Section

Business

Markets, industries, and the forces reshaping the region's economy.

Page 4

Business

Jio Platforms Raises Rs 8,110 Crore From Anchors at the Top of Its Range as India's Biggest IPO Opens

Mutual funds, insurers and sovereign investors took about Rs 8,110 crore at Rs 1,119 a share on Monday; the public offer of roughly Rs 30,200 crore runs from Wednesday to Friday.

Oct 21, 2026/2 min read

The Mumbai skyline with the Rajabai Clock Tower in the foreground under a stormy sky, photographed on 25 October 2020, a file photograph illustrative of Mumbai and not of Jio Platforms' offices

Business

Netflix Beats on Profit, Then Slides After Hours as It Trims Its Ad Forecast and Guides Lower

A record 34.6 percent operating margin and a $4.8 billion buyback were not enough: weaker fourth-quarter guidance and a lower ad target sent the stock down about 5 percent after the bell.

Oct 21, 2026/2 min read

The Netflix headquarters building in Los Gatos, California, with the company's name on its entrance wall, photographed on 6 July 2008, a file photograph of the building and not from this week's results

Business

Wall Street Rebounds as AI Stocks Recover, With the Nasdaq Up 1.1% and the 10-Year Yield Above 5.15%

Chip and AI shares clawed back part of last week's rout on Monday while most other stocks slipped, and Europe fell after the weekend's unrest in France.

Oct 20, 2026/2 min read

The entrance of the New York Stock Exchange on Wall Street with an American flag and street signs, photographed on 17 May 2012, a file photograph and not from Monday's trading

Business

CoreWeave Shares Fall 25 Percent in a Week as Its Bonds Flash Warning Signs for AI's Borrowers

A roughly $50 billion debt load, a bond yield that briefly topped 16 percent and a record price for insuring its debt have turned a data-centre darling into a test of the AI funding model.

Oct 18, 2026/2 min read

Rows of rack-mounted servers with green network cables inside a data centre cabinet, photographed on 20 June 2013, a file photograph illustrative of data-centre hardware and not of CoreWeave's facilities

Business

Nasdaq Ends Its Worst Week Since June as Chip Stocks Slide and Oil Climbs Toward $110

The Nasdaq lost 4.5 percent over five days and the S&P 500 1.9 percent, while Brent touched its highest settle since May and the market's fear gauge jumped above 22.

Oct 18, 2026/2 min read

The columned facade of the New York Stock Exchange on Wall Street in New York, photographed on 29 June 2024, a file photograph and not from Friday's trading

Business

ECB Clears UniCredit to Go Past 30 Percent of Commerzbank, Opening the Way to Control by Year-End

The European Central Bank lifted the ceiling on UniCredit's holding in its German rival, but Commerzbank still opposes the bid, Berlin wants guarantees and three approvals remain.

Oct 17, 2026/2 min read

The Commerzbank Tower in Frankfurt rising above neighbouring office buildings under a blue sky, photographed on 10 July 2019, a file photograph of the German bank's headquarters tower and not from this week

Business

Indonesian Stocks Plunge Nearly 12 Percent, the Worst Day Since 1998, After MSCI Floats a Downgrade to Standalone Status

The Jakarta Composite halted for 30 minutes and closed at 5,185 as MSCI opened a consultation that could drop Indonesia below frontier markets, with passive outflows of billions at stake.

Oct 16, 2026/2 min read

Business

Kospi Plunges Almost 8 Percent and the Nikkei Falls 5 Percent as the Tech Sell-Off Spreads to Asia

Samsung and SK Hynix both lost more than 11% in Seoul after Wall Street's worst day since July, and analysts and the IMF warned that Asia is heavily exposed to the AI boom.

Oct 15, 2026/2 min read

Skyscrapers of the Yeouido financial district in Seoul across the Han River, with the dome of the National Assembly building at right, photographed on 28 May 2024, a file photograph and not from Thursday's trading

Business

Hot September Inflation Report Hands the S&P 500 Its Worst Day Since July as AI Stocks Sink

Consumer prices rose 3.7% from a year earlier, led by gasoline, and Wall Street sold chip and AI names hard while traders raised bets on another Fed rate increase.

Oct 15, 2026/3 min read

A gasoline price board reading $4.03, $4.15 and $4.25 for regular, premium and super at a Cumberland Farms station in Lewiston, Maine, an undated file photograph illustrative of US pump prices and not of September's inflation data

Business

Jio Platforms Sets IPO Price Band at Rs 1,065 to Rs 1,119, Opening Subscription on 21 October

Reliance's telecom and digital arm filed its red herring prospectus on Wednesday, fixing the terms of an issue that would be the largest public share sale India has seen.

Oct 14, 2026/2 min read

Business

Starbucks Says It Is Not Buying Chipotle, Ending a Four-Day Takeover Story and Costing Chipotle About 4 Percent

A one-line denial from the coffee chain on Monday undid the premium that an FT report put on Chipotle shares, and it left both companies facing the same question about growth and traffic.

Oct 13, 2026/2 min read

A Chipotle restaurant in Albany, Oregon, photographed in July 2026, a file photograph of one of the chain's outlets and not of any location linked to the takeover report