Category: finance
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Apple Poised for Strong iPhone 17 Sales Amid Premium Pro Demand
Cupertino, October 29, 2025 – Apple Inc. (AAPL.O) is on track for a strong holiday quarter, driven by early demand for its new iPhone 17 lineup, despite delays in the release of its artificial intelligence (AI) features. Analysts expect the company’s fiscal fourth-quarter revenue to rise 7.6% to $102.17 billion, buoyed by the popularity of
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EU Merger Rules Not a Barrier to Telecom Scaling, Says Senior EU Antitrust Official
Copenhagen, October 29, 2025 – European Union (EU) merger rules do not prevent telecom operators from scaling through acquisitions, a senior European Commission antitrust official stated on Wednesday, addressing concerns from the European telecom industry over regulatory hurdles. More than 20 of Europe’s largest telecom providers recently urged Commission President Ursula von der Leyen to
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Market Liquidity Concerns Signal Possible End to Federal Reserve’s Quantitative Tightening
Washington, October 28, 2025 – Concerns over market liquidity and rising short-term interest rates are prompting economists to anticipate the Federal Reserve (Fed) may soon end its quantitative tightening (QT) program, and some analysts even foresee a return to balance sheet expansion in early 2026. Wall Street expectations have rapidly shifted toward an imminent end
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HSBC Expands Startup-Focused Innovation Banking to Singapore, Allocates $1.5 Billion
New York/Singapore, October 29, 2025 – HSBC Holdings (HSBA.L) has expanded its innovation banking business to Singapore, pledging to allocate $1.5 billion to support startup companies in the city-state as part of its global push to serve high-growth businesses. The initiative, which began in 2023, was launched after HSBC recruited dozens of employees from the
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TSX Futures Cautious Ahead of Bank of Canada and Federal Reserve Rate Decisions
Toronto, October 29, 2025 – Futures on Canada’s main stock index, the S&P/TSX composite, remained largely unchanged on Wednesday as investors adopted a cautious stance ahead of upcoming interest rate decisions from both the Bank of Canada (BoC) and the U.S. Federal Reserve (Fed). As of early trading, December TSX futures were down 0.02% at
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US Dollar Stablecoins Pose Challenges for Global Monetary Policy, Says India’s Chief Economic Adviser
Mumbai, October 29, 2025 – The growing use of U.S. dollar stablecoins is set to be a major financial phenomenon in 2026 and could present significant challenges for global monetary policy, according to India’s Chief Economic Adviser, V. Anantha Nageswaran. Speaking at a financial event in Mumbai on Wednesday, Nageswaran noted that the rise of
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Iranian Oil Discounts to China Widen Amid Sanctions and Quota Shortages
Singapore, October 29, 2025 – Discounts on Iranian crude oil offered to China have reached their widest level in over a year, driven by tightening sanctions on Iran and Russia, combined with a shortage of crude import quotas for independent Chinese refiners. Trade sources reported on Wednesday that recent sanctions imposed by the United States,
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Indian Rupee Edges Higher as Market Awaits Federal Reserve Policy Decision
Mumbai, October 29, 2025 – The Indian rupee closed slightly higher on Wednesday, supported by potential central bank intervention, as traders closely monitored the upcoming U.S. Federal Reserve policy announcement. The modest recovery comes amid month-end dollar demand and a backdrop of mixed sentiment in Asian currency markets. The rupee dipped to 88.3450 earlier in
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U.S. and South Korea Reach Major Trade Agreement Amid Trump’s Asia Tour
Gyeongju, South Korea, October 29, 2025 – U.S. President Donald Trump announced on Wednesday that the United States has reached a new trade deal with South Korea, a development that immediately strengthened the South Korean won against the U.S. dollar. The agreement aims to reduce economic uncertainty for South Korea, a nation heavily dependent on
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Saudi Arabia Forecasts 5.1% Real GDP Growth in 2025 as Non-Oil Sector Drives Economic Diversification
Riyadh, October 29, 2025 – Saudi Arabia’s Minister of Economy and Planning, Faisal Alibrahim, has projected robust economic growth for the kingdom in 2025, with real GDP expected to increase by 5.1%, fueled primarily by the expanding non-oil sector. This announcement underscores Saudi Arabia’s ongoing efforts to diversify its economy and reduce reliance on oil
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