BUSINESS
Chinese firm backs Saudi Arabia’s $1 billion culture push
Tourism, which makes up about 5% of the domestic economy, is expected to be a major growth engine as Saudi Arabia seeks to attract more foreign visitors
BUSINESS
OpenAI valuation soars to $500 billion, topping Musk’s SpaceX
Current and former OpenAI employees sold about $6.6 billion of stock to investors including Thrive Capital, SoftBank Group Corp. among others.
BUSINESS
Hackers extort executives after claiming Oracle apps breach
A group of hackers claimed to have breached Oracle’s E-Business Suite, which runs core operations including financial, supply chain and customer relationship management
BUSINESS
European Union to ramp up tariffs on steel imports, mirroring US duties
Steel imports beyond those quotas will be subject to the new tariff rate, which will mirror the policy of other jurisdictions such as the US, which imposes a 50% duty on imported steel
BUSINESS
Gold holds five-day rally on Fed cut bets, US shutdown concerns
Bullion traded near $3,860 an ounce, about $35 below a peak set on Wednesday, with the suspension in federal operations threatening to create a blackout in crucial economic figures that the Fed needs to make rate decisions
BUSINESS
Asian shares gain, tech rallies on Samsung-OpenAI
Treasuries held their gains, spurred by private payrolls data that reinforced bets the Federal Reserve will lower interest rates this month.
BUSINESS
US Govt shutdown: Impact on TSA, social security, courts
Congress failed to approve new spending before the fiscal year begins Wednesday, triggering the first government shutdown since 2018-2019
BUSINESS
US manufacturing activity contracts for seventh straight month
The group’s orders index slid 2.5 points to 48.9, slipping back into contraction territory after expanding a month earlier for the first time since January.
BUSINESS
London drops out of top 20 IPO markets after falling behind Mexico
As recently as 2013, UK IPOs accounted for more than half of the European fundraising total. That share has dwindled to 3% this year, according to data compiled by Bloomberg.
BUSINESS
Indian shares to post mild gains in fourth quarter, shows survey
The informal survey, conducted last week, signals a shift in investor view on India. A separate survey showed a recent momentum in Chinese stocks may cool, with the CSI 300 Index likely to post a modest 1.2% rise by the year end.
BUSINESS
Trump trade chief Greer expects US to ink more deals during Asia trip
t was unclear if Greer was referring to previous deals or new pacts in his remarks. He added that the US has already announced some high-level details of deals he expects Trump to announce.
BUSINESS
Pfizer gets three-year reprieve from Trump pharma tariffs
Pfizer will sell some drugs at a 50% average discount on a direct-to-consumer website called TrumpRx, an initiative intended to allow Americans to pay for prescriptions at discounted rates negotiated by the government.
INDIA
India’s best monsoon in five years fuels hopes for good harvests
Rainfall from June to September, which irrigates about half of the country’s farmland and is important for the next planting season, was 937.2 millimeters.
BUSINESS
RBI rate cut back in play after tariffs
Economists see scope for the repo rate to drop as low as 5% in this cycle
BUSINESS
Zijin Gold soars in HK debut after world’s top IPO since May
The shares climbed as much as 66% to HK$119 on Tuesday.
BUSINESS
China factory activity improves but slump extends to six months
The official manufacturing purchasing managers’ index was 49.8, versus 49.4 in August, the National Bureau of Statistics said Tuesday
BUSINESS
Boeing plans new airplane to succeed 737 Max, WSJ reports
The company has also appointed a new senior product leader within its commercial aircraft division, whose previous role was developing a new type of aircraft
BUSINESS
Japan’s output falls as US tariffs drag on global outlook
Industrial production dropped 1.2% from the previous month, following the same pace of decline from July, the Economy Ministry reported Tuesday
BUSINESS
Jennifer Garner’s baby food firm files for IPO as sales grow
The company makes kid-friendly pouches of no-sugar-added, organic, refrigerated fruit and vegetable puree, as well as bars, frozen meals and smoothie packets.
BUSINESS
Google to pay $24.5 million to end Trump’s January 6 ban lawsuit
The settlement disclosed Monday ends Trump’s long-running legal challenge to the suspension.
MARKETS
Tata group loses $75 billion in market cap as risks grow
The combined market value of the biggest Indian conglomerate’s 16 firms dropped to its lowest in nearly two years on Friday
IPO
Hong Kong and India drive banner year for equity capital markets
After a slow start to the year, IPOs in India fetched over $6 billion in the third quarter, more than the first six months of 2025 combined, data compiled by Bloomberg show
WORLD
Citi’s Wall Street rebound turns Raghavan into CEO contender
Citigroup has scaled the M&A advisory ranking and displaced rivals on at least two recent deals
BUSINESS
Gold holds near record as traders weigh US shutdown, Fed rates
Bullion traded near $3,773 an ounce as markets opened on Monday, less than $20 shy of a record-high reached last Tuesday
