Meta attracted up to $58bn of orders for a USD bond offering—roughly four times the planned at least $15bn deal—while overall cross-border financing is expected to be at least $20bn. The company plans to price a first eurobond as soon as Wednesday. Despite strong demand, Meta must pay materially higher yields: a 2056-dated bond is trading about 220bps over U.S. Treasuries, roughly 90bps wider than similar paper in April. Rising AI investment is lifting funding costs across big tech; large tech b

Australia's S&P/ASX 200 reversed course after the Reserve Bank of Australia raised rates as expected, trading up 0.2% at 8,877.60 points.

India’s early harvest has driven a sharp jump in sugar output, cutting near-term import needs and pressuring global sugar prices. The National Federation of Cooperative Sugar Factories said output in the current crush season reached 845,000 tonnes as of Oct. 31, more than eight times a year earlier. Early gains and investor profit-taking pushed New York raw sugar futures down as much as 3.5% on Tuesday to their lowest since late September; London white sugar futures also fell. Domestic stocks remain low and mills are accelerating production to contain local prices, but markets worry a strong El Nino could reduce yields and push the global sugar market toward a supply deficit; season cumulative output is still expected to be below normal. Greenleaf Consultancy analyst Harsh Soni said the strong start was unsurprising and that markets will react to actual data.