BUSINESS
India’s green shift may accelerate coal power retirement by 2030
Coal still meets about two thirds of India’s electricity demand, and the government announced plans to add nearly 90 gigawatts of additional capacity through 2032
WORLD
Bessent names Fed chair finalists ahead of year-end decision
Trump himself told reporters that he expected to make a decision on the nominee before the end of the year
MARKETS
Wall Street goes risk-on as trade optimism grows
The S&P 500 rose almost 1% as Chinese and US trade negotiators have lined up an array of diplomatic wins for Donald Trump and Xi Jinping to unveil at a summit this week
WORLD
Here are the key US-China issues to watch in Trump-Xi summit
US Treasury Secretary Scott Bessent said a framework for Trump and Xi to finalize was forged over weekend talks with China
BUSINESS
Fractal Analytics said to plan $555 million India IPO next month
Fractal joins the growing wave of firms seeking to go public in India on the heels of two IPOs this month that raised more than $1 billion each
BUSINESS
Novartis agrees to buy Avidity in $12-billion biotech deal
Novartis will pay $72 a share in cash for the biotechnology company, representing a premium of 46% to Avidity’s closing price Friday
BUSINESS
Japan’s Nikkei breaks key 50,000 level ahead of Trump meeting
The Nikkei has surged more than 24% this year, outperforming a 15% gain in the S&P 500, as foreign inflows, easing tariff concerns between the US, and optimism for growth under Takaichi have helped spur equity benchmarks to fresh records.
BUSINESS
China asks US to protect ‘hard-won’ results before Xi-Trump meeting
Trade negotiators from China and the US announced Sunday that they’d struck a slew of agreements on issues spanning tariffs, shipping fees, fentanyl and export controls over two days in Malaysia.
BUSINESS
China industrial profits soar on strong output, easing deflation
Faster expansion in output is propping up earnings of Chinese factories and mines, as foreign demand remained robust despite US tariffs.
BUSINESS
US, China tee up sweeping trade deal for Trump, Xi to finish
US Treasury Secretary Scott Bessent said Trump’s threat of 100% tariffs on Chinese goods “is effectively off the table” and he expected the Asian nation to make “substantial” soybean purchases as well as offer a deferral on sweeping rare earth controls.
BUSINESS
Gold extends drop as US-China trade progress eases haven demand
A blistering rally that began in mid-August and propelled gold to a record just above $4,380 an ounce last Monday abruptly reversed the following day as investors moved to lock in profits.
BUSINESS
Boeing defense workers reject latest offer, extending strike
The strike has affected F-15 deliveries to the US Air Force’s Portland National Guard base and will delay international deliveries next year,
INDIA
US-Pakistan relations don’t come at expense of India: Marco Rubio
Marco Rubio is likely to meet External Affairs Minister Subrahmanyam Jaishankar on the sidelines of the Asean summit on Monday
WORLD
Trump’s push for Gulf to pay for rebuilding Gaza faces hurdles
Persuading the likes of Qatar, Saudi Arabia and the United Arab Emirates to hand over the funds is unlikely to be as easy as Trump claimed.
WORLD
Trump predicts ‘pretty good deals’ with Brazil in Lula meeting
Trump said the pair “get along very well” and that his officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, would work to negotiate an agreement and predicted a “conclusion pretty quickly.”
WORLD
US, China reach framework for Trump-Xi meeting, says Bessent
Bessent told reporters in Kuala Lumpur on Sunday morning that the two sides discussed agricultural purchases, TikTok, fentanyl, trade, rare earths and the overall bilateral relationship
WORLD
Trump hails peace deal between Cambodia and Thailand
Thai PM Anutin Charnvirakul and Cambodian counterpart Hun Manet gathered with the US president for the ceremonial event in Malaysia, which is hosting a regional summit and helped facilitate talks between the Southeast Asian neighbors.
WORLD
Thai leader Anutin Charnvirakul to meet Trump, sign Cambodia peace deal
The signing ceremony is expected to be a key feature of Trump’s attendance at the Asean summit
BUSINESS
US has ‘very constructive’ China talks as Trump jets to Asia
Trump told reporters aboard Air Force One that he and Xi have “a lot of things to discuss” and expects both sides to make compromises, although he won’t put odds on getting a deal.
BUSINESS
Trump targets ‘complete deal’ with China when he meets with Xi
Trump, speaking to reporters enroute to Asia for meetings with leaders including Xi, said he hopes his talks Thursday with the Chinese president would yield “a complete deal.”
WORLD
Trump says he’ll raise Canada tariff by 10% after Reagan ad
Trump’s Truth Social post follows days of public clashes over the ad, which invoked former President Ronald Reagan’s stance as a free trader and triggered the current US president’s ire, prompting him to suspend trade negotiations with Canada.
BUSINESS
Chinese caviar and foie gras shake up global gourmet dining
China exported 322 tons of caviar last year, more than double the volume in 2019, according to the International Trade Centre
WORLD
Pentagon frets over ‘A House of Dynamite’ nuclear doomsday film
A Missile Defense Agency internal memorandum argues that the doomsday scenario depicted in the movie is inaccurate.
BUSINESS
EU chief considering all options over China rare-earth threat
Von der Leyen also warned that while China’s move on rare earths is part of “wider economic friction” between the US and China
