Tech lifts Asian shares as oil slides; yen soft amid intervention watch
Asian equities rose on tech strength, oil fell on rising Middle East supply, and the yen stayed weak amid intervention caution.
Economy
South Korea's Lee to Address UN, Hold Mexico Summit With Sheinbaum
South Korean President Lee Jae Myung will attend the UN General Assembly and hold a summit with Mexico's Claudia Sheinbaum during a September 21-27 trip.
Australia Forecasts Deaths to Outpace Births by 2060s as Population Ages
Australia's Treasury projects deaths will exceed births for the first time in the 2060s, with population growth slowing to 0.9% annually as immigration and fertility decline.
US Proposes AI Incident Alert System in Talks With China Ahead of Trump-Xi Meeting
The US has proposed a notification mechanism for AI incidents affecting national security, Bessent said after talks with China's vice premier in New York.
Yen Steadies as Tokyo Intervention Watch Intensifies After BOJ's Dovish Hike
The yen firmed slightly after last week's sharp fall, as reported rate checks and a dovish BOJ hike kept intervention speculation alive.
Bangladesh Hikes Fuel Prices by Up to 17.4% as Global Oil Costs Surge
Bangladesh raised fuel prices by as much as 17.4% effective Monday, citing costlier global oil and higher freight charges linked to Middle East instability.
New World Development Wins SSE Nod for Shanghai REIT Spin-Off
New World Development has received Shanghai Stock Exchange approval to spin off a REIT backed by its Shanghai Huaihai property project.
US Proposes AI Safety Notification Mechanism in Talks With China
US Treasury Secretary Scott Bessent proposed a US-China AI safety notification mechanism during talks with Vice Premier He Lifeng in New York.
Three Years After China's Gallium and Germanium Curbs, the West Is Still Waiting for Supply
China's 2023 curbs on gallium and germanium exports still weigh on Western buyers, with prices far above pre-curb levels and new supply years away.
Oil Prices Slip as Saudi Export Recovery Offsets Houthi Attacks
Oil prices fell on Monday as investors weighed Saudi Arabia's export recovery via the Strait of Hormuz against escalating Middle East tensions from Houthi attacks.
Volvo Cars CEO to Exit, Chevron Ramps Up Drilling: Key Business Developments
Volvo Cars CEO Hakan Samuelsson to step down; Chevron to boost drilling; CATL develops US truck batteries; Legend Holdings sells Luxembourg bank stake.
Four Chinese Firms Seek $1.83 Billion in Hong Kong Listings
Four Chinese companies aim to raise up to HK$14.35 billion ($1.83 billion) through separate Hong Kong listings, with RoboTechnik accounting for the largest share.
US and China Hold New York Talks on Trade and AI, Bessent Calls Meeting Successful
US and Chinese officials met in New York on Sunday to discuss trade and AI, with Treasury Secretary Scott Bessent describing the talks as successful.
Vietnam enters FTSE Russell emerging market index, eyes $6 billion inflow
Vietnam's stocks have been added to FTSE Russell's emerging market indexes, a milestone expected to draw up to $6 billion in foreign investment.
Ingenia Board Rejects Warburg Pincus's Improved A$2.06 Billion Takeover Offer
Ingenia Communities Group has turned down Warburg Pincus's revised A$2.06 billion all-cash offer, saying it undervalues the firm and conflicts with its planned Peet acquisition.
Tata Sons-Tata Trusts rift heads to court as Salve and Singhvi enter fray
Senior advocates Harish Salve and Abhishek Manu Singhvi are set to represent Tata Sons and Tata Trusts respectively as their dispute moves toward litigation.
Europe Braces for Q4 Jet Fuel Deficit as South Korea Emerges as Key Supplier
Europe faces a fourth-quarter jet fuel deficit of 510,000 bpd even as South Korea ramps up exports to a four-year high.
Malaysia to Press Listed Firms on El Nino Readiness, Eyes Middle East Ties
Malaysia's Securities Commission will ask major listed companies to disclose their El Nino preparations and is exploring closer ties with Middle East regulators.
Tera Portfoy Says Repayments Underway as Turkey Extends Fund Liquidation
Tera Portfoy says it has repaid some investors but faces delays, as Turkey's markets regulator extends the liquidation of 131 funds to six months.
Sampat Singh criticises BJP's Seva Sankalp Abhiyaan, alleges misuse of state machinery
INLD patron Sampat Singh on Sunday criticised the BJP's Seva Sankalp Abhiyaan, alleging misuse of state machinery and public funds.