Finance

Original title: Rao: China Remains India’s Biggest Challenge 00:00 Let me start off by asking you whether you think it actually is plausible for India and China to move towards a partnership away from a rivalry. Well, a very good morning to you, Jomana. And let me just start by saying that one needs to sort of really get this inside correct, because so, you know, if you were to just take out all context and look at this as a reset, I think we are going to get all our conclusions wrong. What we are seeing happening in China, you know, in the last couple of days is a tactical management from India’s side. It is about signaling and not substance. Please remember, China remains to be our biggest challenge. Okay. China claims about 90,000 kilometers, square kilometer of our territory in the eastern sector. It claims 38,000 square metre of territory in the western sector and illegally occupies more than 5000 square kilometers of territory today. However, having said that recently, India’s experiences offshore operations in door have shown us that Chin ...

Original title: Gold and Silver Jump as September Rate-Cut Momentum Builds Gold held just below a record as traders weighed the future of the Federal Reserve and uncertainty around US President Donald Trump’s tariffs ahead of key US jobs data due later this week. Bullion was near $3,445 an ounce in early Asian trading after gaining 2.3% last week. An emergency hearing on Trump’s move to fire Fed Governor Lisa Cook concluded without a decision on Friday, and a ruling on whether she can continue her duties is not expected to arrive before at least Tuesday. ...

Original title: Xi Calls for SCO Development Bank, Enhanced Cooperation 00:00 Organization with the participation of 26 countries, cooperation covering more than 50 areas, and a combined economic output of nearly 30 trillion US dollars. Its international influence and appeal are increasing day by day. We should enhance cooperation in such areas as energy infrastructure, green industry, digital economy, scientific and technological innovation and artificial intelligence… and set up an SCO development bank as soon as possible, and to provide stronger underpinnings for security and economic cooperation among Member States. ...

Original title: Asian Shares Fall, Alibaba Lifts China Tech Stocks: Markets Wrap Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc. slid after the US revoked China chip-gear permits. A gauge of technology shares in Hong Kong jumped as much as 2.6% with Alibaba surging 17% and lifting shares in the broader AI sphere, including Baidu Inc. and Tencent Holdings Ltd. ...

Original title: ADNOC L&S CFO on $317M Secondary Share Sale 00:00 Nick, thanks so much for joining us. A big, big day for Adnoc L.A. You’ve completed placement of 222 million shares with institutional investors. That represents about 3% of the total outstanding share capital. And with that, it increases the company’s free float to around 22%. So first of all, let me just start off by asking you whether you were pleased with the book building process. I know it took about 4 hours in total for the books to close. Thanks very much for having me on. And yeah, we’re absolutely thrilled with the outcome of the book building, which of course is done by the selling shareholder, our parent. But it was oversubscribed seven times on just a four hour bookbuild at a price which is very tightly adjusted to the pricing of the last few days. So it’s a really good outcome and it demonstrates really strong demand for the stock. Now, it could eventually open the path for MSCI inclusion. What would that mean for your company? What does it offer to you in terms of ...

Original title: Indonesian Stock, Bond Selloff Extends After Weekend of Unrest A selloff in Indonesian stocks and bonds continued on Monday, weighed by growing concerns over political instability in Southeast Asia’s biggest economy. The country’s equity benchmark fell as much as 3.6%, the most in nearly five months and led by PT DCI Indonesia and PT Bank Rakyat Indonesia. The move came after protests heightened over the weekend in response to rising living costs and inequality. ...

Original title: Ola Electric Shares Eye Redemption After $5 Billion Wipeout Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Original article

Original title: Xi, Modi and Putin Huddle at China Security Summit 00:00 Do you see that as that big in for the SCO as a bloc? I don’t think the echo has shown over time that it’s developed the capacity to launch wide scale cooperation and links among its members. I mean, first got to remember, it’s it’s only really ten members. Yes, we’ve got over 20 countries represented there. And, you know, this is relationships between the FCO and other countries. But the FCO has has really confined itself today to issues like climate change, counterterrorism and so on. And it will probably move forward incrementally. But as I was knowing before it, it has some issues among its countries. You know, India and Pakistan are both in the FCO and we’ve seen that caused difficulty already. And the Central Asian countries in the FCO are really quite wary of Russia. So I don’t see the FCO coming out of this elevated in a significant way. But I do think we will remember this week as a week where China demonstrated that it could host both of these events and really put on a ...

Original title: India Investors Eye China-Linked Companies After Modi-Xi Meeting Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty , an equities reporter in Mumbai. Indian stocks are likely to open firm following a strong GDP growth report released after Friday’s market close. Yet, bulls will remain cautious due to concerns over US tariffs and their drag on the economy. The meeting between the Indian Prime Minister and China’s President Xi Jinping over the weekend will put the spotlight on companies with exposure to China. Traders will also be watching sectors likely to be affected by the tariffs, such as textiles. ...

Original title: Asian Shares Dip After Tech Selloff, Alibaba Jumps: Markets Wrap Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 2%. Samsung Electronics Co. and SK Hynix Inc. slid after the US revoked waivers for the companies to use US technologies in their Chinese operations. Alibaba rose as much as 19%, energizing the broader AI sphere in China. ...