Here's a rundown of 11 significant news stories to keep you in the know:

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APEC Summit: US President Joe Biden says he made "real progress" with China's Xi Jinping

US President Joe Biden and Chinese counterpart Xi Jinping concluded a four-hour summit Wednesday resulting in deals on military communications, fentanyl and artificial intelligence.

The tête-à-tête Wednesday between the heads of the world’s two largest economies caps months of work by top officials to reduce tensions and re-establish lines of contact after what US Treasury Secretary Janet Yellen termed a “dangerous situation” of little high-level engagement.

Worst is behind: Morgan Stanley’s Chetan Ahya says US bond yield has peaked, sees 4.2% on 10-year soon

India's economic outlook appears increasingly promising, according to Chetan Ahya, Chief Economist at Morgan Stanley. Speaking on CNBC-TV18, Ahya highlighted a key development in the global financial landscape: the peaking of the US 10-year bond yield, which is expected to positively impact India.

He anticipates a decline in the US 10-year bond yield to 4.2% by the second quarter of 2025 and at 3.95% by the end of next year.

Ahya remains optimistic about India's growth trajectory, projecting a robust 6.4% growth next year. This forecast positions India as a major contributor to global growth, accounting for an impressive 17% in the financial year 2024. Such a significant contribution underscores India's growing influence on the world stage.

Warren Buffett's Berkshire Hathaway trims stake in HP, exits General Motors

Warren Buffett’s Berkshire Hathaway Inc. reduced the number of stocks in its portfolio in the third quarter, exiting stakes in General Motors Co. and Activision Blizzard Inc. while trimming bets on companies including HP Inc.

The conglomerate’s retreat from Activision completes Buffett’s arbitrage play amid the video-game maker’s prolonged effort to merge with Microsoft Corp., which ran into antitrust scrutiny before the deal was completed in October.

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