By Georgina McCartney HOUSTON (Reuters) -Oil prices closed the first trading session of 2024 lower as expectations for interest rate cuts waned and on easing concerns that tensions in the Red Sea will disrupt supplies. Brent crude settled at $75.89, down by $1.15 or 1.5%. U.S. West Texas Intermediate crude settled at $70.38 a barrel, …
Oil prices settle lower to start 2024 as supply concerns ease Read More »
By Laila Bassam, Nidal al-Mughrabi and Arafat Barbakh BEIRUT/CAIRO/GAZA (Reuters) -Israel killed Hamas deputy leader Saleh al-Arouri in a drone strike in Lebanon’s capital Beirut on Tuesday, Lebanese and Palestinian security sources said, as its tanks and warplanes pummelled Gaza in further “high-intensity” warfare against the Islamist militant group in the enclave. Arouri, 57, was …
Israeli drone kills Hamas deputy leader in Beirut -Lebanese, Palestinian sources Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold entered 2024 under pressure from a jump in the U.S. dollar, but held its ground on expectations the Federal Reserve will cut interest rates this year and rising concerns over attacks on shipping in the Red Sea. Spot gold steadied at $2,061.59 per ounce on Tuesday by 2:30 …
Gold begins new year restrained by stronger dollar Read More »
By Abdi Sheikh and Abdiqani Hassan MOGADISHU (Reuters) -Somalia on Tuesday rejected a pact its breakaway region of Somaliland signed with Ethiopia allowing it to use a major port with access to the Red Sea in return for recognition as an independent state, saying the agreement had no legal force. Somalia, which views Somaliland as …
Somalia rejects port deal between Ethiopia and Somaliland Read More »
By Ju-min Park and Hyonhee Shin SEOUL (Reuters) -South Korean opposition Democratic Party leader Lee Jae-myung was stabbed in the neck on Tuesday by a man who lunged at him with a knife after asking for his autograph, officials said. Lee, 59, was rushed to hospital, where he underwent surgery to repair a major blood …
South Korea opposition chief stabbed in neck, recovering after surgery Read More »
By Akash Sriram (Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China’s BYD. Tesla delivered 494,989 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed …
Tesla delivers record Q4 cars, but China’s BYD steals top EV spot Read More »
By Sinéad Carew NEW YORK (Reuters) -The dollar rose on the first trading day of the year, supported by higher U.S. yields while investors waited for U.S. jobs data and European inflation numbers for clues on central banks’ policies. The dollar index, which measures the U.S. currency against six counterparts, rose 0.799%, on track for …
Dollar set for biggest daily jump since October as U.S. yields rebound Read More »
By Shankar Ramakrishnan (Reuters) – Investor optimism that the Federal Reserve will start cutting interest rates is breathing new life into the market for junk debt, providing timely relief to the lowest-rated companies and likely capping the rate of defaults in 2024. As the U.S. central bank started to raise rates in 2022 and worries …
Analysis-Fed pivot may cap junk bond defaults, but risks remain Read More »
By Paritosh Bansal (Reuters) – Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them. Markets rallied as a result, but 2024 could hold surprises as the world adjusts to an economic order where money is not cheap. Global stocks rallied and top …
For investors, 2024 is year of transition to a new economic order Read More »
By Shubham Batra and Khushi Singh (Reuters) -London stocks started the year on a sombre note, weighed down by losses in the financial sector and as UK government bond yields climbed to two-weeks high. The blue-chip FTSE 100 fell 0.2% on Tuesday, after hitting an over seven-month high earlier in the session, while the mid-cap …
British equities slip on higher yields, financials drag Read More »
