Business
Supreme Court Refuses Mahua Moitra Plea for Public Disclosure of AIF and FPI OwnersNew
A three-judge bench said no legal framework mandates public disclosure of ultimate beneficial owners, that investment disclosures already go to SEBI and custodians, and that any framework is for the government to make.
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BusinessECB Set to Hold Rates at 2.5 Percent as French Bonds Steal the DayNew
Frankfurt is expected to leave its deposit rate at 2.5 percent on Thursday, signal that December is live for the next hike, and face questions about French bond yields and Christine Lagarde's future.
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BusinessAsia Shares Fall as Alphabet Slides 10 Percent and Samsung DropsNew
Asian markets gave up early gains on Thursday. Alphabet's cash burn wiped nearly 400 billion dollars off its value in after hours trade, and Samsung fell more than 4 percent despite a record profit, dragging the KOSPI down 2.6 percent.
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BusinessKOSPI Falls 3 Percent in Seoul as Samsung Slides After Record EarningsNew
South Korea's benchmark index gave up early gains and fell 3.01 percent by late morning on Thursday, as Samsung Electronics shares slid after record third quarter results and a deferred plan for shareholder returns.
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BusinessSprouts Farmers Market Shares Plunge After Hours on Q3 Miss and Outlook Cut
Sprouts Farmers Market missed third-quarter estimates on earnings, revenue and same-store sales, cut its full-year earnings forecast to about $4.80 per share, and its shares plunged 18 to 21 percent after hours.
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BusinessServiceNow Shares Drop 18 Percent After Hours as Q3 Profit Misses Estimates
ServiceNow reported third-quarter revenue of $4.106 billion, up 20.5 percent, but adjusted earnings of $1.00 per share missed the $1.02 consensus, and its shares fell about 15 percent in early extended trading, later reported at 18 percent.
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BusinessFortinet Shares Plunge More Than 24 Percent After Hours Despite Beating Third Quarter Estimates
Fortinet beat estimates with adjusted earnings of 91 cents a share on revenue of $2.08 billion and raised full year guidance, but a smaller billings beat and a service revenue shortfall sent the shares down more than 24 percent in extended trading.
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BusinessT-Mobile Beats Third Quarter Estimates as Postpaid Growth Lifts Revenue to $23.58 Billion
The carrier earned $3.22 a share in the third quarter, ahead of the $2.89 consensus estimate, added 274,000 postpaid net accounts, and raised the low end of its full year free cash flow forecast.
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BusinessWall Street Closes Slightly Higher After the Fed Holds Rates Steady
The S&P 500 rose 0.3 percent to 7,743.98 on Wednesday, October 28, the Dow added 0.2 percent to 52,475.10 and the Nasdaq climbed 0.3 percent to 26,549.85, as the Federal Reserve held rates steady, bond yields swung, Micron led the index and Wendy's jumped 15.1 percent on a buyout offer.
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BusinessStocks Close Higher After Fed Hold as Tech Earnings Land
The S&P 500 and the Nasdaq each closed up about 0.3 percent and the Dow gained about 0.2 percent on Wednesday after the Federal Reserve held rates steady, and after-hours trading split the big tech reports as Microsoft rose and Alphabet fell.
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BusinessOracle Shares Surge 12 Percent on $225 Billion Revenue Outlook
Oracle shares jumped about 12 percent on Wednesday after the company told its analyst day it expects revenue above $225 billion in fiscal 2030, positive free cash flow by late fiscal 2028 and about $30 billion of free cash flow in fiscal 2029.
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BusinessAlphabet Misses on Earnings as Google Cloud More Than Doubles and Shares Fall
Alphabet reported third quarter revenue of $127.58 billion and earnings per share of $2.12, both below estimates, while Google Cloud revenue rose to $30.71 billion. Shares fell more than 6 percent in extended trading and free cash flow was negative for a second straight quarter.
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BusinessMicrosoft Profit Jumps as Azure Growth Hits 48 Percent in First Quarter
Revenue rose 19 percent to $92.28 billion, beating Wall Street forecasts, as Azure accelerated and the shares jumped 4 percent in after-hours trading.
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BusinessCanada and UAE Sign Trade Deal in Ottawa After Record 47 Day Negotiation
The Canada-UAE Comprehensive Economic Partnership Agreement, signed in Ottawa on October 27, will cut or remove tariffs on over 99 percent of Canadian exports to the UAE once it takes effect in 2027, and Ottawa says it can double two way trade to C$7 billion in a decade.
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BusinessMaruti Suzuki Q2 Profit Falls 26 Percent Despite Record Sales
Consolidated net profit fell 26.36 percent to Rs 2,466.1 crore in the July to September quarter, even as Maruti Suzuki sold a record 696,654 vehicles and sales rose 26.1 percent.
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BusinessIndia Approves Rs 10,000 Crore Container Manufacturing Scheme
The Union Cabinet cleared Rs 10,000 crore to lift domestic container capacity to 750,000 TEUs a year, close a cost gap with China and create about 3,000 direct jobs.
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BusinessBitcoin ETFs Take In $286 Million as Ether Funds Lose Ground
US spot Bitcoin ETFs received about $176 million on October 27 and $110 million on Monday, narrowing October net outflows to about $26 million, while US spot Ether ETFs lost about $149 million over the same two days.
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BusinessFed Holds Rates at 3.75 to 4.00 Percent in 10 to 2 Vote
The Federal Open Market Committee left the federal funds rate at 3.75 percent to 4.00 percent on October 28, with Lisa Cook and Beth Hammack dissenting for a hike, as forecasters look to December.
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BusinessTrian Group Offers $1.4 Billion to Take Wendy's Private at $7.35 a Share
Nelson Peltz's Trian Fund Management, a longtime Wendy's shareholder with a 16.3 percent stake, leads a group with Flynn Group, BlueFive Capital and Sixth Street Partners. The cash offer is a roughly 20 percent premium, and Wendy's shares jumped on the news.
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BusinessSouth Korea Fines Google and Apple a Combined $47.6 Million Over In-App Payments
South Korea's media and communications commission fined Google 42.9 billion won and Apple 20.81 billion won on Wednesday, the first enforcement of the 2021 law barring app stores from forcing their own payment systems.
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BusinessMorning Markets: Bitcoin Tops $80,800 as Fed Decision Day Arrives
Crypto edged higher, stock futures were mixed and Brent crude climbed above 115 dollars ahead of the Fed decision at 2 p.m. Eastern and earnings from Microsoft and Alphabet after the close.
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BusinessBank of Canada Raises Rate to 2.5 Percent, First Hike Since 2023
The Bank of Canada raised its key policy rate by 25 basis points to 2.5 percent on Wednesday, its first increase since July 2023, and raised its 2027 inflation forecast to 3.1 percent after inflation reached 3.2 percent in September.
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BusinessMicrosoft and Alphabet Earnings Today Put AI Spending to the Test
Both companies report after the close on Wednesday, October 28, hours after the Fed decision. Analysts expect Azure growth near 47.7 percent and Google Cloud growth near 95.1 percent, against a combined spending plan of up to $600 billion.
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BusinessEurope Stocks Steady as Deutsche Bank Beats, Fed Decision Nears
The Stoxx 600 held flat at the open, the FTSE 100 slipped 0.35 percent and Deutsche Bank rose after a profit beat, as traders waited for the Fed at 2 p.m. Eastern and Microsoft and Alphabet earnings after the close.
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BusinessUK Budget Day: Healey Banks on Bank Tax to Fund Cost of Living Help
Chancellor John Healey delivers his first Budget at lunchtime today, with a tax raid on banks set as the biggest revenue raiser, a reported reversal on the cash ISA cut, and no rise in capital gains tax.
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BusinessKospi Surges 6.2 Percent as Asia Gains on Fed Decision Day
Chip earnings powered a 6.2 percent Kospi surge and a higher Nikkei, while the Sensex fell 684 points and gold slipped as traders waited for the Fed.
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BusinessSK Hynix Posts Record 83.3 Trillion Won Profit on AI Memory Boom
The South Korean chipmaker beat forecasts by a wide margin, promised about 100 trillion won in shareholder returns, and said memory supply will stay short through 2030.
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BusinessNew Zealand Central Bank Surprises Markets With Rate Hold at 2.75 Percent as Kiwi Dollar Falls
The Reserve Bank of New Zealand voted 4 to 3 to hold the official cash rate at 2.75 percent on Wednesday, against near certain market expectations of a hike, and the New Zealand dollar fell sharply after the decision.
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BusinessJio Platforms Lists at 1,358 Rupees, Up 21 Percent in Mumbai Debut After Record India IPO
Shares opened 239 rupees above the 1,119 rupee issue price on the BSE and the NSE on Wednesday, valuing Jio at about 131.52 billion dollars and making it India's second largest listed company.
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BusinessSK Hynix Posts Record 83.3 Trillion Won Profit as AI Chip Demand Outruns Supply
SK Hynix reported a record quarterly operating profit of 83.3 trillion won for July to September 2026, more than seven times the year ago figure, and said it has sold out of HBM and DRAM chips until 2029.
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BusinessONEOK Reports $2.13 a Share in Third Quarter, Beats Estimates and Raises 2026 Guidance
The Tulsa pipeline company posted net income of $1.38 billion and adjusted EBITDA of $2.24 billion, up 6 percent, then raised its full year earnings guidance to a midpoint of $6.30 a share.
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BusinessF5 Revenue Rises to $917 Million as Product Sales Grow 23 Percent and Board Adds $1.5 Billion Buyback
F5 reported fourth quarter revenue of $917 million, up 13 percent, with product revenue up 23 percent, non-GAAP earnings of $4.42 beating consensus, and an additional $1.5 billion authorised for share repurchases.
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BusinessNXP Profit Rises as Third Quarter Revenue Climbs 19 Percent and Board Approves $5 Billion Buyback
NXP reported third quarter revenue of $3.79 billion and net income of $899 million, beat adjusted earnings expectations, and authorised a new $5 billion share repurchase program.
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BusinessRobinhood Posts Record Revenue but Earnings Miss as Crypto Revenue Falls 55 Percent
Robinhood reported record third quarter revenue of $1.42 billion, up 12 percent, but diluted earnings of $0.51 missed consensus as cryptocurrency revenue fell 55 percent to $120 million.
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BusinessWall Street Closes Higher as Chips Lead Nasdaq Up 1.18 Percent
The Nasdaq Composite gained 1.18 percent to 26,477.81 on Tuesday, October 27, the S&P 500 rose 0.60 percent to 7,722.60 and the Dow added 0.03 percent to 52,377.57, as chip stocks rallied and a near 11 percent fall in Boeing held back the Dow on the first day of the Federal Reserve meeting.
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BusinessSeagate Profit Surges as First Quarter Revenue Beats and Guidance Rises
Seagate reported fiscal first quarter net income of $1.761 billion on revenue of $4.233 billion, beat expectations on earnings and revenue, and guided the second quarter well above consensus.
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BusinessVisa Profit Rises to $6 Billion in Fourth Quarter on Resilient Consumer Spending
Visa net income rose to $6 billion in the fiscal fourth quarter as net revenue climbed 13 percent to $12.1 billion and payments volume jumped 9 percent, with customers still spending on travel, shopping and dining out.
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BusinessBanks and Blackstone Line Up $63 Billion to Finance Broadcom AI Chips for Anthropic
Bank of America, Blackstone, Citi and Morgan Stanley will provide $63 billion through a special purpose vehicle that will buy Broadcom AI accelerators and networking gear and lease them to Anthropic, with deliveries expected from 2027.
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BusinessFTC to Sue to Block Cintas $5.5 Billion UniFirst Deal, Report Says
The Federal Trade Commission has indicated to Cintas that it will sue to block its $5.5 billion acquisition of UniFirst, Semafor reported, citing people familiar with the matter. The FTC has not yet voted on whether to sue.
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BusinessSoFi Revenue Hits Record $1.4 Billion in Third Quarter as Forecast Rises and Shares Surge
SoFi adjusted net revenue surged 44 percent to a record $1.4 billion in the third quarter, beating estimates, membership reached a record 17.1 million, and the company raised its full year revenue forecast to $5.04 billion.
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BusinessUS Consumer Confidence Jumps to 91.7 in October, Beating Forecasts by a Wide Margin
The Conference Board index rose 7.5 points from an upwardly revised 84.2 in September, against a Reuters forecast of 81, while 12 month inflation expectations eased but stayed elevated at 5.8 percent.
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BusinessCorning Q3 Net Income Surges 58 Percent as Optical Sales Rise 44 Percent
Net income reached $680 million and core earnings of 91 cents a share beat estimates, as optical communications sales rose to $2.38 billion and fourth quarter guidance came in above analyst targets.
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BusinessJetBlue Shares Rebound Over 11 Percent as Wider Loss Meets 2027 Profit Pledge
JetBlue posted a $257 million third quarter loss on surging fuel costs, but shares jumped in premarket trade on Tuesday after the carrier raised its seat revenue forecast, pointed to $2.2 billion in liquidity, and held to its target of sustained operating profitability in 2027.
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BusinessJohnson Controls Q4 Earnings Beat as Backlog Hits Record $23 Billion
Adjusted earnings of $1.66 a share topped consensus by 8 cents as revenue rose to $7.11 billion, orders jumped 44 percent organically and the backlog reached a record $23.0 billion.
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BusinessRoyal Caribbean Q3 Earnings Beat, Full Year Guidance Raised
Adjusted earnings of $6.57 a share topped the $6.38 consensus as revenue rose 9 percent to $5.59 billion, and the cruise operator lifted its full year outlook to $17.85 to $17.95.
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BusinessHCA Healthcare Q3 Earnings Beat as Revenue Rises to $19.85 Billion
The Nashville hospital operator posted adjusted earnings of $7.22 a share, ahead of the $6.74 consensus, as same facility admissions grew 3 percent in the quarter.
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BusinessCelestica Third Quarter Revenue Jumps 83 Percent as Company Forecasts 40 Billion Dollars for 2027
Celestica revenue rose 83 percent to 5.83 billion dollars in the third quarter, above the top of its own guidance range, and the company raised its 2026 forecast to 21 billion dollars and put 2027 revenue at 40 billion dollars.
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BusinessNVIDIA to Invest 3 Billion Dollars in Meta Equity Offering as Companies Expand Muse Partnership
NVIDIA will invest 3 billion dollars in Meta stock offering and the two companies will expand work on the Muse family of models, with Meta deploying more NVIDIA infrastructure including Vera Rubin, Vera processors, Spectrum-X networking and BlueField-4.
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BusinessBoeing Posts 34 Cent Adjusted Loss in Third Quarter as Backlog Reaches Record 745 Billion Dollars
Boeing reported an adjusted loss of 34 cents a share in the third quarter, wider than the 21 cents analysts expected, while revenue rose 4 percent to 24.188 billion dollars and the total backlog reached a record 745 billion dollars.
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BusinessSherwin-Williams Sales Rise 7.9 Percent in Third Quarter as Earnings Miss Estimates
Sherwin-Williams reported third quarter net sales of 6.86 billion dollars, up 7.9 percent and ahead of the Zacks consensus, while adjusted earnings of 3.63 dollars a share missed the 3.65 dollar estimate.
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BusinessUPS Beats Third Quarter Profit Estimates and Raises Annual Forecasts
UPS posted adjusted profit of 1.69 dollars a share in the third quarter, beating the 1.63 dollars analysts expected, and raised its 2026 targets for revenue, operating profit, earnings per share and free cash flow.
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BusinessPayPal Beats Third Quarter Estimates and Raises Full Year Profit Forecast
PayPal posted third quarter adjusted earnings of 1.45 dollars a share, beating the 1.31 dollar analyst estimate, and raised its full year 2026 adjusted profit forecast to about 5.60 dollars a share as its turnaround plan showed progress on profit and cost savings.
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BusinessCoca-Cola Beats Third Quarter Estimates and Raises Full Year Outlook
Coca-Cola reported third quarter comparable earnings of $0.91 a share and revenue of $13.4 billion, both ahead of estimates, and raised its full year outlook for organic revenue and comparable earnings per share.
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BusinessAres Capital to Buy MidCap Financial Investment in 2.6 Billion Dollar Deal
Ares Capital said on Tuesday it will buy MidCap Financial Investment in a stock and cash deal valued at about 2.6 billion dollars, paying 10.88 dollars a share and adding more than 200 loan positions to the largest publicly traded business development company.
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BusinessWhirlpool Posts Third Quarter Loss and Cuts Full Year Outlook to a Loss
Whirlpool lost 21 cents a share on an adjusted basis in the third quarter as sales fell 8.8 percent to 3.677 billion dollars, and the appliance maker cut its full year outlook for the third time this year, now expecting a loss.
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BusinessEurope Stocks Fall at the Open, FTSE Down 0.9 Percent as HSBC Drags
European shares opened lower on Tuesday, with the FTSE 100 down 0.9 percent and HSBC down nearly 7 percent in early trading. The DAX slipped to about 25,370 points as investors waited for the Fed and ECB decisions and big tech earnings.
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BusinessSouth Korea GDP Grows 1 Percent as Chip Exports Lift Kospi 3.1 Percent
South Korea grew 1.0 percent in the third quarter, beating a 0.7 percent forecast, as AI chip exports and investment jumped. The Kospi closed up 3.1 percent, while household spending fell for the first time in nearly four years.
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BusinessUS Futures Flat as Fed Meeting Starts and Earnings Roll In
US futures were little changed at 5:17 a.m. Eastern Time, with the Dow up 0.14 percent and the S and P 500 up 0.05 percent. Whirlpool fell 8.8 percent premarket after a third quarter loss, while Coca-Cola, Boeing and PayPal reported on the first day of the Fed meeting.
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BusinessFrench Consumer Confidence Falls to 80, Lowest Since 2013, as Protests Weigh on Households
INSEE said the October reading dropped five points from September, missing forecasts of 85, as households reported sharper price rises, weaker personal finances and rising fears about unemployment.
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BusinessHSBC Third-Quarter Profit Jumps 32 Percent to $9.6 Billion, Bank Launches $1 Billion Buyback
HSBC reported pretax profit of $9.63 billion for the July to September quarter on Tuesday, in line with estimates, as credit losses fell and legal provisions from a year earlier did not repeat. Hong Kong shares fell 5 percent after the results, after revenue at the wealth division came in flat.
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BusinessTesla Jumps 4.55 Percent as Nikkei and Kospi Rally on AI Optimism
Tesla rose to $391.62 after Barclays raised its target to $450, while Tokyo and Seoul climbed early Tuesday as Anthropic's IPO filing lifted chip shares.
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BusinessWall Street Closes Higher as Tech Leads Before Earnings and Fed Decision
The Dow rose 146.42 points to 52,361.58 on Monday, October 26, the S&P 500 gained 0.70 percent to 7,676.78 and the Nasdaq climbed 0.82 percent to 26,169.38, as tech shares led a higher close at the start of a busy week.
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BusinessAther Energy Posts First Quarterly Profit, Shares Hit Upper Circuit
The Bengaluru scooter maker swung from a Rs 154 crore loss a year ago to a Rs 1.26 crore profit in the September quarter, and the stock hit its 10 percent upper circuit on the news.
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BusinessBrazil Markets Crash After Lula Reelection, Circuit Breaker Halts Sao Paulo Trading
The Ibovespa fell 17 percent to a two month low and the real lost about 12 percent against the dollar on Monday, after Lula's surprise reelection overturned investor bets on a right wing victory. A circuit breaker halted Sao Paulo trading for 30 minutes.
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BusinessFTC and 20 States Sue Dollar General Over Alleged Register Overcharges
Federal regulators say the discount chain charged shoppers more at the register than the prices on its shelves, tags and advertisements, costing consumers millions of dollars, and failed to fix the problem after learning of it.
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BusinessMusk Warns Neoclouds Face Failures as CoreWeave, Nebius Fall
CoreWeave fell 1.6 percent and Nebius fell 4 percent on Monday after Musk said more than 200 neoclouds face death and consolidation. Gartner has already warned that 80 percent of the firms could cease independent operations by 2032.
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BusinessHealthSpan to Take Surgery Partners Private in $5.7 Billion Deal
Surgery Partners said HealthSpan Partners will buy the company for $23.50 a share, a 49 percent premium to its last close, in a deal expected to close in the first quarter of 2027.
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BusinessFed Decision and Cyclone Landfall Hit Wednesday, Oil at $115 Between Them
The Fed is expected to hold at 3.75 to 4.00 percent on the same morning Cyclone Arnab crosses the Andhra coast. With Brent easing from $116.72 and the Sensex down 536 points, one analysis of the week's hinge day.
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BusinessMeta Plans $95 Billion Equity Raise to Fund AI Expansion, Its Largest Ever
Meta has launched about $35 billion in stock and convertible preferred offerings and plans a further program of up to $60 billion, as data center and cloud spending pushes the company into its first negative free cash flow in more than ten years.
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BusinessVerizon Lifts Forecast and Signs More Than 2 Billion Dollar AI Deal With AWS
Verizon added 406,000 postpaid phone subscribers in the third quarter, beat profit estimates and raised its full year guidance, while signing a fiber deal worth more than 2 billion dollars to connect AWS data centers.
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BusinessEQT to Buy Range Resources in 13 Billion Dollar Stock Swap
EQT said on Monday it would acquire Range Resources in an all-stock deal worth nearly 13 billion dollars in equity, creating what the companies called the largest vertically integrated natural gas producer in the United States, with closing expected in the first quarter of 2027.
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BusinessEurope Rises as Oil Eases, US Futures Gain Into Fed Week
European shares opened higher on Monday as Brent fell from a six month high. Asia closed cautiously, and US futures rose ahead of Fed, ECB and Bank of Japan decisions and big tech earnings.
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BusinessMusk Says SpaceX Closed 40 Billion Dollars in Debt for GPU Purchases
Elon Musk said on Sunday that SpaceX had closed 40 billion dollars in debt financing for graphics processing units. Reuters reported that it was not immediately clear what he meant by the deal being closed or whether investors had agreed to pricing for the debt.
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BusinessSensex Falls Over 500 Points as Infosys Cuts Guidance and IT Shares Slide
Infosys fell 2.7 percent in early trading on Monday after cutting its fiscal 2027 revenue growth forecast, and selling in IT shares pulled the Sensex and Nifty lower in a session that had already opened down.
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BusinessCoinbase Pushes 15-Minute Crypto Price Prediction Markets for Bitcoin, Ether, Solana
Coinbase advertised the contracts on X on October 25 for Bitcoin, Ether and Solana, with windows from 15 minutes to one day, Kalshi operating the markets and Nevada and Michigan excluded.
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BusinessJio IPO Allotment Status: How to Check on BSE, NSE and KFin Monday
More than one crore applicants get their answer on Monday, October 26, when the basis of allotment for the Rs 30,213 crore Jio Platforms IPO is finalised. Refunds and demat credit follow on October 27, and listing on October 28.
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BusinessNepal Electricity Exports Hit Rs 5.92 Billion in Ashoj
Nepal exported 633.98 million units of electricity to India in Ashoj for Rs 5.925 billion, up Rs 962 million on last year, and resumed its 40 megawatt supply to Bangladesh.
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BusinessTrump Announces Audi's First US Plant, a $4.2 Billion Project Near Macon
Trump told a rally in Perry, Georgia, on Saturday that Audi will build its first United States factory near Macon, producing 200,000 cars a year. Audi said the plant would create about 4,500 jobs and build its biggest premium SUVs, with construction scheduled to begin in 2027.
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BusinessOil at $116.72 and a Fed Decision Wednesday: What Breaks First
Brent settled at $116.72, its highest since April, after Houthi attacks in Saudi Arabia. With the Fed deciding rates on Wednesday and midterms on November 3, the premium now runs into monetary policy and politics at the same time.
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BusinessBitcoin Falls Below $80,000 for First Time Since October 15 as Liquidations Surge
Bitcoin fell to a low of $79,750 on Saturday as leveraged long positions were closed out in two waves, with CoinGlass counting $645.36 million liquidated across crypto markets in 24 hours.
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BusinessPSLF Loan Forgiveness Stands as Education Department Drops Appeal
The Justice Department withdrew its appeals against court rulings that blocked new PSLF restrictions, so the existing loan forgiveness rules stay in place for more than 2.3 million borrowers working in government and nonprofit jobs.
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BusinessIndonesia Cuts Pipeline Gas Exports to Singapore by About 9 Percent From Saturday
Indonesia cut 31 million standard cubic feet per day from its pipeline gas exports to Singapore from Saturday, 15 from Natuna and 16 from Sumatra, to divert supply to electricity needs in Batam, Bintan and Sumatra, regulator SKK Migas said. The cut is about 9 percent of the pipeline supply to Singapore.
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BusinessNigeria Central Bank Gives JPMorgan Initial Approval to Open Merchant Bank
The Central Bank of Nigeria granted JPMorgan approval-in-principle on October 23 to establish JPMorgan Merchant Bank Nigeria Ltd, a first licensing stage that still requires incorporation and a final licence before operations can begin.
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BusinessNearly 1 Million Seniors Must Pick New Medicare Advantage Plans
UnitedHealthcare and Humana will end some Medicare Advantage plans on December 31, 2026, affecting about 990,000 members who must choose new coverage during fall open enrollment.
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BusinessBank of Canada Poll Points to a Rate Hike to 2.50% on Oct. 28
A Reuters poll of 34 economists now expects a quarter point hike next week, a sharp reversal from the hold forecast a month ago, and strong retail sales pushed the Canadian dollar to a five week high on Friday.
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BusinessRussia Holds Key Rate at 14% and Raises Its Inflation Forecast
The central bank kept its rate on hold for the second time in less than two months on Friday and lifted its 2026 inflation forecast to 7.1 to 7.6 percent, as refinery damage kept fuel prices high.
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BusinessInstacart Explores a Sale After Preliminary Talks With Uber and DoorDash
The grocery delivery company's shares closed about 9 percent higher on Friday after The Information reported early sale talks and work with an investment bank. Any deal would face antitrust scrutiny, and the reports differ on whether Uber is still at the table.
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BusinessDow Falls 653 Points as Brent Oil Tops $116 and the Selloff Broadens
The Dow fell 1.2 percent and the S&P 500 lost 0.5 percent on Friday, October 23, as Brent crude settled at $116.72, its highest since June 2022, while AI names steadied after Thursday's tech rout.
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BusinessIndia Business Growth Hits 4-Month High in October, Hiring Stalls
India's flash composite PMI rose to 56.7 in October as services led a pickup in orders, but employment stayed flat and ended a nine month hiring streak.
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BusinessJio IPO Closes 22 Times Subscribed in India's Biggest Share Sale
Jio Platforms drew bids worth about 77 billion dollars as India's largest IPO closed on Friday, with institutions taking their slice 70 times over and a listing set for October 28.
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BusinessTrump Diesel Relief Grows Costlier as Prices Stay Near Records
Diesel sits at 6.28 dollars a gallon, farm payments are heading to a record 55.4 billion dollars, and the red diesel plan is stuck on legal detail, eleven days before the midterms.
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BusinessTrump Signs Proclamation Modifying Canada Tariffs, Swapping Products Effective October 30
The White House fact sheet, published at 19:37 UTC on Friday, says the signed Section 338 proclamation removes plywood, some paper products, machinery, refrigeration equipment and packing crates from the tariff scope and adds valves, carpets and waste products, with the changes taking effect on October 30.
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BusinessGas Prices at $4.29 Put October on Pace for a Record High
AAA says the national average stood at $4.29 a gallon on Friday, more than a dollar above last year, and this month is on pace to be the most expensive October on record for gasoline.
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BusinessCanada Unveils $6.2 Billion Shield for Steel and Auto Plants
Prime Minister Mark Carney and Ontario Premier Doug Ford announced an 8.7 billion Canadian dollar package for steel, autos and critical minerals, saying US tariffs have upended a trade bargain that existed for decades.
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BusinessNepal Rastra Bank Shuts Down Website Over PHP Security Risk
Nepal's central bank suspended its website and related services on Friday as a precaution against the global PHP flaws, and told banks, payment firms and remittance companies to tighten security and watch their systems closely.
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BusinessUS Business Activity Cools to 57.6 in October as Selling Prices Rise at the Fastest Pace Since 2022
S&P Global said on Friday its flash US Composite PMI eased to 57.6 in October from a five-year high of 58.4 in September. Factories hired at the fastest pace since 2012 and new orders hit their highest level since March 2022, while the prices companies charge rose at the sharpest rate since August 2022.
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BusinessSpaceX Seeks 80,000 Cell Sites to Build a Fourth US Mobile Carrier, and Telecom Stocks Slide
Bloomberg reported that SpaceX is in talks to secure at least 80,000 cell sites across the United States for a nationwide mobile network. Shares of AT&T, Verizon and T-Mobile fell on Friday while tower owners Crown Castle and American Tower jumped.
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BusinessAmerican Express Raises 2026 Profit Forecast as Affluent Customers Keep Spending
AmEx now expects $18.30 to $18.60 a share for the full year after third quarter profit rose to $3.71 billion, billed business climbed 8 percent to $454 billion, and revenue reached $20.06 billion.
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BusinessSensex Recovers From Midday Crash to Close Down 125 Points, Midcaps and Smallcaps Still Fall Sharply
Indian benchmarks clawed back most of their midday losses on Friday, October 23, closing a fourth straight session in the red, with the Sensex down 0.17 percent at 73,123.83 and the Nifty down 0.39 percent at 22,600, while midcap and smallcap indices still closed down about 3 percent.
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BusinessGold Falls Below $4,000 an Ounce for the First Time Since July as the Weekly Slide Deepens
Spot gold dipped below $4,000 an ounce in Asian trading on Friday, touching $3,986 at the low, as high oil prices and firm United States data pushed traders to expect the Federal Reserve to keep interest rates higher for longer.
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BusinessAsian Shares Fall as AI Rout Spreads, Kospi Sinks Below 5,400 and Brent Hits $114
Asian stocks fell on Friday, Oct. 23, as fears over the cost of the AI buildout hammered chip shares for a second day, while Brent crude reached a five-month high of $114 a barrel after Houthi attacks in Saudi Arabia.
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BusinessIndia Extends Duty-Free Raw Sugar Imports to December 31
India moved the deadline for duty-free imports of 1 million metric tons of raw sugar from October 31 to December 31. The same week, the Food Ministry barred ethanol output from cane juice and B-heavy molasses for the 2026-27 supply year.
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BusinessWestern Digital Beats Forecasts as Revenue Jumps 55 Percent and Guidance Tops Estimates
The hard drive maker reported fiscal first quarter adjusted earnings of $4.64 a share on revenue of $4.38 billion, both well above Wall Street forecasts, and guided second quarter sales far above what analysts expected.
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BusinessNasdaq Falls 2.6 Percent as AI Spending Fears Hit Tech Stocks
The Nasdaq Composite posted its steepest fall since June and the S&P 500 its worst day since July on Thursday, October 22, as Meta fell almost 7 percent after its results, chip stocks slid 6.72 percent and oil rose toward a five month high.
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BusinessModerna Shares Plunge 25 Percent After Cancer Vaccine Data Leaks Early
Results for the melanoma vaccine Moderna is developing with Merck spread on social media hours before a conference release. The numbers looked strong, and the stock still fell toward its worst day on record.
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BusinessPiyush Goyal Leads 100 Businesses to Berlin Trade Talks
India's commerce minister opened the Germany leg of a six day Europe visit on Thursday, with the Berlin Global Dialogue, investment talks and the EU trade deal on the agenda.
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BusinessIndia Core Sector Grows 7.9 Percent in September, 30 Month High
Iron ore, electricity and coal led a broad rise in core output, while fertilizers fell for a seventh straight month ahead of factory data on October 28.
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BusinessBitcoin Dominance Hits 60 Percent as Traders Shun Smaller Tokens
Bitcoin reached its largest share of the crypto market since May while memecoin and DeFi tokens fell, liquidations topped $450 million, and prices swung through Thursday trading.
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BusinessNasdaq CEO Flags Modest Softening in IPO Market as Listings Fall to 167
Adena Friedman said companies are re-evaluating debut timing after macro turbulence, even as Nasdaq beat estimates with $1.04 a share on $1.5 billion in net revenue and its shares rose 6.7 percent.
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BusinessInstacart to Pay $5 Million to Settle Claims It Favored Visa Workers Over Americans
The Justice Department and the EEOC said Instacart made U.S. applicants mail paper applications for jobs in a federal sponsorship program while its normal hiring ran online. The company will fund up to $4 million for affected applicants and pay $1 million in penalties.
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BusinessHermes Falls 8 Percent as Weak China Sales Hit Watches
Third quarter revenue rose 4.3 percent to 4.1 billion euros, carried by the Americas, Japan and Europe. The finance chief blamed China weakness in accessories, watches and shoes.
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BusinessSAP Tops 10 Billion Euros in a Quarter as Cloud Backlog Surges
Revenue rose 13 percent to 10.27 billion euros and the cloud order book jumped 28 percent to 24.14 billion euros. SAP lifted its cloud outlook to the top of its range and held its profit forecast.
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BusinessNasdaq Futures Drop 1.7 Percent as Tesla Slides Before the Bell
S&P 500 futures fell 1 percent and Dow futures slipped 0.6 percent on Thursday morning. Tesla cut its 2026 spending target, chip stocks fell after hours, and oil climbed while gold eased.
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BusinessBarclays to Cut 5,000 Jobs This Year as AI Reshapes the Bank
The British bank said about 5 percent of its staff will go this year as technology takes fixed costs out of the business. It announced the cuts with third quarter results showing pretax profit up 12 percent to 2.3 billion pounds, below the 2.4 billion pounds analysts expected.
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BusinessLSEG Agrees to Buy Octus for $3.5 Billion in Credit Data Push
London Stock Exchange Group will pay $3.535 billion in cash for the New York credit intelligence firm Octus, its biggest deal since Refinitiv, and raised its full year outlook alongside third quarter results.
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BusinessHouse Prices Fall in Every Australian Capital for First Time in 15 Years
Domain's September quarter report found the combined capital median house price fell 4.7 percent to $1.23 million, the steepest quarterly drop on record. Perth fell 7.4 percent and Sydney hit a two year low at $1.66 million.
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BusinessSouth Korea Exports Hit Record $61.6 Billion as Chip Sales Soar
Exports rose 105.4 percent to $61.6 billion in the first 20 days of October, customs data showed. Semiconductor shipments jumped 222.5 percent to a record $27.5 billion and made up 44.7 percent of all exports.
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BusinessAsian Stocks Slide as Hang Seng Falls 2.4 Percent and Oil Climbs
Hong Kong's Hang Seng fell 2.4 percent by midday Thursday and South Korea's Kospi lost about 2 percent as tech shares sank across Asia and oil rose more than 1 percent after attacks in Saudi Arabia.
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BusinessLas Vegas Sands Misses Q3 as Singapore Weakness Cuts Profit 27 Percent
The casino operator posted adjusted earnings of 54 cents a share against estimates near 68 cents, with revenue down 3.5 percent to 3.216 billion dollars as Marina Bay Sands revenue fell 9.9 percent and Macao only steadied the total.
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BusinessTexas Instruments Beats Q3: Profit Up 77 Percent, Sales Guide Tops Forecasts
The Dallas chipmaker earned 2.62 dollars a share on revenue of 6.06 billion dollars, both ahead of estimates, and forecast fourth quarter sales above Wall Street as industrial demand recovers and AI data center orders grow.
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BusinessCanada Strong Fund Still Has No Launch Date Six Months On
The 25 billion dollar fund was announced in April. Ottawa says the fall budget will carry a significant update, and no CEO, board or legislation exists yet.
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BusinessIndia's UDAN Turns 10 With 687 Routes and a Rs 28,840 Crore Phase
Ten years on, the scheme counts 687 routes and 1.72 crore passengers, with Rs 5,091.23 crore paid in support. The next phase spends Rs 28,840 crore over ten years.
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BusinessIBM Q3 Earnings Beat Forecasts as Software Revenue Rises 8 Percent
IBM reported third quarter revenue of 17.1 billion dollars and adjusted earnings of 2.95 dollars a share, both ahead of forecasts, and raised its software and cash flow outlooks.
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BusinessBank of Korea Holds Rate at 3.00 Percent After Back to Back Hikes
South Korea central bank paused on Thursday after raising rates in July and August, with inflation still above its 2 percent target and analysts expecting another rise in November.
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BusinessNasdaq Jumps 1.05 Percent as Tech Leads Wall Street Higher
All three main indexes closed higher on Wednesday, October 21, as SpaceX surged 7.79 percent after its results and AI and chip stocks pushed the Nasdaq to the front of the market.
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BusinessMeta Q3 Revenue Beats Forecasts at $64.6 Billion as Legal Charge Cuts Reported Profit
Advertising revenue stayed strong and fourth quarter guidance held up, but a $9.9 billion charge tied to a teen social media addiction settlement pulled reported earnings down to $3.83 per share.
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BusinessTesla Q3 Revenue Holds Flat at $28.05 Billion as Operating Profit Falls 56 Percent
Tesla delivered 486,532 vehicles in the third quarter and grew its Full Self-Driving subscriptions fast, but a 39 percent jump in operating expenses cut operating income to $718 million.
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BusinessCanada Orders Two-for-One Rule to Cut Red Tape for Business
Ottawa's new Cabinet directive tells federal regulators to remove two dollars of burden for every dollar they add. Small business groups welcomed it and said the test is measurable savings.
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BusinessTesla and Meta Report Tonight as Beats Fail to Lift Stocks
SpaceX beat and soared, Netflix and Intuitive beat and fell. Ahead of Tesla and Meta results tonight, this earnings season is pricing guidance and AI bills, not headline profit.
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BusinessIndia Coal Plants: 96 of 191 Run Critically Low on Fuel
Half of India's 191 coal plants held less than three days of fuel on Oct 19 as peak demand ran 45 to 50 gigawatts above last year, and Gujarat has asked factories to cut evening power use.
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BusinessAT&T Beats Q3 Estimates: 65 Cents, Record 769,000 Internet Adds
AT&T reported 65 cents a share against a 61 cent consensus and record internet growth, with 442,000 new fiber customers, then raised its full year earnings outlook to about 2.40 dollars.
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BusinessSouth Africa Cuts Growth Forecast to 1.2 Percent and Brings Back Fuel Levy Relief
Finance Minister Enoch Godongwana tabled the mid-year budget in Cape Town on Wednesday, cutting 2026 growth to 1.2 percent, confirming debt stabilised at 78.4 percent of GDP and restoring fuel levy relief worth R10 billion from November 4.
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BusinessBitcoin Tops $83,500 as Stocks Rise Before Tesla and Meta Results
Bitcoin hit a one week high near $83,500, Asian stocks jumped, and US futures rose as investors waited for Tesla and Meta earnings after the close.
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BusinessPound Rises to 1.3402 Dollars as Hot UK Inflation Seals Bets on a November Rate Hike
Sterling rose 0.71 percent on Wednesday after UK inflation climbed to 3.5 percent in September, above the 3.4 percent forecast, and traders priced a Bank of England rate increase on November 5 almost in full.
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BusinessRBI Rejects All Bids at Treasury Bill Auction as Short Term Yields Surge
The Reserve Bank of India turned away every bid for 230 billion rupees of treasury bills on Wednesday, as cutoff yields climbed for five straight weeks and traders priced in at least 75 basis points of further rate hikes.
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BusinessEurope Shares Flat as Carrefour Falls 12.5 Percent on France Unrest
The STOXX 600 held at 638.80 points as strong results from Randstad and EssilorLuxottica offset a sharp fall at Carrefour, which cut its outlook and blamed riots, looting and curfews.
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BusinessJapan Exports Rise 16.7 Percent as Chip Demand Lifts Shipments
Exports rose for a 13th straight month in September, helped by semiconductors, while imports rose 18.9 percent and the trade deficit widened past forecasts to 536.6 billion yen.
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BusinessNasdaq Futures Lead US Premarket Gains Ahead of Tesla and Meta Results
US futures rose before the open on Wednesday, with Nasdaq futures up about 0.71 to 0.78 percent on SpaceX and Super Micro strength, while Tesla, Meta and IBM report after the close.
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BusinessFrance's 10-Year Bond Yield Hits 5 Percent, Highest Since 2002
The yield touched 5.002 percent on Wednesday morning and the gap over German Bunds neared levels last seen in 2011, as protests and a stalled budget keep pressure on French public finances.
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BusinessAdidas Raises Profit Outlook After Record Quarter and a Big Tariff Refund
The German sportswear maker lifted its full year operating profit forecast to about 2.5 billion euros after third quarter operating profit jumped 37 percent to a record 1.008 billion euros, helped by full price sales and a tariff refund of about 200 million euros.
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BusinessIntuitive Surgical Stock Falls as $450 Million Settlement and Tighter Outlook Overshadow Earnings Beat
Intuitive Surgical beat Wall Street estimates on Tuesday with revenue of $3.05 billion and adjusted earnings of $3 a share. Shares still fell about 7 percent in extended trading after the robotic surgery maker disclosed a $450 million antitrust settlement charge and narrowed its 2026 procedure growth forecast.
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BusinessFAA Certifies Boeing 737 MAX 10 After Years of Delays, Clearing Largest MAX for Delivery
The approval completes certification of all four MAX variants. Boeing says deliveries of the 1,555 ordered jets will begin in the coming months, with WestJet as launch customer.
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BusinessSuper Micro Lifts Revenue Outlook by $4 Billion as AI Server Demand Surges
The server maker now expects $18.5 billion to $19.5 billion in fiscal first quarter revenue, well above forecasts, and its shares rose 11.3 percent after hours.
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BusinessBank Indonesia Holds Main Rate at 5.75 Percent as Market Rout Presses the Rupiah
The central bank held its benchmark rate at 5.75 percent for a fourth straight review on Oct 21, 2026 and raised the overnight deposit rate to 5.00 percent, days after an MSCI downgrade warning set off a record breaking stock rout and left the rupiah near a record low.
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BusinessUK Inflation Hits 3.5 Percent and Debt Passes 3 Trillion Pounds a Week Before the Budget
Fuel prices pushed inflation to its highest rate in almost a year in September, while government borrowing beat forecasts and public debt passed 3 trillion pounds for the first time, one week before Chancellor John Healey delivers his first Budget on Oct 28, 2026.
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BusinessKospi Surges 4.5 Percent to 5,806 as Chip Stocks Lead an Asia Wide Rebound
South Korean shares jumped on Wednesday morning, a day after a 3.73 percent fall, as foreign buyers returned to Samsung Electronics and SK Hynix and a buying sidecar briefly paused program orders in Seoul.
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BusinessKospi Surges 3.6 Percent as Asia Stocks Rebound on Super Micro and SpaceX Results
South Korea led a regional rebound on Wednesday after a multiday tech selloff, as Samsung and SK Hynix jumped on strong US results that revived demand for AI shares. Japan and Hong Kong also rose, and the record Jio Platforms IPO opened in Mumbai.
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BusinessSpaceX and Tesla Boards Set Up Committees to Review a Possible Merger
Elon Musk told the SpaceX earnings call that independent directors at both companies are studying a combination he backs, but he warned there is no agreement and no guarantee of a deal.
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BusinessTaiex Falls 1.1 Percent to 46,293 as Foreign Investors Sell Before Futures Settlement
Taiwan stocks closed lower on Tuesday, October 20, as foreign investors sold a net TWD 79.54 billion and worries about artificial intelligence spending hit chip shares across Asia.
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BusinessDow Jumps 530 Points to a One-Month High as Health Care Leads Wall Street
The Dow Jones Industrial Average closed at 52,495.88 on Tuesday as money moved out of tech and into health care and steadier stocks, while the Nasdaq finished almost flat ahead of a heavy run of earnings.
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BusinessNetflix Stock Falls as Fourth Quarter Forecast Misses Despite Profit Beat
Netflix beat third quarter profit forecasts on Tuesday, but a soft fourth quarter outlook, a lower advertising target and a trimmed cash flow forecast sent shares down nearly 7 percent in after hours trading.
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BusinessSpaceX Posts First Profit as Q3 Revenue Jumps 161 Percent to $14.6 Billion
SpaceX made $4.4 billion in net income in the third quarter, its first profitable quarter since going public, as its AI business passed rockets and Starlink to become its largest source of revenue.
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BusinessIndia New Zealand Trade Deal Takes Effect, Exports Duty Free
New Zealand removed tariffs on 100 percent of tariff lines for Indian exports on Oct. 20. The deal signed April 27 covers 118 services sectors and 20 billion dollars in investment.
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BusinessBitget Buys Thai Exchange Weeks After $387.5 Million Hack
Bitget plans to acquire the licensed Thai exchange behind Z.com EX through BTGT Management, weeks after attackers drained about $387.5 million from its wallets.
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BusinessSpaceX and Netflix Report Tonight in Packed Q3 Earnings Test
SpaceX seeks its first profitable quarter on $12.8 billion in expected revenue, while Netflix faces a 9.5 percent options move after cutting about 1,000 jobs.
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BusinessSwitzerland Approves Its First Bitcoin ETF for Retail Investors
FINMA cleared the first Swiss retail fund that invests directly in Bitcoin, with a waiver from diversification rules and strict warnings that investors can still lose a lot of money.
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BusinessHalliburton Q3 EPS $0.60 Beats Estimates as Drilling Lifts Revenue
International drilling drove a $5.7 billion quarter for Halliburton, and the company now expects mid-single-digit revenue growth in 2027 with margins near 15 percent.
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BusinessUS Pending Home Sales Fall 7.3 Percent to a Record Low in September
Contracts to buy previously owned homes dropped to an index of 66.0, the lowest since the series began in 2001, as the 30-year mortgage rate hit 7.40 percent.
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BusinessUS Housing Starts Fall 5.2 Percent in September, Missing Forecasts
Builders broke ground at a 1.221 million annual pace in September, well below the 1.3 million forecast, in a third straight monthly fall as high mortgage rates kept buyers on the sidelines.
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BusinessFed Seen Holding Rates in October, With Every Economist Polled Expecting a December Hike
A Reuters poll of 100 economists finds 94 expecting no move on October 27 and 28, and all 100 expecting an increase in December, a sharp reversal from last month.
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Business3M Beats Q3 Forecasts, Raises Guidance as Amazon Deal Lifts the Stock
Earnings of $2.50 a share topped forecasts and guidance rose to $9.10 to $9.15, while a wider Amazon partnership for data center optics gave the stock its real push.
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BusinessGE Aerospace Beats Q3 Forecasts and Raises 2026 Guidance Again
Orders jumped 49 percent to $19 billion as airlines kept spending on engine services, and the company lifted its full-year profit forecast for the second time this year.
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BusinessAmazon Shares Jump 4.4 Percent After Morgan Stanley Names It Top Pick
Shares rose from 250 dollars to 260.96 dollars as Morgan Stanley raised its target to 350 dollars, and Amazon launched a tool that lets its AI chips run PyTorch code without a rewrite.
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BusinessGM Stock Falls as Q3 Profit Beats and $20 Billion Buyback Lands
General Motors beat Wall Street estimates on Tuesday with adjusted earnings of $3.70 a share on revenue of $50.02 billion, and approved a new $20 billion share buyback. Shares still fell about 6 percent before the bell after the company narrowed its full year profit range.
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BusinessRTX Lifts 2026 Forecast as Backlog Hits Record $340 Billion
RTX beat third quarter estimates with adjusted profit of $2.26 a share on sales of $24.97 billion, raised its 2026 forecasts, and reported a record $340 billion backlog after more than $81 billion in new awards. Shares rose about 3 percent before the bell.
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BusinessAsia Slides, Europe Opens Lower as Oil Tops $110 and AI Doubts Return
South Korea's Kospi fell 4.3 percent and Japan's Nikkei lost 1.4 percent on Tuesday as chip shares sold off again. Brent crude held above $110 a barrel on Middle East supply fears, and US futures pointed to a softer open on Wall Street.
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BusinessSaudi Arabia Postpones Davos in the Desert to 2027 Amid Attacks
The Future Investment Initiative was due to open in Riyadh on October 26. Organizers moved the tenth edition to 2027 after Houthi strikes shut the capital airport and Wall Street chiefs weighed whether to travel.
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BusinessUK Unemployment Falls to 4.7% but Vacancies Hit a Five-Year Low
The jobless rate dropped to 4.7 percent in the three months to August, beating forecasts. Vacancies fell to 691,000, total pay growth slowed to its lowest in nearly six years, and inflation data lands Wednesday.
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BusinessElice Shares Close 32% Below IPO Price on KOSDAQ Debut as AI Trade Doubts Deepen
South Korean AI infrastructure firm Elice closed at 61,500 won on Tuesday, down 32.04 percent from its IPO price, after opening 16 percent lower and sliding through its first session.
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BusinessNetflix Film Chief Dan Lin Is Out as the Leadership Shakeup Widens
Variety reported on Monday that Dan Lin, who had run Netflix film since April 2024, was let go over the weekend. His exit follows about 1,000 layoffs and the departure of chief content officer Bela Bajaria.
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BusinessKospi Falls 4 Percent as Chip Selloff Returns to Seoul
South Korea's benchmark closed at 5,552.74 on Tuesday, down 3.73 percent, as foreign and institutional investors sold chips and other large stocks. SK hynix fell 4.23 percent even after US chip stocks rebounded overnight.
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BusinessNasdaq Jumps 1.1 Percent as Tech Stocks Rebound After Worst Week Since June
The Nasdaq Composite rose 290.85 points to 26,430.89 on Monday, October 19, and the S and P 500 added 0.41 percent to 7,690.73, while the Dow eased 0.07 percent. Tech led the rebound, but most S and P 500 stocks fell.
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BusinessBitcoin and Ether ETFs Shed $549 Million as Ether Outflows Near $1 Billion in October
It was a second straight week of Bitcoin fund outflows and a third for Ether. Ether funds have lost about $955 million in October, a record for the year.
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BusinessCanada inflation rises to 3.1% in September on gasoline
Fuel prices pushed Canada's inflation back above the central bank target band in September, days before the October 28 rate decision.
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BusinessChina GDP grows 4.5% in Q3, beats forecast
Beijing beat expectations in the third quarter as factories and tech exports carried growth, while shoppers and home buyers held back.
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BusinessUS Homebuilder Sentiment Falls to Its Lowest Since 2012 as Mortgage Rates Top 7 Percent
The NAHB and Wells Fargo index dropped three points to 29 in October, its lowest reading since June 2012. Builders blamed mortgage rates above 7 percent, higher material and labor costs, and buyer traffic at its weakest since April 2012.
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BusinessStock Futures Rebound After AI Selloff as Oil Falls on Russia Waiver
Nasdaq futures led a Monday recovery after the worst week for US tech stocks since June. Oil dropped after Washington waived Russia sanctions, gold held near $4,185, and bitcoin steadied near $82,000 ahead of a heavy earnings week.
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BusinessUS India Trade Deal 'Very Close' After Trump Waives Russia Sanctions
Secretary of State Marco Rubio said in Uzbekistan on Monday that a trade deal with India is very close. His remarks came days after President Trump waived Russia sanctions that could have hit Indian goods with tariffs of up to 100 percent.
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BusinessUS Chip Stocks Bounce Back After the Steepest Weekly Selloff in Months
Chip shares rose in premarket trading on Monday after an eight day slide cut 11.4 percent off the Philadelphia chip index last week and wiped about 2 trillion dollars off the sector. Intel led the gains after JPMorgan raised its rating.
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BusinessMusk Says He Will Give a SpaceX Share to Every Child in America
Elon Musk wrote on X on Monday that next year he will give one of his SpaceX shares to every kid in America, calling it the first of many. At Friday's closing price of about 146 dollars, covering roughly 73 million children under 18 would be worth about 10.5 to 10.7 billion dollars, but he gave no detail on how the shares would be delivered.
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BusinessEU Charges KKR Over Telecom Italia Deal, Says It May Have Misled Regulators
The European Commission sent KKR a formal statement of objections on Monday, saying the US firm may have given incorrect or misleading information to win approval for its 22 billion euro purchase of Telecom Italia's fixed-line network. KKR can now respond, and a final finding could bring a fine of up to 1 percent of worldwide turnover.
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BusinessBank of England Probes Barclays Over Private Credit Risk Claims
The Prudential Regulation Authority is examining whether Barclays traders misrepresented illiquid private credit loans to cut capital charges, the Financial Times reported. Barclays shares fell about 2 percent.
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BusinessEurope Falls as US Futures Rebound After AI Rout
Paris led European shares lower on Monday as French unrest widened the bond spread with Germany, while US futures rose after the Nasdaq posted its worst week since June.
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BusinessSoftBank in Early Talks to Buy Allied Universal for Up to $18 Billion
SoftBank is in early talks to buy the security giant Allied Universal from Warburg Pincus and La Caisse, the Wall Street Journal reported, in a bet on AI and robots doing security work.
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BusinessSensex Opens Flat as Brent Falls to $108, Gold Nears $4,180
Indian stocks opened almost flat on Monday as bank gains offset weak IT shares. Brent crude fell about 2 percent after the US waived Russia sanctions, gold rose toward 4,180 dollars, and Asian markets trimmed early losses after China growth beat forecasts.
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BusinessCXMT Shares Fall Over 6 Percent Despite Record Nine-Month Profit Forecast
China's largest memory chipmaker forecast a nine-month profit of up to 132.5 billion yuan, a sharp swing from a loss a year earlier. Investors sold the stock anyway on Monday.
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BusinessDaiichi Life Unit Bids A$7.94 Billion for Australia's Challenger
TAL Daiichi Life offered A$11.80 a share, a 19.8 percent premium, for the rest of the annuities group it does not own. Challenger shares jumped 13.55 percent at the Sydney open.
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BusinessForeign Investors Pull Rs 52,100 Crore From Indian Stocks in October
Foreign outflows from Indian equities reached 3.12 lakh crore rupees for 2026, already near double the whole of 2025, while domestic buyers pushed the Nifty up 2.8 percent last week.
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BusinessKospi Opens 3.17 Percent Lower as US Tech Sell-Off Hits Seoul Chips
South Korea's benchmark opened at 5,488.41 on Monday, October 19, after a tech rout on Wall Street on Friday, with Samsung Electronics and SK hynix down about 6 percent before the bell.
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BusinessCrypto ETFs Lose $610 Million in a Week as Ether Funds Lead Exits
US crypto funds lost $610.7 million in the week to October 16, with Ethereum products shedding $320.1 million, more than Bitcoin funds, in a second straight week of withdrawals.
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BusinessTatopani Border Reopens for Three Days to Let Dashain Cargo Through
The Tatopani crossing between Nepal and China reopened on Sunday for three days, cargo only, after a closure that began in late August. More than 45 containers are waiting on the Chinese side with goods for Dashain.
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BusinessCrypto Drifts Lower as Stocks Brace for China GDP and Big Earnings
Bitcoin held near 81,395 dollars in a quiet weekend while Wall Street came off its worst tech week since June, with China GDP on Monday and Tesla and Meta earnings on Wednesday set to test the AI trade.
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BusinessOil Near $110 Meets Fed and ECB Decisions in a Heavy Week
Markets open Monday with Brent close to 110 dollars after a 4.7 percent weekly rise, hot US inflation data, and central bank decisions on October 28 and 29. China growth data lands first, at 02:00 GMT on Monday.
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BusinessChip Stock Bets Lost $52 Million in 10 Minutes While Wall Street Was Shut
Leveraged contracts tied to chip stocks were force closed in a fast Saturday night selloff on crypto exchanges. About $38 million of the losses came from traders betting that prices would rise.
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BusinessChina GDP Grows 4.5 Percent in Third Quarter, Beating Forecasts
China's economy grew 4.5 percent year on year in the third quarter, beating the 4.4 percent forecast, as September retail sales and factory output topped expectations while property kept dragging.
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BusinessIndia Sets Sugar Diversion for Ethanol to Zero for 2026/27
India told oil companies to seek no ethanol from sugarcane juice, syrup or B-heavy molasses in 2026/27, as high sugar prices and a weak cane crop force a choice between sugar supply and fuel blending.
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Business600 MW US Power Deal Secures Ontario Supply for Winter
Ontario grid operator signed a six month contract for 600 megawatts of firm US capacity starting November 1, months after Premier Doug Ford threatened to cut exports south.
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BusinessMacklem Warns Bank of Canada Will Lift Inflation Forecast
Governor Tiff Macklem said on October 17 that the Bank of Canada expects to raise its quarterly inflation forecast significantly this month as oil prices stay high.
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BusinessCircle Targets 40 New Markets as USDC Moves Into Payments
Circle Chief Executive Jeremy Allaire told Reuters in Bangkok that the USDC issuer plans to enter about 40 new emerging and developing markets.
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BusinessOPEC Sees Oil Demand Up 2.4 Million Barrels a Day in 2027
OPEC projects global oil demand will average 108.2 million barrels a day in 2027, led by India and Other Asia, after a far weaker rise in 2026.
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BusinessRBI Clears PFC and REC Merger for Rs 11 Lakh Crore Lender
The Reserve Bank of India has given its No Objection Certificate, dated October 15, for REC to merge into PFC, creating a lender with a loan book over Rs 11 lakh crore.
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BusinessSchwab Opens Bitcoin and Ether Trading to 40 Million Clients
Charles Schwab has finished rolling out direct spot Bitcoin and Ethereum trading to its retail clients, with a flat 0.75 percent fee per trade.
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BusinessBitcoin Holds Near $81,400 as Oil Tops $110 After Nasdaq Slide
Nasdaq closed its worst week since June, Brent topped $110 in Saturday trade, and Bitcoin held near $81,400 as oil, rates and tech losses hit household money.
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BusinessOil at $110 Meets the AI Selloff: What Breaks First for Your Money
An energy shock and doubts over AI borrowing hit at once. Dearer oil lifts inflation, high rates squeeze data centre loans, and big tech earnings are the next test.
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BusinessIs the Stock Market Open on Dussehra? NSE and BSE Closed Oct 20
NSE and BSE will stay closed on Tuesday, October 20 for Dussehra. MCX will close its morning session and open in the evening.
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BusinessChina Warns EU Over Kill Switch Plan to Bar Chinese Firms
EU leaders backed work on a tool that could shut Chinese companies out of the single market. Beijing told Brussels on Friday not to expect pressure to win concessions.
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BusinessIMF Members in Bangkok Call for More Help as War Shocks Spread
The fund's steering committee said risks stay tilted to the downside, wars and high energy prices are squeezing poorer countries, and even the words for AI caused a fight.
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BusinessWorld Bank Targets $19 Billion for Critical Minerals by 2030
President Ajay Banga wants five times the minerals business in five years, and the big development banks agreed in Bangkok to help mining countries process and manufacture, not just dig.
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BusinessHDFC Bank Profit Rises to Rs 195.10 Billion, Narrowly Missing Estimates
HDFC Bank posted a standalone net profit of 195.10 billion rupees for the quarter ended Sep 30, just below the 195.26 billion estimate, as treasury gains fell to 7.8 billion and Anup Bagchi prepares to take over on Oct 27.
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BusinessChina Proposes Export Curbs on 40 AI, Solar and Biotech Technologies
A draft catalogue from two Beijing ministries would ban exports of 14 technologies and license 26 more, from large AI models and agents to next generation solar cell making. Public comment runs until November 15.
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BusinessGold Fails at $4,200 for 15th Session as Dollar Slides After Warsh
Gold came within one dollar of 4,200 dollars and closed below it for a 15th session in a row. The dollar fell to its lowest since October 1 after Fed Chair Kevin Warsh gave no rate guidance in Bangkok.
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BusinessNikkei Futures Drop 1,890 Points as Oil and Tech Debt Spook Asia
Asian futures fell in night trading after a lower Wall Street close on Friday. Nikkei futures lost 1,890 points, Taiwan futures fell 2.42 percent, and Brent crude topped 110 dollars.
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BusinessAsian Bonds See $8.21 Billion Foreign Outflow, Biggest Since 2020
Foreigners sold a net $8.21 billion of bonds in five Asian markets in September, the most since March 2020, as the US 10 year yield hit a 24 and a half year high of 5.3645 percent.
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BusinessStelco Union Backs Nationalization as Hamilton Layoffs Bite
Hamilton's steel union president backed a federal takeover of Stelco on Thursday, as layoffs of 300 to 350 workers test the job promises Cleveland-Cliffs made when Ottawa approved its 2024 purchase.
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BusinessAhold Grocery Sites Stay Offline for Fifth Day After Cyber Incident
Stop & Shop, Giant Food, Hannaford and Food Lion sites and apps remained down Friday while stores stayed open. Giant offered shoppers 10 percent off in store, and a Dutch minister urged Ahold to file a criminal complaint.
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BusinessUS Deficit Hits $1.99 Trillion, Largest in Five Years
Treasury figures released Friday show record receipts and record spending in fiscal 2026, with interest costs at a record $1.36 trillion and $145 billion in tariff refunds widening the gap.
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BusinessNasdaq Falls 2.1 Percent as Tech Sell-Off Caps Its Worst Week Since June
The Nasdaq Composite fell 2.14 percent to 26,140.03 on Friday, October 16, ending the week down about 4.5 percent. The S and P 500 lost 1.09 percent and the Dow fell 0.34 percent as credit fears hit AI and chip stocks.
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BusinessIndia Exports Jump 23 Percent in September to $44.40 Billion
Goods exports rose 23.04 percent from a year earlier, imports climbed 8 percent, and the goods trade deficit narrowed to 30.21 billion dollars.
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BusinessNasdaq Falls More Than 2 Percent as AI Selloff Deepens and Oil Jumps to 109 Dollars
Tech stocks slid again in Friday afternoon trading in New York, chip shares headed for their longest losing run in years, the VIX fear gauge jumped nearly 25 percent, and Brent crude rose about 3 percent as Ukraine hit Russian refineries again.
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BusinessInterest Rates: Warsh Says Fed Will Deliver Price Stability
Fed Chair Kevin Warsh gave no hint on the October 28 meeting in Bangkok. Inflation is 3.7 percent, rates are 3.75 to 4 percent, and traders now look to December.
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BusinessMSCI Adopts Rule That Puts Strategy at Risk of Index Removal
MSCI will bar non-operating companies from its global indexes from November 30. Strategy, the biggest corporate bitcoin holder, is on the list of possible deletions, and its shares fell before the open on Friday.
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BusinessGold Price Falls as Hot Inflation Lifts Fed Hike Bets: What It Means for Your Money
Hot CPI and PPI data pushed yields and the dollar higher and pulled gold lower this week. Fed Chair Warsh remarks then eased hike bets and steadied the price.
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BusinessAir India Cuts Europe Flights, Adds Sydney and Osaka Services
Delhi flights to Copenhagen, Vienna and Birmingham end this winter as fuel costs and closed Pakistan airspace bite. Sydney rises to 11 flights a week and Osaka starts in February.
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BusinessSensex Gains 413 Points as IT Stocks Post Best Week Since 2008
The Sensex closed at 74,729.27 and the Nifty at 23,146.15 on Friday. The Nifty IT index rose 10.4 percent this week, its strongest run since 2008, led by Tech Mahindra and Wipro.
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BusinessNvidia Chief Defends CoreWeave as Shares Head for Steep Weekly Loss
Jensen Huang said CoreWeave is getting stronger and needs no rescue from Nvidia. Credit markets are not convinced, with its bonds at distressed levels and its shares down more than 15 percent this week.
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BusinessSchneider Electric Raises 2026 Targets Again on Data Centre Boom
The French group lifted its profit growth range to 18 to 21 percent and its revenue range to 12 to 14 percent after third quarter revenue hit a record 11.46 billion euros, beating forecasts.
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BusinessEurope Opens Higher, Asia Rebounds as US Futures Edge Up
The STOXX 600 rose 0.3 percent to 641.75 near a two week high, the Nikkei closed up 1.39 percent and the Kospi up 2.05 percent, while UK bank shares fell on a report of a budget tax rise.
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BusinessHedge Funds Drop 2.9 Percent in a Week as AI Bets Unwind
Goldman Sachs told clients that stock-picking funds lost money every day this week. Asia-focused managers fell 6.8 percent in the first half of October and gave back over half their gains since June.
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BusinessIndian Funds Halt Bulk Gold ETF Subscriptions Before Festive Season
Kotak Mahindra, UTI and HDFC mutual funds suspended bulk subscriptions to gold exchange-traded funds late on Thursday, weeks before Dussehra and Diwali, after discussions with the market regulator. Redemptions stay open.
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BusinessNepal Remittances Rise 23.9 Percent to Rs 436.36 Billion
Nepal Rastra Bank figures released October 15, 2026 show Rs 436.36 billion sent home in two months, even as new foreign employment approvals fell to 78,320.
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BusinessMSCI Consults on Downgrading Indonesia From Emerging Market to Standalone Status
MSCI has opened a consultation on moving Indonesia out of its emerging market indexes into standalone status, a step it says fits the scale of the problems investors report there. Feedback runs to April 30, 2027, with a final decision due by June 30, 2027.
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BusinessNikkei Rebounds 1.7 Percent After a 4.9 Percent Plunge as Yields Ease
Tokyo stocks climbed on Friday morning after Wall Street rose and US Treasury yields fell back, following strong Thursday closes in Mumbai and London.
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BusinessRocket Lab Pushes Neutron First Launch to 2027, Shares Fall About 10 Percent
Rocket Lab said tiny air pockets found in a carbon fiber propellant dome forced another delay for its Neutron rocket. The stock fell sharply on Thursday, and two firms cut their price targets.
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BusinessDow Jumps 550 Points as Chip Stocks Fall for a Seventh Day
Wall Street split on Thursday. The chip index sank 2.5 percent for a seventh straight loss, while investors bought bonds, health care, staples and software, and pushed the Dow up 1.1 percent.
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BusinessIEA Speeds Up Emergency Oil Release, With 20 Million Barrels of Diesel First
The agency's governing board agreed on Thursday to accelerate the remaining stock releases pledged in March. About 330 million barrels are out, around 100 million are still to come, and diesel, the tightest part of the market, goes first.
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BusinessTech Mahindra Profit Jumps 33 Percent on $1 Billion in Deal Wins
Tech Mahindra profit rose 32.7 percent to Rs 1,586 crore in the September quarter, revenue rose 15.6 percent, and deal wins topped 1 billion dollars for a fourth quarter.
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BusinessThailand Bitcoin and Ether ETF Rules Take Effect October 16
Thailand will allow locally listed Bitcoin and Ether funds from October 16 under 11 new rules. CoinShares expects a slow start, with no fund approved yet.
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BusinessNasdaq Network Disruption Causes Data Gaps Across US Stock Markets
Nasdaq said a network disruption at its Carteret facility in New Jersey caused intermittent gaps in data feeds for all its US equities markets on Thursday, and that it was investigating.
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BusinessIndia US Trade Deal and Canada Pact: What the Twin Deals Change
India says the first phase of its US trade deal is finalised and in legal drafting, while Canada says CEPA talks could conclude this year. Together they could reshape prices, jobs, and a $70 billion trade ambition.
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BusinessStocks Slide, Gold Holds Above $4,100 as Hot Inflation Reshapes Rate Bets
Hot producer prices and strong retail sales pushed the Nasdaq 100 down 3.28 percent, sent the Nikkei down 4.9 percent, and kept gold above $4,100 as traders priced in higher rates for longer.
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BusinessNetflix to Cut About 1,000 Jobs, Its Biggest Layoff Since 2022
Netflix told staff on October 14 it will cut about 6 percent of its workforce, close to 1,000 jobs, in its largest layoff round since 2022. The cuts hit product, technology, legal and human resources hardest, the co-CEOs said in a memo that called the business strong and on track.
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BusinessNvidia Falls 6.2 Percent and Tesla Drops 4.1 Percent as AI Selloff Deepens
Nvidia slid to 214.35 dollars and Tesla to 359.75 dollars on Thursday. Hot inflation, higher rate bets and AI debt worries drove a second day of selling in big tech.
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BusinessUS Producer Prices Jump 1.3 Percent in September as Retail Sales Beat Forecasts
Wholesale prices posted their biggest monthly rise since March 2022, driven by a surge in gasoline costs, while retail sales rose 0.8 percent, more than forecast, on the same fuel prices.
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BusinessAI Data Centre Deals Hit a Wall as Selloff and Rising Rates Bite
Listings for AirTrunk, Firmus and SB Energy have been pulled or paused in the past week as investors demand proof that data centre firms can carry rising rates and heavy borrowing.
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BusinessIndia US Trade Deal: First Phase Finalised, Signing Nears
India's trade secretary says the first phase of a US trade deal is finalised and in legal drafting, days before Marco Rubio lands in Mumbai.
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BusinessNepal Earthquake Bond: World Bank Deal Explores Fast Payouts
Nepal and the World Bank have signed a mandate to study a catastrophe bond that could send funds fast after a major earthquake.
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BusinessSupreme Court Rules Yes Bank AT1 Bond Write-Off Illegal, Shares Fall 13 Percent
India's top court upheld a ruling that quashed the 2020 write-off of 8,415 crore rupees of Yes Bank AT1 bonds. The bank's shares fell nearly 13 percent on Thursday while the wider market rose.
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BusinessKenya Raises Fuel Prices as Middle East War Lifts Import Costs
Petrol in Nairobi rose 6 percent to 226.96 shillings a litre from Oct 15, diesel rose 4.5 percent and kerosene jumped 14.9 percent, as landed import costs climbed by double digits in September.
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BusinessOil Falls as US Weighs Easing Shadow Fleet Sanctions
Brent fell more than 1 percent toward 104 dollars on Thursday as Washington talked about letting sanctioned tankers carry legal oil, and the IEA forecast world demand down 2.6 million barrels a day this year.
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BusinessUK Economy Grows 0.1 Percent in August as Factories Offset Flat Services
The ONS said production rose 0.8 percent and manufacturing 1.2 percent in August, beating forecasts of a 0.1 percent fall, while services stalled and construction fell for a fourth month.
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BusinessNifty Reclaims 23,000 as IT and Banking Stocks Lead a Sharp Rally in Mumbai
The Nifty 50 rose 1.86 percent to 23,044.35 on Thursday, October 15, as technology, telecom and bank shares surged, oil eased and the rupee hit a four week high, even as Asian markets fell.
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BusinessCanada's Fairfax to Buy Control of India's IDBI Bank in $5.6 Billion Deal
New Delhi has cleared Fairfax Financial to take 60.72 percent of IDBI Bank for 52,878 crore rupees, the largest foreign investment in an Indian bank. The shares fell 7.5 percent on Thursday.
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BusinessJio Sets Price Band for India's Biggest IPO, and Reliance Shares Jump
Jio Platforms set a band of 1,065 to 1,119 rupees a share for a sale that could raise about 30,213 crore rupees and pass the Hyundai Motor India record. Reliance stock climbed about 3 percent on Thursday.
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BusinessBeige Book: US Economy Grows Slightly as Price Pressures Build
The Federal Reserve's survey of business contacts across its 12 districts, released October 14, finds factories carrying growth, shoppers holding back, and fuel and tariff costs working their way into prices.
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BusinessWalmart to Let Shoppers Buy Inside ChatGPT Under OpenAI Deal
The world's largest retailer said customers and Sam's Club members will soon plan meals, restock essentials and pay without leaving the chat, in an announcement that sent its shares to a record close.
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BusinessTSMC Third-Quarter Profit Jumps 69 Percent to a Record NT$763.1 Billion
The world's largest contract chipmaker beat market forecasts for the sixth straight quarter and guided fourth quarter revenue to $52.3 billion to $54.3 billion. Its shares fell about 4 percent in US trading on Thursday anyway, caught in a broad chip sell off as investors weighed margin pressure and caution for 2027.
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BusinessChina Widens Rare Earth Controls as Trump Threatens 100 Percent Tariff
Beijing put 12 of the 17 rare earth elements under export licences and extended the rules to products made anywhere in the world. Washington answered with a tariff threat, both sides began charging port fees, and markets sold off.
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BusinessBitcoin Falls Below 81,000 Dollars as Crypto Liquidations Near 1 Billion Dollars
Bitcoin fell about 3 percent and ether more than 6 percent in 24 hours as hot US inflation data revived fears of another Federal Reserve rate hike and forced leveraged traders out of the market.
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BusinessKospi Crashes More Than 7 Percent as Tech Selloff Deepens in Seoul
South Korea's benchmark index fell past 8 percent on Thursday, triggering 20 minute circuit breaker halts on both the Kospi and the Kosdaq as chip stocks sank and foreign investors sold.
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BusinessHang Seng Falls 1.6 Percent as Hot US Inflation Deepens Asia Selloff
Hong Kong's benchmark fell to 23,954.01 on Thursday as a hotter than expected US inflation report lifted bets on a Federal Reserve rate hike and tech shares sold off across Asia.
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BusinessBHEL Q2 Profit Jumps 120 Percent to Rs 810 Crore, Shares Hit Record
The state run engineering giant more than doubled its September quarter profit on 24 percent revenue growth, and its board cleared Rs 500 crore for new thermal and nuclear equipment capacity at Haridwar.
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BusinessNEPSE Gains 21 Points to Close at 2,621 as Banking Stocks Lead
The Nepal Stock Exchange index rose 21.32 points on Wednesday to close at 2,621, a second straight gain. The banking sector made the largest contribution, after a 4.12-point rise in the previous session.
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BusinessNasdaq Falls 1.9 Percent as Hot Inflation Sparks Worst Selloff Since July
September inflation came in at 3.7 percent, above forecasts. The S&P 500 lost 1.1 percent, Treasury yields spiked, and traders raised their bets on another Fed rate hike.
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BusinessParamount Prepares Warner Bros. Discovery Bid, Reports Say
Bloomberg reported Paramount Skydance is preparing a bid for Warner Bros. Discovery and has lined up financing. No deal is agreed, WBD has not commented in these reports, and Netflix has denied interest in a major purchase.
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BusinessBitwise Dogecoin ETF Trades for the Last Time Wednesday
The Bitwise spot Dogecoin ETF, ticker BWOW, has its final trading day on October 14, 2026. Remaining holders are expected to get cash on or around October 22, based on the October 21 net asset value.
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BusinessIndia Wholesale Inflation Jumps to 11.39 Percent in September
India wholesale price inflation rose to 11.39 percent in September, up from 9.92 percent in August, as fuel, food and factory goods all cost more. The reading beat forecasts and hit a high for the current index series.
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BusinessCanada-India Trade Deal: What $70 Billion by 2030 Really Takes
Canada and India want to more than double two-way trade to $70 billion a year by 2030 and finish a trade deal by the end of 2026. The fifth round of talks in Ottawa shows real momentum, and the hard parts are now clear.
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BusinessBitcoin Holds Above $83,000 as Hot Inflation Lifts Bond Yields
Bitcoin stayed above $83,000 through a hot United States inflation report that pushed the 10-year Treasury yield to 5.308 percent, while stocks closed mixed and Indian shares fell on rising crude and foreign selling.
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BusinessSilver Slides 6 Percent to $55.60 After Hot US Inflation Report
Silver futures settled near $55.55 an ounce, down 6.1 percent for the lowest close in almost 11 months, after September inflation beat forecasts, lifted the dollar, and raised bets on an October Fed rate hike.
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BusinessChina Buys 8 to 10 US Soybean Cargoes, First Since Summit
State buyers paid premiums of $3.10 to $3.20 a bushel over the January Chicago contract. The cargoes ship from December, three trade sources told Reuters.
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BusinessEurope Rises, US Futures Flat as Traders Wait for CPI
The Stoxx 600 added 0.32 percent to 636.99 by 0713 GMT. September CPI lands at 8:30 am Eastern, with forecasts of 0.6 percent on the month and 3.6 percent on the year.
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BusinessKospi Jumps 1.8 Percent as Asia Rebounds, Brent Holds at $106.6
Chip stocks recovered across Asia on Wednesday after Tuesday's selloff. Oil stayed high after Houthi attacks on Saudi Arabia, and traders waited for US inflation data.
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BusinessChina Exports Jump 36.3 Percent in September, Beating Forecasts
Customs data showed outbound shipments of $447.18 billion in September, far above the 25.5 percent rise economists expected, as chip and car shipments led the gain.
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BusinessDow Falls 180 Points as Bank Earnings Fail to Lift Wall Street
The S&P 500 closed almost flat and the Nasdaq slipped as JPMorgan missed forecasts, Johnson and Johnson sank 6 percent, and chip stocks fell for a second day ahead of Wednesday's inflation report.
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BusinessRupee Climbs for Third Day as RBI Steps Cut Dollar Demand
The dollar traded at 95.0825 rupees, down 0.72 percent from 95.7759, as traders told Reuters the RBI likely intervened on Wednesday and state-run banks offered dollars to back the recovery.
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BusinessIran Crude Exports Stay at Zero in October Under US Blockade
Vortexa data in a Reuters report on Oct. 13 shows Iranian crude loadings at zero since the second week of September, with 43 million barrels trapped west of Hormuz while other Gulf flows recover to 81 percent of pre-war levels.
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BusinessIndia Inflation Hits 5.54 Percent as Stocks Rally Anyway
Consumer prices rose 5.54 percent in September, with food inflation at 7.74 percent, even as Mumbai stocks surged on technology earnings. The RBI has already raised rates once and economists expect more.
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BusinessJPMorgan Misses Estimates, Goldman Surges on Trading Boom
Earnings season opened with a split verdict on Tuesday. JPMorgan missed on profit and revenue, Goldman Sachs beat by a wide margin, and bitcoin recovered above $83,000 after a dip below $81,000 overnight. Inflation data lands Wednesday.
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BusinessMeta Jumps 6.25 Percent as Muse Wonder Models Win Analyst Backing
Meta shares reached 763.59 dollars on October 13, up 6.25 percent from 718.67 dollars, after the company launched its Muse Wonder AI models and analysts at Truist, Pivotal and others raised price targets.
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BusinessIMF Chief Says AI Spending Is Holding World Growth Near 3 Percent
IMF chief Kristalina Georgieva told the Bangkok meetings that AI infrastructure spending is keeping global growth near 3 percent despite the energy shock, while IMF research finds about 40 percent of jobs will be changed by the technology.
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BusinessHall and Woodford Win Nobel Economics Prize for Stabilization Work
Robert Hall of Stanford and Michael Woodford of Columbia won the 2026 Nobel Prize in Economic Sciences for rebuilding stabilization models around the choices of households and firms. The prize is worth 12 million Swedish crowns.
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BusinessEurope Rises, US Futures Split as Big Banks Open Earnings Season
The FTSE 100 rose 0.9 percent to 10,751 in early trade on Tuesday while Nasdaq futures fell 0.6 percent. JPMorgan, Goldman Sachs, Citigroup and Wells Fargo report before the bell, and US inflation data lands on Wednesday.
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BusinessKospi Falls 5.5 Percent as China Chip News Hits Samsung, SK Hynix
Seoul closed down 5.5 percent on Tuesday after China's CXMT reported progress on a denser memory chip design. Samsung fell 7.39 percent, SK Hynix fell 10.09 percent, and the selling spread to Tokyo, Taipei and US futures.
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BusinessNifty Jumps 1.5 Percent as IT Stocks Rally After HCL Tech Earnings
India's Sensex closed at 73,033.78 on Tuesday, up 1.54 percent from Monday, and the Nifty 50 rose to 22,721.95, as heavy buying in technology shares after strong HCL Technologies and TCS results lifted Mumbai markets.
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BusinessNikkei Falls as Oil and Chip Stocks Hit Tokyo, While London and Toronto Rise
Tokyo fell on Tuesday after a holiday as Brent held near 105.9 dollars and chip shares slid. London banks lifted the FTSE 100 on Monday, and Toronto had its best day in five weeks on Friday after weak jobs data cut rate hike bets.
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BusinessSolana Falls 7 Percent as Crypto Sells Off and ETF Money Leaves
Solana dropped 7.08 percent in 24 hours to $103.55 on Monday. A failed energy ceasefire, high oil prices and record Solana ETF outflows hit risk assets at the same time.
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BusinessDow Rises, Nasdaq Falls as Chip Stocks Slide at the Close
The Dow gained 0.38 percent to 51,851 on Monday while the Nasdaq fell 0.44 percent. Chip stocks slid for a fifth session, Brent closed at $106.65, and bank earnings open on Tuesday.
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BusinessSensex Drops 548 Points as Oil Spike Spurs Selloff
The Sensex closed down 548 points at 71,924.68 and the Nifty shed 157 points as IT, banking and FMCG stocks dragged. Brent near $103 kept the pressure on.
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BusinessCanada Sends Biggest Trade Mission to India in 30 Years
Trade Minister Maninder Sidhu leads nearly 300 delegates to Mumbai and Bengaluru on October 12-17 as Ottawa chases a year-end trade deal and a $70 billion two-way trade target by 2030.
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BusinessCrypto Flatlines as Stocks Waver and Trump Bets on Russian Diesel
Bitcoin barely moved overnight while Wall Street opened Monday split in two directions. The money story that matters: Brussels hit Russia with its biggest-ever sanctions package as Washington buys Russian diesel to cut pump prices before the midterms.
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BusinessSaudi Stocks Dip After Attack as Oil Holds Above $100
Saudi stocks fell a modest 1% after the Riyadh airport attack while oil held above $100; India foreign outflows topped Rs 3 lakh crore; crypto stayed flat. Here is what it means for ordinary money.
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BusinessEU, China agree to halve Chinese hybrid car exports to Europe
Beijing will cut hybrid and plug-in hybrid shipments to Europe by more than half over four years. Brussels gets breathing room for its carmakers; China gets a fast lane for rare earths and tariff cuts on 4 billion euros of European goods.
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BusinessMarkets roundup: crypto sleeps, Cardano jumps, savers win as Fed hikes
Bitcoin drifted sideways near $82,800 while Cardano jumped 7 percent on a technical rebound. Stocks rose on AI-capex names, with Amazon up 3.3 percent. And the Fed's rate-hike U-turn is paying savers up to 5 percent while punishing borrowers.
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BusinessTrump Announces 4.8M Tons of Russian Diesel in Sanctions U-Turn
Trump announced a Russian diesel deal after talks with Putin, with Treasury waiving sanctions through April 2027. Zelensky called it a "weak decision" that hands Moscow new revenue weeks before the November 3 midterms.
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BusinessHurricane Isaias Forces Nearly Two-Thirds of U.S. Gulf Oil Output Offline
Federal data show 1.3 million barrels a day shut in as the 2026 season's first hurricane bears down on the northern Gulf Coast, with landfall expected late Friday or early Saturday.
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BusinessOil Surges to $104 as Iran and Houthis Escalate Tanker Attacks
Brent crude hit its highest price since mid-September after a tanker near Qatar was struck and Houthi militants fired missiles at Saudi airports for a third straight day. The spike is already being felt at American gas pumps.
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BusinessTrump Backs Swipe-Fee Bill That Could Reshape Your Credit Card Rewards
Trump, Vance and top campaign aides have thrown their weight behind the long-stalled Credit Card Competition Act, which would let merchants route card payments over rival networks, and could change the rewards you earn at checkout.
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BusinessSamsung Smashes Records With 107.4 Trillion Won Quarterly Operating Profit
The 107.4 trillion won operating profit, up 783 percent year on year, is the first 100-trillion-won quarter in South Korean corporate history.
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BusinessBig Tech's AI Borrowing Spree Strains Bond Markets as Yields Flirt With 24-Year Highs
SpaceX, Broadcom and Oracle are reportedly seeking tens of billions in new debt to buy AI chips, pushing sovereign bonds and raising questions about the AI investment loop.
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BusinessTCS Profit Jumps 14.8% as Sensex Tumbles 1,045 Points on Global Risk-Off
India's earnings season opened with a strong TCS print overshadowed by a sharp selloff as crude climbed and the dollar strengthened.