Highlights:

• India Fund Houses Rush to List as Retail Money Pours In — SBI Funds has filed for an IPO following ICICI Prudential's December listing, as retail investment in Indian mutual funds accelerates. Bloomberg Markets

• Kirin's Yoshimura on Health Science Business Strategy — Kirin's Senior Executive Officer discusses the company's expansion plans for its health science business. Bloomberg Markets

• Philippines Raises $4.1 Billion in Jumbo Peso Bond Offering — The Philippines raised 235 billion pesos ($4.1 billion) from a large-scale local debt offering targeting institutional investors, lower than its April sale. Bloomberg Markets

• OpenAI Funding on Track to Top $100 Billion With Latest Round — OpenAI is finalizing the first phase of a new funding round expected to exceed $100 billion, a record-breaking deal for AI infrastructure expansion. Bloomberg Technology

• Google Executives Hail India's AI Potential — Google DeepMind CEO and Alphabet SVP highlight India's research talent and potential as a template for AI development in the Global South. Bloomberg Technology

• RBNZ Faces 'Anathema' of Growing Economy, Slowing Inflation — New Zealand's central bank expects strong economic recovery without inflation pressures in 2026, an unusual policy environment. Bloomberg Markets

• Mizuho Dropped From Another Yen Bond Deal in Fallout From Probe — More Japanese issuers are removing Mizuho Securities from bond underwriting roles following an insider trading investigation. Bloomberg Markets

• Australia's Soaring Fiscal Spending 'Unsustainable,' Report Says — A joint report warns Australian government spending is at an unsustainable pace, with public debt rising and economy vulnerability increasing. Bloomberg Markets

• Indian Fund Beating 93% of Peers Bets on Internet Value Stocks — Bandhan Small Cap Fund outperformed 93% of peers by investing in beaten-down Indian internet firms trading at deep value. Bloomberg Markets

• Morgan Stanley's Wilson: We're In New Economic, Earnings Cycle — Morgan Stanley's Chief US Equity Strategist sees market broadening as previously struggling sectors emerge from recession, maintaining a 7,800 S&P 500 year-end target. Bloomberg Markets