Category: finance
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FTSE 100 Slips as Energy and Industrial Stocks Weigh; SSE Surges on £33 Billion Investment Plan
London, November 12, 2025 — The UK’s FTSE 100 index edged slightly lower on Wednesday, retreating from record highs after two consecutive sessions of gains. Losses in industrial and energy shares dragged the blue-chip index down, even as optimism around a potential U.S. government shutdown resolution buoyed broader market sentiment. As of 12:14 GMT, the
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Tata Steel Reports Fourfold Surge in Quarterly Profit Amid Strong Domestic Demand and Lower Taxes
Mumbai, India – November 12, 2025 — Tata Steel Ltd (TISC.NS), India’s second-largest steel producer by market capitalization, announced a massive fourfold increase in quarterly profit for the quarter ended September 30, 2025. The sharp rise was driven by strong demand in key markets, robust domestic consumption, and lower tax expenses, helping offset the challenges
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Loblaw Raises Annual Profit Forecast as Grocery and Pharmacy Sales Stay Strong
Toronto, Canada – Canadian retail giant Loblaw Companies Ltd. (L.TO) raised its full-year profit outlook on Wednesday after posting stronger-than-expected third-quarter earnings. The company cited resilient grocery and pharmacy demand as Canadians continue to turn to discount stores and locally made products amid ongoing economic uncertainty and rising cross-border trade tensions. Resilient Consumer Demand Drives
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Trump to Host JP Morgan’s Jamie Dimon and Top Wall Street Executives at White House Dinner
U.S. President Donald Trump is set to host a private dinner at the White House on Wednesday with some of Wall Street’s most influential leaders, including JPMorgan Chase CEO Jamie Dimon and other top financial executives. According to administration officials, the gathering highlights the Trump administration’s ongoing efforts to strengthen ties with major U.S. corporations
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Gold Prices Hold Steady Ahead of Crucial U.S. House Vote on Government Reopening
Gold prices remained steady on Wednesday as investors closely watched the U.S. House of Representatives prepare to vote on a pivotal measure aimed at reopening the federal government. The vote could bring much-needed clarity to the U.S. economic landscape and shape the Federal Reserve’s potential interest rate decisions in the months ahead. As of 11:58
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Senegal President and Ruling Party Clash Over Leadership Amid IMF Talks
Senegal is facing a political standoff as President Bassirou Diomaye Faye and his own ruling party issue conflicting statements regarding the leadership of the governing coalition. The dispute has emerged at a critical moment, as the West African nation seeks to resume negotiations with the International Monetary Fund (IMF) following a suspension of financial support
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Guinea Launches Simandou Iron Ore Production to Boost Global Premium Ore Influence
Guinea has officially launched production at its Simandou iron ore project, one of the world’s largest high-grade deposits, signaling its ambition to maintain high global prices for premium iron ore. Senior Guinean officials highlighted that the country’s strategy may challenge China’s dominance in the global steelmaking material market, where the nation consumes more than 70%
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Bayer Warns of 2025 Earnings Hits from Lawsuits and Executive Buyouts
German pharmaceutical and crop science giant Bayer AG announced on Wednesday that it expects higher one-off costs in 2025 due to ongoing litigation provisions and executive buyouts as part of its global restructuring efforts. The company’s revised outlook underscores the continued financial impact of product liability lawsuits and strategic cost-cutting measures. Rising Litigation Costs Weigh
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Japan’s Top Economic Panel Sees Reflationist Push for Larger Stimulus Under PM Takaichi
Japan’s government is signaling a stronger reflationist approach to fiscal policy under Prime Minister Sanae Takaichi, as two newly appointed members of the nation’s top economic panel call for an economic stimulus package exceeding last year’s 13.9 trillion yen ($92.2 billion). The move highlights a shift toward more aggressive spending to counter economic slowdown and
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British Pound Falls Amid Political Uncertainty and Starmer Leadership Speculation
The British pound slipped for a second consecutive day on Wednesday, fueled by a combination of soft labour market data and growing political uncertainty surrounding Prime Minister Keir Starmer. Reports in UK media indicated that Starmer may be facing potential leadership challenges, adding to market volatility and weighing on sterling. Political Concerns Weigh on Sterling
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