THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
TotalEnergies to Supply 900,000 Tonnes of LNG a Year to Jiangsu Guoxin
TotalEnergies has signed a Heads of Agreement to supply Jiangsu Guoxin Group, a provincial state-owned energy company in China, with 900,000 tonnes of LNG a year for 15 years. For TotalEnergies' shareholders and for China's…
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Fitch Turns BNP Paribas' Outlook Negative, Affirms AA- Rating
Fitch Ratings revised BNP Paribas' outlook to Negative from Stable on Tuesday and affirmed its AA- rating, carrying its 30 October move…
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BP Completes Castrol Sale to Stonepeak, Raising $6 Billion
BP has completed the sale of a 65% stake in Castrol, its lubricants business, to infrastructure investment firm Stonepeak, raising $6 billion…
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ExxonMobil Third-Quarter Earnings Double to $15.4 Billion
Two oil majors reported third-quarter results on 30 October: ExxonMobil's earnings more than doubled from a year earlier to $15.4 billion, and…
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Shell Q3 Adjusted Earnings Up 99%, TotalEnergies Adjusted $9.1 Billion
Two European oil majors reported third-quarter results on 29 October: Shell's adjusted earnings almost doubled from a year earlier to $10.8 billion,…
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Volkswagen Nine-Month Operating Result Falls to €71 Million
Volkswagen Group's nine-month operating result fell to €71 million from €5.4 billion a year earlier, mainly on special items led by a…
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Societe Generale Q3 Net Income Rises 24.1% to €1.89 Billion
Among European banks reporting on 29 October, Societe Generale lifted third-quarter group net income 24.1% to €1.89 billion, which the French bank…
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Mercedes-Benz Lifts Q3 Net Profit to €1.52 Billion After Outlook Cut
Mercedes-Benz lifted third-quarter net profit to €1.52 billion on Wednesday, a day after cutting its 2026 car margin guidance, while Stellantis narrowed…
Read more →BNP Paribas Lifts Q3 Net Income 13.5% to €3.46 Billion
BNP Paribas lifted third-quarter net income 13.5% to €3.46 billion on Wednesday, and UBS, Santander, Deutsche Bank and Standard Chartered also reported…
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HSBC Q3 Pre-Tax Profit Rises 32 Percent on Lower Legal Costs
HSBC Holdings reported profit before tax of 9.6 billion dollars for the third quarter of 2026, up 2.3 billion dollars or 32…
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Eni More Than Doubles Q3 Adjusted Profit to 2.8 Billion Euros
Eni more than doubled its third-quarter adjusted net profit to 2.8 billion euros, from 1.2 billion a year earlier. The Italian group…
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L'Oréal Hits 35.33 Billion Euros in 9 Months, Puig Posts Record Q3
L'Oréal's sales reached 35.33 billion euros in the nine months to 30 September 2026, up 6.9 percent like-for-like and 7.7 percent as…
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Luxury Q3: Hermès Up 5.5 Percent, Kering's Gucci Down 4 Percent
Hermès lifted third-quarter sales 5.5 percent as reported, to 4,096 million euros. Kering's revenue was stable as reported at 3,345 million euros,…
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Barclays Q3 Profit Rises 13 Percent to 1.65 Billion Pounds
Barclays made an attributable profit of 1,646 million pounds in the third quarter of 2026. That was 13 percent more than the…
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Pony.ai and Uber Plan More Than 2,000 Robotaxis Across Five European Cities
Pony.ai and Uber announced plans for more than 2,000 robotaxis across five European cities on 13 August 2026, with the expanded partnership…
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AstraZeneca Explored Merger With Bristol Myers Squibb in Early-Stage Talks, Report Says
AstraZeneca has explored a merger with Bristol Myers Squibb, according to a Financial Times report published on Sunday 2 August and carried…
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European Union Fines Google 890 Million Euros for Breaching Digital Markets Act Rules
The European Commission has fined Alphabet's Google 890 million euros for breaching the European Union's Digital Markets Act, in what stands as…
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The EU Fines AliExpress 550 Million Euros in Its Biggest Digital Services Act Penalty to Date
The European Commission has fined AliExpress, the online marketplace owned by China's Alibaba Group, 550 million euros for breaching the European Union's…
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Saudi PIF Nears EU Clearance for Its 55 Billion Dollar Electronic Arts Takeover
Saudi Arabia's Public Investment Fund and its partners are set to win European Union clearance for their 55 billion dollar acquisition of…
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Sky’s Up to £1.6 Billion ITV Deal Creates a New UK Media Giant in the Streaming Era
Comcast-owned Sky has agreed to buy ITV's Media and Entertainment business in a deal worth up to £1.6 billion, creating what is…
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- Europe Market Wrap 19 October: All Nine Indices Fall as France’s Fiscal Worries Spread
- Europe Market Wrap 9 October: All Nine Indices Rise as Basic Resources Jump 2.99 Percent
- US Market Wrap 12 October: The Dow Alone Rises 0.38 Percent as the Nasdaq 100 Falls 0.71 Percent
- Europe Market Wrap 16 October: All Nine Indices Rise to Cap the Stoxx 600’s Best Week Since June
- Asia Market Wrap 7 October: All Eight Indices Fall as Seoul Drops 1.98 Percent