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
WORLD
Russian oil tanker set ablaze amid Black Sea drone attacks
Russia reported 71 drones downed overnight in the Krasnodar region and around and over the Black Sea
WORLD
Hegseth says US, China to set up direct military communication
The purpose of the communication channels will be to “deconflict and deescalate any problems that arise,” Hegseth said in a post on X.
BUSINESS
China to suspend some rare earth curbs, probes on US chip firms
Washington will also pause some of Trump’s so-called reciprocal tariffs on China for an additional year and is halting plans to implement a 100% tariff on Chinese exports to the US that was threatened for November.
BUSINESS
Trump plays nice with Asian allies stung by repeated threats
The sometimes-truculent US president tilted toward charm, pageantry and protocol on his swing through Asia.
BUSINESS
Warren Buffett’s Berkshire Hathaway cash pile soars to $382 billion
Warren Buffett offloaded $6.1 billion of shares during the period. In spite of that growing cash hoard, the firm’s net investment income declined 13% to $3.2 billion amid lower short-term interest rates.
MARKETS
Options traders see S&P 500 treading water in next two months
Options bets on the S&P 500 Index’s level in late December are clustering near 7,000, a round-number milestone that would put the index up 19% in 2025. But that’s just 2.5% from Thursday’s close of 6,822.34, with two months left to go.
MARKETS
Nvidia CEO Jensen Huang completes $1 billion share sale
The stock was worth about $865 million when he started selling in late June, but has climbed over 40% since then amid unquenchable demand for artificial intelligence processors.
BUSINESS
China ends gold tax break in setback for key bullion market
Starting on November 1, Beijing will no longer allow retailers to offset a value-added tax when selling gold they bought from the Shanghai Gold Exchange, whether sold directly or after processing, according a new legislation from the Ministry of Finance.
BUSINESS
Want to mimic what stocks the US buys? There may be an ETF soon
By following federal capital, the ETF turns a political worldview into an investable thesis.
BUSINESS
Asian stock rally resumes as tech results lift sentiment
MSCI’s regional stocks index climbed 0.6% at the open, with Japanese shares leading the charge. Apple shares rose in late trading after the company beat revenue estimates and offered a bullish holiday forecast.
BUSINESS
Coinbase rises after revenue climbs more than estimates
Revenue increased by 55% to 1.9 billion, ahead of analysts’ estimates of $1.8 billion.
BUSINESS
Ford to invest $370 million in India defying Trump’s local push
The US automaker, which first signaled its interest in resuming local production in India a year ago, has been preparing the investment for months against a backdrop of heightened tensions between New Delhi and Washington.
