Bloomberg
Bloomberg
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China's economy likely struggled to gain traction despite stimulus
That dynamic will be most evident in retail sales data, which is expected to show a 7 per cent jump year-on-year as it compares to pandemic and lockdown-hit 2022
 "China's economy likely struggled to gain traction despite stimulus")
Faster trains are crucial for India to tap global export markets like China
What has local train travel got to do with exports? A lot, according to Lin Tian at INSEAD in Singapore and Yue Yu at the University Of Toronto
 "Faster trains are crucial for India to tap global export markets like China")
PE firms' $1.5 trn worth of assets trapped in China after market slumps
With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales
 "PE firms' $1.5 trn worth of assets trapped in China after market slumps")
Centre to seek bids for $960 million EV battery production program
The government will seek bids from potential investors next month, they said
 "Centre to seek bids for $960 million EV battery production program")
Ukrainian commander played key role in Nord Stream sabotage: Reports
Oleksandr Syrskyi, commander of Ukraine's ground forces, said on Telegram that Russia is trying to recapture positions they previously lost around Bakhmut
 "Ukrainian commander played key role in Nord Stream sabotage: Reports")
China may end freeze on Boeing 737 Max deal in US ahead of Xi-Biden's meet
A 737 Max agreement would mark an important breakthrough for Boeing, after it lost its market lead in China to arch-rival Airbus SE
 "China may end freeze on Boeing 737 Max deal in US ahead of Xi-Biden's meet")
UBS strategists see far deeper Fed rate cuts than what markets are pricing
The strategists expect the benchmark federal funds rate to fall to between 2.5% and 2.75% by the end of 2024, and see the terminal rate at 1.25% by early 2025
 "UBS strategists see far deeper Fed rate cuts than what markets are pricing")
Centre weighs five-year tax cuts on EV imports to woo Tesla: Report
Opening up the EV segment could speed up the adoption of cleaner transport in a country that currently has the world's most toxic air
 "Centre weighs five-year tax cuts on EV imports to woo Tesla: Report")
With US funding in pocket, Adani plans expansion of overseas port empire
The announcement marked a welcome reprieve for India's Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year
 "With US funding in pocket, Adani plans expansion of overseas port empire")
Elections to disrupt India stocks calm in 2024, says Morgan Stanley
"A potential change in government could lead to changes in the direction of policy reform and execution leading to poor investment sentiment," Morgan Stanley said
 "Elections to disrupt India stocks calm in 2024, says Morgan Stanley")
Google sues five scammers over fake Bard AI chatbot that downloads malware
The company is suing the scammers for trademark infringement because they used Google's logo to promote their scheme. They're also suing for breach of contract
 "Google sues five scammers over fake Bard AI chatbot that downloads malware")
Apple Inc's China sales dip boosts $20 billion Xiaomi market rally
Chinese Android makers are capitalizing as Apple posts sliding revenue in the country, even amid signs that Asia's largest smartphone market is starting to bottom out after years of decline
 "Apple Inc's China sales dip boosts $20 billion Xiaomi market rally")
Goldman upgrades Indian equities citing strategic appeal, downgrades China
The Wall Street bank has downgraded its views on China equities several times this year amid pessimism in the country's stock market
 "Goldman upgrades Indian equities citing strategic appeal, downgrades China")
Hyundai to install new plant in S Korea, to produce 200,000 EVs a year
Hyundai will invest 2 trillion won ($1.5 billion) building the plant, which will cover 548,000 square meters of land at a former motor racing circuit
 "Hyundai to install new plant in S Korea, to produce 200,000 EVs a year")
Boeing in final leg of major deal with Emirates for its wide body 777x jets
The state-owned carrier is among the largest operators of widebody aircraft, using its hub in Dubai as a global link between the US, Europe and Asia
 "Boeing in final leg of major deal with Emirates for its wide body 777x jets")
Climate injustice: There's a US-shaped hole in every feasible solution
With the US unable or unwilling to make any credible commitments, the rest of the world is floundering around trying to compensate for its lack of leadership
 "Climate injustice: There's a US-shaped hole in every feasible solution")
US shutdown risk eased in stopgap plan offered by House Speaker Johnson
The proposal, which omits new funding for aid to Israel and Ukraine, would extend funding for some government agencies to January and others to February
 "US shutdown risk eased in stopgap plan offered by House Speaker Johnson")
One year after FTX imploded, here's how cryptocurrencies are changing
A year on, the industry is irrevocably altered - while at the same time in many ways remarkably familiar
 "One year after FTX imploded, here's how cryptocurrencies are changing")
US, South Korea, Japan to share data on North Korean missile launches
The three sides had previously announced that they were negotiating an agreement on data sharing, but had not finalized a date to begin the project
 "US, South Korea, Japan to share data on North Korean missile launches")
Iceland clears town near Blue Lagoon due to volcanic eruption risk
Authorities have been on alert after weeks of tremors indicated a magma intrusion is forming underground close to Grindavik on the Reykjanes peninsula
 "Iceland clears town near Blue Lagoon due to volcanic eruption risk")
