in China fell to 50.6 in October, compared with 51.2 in September, a bigger decline than forecast
MARKETS
AI rally and volatility define Wall Street's run since Trump’s return
The S&P 500 Index has surged 18% since Trump’s November 5 win, ending October on a six-month winning streak and at an all-time high
MARKETS
Nvidia is worth $5 trillion. Here’s what it means for the market
The chipmaker at the heart of the AI revolution is not only by far the biggest company on the planet, it also may be the most influential stock in Wall Street history
INDIA
India is set to triple rare earth magnets plan to $788 million
The proposal, awaiting cabinet approval, represents a significant step-up from an earlier $290 million plan aimed at securing critical materials for electric vehicles, renewable energy and defence
WORLD
OPEC+ to agree small output hike for December, delegates say
Key members led by Saudi Arabia are expected to ratify the revival of roughly 137,000 barrels a day of halted production at the meeting that starts at 5 pm Vienna time
WORLD
Trump plays nice with Asian allies stung by repeated threats
The US president also sought to mend ties with Southeast Asian nations that have leaned closer toward Beijing as Trump took aim at their economic growth engines
