By Lawrence Delevingne and Tom Wilson (Reuters) -World shares edged up on Thursday as expectations of interest rate cuts stretched a rally in U.S. stocks, while benchmark Treasury yields and the dollar lifted slightly from five-month lows. On Wall Street, the Dow Jones Industrial Average rose 0.14%, while the Nasdaq Composite and the S&P 500 …
Shares hold gains as rate cuts eyed for New Year Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar dipped against the Japanese yen on Thursday on expectations the Federal Reserve will cut interest rates next year, but rebounded from earlier losses against the euro in choppy trading. The greenback has declined as expectations of rate cuts have increased, notably after the Fed’s unexpectedly dovish stance …
Dollar falls against yen, gains on euro in choppy trading Read More »
By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions as Middle Eastern tensions stay elevated. The more active Brent crude futures for March delivery settled down $2.39, or 3%, at $77.15. Brent futures for …
Oil prices settle down 3% as Red Sea shipping disruptions ease Read More »
By Anjana Anil (Reuters) – Gold prices eased on Thursday, after hitting a more than three-week high earlier, as an uptick in the U.S. dollar and Treasury yields undermined the support from expectations of rate cuts by the Federal Reserve early next year. Spot gold lost 0.4% to $2,069.79 per ounce by 2:20 p.m. ET …
Gold eases after hitting 3-week high as dollar, US yields rise Read More »
By Jack Kim and Jimin Jung SEOUL (Reuters) – The head of the district police force that investigated South Korean actor Lee Sun-kyun over allegations of illegal drug use on Thursday defended the tough questioning of him before he was found dead. Incheon Metropolitan Police chief Kim Hui-jung told a news briefing the entire process …
South Korea police defend probe of ‘Parasite’ actor who was found dead Read More »
By Khushi Singh and Medha Singh (Reuters) -London shares ended little changed on Thursday, after mid-cap stocks eased from a 10-month high earlier in the session as an equities rally stalled in thin holiday trade. The domestically-focused FTSE 250 midcap index was flat after rising in the last two consecutive sessions. The blue-chip FTSE 100 …
BEIJING (Reuters) – A former Chinese central bank official has been sentenced to 16 years and six months in prison for taking bribes, leaking state secrets and insider trading as the ruling Communist Party tightens its grip on the financial sector. Sun Guofeng, former head of the bank’s monetary policy department, used his position to …
Former China central bank official jailed for 16 years for graft – Caixin Read More »
By Ruma Paul and Kanjyik Ghosh DHAKA (Reuters) -Bangladesh garment factories have fired hundreds of workers since protests in October demanding higher wages, three labour unions representing half a million workers told Reuters this week, while many others are on the run fearing arrest. Clashes during the protests, which ran alongside wider anti-government demonstrations by …
Bangladesh garment factories fire workers after protests, unions say Read More »
JAKARTA (Reuters) – Hundreds of workers in Indonesia’s nickel industry staged a peaceful rally on Wednesday to demand better standards of work safety, three days after a fire killed 19 employees. Labour groups threatened to strike if their demands were not met in full. So far, operations have not been affected at the Morowali industrial …
Hundreds of Indonesian nickel workers rally to press safety demands Read More »
By Phil Stewart, David Latona and Angelo Amante WASHINGTON/MADRID/ROME (Reuters) -U.S. President Joe Biden hoped to present a firm international response to Yemen’s Houthi attacks on Red Sea shipping by launching a new maritime force, but a week after its launch many allies don’t want to be associated with it, publicly, or at all. Two …
