Reuters

Nvidia-backed Firmus scraps $5 bn Australia IPO amid growing AI scrutiny

Nvidia-backed Firmus has scrapped its planned $5 billion Australian IPO amid investor concerns over its valuation, debt burden and ambitious AI data centre expansion plans.

China vows to curb tech investment bubbles, keep AI risks under check

China will curb tech investment bubbles, strengthen core technology breakthroughs and ensure AI remains safe and controllable, holding officials accountable for major losses caused by blind investment

American Express fined $350 mn for weak anti-money laundering system

The OCC and Federal Reserve fined American Express $350 million over anti-money laundering compliance failures, saying the lender failed to adequately report roughly $13 billion in suspicious activity

Trump says US will not attack Iran before November midterm elections

Trump says US-Iran discussions are productive and rules out an attack on Iran before the November 3 midterm elections, while the US blockade of Iranian ports remains in effect.

Customs withholds 1,500 tonnes of soybeans over Niger origin claims

India allows duty-free imports from countries categorised as least-developed, such as Niger

Apple cuts iPhone 18 Pro component orders by 15% amid weak demand

The iPhone maker has turned more conservative on shipments since early ‌September, with component orders for October ​being slashed by at least ​15% compared with what was originally requested

US green-card suspension poses little risk to Indian IT firms: Analysts

US' move, targeting the Permanent Labor Certification programme, is ‌part of a broad effort to reduce the number of foreign-born people in the US and curtail their pathway to residence and citizenship

OpenAI's Sep annualised revenue nears $50 billion, below earlier estimate

The company previously indicated to investors at a separate event that its revenue run rate for last ‌month was approaching $70 billion

Oil prices fall as Trump comments on Iran talks ease supply concerns

Brent crude ‌futures fell 72 cents, or 0.7%, to $103.53 a barrel by 0220 GMT. US West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.6%, to $90.97

SpaceX takes aim at US wireless carriers with spectrum acquisition

SpaceX has agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio, strengthening Starlink Mobile's push to deliver satellite connectivity directly to standard phones

Global shares slip as oil prices jumps and bond yields remain high

Wall Street's main indexes fell, with the S&P 500 down about 0.5% ​and the Nasdaq off nearly 1.3%

Meta bans TikTok advertisements on its platforms in US, six other countries

The move marks an escalation in the long-running rivalry between Meta and ByteDance, whose video-sharing app TikTok has emerged as one of Meta's most formidable competitors for user engagement

US, Russia discuss Nord Stream gas flows to Europe amid Ukraine war

US and Russian officials discuss bringing a US investor into Nord Stream pipelines, raising the prospect of renewed Russian gas flows to Europe after the Ukraine war.

TSMC Q3 revenue surges 50% to $46.71 billion, beats market forecast

TSMC reports record third-quarter revenue of $46.71 billion, beating market estimates as surging demand for AI applications drives chip sales.

PepsiCo cuts forecast, deepens cost cuts as North America recovery lags

PepsiCo cuts its 2026 core earnings forecast and plans deeper cost reductions as weak North American demand and margin pressure delay its turnaround.

Samsung sees record $80 bn quarterly profit as AI chip demand surges

Samsung forecasts record Q3 profit of 107.4 trillion won as AI-driven memory chip demand fuels earnings, while tight supply and rising chip costs pressure its smartphone business.

India inflation likely rose to 5.4% in Sep on food, energy costs: Poll

Consumer inflation is expected to have risen to 5.4% in September from 4.82% in August, as higher food and crude oil prices add to inflationary pressures

Asian shares fall as rising oil prices, tech debt plans weigh on markets

Asian equities came under pressure as rising oil prices pushed up bond yields, while plans by SpaceX, Broadcom, and Oracle to raise billions added to funding concerns

Oil prices rise as West Asia shipping attacks fuel fresh supply concerns

Brent crude rises to $101.53 a barrel as attacks on tankers in the Gulf and Strait of Hormuz intensify, raising concerns over supply risks despite plans to release emergency oil stocks

Markets can be irrational in short term, rupee may be undervalued: RBI Guv

Malhotra said financial markets can be irrational in the short run and noted that measures including the REER suggest the rupee may be undervalued