December 2024 – Page 26 – Best Day Investing

China’s Nov industrial profits narrow decline but demand remains soft

BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, offering some respite to an embattled sector even as persistently soft domestic demand…

December 27, 2024

Economy

Asian stocks drift, yen at 5-month low in thin year-end trading

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked…

December 27, 2024

Stock

Nidec shares jump as it proposes unsolicited $1.6 billion Makino takeover bid

Investing.com– Kyoto-based precision motor manufacturer Nidec Corp (TYO:6594) has announced plans to launch a 257 billion yen ($1.6 billion) tender offer to acquire industrial gear supplier Makino Milling Machine Co…

December 27, 2024

Stock

Big Oil backtracks on renewables push as climate agenda falters

By Ron Bousso LONDON (Reuters) – Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing…

December 27, 2024

Stock

US stock futures edge lower after muted Wall Street close

Investing.com– U.S. stock index futures were marginally lower on Thursday evening after Wall Street closed largely unchanged amid soft trading volumes in a holiday-shortened week. S&P 500 Futures inched 0.1%…

December 27, 2024

Stock

Nidec announces $1.6 billion unsolicited bid for Makino Milling

By Kantaro Komiya and Rocky Swift TOKYO (Reuters) -Japanese manufacturing giant Nidec said on Friday it planned to launch a tender offer for Makino Milling Machine at a 42% premium…

December 27, 2024

Stock

Brazilian authorities: workers at BYD construction site victims of international human trafficking

RIO DE JANEIRO (Reuters) – The 163 Chinese workers found in a construction site of a factory owned by Chinese electric vehicle producer BYD (SZ:002594) in Brazil’s Bahia state were…

December 27, 2024

Economy

BOJ debated rate-hike timing, some called for near-term move, Dec summary shows

By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers saw conditions falling into place for an imminent rate hike with one predicting a move “in the near future,” a…

December 27, 2024

Economy

Yen hovers near 5-month low as BOJ’s cautious stance weighs

By Kevin Buckland TOKYO (Reuters) – The yen hovered near a five-month low to the dollar on Friday as the U.S. Federal Reserve’s hawkish messaging contrasted with the Bank of…

December 27, 2024

Economy

Inflation in Japan’s capital accelerates, keeps rate hike prospects intact

By Leika Kihara TOKYO (Reuters) – Core inflation in Japan’s capital accelerated in December as price pressures broadened, data showed on Friday, keeping alive market expectations for a near-term interest…

December 27, 2024