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French Economy Unexpectedly Quickens, Defying Political Mess

France’s economy unexpectedly grew at the fastest pace since 2023, allaying concerns it would lose momentum due to a fresh bout of political turmoil.

By William Horobin

Gold Pushes Higher as Market Digests Outcome of Xi-Trump Meeting

Gold advanced following a run of losses, as the market digested traders the outcome of a meeting between US President Donald Trump and Chinese leader Xi Jinping.

Mexico Banks Push New Illicit Finance Rules in Wake of US Orders

Mexico’s banking lobby is recommending its members go beyond current regulations to fight illicit financing after the US cracked down on some banks in the country for allegedly aiding drug traffickers.

US, South Korea Finalize Deal on Investments, Lower Tariff Rate

US President Donald Trump and South Korean President Lee Jae Myungfinalized a trade deal Wednesday, capping months of negotiation over implementation of a framework agreement struck in July.

Visa Escapes Federal Damages Claims From Cardholders, Merchants

Visa Inc. won’t face damages claims in a lawsuit by cardholders and merchant plaintiffs who allege the payments giant monopolizes the debit card market.

Mastercard Weighs Buying Crypto Firm Zero Hash, Fortune Says

Mastercard Inc. is in advanced talks to buy crypto-infrastructure startup Zero Hashfor as much as $2 billion, Fortune reported Wednesday, a deal that would mark a further bet on stablecoins for the payments network.

Fed Cuts Rates, Powell Signals December Move ‘Far From’ Certain

Federal Reserve Chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December.

Banks Win Reprieve on Data Access Rule During Trump CFPB Revamp

Banks suing the Consumer Financial Protection Bureau over a Biden-era rule enabling consumers to transfer data to fintechs won their bid to delay the regulation while the Trump administration overhauls it.

Deutsche Bank’s US Distressed Desk Records $200 Million Profit

Deutsche Bank AG’s US distressed trading desk netted about $200 million in profit during the three months ending Sep. 30, according to a person with knowledge of the matter, part of a trading boom that helped drive record third-quarter gains for the German bank.