MARKETS
Jefferies hires Mizuho banker to lead private debt in India
Sanjeev Aggarwal, who headed leveraged and structured finance at the Japanese bank in India, has quit and is currently on gardening leave
BUSINESS
RBI’s big inflation misses put India’s forecasts under scrutiny
Economists predict another big miss in the current quarter after a surprisingly low inflation print in October
BUSINESS
Great Bitcoin crash of 2025 has it lagging bonds, gold and more
Once promoted as a high-growth play, an inflation hedge, and a portfolio diversifier, the world’s largest cryptocurrency now faces the prospect of ending the year in the red — without fulfilling any of those roles.
BUSINESS
Asian stocks stabilise, Treasuries hold advances
MSCI’s stocks gauge for Asia Pacific was little changed after the index had its biggest drop since early April on Tuesday.
AUTOMOBILE
Volkswagen pares India EV development costs amid hunt for a partner
The local unit of Europe’s biggest automaker has cut costs to about $700 million from $1 billion for a platform it is developing to build EVs
BUSINESS
Gold steadies as investors weigh stock jitters, rate-cut outlook
Gold has gained around 55% this year, and is on track for its best year since 1979, despite pulling back from a record high last month.
WORLD
US plans to approve sale of chips to Saudi AI venture Humain
The approvals are expected as part of a broader AI agreement between Washington and Riyadh, said the people, who asked not to be named discussing a sensitive matter
BUSINESS
Michael Burry says he’s ‘active in markets’ after fund is deregistered
Michael Burry, 54, closed a previous firm called Scion Capital in 2008 after successfully betting against bonds backed by the riskiest home loans.
WORLD
Bill Ackman says now isn’t time for US to sell Fannie, Freddie
Bill Ackman said that the US should re-list the companies on the NYSE, which would be possible if the preferred shares were deemed to be repaid.
WORLD
Trump tells Congress don’t 'waste’ time on Obamacare credits
President Donald Trump rejected extending expanded Affordable Care Act subsidies, urging lawmakers instead to send money “directly back to the people,” complicating Republicans’ strategy as millions face steep premium hikes and Democrats seize the issue.
TECHNOLOGY
Microsoft, Nvidia to invest as much as $15 billion in Anthropic
Anthropic plans to spend $50 billion to build custom data centers for AI work in several US locations, including Texas and New York.
BUSINESS
'Baby Shark' creator Pinkfong shares surge up to 62% on debut
The stock jumped to a high of 61,500 won in early trading Tuesday before closing at 41,550 won, giving the company a market value of 596.3 billion won ($406 million).
CRYPTOCURRENCY
Bitcoin drops below $90,000 for the first time in seven months
The largest token fell as much as 2.4% on Tuesday, extending its decline from a record of more than $126,000 set in early October.
BUSINESS
Airbus makes order comeback on second day of Dubai Air Show
Spanish airline Air Europa also signed a memorandum of understanding with Airbus for as many as 40 A350-900 widebody aircraft, while Etihad added A330 and more A350 jets to its fleet.
WORLD
China’s grip on American medicine cabinets grows more entrenched
Roughly one-in-four generic drugs taken by Americans rely on key ingredients from China, according to a report
MARKETS
Fear spreads across markets as crypto selloff raises alarms
The cryptocurrency fell as much as 2.8%, the latest drop in a slide that has wiped out all of its gains for the year
BUSINESS
Akzo Nobel to acquire Axalta in $9.2 billion paint deal
The agreement, which confirmed an earlier report by Bloomberg News, follows several attempts at a combination by the Dulux and Cromax brand paint makers
WORLD
US, Russian stealth fighter jets square off at Dubai airshow
The F-35 was first in the skies above Dubai’s Al Maktoum International Airport, performing an eight-minute flight display early in afternoon on Monday, followed by the Russian jet about 90 minutes later
WORLD
China’s rare-earth product exports falter as talks go on with US
Outbound shipments of the materials used in electric vehicles, weapons and high-tech manufacturing dropped to 6,173 tons, the lowest level since June, according to customs data released on Tuesday
WORLD
The hot new Dubai restaurant run by an AI chef
The setup further blurs the line between restaurant, speakeasy and digital art gallery.
BUSINESS
Bitcoin ETF investors now in the red after $89,600 level breaks
The average cost basis across all ETF inflows sits at approximately $89,600, according to Sean Rose at Glassnode — a level Bitcoin breached on Tuesday.
BUSINESS
Bitcoin drops below $90,000 for the first time in seven months
The largest token fell as much as 2.4% during Asia trading hours, extending its decline from a record of more than $126,000 set in early October
BUSINESS
'Baby Shark' creator Pinkfong shares surge up to 62% on debut
The stock jumped to a high of 61,500 won in early Tuesday trading after opening at 58,000 won. At 11:21 a.m. Seoul time, the stock was trading at 51,100 won.
WORLD
The Apple designer who introduced the iPhone Air leaves company
Abidur Chowdhury, an industrial designer, recently departed the iPhone maker for an artificial intelligence startup
