ASX 200 posts third straight weekly gain as miners and tech shares rebound
The benchmark rose 1% on Friday to 8,806.7 after a mid-week sell-off linked to concerns about AI valuations and global growth.
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Central bankers in Bangkok say AI investment boom is pushing up borrowing costs
Officials at the IMF and World Bank meetings said heavy spending on AI is adding to demand and inflation before any productivity gains arrive, Reuters reported.
RBA's Bullock says timely return to inflation target may need tighter policy, as unemployment hits 4.7%
Remarks Bullock prepared for an RBA conference were published on Friday. Three senior Reserve Bank officials are due to speak in the coming week.
US 10-year Treasury yield falls 15 basis points over the week; dollar heads for first weekly loss in five weeks
The 10-year yield ended Friday at 5.09%, down from 5.24% a week earlier, according to US Treasury data.
Lagarde says tighter financing will slow euro zone growth; September inflation confirmed at 3.8%
Eurostat confirmed on Friday that euro area inflation rose to 3.8% in September, driven by an 18.9% annual rise in energy prices.
Gold falls 0.7% for the week as oil gains outweigh weaker dollar
Spot gold settled at $US4,165.40 an ounce on Friday, Investing.com reported, as traders reduced bets on a US rate rise this month.
Indonesian shares plunge 11.6% after MSCI proposes removing market from emerging-market indexes
The Jakarta benchmark had its steepest one-day drop since 1998. MSCI says it will decide by 30 June 2027 after a consultation.
South Korea's Kospi has worst week since 2008 as chip stocks slump; Nikkei falls 5.4%
The Kospi fell 14.46% over the week despite a Friday rebound. Samsung Electronics and SK hynix had their steepest weekly falls since 2008.
Penske Automotive agrees to be taken private by Penske Corp. and Mitsui in $16.3 billion deal
Minority shareholders would receive $212 a share in cash. The deal is expected to close in the first quarter of 2027.
French pasta maker Panzani and Portugal's Cerealis in talks to combine
The companies said the deal would value the merged food group at about €1.8 billion, with about €1 billion in annual revenue.
