WORLD
Elon Musk settles suit by ex-Twitter CEO Parag Agrawal over denied severance pay
The accord comes as Musk and officials of X Corp. — Twitter’s new name — agreed in August to settle a $500 million suit by about 6,000 laid off rank-and-file employees, who said the billionaire stiffed them on severances after he took over the social-media platform.
WORLD
Trump says hostage releases to 'probably' happen Monday after Israel-Hamas deal
Israel and Hamas have agreed to a US- and Qatar-brokered deal for hostage releases and prisoner swaps, with President Trump saying hostages could be freed “probably” Monday, marking a potential first step toward peace.
BUSINESS
Gold retreats from record on profit-taking after torrid rally
Bullion declined as much as 1% on Thursday after closing 1.4% higher in the previous session.
BUSINESS
US Treasuries risk losing haven status, pension official says
The remark comes as the US government shutdown over fiscal spending drags on and market participants increasingly sound warnings over the dollar’s fate.
WORLD
Saudi government seeks $10 billion in rare loan deal
Before the revision, Riyadh had expected to borrow about $37 billion this year, with most of that raised through capital markets and about 30% via private channels.
BUSINESS
Starmer pushes for quick implementation of India Trade Pact
Starmer said he has instructed his team to move quickly on the deal signed earlier this year.
MARKETS
Green stocks are quietly beating the world’s biggest trades
The S&P Global Clean Energy Transition Index has surged close to 50% since US President Donald Trump’s April tariff announcements caused havoc across markets
INDIA
India refiners may buy more Russian oil as discounts deepen
Discounts on Urals crude loading in November are $2-to-$2.50 a barrel to Dated Brent, making it attractive, according to people familiar with the developments
BUSINESS
BMW drops after forecast cut on weak China sales, tariff costs
The stock fell as much as 5.2% in Frankfurt, after the luxury-car maker said it now sees pre-tax group earnings slightly lower in 2025 compared to last year
BUSINESS
Credila Financial slowing down IPO plans on US visa rules: Report
President Donald Trump’s tightening of immigration policies has led to a sharp drop in student arrivals to the US
INDIA
Mumbai's $4-bn makeover kicks in as PM Modi to open Adani airport, new metro line today
Modi will preside over the launch of the Navi Mumbai International Airport on October 8 alongside billionaire Gautam Adani
BUSINESS
Gold tops $4,000 for first time fueled by US shutdown
It’s a milestone moment for the metal that traded below $2,000 just two years ago, with returns that now well outstrip those for equities this century.
BUSINESS
Asian stocks slip at open, gold close to $4,000
MSCI’s regional stock gauge dropped 0.2% with technology shares among the losers.
BUSINESS
Nvidia to invest in Musk’s xAI as part of $20 billion funding
XAI’s financing would be split between about $7.5 billion of equity and as much as $12.5 billion of debt, the people said, and structured via a special purpose vehicle.
WORLD
Trump says US and Canada working on formula for tariff deal
Canada is the largest foreign buyer of US-made vehicles, and also exports most of its own automotive production to the US market.
BUSINESS
Brookfield-backed Clean Max plans $586 million IPO in November
The commercial and industrial renewable energy provider has started investor roadshows and aims to begin the share sale next month after getting regulatory approvals
BUSINESS
Pakistan Central Bank says further rate cuts hinge on IMF review
The comments come ahead of the monetary policy meeting on Oct 27, and as an IMF team is in Pakistan for a second review of its $7 billion loan program
BUSINESS
AMD inks chip deal with OpenAI that triggers explosive rally
AMD shares soared 24% to $203.71 after the agreement was announced Monday, adding $63.4 billion to the company’s market valuation. It’s now worth $330.6 billion, more than Coca-Cola Co., General Electric Co. or Chevron Corp.
ECONOMY
PM Starmer leads business delegation to India to tout UK trade pact
Starmer finalized the deal with his PM Narendra Modi, in July, following three years of intense negotiations
BUSINESS
Gold moves closer to $4,000 on US shutdown and French crisis
Bullion rose to $3,977.44 an ounce after surging 1.9% on Monday
MARKETS
Japanese shares rise at open, gold nears $4,000
The Nikkei index gained 0.6% to a new peak, following a 4.8% jump on Monday
BUSINESS
LG Electronics India IPO said to attract Abu Dhabi, Norway, Singapore Wealth Funds as anchor investors: Report
LG Electronics India IPO: Abu Dhabi Investment Authority, Norges Bank Investment Management and GIC Pte. are in talks to buy shares in the $1.3 billion IPO as anchor investors, sources told Bloomberg.
BUSINESS
Sunil Mittal’s Bharti Telecom mulls record $1.7 billion bond deal
If completed, the deal would mark Bharti Telecom’s largest-ever rupee bond sale, according to data compiled by Bloomberg. The company last tapped the local debt market in November 2024, raising Rs 11,150 crore through a six-part issuance.
BUSINESS
Bitcoin’s weekend rally fueled by record bets in Options markets
Bitcoin’s advance coincided with a US government shutdown that began on Oct. 1 and has helped fuel demand for perceived safe-haven assets.
