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Australia's Consumer Confidence Slumps on Cost-of-Living Fears
Global Financial News

Australia's Consumer Confidence Slumps on Cost-of-Living Fears

Australia's consumer confidence tumbled deeper into pessimistic territory in November after the Reserve Bank raised interest rates for a fifth time this year to tackle stubbornly strong inflation. Th

GFM News• 22 hours ago
Fed should move policy 'with care' as it responds to inflation, Barkin says
Global Financial News

Fed should move policy 'with care' as it responds to inflation, Barkin says

GREER, South Carolina, Nov 9 (Reuters) - The US central bank should move its monetary policy "with care" as it maps a response to inflation that remains its greatest risk, Richmond Federal Reserve Pre

GFM News• 22 hours ago
U.S. Treasury Yields Edge Lower as Oil Prices Decline
Global Financial News

U.S. Treasury Yields Edge Lower as Oil Prices Decline

The two-year Treasury yield eased 0.2 basis point to 4.519%, while the 10-year yield fell 0.4 basis point to 4.854% U.S. Treasury yields edged lower Monday, with falling oil prices steering direction

GFM News• 1 days ago
UniCredit set to seal Commerzbank takeover this month
Global Financial News

UniCredit set to seal Commerzbank takeover this month

Italian lender plans to launch restructuring of German target in first quarter of 2027 UniCredit expects to take control of German rival Commerzbank by the end of this month and could accelerate plan

GFM News• 1 days ago
Mitsui Chemicals and DBJ to buy JSR for $11.6 billion, filing shows
Global Financial News

Mitsui Chemicals and DBJ to buy JSR for $11.6 billion, filing shows

TOKYO, Nov 9 (Reuters) - Mitsui Chemicals (4183.T), opens new tab and the Development Bank of Japan (DBJ) will acquire chipmaking materials maker JSR from state-backed fund Japan Investment Corp (JIC)

GFM News• 1 days ago
Gold gains more than 1% as softer oil prices ease inflation worries
Global Financial News

Gold gains more than 1% as softer oil prices ease inflation worries

Nov 9 (Reuters) - Gold rose more than 1% on Monday as softer oil prices eased inflation concerns, while investors awaited key US inflation data and fresh signals from the Federal Reserve on its policy

GFM News• 1 days ago
Buatsi vs Hutchinson 2: Scotland's Willy Hutchinson wins WBC light-heavyweight title
Global Financial News

Buatsi vs Hutchinson 2: Scotland's Willy Hutchinson wins WBC light-heavyweight title

Willy Hutchinson was crowned the WBC light-heavyweight champion after he produced the performance of his career to beat Joshua Buatsi in Manchester. Hutchinson, 28, edged the tense rematch with the j

GFM News• 2 days ago
Buatsi vs Hutchinson 2: Scotland's Willy Hutchinson wins WBC light-heavyweight title
Global Financial News

Buatsi vs Hutchinson 2: Scotland's Willy Hutchinson wins WBC light-heavyweight title

Willy Hutchinson was crowned the WBC light-heavyweight champion after he produced the performance of his career to beat Joshua Buatsi in Manchester. Hutchinson, 28, edged the tense rematch with the j

GFM News• 2 days ago
Report: Commanders to activate DT Jer'Zhan 'Johnny' Newton from IR
Global Financial News

Report: Commanders to activate DT Jer'Zhan 'Johnny' Newton from IR

Nov 07 (Field Level Media) - The Washington Commanders will activate defensive tackle Jer'Zhan "Johnny" Newton from injured reserve this weekend, NFL Network reported on Saturday. Newton has worked h

GFM News• 2 days ago
Spencer Jakab | Can Profits Get Any Better?
Global Financial News

Spencer Jakab | Can Profits Get Any Better?

Hand-wringing over unusually high and rising profit margins has been a recurring theme among some more pessimistic strategists over the years, but it seems timely. The trend is your friend until it en

GFM News• 3 days ago
A Berkshire Hathaway Electric Utility Wants a Historic Rate Hike in California
Global Financial News

A Berkshire Hathaway Electric Utility Wants a Historic Rate Hike in California

Pacific Power is asking state regulators to approve a 57% rate increase that would boost the typical residential power bill by $120 a month A California electric utility owned by Berkshire Hathaway B

GFM News• 3 days ago
Gold Shines During Volatile Week
Global Financial News

Gold Shines During Volatile Week

Gold futures finished the week 4.6% higher, their best week since August, to close at $4064.50 a troy ounce. "Democratic control of Congress is gold-supportive, as Democrats tend to be associated wit

GFM News• 3 days ago
Breakingviews - COMMENTARY: Toyota robots reboot its China battle plan
Global Financial News

Breakingviews - COMMENTARY: Toyota robots reboot its China battle plan

HONG KONG, Nov 6 (Reuters Breakingviews) - The $326 bln carmaker's shares surged after it hiked its earnings forecast by 15%, boosted buybacks and unveiled robotics plans. A droid strategy helped Hyun

GFM News• 4 days ago
'Game, set and match': Australia casts doubt on LIV return amid financial uncertainty
Global Financial News

'Game, set and match': Australia casts doubt on LIV return amid financial uncertainty

MELBOURNE, Nov 5 (Reuters) - Australia has all but given up on hosting the popular LIV Golf event in Adelaide, with a senior government official calling 'game, set and match' for the embattled circuit

GFM News• 5 days ago
Democrat's Win in Kentucky Marks Third House Flip
Global Financial News

Democrat's Win in Kentucky Marks Third House Flip

Democrat Zach Dembo won election in Kentucky's 6th district, defeating Republican Ralph Alvarado and flipping the third GOP-held seat of the night. Democrats need a net gain of three seats to win a m

GFM News• 6 days ago
China Services Gauge Unexpectedly Dips for First Time Since July
Global Financial News

China Services Gauge Unexpectedly Dips for First Time Since July

China's services activity unexpectedly grew at a slower rate for the first time since July, a private survey showed, as business confidence eased and firms lowered their selling prices despite intensi

GFM News• 6 days ago
Stock Market Today: Stock Futures Drop as Investors Weigh Democratic Gains -- Live Updates
Global Financial News

Stock Market Today: Stock Futures Drop as Investors Weigh Democratic Gains -- Live Updates

Stock-index futures are falling late Tuesday after early vote counts in the midterm elections suggested a big night for Democrats. Contracts linked to the Nasdaq 100 are down 2.2%, while S&P 500 futu

GFM News• 6 days ago
Key Part of Jet in Deadly Florida Crash Found Far From Impact Site
Global Financial News

Key Part of Jet in Deadly Florida Crash Found Far From Impact Site

The mechanism that controls the vertical angle of the plane was found in three pieces, including one nearly four miles away. All nine people aboard were killed. A crucial part of the private jet that

GFM News• 6 days ago
UOB Profits Miss Estimates as Lower Trading Income Dampens Gains
Global Financial News

UOB Profits Miss Estimates as Lower Trading Income Dampens Gains

United Overseas Bank Ltd. reported third-quarter profit that missed expectations, as a decline in trading and investment income dampened gains from lending and fees. Net income almost tripled to S$1.

GFM News• 6 days ago