MARKETS
S&P 500 hits record as producer price index surprise sinks yields
The S&P 500 hit all-time highs, with tech leading the way. Oracle Corp. soared 40% on a solid cloud outlook
BUSINESS
BYD’s senior management set to visit India as Modi, Xi reset ties: Report
The Shenzhen-based carmaker already has begun securing visas for senior managers and engineers that will enable the company to restart training programs, service machinery and assess the state of its factory in south India, says report
BUSINESS
Ozempic maker Novo Nordisk to cut 9,000 global jobs, slash profit forecast
Novo said operating profit will grow between 4% and 10% at constant exchange rates. The company had predicted in February that profit could grow as much as 27%
BUSINESS
Asian stocks fluctuate as US jobs outlook cools
In Asia, traders will monitor the potential for joint action by the US and the EU to pressure Russia into Ukraine talks.
WORLD
Trump floats new tariffs on China, India to squeeze Russia
Later Tuesday, Trump wrote a social-media post saying the US and India were continuing negotiations to address their trade barriers.
BUSINESS
Jamie Dimon says US economy is weakening after record BLS revision
The revision 'just confirms what we already thought,' Dimon said
WORLD
Trump calls Epstein letter a ‘dead issue’ in NBC News interview
The Trump administration has faced an uproar over its handling of documents related to Epstein, including pressure from some of the president’s own supporters
WORLD
US payrolls marked down a record 911,000 in preliminary estimate
Traders widely expect central bankers to cut rates at the conclusion of their two-day meeting September 17
MARKETS
US stocks rise as Fed bets intact after jobs markdown
The S&P 500 headed toward all-time highs. Apple Inc. will hold its biggest product launch event of the year, and is set to unveil the iPhone 17
BUSINESS
Jane Street faces off with India market regulator in court
Justice PS Dinesh Kumar, presiding at the Securities Appellate Tribunal, will consider whether to admit Jane Street’s appeal against a July interim order by the Securities and Exchange Board of India, which accused the US trading giant of manipulative practices
BUSINESS
Gold climbs to another record after Fed rate-cut optimism soars
Bullion gained as much as 0.3% to a fresh all-time high of more than $3,647 an ounce, beating the previous peak on Monday
BUSINESS
Asian stocks rise to track US optimism on Fed cuts
Equities in Japan and South Korea rose in morning trading while those in Australia declined.
BUSINESS
Apple’s $430 billion rally faces scrutiny of product unveiling
Apple is expected to introduce its iPhone 17 lineup, which will reportedly include a new skinnier version of the device
MARKETS
Wall Street rises on bets inflation won’t derail US Fed cut
While upcoming data is projected to show progress on reducing inflation has stalled, traders continued to brace for almost three Fed cuts this year starting in September
WORLD
US chief justice lets Trump oust FTC commissioner for now
Rebecca Kelly Slaughter, the FTC’s only Democrat, had briefly returned to her job after a federal appeals court ruling in her favor last week
WORLD
Bessent battles Trump demands, market jitters in Fed chair hunt
Bessent has intentionally taken a more hands-off approach, compiling a list of nearly a dozen candidates, but is not expected to push any one candidate
BUSINESS
Fed rate cut would relieve Asia as It grapples with tariffs, says ADB
The Federal Reserve is widely expected to ease monetary policy for the first time in 2025 after data showed US jobs growth cooled notably in August and unemployment climbed to the highest since 2021.
BUSINESS
Trafigura says Indian oil demand growth set to outpace China
While growth in the South Asian nation is being driven by urbanization and rising incomes, China is facing slowing crude consumption growth aside from in petrochemicals.
MARKETS
PAG’s Nuvama stake sale said to slow down on Jane Street case
PAG may also explore other options for its 54% holding in Nuvama, including a placement or a continuation fund
WORLD
EU weighs new sanctions on Russia to hit banks and oil trade
The package, which would be the bloc’s 19th since Moscow’s full-scale invasion in 2022, could also see the EU target Russia’s payment and credit card systems, crypto exchanges
BUSINESS
Indian oil-demand growth set to outpace China, says report
China and India — the region’s leading crude importers — are key drivers of demand growth
BUSINESS
Indian state-owned refiners seek to restore Russian oil flow
The refiners in the South Asian nation are getting fewer offers for October-loading Russian cargoes
BUSINESS
Trump’s tariffs could shave 0.5% off GDP, India adviser says
“I hope the additional penal tariff is a short-lived phenomenon,” Nageswaran told Bloomberg TV’s Haslinda Amin in an interview on Monday.
WORLD
London’s commuters face travel chaos as tube strike hits hard
All fleet staff as well as engineering, station and train workers walk out on Monday, causing chaos for the UK capital’s commuters
