UAE non-oil business activity growth holds steady in November, PMI shows — Dec 6th, 2024

Growth in the United Arab Emirates' non-oil private sector activity held steady in November, while improved demand conditions boosted growth in new business, a survey showed on Friday....

India's fx reserves halt eight-week losing streak, come off 5-month lows — Dec 6th, 2024

India's foreign exchange reserves rose for the first time in nine weeks and stood at $658.09 billion as of Nov. 29, coming off five-month lows, data from the Reserve Bank of India showed on Friday....

South Africa's Nedbank 10-month profit growth above mid-single digits — Dec 10th, 2024

South African lender Nedbank Group said on Tuesday that its 10-month performance reflected headline earnings growth above mid-single digits, driven by a decline in credit impairments and strong non-interest revenue growth....

US drillers add oil and gas rigs for first time in 8 weeks -Baker Hughes — Dec 6th, 2024

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday....

BP, JERA to combine offshore wind operations in joint venture — Dec 9th, 2024

BP and Japanese power generator JERA have agreed to form a standalone joint venture combining their offshore wind operations, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables....

UAE non-oil business activity growth holds steady in November, PMI shows — Dec 6th, 2024

Growth in the United Arab Emirates' non-oil private sector activity held steady in November, while improved demand conditions boosted growth in new business, a survey showed on Friday....

Biden plans to block Nippon Steel purchase of U.S. Steel, Bloomberg News reports — Dec 10th, 2024

U.S. President Joe Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national security grounds once the $15 billion deal is referred back to him later this month, Bloomberg News reported on Tuesday, citing people familiar with the matter....

Global equity funds see robust inflows as investors bet on growth, ignore political turmoil — Dec 6th, 2024

Global equity funds saw a notable rise in inflows in the week through Dec. 4, driven by a record-setting rally fueled by strong U.S. economic growth prospects and optimism about tech stocks, despite political turmoil in France and South Korea....

Rupee slips to record low pressured by NDF dollar bids, RBI likely steps in — Dec 11th, 2024

The Indian rupee weakened to its all-time low on Wednesday, pressured by heightened dollar bids in the non-deliverable forwards market, while likely intervention by the Reserve Bank of India helped limit losses, traders said....

Siga's mpox drug did not improve lesion resolution or pain, NIH study finds — Dec 10th, 2024

Siga Technologies' antiviral drug did not reduce the time to lesion resolution or have an effect on pain among adults affected by the clade II strain of mpox, according to a U.S. National Institutes of Health study published on Tuesday....

Rupee gains, tracking most Asian peers ahead of cenbank policy decision — Dec 6th, 2024

The Indian rupee strengthened on Friday, tracking a rise in most regional peers that were boosted by a softer U.S. dollar, while traders await the Reserve Bank of India's (RBI) monetary policy decision....

Oumar Ballo shines as Indiana pulls away from Miami (Ohio) — Dec 7th, 2024

Oumar Ballo stuffed the stat sheet Friday night for 14 points, 18 rebounds and six assists as Indiana pulled away in the final 10 minutes for a 76-57 nonconference win over Miami (Ohio) in Bloomington, Ind....

Exclusive: Varo Energy in talks to buy Preem's Swedish refineries, sources say — Dec 6th, 2024

European energy firm Varo Energy is in talks to acquire Preem's two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters....

Rupee ends higher as cenbank holds rates but logs fifth straight weekly fall — Dec 6th, 2024

The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank kept policy rates unchanged but cut banks' cash reserve ratio, effectively easing monetary conditions amid slowing economic growth....

Canadian dollar slides as jobs data boosts jumbo rate cut bets — Dec 6th, 2024

The Canadian dollar weakened against its U.S. counterpart on Friday, approaching a recent 4-1/2-year low, as a jump in Canada's unemployment rate bolstered expectations for another outsized interest rate cut next week from the Bank of Canada....

UAE non-oil business activity growth holds steady in November, PMI shows — Dec 6th, 2024

Growth in the United Arab Emirates' non-oil private sector activity held steady in November, while improved demand conditions boosted growth in new business, a survey showed on Friday....

Oumar Ballo shines as Indiana pulls away from Miami (Ohio) — Dec 7th, 2024

Oumar Ballo stuffed the stat sheet Friday night for 14 points, 18 rebounds and six assists as Indiana pulled away in the final 10 minutes for a 76-57 nonconference win over Miami (Ohio) in Bloomington, Ind....

Rupee ends higher as cenbank holds rates but logs fifth straight weekly fall — Dec 6th, 2024

The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank kept policy rates unchanged but cut banks' cash reserve ratio, effectively easing monetary conditions amid slowing economic growth....

Rupee ends higher as cenbank holds rates but logs fifth straight weekly fall — Dec 6th, 2024

The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank kept policy rates unchanged but cut banks' cash reserve ratio, effectively easing monetary conditions amid slowing economic growth....

UAE non-oil business activity growth holds steady in November, PMI shows — Dec 6th, 2024

Growth in the United Arab Emirates' non-oil private sector activity held steady in November, while improved demand conditions boosted growth in new business, a survey showed on Friday....

Google invests in Intersect Power in over $800 mln funding round amid AI race — Dec 10th, 2024

Alphabet's Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part more than $800 million funding round, the company said on Tuesday....

US drillers add oil and gas rigs for first time in 8 weeks -Baker Hughes — Dec 6th, 2024

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday....

India's fx reserves halt eight-week losing streak, come off 5-month lows — Dec 6th, 2024

India's foreign exchange reserves rose for the first time in nine weeks and stood at $658.09 billion as of Nov. 29, coming off five-month lows, data from the Reserve Bank of India showed on Friday....

Exclusive: Varo Energy in talks to buy Preem's Swedish refineries, sources say — Dec 6th, 2024

European energy firm Varo Energy is in talks to acquire Preem's two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters....

Oumar Ballo shines as Indiana pulls away from Miami (Ohio) — Dec 7th, 2024

Oumar Ballo stuffed the stat sheet Friday night for 14 points, 18 rebounds and six assists as Indiana pulled away in the final 10 minutes for a 76-57 nonconference win over Miami (Ohio) in Bloomington, Ind....

Morning Bid: Dollar reasserts strength, China fillip fades — Dec 10th, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan...

Fed's Hammack says time to slow rate cuts may have arrived — Dec 6th, 2024

In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as broader economic conditions continue to argue for a slowdown in the pace of rate cuts....

Exclusive: Varo Energy in talks to buy Preem's Swedish refineries, sources say — Dec 6th, 2024

European energy firm Varo Energy is in talks to acquire Preem's two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters....

Exclusive: Varo Energy in talks to buy Preem's Swedish refineries, sources say — Dec 6th, 2024

European energy firm Varo Energy is in talks to acquire Preem's two Swedish refineries in a bet on growing demand for low-carbon biofuels, four industry sources told Reuters....

Rupee gains, tracking most Asian peers ahead of cenbank policy decision — Dec 6th, 2024

The Indian rupee strengthened on Friday, tracking a rise in most regional peers that were boosted by a softer U.S. dollar, while traders await the Reserve Bank of India's (RBI) monetary policy decision....

Oumar Ballo shines as Indiana pulls away from Miami (Ohio) — Dec 7th, 2024

Oumar Ballo stuffed the stat sheet Friday night for 14 points, 18 rebounds and six assists as Indiana pulled away in the final 10 minutes for a 76-57 nonconference win over Miami (Ohio) in Bloomington, Ind....

China's Fosun Tourism to go private by buying back shares — Dec 10th, 2024

China's Fosun Tourism is proposing to buy back the shares not owned by its controlling shareholder, in a bid to take itself private and address concerns about the limited liquidity of its stock....

South Korean broadcaster targeted by martial law feared for his life — Dec 10th, 2024

Veteran South Korean broadcaster Kim Ou-joon said he left home and went into hiding minutes after President Yoon Suk Yeol declared martial law last week in a televised announcement....

Canadian dollar slides as jobs data boosts jumbo rate cut bets — Dec 6th, 2024

The Canadian dollar weakened against its U.S. counterpart on Friday, approaching a recent 4-1/2-year low, as a jump in Canada's unemployment rate bolstered expectations for another outsized interest rate cut next week from the Bank of Canada....

India's fx reserves halt eight-week losing streak, come off 5-month lows — Dec 6th, 2024

India's foreign exchange reserves rose for the first time in nine weeks and stood at $658.09 billion as of Nov. 29, coming off five-month lows, data from the Reserve Bank of India showed on Friday....

Gold touches two-week peak; US inflation data in focus — Dec 11th, 2024

Gold prices scaled a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the U.S. Federal Reserve next week, and ahead of the closely watched U.S. inflation report later in the day....

Fed's Hammack says time to slow rate cuts may have arrived — Dec 6th, 2024

In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as broader economic conditions continue to argue for a slowdown in the pace of rate cuts....

Global equity funds see robust inflows as investors bet on growth, ignore political turmoil — Dec 6th, 2024

Global equity funds saw a notable rise in inflows in the week through Dec. 4, driven by a record-setting rally fueled by strong U.S. economic growth prospects and optimism about tech stocks, despite political turmoil in France and South Korea....

Blackstone sees private equity North America exit volumes doubling next year — Dec 10th, 2024

Alternative asset manager Blackstone expects exit volumes in its North America private equity business to double in 2025, driven by expectations of increased IPOs, and M&As activity, as inflation eases and deal flow rebounds from a low base, a top executive told Reuters on Tuesday....

BP, JERA to combine offshore wind operations in joint venture — Dec 9th, 2024

BP and Japanese power generator JERA have agreed to form a standalone joint venture combining their offshore wind operations, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables....

US drillers add oil and gas rigs for first time in 8 weeks -Baker Hughes — Dec 6th, 2024

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday....

Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January: Reuters poll — Dec 10th, 2024

The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising inflation risks....

Fed's Hammack says time to slow rate cuts may have arrived — Dec 6th, 2024

In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as broader economic conditions continue to argue for a slowdown in the pace of rate cuts....

Oumar Ballo shines as Indiana pulls away from Miami (Ohio) — Dec 7th, 2024

Oumar Ballo stuffed the stat sheet Friday night for 14 points, 18 rebounds and six assists as Indiana pulled away in the final 10 minutes for a 76-57 nonconference win over Miami (Ohio) in Bloomington, Ind....

Rupee ends higher as cenbank holds rates but logs fifth straight weekly fall — Dec 6th, 2024

The Indian rupee strengthened on Friday on the back of a softer dollar and after the Indian central bank kept policy rates unchanged but cut banks' cash reserve ratio, effectively easing monetary conditions amid slowing economic growth....

US drillers add oil and gas rigs for first time in 8 weeks -Baker Hughes — Dec 6th, 2024

U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday....

Global equity funds see robust inflows as investors bet on growth, ignore political turmoil — Dec 6th, 2024

Global equity funds saw a notable rise in inflows in the week through Dec. 4, driven by a record-setting rally fueled by strong U.S. economic growth prospects and optimism about tech stocks, despite political turmoil in France and South Korea....

Rupee gains, tracking most Asian peers ahead of cenbank policy decision — Dec 6th, 2024

The Indian rupee strengthened on Friday, tracking a rise in most regional peers that were boosted by a softer U.S. dollar, while traders await the Reserve Bank of India's (RBI) monetary policy decision....

Canadian dollar slides as jobs data boosts jumbo rate cut bets — Dec 6th, 2024

The Canadian dollar weakened against its U.S. counterpart on Friday, approaching a recent 4-1/2-year low, as a jump in Canada's unemployment rate bolstered expectations for another outsized interest rate cut next week from the Bank of Canada....

Rupee gains, tracking most Asian peers ahead of cenbank policy decision — Dec 6th, 2024

The Indian rupee strengthened on Friday, tracking a rise in most regional peers that were boosted by a softer U.S. dollar, while traders await the Reserve Bank of India's (RBI) monetary policy decision....