The US president faces few good options to exit a war he once said would end swiftly with the Islamic republic’s surrender

Oil steadies after two-day slump as investors eye Hormuz traffic Reuters

Manipal Health Enterprises Ltd. is set for a muted stock market debut in Mumbai after its $960 million initial public offering, as gray market trading signals cooling investor sentiment.

India expands the size of the offering to raise $3.3 billion amid strong demand.

A Rhodium Group analysis shows China leads the US and other G7 nations in several key areas of AI development, despite lagging behind in chips. Reva Goujon, a director at the group and co-author of the report, discusses the findings on "Bloomberg: The China Show." (Source: Bloomberg)

Mitsubishi UBE Cement Corp. is planning to go public as soon as December, according to people familiar with the matter, five years after being formed through units of Japanese materials companies.

US-Japan yen intervention reflects pragmatism behind show of 'friendship'

Japan banks raise rates for large deposits, eyeing property sale proceeds

South Korea seen intervening in currency market alongside Japan

Furukawa Electric to spend $635m in Japan, US, Brazil, India amid AI boom