FTSE 100 slides to two-week low ahead of US inflation print — Dec 11th, 2024

The UK's benchmark FTSE 100 fell to a two-week low on Wednesday, with Ashtead extending declines, while investors awaited U.S. inflation data that could cement the Federal Reserve's December rate cut....

Exclusive: BOJ leaning toward keeping rates steady next week, sources say — Dec 12th, 2024

The Bank of Japan is leaning toward keeping interest rates steady next week as policymakers prefer to spend more time scrutinising overseas risks and clues on next year's wage outlook, said five sources familiar with its thinking....

UK announces planning overhaul to help meet 1.5 million new homes target — Dec 12th, 2024

Britain on Thursday outlined details of an overhaul to its planning system to help boost growth and hit a target of 1.5 million new homes in the next five years, including ordering local authorities to build more houses....

HSBC, World Bank's IFC launch $1 bln trade finance programme for emerging market — Dec 12th, 2024

HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade....

Stocks settle in for nervous wait on US CPI — Dec 11th, 2024

Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a U.S. inflation reading expected to leave the Fed on course to cut rates again....

India-UK free trade pact talks to resume by Jan-end, Indian government source says — Dec 12th, 2024

India and Britain will resume their talks on a free trade agreement by the end of January, an Indian government source told Reuters on Thursday....

Fighting breaks out between Somalia's Jubbaland region and federal government, officials say — Dec 11th, 2024

Fighting erupted on Wednesday between Somalia's semi-autonomous Jubbaland region and federal government forces after Jubbaland held an election against the advice of authorities in Mogadishu, officials said....

Bearish bets maintained on Asian FX as US tariff fears intensify: Reuters poll — Dec 12th, 2024

Bearish bets on the South Korean won and the Indian rupee soared to a two-year high as investors clung to their short positions in other currencies on growing concerns that potential U.S. tariffs would undermine the appeal of emerging market assets....

Blues host Sharks looking to keep winning under new coach — Dec 12th, 2024

The San Jose Sharks are in the middle of a long-haul rebuilding effort. The St. Louis Blues are trying to retool more quickly....

JPMorgan Chase expects investment banking fees to be up by 45% in Q4 — Dec 10th, 2024

JPMorgan Chase investment banking fees are expected to rise by 45% in the fourth quarter over a year ago, Marianne Lake, the bank's CEO of consumer and community banking, said on Tuesday....

Stocks settle in for nervous wait on US CPI — Dec 11th, 2024

Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a U.S. inflation reading expected to leave the Fed on course to cut rates again....

Indonesia's XL Axiata, Smartfren to merge, with $6.3 bln enterprise value, say sources — Dec 11th, 2024

Indonesian telcos XL Axiata , Smartfren Telecom and a unit of Smartfren are expected to announce a merger as early as Wednesday, two sources with direct knowledge of the matter said....

Finnair prepares to cancel some flights as pilots reject wage offer — Dec 11th, 2024

Finnair said on Wednesday it was preparing to cancel some flights on Thursday, after the Finnish Air Line Pilots' Association (SLL) rejected a settlement proposal for a collective labour agreement....

New York exhibit honors Alvin Ailey's dance legacy — Dec 11th, 2024

A new exhibition at the Whitney Museum of American Art in New York spotlights the legacy of Alvin Ailey, the founder of the Alvin Ailey American Dance Theater and a pivotal figure in modern dance....

Panthers eye more road success in visit to Vancouver — Dec 12th, 2024

The Florida Panthers aim to extend their point streak to eight games when they visit the Vancouver Canucks on Thursday....

Indonesia's XL Axiata, Smartfren to merge, with $6.3 bln enterprise value, say sources — Dec 11th, 2024

Indonesian telcos XL Axiata , Smartfren Telecom and a unit of Smartfren are expected to announce a merger as early as Wednesday, two sources with direct knowledge of the matter said....

Swiss regulator orders Leonteq to disgorge 9.3 mln francs in profit — Dec 12th, 2024

Leonteq has been ordered to disgorge profits worth 9.3 million Swiss francs ($10.52 million), Switzerland's financial regulator said on Thursday, following a probe that found the investment services firm breached risk management obligations....

New York exhibit honors Alvin Ailey's dance legacy — Dec 11th, 2024

A new exhibition at the Whitney Museum of American Art in New York spotlights the legacy of Alvin Ailey, the founder of the Alvin Ailey American Dance Theater and a pivotal figure in modern dance....

EU's largest political group pushes to weaken combustion engine ban — Dec 10th, 2024

The centre-right European People's Party is mounting a campaign to weaken the EU's main policies for cutting CO2 emissions from cars, a draft position paper seen by Reuters showed....

Indonesia's XL Axiata, Smartfren to merge, with $6.3 bln enterprise value, say sources — Dec 11th, 2024

Indonesian telcos XL Axiata , Smartfren Telecom and a unit of Smartfren are expected to announce a merger as early as Wednesday, two sources with direct knowledge of the matter said....

Stocks settle in for nervous wait on US CPI — Dec 11th, 2024

Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a U.S. inflation reading expected to leave the Fed on course to cut rates again....

Family of Turkish-American woman killed by Israel to meet Blinken — Dec 11th, 2024

The family of a Turkish-American woman killed by Israel in the Israeli-occupied West Bank will meet U.S. Secretary of State Antony Blinken on Monday and call for an independent U.S.-led probe into her killing, the woman's sister told Reuters on Tuesday....

Government debt glut could rock markets in 2025, BIS says — Dec 10th, 2024

The threat of soaring government debt supply destabilising financial markets has intensified, the world's top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage....

India's opposition parties move to impeach Vice President Dhankhar — Dec 10th, 2024

Indian opposition parties moved on Tuesday to impeach Vice President Jagdeep Dhankhar, a spokesman said, accusing him of being partisan in his role as chairman of parliament's upper house, in a first such move in the country's history....

UK regulator proposes reforms as household energy debts hit $5 billion — Dec 12th, 2024

Britain's energy regulator Ofgem has proposed reforming how companies deal with customers who owe money and said they should offer tariffs free of some charges as household energy debts hit almost 4 billion pounds ($5.1 billion)....

New York exhibit honors Alvin Ailey's dance legacy — Dec 11th, 2024

A new exhibition at the Whitney Museum of American Art in New York spotlights the legacy of Alvin Ailey, the founder of the Alvin Ailey American Dance Theater and a pivotal figure in modern dance....

Phillips 66 teams with NextEra to power California refinery with solar energy — Dec 10th, 2024

Phillips 66 will power its refinery in Rodeo, California, with a new solar facility owned and operated by electrical utility NextEra Energy , the refiner said on Tuesday....

Family of Turkish-American woman killed by Israel to meet Blinken — Dec 11th, 2024

The family of a Turkish-American woman killed by Israel in the Israeli-occupied West Bank will meet U.S. Secretary of State Antony Blinken on Monday and call for an independent U.S.-led probe into her killing, the woman's sister told Reuters on Tuesday....

US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says — Dec 10th, 2024

U.S. net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said on Tuesday, pointing to higher U.S. production and lower refinery demand....

Britain's INEOS and partners to invest in CO2 storage off Denmark — Dec 10th, 2024

Chemicals group INEOS has taken a final investment decision with partners to build a CO2 storage project off Denmark, potentially the first such EU project to start operations, the firm owned by British billionaire Jim Ratcliffe said on Tuesday....

JPMorgan Chase expects investment banking fees to be up by 45% in Q4 — Dec 10th, 2024

JPMorgan Chase investment banking fees are expected to rise by 45% in the fourth quarter over a year ago, Marianne Lake, the bank's CEO of consumer and community banking, said on Tuesday....

Ina Invest says merger talks with Cham advanced — Dec 12th, 2024

Swiss real estate company Ina Invest said on Thursday its merger talks with peer Cham Group are now advanced and could be approved by shareholders in late March....

Japan's ruling camp yields to opposition demand for hike in tax exemptions — Dec 11th, 2024

Japan's minority ruling coalition on Wednesday gave into a key opposition party's demand to increase tax exemptions for some households, a move that may underpin consumption but strain the country's already tattered finances....

Lonza to exit capsules and health ingredients business, focus on contract development — Dec 12th, 2024

Lonza said on Thursday it plans to exit the capsules and health ingredients business, as the Swiss contract drugmaker faced a decline in demand for pharmaceutical supplies that had surged during the pandemic but has since dropped....

Latino security expert Nate Snyder joins race to be Democratic party chair — Dec 10th, 2024

Nate Snyder, a former U.S. Department of Homeland Security official, joined the growing race on Tuesday to run the Democratic party, pledging to win back the working class after extensive November election losses....

Phillips 66 teams with NextEra to power California refinery with solar energy — Dec 10th, 2024

Phillips 66 will power its refinery in Rodeo, California, with a new solar facility owned and operated by electrical utility NextEra Energy , the refiner said on Tuesday....

Biden pushes new Russia, Iran, Korea, China effort before Trump term — Dec 11th, 2024

President Joe Biden is pushing U.S. national security agencies ahead of Donald Trump's inauguration to devise new strategies to tackle the risky, deepening ties among Russia, Iran, North Korea and China, according to U.S. officials....

Switzerland reports $112 mln in frozen Syrian assets — Dec 11th, 2024

There are currently 99 million Swiss francs ($112 million) worth of frozen Syrian assets in Switzerland, most of which have been blocked for years, the Swiss government said on Wednesday....

US approves $300 mln potential sale of maintenance equipment to Kuwait — Dec 10th, 2024

The U.S. State Department has approved the potential sale of vehicle maintenance equipment to Kuwait for an estimated $300 million, the Pentagon said in a statement on Tuesday....

Baycurrent Inc. named title sponsor of PGA Tour's Japan event — Dec 11th, 2024

The PGA Tour and Baycurrent Inc. announced a multi-year agreement on Wednesday that positions the Tokyo-based consulting firm as the title sponsor of the reimagined Baycurrent Classic in Japan....

US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says — Dec 10th, 2024

U.S. net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said on Tuesday, pointing to higher U.S. production and lower refinery demand....

Health care execs seek to better understand patient outrage after UnitedHealthcare killing — Dec 11th, 2024

Health care companies are taking a step back to better understand patients' experiences after a powerful U.S. health insurance executive was murdered last week, executives from drugmaker Pfizer and Amazon.com said at a panel at the Reuters NEXT conference in New York on Wednesday....

Britain's INEOS and partners to invest in CO2 storage off Denmark — Dec 10th, 2024

Chemicals group INEOS has taken a final investment decision with partners to build a CO2 storage project off Denmark, potentially the first such EU project to start operations, the firm owned by British billionaire Jim Ratcliffe said on Tuesday....

Government debt glut could rock markets in 2025, BIS says — Dec 10th, 2024

The threat of soaring government debt supply destabilising financial markets has intensified, the world's top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage....

Papua New Guinea rugby league team to enter Australia's top league in 2028 — Dec 12th, 2024

Australia will provide its northern neighbour Papua New Guinea with A$600 million ($382.80 million) over 10 years to support the Pacific Islands nation entering Australia's national rugby league competition, leaders of the two countries said on Thursday....

US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says — Dec 10th, 2024

U.S. net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said on Tuesday, pointing to higher U.S. production and lower refinery demand....

Thai cabinet approves draft law on global minimum corporate tax, sources say — Dec 11th, 2024

Thailand's cabinet on Wednesday approved draft legislation to implement a global minimum corporate tax of 15% on multinational enterprises, according to two sources with direct knowledge of the matter....

Family of Turkish-American woman killed by Israel to meet Blinken — Dec 11th, 2024

The family of a Turkish-American woman killed by Israel in the Israeli-occupied West Bank will meet U.S. Secretary of State Antony Blinken on Monday and call for an independent U.S.-led probe into her killing, the woman's sister told Reuters on Tuesday....

Czech parliament cuts aid for solar industry, investors threaten action — Dec 11th, 2024

The Czech lower house of parliament approved changes in rules for state aid to solar power plants on Wednesday that may reduce support for some projects, drawing criticism from industry representatives who said they violated government commitments....

Latino security expert Nate Snyder joins race to be Democratic party chair — Dec 10th, 2024

Nate Snyder, a former U.S. Department of Homeland Security official, joined the growing race on Tuesday to run the Democratic party, pledging to win back the working class after extensive November election losses....