BUSINESS
S&P 500 drops most in six months on Trump tariff spat with China
The S&P 500 Index wiped out its weekly advance after tumbling 2.7%, its worst day since April 10, when the tariff-induced selloff rattled financial markets.
BUSINESS
SoftBank in talks for $5 billion margin loan backed by Arm stock
SoftBank is close to signing a deal with a handful of lenders for a margin loan secured by shares of its chip unit Arm Holdings
BUSINESS
India may see IPOs worth $20 billion in next one year, says Citigroup; Meesho, Pine Labs among listings in pipeline
India's IPO pipeline is the biggest on record, covering domestic and international companies and industries, especially technology, health care and consumer, says Citi's Harish Raman.
BUSINESS
Apple to move health, fitness divisions to services in reorganization
Services chief Eddy Cue will gain supervision over Apple’s health and fitness teams
BANKING
JPMorgan seeks to accelerate push into payment services in India
JPMorgan is deepening its India play in cross-border payments and transaction banking, to serve both multinational firms operating in India and Indian companies expanding overseas.
COMPANIES
Tata Trusts directors to meet today after New Delhi rebuke over rift
The meeting follows a government-mediated discussion on Wednesday where officials urged representatives of Tata Trusts and Tata Sons Pvt. to settle their differences and avoid disruption to the group’s operations
MARKETS
Asian shares decline, gold trades below $4,000
The dollar steadied after a four-day rally took it to its strongest level since July
ENTERTAINMENT
Netflix brings video games to its TV service for first time
Netflix is specifically offering games that can be played in groups, including Boggle Party, Pictionary: Game Night, Tetris Time Warp and Lego Party
BUSINESS
Warner Music in talks with Netflix for films about its artists
The partnership would represent a shift in strategy for Warner Music, which closed a division that produced films and TV programs earlier this year as part of a cost-saving initiative
ENTERTAINMENT
Jimmy Kimmel thought his show was finished after ABC suspension
The comedian said his comments about Charlie Kirk’s killing were 'intentionally and maliciously mischaracterized' by the political right
BUSINESS
RBI steps up offshore forex defence to shield rupee
The central bank has built up short dollar positions of at least $15 billion in the non-deliverable forwards market over the past two to three weeks
INDIA
DGCA seeks funding, powers like global peers to plug gaps
Currently, the Indian regulator operates with limited manpower resources and funding that’s a fraction of what its global peers receive
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.
