Berlin – Germany’s private sector growth lost momentum in November, according to a preliminary Purchasing Managers’ Index (PMI) survey released on Friday, with the manufacturing sector contracting and the services sector expanding at a slower pace than expected. The data highlights a mixed picture for Europe’s largest economy as it heads into the fourth quarter.

Read more...

Paris – France’s business activity nearly stabilized in November, driven by unexpected growth in the services sector, which helped offset a sharper-than-anticipated decline in manufacturing output, according to a survey released on Friday. The data suggests that while the French economy faces ongoing challenges, there are emerging signs of resilience in key sectors. The HCOB

Read more...

London – Key economic indicators suggest that the UK economy is showing signs of slowing as finance minister Rachel Reeves prepares to announce next week’s budget, with expectations that she will raise taxes once again. Data released on Friday highlight challenges facing businesses, consumers, and public finances, underscoring the difficult balancing act for the government

Read more...

New Delhi – India has announced the implementation of four new labour codes designed to simplify and modernize the country’s decades-old labour laws. The Ministry of Labour and Employment stated that the reforms aim to enhance wages, workplace safety, social security, and employee welfare across all sectors of the workforce. The new regulations mark a

Read more...

Beijing – China’s crude oil imports from Indonesia have surged to unusually high levels in 2025, a trend that traders say masks shipments of sanctioned Iranian crude being trans-shipped in Malaysian waters. This development comes amid increased scrutiny of cargoes originating from Malaysia, a major trans-shipment hub for Iranian oil. According to market participants, some

Read more...

Bengaluru – India’s Axis Bank has announced plans to raise up to 50 billion rupees ($559 million) via debt securities through a private placement, signaling the bank’s ongoing strategy to strengthen its capital base and fund growth initiatives. The proposed fundraise includes 20 billion rupees through debentures and an additional 30 billion rupees via a

Read more...

Bengaluru – Indian lender Kotak Mahindra Bank has announced a significant corporate action to enhance stock liquidity and attract retail investors. The bank declared on Friday that it will execute a share split, dividing each existing share into five shares. This move, also known as a stock split, will reduce the face value of individual

Read more...

Bengaluru – Gold prices fell more than 1% on Friday, heading for a weekly decline as a stronger-than-expected U.S. jobs report dampened expectations of a Federal Reserve interest rate cut next month. The decline weighed on the non-yielding precious metal, highlighting the impact of macroeconomic indicators on gold’s performance. Spot gold traded at $4,047.14 per

Read more...

Bengaluru – Australia’s securities watchdog has issued a new warning about the risks posed to retirement savings by poor advice on self-managed superannuation funds (SMSFs). According to the Australian Securities and Investments Commission (ASIC), more than a quarter of the reviewed cases revealed advisers giving recommendations that could seriously jeopardize Australians’ retirement nest eggs. In

Read more...

New York – Citadel, the global financial powerhouse founded by billionaire Ken Griffin, has reported strong performance across its flagship and specialized funds, according to a source familiar with the matter. The firm’s flagship Wellington fund posted a 1.8% return in October, bringing its year-to-date performance to 6.8%. This performance reflects Citadel’s continued ability to

Read more...