Category: finance
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Japanese Yen Weakens as BOJ Holds Rates, Dollar Gains on Fed Signals
The Japanese yen tumbled against the U.S. dollar on Thursday following the Bank of Japan’s decision to maintain interest rates at current levels, while Federal Reserve Chair Jerome Powell’s remarks boosted the greenback. The moves highlight diverging central bank policies across major economies and the ongoing volatility in global currency markets. BOJ Keeps Rates Steady,
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Novo Nordisk Sparks Bidding War with Pfizer for U.S. Obesity Biotech Metsera
Novo Nordisk, the Danish pharmaceutical powerhouse behind Wegovy and Ozempic, has escalated a bidding war with Pfizer for U.S.-based obesity biotech company Metsera. This move highlights the intensifying competition in the rapidly growing global obesity drug market, projected to reach $150 billion by the early 2030s. Novo Nordisk Launches Rival Bid On Thursday, Novo Nordisk
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Carlsberg Faces Headwinds as Weak Consumer Spending Hits Q3 Sales
Carlsberg, the Danish brewing giant and the world’s third-largest brewer, has reported a slowdown in its third-quarter sales and volumes, highlighting the ongoing challenges in global consumer markets. Despite strong performances in certain regions, weak consumer spending, geopolitical tensions, and U.S. tariffs have created a tough operating environment for the company. Q3 Performance: Organic Sales
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Estée Lauder Beats Quarterly Estimates on Strong Fragrance Sales and China Recovery
Estée Lauder Surpasses Wall Street Expectations October 30, 2025 – Reuters – Estée Lauder (NYSE: EL) exceeded Wall Street estimates for first-quarter sales and profit, driven by robust growth in its fragrance business and a rebound in demand from China and the Asia Pacific region. The results underscore progress in the company’s turnaround strategy under
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NYSE Parent Intercontinental Exchange Beats Profit Estimates on Strong Trading and Data Unit Growth
ICE Tops Third-Quarter Profit Estimates October 30, 2025 – Intercontinental Exchange (NYSE: ICE), the parent company of the New York Stock Exchange (NYSE), reported third-quarter earnings that surpassed Wall Street expectations on Thursday. Strong trading activity and growth in its fixed income and data services units contributed to the positive results, with shares rising 1.6%
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TSX Edges Higher as Tech and Materials Gain Amid Eased Rate Cut Expectations
TSX Rises on Tech and Materials Sectors October 30, 2025 – Canada’s main stock index, the S&P/TSX Composite Index, inched upward on Thursday, buoyed by gains in the technology and materials sectors, as investors digested the tempered outlook for interest rate cuts in both Canada and the United States. The positive sentiment was further supported
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Abu Dhabi’s Lunate Commits $1 Billion to New Investment Platform with BlackRock’s HPS
Abu Dhabi’s Lunate and BlackRock’s HPS Launch $1 Billion Investment Platform October 30, 2025 – Abu Dhabi-based investment firm Lunate will commit $1 billion to a new investment platform launched in partnership with BlackRock-owned HPS Investment Partners, aimed at investing in large corporates across North America and Europe. The announcement marks a major collaboration in
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S&P Global Raises Annual Earnings Forecast on Robust Bond Issuance Activity
S&P Global Boosts Annual Earnings Outlook Amid Strong Bond Market Activity October 30, 2025 – Reuters – S&P Global (NYSE: SPGI) has raised its annual earnings forecast, reflecting robust growth in its ratings business driven by strong corporate bond issuance. The company’s stock surged 2.4% in pre-market trading following the announcement, highlighting investor confidence in
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European Central Bank Keeps Rates Steady, Offers No Clues on Next Move
The European Central Bank (ECB) maintained its key interest rates at 2% on Thursday, in a widely expected decision, while providing no clear guidance on its next policy moves. Despite speculation from investors about a potential future rate cut, ECB policymakers signaled that the central bank will continue its wait-and-see approach amid ongoing economic resilience
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Eurozone Markets Steady as ECB Holds Rates, Offers No Clear Outlook on Future Policy
European financial markets remained largely steady on Thursday as the European Central Bank (ECB) kept interest rates unchanged at 2%, signaling continued confidence in the region’s low inflation and stable economic growth. Investors across stocks, bonds, and currencies maintained a cautious but calm stance amid the central bank’s neutral policy message. ECB Holds Rates Unchanged
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