Category: business
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Venezuela Oil Exports Disrupted as U.S. Seizes Tankers, Prompting Shipping U-Turns
Venezuelan oil exports have slowed sharply as the United States escalates its actions against vessels carrying crude from the South American nation. Tracking data and sources indicate that many tankers are now moving only between domestic ports, while several approaching ships have suspended navigation or turned back following U.S. maritime interceptions. U.S. Interventions and Sanctions
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Sweden’s Vattenfall Seeks State Support for New Nuclear Reactors at Ringhals
Sweden’s state-owned utility Vattenfall AB has formally applied for government financing to construct new nuclear reactors at its Ringhals nuclear power plant, marking a critical step in the Scandinavian country’s plan to rejuvenate its nuclear energy sector. Plans for Small Modular Reactors (SMRs) Vattenfall, through its majority-owned subsidiary Videberg Kraft, intends to build small modular
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Oil Prices Stabilize Amid Geopolitical Tensions and Supply Concerns
Oil markets remained largely steady on Tuesday as investors weighed geopolitical risks against ongoing bearish supply fundamentals. Heightened tensions from the Ukraine-Russia conflict and potential U.S. sales of seized Venezuelan crude contributed to a volatile backdrop for energy prices. Geopolitical Tensions Support Oil Prices Oil prices have been under pressure due to oversupply, but geopolitical
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French Lawmakers Rush to Pass Emergency Rollover Budget Law
French lawmakers are moving quickly to approve emergency legislation aimed at keeping the state operational in January 2026, as France’s deeply divided parliament struggles to pass a full annual budget. The measure, proposed by Prime Minister Sebastien Lecornu, will temporarily extend 2025 spending levels while allowing for tax collection and debt issuance. Emergency Stopgap to
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Indian Rupee Ends Flat Amid Dollar Demand and Firm Asian Currencies
The Indian rupee closed flat on Tuesday at 89.65 per U.S. dollar, as persistent dollar demand from local corporates and activity in the non-deliverable forwards (NDF) market counterbalanced gains in most regional currencies. The currency remained under pressure, with traders closely monitoring both importer demand and central bank interventions. Dollar Demand from Importers Weighs on
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Japanese Yen Strengthens Amid Intervention Threat and Dollar Weakness
The Japanese yen strengthened on Tuesday amid broad U.S. dollar weakness, following the most serious warning yet from Tokyo authorities signaling readiness to intervene in currency markets. The move came as the yen hovered near recent lows against major currencies, keeping yen bears cautious despite expectations that near-term weakness may continue. Yen Gains on Intervention
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European New Car Sales Rise for Fifth Month, Driven by Electric Vehicles
New car sales in Europe rose year-on-year in November for the fifth consecutive month, supported by the growing adoption of electric vehicles (EVs) in key markets including Germany, Italy, and Spain, according to data from the European auto lobby ACEA. Surge in Electric Vehicle Registrations Battery electric vehicle (BEV) registrations, a key indicator of EV
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Gold Hits Record High as Silver Joins Rally to New Peak
Gold extended its record-breaking rally on Tuesday, approaching the $4,500 per ounce mark, as a weaker U.S. dollar, geopolitical uncertainty, and strong safe-haven demand bolstered investor interest. Meanwhile, silver surged to an all-time high, outpacing gold with a 142% year-to-date gain, highlighting the strong momentum in precious metals markets. Gold Climbs to Record Levels Spot
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European Construction Stocks Face Reality Check After Record Gains
European construction stocks have been among the standout performers in 2025, fueled by investor enthusiasm over Germany’s infrastructure stimulus, hopes for Ukraine’s reconstruction, and the growing AI-related construction boom. However, analysts caution that the sector’s rich valuations may limit further upside without tangible contract wins. Record Gains in European Construction The STOXX Construction Sector Index
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Novo Nordisk Shares Jump 7.5% After FDA Approves Oral Weight-Loss Pill
Novo Nordisk (NOVOb.CO) shares surged 7.5% in early trading on Tuesday following the U.S. Food and Drug Administration’s approval of its oral weight-loss pill, Wegovy. The approval positions the Danish pharmaceutical company at the forefront of the rapidly expanding obesity treatment market, giving it a crucial first-mover advantage over competitors. First-Mover Advantage in Obesity Treatment
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