Jio seeks up to $3.2 billion in potential record Indian IPO
The offering opens October 21, with Jio planning to direct up to ₹275 billion toward repayment of its telecom subsidiary’s debt.
Globe And Street: global business and finance news
Tech
Flock CEO says customer misuse has not led to contract terminations
Garrett Langley said widespread abuse could prompt Flock to drop a customer, as its license plate surveillance network faces privacy concerns.
Companies
CoreWeave CEO points to backlog's debt support as shares fall
The AI cloud provider's shares closed around 15% lower on October 14, while media reports described pressure on its bonds.
- WorldEU-China agreement limits hybrid car exports and eases rare earths licensing
- MarketsAI shares fall after US inflation report as borrowing concerns grow
- Economy & PolicySingapore holds monetary policy steady, narrows inflation forecast
- CompaniesCoreWeave CEO points to backlog's debt support as shares fall
- IPO & DealsJio seeks up to $3.2 billion in potential record Indian IPO
- Energy & CommoditiesOil rises as Saudi supply concerns outweigh Russian diesel prospects
- Crypto & Digital AssetsFrench lawmakers back crypto exit tax, but budget hurdle remains
- FinanceSEC proposes restoring most fixed-income cross trades for registered funds
- TechFlock CEO says customer misuse has not led to contract terminations
EU-China agreement limits hybrid car exports and eases rare earths licensing
The deal allows 350,000 Chinese hybrid cars into the EU annually under quotas, as officials question whether concessions will slow work on stronger trade defenses.
AI infrastructure shares fall as US rate hike expectations rise
Nebius fell 15.1% and CoreWeave lost 9.5%, while default-insurance costs for some AI companies reached record highs.
Singapore holds monetary policy steady, narrows inflation forecast
MAS left its exchange-rate settings unchanged after tightening in April and July, despite all 10 analysts in a pre-decision poll expecting another move.
ASML lifts annual sales forecast as chip tool demand strains capacity
Customers are showing interest in deliveries for 2029 and 2030, while ASML says its planned production increases will not be enough.
Televisa plans $2 billion AT&T Mexico acquisition with Fintech
Scotiabank estimates the purchase would lift Televisa’s share of Mexico’s fixed and wireless subscribers to 19% from 8%.
Oil rises as Saudi supply concerns outweigh Russian diesel prospects
Brent gained 0.8% to $106.58 a barrel as traders assessed fighting involving Saudi Arabia and the potential for more Russian diesel exports.
French lawmakers back crypto exit tax, but budget hurdle remains
Committee proposals would cover crypto holdings above €800,000 and require disclosure of some self-custody wallets. They must be resubmitted after a budget vote.
SEC proposes restoring most fixed-income cross trades for registered funds
The proposal would revise pricing and oversight requirements and add aggregate reporting of trading activity.
CBA chief calls for Australia to retain more economic benefits from AI
The bank is expanding its use of AI as the Australian government prepares laws covering data centers, copyright and cybersecurity from early 2027.