Category: finance
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New World Development to Cut $1.3 Billion of Debt Following Early Bond Swap
Hong Kong, November 18, 2025 – New World Development (0017.HK), one of Hong Kong’s largest and most indebted property developers, announced on Tuesday that it expects to reduce $1.3 billion of its debt following the early deadline for its U.S. dollar bond exchange offer. The majority of the debt reduction comes from perpetual bonds. The
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Japan Ruling-Party Panel Proposes $161 Billion Supplementary Budget to Fund Stimulus
Tokyo, November 18, 2025 – A ruling-party panel of lawmakers close to Japanese Prime Minister Sanae Takaichi proposed a supplementary budget exceeding 25 trillion yen ($161 billion) on Tuesday to fund the premier’s planned economic stimulus package. This proposal is nearly double last year’s extra budget of 13.9 trillion yen, reflecting growing political pressure to
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TotalEnergies to Appeal French Antitrust Fine Over Corsica Fuel Supply
Paris, November 18, 2025 – French oil and gas giant TotalEnergies SE (TTEF.PA) announced on Tuesday that it will appeal a ruling by the French Competition Authority that imposed a fine on the company over its petroleum supply practices in Corsica. The decision comes as TotalEnergies disputes the regulatory authority’s assessment, citing the disproportionate nature
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CNPC Launches China Petroleum Electric Energy Co Ltd in Beijing to Expand New Energy Business
Beijing, November 18, 2025 – China National Petroleum Corporation (CNPC) officially inaugurated its power unit, China Petroleum Electric Energy Co Ltd, in Beijing on Monday, signaling the state-owned oil giant’s strategic push into the new energy sector. The power unit is intended to serve as CNPC’s core hub for its market-oriented power transition, as well
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Reliance Industries Purchases 1 Million Barrels of Crude from Kuwait Petroleum Corporation
Singapore, November 18, 2025 – India’s Reliance Industries Ltd (RELI.NS) has purchased 1 million barrels of crude oil from Kuwait Petroleum Corporation (KPC) via a tender, according to four trade sources familiar with the transaction. The deal marks a strategic addition to Reliance’s refining portfolio amid shifting global supply dynamics. The sale follows a tender
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Reserve Bank of Australia Signals Cautious Approach on Cash Rate Amid Strong Economic Data
Sydney, November 18, 2025 – The Reserve Bank of Australia (RBA) indicated on Tuesday that it may maintain the current cash rate of 3.6% for a longer period if incoming economic data continues to surprise on the strong side. However, the central bank also highlighted scenarios where further policy easing could be necessary depending on
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Bank of England to Maintain Core Protections in Ring-Fencing Regime, Sources Say
London, November 18, 2025 – The Bank of England (BoE) is preparing to introduce targeted adjustments to Britain’s bank ring-fencing rules, while resisting a full-scale reform demanded by lenders, according to sources familiar with the matter. The move reflects the central bank’s focus on maintaining core protections for depositors and taxpayers amid a wider government
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Amundi Acquires 10% Stake in UK’s ICG to Drive Private Markets Growth
Paris, November 18, 2025 – Amundi (AMUN.PA), Europe’s largest asset manager, has announced the acquisition of a 9.9% stake in London-listed Intermediate Capital Group (ICG) as part of its strategic push into private markets. The move aligns with Amundi’s ambitious three-year growth plan, aimed at expanding its footprint in alternative asset classes such as private
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ING Bank Slaski to Acquire Remaining 55% Stake in Goldman Sachs TFI
ING Bank Slaski, the Polish unit of Dutch banking giant ING Groep, has agreed to acquire the remaining 55% stake in Polish asset management company Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million zlotys ($108 million). Prior to the deal, ING Bank Slaski already owned 45% of Goldman Sachs TFI
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Investors Remain Bullish, but Market Positioning Could Pose Headwinds – BofA Survey
Global investors increased allocations to equities and commodities in November, yet low cash levels are raising concerns that bullish positioning may now act as a headwind for markets, according to Bank of America’s (BofA) monthly fund manager survey. The survey, conducted from Nov. 7–13 and covering 172 fund managers managing $475 billion, highlighted the potential
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