General Wire › 29 Sep 2026
Daily brief
General Wire — 29 September 2026
The Treasury sell-off pushed 10-year yields to 5.27%, the US and China cut tariffs on $30bn of each other's goods to a lukewarm market, AMD bought World Labs for $8.2bn, and Northern Star rebuffed Gold Fields.
Business
Sourced from Bloomberg Deals and Bloomberg’s Morning Briefing Asia.
Northern Star Resources rejected a A$38.7 billion ($27.1 billion) cash-and-shares approach from Gold Fields as opportunistic, while Elliott, which holds about 6.2%, urged the board to engage with buyers. — Bloomberg
Tata Trusts proposed merging Tata Sons with two of its unlisted units so the conglomerate’s holding company can avoid a mandatory listing. — Bloomberg
Economics
Sourced from The Economist’s World in Brief, Bloomberg’s Energy Daily and Morning Briefing Asia, and The Economic Times’ Daily Newsletter.
America and China will cut tariffs on about $30bn of each other’s goods and extend their trade truce to January 10th, but China’s CSI 300 fell more than 2% on the summit’s limited progress. — The Economist · Bloomberg
India’s industrial output grew 8% in August, up from 7.4% in July, led by 9.0% growth in manufacturing and 12.3% in electricity and gas supply. — The Economic Times
China’s State Council said it will study new measures to stabilise housing, lift domestic demand and support jobs, after consumption growth slowed to near zero last month. — Bloomberg
Finance
Sourced from Bloomberg’s Points of Return and Morning Briefing Asia, and The Economist’s World in Brief.
The 10-year Treasury yield hit 5.27% and the 30-year TIPS yield reached 3.28%, the highest since continuous issuance began in 2004, John Authers writes. — Bloomberg
SoftBank sold a record $11.1 billion of junk bonds, with its longest-dated notes yielding 9.75%, to help refinance the $40 billion bridge loan behind its OpenAI stake. — Bloomberg
ECB President Christine Lagarde suggested rising market borrowing costs could reduce the need for further rate rises, after two hikes this year. — The Economist
Politics
Sourced from The Economist’s World in Brief, Bloomberg’s Morning Briefing Asia and Bloomberg’s Points of Return.
A daytime Russian drone strike hit the National Academy of Sciences in central Kyiv, killing at least one person, with 19 injured across the capital. — The Economist
Iranian officials are privately pessimistic about reaching a deal with Washington before November’s US midterms. — Bloomberg
Lula and Flávio Bolsonaro are in a dead heat ahead of Brazil’s first-round presidential vote on Saturday. — Bloomberg
Tech / AI
Sourced from Bloomberg’s Morning Briefing Asia and The Economic Times’ ET AI.
AMD agreed to buy World Labs, the AI startup founded by Fei-Fei Li, for $8.2 billion in stock. — Bloomberg
Nvidia launched a two-layer security system to stop AI agents going awry and raised its buyback authorisation by a record $150 billion. — Bloomberg · Bloomberg
Corning says AI data centres need far denser fibre networks and plans to pair its global fibre expertise with local manufacturing to win Indian demand. — The Economic Times
Headlines are summarised in our own words for comment and analysis, with attribution and a link to the original publisher. Indicative only — not investment or trading advice. For commodity and cross-asset risk coverage, see Risk Wire.