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India poised for record-breaking IPO month in October with $5 bn in deals

Big-ticket deals, including billion-dollar offerings from Tata Capital Ltd. and LG Electronics Inc.'s local unit, are boosting confidence that India's $5 trillion stock market

LG Electronics India seeks $8.7 billion valuation in October IPO

LG Electronics India Ltd. got regulatory approval for its updated draft red herring prospectus on Thursday and filed the final version on Tuesday

Trump sets new tariffs on lumber, wood products in bid to boost US industry

Trump said the planned actions will 'strengthen supply chains, bolster industrial resilience, create high-quality jobs and increase domestic capacity utilization for wood products'

US consumer confidence drops to five-month low on job market worries

The Conference Board's report showed the share of consumers saying jobs were plentiful declined to the lowest level since February 2021

Toyota claws back China market share with $15,000 electric vehicle launch

The world's biggest carmaker notched another bumper month of sales in August, putting it on track for its first annual growth in China in four years

South Africa, Nigeria set to exit FATF's 'grey list' in October plenary

The two nations were put under heightened scrutiny by the Financial Action Task Force in February 2023 for shortcomings in tackling illicit financial flows

India must grow twice as fast to avoid jobs trap, warns Morgan Stanley

The South Asian nation's labour market is facing a dual challenge of unemployment and underemployment, Morgan Stanley economists led by Chetan Ahya wrote in a note

Foreign investors exit Indian stocks at record pace amid tariff woes

Overseas investors have pulled a net $16.8 billion from local shares this year through Sept. 26, nearing the record set in 2022

Alibaba in talks to acquire Hong Kong office in $900 million deal

Alibaba and its affiliates are currently leasing 10 floors at Times Square in Causeway Bay, with their tenancy set to expire in 2028

Tata Steel eyes 6.5 billion euro agreement to cut emissions at Dutch plant

Regulators have threatened fines and the closing of one of the plant's coke facilities if Tata Steel fails to significantly reduce toxic emissions this year

RBI rate cut back in play as inflation eases after tariffs: Policy guide

The six-member monetary policy committee, led by Governor Sanjay Malhotra, will need to juggle a number of competing objectives this week

US SEC chief vows to fast-track plan to end quarterly results reporting

Trump floated the idea of jettisoning quarterly reporting earlier this month, though it wasn't the first time he'd proposed such an idea

US Treasury's gold reserves hit $1 trillion in value after record rally

The world's biggest gold stash passed the milestone after prices rose above $3,824.50 an ounce on Monday, in a 45% rally this year

Huawei to double output of top AI chip as Nvidia faces hurdles in China

If Huawei can hit those targets, it would represent a technical breakthrough for a company regarded as China's best hope of weaning itself off the foreign chips that power the world's No. 2 economy

Air India raises $215 million from StanChart, Bank of India for refinancing

The loan comes after an Air India plane crash in June was one of the worst aviation accidents in the country, initially causing talks for fund raising to slow

Deutsche Lufthansa to cut 4,000 jobs, raises profitability targets

The job reductions will occur through digitalization, automation and process consolidation, with a majority of reductions in Germany

Chinese firms' low profit margins face new risks from Trump tariffs

The net profit margins of US listed companies in tradeable goods averaged around 12 per cent last year, more than double the 4.9 per cent of their Chinese peers

Vedanta plans bond sale to repay costly private debt, lower costs

Vedanta seeks to tap the dollar bond market as junk-rated Asian borrowing costs hit a four-year low, aiming to refinance private debt it borrowed at 18 per cent interest in 2023

ECB mulls reprieve for Deutsche, BNP amid India bond clearing row

Lenders are discussing a potential solution with the ECB about easing charges imposed after Europe's markets agency withdrew recognition of the CCIL and other agencies three years ago

Tata Group loses $75 bn in market value, slides to 2 yr low as risks grow

The group lost about $20 billion, over a fifth of this year's total decline, since Sept 19 after President Donald Trump tightened US work-visa rules, weighing on Tata Consultancy Services Ltd