Category: finance
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ConocoPhillips Raises Dividend and Lifts Production Forecast After Strong Q3 Earnings
November 6, 2025 – Reuters – ConocoPhillips (COP.N), the largest independent U.S. oil and gas producer, reported stronger-than-expected third-quarter earnings on Thursday, prompting the company to increase its quarterly dividend and raise its full-year production guidance. The results were driven by higher output and lower operational costs, which offset weaker global oil prices. Shares of
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Slovak Refiner Slovnaft Faces Supply Disruption After JANAF Reduces Non-Russian Crude Deliveries
November 6, 2025 – Slovak oil refiner Slovnaft, part of Hungary’s MOL Group, has announced that Croatian pipeline operator JANAF has cut deliveries of non-Russian crude, creating significant challenges for the refinery’s efforts to diversify away from Russian oil. The move threatens the supply of alternative fuels to Central Europe, raising concerns over energy security
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Warner Bros Discovery Misses Q3 Expectations Amid Streaming Challenges and Strategic Uncertainty
November 6, 2025 – Reuters – Warner Bros Discovery (WBD) reported a quarterly performance that fell short of analyst expectations on Thursday, as weak growth in its streaming platforms and ongoing declines in cable TV revenue overshadowed strong results from its studio division. The media conglomerate, which owns HBO Max, Discovery+, and a portfolio of
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Bank of England Policymakers Reveal Divergent Views Ahead of November Rate Decision
LONDON, November 6, 2025 – The Bank of England (BoE) has publicly disclosed, for the first time, the individual views of its Monetary Policy Committee (MPC) members following the latest interest rate decision, revealing a closely divided outlook on the UK’s economic future. In a narrow 5-4 vote, the MPC opted to keep the Bank
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Bank of England Holds Rates in Tight 5-4 Decision Amid Slowing Inflation
London: The Bank of England (BoE) decided to keep interest rates unchanged at 4.0% on Thursday in a razor-thin 5-4 vote, signaling cautious optimism as signs emerge that inflation may be slowing. The decision briefly pushed the pound slightly higher against the dollar, while UK government bond prices rose. Governor Andrew Bailey cast the deciding
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Sainsbury’s Raises Profit Outlook, Enters Christmas Period with Strong Momentum
London: British supermarket chain Sainsbury’s (SBRY.L) has raised its full-year profit outlook after a stronger-than-expected first half, signaling optimism heading into the critical Christmas trading season. The company’s shares rose 2% on Thursday, extending its year-to-date gains to 26%, reflecting investor confidence in its strategy and performance. CEO Simon Roberts said, “So while we expect
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Tapestry Raises Annual Targets as Coach Tabby Bags Drive Strong Sales
New York: Luxury fashion conglomerate Tapestry Inc. (TPR.N) lifted its annual profit and sales targets on Thursday, fueled by strong demand for Coach’s Tabby handbags, strategic product adjustments at Kate Spade, and effective management of tariff pressures. Despite the upbeat forecast, Tapestry shares fell roughly 7% in premarket trading, following a nearly 70% surge in
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Under Armour Forecasts Lower Annual Sales and Profit, Announces CFO Transition
Maryland, U.S.: Sportswear giant Under Armour (UAA.N) projected annual revenue and profit below Wall Street expectations on Thursday, citing a combination of declining consumer demand and rising tariff costs. The company also announced a change in its chief financial officer, signaling a shift in its financial leadership strategy. Shares of Under Armour were slightly lower
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EU Says Digital Platforms Must Not Allow Pornography or Weapons Sales
Brussels: The European Commission is engaging with French authorities and Chinese online retailer Shein following a complaint by France regarding prohibited content on the platform. French officials raised concerns that Shein may be allowing pornographic content and weapons sales, which are strictly prohibited under European Union law. An EU spokesperson confirmed that the commission has
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China Urges UK to Manage Differences and Strengthen Strategic Communication
Beijing: Chinese Foreign Minister Wang Yi emphasized the importance of proper management of occasional disputes between China and the United Kingdom, calling for enhanced strategic communication to maintain and strengthen bilateral relations. In a phone call with his British counterpart, Yvette Cooper, Wang Yi highlighted that differences between the two nations are natural, but stressed
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