Category: business
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U.S. Clears Path for Sale of Lukoil’s International Assets
Washington/New York/London, November 14, 2025 – The U.S. Treasury has authorized potential buyers to enter negotiations to purchase Lukoil’s foreign assets, including its Burgas refinery in Bulgaria, after the country moved to seize the plant. This decision comes amid ongoing sanctions on Russia’s major oil companies, Lukoil and Rosneft, imposed last month due to Russia’s
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Serbia Obtains Temporary Relief for Sanctioned Oil Company NIS
Belgrade, November 15, 2025 – Serbia has successfully secured a three-month reprieve for the Russian-owned oil firm NIS (Naftna Industrija Srbije), which is currently under U.S. sanctions. The temporary exemption comes at a critical time as the country faces potential fuel supply challenges ahead of the winter season, according to a senior government official. NIS,
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US Hedge Funds Trim “Magnificent Seven” Tech Stakes in Q3 While Increasing Exposure to Software, Payments, and E-Commerce
Wall Street’s largest hedge funds significantly reduced their exposure to the so-called “Magnificent Seven” stocks during the third quarter of 2025. Key technology names affected include Nvidia (NVDA.O), Amazon (AMZN.O), Alphabet (GOOGL.O), and Meta (META.O), according to the latest SEC 13-F filings. Meanwhile, several funds increased positions in application software, e-commerce, and payments sectors, reflecting
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Hedge Funds Trim Megacap Tech Holdings in Q3 While Betting on Software, E-Commerce, and Payments
Several of Wall Street’s largest hedge funds reduced their exposure to the so-called “Magnificent Seven” stocks in the third quarter of 2025, including Nvidia, Amazon, Alphabet, and Meta, according to the latest SEC disclosures. At the same time, these funds increased positions in sectors such as application software, e-commerce, and payment processing, signaling a shift
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Berkshire Hathaway Adds $4.3 Billion Alphabet Stake, Further Reduces Apple Holdings Ahead of Buffett’s CEO Exit
Berkshire Hathaway (BRKa.N) has revealed a new $4.3 billion stake in Alphabet Inc. (GOOGL.O) while further trimming its long-held Apple (AAPL.O) shares, marking one of the last portfolio updates under Warren Buffett’s 60-year tenure as CEO. The disclosure, filed with the U.S. Securities and Exchange Commission (SEC), underscores Berkshire’s strategic positioning in the technology sector
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Blackstone Names Franck Petitgas as Vice Chairman for Europe to Drive Strategic Growth
New York & London – November 14, 2025 – Blackstone Inc (BX.N) has announced the appointment of Franck Petitgas as senior managing director and vice chairman for Europe, a newly created role aimed at strengthening the firm’s strategic initiatives and client engagement across the region. Petitgas will officially assume his position in January 2026. Background
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Swiss Lawmakers Urge Government to Soften UBS Capital Rules
Zurich, Switzerland – November 14, 2025 – A second Swiss parliamentary committee has called on the government to ease certain capital requirements for UBS Group AG (UBSG.S), echoing concerns raised last week and intensifying pressure on regulators to avoid disproportionately burdening the country’s largest bank. The upper chamber’s economic affairs and taxation committee issued a
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U.S. and Japan Turn to Fiscal Stimulus as Unconventional Anti-Inflation Tool
Orlando, Florida & Tokyo, Japan – November 14, 2025 – Both the United States and Japan are deploying an unconventional approach to manage inflation: fiscal stimulus. While fiscal spending is traditionally used to boost economies during downturns, leaders in Washington and Tokyo are now using it to mitigate rising living costs, signaling a shift toward
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Investors Navigate “Data Fog” as U.S. Market Faces Uncertainty Ahead of Fed Decisions
New York, U.S. – November 14, 2025 – Investors are grappling with heightened uncertainty in U.S. financial markets following the partial government shutdown, which has left gaps in critical economic data. Analysts warn that this “data fog” could delay or derail anticipated Federal Reserve interest rate cuts, creating turbulence for markets already sensitive to changes
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Gold Trims Gains as Fed Rate-Cut Hopes Fade Amid Hawkish Commentary
Gold prices pared earlier gains on Friday as hawkish remarks from U.S. Federal Reserve officials dampened expectations for a December interest rate cut. Despite this, bullion remained on track for a weekly gain, supported by lingering economic uncertainty and cautious sentiment across financial markets. As of 0930 GMT, spot gold stood at $4,169.58 per ounce,
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