Category: finance
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European Stocks Rise as LVMH’s Strong Results Lift Luxury Sector Confidence
LVMH Sparks Rally Across European Luxury Sector LONDON, October 15, 2025 — European equities advanced on Wednesday, buoyed by a surge in luxury sector stocks after LVMH (LVMH.PA) posted stronger-than-expected third-quarter results. The upbeat report from the world’s largest luxury goods group helped restore investor confidence amid global economic uncertainty and ongoing trade tensions. Shares…
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Aurubis Shares Fall as Salzgitter’s Stake Dilutes Following €500 Million Exchangeable Bond Deal
Aurubis Stock Declines After Salzgitter Issues €500 Million Exchangeable Bonds FRANKFURT, October 15, 2025 — Shares of German copper producer Aurubis AG (NAFG.DE) dropped sharply on Wednesday after major shareholder Salzgitter AG (SZGG.DE) announced a €500 million bond offering exchangeable for 7.6% of Aurubis stock. The move triggered a 6.7% decline in Aurubis shares, which…
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LVMH Sales Return to Growth in Q3 as Chinese Demand Rebounds and Investor Confidence Rises
LVMH Reports First Sales Growth of 2025 as China Market Rebounds Paris, October 15, 2025 — Global luxury leader LVMH Moët Hennessy Louis Vuitton (LVMH) reported a 1% year-on-year sales increase in the third quarter, buoyed by improving demand in mainland China. The results mark the group’s first quarterly growth of the year, signaling early…
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Marks & Spencer Extends Chairman Archie Norman’s Tenure Until 2029 Amid Continued Recovery
M&S Chairman Archie Norman to Stay Until 2029 as Investors Back Leadership Continuity London, October 14, 2025 — British retail giant Marks & Spencer (M&S) has announced that its chairman, Archie Norman, will remain in his role until September 2029, extending his tenure by an additional three years beyond the company’s initial governance timeline. The…
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Singapore Introduces New Online Safety Commission to Block Harmful Digital Content
Singapore Launches Tougher Internet Safety Law to Protect Users from Online Harms Singapore, October 15, 2025 — Singapore is set to strengthen its fight against harmful digital content with a new online safety commission that will have the authority to order social media platforms to remove or block access to damaging material. The move comes…
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Apple’s iPhone 17 Series Boosts Shipments in China Amid Sluggish Smartphone Market
Apple Defies Market Slowdown as iPhone 17 Series Lifts Q3 Shipments in China Beijing, October 15, 2025 — Apple Inc. (AAPL.O) achieved a modest but significant gain in China’s smartphone market during the third quarter of 2025, as strong demand for the newly launched iPhone 17 series helped the tech giant buck the country’s broader…
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UK Chancellor Rachel Reeves Weighs Tax Increases and Spending Cuts Ahead of November Budget
Rachel Reeves Confirms “Tough Choices” on Tax and Spending in Upcoming Budget London, October 15, 2025 — UK Chancellor Rachel Reeves has confirmed she is considering both tax increases and spending cuts in her upcoming November 26 budget, signaling a tough balancing act as the Labour government confronts rising borrowing costs and slowing growth. In…
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Italy’s Bold Gold Strategy Pays Off as Prices Soar: Bank of Italy’s Massive Reserves Shine in 2025
Italy’s Commitment to Gold Delivers a Major Windfall Rome, October 15, 2025 — Italy’s steadfast decision to hold onto its gold reserves despite economic turmoil and debt crises has paid off handsomely, as record-high gold prices have boosted the value of the Bank of Italy’s bullion holdings to an estimated $300 billion. With 2,452 metric…
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Spain’s EU-Harmonised Inflation Rises to 3% in September, Driven by Food and Energy Costs
Madrid, October 15, 2025 — Spain’s European Union-harmonised inflation rate climbed to 3% in September, up from 2.7% in August, according to final data released on Wednesday by the country’s National Statistics Institute (INE). The figure matches the earlier flash estimate published two weeks ago and aligns with forecasts from analysts polled by Reuters, confirming…
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Santander Merges Openbank and Santander Consumer Finance to Streamline European Operations
Madrid, October 15, 2025 — Spanish banking giant Banco Santander (SAN.MC) has announced a major restructuring move, integrating its digital lender Openbank and Santander Consumer Finance (SCF) into a single unified entity. The consolidation aims to strengthen Santander’s position in European consumer banking while enhancing efficiency through a unified digital-first model. According to the statement…
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