BUSINESS
The online scam that hits travelers at their most distracted
Reported losses from business-impostor scams in the US rose 30%, to $835 million, in the first three quarters of 2025, compared with $644 million in the first three quarters of 2024, according to the FTC
INDIA
India’s big-bang financial reforms target wave of foreign money
The drive to attract foreign capital has gained urgency after US President Donald Trump slapped tariffs of 50% on Indian goods in August
BUSINESS
Adani Airport unit to invest $11 billion, seeks partner pre-IPO
Adani Airport Holdings already operates seven airports, including at Mumbai and Ahmedabad. It is now targeting 11 airports slated for privatization, Jeet Adani said.
COMPANIES
Boutique bankers build a fortune on sale of Avendus Capital
On Wednesday, Mizuho Financial Group Inc. said it will acquire KKR & Co’s more than 60% stake in the Mumbai-based investment bank
BUSINESS
Goldman, JPMorgan see India’s record IPO boom extending to 2026
Kotak Mahindra Capital Co. and Goldman Sachs Group Inc. expect next year’s IPO fundraising to reach as much as $25 billion
IPO
ICICI Prudential AMC debuts in India as global investors pile in
The stock is expected to list at a premium of about 15% to the IPO price on Friday
MARKETS
Asian shares gain as US CPI boosts stocks, bonds
Shares in Japan and Australia climbed along with Hong Kong equity futures, following an 0.8% gain for the S&P 500 and a 1.5% rally for the Nasdaq 100 on Thursday.
BUSINESS
China has bought more than half the soybeans it promised from US
The tally follows a wave of buying from Sinograin, the state company in charge of managing China’s strategic grain reserves.
WORLD
US troops face ‘unsanitary’ border condition, watchdog finds
The problems include “leaking raw sewage, non-functional toilets, and general disrepair of facilities,” according to the report
BUSINESS
US core CPI unexpectedly eases to slowest pace since 2021
The core consumer price index, which excludes the often-volatile food and energy categories, increased 2.6% in November, according to Bureau of Labor Statistics data out Thursday
BUSINESS
Lufthansa lands $400 million windfall 747 sale to US Air Force
The Boeing Co. 747-8 planes will be used for training and parts as the company works on next-generation versions of Air Force One, the Air Force said.
BUSINESS
Gold steadies near record as platinum extends meteoric climb
Platinum extended a breakneck rally, surging close to $2,000 an ounce before paring gains.
BUSINESS
UK sanctions Pakistani tycoon Lakhani for Russian energy role
The British sanctions also designated a cadre of companies, including Lakhani’s Mercantile & Maritime Group.
WORLD
Stock bulls have a worryingly long list of 2026 risks to ponder
The long list of things that could go wrong suggests that drawdowns and volatility spikes are likely during 2026, especially given an investor base that is so determined to chase the market higher. Here’s a closer look at the challenges to the upbeat outlook.
WORLD
Russia will be paying for its war on Ukraine long after it ends
While economists in Russia are divided on whether such a trajectory is financially sustainable, the more immediate challenge for the government is the rising cost of servicing its debt.
BUSINESS
How BP’s new boss became the most powerful woman in fossil fuels
To supporters, she is exactly the leader BP needs. To critics, she represents an industry choosing regression over reinvention
INDIA
India insurance move opens pension firms to 100% foreign holding
The measure is an 'enabler' that will help draw interest from global investors in the pension fund sector over time, chief of India's pension fund regulator said
WORLD
BP makes O’Neill first female Big Oil CEO in bid for revival
The management shakeup comes as BP lags behind its rivals due to a combination of corporate disasters, war, lackluster returns from its renewables efforts and some bad luck
BUSINESS
Ford scraps $6.5 billion EV battery contract with Korea’s LG Energy Solution
Ford notified LG of the canceled order on Wednesday, the South Korean company said in a regulatory filing in Seoul
WORLD
OpenAI discussed funding at $750 billion value: Report
The tech news website said Wednesday that the discussions were preliminary and the details could still change
WORLD
SpaceX’s record IPO plan pushes obscure fund into spotlight
The ERShares Private-Public Crossover ETF (ticker XOVR) has taken in more than $470 million since December 8 — more than half its total assets
ARTIFICIAL-INTELLIGENCE
World-beating 55,000% surge in India AI stock fuels bubble fears
The rally is now showing signs of strain — and regulators are taking a closer look
MARKETS
Asian stocks decline as traders retreat from tech
Shares in Japan and Australia dropped along with equity futures for Hong Kong. The tech-heavy Nasdaq 100 declined 1.9% Wednesday with Nvidia Corp. slipping 3.8% to its lowest since September.
BUSINESS
AI chip startup mythic raises $125 million in bid to take on Nvidia
Mythic, which tapped Nvidia veteran Taner Ozcelik as its chief executive officer last year, raised the money from a group led by venture firm DCVC
