news

Monday, September 7

World

Offshore borrowing in renminbi hits record high of nearly $150bnFT · 9m
FirstFT: Top credit rating sought for Anthropic and OpenAIFT · 10m
Trump calls for US boycott of Canada’s Bombardier jetsFT · 12m
Labour’s muddled migration policy won’t stop thuggeryFT · 41m
Global shipping rules are collapsing, say maritime nationsFT · 41m
The cost of being ApolloFT · 41m
Why Japan Inc can brush off interest-rate hikes — and America can’tFT · 41m
The crisis for Merz and the CDUFT · 41m
‘Apollo premium’ drives up debt costs for group’s portfolio companiesFT · 41m
EU opens door to bigger corporate mergersFT · 42m
The world’s $2tn interest billFT · 42m
Obsessed with: London’s stationery boomFT · 42m
Britain’s grid operator gave Palantir contract without inviting rival bidsFT · 42m
Anthropic and OpenAI bankers push for top-tier credit ratings post-IPOFT · 42m
The world’s approach to sovereign debt needs to changeFT · 42m
Who is Britain’s best CEO? You decideFT · 42m
The battle to prove who owns Gaza’s ruinsFT · 42m
European ‘wealth’ threatened by decline of region’s carmakersFT · 42m
Grenfell’s £1.2bn legal legacyFT · 42m
Is the global maritime order breaking down?FT · 42m
China’s exports jump 25% in August in boost from AI build-outFT · 1h
Huawei drives China’s push to make its own advanced chipsFT · 1h
Argentina will file criminal case against Falklands oil drillerFT · 1h
The Trillion-Dollar Bright Spot in China’s Economy: TourismWSJ · 2h
See How Drones Are Infiltrating NATO Territory in EuropeWSJ · 2h
Yen surges to six-month high as traders stay alert for signs of interventionFT · 3h
India’s National Stock Exchange to list after finally clearing IPO hurdlesFT · 3h
Greenland Seeks to Turn Peril Into Profit After Trump’s Threats to Take It OverWSJ · 5h
Opinion | Mamdani Denounces an Indian NonprofitWSJ · 7h
Opinion | What Trump Could Learn From BushWSJ · 7h
Opinion | Europe Hits the Snooze ButtonWSJ · 7h
Iran’s Oil Dollars Are Drying Up—and Plunging It Deeper Into CrisisWSJ · 11h
After Far-Right Triumph, Merz Faces Narrow Path to Save His GovernmentWSJ · 11h
Belgium’s Arrest of Alleged Chinese Chip-Tech Thief Fuels European Fear of BeijingWSJ · 11h
Opinion | Iran’s Approach to Warfare Mirrors the Fabian StrategyWSJ · 14h
Chinese Company Draws Fire for Laying Off 100 Grads a Month After Hiring ThemWSJ · 15h
North Korea Says Toppled Warship That Embarrassed Kim Is DeployedWSJ · 16h
Eurozone Economy Surged as War Ignited Energy PricesWSJ · 19h
There’s a Legal Fight Brewing at OktoberfestWSJ · 19h
China’s Foreign Exchange Reserves Continue to ClimbWSJ · 19h
After Far-Right Election Breakthrough, Germany’s Merz Faces Painful DilemmaWSJ · 20h
German Industrial Production Contracts on Auto Sector SlowdownWSJ · 21h

Business

Offshore borrowing in renminbi hits record high of nearly $150bnFT · 9m
FirstFT: Top credit rating sought for Anthropic and OpenAIFT · 10m
Canada Imposes New Tariffs on U.S. Goods, as Trade War IntensifiesNYT · 39m
Global shipping rules are collapsing, say maritime nationsFT · 41m
The cost of being ApolloFT · 41m
‘Apollo premium’ drives up debt costs for group’s portfolio companiesFT · 41m
Hedge fund Millennium seeks tax deal to boost Geneva presenceFT · 42m
Britain’s grid operator gave Palantir contract without inviting rival bidsFT · 42m
Anthropic and OpenAI bankers push for top-tier credit ratings post-IPOFT · 42m
How cement can be made greenerFT · 42m
Who is Britain’s best CEO? You decideFT · 42m
European ‘wealth’ threatened by decline of region’s carmakersFT · 42m
Grenfell’s £1.2bn legal legacyFT · 42m
The next frontier in renewables: floating wind turbinesFT · 42m
The ‘water batteries’ that could be a crucial complement to renewablesFT · 42m
How we calculated the FT CEO Performance RankingFT · 42m
Geneva vs Zurich: which is the better safe haven?FT · 42m
China’s exports jump 25% in August in boost from AI build-outFT · 1h
Huawei drives China’s push to make its own advanced chipsFT · 1h
Argentina will file criminal case against Falklands oil drillerFT · 1h
The Trillion-Dollar Bright Spot in China’s Economy: TourismWSJ · 2h
Rivian R2 Review: A Tidier (in Size and Price) SUV Is Ready for the SuburbsNYT · 2h
How a Blacklisted Chinese Tech Giant Kept Buying America’s Best A.I. ChipsNYT · 2h
Korea’s AI property boom puts pressure on presidentFT · 4h
‘Jeopardy!’ Just Hired a New Clue Writer. Could You Do the Job? Take Our Quiz.WSJ · 4h
UK competition watchdog seeks to work with MoD to curb bid-riggingFT · 5h
Amazon Plane Crash Probe Examines Aircraft Speed, Runway SafeguardsWSJ · 5h
What next for one of India’s biggest banks after top two leaders quit?FT · 7h
EverBank to Combine With WaFd to Create $75 Billion BankWSJ · 8h
Opinion | Pablo Torre 1, Mark Cuban 0WSJ · 8h
Robinhood Wins a New Role in the Oura IPO: UnderwriterWSJ · 8h
The Heart Drug Pelacarsen Fails, Shocking Novartis and CardiologistsNYT · 9h
Pricey oil is laying the groundwork for its own declineFT · 11h
Oil Prices Rise After U.S. and Iran Trade StrikesNYT · 11h
Billionaire trader Rokos to leave UK for GreeceFT · 11h
Africa’s richest man seeks to raise $1.6bn in continent’s biggest IPOFT · 11h
WYouth, New Magazine for Teens, Debuts With Justin and Hailey Bieber CoverNYT · 11h
The World Can’t Get Enough of These Japanese SneakersWSJ · 12h
The World Can’t Get Enough of These Japanese SneakersWSJ · 12h
U.S. Gasoline Prices Hit Labor Day RecordWSJ · 13h
Cargo Plane Crashes at Miami Airport, Striking VehiclesNYT · 13h
CCRCs Are Expanding Retirement Home Care to Seniors’ Own HomesNYT · 13h
The Panama Canal’s New Boss Inherits a Drought and a Bidding War for Transit SlotsWSJ · 13h
Opinion | Data Centers: National Necessity or Nuisance?WSJ · 13h
‘Go Get Your Kicks’: The Europeans Obsessed With a U.S. HighwayNYT · 14h
Chinese Company Draws Fire for Laying Off 100 Grads a Month After Hiring ThemWSJ · 15h
Volkswagen Factory to Become Defense Plant in Deal With Israel’s AureliusWSJ · 16h
Amazon Cargo Plane Overshoots Runway in Miami, Killing Five PeopleWSJ · 16h
Range Rover Maker to Cut 4,000 Jobs as Trump’s Tariffs BiteWSJ · 16h
Range Rover Maker to Cut 4,000 Jobs as Trump’s Tariffs BiteWSJ · 16h
Energy & Utilities Roundup: Market TalkWSJ · 16h
Tech, Media & Telecom Roundup: Market TalkWSJ · 16h
There’s a Legal Fight Brewing at OktoberfestWSJ · 19h
Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way.WSJ · 19h
Social Media in China Is Getting Really DarkNYT · 19h
European Gas Climbs on LNG Supply Concerns Ahead of WinterWSJ · 20h

Markets & Economy

Offshore borrowing in renminbi hits record high of nearly $150bnFT · 9m
RBA’s Hunter Says Inflation Top Priority, May Have to Raise RateBBG · 14m
Canada Imposes Tariffs Up to 50% on the USBBG · 18m
Meloni’s Pre-Election Italian Budget Is Getting a Growth BoostBBG · 27m
Singapore Dollar Strengthens SlightlyWSJ · 33m
Bathla Crisis Exposes Australia's Property Lending RisksBBG · 33m
The cost of being ApolloFT · 41m
Why Japan Inc can brush off interest-rate hikes — and America can’tFT · 41m
‘Apollo premium’ drives up debt costs for group’s portfolio companiesFT · 41m
The world’s $2tn interest billFT · 42m
Anthropic and OpenAI bankers push for top-tier credit ratings post-IPOFT · 42m
The world’s approach to sovereign debt needs to changeFT · 42m
Is the global maritime order breaking down?FT · 42m
Longsys Founder Bets Big on R&D to Ride AI Memory WaveBBG · 46m
Insilico's Lung Drug Reverses Aging Markers in StudyBBG · 55m
Cigna Healthcare on Business StrategyBBG · 58m
Japan Five-Year Bond Sale Sees Muted Demand Ahead of BOJBBG · 1h
How Hong Kong and Singapore Compete for Financial TalentBBG · 1h
GPIF Still Examining If Allocation Review Needed, Minister SaysBBG · 1h
Yen Hits Six-Month High Against Dollar on BOJ Rate-Hike BetsWSJ · 1h
Copper Ascends to New Heights on Tight Supply and Tariff FearsBBG · 1h
Argentina will file criminal case against Falklands oil drillerFT · 1h
Nifty 50 Stays Muted as Asia’s Tech Rally Powers AheadBBG · 1h
Philippine Jobless Rate Surges to Four-Year High as Growth SlowsBBG · 1h
China Export Growth Rebounds as Trade Surplus Nears $806 BillionBBG · 2h
Wheat Jumps as Russia Focused on Ukraine War Despite US TalksBBG · 2h
Asian Stock Markets Mixed as Investors Look to U.S. CPI DataWSJ · 2h
Philippines Central Bank Sees High Interest Rates But No Shortage of LoansBBG · 2h
Global Markets’ Summer Lull to End as Volatility, Risks MountBBG · 2h
Japan’s Katayama Says Will Aim to Maintain Orderly FX MarketBBG · 2h
In Gold, the Bulls Are EverywhereWSJ · 2h
Yen surges to six-month high as traders stay alert for signs of interventionFT · 3h
The Stock Market’s Breezy Summer Is Over. Investors Beware.WSJ · 3h
Australia’s Consumer Confidence Slumps on Rates, Fuel CostsBBG · 4h
Oil Rises Amid Fears of More Supply Disruptions in Middle EastWSJ · 4h
Yen’s Rally Through Key Level Puts Currency’s 2026 High in ReachBBG · 4h
Samsung Buyback Highlights Korea’s 45% Preferred Stock DiscountBBG · 4h
Nikkei Falls 0.6%, Dragged by Electronics, Machinery StocksWSJ · 4h
Japan’s Faster GDP, Wage Growth Support BOJ Interest-Rate HikeBBG · 4h
Japan’s Wages Grow Most Since 1997, Keeping BOJ on Rate Hike PathBBG · 5h
Gold Edges Higher as Softer Dollar Offsets Tensions in HormuzBBG · 5h
Colombia Inflation Jumps More Than Forecast to Hit Two-Year HighBBG · 5h
Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme CoinWSJ · 5h
Latest Oil Market News and Analysis for Sept. 8BBG · 6h
Yen Climbs to Six-Month High, Chip Stocks Advance: Markets WrapBBG · 6h
EverBank to Combine With WaFd to Create $75 Billion BankWSJ · 8h
Robinhood Wins a New Role in the Oura IPO: UnderwriterWSJ · 8h
Why Are Japan’s Bond Yields Rising? What’s Driving the SurgeBBG · 8h
Pricey oil is laying the groundwork for its own declineFT · 11h
Africa’s richest man seeks to raise $1.6bn in continent’s biggest IPOFT · 11h
LME Copper Prices Hit Record on Supply Issues, U.S. Tariff ConcernsWSJ · 12h
Portugal Gets €1.5 Billion EIB Loan to Ease Its Housing CrunchBBG · 12h
Oil closes in on $100 as renewed supply crunch loomsFT · 12h
Mélenchon Fumes at ECB Rate Hikes After Calling for Debt WipeoutBBG · 12h
Oil Extends Gains on Middle East Attacks; U.S. Gas Prices at Record High for Labor DayWSJ · 13h
Canada Imposes Tariffs Up to 50% on US, Risking Wider Trade WarBBG · 14h
Gold Under Pressure With This Week’s Inflation Data in FocusWSJ · 14h
Chile Copper Shipments Sink to One-Year Low Despite Price RallyBBG · 14h
South Africa’s Economy Seen Ending Longest Growth Run in DecadeBBG · 14h
Iceland Finance Chief Spars With Central Bank Over Price DriversBBG · 14h
Stock Funds Are Up 12.6% for Year So FarWSJ · 14h
Institutional Investors Move Markets. Here’s How to Read Their Signs.WSJ · 14h
Oil Higher on Hormuz Escalation, Weighing on SentimentWSJ · 15h
Jio Platforms Said to Start Marketing India IPO Next WeekBBG · 15h
Health Care Roundup: Market TalkWSJ · 16h
US shale pioneer takes fracking to Australia’s remote gas frontierFT · 16h
Financial Services Roundup: Market TalkWSJ · 16h
Tech, Media & Telecom Roundup: Market TalkWSJ · 16h
China Central Bank Adds Most Gold Since 2023 Even as Prices JumpBBG · 17h
Sterling Edges Higher After U.K. Treasury Chief SpeechWSJ · 17h
Rise in German Bund Yields Almost Entirely Due to ECB Rate-Hike ProspectsWSJ · 17h
Fed Latest: Warsh’s speech contrasts with New York Fed president’s takeBBG · 17h
Saudi Aramco oil facilities hit in new strikesFT · 17h
Yen Climbs to Six-Month High as Rate Outlooks ShiftWSJ · 18h
Indonesia’s Merdeka Battery Said to Consider HK Share SaleBBG · 18h
US voters reel as fuel prices hit Labor Day record highFT · 18h
Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way.WSJ · 19h
Young People Are Obsessed With This Simple Retirement-Savings FormulaWSJ · 19h
China’s Foreign Exchange Reserves Continue to ClimbWSJ · 19h
UK Chancellor Healey Vows Fiscal Rigor in First Big SpeechBBG · 19h
European Chip Stocks Rise, Buoyed By Asian PeersWSJ · 19h
Iran to raise petrol prices as US war triggers shortagesFT · 20h
Everything is awesomeFT · 23h
Oil Rises as Escalating U.S.-Iran Conflict Stokes Supply Disruption FearsWSJ · 23h
Could the DMO take the BoE’s long gilts off their hands?FT · 23h

Tech

Belgium’s Arrest of Alleged Chinese Chip-Tech Thief Fuels European Fear of BeijingWSJ · 11h
Belgian-Chinese researcher arrested over suspected theft of chip secretsFT · 12h
Law schools tell students to put AI awayFT · 14h
CXMT Highlights Smartphone, AI Advances as Market Share ClimbsWSJ · 18h
CXMT Highlights Smartphone, AI Advances as Market Share ClimbsWSJ · 18h
AI computing demand may never be sated, says CEO of Nvidia partner IrenFT · 18h
Insilico’s Co-CEO Has Big Hopes That Fibrosis Drug Can Reverse Aging TooWSJ · 19h

Deal Flow

M&A / Strategic

Contract manufacturer Flex will acquire power conversion systems maker EPC Power in a $4.4B deal4d
Diversified Energy agreed to acquire Elliott-backed O&G company Birch Resources in a $1.8B deal4d
Samsung Fire and Marine Insurance and Samsung Life ⁠Insurance will acquire 90% of UK reinsurance company Canopius by buying an additional 50% stake for $1.5B from Centerbridge Partners4d
Shell and Chevron signed non-binding agreements for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points block4d
TSG Consumer made a strategic investment in iconic NYC taco chain Los Tacos No. 14d
US family holding company Friedkin Group is exploring a stake sale in UK soccer club Everton FC just two years after acquiring the club4d
Thai state-owned O&G firm PTT is considering bringing in strategic partners for for its Taiwan-listed Lotus Pharmaceutical4d

VC

Robotics startup Figure raised an undisclosed investment from AI cloud firm Nscale as part of a $3.5B compute deal4d
Enterprise AI platform Wonderful raised a $550M Series C at a $5B valuation led by Insight Partners4d
Thyme Care, an oncology navigation startup, raised a $125M Series E at a $2B+ valuation led by Morgan Health4d
Immediate, an earned wage access and financial wellness platform, raised a $13M Series B led by BankTech Ventures4d

IPOs / Listings / Issuances / Block Trades

Vietnam's EV taxi firm Green & Smart Mobility is weighing expanding in US ahead of a planned Hong Kong IPO which could fetch a $20B valuation4d
UK AI cloud firm Nscale has $103B of total contracted revenue ahead of its $3B US IPO4d
Swedish smart ring maker Oura Health filed for a US IPO to raise $3B at a $16B valuation4d
Pet food platform Golden Pet Brands hired banks for an IPO that could fetch a $1B valuation4d
Chinese chipmaker Longsys priced its $780M Hong Kong listing below the top end of the marketed range at a 44% discount to its China trading4d
Olympus-backed data center infrastructure firm Accelevation filed for an IPO4d
Crypto exchange Kraken delayed its IPO until Q2 next year4d

Debt

Anthropic is set to expand its revolving credit facility to $15B ahead of its IPO4d
Pakistan raised a record $3B in international high-yield bond markets after securing credit rating upgrades4d
A unit of Indian conglomerate Aditya Birla Group raised $2.5B in commitments from four banks to finance its acquisition of Shell's Indian renewable energy unit Solenergi Power4d
Public Storage is looking to raise $360M in a debut Canadian bond sale4d
Silver Lake and Related Companies-backed luxury gym chain Equinox is in advanced talks with for a cash infusion and refinancing to reduce debt and fund expansion4d

Bankruptcy / Restructuring / Distressed

EQT-backed French medical diagnostics firm Cerba Healthcare filed for a court-supervised restructuring in France to tackle its $5.8B debt pile4d
Air India is close to securing $1.1B in financial aid from owners Tata Sons and Singapore Airlines4d

Funds / Secondaries

CVC raised $10B for its sixth and largest PE secondaries fund4d
Swish Ventures, the VC firm of Israel's first NBA player Omri Casspi, raised $250M for its third fund4d

Reforma

Implementan México y EU operativo antidrones en fronteraNacional · 2h
Advierten fuga de 1.4 billones de pesos por facturerasPortada · 4h
Quita Morena a Inzunza de Comisión de Estudios LegislativosPortada · 4h
Presume Johnson intercambio de información entre paísesPortada · 5h
Hallan en bodega de Farías armas y documentos clasificadosPortada · 7h
Detienen a Alcalde y su hermano por extorsión en PueblaPortada · 10h
Alertan de credibilidad en presupuesto 2027Negocios · 17h
Cuesta extorsión $91,800 millonesPortada · 17h
Condona Infonavit, pero sube morosidadPortada · 17h