Canara Bank-led consortium sells KTPL's Rs 520-crore debt to Prudent ARC
Friday, October 31,2025,22:33
A lenders' consortium led by Canara Bank has successfully sold ₹520 crore of Karanja Terminal and Logistics (KTPL) debt to Prudent ARC through a Swiss challenge auction. This all-cash transaction recovered over 86% of the dues, significantly exceeding initial offers and the base price. The sale, however, is pending ongoing court proceedings initiated by KTPL's promoters. .. read more..
RBI cancels Rs 11,000 crore bond auction; 10-year yield eases 7 bps to 6.53%
Friday, October 31,2025,22:08
Indian sovereign bond yields eased on Friday. The Reserve Bank of India cancelled a 7-year bond auction. This action led to a nearly seven basis point drop in the benchmark 10-year sovereign bond yield. Traders believe the cancellation signals the central bank's discomfort with higher yield bids. This development follows a period of rising yields since June. .. read more..
FPIs pump Rs 12,206 crore into Indian bonds in October amid relatively stable...
Friday, October 31,2025,21:44
Overseas funds injected ₹12,206 crore into Indian sovereign bonds in October, driven by a stable rupee and US Federal Reserve rate cuts. Foreign investors increased purchases on days of reported central bank currency intervention and after the Fed's policy move, boosting local debt returns. .. read more..
Fed’s Logan says this week’s rate cut was not needed, opposes one in December
Friday, October 31,2025,18:00
The U.S. central bank should not have cut interest rates this week and should not do so again in December, Dallas Federal Reserve President Lorie Logan said on Friday, citing a ‘balanced’ labor market in no immediate need of support and inflation that looks likely to stay above policymakers’ 2% goal for too long. “This ... .. read more..
As Trump skips APEC, China’s Xi fills the void with message on trade
Friday, October 31,2025,18:00
As Air Force One took off from South Korea’s Busan airport after U.S.-China talks on Thursday, Chinese leader Xi Jinping’s Hongqi N701 limousine whisked him off to the Asia-Pacific Economic Cooperation summit some 50 miles (80km) away. The split-screen moment captured a shift in global economic leadership: U.S. President Donald Trump heads home after a ... .. read more..
Fed’s Schmid: Inflation risks remain, economy still showing momentum
Friday, October 31,2025,18:00
Kansas City Fed president Jeffrey Schmid said on Friday that he dissented against cutting interest rates this week out of concern that continued high inflation and signs of price pressures spreading in the economy could raise doubts about the central bank’s commitment to its 2% inflation target. To the extent there is weakness in the ... .. read more..
Trump’s war on ‘woke’ forces community lenders to cut services or close
Friday, October 31,2025,18:00
A year ago, Karlene Sinclair-Robinson was writing loans and hosting education seminars for small businesses and entrepreneurs as finance director of Community Business Partnership, a community development financial institution, or CDFI, in northern Virginia. Now, she’s helping shut it down for good on December 31. The non-profit has been in business for nearly 30 years, ... .. read more..
Goldman Sachs CEO Solomon warns of a US ‘reckoning’ on government debt
Friday, October 31,2025,18:00
Goldman Sachs GS CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster. “If we continue on the current course, and we don’t take the growth level up… there will be a reckoning,” Solomon told the Economic Club of Washington. ... .. read more..
China non-manufacturing activity expands in September, PMI shows
Friday, October 31,2025,18:00
China’s non-manufacturing activity returned to expansion in October, an official survey showed on Friday. The non-manufacturing purchasing managers’ index (PMI), which includes services and construction, rose to 50.1 from 50.0 in September, according to the National Bureau of Statistics (NBS). The NBS composite PMI of manufacturing and non-manufacturing fell to 50.0 in October, compared with ... .. read more..
China’s manufacturing PMI shows steeper-than-expected downturn
Friday, October 31,2025,18:00
Manufacturing PMI fell by more than expected China’s official manufacturing purchasing managers’ index slowed to 49.0, down from 49.8. This marked a 6-month low, tying April for the lowest level of the year. It came in below expectations for a smaller moderation to 49.6. The slowdown was seen across all the major subcategories. Production fell ... .. read more..
Fed hawks blast rate cut, say US inflation is too high
Friday, October 31,2025,18:00
Two regional Federal Reserve bank presidents on Friday aired their disagreement with the U.S. central bank’s decision to cut interest rates this week, saying the labor market doesn’t need the support and inflation is too high to warrant such a move. The strikingly frank remarks – from Dallas Fed President Lorie Logan and Kansas City ... .. read more..
Strong Japanese industrial output and accelerating inflation raise chances of...
Friday, October 31,2025,18:00
Tokyo CPI inflation beat expectations in October Tokyo CPI inflation increased 2.8% year-on-year in October (vs 2.5% in September, 2.4% market consensus). October is typically the month when companies adjust prices. A 0.6% month-on-month, seasonally adjusted, increase suggests businesses are raising final prices in response to input price hikes. Prices increased for both goods (0.9%) ... .. read more..
Euro zone inflation eases a touch in October but core steady
Friday, October 31,2025,18:00
Euro zone inflation slowed a touch in October and continued to hover near the European Central Bank’s 2% target, confirming the bank’s message that the economy remains on the relatively benign path it projected earlier. Inflation in the 20 nations sharing the euro currency slowed to 2.1% from 2.2% in September, in line with economists’ ... .. read more..
ECB should keep “full optionality” at upcoming meetings: Villeroy
Friday, October 31,2025,18:00
The European Central Bank must keep its options open for interest rate moves at upcoming meetings to react to risks, including from financial markets, ECB policymaker Francois Villeroy de Galhau said on Friday. The ECB kept interest rates unchanged at 2% for the third meeting in a row on Thursday, which Villeroy described as a ... .. read more..
Wall Street has misgivings about Mamdani as mayor, but prepares for collabora...
Friday, October 31,2025,18:00
Wall Street and the finance industry have broad misgivings about the prospect of frontrunner Zohran Mamdani becoming New York City’s mayor, but many are hopeful he moderates his positions as they prepare to try and work alongside him. Mamdani’s policies range from hiking taxes on New York City’s wealthiest, raising the corporation tax, freezing stabilized ... .. read more..
BOJ locks in near-term rate hike, yen may sway timing
Friday, October 31,2025,18:00
The Bank of Japan’s cautious governor has dropped unusually hawkish hints of an interest rate hike in December or January next year, with the timing likely swayed not just by wage momentum but by moves in the . The central bank kept interest rates steady at 0.5% on Thursday as expected, but Governor Kazuo Ueda ... .. read more..
US delay on China export restriction could defang it, former US officials say
Friday, October 31,2025,18:00
Washington’s decision to delay a rule on export restrictions for Chinese companies, announced by China after Thursday’s summit meeting with U.S. President Donald Trump, could end up making the measure ineffective, former U.S. officials said. The one-year suspension of the so-called affiliates rule, which had sought to prevent sanctioned Chinese companies from using subsidiaries to ... .. read more..
investingLive Americas market news wrap: Schmid highlights the case for dissent
Friday, October 31,2025,16:33
Fed's Schmid: Dissented against rate cut because of continued momentum in economy Fed's Bostic:Eventually got behind the cut this week.Fed's Hammack says would not have cut Fed's Logan (voter in 2026) says she would have preferred to hold rates Canada August GDP -0.3% vs 0.0% expected Trump told Xi: Chip sales are "between you and Nvidia" Warren Buffett will release a letter to shareholders on November 10 Why the Fed's Schmid is right to cite financial conditions as a reason to pause rate cuts Trump set to authorize strikes inside Venezuela on military targets November market seasonals: Simply the best Markets: Gold down $27 to $3995 US 10-year yields flat at 4.09% WTI crude oil up 32-cen... .. read more..
Obamacare prices are set to spike – here's why
Friday, October 31,2025,16:31
Obamacare health insurance premiums are expected to rise 26% on average in 2026 as Congress debates extending enhanced premium tax credits amid the government shutdown. .. read more..
North American equity close: A mid-day swoon attracts dip buyers. Sixth month...
Friday, October 31,2025,16:05
It was a lively day in terms of price action as US stocks started very strongly, then sold off and eventually fell into negative territory in the mid-afternoon. Bids arrived late though and US stocks marched all the way back close (but not above) the intraday highs. In the last 10 minutes of trading, there was more selling. S&P 500 +0.3% Nasdaq Comp +0.7% DJIA +0.1% Russell 2000 +0.7% Toronto TSX Comp +0.3% On the week: S&P 500 +0.7% Nasdaq Comp +2.2% DJIA +0.7% Russell 2000 -1.2% Toronto TSX Comp -0.3% On the month: S&P 500 +2.3% Nasdaq Comp +4.7% DJIA +2.5% The six-month winning streak in the S&P 500 is the longest since 2021. I continue to think the Russell 2000 remains... .. read more..
A big week of stock market earnings wraps up. What's scheduled for next week
Friday, October 31,2025,15:12
Here is a look at the week ahead from Earnings Whispers. I can't believe D-Wave Quantum is getting top billing there above ConocoPhillips. The first is a company that reported $3.1 million in revenues last quarter and the second had $14 billion. That goes to show that we're alot closer to the top than the bottom. To be honest, I see way too many memes on this list and not enough real companies. I wouldn't want to own many of these. This article was written by Adam Button at investinglive.com. .. read more..
Croatia Inflation Slows Sharply In October
Friday, October 31,2025,14:51
Croatia's consumer price inflation eased markedly in October to its lowest level in five months amid slower increase in food and energy prices, preliminary data from the statistical office showed Friday. .. read more..
Trump told Xi: Chip sales are "between you and Nvidia"
Friday, October 31,2025,14:31
CNBC's Kristina Partsinevelos reports: Trump told Xi chip sales are "between you and Nvidia." Huang must clear antitrust, backdoor H20 risks, and energy failures. By then, a source says B30A launching mid-2026 is 50% performance and a generation behind Rubin. Beijing stalling lets developers migrate to Huawei. I think there is some worry in US circles that if Nvidia doesn't provide chips to China, then they could develop their own and export to the rest of the world at much lower costs; and then it would be China that has the leverage elsewhere instead of the US. Then again, I don't think that genie is going back in the bottle anyway. Like rare earths, once you threaten supply, it's incum... .. read more..
BlackRock's Larry Fink says US still top destination for global investors to ...
Friday, October 31,2025,14:14
BlackRock CEO Larry Fink said the U.S. will remain the top investment destination as money flows back up into American assets amid the AI surge and the economy remaining resilient. .. read more..
Trump says US tariffs on China cut by 10% immediately
Friday, October 31,2025,14:00
US President Donald Trump said Oct. 30 that he has cut the 20% fentanyl-related tariffs on China by 10%, effective immediately, following a summit meeting with Chinese President Xi Jinping in Busan, South Korea, in a move that could potentially affect China’s commodity trade with the US. Trump said that China will begin “buying in ... .. read more..
Barclays, BofA sees no further ECB easing in 2025
Friday, October 31,2025,14:00
Barclays and BofA Global Research have revised their forecast and no longer expect the European Central Bank to cut interest rates in its December meeting, after the ECB kept rates unchanged on Thursday. The ECB kept interest rates steady at 2% for the third meeting in a row and said that policy was in a ... .. read more..
Warren Buffett will release a letter to shareholders on November 10
Friday, October 31,2025,13:21
95-year-old Warren Buffett already announced that he will be stepping down from Berkshire Hathaway at year end. In February, successor Greg Abel will pen a annual shareholder letter but the WSJ reports today that Buffett will publish two letters on November 10 -- one to Berkshire Hathaway shareholders and one to his three children, presumably about his wealth. Buffett will step down as CEO but will remain chairman. Buffett is known for a willingness to pay up for quality but here is a chart showing that his big bets were at levels far below what major companies are trading at now. That helps to explain why Berkshire is holding so much cash. We will have to see if Greg Abel operates differ... .. read more..
Government shutdown blocks key GDP data release – what do the Fed's models sa...
Friday, October 31,2025,12:06
The ongoing government shutdown has delayed the official third-quarter GDP report release, although real-time estimates from a pair of Federal Reserve banks suggest the economy grew. .. read more..
Trump says he would love to get rid of the extra 10% tariff on China
Friday, October 31,2025,11:47
On Air Force One, Trump said he would love to get rid of the remaining 10% fentanyl tariff on China. At this rate, China is going to have the lowest tariffs in the world. Also: Says there are no strikes on Venezuela I wonder if that leak to the Miami Herald was just to see what kind of alarms it raised or to flush something out in terms of intelligence. Says he will not restart negotiations with Canada This article was written by Adam Button at investinglive.com. .. read more..
Brazil Jobless Rate Remains Stable At 5.6%
Friday, October 31,2025,10:46
Brazil's unemployment rate held steady in the three months ending in September. The jobless rate stood at 5.6 percent in the July-September period, the same as in June-August. However, the rate dropped from 5.8 percent in the April-June period. The number of unemployed people was 6.0 million, the lowest number in the historical series, falling by 3.3 percent compared to the previous quarter. .. read more..
US energy secretary: Goal is to bring Canada-US back together for trade talks
Friday, October 31,2025,10:28
This is the first US cabinet official that's talked about re-starting US-Canada trade talks. They fell apart last week after Trump had a tantrum about a Ronald Reagan ad. The market almost entirely shrugged off the breakdown and Trump's threat of fresh 10% tariffs on Canada, so this isn't a surprise but there is some uncertainty on when trade talks might restart or conclude. There is a fairly narrow window now with US Thanksgiving and then Christmas coming. This article was written by Adam Button at investinglive.com. .. read more..
Portugal Inflation Eases Slightly, Industrial Output Grows
Friday, October 31,2025,10:24
Portugal's consumer price inflation moderated slightly in October, while industrial production expanded for the fifth straight month in September. The consumer price index rose 2.3 percent annually in October, slower than the 2.4 percent increase in September. Prices for energy products were 1.2 percent less expensive, which largely helped the slowdown in inflation. .. read more..
Chicago Business Barometer Climbs More Than Expected But Still Indicates Cont...
Friday, October 31,2025,10:16
A reading on Chicago-area business activity increased by more than expected in the month of October but continued to indicate contraction, according to a report released by MNI Indicators on Friday. The report said the Chicago business barometer climbed to 43.8 in October after slipping to 40.6 in September. Economists had expected the index to show a more modest increase to 42.3. .. read more..
French Inflation Weakens In October
Friday, October 31,2025,10:03
France's inflation slowed in October as food price growth softened and energy prices logged sharper fall, preliminary estimate from the statistical office INSEE showed Friday. .. read more..
Eurozone Inflation Softens On Energy Prices
Friday, October 31,2025,09:38
Eurozone inflation softened in October largely due to the fall in energy prices, while core consumer prices registered a steady growth, official data revealed Friday. The harmonized index of consumer prices rose 2.1 percent on a yearly basis, following a 2.2 percent rise in September, flash estimate from Eurostat showed. Inflation came in line with expectations. .. read more..
US stock futures are up 0.7%. Here are the pre-market winners, led by Amazon
Friday, October 31,2025,09:11
I have been writing about the k-shaped economy this week but we're increasingly in a k-shaped stock market. The S&P 500 hit a record this week but yesterday, 9% of stocks in the S&P 500 hit a 52-week low. This is a market that's being carried by some Mag7 names and the AI trade. AbbVie (ABBV) — Fell 1.6% after another weak quarter in its aesthetics segment despite strength in new anti-inflammatory drugs. Amazon (AMZN) — Up 13.5% on strong earnings ($1.95/sh vs. $1.57 est.) and $180.2B in revenue, beating expectations. Apple (AAPL) — Added 2% after topping Q3 earnings and revenue forecasts and guiding for a strong holiday quarter. Brighthouse Financial (BHF) — Soared 24% after FT s... .. read more..
Hong Kong GDP Growth Accelerates In Q3
Friday, October 31,2025,09:00
Hong Kong's economy expanded at a faster pace in the three months ending in September, driven by a continued surge in exports and sustained expansion in domestic demand. Gross domestic product advanced 3.8 percent year-over-year in the third quarter, following a 3.1 percent growth in the second quarter. .. read more..
German Import Prices Fall At Slowest Pace In 5 Months
Friday, October 31,2025,08:41
Germany's import prices dropped at the slowest pace in five months in September as the decline in energy prices slowed notably, Destatis reported Friday. .. read more..
Trump set to authorize strikes inside Venezuela on military targets
Friday, October 31,2025,08:40
The Miami Herald reports that the US is poised to strike military targets in Venezuela in escalation against Maduro regime. This isn't a hit on narcotics operations but on military installations. This is tantamount to an undeclared war, though the US is saying that drug trafficker use the installations. Sources told the Herald that the targets — which could be struck by air in a matter of days or even hours — also aim to decapitate the cartel’s hierarchy. U.S. officials believe the cartel exports around 500 tons of cocaine yearly, split between Europe and the United States. Oil is climbing on the headlines but Venezuela is no longer a large exporter of oil, with exports around 700-900kbpd... .. read more..
Canada August GDP -0.3% vs 0.0% expected
Friday, October 31,2025,08:30
September advance estimate +0.1% Prior was +0.2% (revised to +0.3%) Goods-producing industries declined 0.6% in August Services-producing industries edged down 0.1% Flight attendant strike behind a 1.7% decline in transportation and warehousing Wholesale trade sector declined 1.2% in August Mining, quarrying, and oil and gas extraction contracted 0.7% in August The utilities sector contracted 2.3% as worsening drought conditions hampered hydroelectric power generation Retail trade up 0.9% Full release This article was written by Adam Button at investinglive.com. .. read more..
Austrian Inflation Remains Stable At 4.0%
Friday, October 31,2025,08:18
Austria's consumer price inflation held steady in October after easing slightly in the previous month. The consumer price index climbed 4.0 percent year-over-year in October, the same as in August. Inflation based on services slowed marginally to 4.6 percent from 4.7 percent in September. On the other hand, energy prices grew at an accelerated pace of 9.7 percent. .. read more..
German Retail Sales Recover In September
Friday, October 31,2025,08:01
Germany's retail sales recovered in September on higher food turnover, official data showed on Friday. .. read more..
Euro area bond yields on track for two straight weekly rise after Fed, ECB
Friday, October 31,2025,07:45
Euro zone government bond yields were on track for a second straight weekly rise following a hawkish signal from the Federal Reserve and an uneventful European Central Bank meeting. .. read more..
India bonds rebound as RBI lowers auction supply
Friday, October 31,2025,07:43
Indian government bonds rose by close of trade on Friday as the central bank sold lesser debt than scheduled at a weekly auction, providing some relief in a bearish market. .. read more..
investingLive European FX news wrap: Eurozone CPI ticks lower, core stays at ...
Friday, October 31,2025,07:42
How have interest rate expectations changed after this week's events? Italy October preliminary CPI (HICP) +1.3% vs +1.7% y/y expected Eurozone October preliminary CPI +2.1% vs +2.1% y/y expected ECB's Simkus: In the medium-term, the projected indicators are aligned with the 2% target ECB survey: Long-term inflation expectations unchanged at 2% Nvidia CEO Huang: Hope the Blackwell can be sold in China ECB's Kazaks: Risks to growth and inflation are more balanced ECB's Muller: Current level of interest rates is appropriate France October preliminary CPI (HICP) +0.9% vs +1.0% y/y expected ECB's Rehn: No major changes to outlook since September meeting Switzerland September retail sales Y/Y ... .. read more..
Taiwan Economic Growth Eases To 7.64%
Friday, October 31,2025,07:24
Taiwan's economic growth moderated slower than expected in the third quarter. Gross domestic product, or GDP, advanced 7.64 percent year-on-year in the September quarter, slower than the 8.01 percent increase in the June quarter. On the expenditure side, private final consumption grew by 0.92 percent over the year, and government final consumption rose only by 0.1 percent. .. read more..
UK Nationwide House Price Growth Softens
Friday, October 31,2025,07:15
UK house prices increased at a slower pace in October as buyers were cautious ahead of the budget, data from the Nationwide Building Society showed Friday. House price posted a monthly growth of 0.3 percent in October, slower than the 0.5 percent rise seen a month ago. Nonetheless, the figure was better than the forecast of nil growth. .. read more..
Largest US airlines raise pressure on Dems to 'pass a clean CR' and end shutdown
Friday, October 31,2025,07:13
Major U.S. airlines are calling on Congress to reopen the government as TSA workers and air traffic controllers are continuing to work without pay. .. read more..
China factory activity stumbles as export orders dry up
Friday, October 31,2025,07:00
China’s factory activity shrank for a seventh month in October, dragged by a drop in new export orders as the boost from months of front-loading to beat U.S. President Donald Trump’s tariff threats finally wore off. The official purchasing managers’ index (PMI) fell to 49.0 in October from 49.8 in September, a six-month low, the ... .. read more..
US weekly jobless claims fall, economists estimate
Friday, October 31,2025,07:00
The number of Americans filing new applications for unemployment benefits fell last week, economists estimated on Thursday, though new job opportunities for those who are laid off remained scarce amid a reluctance by businesses to boost hiring. Initial claims for state unemployment benefits dropped to a seasonally adjusted 219,000 for the week ended October 25 ... .. read more..