World News by Wild Rose

US President Donald Trump is announcing a new US$15 billion steel plant in Iowa being built with backing from an Indian conglomerate, creating what the White House says will become the largest steel plant in US history. The White House said Trump will announce the project on Monday afternoon alongside steel industry executives and commerce officials. It comes as Trump is trying to energise voters ahead of difficult midterm races including in Iowa, where governor and Senate seats have become...

Baltimore Orioles owner, Carlyle Group co-founder and host of Bloomberg's Peer to Peer Conversations David Rubenstein tells David Gura that he bought his hometown team in part to help revitalize Baltimore and says sports owners tend to prioritize winning over operating profits. Rubenstein also discusses soaring franchise valuations and his new book, Inside the Owner’s Box, which examines the business and leadership of professional sports ownership. (Source: Bloomberg)

After 25 years of planning and eight years of construction, the Gordie Howe Bridge finally opened between Detroit and Windsor this July. But the ceremony was attended only by Canadian officials, a sign of just how much the relationship between the two countries has deteriorated. What does it mean for businesses on the ground, and what can we learn about the future of US-Canada relations? (Source: Bloomberg)

Naha, Okinawa Pref., Sept. 26 (Jiji Press)--The parent company of the operator of the Junglia Okinawa theme park in Okinawa Prefecture has reported a net loss of 17.3 billion yen for its first business year since the park opened in July 2025. Japan Entertainment Holdings, the parent company, ran into severe financial difficulties in the year that ended in June 2026, making it necessary to ta...

Representatives of foreign business chambers who met Hong Kong’s leader have said the five-year plan provided clear policy priorities for businesses’ strategic planning, but called for more concrete timelines and visible progress on the Northern Metropolis project to attract investment. Chief Executive John Lee Ka-chiu held a briefing on Monday for consuls general and heads of foreign chambers of commerce, during which he stressed that Hong Kong’s five-year plan was not a planned economy. The...

Chinese artificial intelligence start-up Moonshot AI has begun supplying its flagship Kimi K3 model to Amazon Web Services (AWS), one of the world’s largest cloud services providers, in a major test case for how open-weight AI models can generate higher revenue from third-party platforms. The model is now available on Amazon Bedrock, AWS’s tool for building generative AI applications, offering “a powerful new option for coding and knowledge work”, Amazon said in an announcement on Friday. While...

Hong Kong’s stock exchange is seeking to further relax rules for publicly traded companies to conduct deals, as the Asian financial hub pushes to enhance its competitiveness as a listing destination.

Nuveen is planning its first sterling bond sale, along with three dollar-denominated issues, to fund the buyout of UK money manager Schroders.

Ghana · BUSINESS Key Facts —What happened Compound Group marked its second anniversary and expanded across oil and gas, logistics, real estate and bakery units. —Who leads it Founder and Chief Executive Officer Barr. Henry Uzochukwu credited staff, customers and partners for the milestone. —The subsidiaries The group operates Compound Logistics, Compound Homes and Compound […] The post Compound Group Marks Two Years of Growth and Expands Business Operations appeared first on The Rio Times.

Tata Sons Pvt. is said to have approved going public and asked Chairman Natarajan Chandrasekaran to stay on for five more years, as one of India’s biggest business houses tries to keep leadership steady through the transition.

Glencore Plc accused Radiant World of sending falsified invoices to “a number of financial institutions,” the latest in a series of fraud allegations against the iron ore trader.

Africa’s richest man, Aliko Dangote, hailed Monday’s share sale of his Nigerian oil refinery as an opportunity to create value for millions of people across Africa.

A messy breakup between Harley Bassman, the derivatives expert who invented the main gauge of Treasury volatility, and his former employer has escalated after the bond veteran sent a letter to the firm’s shareholders challenging its business practices.

ManpowerGroup puts Peru’s net hiring outlook at 40 percent for the fourth quarter, up 13 points, second in the region behind Brazil. The post Peruvian Hiring Intentions Reach 40 Percent for the Fourth Quarter appeared first on The Rio Times.

Barry speaks with Seth Bernstein, Chief Executive Officer of AllianceBernstein. They discuss his tenure at JPMorgan Chase where he was managing director and global head of Managed Solutions & Strategy at J.P. Morgan Asset Management. They discuss understanding the Private Credit industry and the future of Mutual Funds as ETFs become the future of investing. Seth also discusses the importance of in-person collaboration as well as how to invest for retirement. (Source: Bloomberg)

BRAZIL · BUSINESS Key Facts —The deal: The Vale HMM charter is signed: South Korea’s HMM will haul Vale iron ore under a 4.7 trillion won (US$3.5 billion) package of 25-year contracts, the carrier announced on Tuesday. —The ships: Eight 210,000-ton Newcastlemax bulk carriers, each on its own 25-year contract starting in 2030, when the […] The post Vale HMM Charter: US$3.5 Billion Iron Ore Deal Spans 25 Years appeared first on The Rio Times.

TotalPass reached 2.2 million users and 17 percent of Smart Fit’s gross profit in the second quarter. The shares still fell 7.82 percent. The post Smart Fit’s Best Business Is the One Without Gyms appeared first on The Rio Times.

MangoBoost CEO Jangwoo Kim discusses his company’s data solutions and fundraising plans. He speaks exclusively on the sidelines of the KBFG Korea Conference in Seoul. (Source: Bloomberg)

Cerberus Capital Management sold a net-lease real estate business it founded five years ago for $1.6 billion, capitalizing on demand for a type of property transaction that’s gaining popularity.

Last Thursday, more than a week after Australian homebuilder Bathla Group tumbled into insolvency, a 24-hour deadline to secure emergency funding came and went, putting the company on the verge of liquidation.

The group - which includes Audi, Porsche, Skoda as well as the VW brand - plans to cut a total of 100,000 by 2030.

Could the hottest new trade be your own electricity? Zero host Akshat Rathi meets the vibe coders making money from their excess energy. Listen to the Big Take podcast. (Source: Bloomberg)

Hong Kong’s food and beverage (F&B) operators, both new and existing players, signed leases for 155,000 sq ft of new floor space in the second quarter of this year, a record high for the sector and more than double the amount registered in the first quarter, according to property consultancy CBRE. In the first half of the year, they snapped up 230,000 sq ft of new space, CBRE data showed. However, analysts said the city’s selective and narrow-based retailing recovery was forcing brands and...