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BUSINESSOct 14Hong Kong bus operators seek fare hikes of up to 17.7% amid fuel price surgeFour Hong Kong franchised bus operators have applied to raise fares by up to 17.7 per cent, citing “significant financial pressure” from soaring fuel prices driven by the Middle East conflict. Citybus has sought the steepest increase, at 17.7 per cent, followed by the KMB Company at 16 per cent. Long Win Bus and New Lantao Bus have applied for rises of 8.1 per cent and 9.8 per cent respectively, according to a paper the Transport and Logistics Bureau submitted to the Legislative Council on...South China Morning Post
BUSINESSOct 14India’s trade deficit with China crosses $100 billion in 2026Two-way trade between January and September was up 25.4% to $144.45 billion, while India’s imports from China continued to rise, up 23.3% to $125.19 billionThe Hindu
BUSINESSBREAKINGOct 14Oil prices rise after reported attacks on ships in Strait of HormuzEuroNews [en]
BUSINESSOct 14IMF: Nigeria’s banks need stronger safeguards after recapitalisationIMF has warned Nigerian authorities that “the sovereign and bank nexus is also an important area” of concern for African economies. The post IMF: Nigeria’s banks need stronger safeguards after recapitalisation appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 14Distribution Solutions to acquire GradeEight; transaction accretive to EBITDADistribution Solutions plans to acquire GradeEight, with the transaction expected to increase EBITDA. This indicates a corporate merger and acquisition activity.Seeking Alpha Tech
BUSINESSOct 14Glencore makes Australian debut, eyes potential ASX 200 inclusionGlencore made its debut in Australia and is considering potential inclusion in the ASX 200 index. This represents a significant corporate financial development in the Australian market.Seeking Alpha Tech
BUSINESSOct 14More expensive gas, semiconductors likely pushed up inflation last monthInflation likely worsened in September in one of the last price reports the government will issue before the midterm elections that have been heavily defined by concerns over affordabilityABC News
BUSINESSOct 14G-24: Nigeria, other developing nations need cheaper financing — Oyedele“Debt vulnerability is a major obstacle to growth in many developing countries,” Oyedele said, highlighting the need for predictable and coordinated approaches The post G-24: Nigeria, other developing nations need cheaper financing — Oyedele appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 14NAFDAC Bursts Over 20 Fake Alcoholic Drink Factories At Lagos Trade Fair ComplexTwo suspects were apprehended during the operations, while products seized and evacuated are valued at over ₦2 billion. The post NAFDAC Bursts Over 20 Fake Alcoholic Drink Factories At Lagos Trade Fair Complex appeared first on Channels Television.Channels TV
BUSINESSOct 14Nigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank•Tax-to-GDP ratio rises to 12.5% from 7% — Oyedele By Emma Ujah, Abuja Bureau Chief Nigeria’s private capital inflows have surged nearly 20-fold to almost $6 billion in 2026 from about $300 million in 2023, President of the World Bank Group, Mr. Ajay Banga, has said, just as the Federal Government (FG) said it has […] The post Nigeria’s private capital inflows hit $6bn as reforms gather pace — W/Bank appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 14LCCI proposes 20% petrol price cut in 6-month programmeBy Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has proposed a six-month petrol price reduction programme targeting a 15 to 20 per cent cut in pump prices to ease the burden of high energy and transportation costs on Nigerian businesses and households. In a statement, Director-General of LCCI, Dr. Chinyere Almona, said […] The post LCCI proposes 20% petrol price cut in 6-month programme appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 14Nigerians still suffer high cost of living, despite economic growth — IMFIMF has said despite Nigeria’s economic growth and status as an energy exporter, the cost of living remained high, leaving Nigerians struggling The post Nigerians still suffer high cost of living, despite economic growth — IMF appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 14Galderma buys ZO Skin Health for $1.5B in cash from Blackstone, Obagi familyGalderma has acquired ZO Skin Health for $1.5 billion in cash from Blackstone and the Obagi family. This represents a major acquisition within the business sector.Seeking Alpha Tech
BUSINESSOct 14No rush to T+1: Hong Kong exchange won’t hurry settlement-time change, sources sayParticipants in Hong Kong’s stock market may need to wait longer for shorter transaction settlement times, as market participants want more time to prepare for the change, according to two sources familiar with the matter. Bourse operator Hong Kong Exchanges and Clearing (HKEX) said in a consultation paper in April that it aimed to implement a so-called T+1 system – under which trades would be settled one day after transactions – in the fourth quarter of 2027, replacing the existing T+2...South China Morning Post
BUSINESSOct 14CoreWeave seeks insurers’ capital to finance AI infrastructure build-out - reportCoreWeave is reportedly seeking capital from insurers to finance the expansion of its AI infrastructure. This indicates a significant funding effort in the technology sector.Seeking Alpha Tech
BUSINESSOct 14Dollar to Naira exchange rate today, October 14, 2026The dollar is trading at different rates in Nigeria’s official and parallel foreign exchange markets on Wednesday, October 14, 2026. The post Dollar to Naira exchange rate today, October 14, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESSOct 14Asia must guard against repeat of 1997 financial crisis: Philippine central bank chiefAsian countries must remind themselves about what happened during the region’s financial crisis in the late 1990s and guard against a recurrence of such shocks, the head of the Philippine central bank said ‌on Wednesday. Before the Asian financial crisis started in 1997, regional economies saw huge capital inflows that prompted the World Bank to describe it as the “East Asian miracle”, Eli Remolona, governor of the central bank, said in an International Monetary Fund panel on the outlook for the...South China Morning Post
BUSINESSOct 14Earnings Snapshot: ASML Q3 GAAP EPS beats at €12.93; raises Q4 guidance above estimates and updates FY26 sales outlookASML reported Q3 earnings per share that exceeded expectations, raised its Q4 guidance, and updated its sales outlook for fiscal year 2026. This indicates strong performance and positive future projections for the company.Seeking Alpha Tech
BUSINESSOct 14African countries look beyond big creditGlobal Briefing: Continent’s leaders hope the new African Credit Rating Agency can help them save tens of billions of dollars in interest paymentsIrish Times World
BUSINESSOct 14Cristiano Ronaldo will invest 20 million euros in an alkaline water factory in Portugal that will open in 2028Lejos de los estadios y de Arabia Saudí, el negocio que Cristiano Ronaldo levanta ahora tiene forma de nave industrial en una aldea del norte de Portugal.Clarín
BUSINESSOct 14ASML says it's getting order interest through 2030 as profit smashes expectationsASML said some customers are "expressing an interest" in placing orders with the company in 2029 and 2030, giving investors a view into longer-term demand.CNBC
BUSINESSOct 14Money laundering failures land Bank of America with a $1.2 billion fineUS authorities have imposed a $1.2 billion (€1.07bn) penalty on Bank of America over failures to tackle money laundering. The bank also settled alleged sanctions violations involving Iran and Russia.EuroNews [en]
BUSINESSOct 14Rio Tinto on track to unlock $5B as Q3 iron ore sales beat estimatesRio Tinto's Q3 iron ore sales surpassed estimates, putting the company on track to achieve a significant financial milestone. This suggests strong operational performance and potential financial growth.Seeking Alpha Tech
BUSINESSOct 14Asian equities stabilize following Wall Street tech selloff; oil nears $95, China trade data beatsAsian equities have stabilized after a tech selloff on Wall Street, with oil prices approaching $95 and China's trade data exceeding expectations. This indicates a mixed but generally stabilizing global economic landscape.Seeking Alpha Tech
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