General Wire — 10 September 2026

Business

Sourced from Bloomberg’s Evening Briefing Americas and Energy Daily, and The Economist’s Business in Brief.

Dow is weighing an exit from its $20 billion Sadara petrochemical joint venture with Saudi Aramco, with Aramco potentially buying out Dow’s 35% stake, as the US chemicals maker reshapes its portfolio through a prolonged industry downturn. — Bloomberg

LIV Golf filed for Chapter 11 bankruptcy, using the process to hand control of the league to its players after Saudi Arabia’s Public Investment Fund pulled its backing; the PIF is providing $49.6 million in debtor-in-possession financing, with BC Partners Credit among the investors lined up for exit funding. — Bloomberg

Economics

Sourced from Bloomberg’s Morning Briefing Asia and Markets Daily, and The Economist’s World in Brief.

The US Treasury said it will increase its next buyback of long-dated debt to $6 billion, but the move failed to calm markets: investors had expected a bigger programme and 10-year yields rose as much as 6 basis points to 4.85%, the highest since 2023. Evercore ISI said the step suggests Scott Bessent is “accepting a limited role for buybacks.” — Bloomberg

The European Central Bank is expected to raise its deposit rate by a quarter-point to 2.5% on Thursday — its second hike since the Iran war sent energy prices soaring — with all but one economist in a Bloomberg poll expecting the move as inflation stays above target and euro-area growth holds up. — Bloomberg · Bloomberg

Finance

Sourced from Bloomberg’s Morning Briefing Asia and India Edition.

US Treasury Secretary Scott Bessent publicly dared traders to bet against a stronger yen, telling them “I am the house now” — an unusually direct verbal intervention after the currency’s sharp rally through ¥155 per dollar. — Bloomberg

Foreign investors have pulled more than $1 billion from Indian equities in September, taking the year-to-date outflow past $25 billion even as growth and earnings data improve; the Nifty 50 has now traded below its 200-day moving average for 130 days, its longest such run in nearly a decade. — Bloomberg

Politics

Sourced from Bloomberg’s Evening Briefing Americas and Morning Briefing Asia, and The Economist’s World in Brief.

Iran said it fired missiles at ten ships and a US base in Jordan in retaliation for American strikes that destroyed five of its tankers, and a senior official said Tehran has shifted to an “offensive doctrine” and is ready for a more intense war; President Trump claimed the fighting would end “immediately” after November’s midterm elections. — Bloomberg

Pakistan’s defence minister said any attack on Saudi Arabia could activate the “Mecca Defence Alliance,” warning that aggression against one signatory would be treated as an attack on all, as Houthi forces claimed fresh strikes on Saudi energy sites. — Bloomberg

A sweeping US criminal trial of Huawei opened in Brooklyn, years after the Justice Department charged the Chinese telecom-equipment maker with sanctions violations and trade-secret theft. — Bloomberg

Tech / AI

Sourced from Bloomberg’s Morning Briefing Asia and Evening Briefing Americas.

Apple unveiled its first foldable smartphone, the $1,999 iPhone “Duo,” at the start of its biggest-ever device revamp, with Chief Executive John Ternus arguing it improves on rival foldables he mocked as “two phones awkwardly stuck together”; Apple also raised prices on the new iPhone 18 line and added always-listening AI audio features to the Apple Watch, including a “Siri Recap” that summarises a wearer’s conversations through the day. — Bloomberg · Bloomberg

Google will invest at least €13 billion to build and expand AI data centers in Finland, its largest infrastructure commitment in Europe. — Bloomberg

SoftBank plans to repay the $40 billion bridge loan it used to finance its stake in OpenAI, one of the largest debt packages tied to the AI boom. — Bloomberg