Category: business
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Indian Rupee Ends Flat as State Banks Offset Dollar Outflow Pressure
The Indian rupee closed almost unchanged on Thursday, 27 November 2025, as intermittent dollar sales by state-run banks offset pressure from corporate debt repayments and routine importer hedging demand. The rupee ended at 89.3050 per U.S. dollar, a marginal decline from 89.27 in the previous session. Traders say the rupee has stabilized after touching a
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FTSE 100 Dips as Energy and Consumer Staples Stocks Weigh; FTSE 250 Edges Higher
The FTSE 100 slipped 0.3% on Thursday, 27 November 2025, as losses in consumer staples and energy stocks weighed on the index. Meanwhile, the domestically focused FTSE 250 inched higher by 0.1%, reflecting a mixed tone in the UK equity market. The decline in FTSE 100 follows Finance Minister Rachel Reeves’ budget announcement, which raised
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Global Stocks Edge Higher as Investors Bet on Fed Rate Cuts; Yen Remains Under Intervention Watch
Global stock markets edged higher on Thursday, 27 November 2025, as investors increasingly priced in a Federal Reserve rate cut in December. The holiday-shortened week in the United States kept trading activity muted, but a broadly positive tone dominated both equities and currencies. Meanwhile, the Japanese yen remained in focus as it hovered in the
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Nigeria’s Central Bank Keeps Benchmark Interest Rate at 27% as Inflation Pressures Persist
Nigeria’s central bank has opted to maintain its benchmark interest rate at 27%, Governor Olayemi Cardoso announced on Tuesday, signaling a cautious approach as the country continues to battle elevated inflation. The decision comes despite expectations from some economists who had anticipated a rate cut. Analysts Expected a Reduction, but Inflation Remains a Key Risk
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Sunil Mittal-Backed Firm Plans Sale of 34 Million Bharti Airtel Shares, Deal Document Reveals
A major shareholder group led by Indian billionaire Sunil Mittal is set to offload more than 34 million shares in Bharti Airtel, one of India’s largest telecom companies, according to a deal document reviewed on Tuesday. The seller, Indian Continent Investment, plans to execute the transaction through bulk deals, a common method used for large-scale
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Taiwan Denies Talks With South Korea on U.S. Chip Tariffs, Says Discussions Only With Washington
Taiwan’s Premier Cho Jung-tai said on Tuesday that his government has no knowledge of any joint effort with South Korea regarding U.S. semiconductor tariffs proposed under President Donald Trump’s trade agenda. Cho clarified that Taiwan is currently engaged exclusively in direct negotiations with the United States, despite recent comments from South Korean officials suggesting potential
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BB Energy Undergoes Major Overhaul as Houston Traders Exit Amid Global Reorganization
BB Energy, one of the world’s largest independent energy trading firms, has initiated a major restructuring that includes layoffs in its Houston office and the departure of several traders, according to multiple industry sources. The move is part of a broader strategy to tighten operational efficiency and refocus on high-return segments of the business. Company
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Inflation Pressures Slow U.S. Income Growth Ahead of Holiday Shopping Season, New Study Shows
A new analysis from the JPMorgan Chase Institute indicates that inflation continues to weaken the growth of household income in the United States, raising concerns about how much consumers will be able to spend during the upcoming holiday shopping season. The report shows that, after adjusting for inflation, income gains for many Americans have slowed
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U.S. Futures Dip as Investors Await Key Economic Data; Alphabet Surges on AI Chip Talks
U.S. Futures Dip as Investors Await Key Economic Data; Alphabet Surges on AI Chip Talks U.S. stock index futures edged lower on Tuesday following a strong tech-driven rally the previous day, as investors turned their attention to upcoming economic data and corporate earnings that may reveal more about the strength of the American consumer. While
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Google and Accel Join Forces to Back Indian AI Startups
Alphabet Inc.’s Google (NASDAQ: GOOGL) has partnered with venture capital firm Accel to fund at least 10 early-stage Indian AI startups, marking Google’s first co-investment initiative in India. The move reflects the growing attention from U.S. tech giants toward India, a rapidly expanding market with nearly one billion internet users and significant opportunities in AI-driven
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