TSMC (TSM.N) to add mature-node manufacturing capacity in Japan.

Fed chair Kevin Warsh expects AI to push up observed price levels over the next 12 months; whether AI causes inf will depend on the Fed.

The UK Treasury and No.10 have held talks with private equity firms, including General Atlantic and Elliott Investment Management, asking why they have not pushed UK portfolio companies to list in London, the FT reports. The meetings are part of government work to revive London Stock Exchange listings amid a prolonged IPO drought; only one large IPO has completed this year — Uzbekistan’s state investment fund UzNIF. Several UK companies are reportedly considering delaying planned London IPOs until 2027. Discussions centered on stamp duty on share transactions, pension reform and how countries such as Sweden encourage domestic investors into local equities.