Category: finance
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China Issues First Batch of 2026 Crude Oil Import Quotas for Independent Refiners
China has released the first batch of crude oil import quotas for 2026 for its independent refiners, a move expected to support the world’s largest oil-importing nation and help alleviate a supply glut in the domestic market. The quota release, announced on 27 November 2025, is seen as a key step in facilitating oil shipments
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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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Trump Launches National AI Initiative to Build Platform Using Federal Scientific Data
U.S. President Donald Trump has signed a sweeping executive order that sets in motion a government-wide initiative to create a unified artificial intelligence platform capable of leveraging massive federal scientific datasets. The plan, known as the Genesis Mission, aims to accelerate breakthroughs across science, engineering, energy, health, and national security by using advanced AI models
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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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