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When it comes to consolidating China’s overcrowded auto industry, bigger isn’t necessarily better. A modest-looking deal involving two state-owned carmakers offers a pragmatic way to start tackling the glut.

Pipelines, force majeure, private equity malaise, credit card risk tranching, egg futures, and Medicaid gambling.

The leftwing streamer, recently banned from the UK, tells the FT why he has become US conservatives’ midterm hate figure

Turkey's Erdogan tells Ukraine's Zelenskiy that Black Sea attacks are inexplicable Reuters

Shipping traffic via Strait of Hormuz stays lower than 10-day average, data shows Reuters

COMMENTARY: Asia's crude oil imports hit post-Iran conflict high in September, but remain weak Reuters

Philip R. Lane: The outlook for the euro area economy

Number two is trying harder

But conflict is worsening its industrial divide

The rush for the exits by wealthy investors in private credit funds is far from done. But even as the rich run away from direct lending, they aren’t abandoning alternative assets. Instead, they look to be chasing the next hot thing: infrastructure finance.