(Corrects spelling to ‘Hafiz’ from ‘Hafeez’ in headline and first paragraph) (Reuters) – India has formally requested Pakistan to extradite Hafiz Saeed, suspected of involvement in the 2008 attacks on Mumbai, for trial in India, foreign ministry spokesperson Arindam Bagchi told reporters in a briefing on Friday. “We have conveyed a request along with relevant …
By Nicole Jao NEW YORK (Reuters) -Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents …
Oil prices shed 10% in 2023 as supply, demand concerns weigh Read More »
By Lawrence Delevingne and Alun John (Reuters) -Global shares pulled back on the last trading day of the year but notched their biggest annual rise since 2019, while U.S. Treasuries finished the year broadly where they started after major swings for the benchmark in 2023. Shares around the world have risen sharply in the last …
Shares dip to cap stellar year; Treasuries end volatile 2023 flat Read More »
By Yew Lun Tian and Laurie Chen BEIJING (Reuters) – China named former Navy chief Dong Jun as its new defence minister on Friday to replace the last minister who disappeared from public view four months ago. The appointment by Chinese lawmakers comes as President Xi Jinping upgrades the military as part of his push …
Chinese ex-Navy chief, with South China Sea background, named defence minister Read More »
By Davide Barbuscia NEW YORK (Reuters) -As bonds emerge from a historic selloff, some investors expect better times in the U.S. fixed income market next year – as long as the Federal Reserve’s rate cuts play out as anticipated. A fourth-quarter rally saved bonds from an unprecedented third straight annual loss in 2023, following the …
US bond bulls look to 2024 Fed pivot to sustain searing rally Read More »
By Karen Brettell and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will …
FRANKFURT (Reuters) – Accountancy firm EY is facing a new lawsuit claiming 1.5 billion euros ($1.66 billion) in damages over its role in auditing Wirecard’s books before the German payments company collapsed in 2020. The suit was filed by Wirecard’s insolvency manager Michael Jaffe in a court in Stuttgart, a court spokesperson said on Friday. …
Wirecard lawsuit against EY claims 1.5 billion euros in damages Read More »
By Deep Kaushik Vakil (Reuters) – Gold prices traded around steady on Friday as they headed towards the end of their best year since 2020 at levels comfortably above $2,000 an ounce, buoyed by hopes the U.S. Federal Reserve could cut interest rates as early as March. Spot gold steadied at $2,062.19 per ounce by …
Gold sits above $2,000 on track for best year since 2020 Read More »
(Reuters) – The former leader of a Hong Kong pro-independence group says he received up to HK$3,000 ($384) from security officers per meeting to become an informant when he was released from jail in June, before he fled to Britain and sought political asylum. In November 2021, Tony Chung, who was then 20, was sentenced …
Hong Kong exiled activist says he was paid by authorities to be informant Read More »
By Abraham Achirga ABUJA (Reuters) – Nigerian Catholic couple Jane and Lucy have little hope their local parish church will bless their same-sex union anytime soon, as conservative priests across Africa choose to ignore a landmark Vatican ruling allowing such blessings. Conservative Catholics have condemned the Vatican’s declaration two weeks ago, which was approved by …
In Nigeria and much of Africa, Catholic same-sex couples see no blessings soon Read More »
