Section

Business

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

Page 4

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

Business

Wall Street Ends Mixed Near Records as Chip Stocks Slide, Oil Climbs and Traders Await Wednesday's Inflation Report

The Dow gained about 196 points on a day when the bond market was shut for the holiday, while semiconductors fell and Brent topped $106 after the Riyadh airport strikes.

Oct 13, 2026/2 min read

The facade of the New York Stock Exchange on Wall Street in New York City with a large American flag, photographed in July 2012, a file photograph and not from Monday's trading

Business

Robert Hall and Michael Woodford Win the Nobel Prize in Economics for Models That Steady Economies

Two American economists who modelled how households and firms form expectations took the 2026 economics Nobel, as central banks face an energy shock and a debate over how much to say.

Oct 12, 2026/2 min read

The main building of the Royal Swedish Academy of Sciences, which awards the economics prize, in the snow at Frescati in Stockholm, photographed in 2006, a file photograph and not from Monday's announcement

Business

Nasdaq Falls 1.25% as the FT Puts OpenAI's Annualized Revenue Near $50 Billion, Not $70 Billion

A report that OpenAI's run-rate sales are about $20 billion below the figure investors had been quoting pulled chip and cloud stocks down, while bond yields and oil stayed high.

Oct 9, 2026/2 min read

Business

Treasury Yields Hit a 24-Year High, Waller Says More Fed Rises Are Coming, and the 30-Year Auction Clears at 5.618%

Two bond auctions in two days drew buyers at levels not seen for decades, yet the Fed's Christopher Waller says more rate rises are likely and oil kept the inflation worry alive.

Oct 9, 2026/2 min read

The rear of the United States Treasury Department building in Washington, D.C., photographed in May 2008, a file photograph illustrative of the department that auctions Treasury debt and not of this week's sales

Business

Samsung's 107 Trillion Won Quarter Outearned Nvidia, and Its Shares Fell 2.4 Per Cent Anyway

Preliminary operating profit nearly nine times last year's could not lift Seoul's chip stocks, with US yields at 24-year highs and foreign investors selling Samsung for an eighth session.

Oct 8, 2026/3 min read

The glass office towers of Samsung's headquarters in Seoul, photographed in June 2009, a file photograph of the group's Seoul complex and not of the earnings announcement

Business

McKesson and CD&R Agree to Take Option Care Health Private in a $5.8 Billion Home Infusion Deal

The drug distributor will own 49 per cent and the buyout firm 51 per cent of the biggest independent home infusion provider, with a route for McKesson to take the rest later. Shares jumped a third.

Oct 7, 2026/2 min read

The McKesson Medical-Surgical corporate campus in Richmond, Virginia, photographed on 2 June 2017, a file photograph of a McKesson site and not of Option Care Health

Business

Nippon Paint Agrees to Buy AkzoNobel's Southeast Asian Paints Business for $1.35 Billion

The Japanese group walks away with a narrower prize than the whole decorative division it once chased. AkzoNobel expects about $1 billion in net cash and says the sale ends its review of Asian decorative paints.

Oct 5, 2026/2 min read

AkzoNobel's headquarters building in Amsterdam, photographed in May 2019

Business

OPEC+ Seven Hold November Oil Output Steady as the Closed Strait of Hormuz Keeps Brent Above $100

Saudi Arabia, Russia and five other members agreed on Sunday to leave production unchanged for November and to meet again on 1 November, two days after the G7 announced its own emergency oil release.

Oct 4, 2026/2 min read

The entrance to the OPEC headquarters in Vienna, photographed in October 2021 and not a picture of this weekend's meeting