Category: finance
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Sonova Reports Half-Year Core Profit Below Expectations Amid Currency Headwinds
Swiss hearing aid manufacturer Sonova Holding (SOON.S) reported a half-year core profit below market expectations on Friday, primarily due to adverse currency exchange effects, causing its shares to drop 3% in early trading. The company, which derives roughly one-third of its sales from the U.S. market, faced significant headwinds as a weakened U.S. dollar translated
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Adani Group to Invest $7.17 Billion in Assam Energy Projects, Including Region’s Largest Coal Power Plant
India’s Adani Group announced on Friday plans to invest approximately 630 billion rupees ($7.17 billion) in two major energy projects in the northeastern state of Assam, signaling a significant expansion of private investment in India’s power sector. The investment includes the construction of the largest privately built coal-fired power plant in Assam, part of the
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Ukraine Drone Attack Forces Novorossiysk Port to Halt Russian Oil Exports
Russia’s Black Sea port of Novorossiysk suspended oil exports on Friday following a Ukrainian drone attack, according to industry sources. The incident also prompted Transneft, Russia’s oil pipeline monopoly, to halt crude supplies to the port, a key hub for Russian energy exports to global markets. The attack, which occurred earlier in the day, reportedly
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Bulgaria May Secure Six-Month Postponement of U.S. Sanctions on Lukoil, Says GERB Party Leader
Bulgaria could obtain a six-month delay in U.S. sanctions targeting Russian oil giant Lukoil, according to Boyko Borissov, leader of the ruling GERB party. The potential postponement comes amid growing concerns over fuel supply stability ahead of the winter season. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) announced last month sanctions on Russia’s
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Investors Urge Argentina to Allow More Flexible Peso Amid Reserve and FDI Concerns
November 14, 2025 – Investors are pressing Argentina’s government to introduce greater flexibility in its foreign exchange regime, saying a more dynamic peso could help rebuild reserves and attract foreign direct investment (FDI), even as President Javier Milei and Economy Minister Luis Caputo insist the current band system will remain through 2027. Peso Pressure and
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UK Bonds, Stocks, and Sterling Slide Amid Budget Rumors
November 14, 2025 – British government bonds, equities, and the pound fell sharply on Friday after reports suggested the upcoming UK budget would abandon previously expected income tax hikes. Sharp Rise in Bond Yields The 10-year UK government bond yield jumped 10 basis points to 4.54%, marking its largest one-day rise since early July. In
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European Shares Dip as U.S. Rate Cut Expectations Fade
November 14, 2025 – European equities fell on Friday after hawkish signals from U.S. Federal Reserve officials dampened hopes for an imminent interest rate cut. Despite the decline, the pan-European benchmark was poised for its strongest weekly gain since late September. STOXX 600 Index Retreats The STOXX 600 dropped 0.9% to 575.41 points as of
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Global Stocks Slide as Fed Rate Cut Hopes Fade
London, Nov 14, 2025 – World stock markets tumbled on Friday after Federal Reserve officials signaled a more hawkish stance, dampening expectations of a December interest rate cut. The sell-off was compounded by weak economic data, concerns over an AI-driven tech bubble, and UK budget uncertainty. Wall Street Futures Point to Lower Open U.S. stock
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Marico Misses Profit Estimates Amid Rising Raw Material Costs
Mumbai, India – November 14, 2025: Indian fast-moving consumer goods (FMCG) giant Marico Ltd reported quarterly profit figures below analyst expectations on Friday, as soaring raw material costs weighed on margins. Q2 Profit Falls Short of Estimates For the second quarter ended September 30, 2025, Marico posted a 0.7% year-on-year decline in net profit to
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Andrej Babis Offers Plan on Business Holdings to Secure Czech Prime Minister Role
Czech billionaire and ANO party leader Andrej Babis has signaled he will publicly outline how he intends to manage his extensive business empire before being appointed Prime Minister of the Czech Republic. The move aims to satisfy President Petr Pavel and address longstanding concerns over conflicts of interest in government. Background: ANO Victory and Government
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