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BusinessPhoto: Mint Markets

Bullish US Treasury Bets Risk Reversal from Hawkish Fed Signals

Bullish bets on US Treasuries face potential sharp reversals if the Federal Reserve adopts a more aggressive stance at its upcoming monetary policy meeting. Although investors currently see a slim chance of an interest rate hike, hawkish comments from Fed Chairman Kevin Warsh on inflation could prompt reassessment of borrowing cost increases, leading to unwinding of long Treasury positions amid recent safe-haven demand.

Mint Markets·

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BusinessPhoto: Amar Business

India Aims to Make China a Major Market, Says Piyush Goyal

India imports over $130 billion worth of goods annually from China, with a trade deficit nearing $100 billion. Commerce Minister Piyush Goyal stated in The Hague that India plans to make China and ASEAN major export destinations for its goods and services in coming years. He emphasized opening markets mutually and highlighted India's strategy to send work to India rather than exporting talent, citing cost-effectiveness and efficiency.

Amar Business·

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PoliticsPhoto: News18 World

Lula Calls Flavio Bolsonaro's Possible US Flight 'Shameful'

Brazilian President Luiz Inacio Lula da Silva criticized Flavio Bolsonaro, saying it would be "shameful" if the right-wing senator fled to the US after losing the election. Lula said a person who sneaks out must have something to hide. Reports claim Flavio traveled to Florida despite a court order barring him from leaving Brazil amid legal scrutiny and passport cancellation.

News18 World··Brasília

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TechnologyPhoto: HT Sports

GTA 6 Expected to Require 210GB Storage at Launch

Grand Theft Auto 6 is set to launch on November 19, nearly 13 years after the last main entry. Reports indicate the standard edition will require 210GB of storage on PS5 and cost $80. Preloading begins November 12. Rockstar Games has not confirmed these details, and the storage size for the $100 Ultimate Edition remains unknown. This would make GTA 6 one of the largest games by download size.

HT Sports·

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PoliticsPhoto: NDTV World

Pete Hegseth to Discuss US Indo-Pacific Role at ASEAN Summit

Pete Hegseth will face questions about the US role in the Indo-Pacific region at the ASEAN Summit in Cebu, Philippines. Amid rising tensions with China and strains on US military readiness due to the Iran war, the Pentagon stated his attendance reaffirms Washington's commitment to maintaining peace through strength in the Pacific.

NDTV World··Cebu

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PoliticsPhoto: Deccan Herald

NDA Wins Bengaluru Teachers’ MLC Seat, BJP Retains North-East Seat

In Karnataka Legislative Council elections, NDA candidates secured two seats. A P Ranganath of JD(S) won the Bengaluru Teachers’ seat by defeating Congress's Puttanna by 908 votes. BJP's Shashil Namoshi retained the Karnataka North-East Teachers’ seat, winning by 3,297 votes against Congress's Sharanappa Mattur. The elections used paper ballots and marked a setback for Congress in Mallikarjun Kharge’s home turf.

Deccan Herald··Bengaluru

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