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Latest news from trusted sources around the world

Economy Bloomberg
SoftBank-Backed OfBusiness Said to Weigh Reviving India IPO

OFB Tech Pvt, the operator of technology supply chain and financing platform OfBusiness, is considering reviving plans for an initial public offering that could raise …

Economy Bloomberg
US Copper Trades Near Record on Tariff Risks, Hormuz Speculation

Copper futures on New York’s Comex traded just short of an all-time high as investors awaited a decision on US tariffs, while also tracking a …

Economy Bloomberg
Mitsubishi UBE Cement Is Said to Plan for December Tokyo Listing

Mitsubishi UBE Cement Corp. is planning to go public as soon as December, according to people familiar with the matter, five years after being formed …

Economy Bloomberg
Rhodium: China Leads US in Key Tech Stack Areas

A Rhodium Group analysis shows China leads the US and other G7 nations in several key areas of AI development, despite lagging behind in chips. …

Economy Bloomberg
US-Iran Deal Hope Grows; SpaceX Sinks After AI Splurge | The Asia …

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live …

Economy Financial Times
Trump trapped between escalation and an Iran deal on Tehran’s terms

The US president faces few good options to exit a war he once said would end swiftly with the Islamic republic’s surrender

Economy Bloomberg
Gold Jumps With Silver as Markets Track Push to Reopen Hormuz

Gold gained for a third day, as the prospect of an interim deal to reopen the Strait of Hormuz eased concerns about the outlook for …

Economy Financial Times
OpenAI and Anthropic models went rogue in cyber tests, UK watchdog says

AI Security Institute warns tools undertook ‘potentially harmful activity directed at real people and organisations’

Economy Financial Times
US revokes visa for Brazilian ambassador

Retaliatory move deepens diplomatic rift ahead of South American nation’s October elections

Economy Bloomberg
S&P 500 Edges Lower After $3.7 Trillion Advance: Markets Wrap

Wall Street’s blistering run took a breather, with traders digesting the recent stock gains and monitoring any hints of progress toward a deal to revive …

Economy Financial Times
Trump’s ex-lawyer poised to become attorney-general after ‘slush fund’ U-turn

Todd Blanche’s nomination clears US Senate panel as Republican holdouts drop objections

Economy Financial Times
‘Two very different characters’: Miliband and Rubio to meet in Washington

Foreign secretary to discuss Strait of Hormuz, Ukraine and Gaza with US counterpart

Economy Bloomberg
Whale Rock Sank 22% as AI Selloff Crippled Hedge Fund Returns

Whale Rock Capital Management’s flagship hedge fund is one of the biggest losers in last month’s AI selloff, with a 21.7% drop in July erasing …

Economy Bloomberg
Compass Shares Jump on Cost Savings, Transaction Growth

Compass Inc. shares jumped as much as 15% in post-market trading after the real estate services firm said cost savings from the acquisition of competitor …

Economy Bloomberg
Wynn’s New Middle Eastern Resort to Open in September 2027

Wynn Resorts Ltd. said its first casino located in the Middle East will now open in September of next year.

Economy Financial Times
Trump administration refunds $100bn in ‘liberation day’ tariffs

US customs officials repay about 60% of the levies that were struck down by the Supreme Court

Economy Bloomberg
Apollo Invests $1 Billion in Joint Venture With Starwood REIT

Apollo Global Management Inc. is investing $1.02 billion in a joint venture with Starwood Real Estate Income Trust, a commercial property vehicle known as SREIT …

Economy Bloomberg
Prudential Tops Estimates as Revenue From Asset Manager Soars

Prudential Financial Inc. reported second-quarter results that beat Wall Street estimates as revenue from its asset manager surged.

Economy Financial Times
US cannot ‘stay isolated’ from Chinese EV competition, warns Lucid CEO

Carmaker’s new boss predicts industry ‘shakeout’ and announces $1.4bn cost-cutting programme

Economy Financial Times
US stocks jump after Bessent says deal to reopen Hormuz is imminent

S&P 500 hits record high as Iranian and Omani negotiators agree on temporary shipping arrangement

Economy Financial Times
UK to strip back procurement rules to focus on job creation, says …

Andy Burnham’s de facto deputy PM says requirements for businesses vying for Whitehall contracts will be streamlined

Economy Bloomberg
SpaceX Is Wall Street’s Frothiest Trade: Sloan

Short-sellers are making a massive bet against SpaceX. Bob Sloan S3 Partners Founder & Managing Partner calls it one of the frothiest trades the market …

Economy Financial Times
Saudi-Israel tensions could frustrate India’s IMEC dreams

Modi banked on an India-Mediterranean corridor to rival China’s Belt and Road, but politics is getting in the way

Economy Bloomberg
South Africa Seeks Adviser for Eskom Spin-Off Creditor Talks

South Africa will hire advisers in the coming weeks to begin negotiations with lenders on a plan to spin off state-owned power utility Eskom Holdings …

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