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US bond investors brace for ‘hawkish cut,’ spurn long-term bonds

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors, expecting the Federal Reserve to cut interest rates by a quarter of a percentage point on Wednesday, are bracing for the central bank to scale back its easing in 2025 in anticipation of higher inflation under the Trump administration. Market players are staying out of longer-dated Treasuries …

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Indian shares slump on caution before Fed meeting

By Hritam Mukherjee and Kashish Tandon (Reuters) -Indian shares slipped on Tuesday, on across-the-board selling as investors braced for the Federal Reserve’s monetary policy meeting for clues on its rate cut path next year. The NSE Nifty 50 fell 1.35% to 24,336 points as of 3:30 p.m. IST, while the BSE Sensex declined 1.3% to …

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Mayotte authorities fear hunger, disease after cyclone; death toll rises in Mozambique

By Jean-Stéphane Brosse and Abdou Moustoifa PARIS/MORONI (Reuters) -Authorities in Mayotte were racing on Tuesday to stop hunger, disease and lawlessness from spreading in the French overseas territory after the weekend’s devastating cyclone, while Mozambique reported dozens of deaths from the storm. Hundreds or even thousands could be dead in Mayotte, which took the strongest …

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German business sentiment tumbles in December amid ‘chronic’ weakness

By Rachel More BERLIN (Reuters) -German business morale worsened more than expected in December, a survey showed on Tuesday, weighed down by companies’ pessimistic assessment of the coming months amid geopolitical uncertainty and an industrial slump in Europe’s largest economy. The Ifo institute said its business climate index decreased to 84.7 in December from a …

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Drugmaker Indivior’s finance chief Preblick to step down from board

(Reuters) – Indivior said on Tuesday its finance chief Ryan Preblick will step down as a director as the British drugmaker makes changes to its board following pressure from no.2 shareholder Oaktree Capital. The maker of opioid addiction treatment Sublocade also appointed Robert Schriesheim and Joe Ciaffoni as independent non-executive directors, and said it has …

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Barclays loses challenge to motor finance ruling as UK watchdog’s redress scheme looms

LONDON (Reuters) -Barclays on Tuesday lost its bid to overturn a key ruling on motor finance commission, in a case likely to affect a potential multibillion pound consumer redress scheme from Britain’s finance watchdog. The case comes as the Financial Conduct Authority (FCA) mulls a redress scheme and after London’s Court of Appeal ruled it …

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UK’s Bunzl says lower prices will hit 2024 profit, shares plunge

(Reuters) -British business supplies distributor Bunzl on Tuesday said that low prices, especially in continental Europe, would have a “slight impact” on its annual profit, sending its shares down more than 5%. Bunzl has been balancing sales declines in the U.S., a key market, by raising prices for daily-use items such as stationery and food …

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ECB imposes extra capital charge on 13 banks over leverage risk

FRANKFURT (Reuters) -The European Central Bank imposed additional capital charges on 13 euro zone banks this year, judging that they might be taking on more risk than they can absorb. This “add-on” to the banks’ leverage ratio requirement, which measures a bank’s core capital as a percentage of its total assets, was applied to more …

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Japan targets 40-50% power supply from renewables by 2040

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan wants renewable energy to account for up to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a clean energy push while meeting rising power demand. …

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South Korean authorities fail to raid presidential office again, Yonhap says

By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korean investigators probing President Yoon Suk Yeol’s short-lived martial law declaration failed to gain entry to his office to seek evidence on Tuesday after presidential office security staff denied them entry, Yonhap news agency reported. Yoon was impeached on Saturday over his martial law decree and …

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