The U.S. government shutdown of 2025 is sending ripples far beyond American borders, leaving policymakers in Japan, the United Kingdom, and other nations grappling with the absence of vital economic data from the world’s largest economy. The sudden pause in official data releases could cloud international decision-making on currencies, trade, and inflation, illustrating that what

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BENGALURU, India – Canara HSBC Life Insurance Company’s initial public offering (IPO), valued at $283 million, was fully subscribed on the third and final day of bidding on Tuesday, driven primarily by strong demand from institutional investors. The insurer, a joint venture between India’s Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, attracted bids worth 18.97

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BlackRock (NYSE: BLK), the world’s largest asset manager, reported a record $13.46 trillion in assets under management (AUM) for the third quarter, driven by a combination of global market rallies, strategic acquisitions, and strong inflows into its flagship exchange-traded funds (ETFs). The results underscore BlackRock’s dominance in the asset management industry and its ability to

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Britain’s financial regulator, the Financial Conduct Authority (FCA), has announced plans to encourage asset managers to issue tokenised funds on public blockchains, aiming to attract a younger, tech-savvy generation of investors. This initiative represents a significant shift in the FCA’s stance on blockchain technology and digital assets. What Are Tokenised Funds? Tokenisation involves creating digital

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Long-term U.S. Treasury yields are expected to stay elevated despite anticipated Federal Reserve rate cuts, according to a Reuters poll of 75 bond strategists conducted from October 9–13. Sticky inflation, rising deficits, and concerns over Fed independence are limiting the decline in long-term yields, even as short-dated Treasuries are projected to edge lower. Inflation and

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JPMorgan Chase (JPM.N) acknowledged that its exposure to bankrupt auto dealer Tricolor S.a. represented a significant misstep, with CEO Jamie Dimon describing the situation as “not our finest moment” during a conference call on Tuesday. The bank recorded a $170 million charge-off in the third quarter related to Tricolor, highlighting risks in automotive-related lending and

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Goldman Sachs (GS.N) reported stronger-than-expected third-quarter profits on Tuesday, driven by a robust rebound in investment banking dealmaking and growth in asset and wealth management revenue. The results highlight a renewed momentum in financial markets as corporations resume mergers, acquisitions, and initial public offerings (IPOs). Investment Banking Rebound Drives Revenue Goldman’s investment banking fees surged

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London equities fell on Tuesday, dragged down primarily by the mining sector, as investor sentiment was shaken by rising U.S.-China trade tensions. The downturn highlights concerns over potential economic fallout from the ongoing tit-for-tat port fees imposed by the world’s two largest economies. Key Market Movements Notable declines on the FTSE 100 included: The aerospace

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The latest forecasts for European corporate earnings indicate a modest but positive recovery in the region’s corporate health, even amid ongoing global trade uncertainties. Analysts now expect European companies to report an average 0.5% growth in third-quarter earnings, signaling improved resilience in the face of recent economic challenges. Stronger-Than-Expected Earnings Outlook According to LSEG I/B/E/S

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Shares of Polaris Inc. (PII.N) soared in premarket trading on Tuesday, rising more than 10%, after the power-sports vehicle manufacturer announced a strategic spin-off of its Indian Motorcycle unit and provided a third-quarter profit forecast that exceeded Wall Street expectations. Key Highlights: Indian Motorcycle Spin-Off Polaris has agreed to sell a majority stake in its

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