INDIA
India's $175 billion pension industry resists new bond valuation rules
The issue is how pension asset managers value government securities in their funds, which are currently accounted for at the latest market price
BUSINESS
JPMorgan set to open first new India branch in nearly a decade
The lender has gotten an in-principle approval from the Reserve Bank of India to establish its fourth branch in Pune
BUSINESS
India lets $177 billion of pensions access far more assets
The move is expected to improve diversification and liquidity across portfolios as assets under management surge.
BUSINESS
China silver-fund manager issues risk warnings as premiums soar
The metal has been buoyed by supply tightness after a historic short squeeze in October.
BUSINESS
Google DeepMind will open a robotic AI lab in UK to discover new materials
The facility, which will open in the UK next year, is the centerpiece of a broad partnership with the British government Alphabet Inc.’s Google announced on Thursday
BUSINESS
Mexico approves up to 50% tariffs on Indian, Chinese imports
Mexico’s Senate voted in favor of the bill that imposes tariffs of between 5% and 50% on more than 1,400 products from Asian nations that don’t have a trade deal with Mexico
MARKETS
Asian stocks advance as US Fed’s rate cut lifts mood
The MSCI Asia Pacific Index rose 0.5% in early trade, led by the tech and financial sectors
WORLD
Trump discusses Ukraine plan with Europeans as talks intensify
European leaders, who met in London earlier this week, had tasked their national security advisers with producing further proposals to send to the US based on negotiations between Trump’s envoys and Ukrainian officials.
BUSINESS
Netflix is looking to borrow heavily again to fund Warner Bros. deal
Paramount’s hostile takeover bid may win over Netflix, in which case Netflix would be stuck paying a $5.8 billion penalty in the form of a breakup fee, without gaining a new business that would boost its revenue.
BUSINESS
Elon Musk’s fortune would more than double on $1.5 trillion SpaceX
Elon Musk's total fortune would be $952 billion, up about $491 billion from its current level, according to the calculations, which use a $1.5 trillion pre-money valuation for its estimate.
BUSINESS
Inside Meta’s pivot from open source to money-making AI model
Meta’s strategy shifted dramatically earlier this year after the company released Llama 4, an open-source model that disappointed Silicon Valley and Zuckerberg
TECHNOLOGY
Amazon raises India investment pledge to $35 billion by 2030
The US e-commerce giant will invest in areas such as artificial intelligence and logistics infrastructure, it said in a statement
BUSINESS
Mario Gabelli signals support for Paramount in Warner fight
In an interview, Gabelli said Paramount will ultimately have to increase its $30-a-share bid for Warner Bros. and that Netflix Inc. will also likely counter with a higher offer.
MARKETS
Retail traders feel the strain as India’s small caps stumble
Individual investors are dumping small-cap shares, making these vulnerable to more losses in the coming year
BUSINESS
Netflix vs Paramount: Warner Bros.’ bidders brace for a fight that will last months
Warner Bros. was given 10 business days to respond to Paramount’s hostile $30-a-share bid for the company on Monday
BUSINESS
US Fed's rate cut this week may be last for a while
A new set of economic projections will likely show continued division among policymakers
BUSINESS
Edelweiss to tap small-town India in race to capture new wealth
Edelweiss’s push into smaller cities is part of the country’s financialization boom that has given rise to a growing equity culture
IPO
Meesho to debut after $603 million IPO as India deals hit record
The SoftBank Group Corp.-backed firm raised Rs 5,420 crore ($603 million) in its initial public offering that was fully subscribed on the first day of book building
BUSINESS
Pakistan set for up to 16 IPOs as three-year stock rally tops 300%
Two of the country’s prominent investment banks — Arif Habib Ltd. and Ktrade Securities Ltd. — have a combined pipeline of as many as 16 IPOs over the next seven months
WORLD
Trump, seeking economic reset, insists smart people back tariffs
The president and his aides have acknowledged the need to sharpen their economic messaging, a tacit acknowledgment of how voter sentiment on the economy has become a challenge for the president
BUSINESS
SpaceX to pursue 2026 IPO raising far above $30 billion
The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing.
WORLD
Asian stocks edge higher as investors await US Fed's decision
Benchmark share indexes in Japan and South Korea both gained, while US equity futures were little changed after the S&P 500 closed almost flat Tuesday
BUSINESS
Wall Street Holds Off on Big Bets Ahead of Fed Day: Markets Wrap
Money markets are pricing around two cuts in 2026 after a likely quarter-point reduction tomorrow — a retreat from more optimistic forecasts in recent weeks.
WORLD
Pentagon picks Google AI platform for its millions of employees
The new platform, known as GenAI.mil, is designed to usher in an “AI-driven culture change that will dominate the digital battlefield for years to come,” the Pentagon said in a statement.
