Today: December 05, 2024
Today: December 05, 2024

Finance

Business|Economy|Finance|Political|US

US trade deficit shrinks on decline in imports

The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning trade to contribute to economic growth in the

US trade deficit shrinks on decline in imports
Economy|Finance|Political|Stock Markets|US

Column-Dollar is the cleanest dirty shirt: McGeever

While the dollar has benefited enormously this year from the tech-led wave of U.S. "exceptionalism" that has lifted American growth, productivity,

Column-Dollar is the cleanest dirty shirt: McGeever
Asia|Business|Economy|Finance|Stock Markets

Risk is back on the menu for sovereign and public funds, survey shows

Sovereign and public funds managing $6.5 trillion are putting risk back on the menu as inflation fears fall from the list of top concerns, and are betting big on

Risk is back on the menu for sovereign and public funds, survey shows
Business|Economy|Finance|US

US weekly jobless claims rise moderately

The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market continued to steadily cool.

US weekly jobless claims rise moderately
Business|Economy|Finance|Stock Markets|Travel

American Airlines raises Q4 adjusted earnings forecast

American Airlines lifted it fourth-quarter adjusted earnings forecast on Thursday, banking on resilient travel demand and an overall improvement in pricing power.

American Airlines raises Q4 adjusted earnings forecast
Business|Economy|Europe|Finance|Political

ECB to cut rates by 25 bps on Dec. 12; at least four more likely in 2025- Reuters poll

The European Central Bank will trim 25 basis points (bps) from its deposit rate on Dec. 12, according to all but two of 75 economists polled by Reuters, and at

ECB to cut rates by 25 bps on Dec. 12; at least four more likely in 2025- Reuters poll
Americas|Business|Economy|Finance|US

Canada's TD Bank quarterly profit falls on US business weakness

Canada's second-biggest lender TD Bank reported a fall in fourth-quarter profit on Thursday, hurt by weakness in its U.S. business due to the impact of anti-money laundering issues.

Canada's TD Bank quarterly profit falls on US business weakness
Business|Economy|Finance|Political|US

Canadian dollar forecasts slashed on US tariff threat- Reuters poll

The Canadian dollar is expected to recoup only a small fraction of its recent losses over the coming year as the threat of U.S. trade tariffs hampers the outlook

Canadian dollar forecasts slashed on US tariff threat- Reuters poll
Americas|Business|Finance|US

HSBC appoints Lisa McGeough to lead US as CEO Elhedery shuffles leaders

HSBC promoted Lisa McGeough to become its president and CEO for the United States at the start of next year, the bank said on Thursday in a statement first seen

HSBC appoints Lisa McGeough to lead US as CEO Elhedery shuffles leaders
Business|Economy|Finance|Political|US

Key members of OPEC+ alliance are putting off production increases amid slack crude prices

Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year

Key members of OPEC+ alliance are putting off production increases amid slack crude prices
Business|Economy|Election|Finance|Political

Canada Christmas stimulus, immigration curbs cast more doubt on fiscal targets

Canada's fiscal targets over the next few years will be tougher to achieve as a promised Christmas handout last month by Prime Minister Justin Trudeau amplifies

Canada Christmas stimulus, immigration curbs cast more doubt on fiscal targets
Business|Economy|Finance|Political|Stock Markets|US

The 'Trump trade' one month on

A look at the day ahead in U.S. and global markets by Amanda Cooper.

The 'Trump trade' one month on
Business|Economy|Europe|Finance|World

OPEC+ delays oil output hike until April, extends cuts into 2026

OPEC+ on Thursday pushed back the start of oil output rises by three months until April and extended the full

OPEC+ delays oil output hike until April, extends cuts into 2026
Business|Economy|Finance|Stock Markets|US

Wall Street opens muted with jobs data in focus

Wall Street's main indexes opened subdued on Thursday following record high closes for all three main indexes in the previous session, as investors awaited upcoming employment data later

Wall Street opens muted with jobs data in focus
Business|Economy|Finance|US

What to expect from Friday’s jobs report: A massive bounce back from October’s dismal total

What to expect from Friday’s jobs report: A massive bounce back from October’s dismal total

What to expect from Friday’s jobs report: A massive bounce back from October’s dismal total
Economy|Europe|Finance|Political

Fall of government leaves France without clear path on cutting deficit -S&P

The fall of the government leaves France without a clear path toward reducing its budgetary deficit, credit rating agency Standard and Poor's (S&P) said on Thursday.

Fall of government leaves France without clear path on cutting deficit -S&P
Business|Economy|Europe|Finance|Political

Key quotes from ECB policymakers ahead of likely rate cut on Dec 12

Following are quotes from ECB policymakers in the run-up to the Dec 12 policy meeting where a rate cut is almost certain and only the size is up for debate, with most seemingly

Key quotes from ECB policymakers ahead of likely rate cut on Dec 12
Economy|Europe|Finance|Political|Stock Markets

French debt risk premium drops as government falls, Macron next move in focus

The risk premium investors demand to hold French debt rather than German Bunds dropped on Thursday after the widely expected collapse of the French government.

French debt risk premium drops as government falls, Macron next move in focus
Business|Europe|Finance|Political|Stock Markets

European stocks rise as investors shrug off French political instability concerns

European stocks hovered near one-month highs on Thursday as investors shrugged off concerns about political instability in France after lawmakers voted to

European stocks rise as investors shrug off French political instability concerns
Economy|Europe|Finance|Political|Stock Markets

French bonds, stocks take a breather after government collapse but uncertainty remains

The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister

French bonds, stocks take a breather after government collapse but uncertainty remains
Asia|Business|Economy|Europe|Finance|US

Global billionaire wealth leaps, fueled by US gains, UBS says

The wealth held by the world's billionaires jumped by about 17% over the past year, as significant gains among the super rich in the United States more than offset a decline in

Global billionaire wealth leaps, fueled by US gains, UBS says
Asia|Economy|Finance|Political|Stock Markets

Asian stocks see heavy outflows for second straight month in November

Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports

Asian stocks see heavy outflows for second straight month in November
Business|Economy|Europe|Finance|Political|Stock Markets

Bitcoin's clean break

A look at the day ahead in European and global markets from Tom Westbrook One bitcoin will now set you back six figures.

Bitcoin's clean break
Business|Economy|Finance|Political|US

Oilfield service consolidation to increase under Trump, report says

The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald

Oilfield service consolidation to increase under Trump, report says

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