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According to Reuters, – Japan’s manufacturers’ business sentiment likely edged higher in the three months to December, a Reuters poll showed on Friday, although the global economic slowdown continues to cloud the outlook. The central bank’s closely watched survey is also seen showing the nation’s service-sector sentiment staying firm, supported by upbeat inbound demand.
According to Reuters, – Chinese tech giant Tencent Holdings unveiled on Friday a big-budget console game named Last Sentinel, a title seen as the mobile gaming giant’s most ambitious foray into the console market. The Shenzhen-based firm showed a trailer of the action role-playing game at The Game Awards in Los Angeles.
The title is being developed by about 200 people at Tencent’s Lightspeed LA game studio, a key U.S. studio at the heart of Tencent’s global expansion plans. According to Reuters, – Senior Chinese leaders held a meeting in early December to “coordinate” government efforts to sway upcoming elections in Taiwan, according to intelligence gathered
On the island, part of a campaign Taiwan officials see as voting interference. Taiwan officials have warned that Beijing is trying to nudge voters toward candidates who seek closer China ties in the Jan. 13 presidential and legislative election, which
Is happening as China ramps up military and political pressure to try to force the democratically governed island to accept its sovereignty. According to Bloomberg, — The Reserve Bank of India left its key policy interest rate unchanged Friday, predicting faster growth in Asia’s third-largest economy and inflation risks from food prices.
The six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 6.5% for the fifth straight time. All but one of the 44 economists surveyed by Bloomberg had predicted the move. According to Reuters, – Cathay Pacific Airways on Friday said it has placed an order to purchase
Six Airbus A350 freighters for a basic price of $2.71 billion, potentially replacing its aging cargo fleet of Boeing 747 jets. Under the deal, Cathay has also secured the right to acquire 20 more Airbus A350 freighters as the Hong Kong carrier renews the oldest section of its fleet of 747 cargo jets.
According to Reuters, – U.S. job growth likely picked up in November as thousands of automobile workers and actors returned after strikes, but the underlying trend will probably point to a cooling labor market. The Labor Department’s closely watched employment report on Friday, which is also expected to
Show wages increasing moderately and the unemployment rate unchanged at nearly a two-year high of 3.9%, will cement views that the Federal Reserve is done raising interest rates this cycle. According to Bloomberg, — Japan’s currency advanced and shares fell as traders ratcheted
Up bets that the Bank of Japan is nearing the end of its negative interest rate policy. The yen gained for a second day, surging as much as 1.1% in thin liquidity before paring its rise. The advance sent the nation’s stocks and bonds lower.
Shares in South Korea and Taiwan rose after the Nasdaq 100 index rallied amid renewed optimism on artificial intelligence. According to Bloomberg, — Oil headed for the longest weekly losing streak since 2018 on escalating concerns about a global glut, with traders doubtful that deeper supply cuts by OPEC+ will be effective.
Global benchmark Brent, which traded above $74 a barrel, is headed for a seventh straight weekly drop. West Texas Intermediate was below $70 a barrel after retreating by 11% over the past six sessions. Widely watched timespreads are mired in bearish contango structures through to the middle
Of next year, with prompt contracts trading at a discount to later-dated ones. According to Bloomberg, — Australia’s northeast coast is bracing for a potential cyclone that could make landfall in Queensland, the nation’s top sugar producer. Severe Tropical Cyclone Jasper is currently a category 4 storm and is expected to approach
The north Queensland coast next week, according to a notice from the Australian Bureau of Meteorology. The weather system is still far from land and the agency said the timing of a coastal impact remains uncertain. According to Reuters, – Apple is allocating product development resources for iPad to
Vietnam, Nikkei reported on Friday, citing sources briefed on the matter. Apple is working with China’s BYD, a key iPad assembler, to move new product introduction resources to Vietnam, the report said, adding that this is the first time the company has shifted NPI resources to Vietnam for such a core device.
According to Bloomberg, — The European Central Bank won’t lower interest rates as soon or as quickly as investors think, according to a Bloomberg survey of economists that suggests policymakers will push back against current market bets. Officials will maintain borrowing costs for a second meeting on Dec. 14 and keep them
There until June, when they’ll make the first of three quarter-point cuts in 2024, respondents said. They’d previously anticipated an initial move in September. According to Bloomberg, — A monthly Bureau of Labor Statistics report due Friday is set
To show the US unemployment rate edged higher in November as the economy began to slip into a recession, according to Bloomberg Economics. Alongside a rise in the unemployment rate, to 4% from 3.9%, the figures will probably also reveal a temporary rebound in employment growth thanks to the resolution of two major
Strikes, Bloomberg economists Anna Wong and Stuart Paul said Thursday in a preview of the report. According to Reuters, – European Union finance ministers moved closer to an agreement on new EU fiscal rules early on Friday after eight straight hours of talks, but will need
More time and possibly another meeting to reach a deal, two officials close to the talks said. France and Germany still differ on how to sustain investment when the budget deficit is above EU limits, and other countries, roughly in two camps behind Paris and Berlin, are
Wrangling over issues including the minimum pace of annual debt reduction. According to Reuters, – As sportswear rivals jockey for position ahead of next year’s Paris Olympics, Adidas is aiming to stamp its brand on smaller events such as breaking, climbing, skateboarding and BMX.
After a high-profile fallout with Ye, the artist previously known as Kanye West, ended its highly profitable Yeezy shoe line, Adidas CEO Bjorn Gulden is seeking to reboot its image. According to Reuters, – The rise of inexpensive Chinese electric vehicles has upped the pressure
On legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned. “Automakers are really now only turning to affordable vehicles, knowing they’ve got to or they will lose out to Chinese manufacturers,” said Andy Palmer, chairman of UK startup Brill
Power, which has developed hardware and software to boost EV battery management system performance. According to Reuters, – EU lawmakers will return to the negotiating table for a third day on Friday to try to resolve major differences over laws regulating artificial intelligence,
The first of its kind as the world grapples with implications of the fast-growing technology. During a marathon almost 24-hour debate, weary lawmakers and governments agreed provisional terms for regulating AI systems like ChatGPT early on Thursday, taking a step closer to clinching rules governing the technology.
According to Reuters, – An Australian workers union has filed a class action against McDonald’s local unit, alleging that the restaurant chain asked current and former employees to work before and after their rostered shifts for free. The SDA union for retail, fast food and warehouse workers alleged that McDonald’s did not pay
About 25,000 managers and supervisors across its 1,000 stores over six years, and is seeking A$100 million in backpay. According to Bloomberg, — Santos Ltd. jumped after confirming preliminary talks with Woodside Energy Group Ltd. that would see the companies with a combined value of A$80 billion create
A liquefied natural gas powerhouse to benefit from buoyant demand. Adelaide-based Santos rose as much as 11% in Sydney before paring gains, as Perth-based Woodside fell as much as 3%. According to Reuters, – Japanese markets were reeling on Friday, with the Nikkei heading
For its biggest weekly drop in a year while bonds have been battered and the yen is eyeing its largest weekly gain in five months, as investors rushed out of bets on Japan’s rates staying low. Beyond Japan, the MSCI’s broadest index of Asia-Pacific shares ex-Japan bounced 0.8% and Treasuries were sold down slightly.
The Nikkei was down 1.8% on the day, for a weekly drop of 3.6%, with exporters such as automakers falling hardest. According to Bloomberg, — Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.
Foreign investors have turned bullish on the outlook for Indian stocks, seeing further gains after victories in key state elections by Prime Minister Narendra Modi’s party helped drive the market to a $4 trillion valuation. According to Reuters, – Oil and gas firms Woodside and Santos could overcome any “significant
Concerns” with a A$80 billion from Australia’s competition regulator by selling off some smaller domestic assets, said a source with knowledge of the deal’s discussions. The source could not be named as the merger talks between Woodside and Santos are confidential.
According to Reuters, – China on Friday cut visa fees by 25% for travellers from countries including Thailand, Japan, Mexico, Vietnam, and the Philippines from Dec. 11 2023 to Dec. 31 2024, according to statements from the Chinese foreign ministry and embassies.
The policy so far covers hundreds of millions of travellers from over a dozen countries and will make it cheaper for them to get a visa to travel to China. According to Reuters, – Japan’s Nikkei share average logged its worst weekly decline since
Mid-September after falling on Friday, driven by increasing speculation about an imminent end to decade-old Bank of Japan stimulus measures. Automakers and exporters were hit by the surge in yen, eroding the value of their overseas revenue. According to Reuters, – Japan’s 10-year government bond yield hit a three-week high on Friday
On growing speculation that the Bank of Japan would end its negative interest rate policy soon. The 10-year JGB yield climbed as high as 5 basis points to 0.8% earlier in the session, its highest since Nov. 16, following a 10.5 bps jump in the previous session, its biggest single-session increase since April 2013.
According to Bloomberg, — Vishnu Varathan was on the seventh floor of his office in Singapore’s Asia Square on Thursday when the phones started ringing. The yen was surging and clients wanted to know what was coming next, quickly. “Price action was very fast,” said Varathan, head of economics and strategy at Mizuho Bank Ltd.
“It created a huge dollar-yen squeeze that became contagious through the crosses. No doubt there’ll be more volatility to come.” According to Bloomberg, — India added onions to the nation’s expanding list of food staples slapped with sweeping export restrictions, as the government seeks to contain domestic prices ahead of a national election next year.
Overseas shipments of onions will be banned until March 31, although cargoes of vegetables that started loading prior to the notification can still be exported, the government said Friday. The ban follows government measures in August to release stockpiles of the staple to shield consumers from rising costs.
According to Bloomberg, — Binance announced the withdrawal of a license application in Abu Dhabi just over two weeks into the tenure of Chief Executive Officer Richard Teng, who faces the task of reshaping the company after its guilty pleas to US charges.
“When assessing our global licensing needs, we decided this application was not necessary,” a Binance spokesperson said in a statement on Thursday. The company remains “committed” to working with regulators to provide services in the Middle East and beyond, the spokesperson added.
According to Reuters, – China’s new loans are expected to have jumped in November from the previous month and exceeded the year-earlier amount, a Reuters poll showed, as the central bank works to shore up confidence and demand across the world’s second-largest economy.
Chinese banks are estimated to have issued 1.3 trillion yuan in net new yuan loans last month, up sharply from 738.4 billion in October, according to the median estimates of 19 economists. Last November, 1.21 trillion yuan was issued in new loans. According to Bloomberg, — Adani Group’s solar-energy unit has unveiled an initial
Plan to repay its $750 million bond due in September, marking the Indian conglomerate’s latest effort to restore investor confidence after a market rout earlier this year. Adani Green Energy Ltd., part of billionaire Gautam Adani’s empire, will redeem the notes
In full by the due date, it said in a filing to the Singapore stock exchange. It said the bond’s underwriters will provide a funding letter for $675 million. The filing also lists $75.47 million in restricted reserves. According to Bloomberg, — The yen fluctuated, giving up most of Friday’s advance as focus
Shifted from speculation of a near-term policy shift by the Bank of Japan to US jobs data due later in the day. The currency was little changed at 144.06 against the dollar as of 4:52 p.m. in Tokyo after earlier advancing as much as 1.1%.
That came after it had briefly jumped almost 4% during the New York session. According to Reuters, – Azerbaijan is tipped to host next year’s U.N. climate summit, after striking a late deal with longtime adversary Armenia over its bid. Diplomatic sources told Reuters the Azeri bid looked set to win support from other nations
At the COP28 climate summit in Dubai this week. According to Reuters, – Euro area’s benchmark 10-year Bund yield was on track to record its biggest biweekly fall since mid-March as money markets ramped up bets on future European Central Bank rate cuts amid weak economic data and less hawkish remarks from policymakers.
In mid-March, bond yields tumbled as the collapse of Silicon Valley Bank sent investors rushing into safe-haven assets. According to Bloomberg, — China’s Politburo, comprising the top 24 leaders of the Communist Party, held a meeting Friday to discuss economic policies for 2024 and anti-corruption measures.
The meeting, chaired by President Xi Jinping, also reviewed the Communist Party’s regulations on disciplinary action, the official Xinhua News Agency said in a report, without immediately providing more details. According to Reuters, – Interpol said on Friday its first operation targeting human-trafficking
Fueled cyber fraud showed the criminal industry was going global, spreading beyond its origins in Southeast Asia, with scam centres emerging as far away as Latin America. The global police coordination body said law enforcement from more than 20 countries in October carried out inspections at hundreds of trafficking and smuggling hotspots, many
Known to be used to traffic victims to commit online fraud “on an industrial scale, while enduring abject physical abuse”. According to Reuters, – China’s passenger vehicle sales rose 25.5% in November from a year earlier, extending gains to a fourth month, industry data showed on Friday, as
Automakers stepped up a price battle to meet sales goals. Car sales totalled 2.1 million units last month, data from the China Passenger Car Association showed, while growth accelerated from October’s 9.9% jump. Sales in the first 11 months of 2023 were up 5% on the year at 19.56 million units.
According to Bloomberg, — Anglo American Plc will make deep production cuts for almost all the commodities it mines in the next few years in a bid to slash costs amid logistical and operational snarls at its operations. Its shares slumped. Anglo’s recently appointed Chief Executive Officer Duncan Wanblad has faced a tough start
To his tenure. He stepped into the role with most commodity prices at a record, but they have declined since then. The company’s portfolio has also been hampered by issues from extreme weather to a breakdown in crucial infrastructure in South Africa.
According to Bloomberg, — K-pop boy band BTS may be on hiatus, but its management company is looking to boost the superfan app the group inspired. Hybe Co. is doubling efforts to sign up new artists to the Weverse app, seeking to draw fans from around the globe and pursue profitability.
Having added rival K-pop talent firms’ artists such as Blackpink and Riize to its offerings, the Pangyo-based Weverse Company is setting its sights on artists from bigger music markets in Japan and the US. So far, it’s secured Japanese groups including AKB48 and US boy band Prettymuch.
According to Reuters, – Recent weakness in consumption has emerged as a fresh source of concern for Bank of Japan policymakers who are eyeing an exit from negative interest rates, three sources familiar with its thinking said, suggesting market expectations of an imminent rate hike may be over-blown.
The yen and Japanese bond yields have jumped on market expectations of an imminent policy change after BOJ Governor Kazuo Ueda said on Thursday the central bank will face an “even more challenging” situation in the year-end and next year. According to Reuters, – Global average temperature could temporarily cross a 1.5-degree Celsius
Threshold next year, Britain’s Met Office said on Friday, a milestone in climate history that could raise alarm at the COP28 summit being held in Dubai. The Met Office said this year is almost certainly the warmest on record and 2024 could be even warmer.
According to Reuters, – Marex Group, a British commodities broker, announced plans on Friday to list its shares in New York, the latest blow to London’s bid to attract companies to its stock exchange. Marex, backed by private equity firm JRJ, said it had confidentially filed a draft registration
Statement with the U.S. markets regulator with a view to launching an IPO. According to Reuters, – The pound closed in on its largest weekly fall against the yen in a year on Friday, driven by a strong cash flow into the Japanese currency after authorities
In Tokyo hinted at a long-awaited change in monetary policy. Sterling is also heading for its worst weekly performance against the dollar in a month, but was firm against the euro. According to Bloomberg, — The European Union is considering reopening a case at the World
Trade Organization against the US over a Trump-era steel and aluminum dispute that saw the allies hit each other with tariffs on more than $10 billion of goods. But importantly, the EU will refrain from immediately reimposing retaliatory tariffs on American goods over the disagreement, conceding a key point in the negotiations to Washington,
According to people familiar with the discussions. According to Reuters, – Volunteers waded through stagnant water to hand out food and supplies, and some manufacturing plants remained shut in India’s southern tech-and-auto hub district of Chennai on Friday, four days after cyclone Michaung lashed the coast.
At least 14 people, most of them in Chennai and its state of Tamil Nadu, have died in the flooding, triggered by torrential rains that started on Monday. According to Bloomberg, — Bond traders who powered a ferocious rally in the $26 trillion
US Treasury market are about to find out if they’ve gotten ahead of themselves. Softening inflation and employment data in the past month have convinced investors that the Federal Reserve is done raising interest rates and ignited bets that cuts of at least 1.25 percentage points are in store over the next 12 months.
Treasury yields, which touched highs of 5% as recently as October, have declined sharply, with the US 10-year benchmark sliding more than three-quarters of a percentage point. According to Reuters, – The last big central bank push of the year is here with the Fed,
The ECB and the Bank of England among the big hitters meeting while markets try to discern if a U.S. recession is unavoidable or a distant prospect. China’s policymakers will set direction for next year while Bitcoin enjoys a stellar rally. According to Reuters, – Tradeweb, MarketAxess and Bloomberg have scrapped plans to provide
A prices tape for the bond market in Britain or the European Union, they said on Friday, citing “risk and complexity”. The EU is seeking to deepen its capital market by creating “consolidated tapes” of stock and bond prices from trading platforms to give investors a market-wide snapshot to find the best deals.
According to Bloomberg, — Stock markets will suffer in the first quarter of 2024 as a rally in bonds would signal sputtering economic growth, according to Bank of America Corp.’s Michael Hartnett. The strategist — who has remained bearish even as the SP 500 rallied about 19% this
Year — said lower yields were one of the main catalysts of equity gains in the current quarter. However, a further drop toward 3% would mean a “hard landing” for the economy. According to Reuters, – Indian equities scaled record highs on Friday after the central bank
Stayed pat on rates, while investors parsed Hungarian economic data that signalled easing domestic inflation ahead of a key U.S. jobs report. India’s NSE Nifty 50 index climbed 0.1% after the Reserve Bank of India left key rates at 6.5% and raised the country’s growth forecast to 7% from 6.5% for fiscal 2023-2024, following
A robust performance in the July-September quarter. According to Reuters, – Excessive deficits must be reduced, not excused, German Finance Minister Christian Lindner said in Brussels on Friday, after talks with his EU counterparts failed to yield a breakthrough on reforming the bloc’s fiscal rules.
“Excessive deficits have to be reduced, not to be excused,” Lindner said, expressing his worries about the corrective arm of the fiscal rules, known as the Stability and Growth pact. According to Bloomberg, — Spain’s Nadia Calvino will become president of the European
Investment Bank after months of haggling between nations that became one of the most competitive job tussles in years. One of five European Union contenders to lead the world’s biggest multilateral lender, the Spanish deputy prime minister approached the end of the race as the clear favorite after winning German support.
According to Bloomberg, — Country Garden Holdings Co., which defaulted in October for the first time on dollar bonds, faces a test next week to avoid the same fate on a local note — an outcome that a regulator signaled it’s trying to avoid.
The Shenzhen Stock Exchange met with some holders of the 800 million yuan security, which is listed on the bourse and has a so-called put option Dec. 13 that allows investors to demand repayment before its maturity next year, according to people familiar with the matter.
According to Reuters, – France, Germany and the EU executive expressed hope on Friday that EU governments would reach an agreement on the bloc’s fiscal rules by the end of the year, with Spain floating the idea of convening an extraordinary meeting to achieve that goal.
According to Reuters, – China will spur domestic demand and consolidate and enhance the economic recovery in 2024, the Politburo, a top decision-making body of the ruling Communist Party, was quoted by state media as saying on Friday. The government has in recent months unveiled a flurry of measures to shore up a feeble
Post-pandemic economic recovery that has been held back by a property crisis, local government debt risks, slow global growth and geopolitical tensions. According to Reuters, – Cyprus’s economy is expected to expand by around 2.9% in 2024 from a forecast 2.4% this year, its finance minister said on Friday, despite facing headwinds
In a “fluid” international environment. The island, the closest European Union member state to the volatile Middle East, is keeping a wary eye on any potential fallout from the war between Israel and Hamas. According to Reuters, – Britain’s antitrust regulator will review whether Microsoft’s partnership with OpenAI has resulted in an “acquisition of control,”
Which leads to one party having material influence over another, it said on Friday. According to Reuters, – Danske Bank on Friday raised its full-year net profit forecast due to more favourable macroeconomic conditions and “negligible” impairments in the fourth quarter, but warned of a high level of uncertainty ahead.
Denmark’s largest bank now expects net profit this year in the range of 20.5 billion-21.5 billion Danish crowns compared with its previous guidance of 19.5-20.5 billion. According to Reuters, – U.S. chip giant Nvidia will discuss cooperation deals on semiconductors with Vietnamese tech companies and authorities in a meeting on Monday in Hanoi, an invitation
Letter to participants seen by Reuters showed. The southeast Asian country, which is home to large chip assembling factories including Intel’s biggest globally, is trying to expand into chip designing and possibly chip-making as trade tensions between the United States and China create opportunities for Vietnam in the strategic industry.
According to Bloomberg, — A key measure of borrowing costs for residential property dropped below 6% for the first time since June, providing a glimmer of hope that the worst of Britain’s home loans crunch may be over. The average two-year fixed-rate mortgage dropped to 5.99% on Friday, helped by a double pause
In interest rates by the Bank of England. The average five-year fixed-rate deal dipped to 5.6%, also the lowest since June, according to data compiled by Moneyfacts Group Plc. According to Reuters, – The Biden administration’s infrastructure spending blitz has put more
Construction laborers on the road for work this year, fueling a race by extended-stay hotel operators to win their business. Data from Navan, a corporate travel management company, shows construction industry extended-stay lodging bookings are up 120% in the two years through the end of November.
More broadly, the industry has outspent all other sectors on work travel overall by 9.2% in the 12 months through August as more workers temporarily relocate to live around project sites. According to Reuters, – The angular design of Tesla’s Cybertruck has safety experts concerned
The electric pickup truck’s stiff stainless-steel exoskeleton could hurt pedestrians and cyclists and damage other vehicles on roads. Reuters spoke to six safety professors and officials who viewed videos of crash tests conducted by Tesla on its first new vehicle in nearly four years and shown during a webcast delivery event last week.
According to Reuters, – A company that FedEx once contracted to deliver packages on the California-Oregon border has sued the shipper, alleging it engages in a systemic pattern of illegal and wrongful business practices that violate U.S. anti-racketeering law. The lawsuit filed Nov. 14 in a California federal court by PYNQ Logistics Services,
Which has not been previously reported, seeks a court determination that PYNQ’s relationship with FedEx Ground is that of an employee rather than a contractor. PYNQ also reserved the right to pursue the case as a class action. According to Reuters, – U.S. stock index futures were subdued on Friday as investors prepared
For the crucial monthly payrolls report to gain more insight into the Federal Reserve’s stance on monetary policy for the upcoming year. The Labor Department’s closely watched report, due at 8:30 a.m. ET, is expected to show U.S. job growth likely picked up steam in November as workers in
Sectors ranging from automobiles to casinos returned after their hard-fought strikes. According to Reuters, – Javier Milei will be sworn in as Argentina’s president on Sunday, sealing the abrupt rise of a political outsider who is pledging “shock” therapy and deep spending cuts to fix the South American country’s worst economic crisis in decades.
The wild-haired economist and former TV pundit is carrying the hopes of 45 million Argentines who have been hit hard by 150% inflation. Four-in-10 people live in poverty, currency controls have been put in place to protect the peso, and the country is by far the biggest debtor to the International Monetary Fund.
According to Reuters, – Federal Reserve officials will look at new wage data due out Friday to confirm what many have come to suspect: That rising worker pay at this point is helping to keep the U.S. economy growing at a modest pace without fanning the inflationary pressures they are trying to squelch.
Wages last month likely rose at a 4% annual rate, according to a Reuters poll of economists, extending a slow decline in the pace of pay increases but still above the 3% level policymakers view as consistent with their 2% inflation target.
According to Reuters, – India’s Max Healthcare Institute said on Friday it would buy Sahara Hospital in Lucknow, Uttar Pradesh for an enterprise value of 9.40 billion rupees , as it looks to expand its operations in the country. The 550-bed Sahara Hospital treats about 200,000 patients every year and has a revenue potential
Of 2 billion rupees for fiscal 2024, Max Healthcare said in a statement. According to Reuters, – World stocks teetered on their first weekly loss since October as a rally fuelled by hopes of the U.S. Federal Reserve and the European Central Bank cutting interest rates paused ahead of key U.S. jobs data.
MSCI’s broad gauge of world stocks traded flat, heading for a 0.1% weekly loss after five weeks of gains. According to Reuters, – French President Emmanuel Macron is lobbying other European leaders to agree on former European Central Bank president and Italian Prime Minister Mario Draghi as
The next president of the European Commission, an Italian newspaper reported on Friday. According to la Repubblica, which cited diplomatic sources in Paris and Brussels, Macron has informally approached German Chancellor Olaf Scholz over Draghi’s candidacy, which the paper says would also have the backing of U.S. President Joe Biden.
According to Reuters, – Turkish President Tayyip Erdogan said Canada and the United States were insisting that Ankara ratify Sweden’s NATO membership bid before Canada resumes the export of drone cameras to Turkey, the text of an interview with media showed on Friday.
Speaking with reporters on a flight from Athens late on Thursday, Erdogan said the United States agreed with Canada on the issue, but that Sweden’s NATO bid was to be decided by Turkey’s parliament, after he sent the bill there for consideration in late October.
According to Reuters, – Thyssenkrupp must not divest its steel and marine units against the will of workers, the group’s labour leaders said on Friday, criticising the conglomerate’s top leadership for a new confrontational approach to decisions. The comments, made in a handout by the IG Metall union to staff, come a week after the
Group’s management expanded the board by two seats against despite labour opposition, which unions called a break with tradition. According to Reuters, – U.S. industrial firm Honeywell said on Friday it would buy air conditioner maker Carrier’s security business for $4.95 billion. Shares of Carrier rose 6% in premarket trade.
According to Reuters, – LyondellBasell said on Friday it has entered into an agreement to sell its production facility and associated business at Bayport, Texas to chemical maker INEOS Oxide for $700 million. The transaction is expected to close in the second quarter of 2024, following the completion
Of planned maintenance at the facility, the company said in a filing. According to Bloomberg, — Harpoon Ventures, whose investors include Andreessen Horowitz veteran Peter Levine and former Olympic swimmer Michael Phelps, has raised a $125 million fund to back early-stage startups.
The fund — the firm’s fourth — is expected to close Friday, according to Harpoon founder Larsen Jensen. It will be slightly larger than the previous fund, which closed in 2021 at $122.5 million. According to Reuters, – Merck said a combination therapy being developed with partner Eisai
Failed a late-stage trial testing it as a first-line treatment for a type of cancer in the uterus lining, the two companies said on Friday. Merck’s Keytruda and Eisai’s Lenvima combination is already approved in the U.S. and other countries to treat certain types of advanced endometrial carcinoma in patients who have
Received prior systemic therapy. According to Reuters, – Former Italian Prime Minister Mario Draghi is not interested in becoming president of the European Commission, a source close to Draghi said on Friday, responding to a newspaper report that he was France’s choice for the role.
According to Reuters, – Funding for a joint effort by the United States and United Arab Emirates to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced on Friday at the COP28 climate summit in Dubai.
The Agriculture Innovation Mission for Climate was launched in 2021 at COP26 in Glasgow and its funding comes from governments, companies, and non-governmental organizations. According to Reuters, – Russian President Vladimir Putin said on Friday he would run for president again in the 2024 presidential election, a move expected to keep him in power
Until at least 2030. WHEN? According to Yahoo Finance,Stocks slipped before the open Friday as investors waited for the release of the US monthly jobs report, which could make or sink the case for the Federal Reserve to start cutting interest rates.
Dow Jones Industrial Average and the SP 500 futures were around 0.1% lower, while contracts on the tech-heavy Nasdaq 100 fell almost 0.3%. According to Reuters, – Asian spot liquefied natural gas prices slightly fell this week on continued lack of interest for spot supply from Northeast Asia players and forecast of
Weaker prompt gas demand in Europe. The average LNG price for January delivery into Northeast Asia slightly fell to $15.5 per million British thermal units , from $15.7 last week. According to Reuters, – Axel Springer is shutting down the news outlet Upday, the German publishing
Giant said on Friday, in plans to revive the brand as a “trend news generator” driven by artificial intelligence. Upday will close by the end of the year in its current form, with the new service scheduled to launch in the summer of 2024.
According to Reuters, – U.S. auto maker Tesla Inc should respect fundamental labour rights, including that of collective bargaining by labour unions, Norway’s $1.5 trillion sovereign wealth fund, the world’s biggest stock market investor, told Reuters on Friday. The electric vehicle producer faces a backlash in the Nordic region from unions and some
Pension funds over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions. According to Bloomberg, — Microsoft Corp. and OpenAI Inc.’s partnership, which recently went through a governance meltdown, is facing yet more scrutiny after the UK antitrust watchdog
Said it’s considering if it should be called in for a full blown investigation. The Competition and Markets Authority said Friday it was seeking views from interested parties over whether the two firms’ recent collaboration could result in UK competition issues. Premarket shares in Microsoft fell 0.5%.
According to Reuters, – As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at night, making it one of the most challenging sea areas of the world to transit, even during peacetime.
Should a major war ever come to Asia, those challenges could be magnified spectacularly, with hundreds of vessels abruptly leaving the international waters in the middle of the Strait for what they hope might be the relative safety of the national territorial waters of nearby neutral nations.
According to Reuters, – Russian President Vladimir Putin has said he will seek another six years in the Kremlin by standing in an election in March where his victory is widely assumed to be a foregone conclusion. Here are some of the key choices and challenges he will face in a new term.
According to Yahoo Finance,The US economy added 199,000 jobs in November, a uptick from the previous month as striking auto workers and Hollywood actors came back to the workforce. The unemployment rate was 3.7% down from 3.9% in October. According to Bloomberg, — Companies are grappling with far higher levels of debt than they were
During previous periods of monetary tightening — and tackling this will be a real test, according to Paul Horvarth, chief executive officer at Orchard Global, an alternative asset manager. Speaking at the Milken Institute’s Middle East and Africa Summit in Abu Dhabi, Horvarth
Said that while the financial system looks more solid than the last time rates were this high, corporates are far more levered due to private equity firms buying up companies with cheap debt. And while he doesn’t believe a global financial crisis is on the cards, he anticipates a starker divide between winners and losers.
According to Reuters, – An exchange-traded fund tracking Egyptian shares scaled a more than 21-month high in the run up to the country’s presidential election, with former army chief Abdel Fattah al-Sisi set to secure another term amid economic troubles and war in the neighboring Gaza Strip.
The U.S.-listed VanEck Egypt Index ETF, tracking the MVIS Egypt Index, touched its highest level since February 2022 on Monday. According to Reuters, – Israeli Alon Ohel’s absence has darkened his mother Idit’s celebration of the Jewish Hanukkah festival, but she finds comfort recalling his love of the holiday
Donuts their family made again this year while Hamas holds him captive in Gaza. “Hanukkah is the festival of light, and not just light, of miracles,” Idit Ohel said on Thursday, the first of eight festive nights, and voiced hope he might be freed in that time.
According to Reuters, – U.S. job growth accelerated in November and the unemployment rate dropped to 3.7% even as more people entered the labor force, pointing to underlying strength in the labor market. Nonfarm payrolls increased by 199,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said on Friday.
Economists polled by Reuters had forecast 180,000 jobs created. About 25,300 members of the United Auto Workers union ended their work stoppages against Detroit’s “Big Three” car makers on Oct. 31, the BLS strike report showed, while 16,000 members of the SAG-AFTRA actors union returned to work.
According to Bloomberg, — A prominent New York University accounting professor who is being paid to testify in Donald Trump’s defense in a civil fraud trial heaped praise on the former president’s financial records for hours under oath while blasting as “absurd” the suit brought by the state attorney general.
Eli Bartov, who’s making $1,350 an hour working on the case for Trump, testified Thursday in Manhattan that he did not believe Deutsche Bank AG or other Trump lenders would have made decisions on hundreds of millions of dollars in loans to the former president based solely on his allegedly inflated financial statements.
According to Reuters, – Utility firm DTE Energy forecast higher operating profit for 2024 on Friday, as it expects strong revenue from its electric, gas, renewable energy and energy trading business segments next year. The company expects its full-year operating earnings per share for 2024 to be in the range of $6.54 to $6.83.
According to Bloomberg, — The US labor market unexpectedly strengthened in November with pickups in employment and wages, deflating hopes for the Federal Reserve to cut interest rates early next year. Nonfarm payrolls increased 199,000 last month following a 150,000 advance in October, a Bureau of Labor Statistics report showed Friday.
The return of striking auto workers helped boost the count by 30,000. The unemployment rate fell to 3.7% and workforce participation edged up. Monthly wage growth rose more than forecast. According to Reuters, – Activist investor Elliott Investment Management said on Friday
That the exit of Crown Castle CEO Jay Brown, who will be leaving in January, was a step in the “right direction” but more changes were needed at the wireless tower owner. Brown led the company for more than two decades, and his departure is a major win for Elliot,
Which sought a management shakeup for what it said was years of underperformance. According to Reuters, – Japan’s Outsourcing said on Friday the company plans to go private by launching a management buyout with Bain Capital. The company’s founder Haruhiko Doi will team up with Bain to buy out all the company shares
In a tender offer that could be worth more than 200 billion yen in size . According to Reuters, – The Dangote oil refinery in Nigeria on Friday received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co , bringing the start
Of operations closer after years of delays. Once fully running, the 650,000 barrel-per-day refinery funded by Africa’s richest man Aliko Dangote will turn oil powerhouse Nigeria into a net exporter of fuels, a long-sought goal for the OPEC member that almost totally relies on imports.
According to Reuters, – China’s aviation regulator’s deputy head on Friday told a Boeing executive in Beijing the airplane maker was welcome to deepen its development in the Chinese market. Boeing was welcome to continue to strengthen exchanges and co-operation with the regulator
And the aviation industry in China, Civil Aviation Administration of China quoted Hu Zhenjiang as saying in meeting with Mike Fleming, Boeing’s senior vice president for development programs and customer support. According to Reuters, – World stocks teetered on their first weekly loss since October,
Government bond prices dropped and the dollar firmed as unexpectedly strong U.S. jobs data prompted traders to fold on bets for rapid interest rate cuts next year. MSCI’s broad gauge of world stocks traded flat on Friday, heading for a 0.1% fall this week after five weeks of gains.
According to Reuters, – Canada’s financial regulator on Friday said it was maintaining the amount of capital the country’s biggest lenders must hold, saying its previous actions had bolstered the big six banks’ capital reserve. The Office of the Superintendent of Financial Institutions said maintained the domestic
Stability buffer at 3.5%, and said it would continue to closely monitor financial system developments and could raise the DSB to a level no higher than the top of the current range of 0% to 4% if vulnerabilities intensify. According to Reuters, – Hedge funds look to be scaling down their record short position
In U.S. Treasury futures, marking the beginning of the end of the so-called ‘basis trade’ – an unwind that regulators have warned could pose severe financial stability risks. With the Federal Reserve expected to begin cutting interest rates next year, perhaps
As early as March, attention will intensify on the reversal of the lucrative trade for hedge funds when rates were rising. According to Bloomberg, — After operating for a century in Venezuela through booms, busts and US sanctions, Chevron Corp. is being tested again.
If the nation’s president, Nicolás Maduro, follows through on his threat to annex a huge swath of neighboring Guyana, analysts expect the US to reinstate sanctions and potentially revoke a license that allowed the oil supermajor to resume operating in Venezuela. According to Reuters, – Russians have enjoyed a dramatic increase in living standards over
The course of President Vladimir Putin’s nearly 24 years at the helm of Russian politics. On Friday, Putin said he would run again for the presidency. High prices for oil, Russia’s main export, boosted Putin’s standing as the country emerged from the chaotic 1990s, raising incomes and purchasing power for millions of its citizens.
According to Reuters, – Brazilian brokerage XP Inc wants to “dominate” the South American country’s investment market, chief executive Thiago Maffra said on Friday, adding the firm’s goal is to double its market share in the long-term. Maffra said at an investor event in New York that XP, listed on the Nasdaq since 2019,
Believes it can reach a market share of 14% to 15% by 2026, up from 11% at the end of the third quarter. According to Reuters, – Environmental groups urged countries gathered at the COP28 climate summit in Dubai on Friday to stop support for expansion of the global trade in liquefied
Natural gas , saying the industry was undermining efforts to contain global warming. More than 250 environmental and community groups called on U.S. President Joe Biden’s administration in an open letter to stop permitting LNG facilities. According to Reuters, – A stronger-than-expected U.S. labor market won’t keep the Federal Reserve
From pivoting to a series of interest-rate cuts next year, but it could take until May for it to deliver the first reduction, traders bet on Friday. Employers added 199,000 workers to their payrolls in November, the Labor Department’s monthly jobs report showed, more than the 180,000 that economists had expected, and the unemployment
Rate unexpectedly fell to 3.7%, from 3.9% in October. According to Bloomberg, — Canada’s banking regulator chose not to boost capital requirements on the country’s largest lenders, signaling that officials believe banks’ balance sheets are strong enough to withstand economic turbulence. The Office of the Superintendent of Financial Institutions left the domestic stability buffer
3.5% level. It had increased it in June and last December. According to Reuters, – Russia’s paramount leader, Vladimir Putin, was not even looking at the television camera when he announced that he would aim to stay in the Kremlin for at least another six years as head of the world’s biggest nuclear power.
After pinning the gold star “Hero of Russia” medals on the lapels of soldiers who had fought in Ukraine, some of the men and mothers of the fallen rushed up to one of the best-guarded leaders in the world in the Grand Kremlin Palace.
According to Reuters, – U.S. consumer sentiment perked up much more than expected in December, snapping four straight months of declines, as households saw inflation pressures easing, a survey showed on Friday. The University of Michigan’s preliminary reading of its Consumer Sentiment Index shot up to
69.4, the highest since August, from November’s final reading of 61.3. According to Bloomberg, — Blackstone Inc. is leading a €950 million loan package to back Permira’s buyout of Gossler, Gobert Wolters, people with knowledge of the matter said. Permira agreed to buy the German insurance broker from Hg on Friday, the people said,
Asking not to be identified discussing confidential information. Other lenders supporting the transaction include Goldman Sachs Asset Management and Hayfin Capital Management. According to Yahoo Finance,Americans are increasingly feeling better about inflation. The latest consumer sentiment survey from the University of Michigan revealed consumers
Expect inflation to sit at 3.1% in a year, a noted decrease from last month’s expectation of 4.5%. December’s reading is the lowest since March 2021 and is slightly above the 2.3% to 3.0% range seen in the two years before the pandemic.
According to Reuters, – A gauge of global stocks was higher on Friday, on track for its sixth straight week of gains, while U.S. Treasury yields rose following a strong U.S. jobs report forced markets to recalibrate the timing of rate cuts by the Federal Reserve.
According to Reuters, – Northern Trust Corp has joined a growing number of financial institutions looking to bolster their presence in Saudi Arabia, saying on Friday it had picked the oil-rich kingdom as its headquarters in the Middle East.
The move by one of the world’s biggest custodian banks comes after Riyadh, in an effort to become the Middle East’s financial hub, brought in measures requiring foreign firms to set up regional headquarters in Saudi Arabia or risk losing business.
According to Reuters, – The U.S. Department of Energy on Friday said it wants to buy up to 3 million barrels of crude oil for the Strategic Petroleum Reserve for delivery in March 2024, as it takes advantage of lower prices to start to replenish the stockpile.
The administration of President Joe Biden last year conducted the largest sale to date from the SPR of 180 million barrels to try to limit an oil price rally after Russia’s war on Ukraine began in February 2022. According to Reuters, – OPEC Secretary General Haitham al-Ghais has urged OPEC members to
Reject any deal emerging from the COP28 climate summit which targeted fossil fuels rather than emissions, a letter dated Dec. 6 and seen by Reuters on Friday showed. Three sources confirmed the letter’s authenticity to Reuters. OPEC did not immediately reply to a request for comment.
According to Yahoo Finance,Spotify announced late Thursday that its CFO Paul Vogel will step down from his position after eight years at the music streaming giant. Vogel, who joined Spotify in 2016 as head of investor relations before taking over the CFO role in 2020, will exit his position on March 31, 2024.
This news comes just days after the company confirmed its third round of layoffs this year. According to Reuters, – The U.S. Food and Drug Administration on Friday approved two gene therapies for sickle cell disease from Vertex Pharmaceuticals and CRISPR Therapeutics , as well as from bluebird bio.
Sickle cell disease is a painful, inherited blood disorder that can be debilitating and lead to premature death. It affects an estimated 100,000 people in the United States, most of whom are Black. According to Reuters, – Euro area government bond yields rose on Friday after data showed
The U.S. economy added more jobs than expected last month, putting a dampener on expectations for rate cuts from the Federal Reserve early next year. The U.S. Labor Department said non-farm payrolls rose by 199,000 in November, above forecasts for an increase of 180,000 and compared with a prior reading of 150,000.
Employment was in part boosted by the return of automobile workers and actors after strikes. According to Bloomberg, — A gene-editing therapy for sickle cell disease was approved by US regulators, a milestone for the DNA-modifying technology Crispr. The approval paves the way for patients to begin getting the treatment from Vertex Pharmaceuticals
Inc. and Crispr Therapeutics AG. The Crispr technology uses precisely targeted changes in DNA to repair flaws in patients’ genomes related to the inherited disease. According to Bloomberg, — Starbucks Corp. said it reached out to the union representing hundreds of its stores, a potential step toward ending an impasse that has frayed the coffee
Giant’s relationship with some of its frontline employees. The chain is looking for talks to resume with a “set of representative stores in January 2024,” Starbucks Chief Partner Officer Sara Kelly said in a letter dated Dec. 8 addressed to Workers United President Lynne Fox.
The company said it’s open to “ideas and rules of engagement on how bargaining could proceed.” According to Reuters, – Panama’s trade and industry ministry has ordered Canada’s First Quantum to end operations at its lucrative copper mine, the firm’s unit in the country said on Friday.
The ministry sent the unit, Cobre Panama, a formal advisory that it must “end extraction, processing, refining, transportation, export and sales activities” at the mine, Cobre Panama said in a statement. According to Bloomberg, — Investors’ giddiness with Argentina will be put to the test as
Javier Milei takes over on Sunday, kicking off a presidential term riddled with challenges as he tries to bring the South American economy back from the brink. Some of the country’s dollar bonds, which trade at deeply distressed levels, have rallied to the highest in two years.
The benchmark stock index, to which foreign investors have little access because of currency controls, soared more than 45% since his Nov. 19 win. According to Bloomberg, — Former Treasury Secretary Lawrence Summers said the Federal Reserve should hold off on a shift toward lowering interest rates until there’s decisive
Evidence showing that inflation is back under control or that the economy is entering a slump. “The moment they turn, or announce they’re going to turn, is going to be a seismic moment,” Summers said on Bloomberg Television’s Wall Street Week with David Westin.
“And for that reason, they probably need to be very deliberative and careful about getting to that point.” According to Bloomberg, — OPEC’s top official has urged member countries in a letter to reject any agreements that target fossil fuels at the latest climate negotiations.
Producers should “proactively reject any text or formula that targets energy” in the form of “fossil fuels rather than emissions,” Secretary-General Haitham Al Ghais said in the letter to OPEC’s 13 members. According to Reuters, – Alphabet’s Google on Friday criticised a potential order from
EU antitrust regulators to sell part of its lucrative adtech business, saying it was disproportionate and not right for its advertising partners. The comments from Google’s director Oliver Bethell and its vice president for global ads Dan Taylor came after the U.S. tech giant responded to EU charges issued to the company in June.
According to Bloomberg, — California is likely to face a $68 billion deficit in its next fiscal year as income tax revenue plummets, marking the second consecutive year of shortfalls that could lead to cuts to key safety-net programs, according to the state’s budget adviser.
The projected deficit, which is double the size of last year’s shortfall and the largest in the state’s history, comes after an “unprecedented” downward revision to estimated tax receipts, the state’s Legislative Analyst’s Office said in a report released Thursday.
The LAO, as the agency is commonly known, said tax receipts last year fell $26 billion short of earlier estimates and forecast a cumulative $155 billion deficit through 2028. According to Reuters, – There needs to be an immediate end to the fighting in Gaza but
Governments worldwide do not seem to see it as a priority, Saudi Arabia’s foreign minister said on Friday in Washington, adding that there must also be a credible roadmap to establish a Palestinian state. “Our message is consistent and clear that we believe that it is absolutely necessary
To end the fighting immediately,” Saudi Foreign Minister Prince Faisal bin Farhan told a press conference before a meeting of Arab foreign ministers and U.S. Secretary of State Antony Blinken. According to Reuters, – Starbucks has reached out to the union representing hundreds of its stores in the United States, Bloomberg News reported on Friday.
The chain is looking for talks to resume with a set of representative stores in January 2024, the report said, citing a letter from Starbucks Chief Partner Officer Sara Kelly addressed to Workers United President Lynne Fox. According to Reuters, – Elon Musk’s social media platform X has discussed a potential
Partnership with Amazon.com that would make X ads available on the online retailer’s ad-buying software, the Wall Street Journal reported on Friday citing people familiar with the matter. The social media platform’s billionaire owner last month cursed out advertisers that have fled his social media platform X over antisemitic content.
According to Bloomberg, — Treasury yields rose as traders pared expectations for the Federal Reserve to ease monetary policy aggressively next year after a better-than-forecast jobs report. Benchmark two-year yields, those most closely tied to the outlook for US central-bank policy,
Rose as much as 13 basis points in the biggest such move in seven weeks. Rates across the maturity spectrum remained higher by at least eight basis points on the day after paring larger increases. According to Reuters, – LVMH signed a deal to sell a majority stake in the parent company
Of its cruise retail business to a group of investors led by Jim Gissy, but will remain an “important minority shareholder” in the new entity, the luxury group said on Friday. “The new investors are strategic partners in the vacation retail space with a culture
Of innovation and a growth mindset,” LVMH said in a statement. According to Reuters, – U.S. refiner Phillips 66 forecast lower spending in 2024 on Friday, days after Elliott Investment Management sought a revamp of its board to boost lagging performance.
In November, the activist investment firm in a letter revealed a $1 billion stake in Phillips 66 and criticized its refining operations saying management had taken its “eye off the ball” by letting operating expenses soar. According to Yahoo Finance,Construction hiring in November disappointed.
Jobs in the residential construction sector declined 1,700 jobs in November from the month before, the Labor Department said on Friday. Overall, the construction sector gained 2,000 jobs in November, which is down from the prior three-month average of 21,000 and the weakest monthly growth since March.
According to Yahoo Finance,Paramount Global stock surged as much as 14% on Friday after Deadline reported late Thursday private investment firm RedBird Capital, along with Skydance Media CEO David Ellison, were looking to acquire National Amusements’ voting shares and take control of the media conglomerate.
Shari Redstone currently serves as the non-executive chairwoman of Paramount Global and president of her family’s holding company, National Amusements , which controls the company through its class A shares. According to Reuters, – Argentina’s Leonardo Madcur, a top adviser under outgoing Economy
Minister Sergio Massa, is set to be named the country’s representative at the International Monetary Fund , three people familiar with the matter told Reuters. Madcur resigned from his position as Massa’s chief of advisers in the ministry on Dec. 7, according to a decree published in the official gazette.
According to Reuters, – Microsoft’s partnership with ChatGPT maker OpenAI is under scrutiny from antitrust regulators in the UK and the United States, according to a statement from the British regulator and a media report. Microsoft said last month it would take a non-voting position on the board of OpenAI,
Following a dramatic boardroom battle that saw the sudden ouster and return of CEO and founder Sam Altman. Microsoft, which owns 49% of the for-profit subsidiary of the startup, has committed to investing more than $10 billion in OpenAI. According to Bloomberg, — Trading activity in the Japanese yen is at its busiest so far
This year after comments by Bank of Japan Governor Kazuo Ueda triggered speculation of a near-term policy shift. CME Group Inc., the world’s largest regulated foreign-exchange marketplace, traded $74.8 billion in the Japanese currency on Thursday, the highest volume for 2023.
That included a total of $39.4 billion worth of futures contracts and $4.2 billion of options. According to Reuters, – California’s ambitious high-speed rail project that aims to move travelers from San Francisco to the Los Angeles basin in under three hours still faces significant funding challenges despite a $3.1 billion federal award.
The White House on Friday announced $8.2 billion in federal funding for rail projects across the country, including the California project billed at the first U.S. speed rail project with speeds of 220 miles per hour. According to Reuters, – More U.S. commercial property owners are expected to turn to commercial
Mortgage-backed security lenders next year instead of banks, according to a new Moody’s report. Elevated interest rates, volatility in property values and weakened cash flows have led to tightened lending standards by banks and other commercial real estate lenders through 2023.
According to Reuters, – Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion, according to people familiar with the matter.
The sale would come almost 45 years after Texas oilman Autry Stephens started the company that would become Endeavor. The 85-year-old wildcatter has decided to capitalize on a wave of mega deals sweeping the sector, the sources said. According to Bloomberg, — Apps and websites that use artificial intelligence to undress
Women in photos are soaring in popularity, according to researchers. In September alone, 24 million people visited undressing websites, according to the social network analysis company Graphika. According to Reuters, – A company that helps timeshare owners undo their contracts has sued the United States’ largest privately held vacation ownership company, accusing
Florida-based Westgate Resorts of scheming to eliminate competition for cancellation services. Wesley Financial Group LLC’s Orlando federal court lawsuit against Westgate, a subsidiary of Central Florida Investments Inc, claims the company violated federal advertising law and antitrust law. According to Bloomberg, — A key gauge of stock market worry will climb in 2024 after
Tumbling this year to the lowest since before the pandemic struck, and the magnitude depends on the strength of the economy, according to JPMorgan Chase Co. strategists. The Cboe Volatility Index will “generally trade higher in 2024 than in 2023, and the
Extent of the increase depends on the timing and severity of an eventual recession” and potential wider swings that could curb selling of short-term volatility, the bank’s Americas equity derivatives strategists, led by Bram Kaplan, wrote in a note Friday. According to Yahoo Finance,The November jobs report should be a welcome sign for investors
Betting the US economy isn’t on the verge of tipping into recession. Data out Friday from the Bureau of Labor Statistics showed the US economy added 199,000 jobs in November while the unemployment rate ticked lower to 3.7%. Job growth was higher — and the unemployment rate lower — than economists had forecast.
According to Yahoo Finance,Solar stocks have gotten decimated this year amid high interest rates spurred by the Federal Reserve to tame inflation. Customers have been reluctant to spend on installations, and companies’ investment projects have gotten more expensive. A policy change that lowered solar energy incentives in California also impacted the industry in the US.
The state slashed the subsidy awarded to rooftop panel owners sending excess power to the grid. According to Bloomberg, — Traders are more jittery than ever about the outcome of the Chevron Corp.’s proposed $53-billion takeover of Hess Corp. as Venezuela threatens to seize mineral-rich regions in neighboring Guyana.
Hess shares fell roughly 5% this week as the conflict escalated, Chevron slid less than 1%. Stock in Hess — which generated nearly a quarter of its revenue from Guyana last year — traded nearly $14 below the value of the all-stock bid at from the oil giant on Thursday,
The widest gap since the deal was announced. Hess shareholders will receive 1.025 shares of Chevron for each Hess share. According to Yahoo Finance,During the eight years prior to the COVID outbreak in 2020, the economy added an average of 196,000 new jobs per month.
The latest job numbers show a gain of 199,000 jobs in November 2023, essentially the same as the pre-COVID norm. According to Reuters, – U.S. lender Wells Fargo on Friday named Darlene Goins as its head of Philanthropy and Community Impact and president of the Wells Fargo Foundation.
In the role she will be responsible for the company’s philanthropic strategy in housing access and affordability, financial health, small business growth and sustainability, the statement added. According to Bloomberg, — One of the biggest US public pensions lost most of its private
Equity team after the fund made changes that would crimp the group’s ability to allocate to the alternative asset class. Four members of the Pennsylvania Public School Employees’ Retirement System private equity investing team are retiring or have accepted new jobs, according to people with knowledge of the matter.
According to Reuters, – Luxembourg-based commercial landlord CPI Property Group said on Friday that short-seller Muddy Waters painted “a misleading picture” of the company “by taking facts out of context.” On Nov. 21, a key bond of CPI Property fell by the most on record after Muddy Waters said
It had bet against the credit of the company, which owns properties in Germany, the Czech Republic, Poland and elsewhere in Central and Eastern Europe. According to Bloomberg, — European Union negotiators were close to an agreement on Friday over what is poised to become the most comprehensive regulation of artificial intelligence
In the western world. Teams from the European Parliament and 27 member countries have reached consensus on some of the controls necessary to protect society from the risks of AI and may strike a broader deal within hours, people familiar with the situation said, asking not to be identified because the information isn’t public.
The closed-door meeting follows an earlier marathon session that began on Wednesday and ended on Thursday afternoon without consensus. According to Reuters, – The Apple executive leading design for the iPhone and smartwatch, Tang Tan, is leaving the company in February, Bloomberg News reported on Friday, citing people with knowledge of the matter.
This marks the second departure of an iPhone executive after Bloomberg News reported on Dec. 6, that Steve Hotelling who oversaw iPhone screen and touch ID technology that transformed the way iPhones feel and function is leaving. According to Reuters, – The SP 500 is poised for solid gains next year on strong earnings
Growth and a broadening of the stock market’s rally, strategists at Citigroup said on Friday. The bank’s “base case” calls for the benchmark SP 500 to end 2024 at 5,100, an 11% gain from current levels, Citi’s Scott Chronert and his team said in their outlook report.
According to Bloomberg, — The Apple Inc. executive in charge of product design for the iPhone and smartwatch is stepping down, bringing a shake-up to the company’s most critical product lines. Tang Tan, whose title is vice president of product design, is leaving in February, according
To people with knowledge of the matter, who asked not to be identified because the move isn’t public. Tan reports to John Ternus, senior vice president of hardware engineering, and the division is reshuffling duties to handle the transition. According to Reuters, – Amazon.com asked a federal court on Friday to dismiss a U.S.
Government antitrust lawsuit which accuses the company of using illegal strategies to boost profits at its online retail empire, including an algorithm that allegedly pushed up prices by more than $1 billion. In its motion to dismiss, Amazon said the U.S. Federal Trade Commission, in a lawsuit
Filed in September, confused “common retail practices” with anticompetitive conduct and failed to identify harm to consumers. According to Yahoo Finance,Apple’s head of iPhone and Apple Watch design is leaving the company. According to Bloomberg’s Mark Gurman, Tang Tan, who has worked on devices including the
IPhone, watch, and Apple’s AirPods, will exit Apple in February. Tan reports up to Apple’s SVP of hardware design John Ternus who answers to CEO Tim Cook. Tan’s departure also means Apple is moving around personnel within its design teams to fill in gaps, according to Gurman.
According to Reuters, – The Texas grid operator anticipates narrower power reserves next summer due to delays in solar projects that had been scheduled to be completed by July 2024, the Electric Reliability Council of Texas said in a report on Friday. The Planning Reserve Margin, which represents excess capacity over peak demand, for summer
2024 was estimated at 29.4% in the report, down 4.7 percentage points from a 34.9% margin forecasted in a May 2023 report. According to Yahoo Finance,If you are in the market for a luxury Swiss watch now might be your best time to buy—just in time for the holidays.
Subdial, a watch industry data provider, reported that its Bloomberg Subdial Watch Index fell again for the month of November, down 3% from the prior month and 10% from a year ago to £26,912, or $33,740 – a new two-year low. According to Reuters, – The Canadian dollar edged higher against its U.S. counterpart
On Friday but the currency still posted its first weekly decline in four weeks as the Bank of Canada left interest rates on hold and U.S. jobs data boosted the greenback. The loonie was trading 0.1% higher at 1.3585 to the greenback, or 73.61 U.S. cents, after moving in a range of 1.3551 to 1.3609.
For the week, the currency was down 0.6%. According to Reuters, – One after another, records have fallen in 2023 alongside skyrocketing temperatures. Deadly floods, heatwaves and storms have unfolded against the backdrop of what climate scientists say is set to be the world’s hottest year on record, with observations stretching back to the 1800s.
According to Reuters, – The number of U.S. liquefied natural gas vessels transiting the Panama Canal to Asia halved in November compared with a year ago as Asia prices for the gas this week traded at their steepest premium to European prices in nearly two years.
A severe drought has cut vessel traffic through the canal, increasing costs for shippers that take alternative routes or pay extra fees for auctioned slots in Panama. Further restrictions on canal transits likely will put more cargoes on lengthier routes, analysts said.
According to Bloomberg, — JPMorgan Chase Co. is running into some pushback over fees and control as it aims to pull together a group of lenders to help fund private credit deals it originates, an effort that has the potential to reshape the burgeoning market.
The biggest US bank has held talks with several private credit firms about creating what would amount to a syndication group where members would take a slice of each loan, according to people with direct knowledge of the discussions. JPMorgan would select the loans, and others in the syndicate would have no or limited
Ability to veto deals they don’t want to fund, the people said. According to Reuters, – A bill to cut the working day in Mexico by eight hours to 40 hours a week is unlikely to be approved this year, pushing debate on it back into early
2024 when Congress reconvenes, five lawmaking sources involved in discussions told Reuters. The constitutional overhaul has met resistance from business and the center-right opposition National Action Party, and this week President Andres Manuel Lopez Obrador signalled it might not pass this month by urging Congress to further analyze it.
According to Bloomberg, — With global regulators examining Microsoft Corp.’s $13 billion investment in OpenAI, the software giant has a simple argument it hopes will resonate with antitrust officials: It doesn’t own a traditional stake in the buzzy startup so can’t be said to control it.
When Microsoft negotiated an additional $10 billion investment in OpenAI in January, it opted for an unusual arrangement, people familiar with the matter said at the time. Rather than buy a chunk of the cutting-edge artificial intelligence lab, it cut a deal
To receive almost half of OpenAI’s financial returns until the investment is repaid up to a pre-determined cap, one of the people said. According to Bloomberg, — For all the bad things supposedly raining down on Wall Street,
It’s shaping up to be a big year for stock bulls who simply sat tight and refused the temptation to outsmart the market. In fact, buying and holding equities has trounced 22 technical strategies used by traders to navigate their ups and downs.
The sit-still plan has paid off handsomely after the SP 500 touched its 2023 low on Jan. 5 only to climb steadily to its highest point on Friday. According to Reuters, – United Parcel Service reinstated about 35 recently organized workers
On Friday after they were laid off by the global delivery firm, the International Brotherhood of Teamsters said in a post on X, formerly known as Twitter. The union said the swift reinstatement of the workers stops any potential labor action. On Thursday, it had threatened to respond by filing unfair labor practice charges and
Potentially striking – a move that could have delayed packages during the crucial holiday shipping season. According to Reuters, – Ratings agency Moody’s on Friday revised its outlook on Nigeria to positive from stable, citing possible reversal of the deterioration in the country’s fiscal and external position due to authorities’ reform efforts.
The agency also affirmed its “Caa1” long-term foreign currency and local currency issuer ratings. According to Reuters, – Tellurian on Friday said chairman and co-founder Charif Souki will no longer serve as an executive or officer of the liquefied natural gas company’s board or hold any managerial responsibilities.
It named Martin Houston, co-founder and vice chairman, as chairman. According to Reuters, – Flight attendants at Southwest Airlines have rejected a tentative contract agreement, with 64% of them voting against the proposed five-year deal, their union said on Friday. The Transport Workers Union Local 556, representing nearly 19,000 flight attendants, said in a
Statement “this proposed contract is not going to heal the hurt.” According to Bloomberg, — OpenAI has selected two lawyers from the firm WilmerHale to conduct its investigation into the events that led to Sam Altman’s ouster as chief executive officer. Company board members Bret Taylor and Larry Summers interviewed “several leading law
Firms” before selecting WilmerHale attorneys Anjan Sahni and Hallie B. Levin, Taylor said in a statement. The pair will conduct “an effective and timely review” of the events that led up to Altman’s firing Nov. 17 by the previous board. According to Reuters, – The U.S. Centers for Disease Control and Prevention said on Friday
That the COVID subvariant JN.1 makes up about an estimated 15% to 29% of cases in the United States as of Dec. 8, according to the agency’s projections. The agency said that it expects JN.1 COVID cases will continue to increase as a proportion
Of total cases as JN.1 is currently the fastest growing in the country. According to Bloomberg, — The European Union reached a hard-fought deal on what is poised to become the most comprehensive regulation of artificial intelligence in the western world. Delegates from the European Commission, the European Parliament and 27 member countries
Agreed to a set of controls for generative artificial intelligence tools such as OpenAI Inc.’s ChatGPT and Google’s Bard — the kind capable of producing content on command, EU internal markets chief Thierry Breton said Friday in a post on the social media site X.
According to Reuters, – The Federal Reserve’s last monetary policy meeting of 2023 and a U.S. inflation report in coming days should test a stock market rally that some view as stretched following weeks of gains. Bets the Fed will begin cutting interest rates sooner than expected have fueled a surge in
U.S. equities, which received a tailwind from a rapid decline in Treasury yields. The SP 500 up nearly 20% in 2023 after a monthly gain in November that was its biggest of the year. According to Reuters, – The United States kept up pressure on Israel
To do more to protect Palestinian civilians during a fierce offensive against Hamas militants across Gaza, even as Washington vetoed a U.N. Security Council demand for an immediate ceasefire. According to Bloomberg, — Australia will continue to press China to remove trade impediments
Affecting live lobster and red meat as relations between the two countries warm, said Trade Minister Don Farrell. China has imported 314,000 tons of barley from Australia since duties were removed in August, Farrell said in a statement Saturday in Sydney, citing data from Beijing.
This is the first time in more than three years that Chinese authorities have released official data showing that Australian barley has returned, he said. According to Bloomberg, — The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities
Bolsters its own case against the world’s biggest crypto exchange. Despite not being part of the agreement, the SEC argued on Friday that the federal court in Washington hearing its case should weigh admissions by Binance and the firm’s former chief executive, Changpeng Zhao, in the Nov. 21 settlement.
The firm and Zhao have asked the court to dismiss the SEC’s lawsuit. According to Bloomberg, — When OpenAI’s board made the shocking decision to fire Chief Executive Officer Sam Altman on the Friday before Thanksgiving, it offered little detail beyond a statement that the leader of the artificial intelligence startup was not “consistently
Candid” with its directors. The statement, devoid of any details, was the opening volley in a power struggle that played out almost entirely behind closed doors. Privately, Altman and the board jockeyed over what to say publicly and when, according to people familiar with the situation.
At one point, during the discussions about Altman’s possible return as CEO, he offered to publicly apologize for misrepresenting some board members’ views in conversations when he was lobbying for a director’s removal, the people said. According to Bloomberg, — Australia’s government will outline a plan next week to reduce immigration,
Prime Minister Anthony Albanese said. “The new strategy we’ll announce will bring immigration back to sustainable levels,” he told reporters Saturday in Sydney. “We need to have a migration system that enables Australia to get the skills that we need, but make sure the system is working in the interests of all Australians.”
According to Reuters, – A rocket developed by LandSpace Technology on Saturday launched three satellites into orbit, state media said, a milestone in the Chinese private rocket startup’s mission to test whether its vehicle using methane and liquid oxygen is ready for commercial liftoffs. LandSpace’s Zhuque-2 Y-3 blasted off at 7:39 a.m.
Dec. 9 from Jiuquan Satellite Launch Center in China’s Inner Mongolia region, state television CCTV said, without providing details on the types and overall weight of the satellites it lifted. According to Bloomberg, — Asia’s growing number of chocolate lovers will indulge their
Sweet tooth even as cocoa prices skyrocket to the highest level since the 1970s, a veteran of the industry says. With more than half of the world’s people, Asia accounts for only roughly a quarter of cocoa consumption, making it a growth market for chocolate producers as populations — and disposable incomes — grow.
Three years of pandemic restrictions dealt a severe blow, as entertaining, gifting and impulse purchases declined. Then the price of the key ingredient took off, thanks to punishing rains in West Africa. According to Reuters, – Tesla Inc defended its use of “Autopilot” and “self-driving”
For its driver assistance features, arguing in response to a California regulatory action that the agency had implicitly approved the terms when it did not take action in its previous investigations of them. The electric car company run by billionaire Elon Musk was accused last year by California’s
Department of Motor Vehicles of falsely advertising its Autopilot and Full Self-Driving features as providing autonomous vehicle control. According to Bloomberg, — DoorDash Inc. will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.
Splunk Inc., MongoDB Inc., Roper Technologies Inc., CDW Corp. and Coca-Cola Europacific Partners Plc will also be added to the index. Meanwhile, Align Technology Inc., eBay Inc., Enphase Energy Inc., JD.com Inc. and Lucid Group Inc. will be removed from the Nasdaq 100.
According to Reuters, – New York-based stock exchange Nasdaq Inc agreed to pay a $4 million settlement to the U.S. Department of Treasury over apparent violations of sanctions against Iran by a former Nasdaq unit, the department’s Office of Foreign Assets Control said on Friday.
Nasdaq OMX Armenia provided services to Iran and Iran’s state-owned Bank Mellat, it said. According to Bloomberg, — China’s consumer prices fell at the steepest pace in three years while producer costs dropped even further into negative territory, underscoring the challenges facing the economic recovery.
The consumer price index fell 0.5% last month from a year earlier, the National Statistics Bureau said in a statement Saturday. That’s the biggest drop since November 2020 and is weaker than the 0.2% drop projected by economists in a Bloomberg survey.
According to Reuters, – China’s consumer prices extended their decline in November while factory-gate deflation deepened, as persistent weakness in demand casts doubts over the sustainability of the economic recovery. The consumer price index dropped 0.5% in November both from a year earlier and compared with
October, data from the National Bureau of Statistics showed on Saturday. In October, the CPI fell 0.2% year-on-year.
1 Comment
0:00:00 – Intro
0:00:06 – ATTENTION
0:00:12 – Recommendation
0:00:18 – Timestamps reminder
0:00:23 – Buy Me a Coffee
0:00:27 – (Reuters) BOJ tankan to show manufacturers' mood improving- Reuters poll
0:00:50 – (Reuters) Tencent reveals most ambitious game yet for consoles amid global expansion
0:01:20 – (Reuters) Taiwan intelligence says China leadership meet on election interference
0:01:52 – (Bloomberg) India Central Bank Holds Rate as Focus Stays on Inflation
0:02:18 – (Reuters) UPDATE 1-Cathay Pacific favours Airbus over Boeing in $2.71 bln freighter deal
0:02:47 – (Reuters) Strong US job growth seen in November as strikes end; trend slowing
0:03:15 – (Bloomberg) Yen Surge Hits Japanese Shares, Korea Rises on AI: Markets Wrap
0:03:45 – (Bloomberg) Oil in Worst Losing Run Since 2018 as OPEC+ Fails to Stem Rout
0:04:22 – (Bloomberg) Australia’s Top Sugar Producing State Braces for Cyclone
0:04:50 – (Reuters) UPDATE 1-Apple to move key iPad engineering resources to Vietnam- Nikkei
0:05:15 – (Bloomberg) ECB to Clash With Markets Over Rate-Cut Timing, Survey Shows
0:05:44 – (Bloomberg) US Unemployment Rate to Tick Up Amid Early Signs of Recession
0:06:14 – (Reuters) EU ministers need more time to agree on new fiscal rules
0:06:44 – (Reuters) FOCUS-In Olympics race, Adidas pursues edge in new sports
0:07:10 – (Reuters) FOCUS-Fear of cheap Chinese EVs spurs automaker dash for affordable cars
0:07:42 – (Reuters) Stalled EU AI Act talks set to resume
0:08:12 – (Reuters) McDonald's Australia hit with class action over unpaid overtime
0:08:41 – (Bloomberg) Santos Jumps on Prospect of A$80 Billion Deal With Woodside Energy
0:09:06 – (Reuters) GLOBAL MARKETS-Yen soars, Nikkei slides as rate hikes loom over Japan
0:09:40 – (Bloomberg) Foreigners Turn Bullish on India Stock Futures After Modi’s Wins
0:10:06 – (Reuters) Woodside, Santos could sell assets to overcome merger antitrust hurdles -source
0:10:28 – (Reuters) UPDATE 1-China cuts visa fees by 25% for travellers from many countries
0:10:56 – (Reuters) Japan's Nikkei suffers worst week since September on hawkish BOJ bets
0:11:17 – (Reuters) Japan's 10-year JGB yield jumps on speculation of imminent BOJ policy shift
0:11:45 – (Bloomberg) ‘Too Tricky to Trade’: Yen Watchers Brace for Even Wilder Swings
0:12:13 – (Bloomberg) First It Was Wheat, Then Rice, Now Onions Are on India’s Restricted List
0:12:45 – (Bloomberg) Binance Withdraws Abu Dhabi License Application
0:13:16 – (Reuters) China's Nov new yuan loans seen rising on policy support: Reuters Poll
0:13:50 – (Bloomberg) Adani Green Sketches Out Plan for Repaying $750 Million Bond
0:14:27 – (Bloomberg) Yen Fluctuates as Focus Shifts From BOJ Speculation to US Data
0:14:56 – (Reuters) Azerbaijan tipped to host COP29 climate talks, says Russia backs it
0:15:15 – (Reuters) Benchmark Bund yields on track for biggest biweekly fall since mid-March
0:15:40 – (Bloomberg) China Holds Politburo Meeting on Economy, Anti-Corruption Moves
0:16:05 – (Reuters) Trafficking for cyber fraud an increasingly globalised crime, Interpol says
0:16:38 – (Reuters) UPDATE 1-China's Nov car sales rise 25.5% y/y as year-end price battle intensifies
0:17:12 – (Bloomberg) Anglo American Plans Deep Mine Production Cuts to Save Cash
0:17:47 – (Bloomberg) BTS Superfan App Weverse Targets US Pop Stars in Global Push
0:18:23 – (Reuters) Softening consumption may delay BOJ's exit from easy policy
0:18:54 – (Reuters) Global warming threshold could be hit temporarily in 2024-UK's Met Office
0:19:17 – (Reuters) UPDATE 1-Britain's Marex Group files for US IPO
0:19:40 – (Reuters) Sterling heads for weekly dive versus robust yen
0:20:02 – (Bloomberg) EU Considers Restarting WTO Case Against US Over Steel Tariffs
0:20:30 – (Reuters) Hundreds still stranded, plants closed in India's flood-hit Chennai
0:20:55 – (Bloomberg) Bond Traders to Face a Reality Check With Friday’s Jobs Report
0:21:29 – (Reuters) Take Five: Grinch or Santa – which Fed will it be?
0:21:50 – (Reuters) Tradeweb, MarketAxess and Bloomberg scrap joint bond prices 'tape' plan
0:22:15 – (Bloomberg) BofA’s Hartnett Says Rising Bonds Will Drag on Stocks Early 2024
0:22:43 – (Reuters) EMERGING MARKETS-India stocks hit record highs on RBI pause; US data on tap
0:23:17 – (Reuters) UPDATE 1-Excessive deficits must be reduced, not excused – German FinMin
0:23:43 – (Bloomberg) Calvino Wins Five-Nation Tug of War for Top Job at EU Lender
0:24:06 – (Bloomberg) Country Garden Local Bond Test Looms as Regulator Meets Holders
0:24:36 – (Reuters) UPDATE 1-EU ministers narrow gaps on fiscal rules, eye end-year deal
0:24:52 – (Reuters) UPDATE 3-China's leaders pledge to spur domestic demand, economic recovery in 2024
0:25:22 – (Reuters) Cyprus sees growth next year despite headwinds-minister
0:25:48 – (Reuters) UPDATE 1-UK antitrust regulator reviewing Microsoft, OpenAI partnership
0:26:03 – (Reuters) Danske Bank ups profit view; sees 'negligible' Q4 impairments
0:26:30 – (Reuters) United States' Nvidia set to discuss chip deals in Vietnam next week
0:27:00 – (Bloomberg) Key UK Mortgage Rate Drops Below 6% for First Time Since June
0:27:32 – (Reuters) US infrastructure building boom revs up extended-stay market
0:28:07 – (Reuters) Analysis-Tesla Cybertruck's stiff structure, sharp design raise safety concerns -experts
0:28:32 – (Reuters) FedEx faces US racketeering lawsuit by former delivery contractor
0:29:08 – (Reuters) Futures muted as investors eye payrolls data for interest rate clues
0:29:36 – (Reuters) Crisis-weary Argentines pin hopes on Milei's economic shock therapy
0:30:11 – (Reuters) US wage growth, once an inflation risk, may now be the prop a soft landing needs
0:30:43 – (Reuters) UPDATE 1-India's Max Healthcare to buy Sahara Hospital in $113 mln deal
0:31:10 – (Reuters) GLOBAL MARKETS-Global stocks and bonds turn cautious before US jobs data
0:31:32 – (Reuters) France wants Draghi as EU Commission chief after von der Leyen, newspaper says
0:32:03 – (Reuters) UPDATE 1-Turkey says Canada, US linking drone-camera exports to Sweden NATO membership
0:32:33 – (Reuters) Thyssenkrupp workers warn against confrontational management approach
0:33:00 – (Reuters) Honeywell to buy Carrier's security unit for $4.95 billion
0:33:15 – (Reuters) UPDATE 1-LyondellBasell to sell Bayport ethylene oxide unit to INEOS for $700 mln
0:33:39 – (Bloomberg) Harpoon Ventures Raises $125 Million for Early-Stage Startups
0:34:07 – (Reuters) UPDATE 1-Merck-Eisai's uterine cancer therapy combo fails first-line treatment trial
0:34:33 – (Reuters) UPDATE 1-Italy's Mario Draghi not interested in role of EU Commission chief-source
0:34:48 – (Reuters) COP28: US-UAE climate-friendly farming effort grows to $17 bln
0:35:15 – (Reuters) EXPLAINER -Russia's Putin to run again for president in 2024
0:35:29 – (Yahoo Finance) Stock market news today: US futures dip ahead of key jobs report
0:35:54 – (Reuters) GLOBAL LNG-Asia spot LNG prices fall on continued muted demand
0:36:18 – (Reuters) Axel Springer to close Upday in shift towards AI-based news
0:36:39 – (Reuters) Tesla must respect collective bargaining rights, Norway's sovereign wealth fund says
0:37:09 – (Bloomberg) Microsoft’s OpenAI Ties Face Potential UK Antitrust Probe
0:37:39 – (Reuters) COLUMN-Shipping seeks safe waters in era of deadly geopolitics: Peter Apps
0:38:10 – (Reuters) EXPLAINER-Key challenges facing Putin if he gets a new six-year term
0:38:27 – (Yahoo Finance) November jobs report: US economy adds 199,000 jobs, unemployment falls to 3.7%
0:38:46 – (Bloomberg) Orchard’s Horvath Sees Risks Rising for Indebted Firms
0:39:25 – (Reuters) Egypt ETF at 21-month peak ahead of presidential election
0:39:52 – (Reuters) Hanukkah traditions comfort mother of Israeli held captive in Gaza two months
0:40:18 – (Reuters) US November payrolls growth hurts case for early '24 Fed cuts
0:41:00 – (Bloomberg) Trump’s Expert Witness Trashes NY’s ‘Absurd’ Fraud Case in Court Clash
0:41:36 – (Reuters) DTE Energy sees higher profit in 2024
0:42:01 – (Bloomberg) US Labor Market Defies Slowdown Forecasts in Broad Strengthening
0:42:36 – (Reuters) Activist investor Elliott says Crown Castle CEO exit step in 'right direction'
0:43:01 – (Reuters) UPDATE 1-Japan's Outsourcing to conduct management buyout with Bain
0:43:21 – (Reuters) UPDATE 1-Nigeria's Dangote refinery receives first crude cargo
0:43:51 – (Reuters) UPDATE 1-China says Boeing welcome to deepen development in its market
0:44:19 – (Reuters) GLOBAL MARKETS-Strong US jobs data throws rate cut bets into doubt
0:44:43 – (Reuters) Canada financial regulator maintains banks' domestic stability buffer at 3.5%
0:45:15 – (Reuters) Column-Praying for 'soft landing' of $1 trln basis trade :McGeever
0:45:42 – (Bloomberg) Chevron Faces New Venezuela Risk as Maduro Threatens Guyana
0:46:08 – (Reuters) GRAPHIC-The rise and stagnation of Russia's economy during Putin's tenure
0:46:35 – (Reuters) UPDATE 1-Brazil's XP targets doubled market share to 'dominate' sector in long-term
0:47:04 – (Reuters) UPDATE 1-Green groups urge end to LNG expansion to stop 'climate chaos'
0:47:29 – (Reuters) UPDATE 1-Fed pivot to interest-rate cuts seen likely to start in May
0:48:01 – (Bloomberg) Canada Keeps Bank Capital Requirements Steady as Economy Weakens
0:48:25 – (Reuters) Putin sends message to world with 'spontaneous' election announcement
0:48:51 – (Reuters) US consumers' moods brighten as inflation worries subside – UMich
0:49:16 – (Bloomberg) Blackstone Leads $1 Billion Private Loan Package for GGW Buyout
0:49:44 – (Yahoo Finance) Inflation expectations hit lowest level in more than two years