Daily Recap: Business — 29 September 2026

Business news is split between confidence and caution, with central banks still tightening policy, equity markets punishing weak results, and boardrooms reassessing both listings and leadership. At the same time, governments and regulators sharpen scrutiny of financial crime, san...

Australia’s central bank raises its cash rate to 4.6%, the highest level since 2011, extending this year’s tightening cycle with a fourth increase. The move pushes borrowing costs higher for households and businesses and signals the Reserve Bank is still prepared to lean against inflation despite mounting pressure on growth.

Shein shares slide to a record low in Hong Kong after the fast-fashion group posts its first earnings since listing and reveals a sharp drop in profit. The stock falls by roughly 11% to 14% in the session as investors react to missed expectations and a steep decline in operating income.

Anthropic tells prospective investors that its most advanced AI models could create catastrophic or even existential risks to humanity, making the warning a prominent part of its IPO disclosures. The filing places extreme technological risk alongside conventional investor concerns as AI companies face growing scrutiny over safety and governance.

Goldman Sachs’ board is discussing a possible succession plan that could see chief operating officer John Waldron replace chief executive David Solomon as early as next year. The talks put leadership transition at the center of attention at one of Wall Street’s most influential firms, even without a formal change announced.

Oura postpones its planned US initial public offering, citing market uncertainty despite strong demand for the deal. The decision highlights how fragile listing conditions remain, with companies still willing to step back from a float rather than risk a debut in unsettled markets.

The United States sanctions 10 entities and individuals accused of helping Iran’s defence establishment procure weapons and related components. The measures target representatives and companies tied to military supply networks, underscoring Washington’s use of financial restrictions to disrupt cross-border procurement channels.

Canada is being pressed to strengthen its investigations and prosecutions of complex money-laundering cases, even as it receives credit for improving its defenses against illicit finance. The review finds authorities better equipped to assess risks, but still facing weaknesses when schemes are sophisticated and professionally organized.

Nigerian President Bola Tinubu meets billionaire Femi Otedola at a private dinner in Paris, where Otedola publicly praises the president’s economic reforms. The meeting draws business attention because it comes amid debate at home over Tinubu’s time abroad and his absence from Nigeria.