Category: finance
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U.S. and China to Hold Malaysia Talks in Bid to Defuse Tariff Tensions
WASHINGTON, October 18, 2025 — U.S. Treasury Secretary Scott Bessent announced that he will meet with Chinese Vice Premier He Lifeng next week in Malaysia to prevent an escalation in U.S. tariffs on Chinese goods. The high-level meeting aims to revive dialogue between the world’s two largest economies amid mounting trade tensions triggered by President
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Heathrow Considers Former BT Chief Philip Jansen for Chairman Role
LONDON, October 18, 2025 — Former BT Group CEO Philip Jansen, currently serving as Chairman of marketing conglomerate WPP, is reportedly in advanced talks with Heathrow Airport’s board and major shareholders to become the next chairman of the UK’s largest airport, according to a Sky News report published on Saturday. If negotiations are successful, Jansen
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Oil Prices Set for Weekly Loss as Geopolitical Calm and Oversupply Concerns Pressure Markets
HOUSTON, October 17, 2025 — Oil markets are poised to record their first significant weekly decline in nearly a month, as easing geopolitical tensions and signs of a growing supply glut weigh on investor sentiment. According to Reuters, both Brent crude and U.S. West Texas Intermediate (WTI) saw modest gains on Friday but were on
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Zaporizhzhia Nuclear Power Plant Repairs Begin After Ceasefire Zones Established, Confirms IAEA Chief Rafael Grossi
October 18, 2025 — Kyiv / London:Repair work has officially begun on the damaged power lines serving Ukraine’s Zaporizhzhia Nuclear Power Plant (ZNPP) after a four-week outage, marking the first tangible progress in restoring external electricity to the site since the escalation of regional fighting last month. According to Rafael Grossi, Director General of the
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ICICI Bank Q2 2025 Results: Higher-Than-Expected Profit Driven by Lower Provisions
MUMBAI, Oct 18, 2025 — ICICI Bank Ltd. (ICBK.NS), India’s second-largest private lender by market capitalization, reported a stronger-than-expected profit for the quarter ended September 2025, supported by lower provisions against bad loans even as treasury income declined due to volatile bond markets. The Mumbai-based bank posted a standalone net profit of ₹123.59 billion ($1.40
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IndusInd Bank Reports Net Loss in Q2 2025 After Leadership Transition and Higher Provisions
MUMBAI, Oct 18, 2025 — Indian private lender IndusInd Bank Ltd. (INBK.NS) reported a net loss of ₹4.36 billion ($49.56 million) for the quarter ended September 2025, marking its first quarterly loss under new CEO Rajiv Anand. The results come as the bank strengthens provisions for bad loans and reevaluates its business strategy following a
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Global Film Industry Shrugs Off Trump’s Renewed Movie Tariff Threat
The global film industry appears largely unfazed by U.S. President Donald Trump’s renewed proposal to impose 100% tariffs on films produced overseas, despite the potential economic shock such a policy could trigger. Major studios and streaming giants continue to film across the globe — from Britain and Hungary to Australia and Canada — suggesting confidence
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Barcelona Extend Spotify Partnership Until 2034 in Record-Breaking Sponsorship Deal
FC Barcelona have announced a landmark long-term extension of their sponsorship agreement with Spotify, securing the streaming giant’s presence on both the men’s and women’s first team kits through 2030, while maintaining naming rights to the Camp Nou until 2034. The expanded deal, finalized this week, marks one of the most lucrative sponsorship agreements in
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U.S. Equity Funds Face $4.5 Billion Outflows Amid Profit-Taking and Government Shutdown Fears
U.S. investors pulled money out of equity funds for the first time in three weeks as mounting fears of a potential government shutdown and a wave of profit booking after recent market rallies triggered caution across Wall Street. According to data from LSEG Lipper, U.S. equity funds witnessed net outflows of $4.52 billion during the
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JPMorgan Says Leveraged ETFs Deepened Wall Street’s Friday Selloff Amid U.S.-China Trade Tensions
The sharp selloff that rattled Wall Street on Friday was exacerbated by leveraged exchange-traded funds (ETFs), according to a new report by JPMorgan’s Americas equities derivatives strategy team.The bank estimated that roughly $26 billion in leveraged ETF-related selling hit U.S. equity markets during the session’s close, intensifying the slide that had already been triggered by
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