Today: December 03, 2024
Today: December 03, 2024

Economy

Asia|Business|Economy|Political

Adani Power says no indication of Bangladesh reviewing power deal

By Krishna N.

December 02, 2024
Adani Power says no indication of Bangladesh reviewing power deal
Africa|Business|Economy|Finance

South African rand falls as markets process Trump's tariff threat

South Africa's rand fell on Monday after comments by U.S.

December 02, 2024
South African rand falls as markets process Trump's tariff threat
Business|Economy|Political|US|World

Top Russian banker says easing of tensions with West uncertain under Trump

The next U.S. administration may make an effort to ease tensions with Moscow but Western sanctions are unlikely to be lifted any time soon,

December 02, 2024
Top Russian banker says easing of tensions with West uncertain under Trump
Asia|Business|Economy|Political|World

Russia's VTB CEO says BRICS summit was a slap in the face for the West

A summit of the BRICS countries held in the Russian city of Kazan in October was a slap in the face for Western nations which imposed sanctions on Russia, the CEO of Russia's second

December 02, 2024
Russia's VTB CEO says BRICS summit was a slap in the face for the West
Business|Economy|Europe|Finance|Political

ECB's Lane says bank should focus on future risks for policy decisions, FT reports

The European Central Bank should make future monetary policy decisions based on upcoming risk rather than the latest economic data, ECB chief economist Philip Lane told the Financial Times

December 02, 2024
ECB's Lane says bank should focus on future risks for policy decisions, FT reports
Business|Economy|Europe|World

Russian factory activity expands marginally in November, PMI shows

Activity across Russia's manufacturing sector increased marginally in November, a business survey showed on Monday, thanks to fresh expansions in outputs and new orders even as work

December 02, 2024
Russian factory activity expands marginally in November, PMI shows
Business|Economy|Europe|Finance

Russia's VTB expects 2025 profit at 400 billion roubles

Russia's second largest lender VTB expects 2025 profit to be 400 billion roubles ($3.76 billion) next year, down from 550 billion this year, due to the central bank's tight monetary

December 02, 2024
Russia's VTB expects 2025 profit at 400 billion roubles
Business|Economy|Europe|Finance|World

Russia's VTB expects rouble to stabilise around 100/dollar, CEO says

The Russian rouble will stabilise at around 100 to the U.S. dollar after the period of volatility in the aftermath of U.S. sanctions on Russia's financial sector, CEO of Russia's

December 02, 2024
Russia's VTB expects rouble to stabilise around 100/dollar, CEO says
Business|Economy|Finance|World

Top Russian banker says sanctions-hit economy will slow in 2025

Russia's sanctions-hit, militarized economy is expected to slow next year and banks' profits will fall, while the benchmark interest rate may

December 02, 2024
Top Russian banker says sanctions-hit economy will slow in 2025
Business|Economy|Europe|Political|World

Russia's VTB does not expect Western sanctions to be lifted soon

Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia's second largest lender VTB Andrei Kostin told Reuters in

December 02, 2024
Russia's VTB does not expect Western sanctions to be lifted soon
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Rising tech stocks pull Wall Street to another record

Technology stocks pulled Wall Street to another record amid mixed trading

December 02, 2024
Stock market today: Rising tech stocks pull Wall Street to another record
Economy|Europe|Finance|Political|Stock Markets|US

Trump changes tune on strong dollar

A look at the day ahead in European and global markets from Wayne Cole The dollar is making the early running on Monday, retaking some of last week's losses helped in part by rare words of

December 02, 2024
Trump changes tune on strong dollar
Asia|Business|Economy|World

Indonesia, Canada sign comprehensive economic partnership

Indonesia and Canada on Monday signed a Comprehensive Economic Partnership Agreement (CEPA) that aims to strengthen economic ties between the two G20 members,

December 02, 2024
Indonesia, Canada sign comprehensive economic partnership
Economy|Election|Europe|Political

Irish centre-right parties seek coalition deal as Trump threat looms

Ireland's two large centre-right parties are set to begin their search for a coalition partner this week after Friday's election left them just

December 02, 2024
Irish centre-right parties seek coalition deal as Trump threat looms
Economy|Europe|Political|World

Putin approves record defense spending — a third of Russia’s budget

Putin approves record defense spending — a third of Russia’s budget

December 02, 2024
Putin approves record defense spending — a third of Russia’s budget
Business|Economy|Europe

Nine Volkswagen plants on strike as worker rift with management deepens

Workers at nine Volkswagen car and component plants across Germany started two-hour strikes on Monday, bringing assembly lines to a

December 02, 2024
Nine Volkswagen plants on strike as worker rift with management deepens
Africa|Business|Economy|Political|World

Thousands cheer Biden's arrival in Angola for his long-promised sub-Saharan Africa visit

President Joe Biden has arrived for his long-awaited first presidential visit to sub-Saharan Africa to the cheers of thousands in Angola

December 02, 2024
Thousands cheer Biden's arrival in Angola for his long-promised sub-Saharan Africa visit
Asia|Business|Economy

India factory growth softened in November on high inflationary pressures, PMI shows

India's factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher

December 02, 2024
India factory growth softened in November on high inflationary pressures, PMI shows
Asia|Business|Economy|Finance

China's yuan slides to 4-month low on tariff threats and mixed PMI data

The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index (PMI) data raised concern China's economy might need additional policy support.

December 02, 2024
China's yuan slides to 4-month low on tariff threats and mixed PMI data
Asia|Economy|Finance|World

Indonesia's headline inflation eases to 1.55% in Nov

Indonesia's annual inflation eased to 1.55% in November, official data showed on Monday, for the slowest rate since July 2021 amid lower

December 02, 2024
Indonesia's headline inflation eases to 1.55% in Nov
Economy|Environment|MidEast|Political|World

UN calls for $2.6 trillion investment to reverse land degradation

Restoring the world's degraded land and holding back its deserts will require at least $2.6 trillion in investment by the end of the decade, the U.N.

December 02, 2024
UN calls for $2.6 trillion investment to reverse land degradation
Asia|Business|Economy|Political

European factories struggled last month as China's perked up ahead of Trump tariffs

Manufacturing activity fell sharply across Europe last month and a further decline in demand dashed hopes for an imminent turnaround, whereas in China factories extended

December 02, 2024
European factories struggled last month as China's perked up ahead of Trump tariffs
Asia|Business|Economy|Finance|Stock Markets|US

World shares mixed, dollar advances amid improved U.S. manufacturing, French political drama

Stocks in the U.S. and Europe were mixed on Monday, while the dollar gained versus the euro, amid political turmoil in France and positive signals for the U.S.

December 02, 2024
World shares mixed, dollar advances amid improved U.S. manufacturing, French political drama
Australia|Business|Economy|Political|Technology

Proposed Australia law would fine Big Tech over digital competition

Australia proposed a law on Monday that could impose fines of up to A$50 million ($33 million) on global technology companies if they suppress competition and prevent consumers from

December 02, 2024
Proposed Australia law would fine Big Tech over digital competition
Australia|Business|Economy|Finance

Australia's central bank says risks from non-bank lenders limited

Australia's central bank said on Monday that risks from non-bank lenders in securitisation are limited as the labour market remained resilient, supporting households and businesses,

December 02, 2024
Australia's central bank says risks from non-bank lenders limited
Asia|Business|Economy

India home prices to rise 6.5% in 2025, driven by demand from wealthy: Reuters poll

Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising

December 02, 2024
India home prices to rise 6.5% in 2025, driven by demand from wealthy: Reuters poll
Asia|Business|Economy|Political

China's Nov factory activity growth hits 5-month high, Caixin PMI shows

China's factory activity expanded at the fastest pace in five months in November as new orders, including those from abroad, led to a solid rise in production, pushing

December 02, 2024
China's Nov factory activity growth hits 5-month high, Caixin PMI shows
Australia|Business|Economy|Science|Technology

Australia appoints Tesla chair Denholm to lead review on R&D performance

Australia appointed Tesla chair Robyn Denholm on Monday to lead a review of the country's research and development performance, in an attempt to improve economic

December 02, 2024
Australia appoints Tesla chair Denholm to lead review on R&D performance
Asia|Business|Economy|Finance|MidEast|Stock Markets|World

Oil steady, traders hopeful on China demand but worried about Fed

Oil prices were little changed on Monday, as hopes of stronger demand stemming from higher factory activity in China was largely offset by concerns that the U.S

December 02, 2024
Oil steady, traders hopeful on China demand but worried about Fed
Australia|Business|Economy

Australia's retail sales firm for 3 months as consumer mood brightens

Australian retail sales firmed for a third straight month in October as tax cuts flowed through to wage packets and consumers became more confident that interest rates

December 02, 2024
Australia's retail sales firm for 3 months as consumer mood brightens
Asia|Business|Economy

Bank of Korea to cut rates in Feb following Thursday's surprise move as economy wavers: Reuters poll

The Bank of Korea will take a pass in January but cut interest rates by a quarter-point in February following an unexpected reduction on Thursday to support a

December 02, 2024
Bank of Korea to cut rates in Feb following Thursday's surprise move as economy wavers: Reuters poll
Asia|Business|Economy

Japan's factory activity falls at fastest pace in 8 months, PMI shows

Japan's factory activity shrank at the fastest pace in eight months in November as soft demand prompted firms to trim production, a private-sector survey showed on Monday.

December 02, 2024
Japan's factory activity falls at fastest pace in 8 months, PMI shows
Asia|Business|Economy

Japan's Q3 capex accelerates, firms case for more rate hikes

Japanese corporate spending on plant and equipment accelerated in the third quarter, signalling solid domestic demand was underpinning the country's fragile

December 02, 2024
Japan's Q3 capex accelerates, firms case for more rate hikes
Business|Economy|Europe

UK business morale ticks lower but trading prospects healthy, Lloyds Bank says

British business confidence ticked downwards in November to a five-month low but remained healthy overall, with companies still feeling upbeat about their trading prospects, a survey from

December 02, 2024
UK business morale ticks lower but trading prospects healthy, Lloyds Bank says
Asia|Australia|Economy|Finance|Political|Stock Markets

Euro drops as French government crisis escalates

The euro faltered on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to

December 01, 2024
Euro drops as French government crisis escalates
Business|Economy|Europe|Political|World

World's top 100 defence groups boost arms sales by 4% in 2023, think tank SIPRI says

The world's 100 biggest defence equipment makers increased their arms sales by 4.2% in 2023 to $632 billion, fuelled by wars and regional tensions, a leading think-tank said on

December 01, 2024
World's top 100 defence groups boost arms sales by 4% in 2023, think tank SIPRI says
Asia|Business|Economy|Finance|Political|Stock Markets

Trump's BRICS warning shines light on emerging FX

A look at the day ahead in Asian markets. 

December 01, 2024
Trump's BRICS warning shines light on emerging FX
Australia|Business|Economy|Finance

New Zealand home prices to rise modestly in coming two years: Reuters poll

New Zealand home prices are forecast to rise around 5% in the next two years as lower interest rates boost demand again following a 19% correction

December 01, 2024
New Zealand home prices to rise modestly in coming two years: Reuters poll
Business|Economy|Europe

Stellantis CEO Carlos Tavares steps down

Stellantis CEO Carlos Tavares steps down

December 01, 2024
Stellantis CEO Carlos Tavares steps down
Business|Economy|US

Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot

December 01, 2024
Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales
Americas|Business|Economy|Political|World

Trudeau promised Trump tougher border controls, says top Canada official

Canadian Prime Minister Justin Trudeau promised President-elect Donald Trump that Canada would toughen controls over the long undefended joint border, a senior

December 01, 2024
Trudeau promised Trump tougher border controls, says top Canada official
Business|Economy|Fashion and Beauty|Lifestyle|US

Small Business Saturday sees support for Asheville shops post-Hurricane Helene

Small Business Saturday sees support for Asheville shops post-Hurricane Helene

December 01, 2024
Small Business Saturday sees support for Asheville shops post-Hurricane Helene
Business|Economy|Europe

Volkswagen’s woes mount as workers go on strike across Germany

Volkswagen’s woes mount as workers go on strike across Germany

December 01, 2024
Volkswagen’s woes mount as workers go on strike across Germany
Asia|Business|Economy|Political

Bangladesh wants to renegotiate Adani power deal unless court cancels

By Krishna N.

December 01, 2024
Bangladesh wants to renegotiate Adani power deal unless court cancels
Economy|MidEast|Political|World

Israeli strikes hit southern Lebanon, but tense ceasefire holds

Lebanon’s state-run National News Agency says Israeli jets have launched an airstrike over a southern Lebanese border village, while troops shelled other border towns and villages still under Israeli control

December 01, 2024
Israeli strikes hit southern Lebanon, but tense ceasefire holds
Business|Economy|Europe|Finance|Political

UBS capital requirements should be proportionate, minister says

Capital requirements set for UBS under new banking regulations should be "proportionate", as Switzerland attempts to strike a balance between financial sector competitiveness and

December 01, 2024
UBS capital requirements should be proportionate, minister says
Business|Economy|Environment|Lifestyle|US

Shoppers continue indulging in Black Friday sales, but mostly online

Shoppers continue indulging in Black Friday sales, but mostly online

December 01, 2024
Shoppers continue indulging in Black Friday sales, but mostly online
Economy|Entertainment|MidEast|Political|Sports|US

Start your week smart: FBI director, Trump’s tariffs, Syrian civil war, hostage video, lake-effect snow

Start your week smart: FBI director, Trump’s tariffs, Syrian civil war, hostage video, lake-effect snow

December 01, 2024
Start your week smart: FBI director, Trump’s tariffs, Syrian civil war, hostage video, lake-effect snow
Business|Economy|Europe

Volkswagen workers to go on warning strikes across Germany

Volkswagen workers will go on warning strikes on Monday at plants across Germany, labour union IG Metall said, marking the first large-scale walkouts at

December 01, 2024
Volkswagen workers to go on warning strikes across Germany
Business|Economy|Fashion and Beauty|Lifestyle|Technology

Shopping on Shein and Temu for holiday gifts? You're not the only one.

Ultra low-cost online retailers Temu and Shein are giving Western retailers a run for their money this holiday shopping season

December 01, 2024
Shopping on Shein and Temu for holiday gifts? You're not the only one.
Africa|Economy|Election|Finance|Political

Ghana risks government shutdown if no budget passed before election

Ghana's parliament is unlikely to pass a provisional budget before the Dec. 7 general election, former officials and experts say, which risks triggering

December 01, 2024
Ghana risks government shutdown if no budget passed before election
Asia|Business|Economy|Political

Indonesia to form a state revenue ministry, president's advisor says

Indonesia plans to form a state revenue ministry to improve revenue collection, Hashim Djojohadikusumo, brother and a close advisor of President Prabowo Subianto, said on Sunday,

December 01, 2024
Indonesia to form a state revenue ministry, president's advisor says
Economy|Europe|Finance|Political

French far right says government spurned budget talks

France's far right National Rally (RN) leaders said on Sunday that the government had rebuffed its calls for more budget concessions, raising the chances of a no

December 01, 2024
French far right says government spurned budget talks
Africa|Business|Economy|Political|World

Biden fulfilling promise to visit Africa as US looks to counter China’s deepening influence in region

Biden fulfilling promise to visit Africa as US looks to counter China’s deepening influence in region

December 01, 2024
Biden fulfilling promise to visit Africa as US looks to counter China’s deepening influence in region
Economy|Lifestyle|MidEast|Political|World

Another bleak Christmas in Bethlehem as Christian families quit West Bank

For a second year running, there is no Christmas cheer in Bethlehem, with tourists shunning the Palestinian city and many residents seeking a

December 01, 2024
Another bleak Christmas in Bethlehem as Christian families quit West Bank
Crime|Economy|Europe|Political|World

Putin signs off record Russian defense spending as top EU officials visit Kyiv

Russian President Vladimir Putin has approved budget plans, raising 2025 military spending to record levels as Moscow seeks to prevail in the war in Ukraine

December 01, 2024
Putin signs off record Russian defense spending as top EU officials visit Kyiv
Economy|Europe|Political|World

Russia's Putin approves military focused 2025-2027 budget

Russian President Vladimir Putin has approved a military focused budget for 2025-2027, a document published on the official legal acts website showed on Sunday.

December 01, 2024
Russia's Putin approves military focused 2025-2027 budget
Business|Economy|Finance|Political|US

Why Trump’s tariff plans could lead to higher interest rates

Why Trump’s tariff plans could lead to higher interest rates

December 01, 2024
Why Trump’s tariff plans could lead to higher interest rates
Asia|Business|Economy

China new home price rises accelerate in November, survey finds

Prices of new homes in China rose at a faster pace in November, a private survey showed on Sunday, as a string of policies may be lending

December 01, 2024
China new home price rises accelerate in November, survey finds
Business|Economy|Political|US|World

Trump threatens 100% tariff on BRICS countries if they pursue creating new currency

Trump threatens 100% tariff on BRICS countries if they pursue creating new currency

December 01, 2024
Trump threatens 100% tariff on BRICS countries if they pursue creating new currency
Business|Economy|US

Enten explains how Americans view tariffs

CNN senior data reporter Harry Enten breaks down how Americans feel about tariffs.

December 01, 2024
Enten explains how Americans view tariffs
Asia|Business|Economy|Political|World

South Korea export growth slows to 14-month low as US demand weakens

South Korea's export growth slowed for a fourth-straight month in November, to the weakest level in 14 months, as shipments to the United States and China fell amid tariff

December 01, 2024
South Korea export growth slows to 14-month low as US demand weakens
Economy|Election|Europe|Political

What happens after Romania's parliamentary election?

Romanians vote in a parliamentary election on Sunday, one week after an independent far-right candidate won the most votes in the first round of a presidential

December 01, 2024
What happens after Romania's parliamentary election?
Business|Economy|Europe|Finance|Political

UK business confidence lowest since COVID pandemic, IoD says

Britain's Institute of Directors said on Sunday that optimism among its members had fallen to the lowest since the onset of the COVID-19 pandemic, following tax

December 01, 2024
UK business confidence lowest since COVID pandemic, IoD says
Crime|Economy|Environment|Health|Political

British PM Starmer to set out detailed policy targets in week ahead

British Prime Minister Keir Starmer will set out more detailed policy targets in the coming week to achieve the government's five main goals, including in economic growth, healthcare

November 30, 2024
British PM Starmer to set out detailed policy targets in week ahead
Business|Economy|Political|US|World

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

President-elect Donald Trump is threatening 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar

November 30, 2024
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
Americas|Economy|Political|US

Trump discussed border, trade with Canada's Trudeau after pledging steep tariffs

U.S.

November 30, 2024
Trump discussed border, trade with Canada's Trudeau after pledging steep tariffs
Business|Economy|Political|US|World

Trump warns BRICS nations against replacing US dollar

U.S.

November 30, 2024
Trump warns BRICS nations against replacing US dollar
Americas|Economy|Election|Political|US|World

Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table

Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner

November 30, 2024
Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table
Business|Economy|Fashion and Beauty|Technology|US

US Black Friday spending at stores inches ahead as Americans spend more online

Black Friday spending in U.S. retail stores was muted this year in contrast to a more robust rise online, as bargain-hungry Americans skipped

November 30, 2024
US Black Friday spending at stores inches ahead as Americans spend more online
Economy|Election|Political|US

Latinos have become a new battleground frontier for political candidates

Latinos have become a new battleground frontier for political candidates

November 30, 2024
Latinos have become a new battleground frontier for political candidates
Economy|Election|Political|US

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

Republicans swept to power on Election Day and now control the House, the Senate and the White House, with plans for an ambitious 100-day agenda come January

November 30, 2024
Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
Americas|Economy|Health|Political|World

Argentina HIV patients, medics fear impact of Milei's spending cuts

Argentines living with HIV/AIDS and medics say spending cuts under libertarian President Javier Milei are hurting treatment of the illness and could

November 30, 2024
Argentina HIV patients, medics fear impact of Milei's spending cuts
Business|Economy|Europe

SNB chairman says Swiss industry feeling German weakness

The current weakness in German industry is sapping demand in Switzerland's manufacturing sector, Swiss National Bank Chairman Martin Schlegel said on Saturday.

November 30, 2024
SNB chairman says Swiss industry feeling German weakness
Asia|Business|Economy|Europe|World

India, Italy discuss collaboration on port infrastructure, shipbuilding, Bloomberg reports

Italy is in talks with India to enhance collaboration on port infrastructure and the shipbuilding and yacht manufacturing sectors, Bloomberg News reported on Saturday, citing Industry

November 30, 2024
India, Italy discuss collaboration on port infrastructure, shipbuilding, Bloomberg reports
Arts|Business|Celebrity|Economy|Entertainment

Magic can't save 'Harry Potter' star Rupert Grint from a $2.3 million tax bill

Former “Harry Potter” film actor Rupert Grint faces a 1.8 million-pound ($2.3 million) bill after he lost a legal battle with the tax authorities

November 30, 2024
Magic can't save 'Harry Potter' star Rupert Grint from a $2.3 million tax bill
Economy|Election|Europe|Political

Ireland's centre-right parties close in on re-election, likely to need new partner

Ireland's two large centre-right parties looked set to be returned to power after an election on Friday, but will likely need at least one smaller

November 30, 2024
Ireland's centre-right parties close in on re-election, likely to need new partner
Economy|Europe|Finance|Political

Facing far-right ultimatum, French finance minister says budget can still be improved

French Finance Minister Antoine Armand said on Saturday that the 2025 budget could still be improved, but stopped short of giving ground in a standoff with the far

November 30, 2024
Facing far-right ultimatum, French finance minister says budget can still be improved
Asia|Business|Economy|Finance|Stock Markets

Nissan CFO Stephen Ma to step down, Bloomberg News reports

Nissan Motor's CFO Stephen Ma is set to step down, Bloomberg News reported on Saturday, citing people familiar with the matter, weeks after the Japanese automaker issued a profit warning

November 30, 2024
Nissan CFO Stephen Ma to step down, Bloomberg News reports
Business|Economy|Finance|Food|Political

Trump’s tariffs could push up the price of your favorite beer (and tequila)

Trump’s tariffs could push up the price of your favorite beer (and tequila)

November 30, 2024
Trump’s tariffs could push up the price of your favorite beer (and tequila)
Economy|Food|MidEast|World

Lebanese fishermen hope ceasefire with Israel means normal life returning

The ceasefire between Israel and Hezbollah is bringing hope for normality back to many in southern Lebanon

November 30, 2024
Lebanese fishermen hope ceasefire with Israel means normal life returning
Economy|Election|Europe|Political

Iceland set for change of government as polls close in snap election

Iceland's centre-left Social Democrats looked on course to win the most votes when polls closed in a snap

November 30, 2024
Iceland set for change of government as polls close in snap election
Asia|Business|Economy|Finance|Political

China Nov factory activity expands for second month as Trump threats loom

China's factory activity expanded modestly for a second straight month in November, an official survey showed, adding to a string of recent data suggesting

November 30, 2024
China Nov factory activity expands for second month as Trump threats loom
Americas|Economy|Political|US

Canada PM Trudeau visits Florida to meet with Trump amid tariff threat

Canadian Prime Minister Justin Trudeau visited Donald Trump's Florida resort on Friday to meet with the U.S.

November 29, 2024
Canada PM Trudeau visits Florida to meet with Trump amid tariff threat
Americas|Business|Economy|Political|World

Peru Congress extends permit scheme for informal miners

Peru's Congress passed late on Friday passed an extension to a scheme allowing temporary permits to be given to small-scale informal miners, controversial due to accusations by

November 29, 2024
Peru Congress extends permit scheme for informal miners
Asia|Business|Economy|Finance

BOJ's Ueda says wage trends key to possible rate hikes, Nikkei reports

Bank of Japan Governor Kazuo Ueda said the next interest rate hikes are "nearing in the sense that economic data are on track," the Nikkei business daily reported on Saturday.

November 29, 2024
BOJ's Ueda says wage trends key to possible rate hikes, Nikkei reports
Americas|Business|Economy|Finance|Political

Brazil's Lula nominates Bradesco head trader as central bank monetary policy director

Brazilian President Luiz Inacio Lula da Silva nominated Nilton David, head trader at Bradesco bank, to serve as the next monetary policy director at the central

November 29, 2024
Brazil's Lula nominates Bradesco head trader as central bank monetary policy director
Americas|Business|Economy|Political|US

Canada says North American free trade partners should be fully aligned on China

Canada thinks the members of the U.S.-Mexico-Canada trade pact have a chance to produce a fully aligned policy on China, Finance Minister Chrystia Freeland said on Friday.

November 29, 2024
Canada says North American free trade partners should be fully aligned on China
Americas|Business|Economy

Chile's Codelco boosts copper output in final dash to meet 2024 target, sources say

Chilean state-run Codelco is making a late dash to rev up its copper production in a bid to hit 2024 targets, two sources and an internal

November 29, 2024
Chile's Codelco boosts copper output in final dash to meet 2024 target, sources say
Business|Economy|Technology

Online shoppers set Thanksgiving Day spending record after big discounts

Online shoppers set Thanksgiving Day spending record after big discounts

November 29, 2024
Online shoppers set Thanksgiving Day spending record after big discounts
Americas|Business|Economy|Political|Technology|World

Canadian news publishers sue OpenAI over alleged copyright infringement

A coalition of Canadian news publishers, including The Canadian Press, Torstar, Globe and Mail, Postmedia and CBC/Radio-Canada, has filed a lawsuit against OpenAI for using news content to train its ChatGPT generative artificial intelligence system

November 29, 2024
Canadian news publishers sue OpenAI over alleged copyright infringement
Americas|Economy|Political|US

Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat

Canadian Prime Minister Justin Trudeau has flown to Florida to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products

November 29, 2024
Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat
Asia|Business|Economy|Finance

BOJ's Ueda says rate hike timing 'approaching', Nikkei reports

Bank of Japan Governor Kazuo Ueda said the timing of the next interest rate hike was "approaching" as the economy was moving in line with

November 29, 2024
BOJ's Ueda says rate hike timing 'approaching', Nikkei reports
Americas|Business|Economy|Finance|Political

Brazil's finance minister, Congress leaders seek to calm markets on tax change concerns

Brazil's currency rebounded on Friday from record intraday lows after congressional leaders said they would put the brakes on government income tax

November 29, 2024
Brazil's finance minister, Congress leaders seek to calm markets on tax change concerns
Business|Economy|Europe|Finance|Political

Italy denies report on decree to counter UniCredit's takeover bid for BPM

The Italian Treasury on Friday denied drafting an emergency decree to counter UniCredit's takeover bid for smaller rival Banco BPM after the Financial Times reported Rome was considering

November 29, 2024
Italy denies report on decree to counter UniCredit's takeover bid for BPM
Economy|Finance|Political|World

The ruble's in a slump. For the Kremlin, that's a two-edged sword

Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other

November 29, 2024
The ruble's in a slump. For the Kremlin, that's a two-edged sword
Economy|Health|MidEast|Political|World

Women and children scavenge for food in Gaza, UN official says

Large groups of women and children are scavenging for food among mounds of trash in parts of the Gaza Strip, a U.N. official said on Friday following a visit to the

November 29, 2024
Women and children scavenge for food in Gaza, UN official says
Business|Economy|Europe|Technology

EU regulators scrap merger power aimed at killer acquisitions after court veto

EU antitrust regulators on Friday ditched a merger tool aimed at killer acquisitions two months after Europe's top court vetoed this expanded merger power which

November 29, 2024
EU regulators scrap merger power aimed at killer acquisitions after court veto
Business|Economy|Finance|Political

Canada's budget deficit for first six months of 2024/25 expands to C$13.01 billion

Canada's budget deficit for the first six months of the 2024-25 fiscal year jumped by more than a half to C$13.01 billion ($9.28 billion) as program expenses and debt

November 29, 2024
Canada's budget deficit for first six months of 2024/25 expands to C$13.01 billion
Americas|Economy

Colombia 12-month inflation through November seen at 5.13%: Reuters poll

Colombian inflation in November is forecast to have hit 0.20% versus the same month a year ago, mostly due to changing food prices, according to a Reuters poll

November 29, 2024
Colombia 12-month inflation through November seen at 5.13%: Reuters poll
Business|Economy|Europe

Volkswagen brushes off union's cost savings proposals

Volkswagen, under pressure by high costs and Chinese competition, brushed off union proposals for cost savings on Friday, just days ahead of planned walkouts meant to avoid

November 29, 2024
Volkswagen brushes off union's cost savings proposals
Business|Economy|Europe|Political

Relief for Portugal's minority government as parliament passes 2025 budget

Portugal's parliament on Friday gave final approval to the centre-right minority government's 2025 budget bill, which promises to lift

November 29, 2024
Relief for Portugal's minority government as parliament passes 2025 budget
Economy|Education|Finance|Political|US

Head of Ohio's teacher pension fund retires Sunday, saying fund is strong despite staff vacancies

The outgoing head of Ohio’s troubled teacher retirement system said she's leaving the fund in strong fiscal condition despite turmoil at the top that her successor will inherit

November 29, 2024
Head of Ohio's teacher pension fund retires Sunday, saying fund is strong despite staff vacancies
Business|Economy|Europe|Finance

Unwelcome in Germany, UniCredit CEO zeroes in on Italy

Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce

November 29, 2024
Unwelcome in Germany, UniCredit CEO zeroes in on Italy
Business|Economy|Finance|Stock Markets|US

Jobs data set to pave way for rates path, stocks

The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help

November 29, 2024
Jobs data set to pave way for rates path, stocks
Economy|MidEast|Political|World

'Everything is lost' in Lebanon rubble after ceasefire

In south Lebanon, Hezbollah's yellow flag fluttered atop a vast pile of rubble that was once part of Nabatieh's old market.

November 29, 2024
'Everything is lost' in Lebanon rubble after ceasefire
Americas|Business|Economy|Finance

Instant view: Canada's economy expands by 1% in the third quarter

Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data released on Friday, helped by household and government spending and partly

November 29, 2024
Instant view: Canada's economy expands by 1% in the third quarter
Asia|Business|Economy

China's Kaisa to hold shareholder meeting in December to discuss restructuring

China-based property developer Kaisa said on Friday it would hold an extraordinary general meeting of its shareholders on Dec. 18 to seek various approvals in relation to its $12.27 billion

November 29, 2024
China's Kaisa to hold shareholder meeting in December to discuss restructuring
Business|Economy|Europe|Finance|Food

Coffee prices at 47-year high on Brazil crop concerns

Coffee prices settled lower on Friday after hitting the highest in nearly half a century during the session, buoyed by tightening supplies as next year's crop in top grower Brazil struggles

November 29, 2024
Coffee prices at 47-year high on Brazil crop concerns
Business|Economy|Finance|Political|Stock Markets|US

US equity funds attract inflows for fourth successive week

U.S. investors poured money into equity funds in the week ended Nov. 27, buoyed by the naming of officials for the new Trump administration and a fall in Treasury yields, which alleviated

November 29, 2024
US equity funds attract inflows for fourth successive week
Africa|Business|Economy|Finance

Kenya's inflation edges up to 2.8% year on year in November

Kenya's inflation edged up to 2.8% year-on-year in November, from 2.7% a month earlier, the statistics office said on Friday.

November 29, 2024
Kenya's inflation edges up to 2.8% year on year in November
Business|Economy|Europe|Political|US

Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report

November 29, 2024
Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says
Business|Economy|Environment|Political|US

US sets tariffs for solar panels from Southeast Asian nations

U.S. trade officials announced on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are

November 29, 2024
US sets tariffs for solar panels from Southeast Asian nations
Business|Economy|Finance|Political|Stock Markets|US

Global equity funds draw ninth weekly inflow in a row

Global investors stepped up purchases in equity funds in the week ended Nov. 27, encouraged by prospects of robust U.S. growth under the Trump administration and boosted by cooling

November 29, 2024
Global equity funds draw ninth weekly inflow in a row
Americas|Business|Economy

Mexico's Bimbo files $1.4 billion lawsuit against Maple Leaf Foods

Mexico's Grupo Bimbo has filed a lawsuit against Maple Leaf Foods and former senior executives of the Canadian company, it said on Friday, seeking more than 2 billion Canadian dollars ($

November 29, 2024
Mexico's Bimbo files $1.4 billion lawsuit against Maple Leaf Foods
Business|Economy|Political|US|World

WTO chief Okonjo-Iweala reinstated for second term as trade wars loom

World Trade Organization chief Ngozi Okonjo-Iweala was reappointed for a second term at a special meeting on Friday, the trade watchdog said, meaning her tenure will

November 29, 2024
WTO chief Okonjo-Iweala reinstated for second term as trade wars loom
Americas|Business|Economy|Finance|Stock Markets

TSX climbs 'wall of worry' to gain 6.2% in November

Canada's main stock index extended its November gains on Friday, moving to a new record high, with technology and industrial shares rising as investors welcomed greater

November 29, 2024
TSX climbs 'wall of worry' to gain 6.2% in November
Business|Economy|Political|US|World

Okonjo-Iweala given 2nd term as WTO chief as Trump's return looms over trade body's future

The World Trade Organization chief says she’s “eager” to work with U.S. President-elect Donald Trump and his trade team, while taking a wait-and-see stance about Trump’s plans to impose new tariffs on goods from other countries including China, Mexico and Canada

November 29, 2024
Okonjo-Iweala given 2nd term as WTO chief as Trump's return looms over trade body's future
Business|Economy|Finance|Stock Markets|US

S&P 500, Dow close at record highs on tech, retail in focus

The S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by technology stocks

November 29, 2024
S&P 500, Dow close at record highs on tech, retail in focus
Americas|Business|Economy|Finance|Stock Markets

JPMorgan sees Latam company earnings rebounding 16% in 2025

After a disappointing 2024, Latin American companies are expected to see earnings rebound around 16% next year, JPMorgan calculations showed, with almost all countries except

November 29, 2024
JPMorgan sees Latam company earnings rebounding 16% in 2025
Business|Economy|Europe|Finance|MidEast|Political|Stock Markets|US

Bonds in vogue on Black Friday, yen pops

A look at the day ahead in U.S. and global markets from Mike Dolan While Americans have been feasting and preparing to shop, U.S.

November 29, 2024
Bonds in vogue on Black Friday, yen pops
Asia|Business|Economy|Finance

Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll

Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh support from an expected delay

November 29, 2024
Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll
Asia|Business|Economy|Technology

Thai investigation clears BYD over discounts, sources say

Thailand's consumer watchdog has cleared Chinese EV maker BYD of wrongdoing over its discount practices that have prompted

November 29, 2024
Thai investigation clears BYD over discounts, sources say
Business|Economy|Europe|Finance

BoE finds non-bank financial firms pose wider risks in crisis periods

Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able to access the funding they would need in such a

November 29, 2024
BoE finds non-bank financial firms pose wider risks in crisis periods
Asia|Business|Economy|Finance

India's economy slows sharply, adding pressure on central bank to cut rates

India's economic growth slowed much more than expected in the third quarter, hampered by weaker expansions in manufacturing and consumption,

November 29, 2024
India's economy slows sharply, adding pressure on central bank to cut rates
Business|Economy|Europe|Finance|Political

Bank of England warns of risks from rise in global trade barriers

The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation,

November 29, 2024
Bank of England warns of risks from rise in global trade barriers
Business|Economy|Finance|Political|World

Russia's economy will need to adapt to new US sanctions, economy minister says

The Russian rouble will strengthen when temporary speculative factors and market nervousness are gone, but the economy will need to adapt to new U.S. sanctions targeting the banking

November 29, 2024
Russia's economy will need to adapt to new US sanctions, economy minister says
Asia|Business|Economy|World

Amazon workers in India join Black Friday strike action for better wages and working conditions

Amazon staff in India have joined strike action calling for better wages

November 29, 2024
Amazon workers in India join Black Friday strike action for better wages and working conditions
Business|Economy|Europe|Finance

Euro zone inflation edges up; 'underlying' price growth steady

Euro zone inflation accelerated in November and its most closely watched components remained high, data showed on Friday, adding to the case for a more cautious European Central

November 29, 2024
Euro zone inflation edges up; 'underlying' price growth steady
Business|Economy|Europe|Finance

UK mortgage approvals rise to highest since August 2022

British lenders approved the most mortgages for house purchase since August 2022 last month but consumer credit growth slowed slightly to its weakest in nearly two years, Bank of

November 29, 2024
UK mortgage approvals rise to highest since August 2022
Asia|Business|Economy|Travel

Hong Kong October retail sales fall 2.9% y/y

Hong Kong's October retail sales fell 2.9% from a year earlier, reflecting a change in consumption patterns, government data showed on Friday.

November 29, 2024
Hong Kong October retail sales fall 2.9% y/y
Asia|Business|Economy|Finance

China central bank conducts 800 billion yuan of outright reverse repos in Nov

China's central bank said on Friday it conducted 800 billion yuan ($110.59 billion) of outright reverse repos in November.

November 29, 2024
China central bank conducts 800 billion yuan of outright reverse repos in Nov
Economy|Sports|World

F1 focus shifts in Qatar as McLaren, Ferrari and Red Bull fight for constructors' title

Max Verstappen won big in Las Vegas with his fourth world title but the fight for Formula 1’s biggest cash prize is hotting up this week in Qatar

November 29, 2024
F1 focus shifts in Qatar as McLaren, Ferrari and Red Bull fight for constructors' title
Asia|Business|Economy|Fashion and Beauty

Shiseido profit outlook squeezed by China downturn, president says

Japanese cosmetics maker Shiseido Co downgraded its profit outlook for the next two years on Friday, after a downturn in sales to Chinese consumers.

November 29, 2024
Shiseido profit outlook squeezed by China downturn, president says
Business|Economy|Europe|Finance

Euro zone consumers see inflation edge up slightly, ECB survey shows

Euro zone inflation expectations for the year ahead edged up slightly in October and stayed steady for three years out, the European Central Bank's monthly Consumer Expectations

November 29, 2024
Euro zone consumers see inflation edge up slightly, ECB survey shows
Business|Economy|Lifestyle|US

The Container Store could be the next big chain to go bankrupt

The Container Store could be the next big chain to go bankrupt

November 29, 2024
The Container Store could be the next big chain to go bankrupt
Business|Economy|Europe

German unemployment rises less than expected in November, labour office says

The number of people out of work in Germany rose less than expected in November, federal labour office figures showed on Friday.

November 29, 2024
German unemployment rises less than expected in November, labour office says
Economy|Europe|Finance|Political|Stock Markets

Not much calm, plenty of storm in store

Financial markets head into a December laden with uncertainty over geopolitics, global trade and economic growth, particularly in Europe, where France is in the cross-hairs over its budget.

November 29, 2024
Not much calm, plenty of storm in store
Asia|Business|Economy|Technology

Taiwan raises 2024 economic growth forecast, Trump tariffs may crimp 2025

Taiwan's trade-driven economy is expected to grow faster in 2024 than previously forecast thanks to the AI boom that has boosted demand for tech products

November 29, 2024
Taiwan raises 2024 economic growth forecast, Trump tariffs may crimp 2025
Economy|Europe|Finance|Political|Stock Markets

Tech surge propels STOXX 600 to near one-week high

Europe's STOXX 600 ended the week on a high note, bolstered by a rally in tech stocks, while investors analysed the euro

November 29, 2024
Tech surge propels STOXX 600 to near one-week high
Asia|Business|Economy|Political

Japan finalises $92 billion extra budget for fresh spending package

Japan's government finalised a $92 billion supplementary budget on Friday to shield households from rising living costs, which may underpin consumption but also

November 29, 2024
Japan finalises $92 billion extra budget for fresh spending package
Business|Economy|Europe|Finance

French preliminary inflation at 1.7% in November, in line with forecasts

French consumer prices grew in line with expectations in November, with lower food prices and higher service prices compared to last year, preliminary data from statistics agency INSEE

November 29, 2024
French preliminary inflation at 1.7% in November, in line with forecasts
Business|Economy|Europe

Volkswagen rejects union's proposals as clash with labour escalates

Volkswagen, under pressure from high costs and Chinese competition, rejected union proposals for cost savings on Friday, just days ahead of planned walkouts meant to avoid

November 29, 2024
Volkswagen rejects union's proposals as clash with labour escalates
Africa|Business|Economy|Election|Political

What are the key issues for investors in Ghana's election?

Ghanaians go to the polls on Dec. 7 to choose a new president and parliament in an election investors are watching closely to determine how the winner will steer

November 29, 2024
What are the key issues for investors in Ghana's election?
Asia|Business|Economy|Technology

India to expand EV manufacturing incentives after Tesla disappointment, source says

India plans to expand electric vehicle incentives to automakers building models at existing factories in the country, instead of limiting the benefits to automakers

November 29, 2024
India to expand EV manufacturing incentives after Tesla disappointment, source says
Business|Economy|Europe|Sports

French Q3 economic growth confirmed at 0.4% - INSEE

France's economy grew 0.4% in the third quarter of 2024, official data from the country's statistics office INSEE showed on Friday, driven by positive fallbacks from the Paris Olympics.

November 29, 2024
French Q3 economic growth confirmed at 0.4% - INSEE
Asia|Business|Economy

Thai economy improved in October on tourism, consumption and exports

Thailand's economy improved in October due to tourism, exports and private consumption, which was helped by the government's economic stimulus measures, the Bank of Thailand said

November 29, 2024
Thai economy improved in October on tourism, consumption and exports
Business|Economy|Europe|MidEast

Turkish economy grew 2.1% in Q3, less than expected, as policy weighs

Turkey's economy grew at a less than expected 2.1% in the third quarter as demand ebbed - especially in the services sector - under the weight of high interest rates, data showed

November 29, 2024
Turkish economy grew 2.1% in Q3, less than expected, as policy weighs
Business|Economy|Europe|Political

German defence minister seeks 4.7 billion euro deal to buy four submarines, sources say

German Defence Minister Boris Pistorius wants to purchase four submarines in a deal worth more than 4.7 billion euros ($5 billion) that will require parliamentary spending committee

November 29, 2024
German defence minister seeks 4.7 billion euro deal to buy four submarines, sources say
Africa|Economy|Environment|Political|World

South Africa takes G20 helm as polarisation complicates agenda

South Africa takes over the G20 presidency on Sunday, the first African country to lead the forum, though its focus on issues such as inclusive growth and

November 29, 2024
South Africa takes G20 helm as polarisation complicates agenda
Business|Economy|Europe

German retail sales fall more than expected in October

German retail sales fell more than expected in October, decreasing by 1.5% from the previous month, data showed on Friday.

November 29, 2024
German retail sales fall more than expected in October
Business|Economy|Lifestyle|US

Inflation worries drive bargain hunt among Black Friday shoppers

By Siddharth Cavale, Arriana McLymore and P.J.

November 29, 2024
Inflation worries drive bargain hunt among Black Friday shoppers
Economy|Europe|Finance|Political

Orban ally Varga to take over at Hungary's central bank as economy sags

Prime Minister Viktor Orban nominated Finance Minister Mihaly Varga as Hungary's next central bank governor on Friday, turning to an ally as

November 29, 2024
Orban ally Varga to take over at Hungary's central bank as economy sags
Australia|Economy|Health|Political|Technology

Australian social media ban started with call to act by politician's wife

Since Meta whistleblower Frances Haugen aired internal emails in 2021 showing the tech giant knew of social media's mental health impacts on teenagers, world leaders

November 29, 2024
Australian social media ban started with call to act by politician's wife
Asia|Business|Economy|Finance|Stock Markets

Logistics provider GLP is considering a Hong Kong listing in 2025, sources say

Logistics company GLP is considering a Hong Kong listing that could happen as early as next year, eight years after the Singapore-incorporated firm was taken private by an

November 29, 2024
Logistics provider GLP is considering a Hong Kong listing in 2025, sources say
Asia|Economy|Election|Political|World

Embattled Japan leader vows to cooperate with long-ignored opposition in bid to save his government

Japan’s embattled Prime Minister Shigeru Ishiba, who survived as leader after a major election loss by his governing coalition, is promising to work closely with the long-ignored opposition that is now the only way his minority government can stay in power

November 29, 2024
Embattled Japan leader vows to cooperate with long-ignored opposition in bid to save his government
Americas|Business|Economy

Hot Wheels, G.I. Joes aplenty on Shein, Temu amid worry over fake products

Fast-growing specialty e-commerce sites such as PDD's Temu and its rival Shein are branching deeper into the business of

November 29, 2024
Hot Wheels, G.I. Joes aplenty on Shein, Temu amid worry over fake products
Asia|Business|Economy|Europe|Finance|Stock Markets

Yen bulls charge ahead after Tokyo inflation data

A look at the day ahead in European and global markets from Stella Qiu It was supposed to be a quiet post-Thanksgiving session in Asia but hotter-than-expected CPI readings for Tokyo emboldened

November 29, 2024
Yen bulls charge ahead after Tokyo inflation data
Asia|Business|Economy|Finance

Exclusive - HSBC pulling back from China credit card business after struggling to expand, sources say

HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable

November 29, 2024
Exclusive - HSBC pulling back from China credit card business after struggling to expand, sources say
Business|Economy|US

Retailers coax Black Friday shoppers into stores with big discounts and giveaways

Retailers in the U.S. have used giveaways and bigger-than expected discounts to reward shoppers who ventured out on Black Friday

November 29, 2024
Retailers coax Black Friday shoppers into stores with big discounts and giveaways
Business|Economy|Environment|Political|Technology|US

Donald Trump's call for 'energy dominance' is likely to run into real-world limits

Donald Trump is creating a National Energy Council that he says will establish U.S. “energy dominance” around the world

November 29, 2024
Donald Trump's call for 'energy dominance' is likely to run into real-world limits
Economy|MidEast|Political|World

Battered by war and divisions, Lebanon faces a long list of challenges after ceasefire deal

There's relief over a ceasefire deal between Israel and Hezbollah, but Lebanese are now facing the realization of the challenges that lie ahead

November 29, 2024
Battered by war and divisions, Lebanon faces a long list of challenges after ceasefire deal
Asia|Business|Economy|Travel

China resumes multiple-entry visas for Shenzhen travellers to Hong Kong

China has eased visa restrictions for Shenzhen residents visiting Hong Kong, allowing multiple entries into Hong Kong per year beginning from Dec. 1, Xinhua reported on Friday.

November 29, 2024
China resumes multiple-entry visas for Shenzhen travellers to Hong Kong
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: S&P 500 and Dow post gains and close out best month of 2024

Stocks closed with solid gains as Wall Street put the finishing touches on one of its best months of the year

November 29, 2024
Stock market today: S&P 500 and Dow post gains and close out best month of 2024
Australia|Economy|Election|Political

Australia's Albanese shifts to election mode, seeking trust on living costs

Australia's Prime Minister Anthony Albanese has pivoted to election mode, hoping to win back voter confidence that his government can tackle high living costs,

November 29, 2024
Australia's Albanese shifts to election mode, seeking trust on living costs
Asia|Business|Economy|Finance

China's Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports

Chinese property giant Dalian Wanda has told some investors it plans to establish a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion - $12.44 billion) to pay taxes and debt,

November 29, 2024
China's Wanda aims to create fund of up to $12.4 billion, Bloomberg News reports
Asia|Business|Economy|Political|World

China to extend tariff exemptions for some US products to 2025

China will extend tariff exemptions for the import of some U.S. products until Feb. 28, 2025, the Customs Tariff Commission of the State Council said on Friday.

November 29, 2024
China to extend tariff exemptions for some US products to 2025
Asia|Business|Economy|Political|World

Taiwan says disappointed Trans-Pacific trade pact not considering its membership

Taiwan's government expressed disappointment on Friday that members of a Trans-Pacific trade pact had not set up a working group to consider its membership, saying there should not

November 29, 2024
Taiwan says disappointed Trans-Pacific trade pact not considering its membership
Business|Economy|Finance|MidEast|World

Oil settles down as ease of supply risks drives weekly loss

Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the

November 29, 2024
Oil settles down as ease of supply risks drives weekly loss
Asia|Business|Economy

China's home prices set to stabilise by 2026 after slower falls - Reuters poll

China's home prices are expected to fall at a slower pace this year and next, and stabilise in 2026, a Reuters poll showed, as a slew of support

November 29, 2024
China's home prices set to stabilise by 2026 after slower falls - Reuters poll
Asia|Australia|Economy|Finance|Stock Markets|World

Stocks rally, dollar droops in abbreviated session

Global stock markets rallied on Friday, with Wall Street crowning November with its biggest monthly gain in a year on post-election growth

November 29, 2024
Stocks rally, dollar droops in abbreviated session
Americas|Economy|Political

Mexican senate passes proposal to abolish autonomous bodies

Mexico's Senate on Thursday passed a measure to abolish the autonomous bodies that regulate some economic sectors and ensure government transparency, a reform that has sparked

November 29, 2024
Mexican senate passes proposal to abolish autonomous bodies
Asia|Business|Economy|Finance|Stock Markets

Yen hits six-week high, dollar dips for month-end

The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of

November 29, 2024
Yen hits six-week high, dollar dips for month-end
Australia|Business|Economy|MidEast|Travel

Virgin Australia gets interim nod to start selling new Qatar routes

Virgin Australia can start selling tickets for new Qatar Airways-operated flights between Doha and four Australian capital cities following an interim approval by the country's competition

November 29, 2024
Virgin Australia gets interim nod to start selling new Qatar routes

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