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GLOBAL CORPORATE
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Panasonic Holdings raised ?its ?full-year operating profit ?forecast by 20% to 710 billion yen ($4.5 billion) ?on Friday, helped by a range of factors including stronger-than-expected AI-related ?demand.
• The Japanese company ?lifted its group operating profit forecast for the year ?ending ?March 2027 fr...
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ExxonMobil beat Wall Street ?expectations ?for third-quarter profit on Friday, ?as soaring refining margins driven by the US-Israeli war on ?Iran and Ukrainian strikes on Russian refineries boosted the largest US oil producer’s earnings. ...
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Monday will ring ?in ?a brand-new trading month, a prospect that appeals ?to many after a doozy of a last session in October.
A fresh test of this year’s technology ?rally sent the Nasdaq composite on Friday to its biggest decline since June. Chipmaker Intel and social media firm Reddit fell 29% and Sandisk,...
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S&P Global Ratings on ?Friday ?revised its outlook on ?Meta Platforms to "negative" from "stable", citing significant uncertainty around its ?capital spending and free operating cash flow.
Meta has been pouring money into ?advanced chips and data centers ?to compete more aggressively with AI market leaders...
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AI startup OpenAI has slashed ?the target for its latest ?funding round by $10 ?billion and ?is ?now seeking to ?raise $20 billion at ?a $1.25 ?trillion valuation, the Financial Times ?reported on Friday, citing people with knowledge ?of the matter....
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Amazon has seen its largest ever free cash flow loss after investing billions into its artificial intelligence and cloud infrastructure. It has resulted in Amazon reporting a negative free cash flow of $42.4 billion for the 12 months ending on September 2026, compared with a positive $14.8 billion in the same...
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US oil companies are investing to squeeze out more fuel from refineries and bringing shuttered plants back online in response to conflicts in Russia and Iran that have crimped supplies.
ExxonMobil Chief Executive Darren Woods said Friday the company had achieved "record fuels utilization" outside of the Mi...
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GLOBAL ECONOMY
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United States ?President ?Donald Trump's economic ?agenda has delivered robust growth and ?strong investment but failed to reduce the trade deficit, ?according to a study ?by the German Economic Institute IW seen ?by ?Reuters on F...
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China's factory activity was likely flat in ?October ?from the previous month, as the ?manufacturing sector continued to move at two speeds, with advanced manufacturers racing ahead and ?legacy ones still under pressure.
The of...
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The French economy unexpectedly shrank in ?the ?third quarter, while October inflation accelerated ?to the highest level since late 2023, due to what Economy ?Minister Roland Lescure described as an unprecedented mix of external a...
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The ?number of people ?out of work in ?Germany rose slightly less than expected ?in October, labour office ?figures showed on ?Friday, ?as the autumn revival in the labour ?market remained subdued.
In seasonally adjusted terms,...
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Inflation fell ?in ?several key German states ?in October, preliminary data showed on Friday, ?suggesting Germany's national inflation rate could also decrease this ?month.
• In Bavaria, the inflation ?rate fell to 2.8% in Octo...
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The euro zone economy grew quicker ?than ?predicted last quarter, Eurostat data showed ?on Friday, remaining resilient to headwinds from expensive energy as investments and ?consumption held up.
Economic growth slowed to 0.4% i...
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Uganda's inflation rate rose ?to ?a 3-year high of 5.8% in ?October, the country's statistics office said on Friday, a move that follows ?a sharp slump in its shilling currency in recent months and a jump in oil and food prices....
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Canada's economy stalled ?in ?August for the second straight month ?as increases in the retail, manufacturing and construction sectors were largely ?offset by a drop in activity in wholesale trade and public administration, data s...
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US ?labor costs increased ?moderately in the third ?quarter, pointing to benign wage ?inflation.
The Employment Cost ?Index (ECI), the ?broadest ?measure of labor costs, rose 0.8% last ?quarter after increasing 0.9% in the Apri...
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Mexico's ?economy ?slowed in the ?third quarter from the previous three-month ?period, a preliminary estimate from national statistics ?agency INEGI showed on ?Friday, beating analysts' expectations.
Gross domestic ?product ?in...
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?Canada ?recorded a substantially ?lower C$5.36 billion ($3.84 billion) budget ?deficit for the first five ?months of the 2026/27 ?fiscal year as ?government ?revenues grew faster than expenses, the finance ministry ?said on Frida...
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Less ?than a week after Brazilian ?President Luiz Inacio Lula da Silva's re-election, members of his government and ?Workers Party (PT) are drawing red lines around potential tougher spending measures, underscoring the challenge o...
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Credit ratings agency Fitch on ?Friday ?revised France's outlook to "negative" from "stable", ?warning that deteriorating fiscal conditions and political fragmentation are ?undermining debt stabilization prospects.
The agency p...
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