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Morning Bid: As stocks waver, dollar remains the surest bet
Posted inEconomy

Morning Bid: As stocks waver, dollar remains the surest bet

A look at the day ahead in European and global markets from Ankur Banerjee While stock markets shrugged off the dim start to 2025, the higher-for-longer U.S. rates theme has…
Posted by January 3, 2025
Asia stocks gain as South Korea’s KOSPI rebounds sharply
Posted inStock

Asia stocks gain as South Korea’s KOSPI rebounds sharply

Investing.com– Most Asian stocks were higher on Friday led by sharp gains in South Korean shares, while Chinese stocks reversed some earlier losses amid hopes of fresh stimulus measures from…
Posted by January 3, 2025
Tesla’s China sales rise to record high in 2024, bucking global decline
Posted inStock

Tesla’s China sales rise to record high in 2024, bucking global decline

BEIJING (Reuters) -U.S. electric vehicle maker Tesla (NASDAQ:TSLA) said on Friday its sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in…
Posted by January 3, 2025
Biden to announce decision on Nippon Steel bid for US Steel as early as Friday, CBS News reports
Posted inStock

Biden to announce decision on Nippon Steel bid for US Steel as early as Friday, CBS News reports

WASHINGTON (Reuters) -U.S. President Joe Biden is likely to announce a decision as soon as Friday on whether he will approve Nippon Steel’s acquisition of U.S. Steel, CBS News reported…
Posted by January 3, 2025
Skydance, Paramount dismiss objections to planned $8.4 billion merger
Posted inStock

Skydance, Paramount dismiss objections to planned $8.4 billion merger

(Reuters) – Skydance Media and Paramount Global on Thursday defended their planned $8.4 billion merger, urging the Federal Communications Commission to dismiss opposition from critics, calling them “unwarranted” and “meritless”.…
Posted by January 3, 2025
Asian stocks rise, dollar at two-year high as US rates, Trump in focus
Posted inEconomy

Asian stocks rise, dollar at two-year high as US rates, Trump in focus

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was perched at a two-year high against…
Posted by January 3, 2025
Dollar headed for best week since November on US rates, economic outlook
Posted inEconomy

Dollar headed for best week since November on US rates, economic outlook

By Rae Wee SINGAPORE (Reuters) – The dollar was on track for its best weekly performance in over a month on Friday, underpinned by expectations of fewer Federal Reserve rate…
Posted by January 3, 2025
China’s central bank might cut interest rates from current level of 1.5% in 2025, FT reports
Posted inEconomy

China’s central bank might cut interest rates from current level of 1.5% in 2025, FT reports

BEIJING (Reuters) -China’s central bank said it was likely it would cut interest rates from the current level of 1.5% “at an appropriate time” in 2025, the Financial Times reported…
Posted by January 3, 2025
China’s central bank to cut interest rates from current level of 1.5% in 2025- FT
Posted inEconomy

China’s central bank to cut interest rates from current level of 1.5% in 2025- FT

Investing.com– The People’s Bank of China plans to cut interest rates further in 2025, as it brings monetary policy more in line with traditional policies in the U.S. and Europe,…
Posted by January 3, 2025
US Steelworkers’ union criticizes Nippon Steel’s proposal for lack of long-term commitment
Posted inStock

US Steelworkers’ union criticizes Nippon Steel’s proposal for lack of long-term commitment

(Reuters) -The United Steelworkers union expressed concerns about Nippon Steel’s latest proposal that gives the U.S. government veto power over any potential reductions in U.S. Steel’s production capacity, if they…
Posted by January 3, 2025

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