US crude stockpiles fall 1.9M barrels, more than expected
US crude oil inventories dropped 1.9 million barrels last week, a bigger draw than the 0.3 million barrel fall expected, though smaller than the prior week's 3.06 million barrel decline.
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Bank of Canada hikes to 2.50%, its first rise since 2023; CAD steady
The Bank of Canada lifted its overnight rate to 2.50% from 2.25%, matching market expectations. The Canadian dollar and other major pairs showed only modest moves in the 30 minutes that followed.
Bahri’s Q3 profit jumps tenfold to $1.36 billion on tanker rate surge
Saudi shipping company Bahri reported a net profit of $1.36 billion for the third quarter, ten times higher than a year earlier, as tanker rates spiked amid disruption near the Strait of Hormuz.
Equinor’s quarterly profit nearly triples on higher oil and gas prices
Equinor reported adjusted net income of $2.86 billion for the third quarter, up sharply from $932 million a year earlier, as stronger crude and gas prices combined with better refining margins lifted results.
US lawmakers flag legal risk for banks handling Russian diesel cargoes
A bipartisan bloc of Congress members has told major banks and port operators that processing Russian diesel shipments linked to a new Trump-Putin arrangement could breach federal sanctions law and expose firms to lawsuits.
UK Budget cuts fiscal headroom to £15B; sterling barely moves
The UK Annual Budget was scheduled for release at 12:30 GMT on 28 October 2026, but the figures were not available. Currency, gold and index futures showed little movement in the following 30 minutes.
Shekel drops 2%, Tel Aviv index falls 3% as no bloc wins Israeli majority
With about 71% of votes counted, Prime Minister Benjamin Netanyahu's right-wing bloc was projected to take 54 seats against 47 for Gadi Eisenkot's opposition, short of the 61 needed to govern. The shekel and Israeli stocks sold off sharply on the inconclusive outcome.
UK chancellor Healey sets £15 billion fiscal headroom in autumn budget
UK Chancellor Healey said the government will have £15 billion of fiscal headroom at the end of the forecast period, as he unveiled his autumn budget while ruling out broad-based tax increases.
Bank of Canada lifts rate to 2.50%, first hike since mid-2023
The Bank of Canada raised its benchmark rate by a quarter point to 2.50% on Wednesday, in line with forecasts and the first increase in more than two years. The decision has implications for USD/CAD and short-term Canadian bond yields.
L&T shares jump 6% as Q2 profit rises 33%, Jefferies trims target
Larsen & Toubro's stock surged to Rs 3,894 on the NSE after the engineering group posted a 33% year-on-year increase in net profit to Rs 5,202 crore for the September quarter.