Oil prices ease on weak economic data from US and Germany
By Scott DiSavino NEW YORK (Reuters) – Oil prices eased about 1% in volatile trade on Monday following some weak economic news from the U.S. and..
FINANCE
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FINANCE
Oil prices ease on weak economic data from US and Germany
Spain’s December services activity grows at fastest pace in 20 months, PMI shows
MADRID (Reuters) – Spain’s service sector expanded in December at its fastest pace since April 2023, driven by a sharp ris..
NEWS
UK firms lost momentum and cut staff after budget, surveys show
(Reuters) -British business activity growth slowed to a crawl in December and employers cut staffing at the fastest rate in almost fou..
NEWS
NEWS
Nippon Steel could face growth challenges after U.S. Steel purchase blocked, analysts say
Nippon Steel could face growth challenges after U.S. Steel purchase blocked, analysts say
By Noriyuki Hirata, Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan’s Nippon Steel may need to look at a revamp of its growth strategy ..
NEWS
Sterling perks up from eight-month low as dollar slips
LONDON (Reuters) – The pound firmed on Monday, rising from an eight-month low touched last Thursday, as investors reversed some ..
NEWS
UK’s FTSE 100 lags European peers as Rolls-Royce, Unilever weigh
(Reuters) – UK’s FTSE 100 inched down on Monday as rating downgrades on index heavyweights Rolls-Royce and Unilever weighe..
BANKING
Stocks nudge up in choppy trade as political uncertainty reigns
SYDNEY/LONDON (Reuters) -Global stocks edged up on Monday ahead of a week crammed with U.S. economic data that will be pivotal in sett..
NEWS
US plans more sanctions on tankers carrying Russian oil, sources say
WASHINGTON/NEW DELHI (Reuters) – The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taki..
NEWS
Canada PM Trudeau is likely to announce resignation, source says
OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau is increasingly likely to announce he intends to step down, though he has not..
NEWS
Dollar rally pauses; yuan slides to 16-month low
By Rae Wee SINGAPORE (Reuters) -The dollar eased on Monday but held close to a two-year peak, as traders awaited a raft of U.S. econom..
NEWS
UBS investigates undisclosed Nazi-linked accounts at Credit Suisse
By Gnaneshwar Rajan and Surbhi Misra (Reuters) – Swiss bank UBS is working with an independent ombudsman to shed light on Nazi-l..
BANKING
How HRA Exemption & Income Tax Calculators Help in Better Financial Planning?
Financial planning can often look very complicated, especially the complexities of taxes and exemptions. Fortunately, tools like the H..
FINANCE
Global equity fund inflows drop on higher US bond yields
(Reuters) – Demand for global equity funds shrank in the week through Jan. 1, as higher U.S. Treasury yields led to caution and ..
NEWS
Polish power-grid operator plans $15.4-billion investment by 2034
WARSAW (Reuters) – Polish power-grid operator PSE said on Thursday its transmission network development plan for 2025-2034 a..
NEWS
German unemployment rises less than expected in December, labour office says
By Maria Martinez BERLIN (Reuters) -The number of people out of work in Germany rose less than expected in December, federal labour of..
NEWS
Tullow Oil jumps after being exempt from $320 million tax
(Reuters) – Shares of Tullow Oil jumped over 14% on Friday after the West Africa-focused company was exempted from a $320 mi..
NEWS
Tesla’s China sales rise to record high in 2024, bucking global decline
BEIJING (Reuters) -U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 ca..
NEWS
UK lawmakers summon Shein and Temu for questioning over labour practices
By Helen Reid and James Davey LONDON (Reuters) – Fast-fashion online retailer Shein, which is hoping to list in London, faces a ..
NEWS
Trouble in China’s shopping paradise as Hainan duty-free spending tumbles
BEIJING (Reuters) -Duty-free spending slumped 29.3% last year in China’s island province of Hainan, where global luxury players ..
NEWS
Morning Bid: As stocks waver, dollar remains the surest bet
While stock markets shrugged off the dim start to 2025, the higher-for-longer U.S. rates theme has left the dollar’s dominance i..
NEWS
World food price index eases in Dec, pushed lower by sugar
ROME (Reuters) – The United Nations’ world food price index dipped in December against November levels, led lower by a dro..
NEWS
China will sharply increase funding from treasury bonds to spur growth in 2025
BEIJING (Reuters) – China will sharply increase funding from ultra-long treasury bonds in 2025 to spur business investment a..
NEWS
Asian stocks rise, dollar at two-year high as US rates, Trump in focus
SINGAPORE (Reuters) – Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was perc..
NEWS
Dollar headed for best week since November on US rates, economic outlook
SINGAPORE (Reuters) – The dollar was on track for its best weekly performance in over a month on Friday, underpinned by expe..
NEWS
Stocks end strong year with a whimper as yields apply pressure
NEW YORK (Reuters) -Global stocks declined on Tuesday as elevated U.S. Treasury yields again contributed to a lackluster close in an o..
NEWS
BMW, Yamaha Motor back US rare earths startup Phoenix Tailings
(Reuters) – BMW and Yamaha Motor have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest mov..
NEWS
Macron acknowledges error on early elections in New Year’s speech
PARIS (Reuters) -French President Emmanuel Macron said on Tuesday he recognised that his decision to call early parliamentary election..
NEWS
Swiss central bank faces call to hold bitcoin in reserves
ZURICH (Reuters) – A proposal to oblige the Swiss National Bank (SNB) to hold bitcoin was set in motion in an initiative pub..
NEWS
Britain’s energy price cap to rise 3% in April, Cornwall Insight says
LONDON (Reuters) – Britain’s domestic energy price cap is expected to rise a further 3% in April, with geopolitical instab..
NEWS
UK approves Merck’s therapy for rare lung condition
(Reuters) – UK’s Medicines and Healthcare products Regulatory Agency (MHRA) said on Tuesday it had approved Merck’s ..
NEWS
Inside luxury goods’ broken audit system
By Elisa Anzolin, Emilio Parodi and Silvia Ognibene MILAN (Reuters) – LVMH-owned Dior’s production arm in Italy, Manufactu..
BUSINESS
Cycling-Britain’s Finucane sets out target for triple gold in LA
LONDON (Reuters) – Britain’s twice world champion Emma Finucane says she is ready to go back to square one in her quest to..
NEWS
Markets in 2024: Wall Street’s high-octane rally keeps investors captive to the US
By Naomi Rovnick, Dhara Ranasinghe and Rodrigo Campos LONDON (Reuters) – Markets that began the year with investors expecting a ..
INVESTING
Steady sterling on track for best G10 performance against dollar in 2024
By Harry Robertson LONDON (Reuters) – The pound was little changed on the final trading day of the year on Tuesday, leaving it o..
NEWS
Stocks drop as elevated yields weigh
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks dropped for a third straight session on Monday as the recent bout of elevated U..
INVESTING
Biggest aviation accidents of 2024
(Reuters) – The crash on Sunday of a Jeju Air Boeing 737-800 in Muan County killed a total of 179 people in the deadliest air di..
NEWS
Asian stocks, dollar hold their own to close out strong 2024
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased on Tuesday in cautious end-of-year trading that has seen investors sc..
INVESTING