Category: finance
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IMF Likely to Reclassify India’s Foreign Exchange Management Framework: Bloomberg Report
The International Monetary Fund (IMF) is reportedly preparing to reclassify India’s foreign exchange (FX) rate management regime, signaling a potential shift in the global evaluation of the country’s currency policy, according to Bloomberg News. This development comes amid rising rupee volatility and evolving strategies under the leadership of the Reserve Bank of India (RBI). IMF’s
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Sterling Options Volatility Nears “Liberation Day” Highs Ahead of UK Budget 2025
As the United Kingdom prepares for Finance Minister Rachel Reeves’ 2025 budget, financial markets are showing signs of heightened nervousness. The volatility of sterling options has surged, reaching levels not seen since the so-called “Liberation Day” market turbulence in April. Traders are increasingly hedging against sharp near-term movements in the pound, reflecting uncertainty over the
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UK Budget 2025: Finance Minister Rachel Reeves’ Tax Options and Fiscal Plans
As the UK government prepares for the 2025 budget, Finance Minister Rachel Reeves faces critical decisions on taxation and public spending to maintain fiscal discipline and fund welfare initiatives. With bond investors closely monitoring the fiscal strategy, Reeves’ upcoming budget could introduce significant tax changes while staying aligned with her self-imposed fiscal rules. This article
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UK Retailer Confidence Crashes to Lowest Level in 17 Years Ahead of High-Stakes Budget
UK Retail Confidence Plummets as Budget Uncertainty Looms Britain’s retail sector is facing its sharpest collapse in confidence in 17 years, according to new data released on Tuesday, just one day before the government unveils a budget expected to bring tax increases and tighter fiscal measures. A survey by the Confederation of British Industry (CBI)
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Sterling Rises Ahead of UK Budget as Traders Brace for Volatility Spike
Pound Extends Gains as Markets Eye High-Stakes UK Budget Sterling rose for a fourth consecutive session on Tuesday, with investors closely watching the growing tension in currency markets ahead of Britain’s highly anticipated budget announcement. The pound strengthened both against the U.S. dollar and the euro, even as traders rushed into the options market to
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Dollar Holds Steady as Markets Eye Potential U.S. Rate Cuts; Yen Remains on Intervention Watch
Dollar Stays Firm Despite Surge in Rate-Cut Expectations The U.S. dollar held steady on Tuesday, even as investors sharply increased their expectations for a potential Federal Reserve interest rate cut in December. Dovish comments from multiple Fed policymakers have pushed traders to anticipate easing sooner than previously forecast, though the dollar has so far remained
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Alibaba Beats Quarterly Revenue Estimates as Delivery Expansion and Cloud Growth Drive Performance
Alibaba Posts Strong Quarter, Surpassing Analyst Revenue Forecasts Chinese e-commerce giant Alibaba reported quarterly revenue that exceeded market expectations on Tuesday, supported by continued investment in one-hour delivery services and robust growth in its cloud computing business. The strong results lifted Alibaba’s U.S.-listed shares 2.5% in premarket trading, signaling renewed investor confidence in the company’s
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Equinor to Drill 250 New Oil and Gas Exploration Wells in Norway by 2035
Equinor Unveils Major Exploration Plan to Sustain Long-Term Production Equinor, Norway’s state-backed energy giant, has announced an ambitious plan to drill 250 oil and gas exploration wells on the Norwegian continental shelf over the next decade. The initiative aims to ensure that the company maintains 2035 output levels equal to those of 2020, reflecting expectations
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Stellantis Chairman Warns European Car Industry Faces Risk of “Irreversible Decline”
European Auto Sector at a Critical Turning Point, Says Stellantis Chairman Stellantis Chairman John Elkann issued a stark warning on November 25, stating that the European automotive industry is at risk of entering an “irreversible decline” unless urgent policy adjustments are made. Speaking at an event in Turin, Italy, Elkann emphasized that Europe’s carmakers are
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UK Announces Anti-Dumping Duties on Chinese Biodiesel Imports Amid Market Concerns
UK Targets Unfairly Priced Chinese Biodiesel With New Tariffs The United Kingdom has announced the introduction of anti-dumping duties on biodiesel imported from China, following an official investigation that concluded Chinese producers were selling biodiesel in the UK at unfairly low prices. The decision, revealed on November 25, represents a significant step in the UK’s
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