investing
Investing
Markets in 2024: Wall Street’s high-octane rally keeps investors captive to the US
Investing
Brace! Risks stack up for the global economy in 2025
Investing
Asia shares rally on US inflation relief
Investing
Why Now’s a Good Time to Sell Your Timeshare
Turmoil at Colombia’s Ecopetrol raises profit fears ahead of US investment decision
Date: December 20, 2024
By Nelson Bocanegra BARRANCABERMEJA, Colombia (Reuters) – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board...
U.S. crude exports to Europe expected to fall in Jan as shipping economics weaken
Date: December 20, 2024
By Georgina McCartney, Arathy Somasekhar and Enes Tunagur HOUSTON/LONDON (Reuters) – U.S. crude oil exports to northwest Europe are likely to slip early next year after hitting a record high in November, as the arbitrage for transatlantic shipments has slammed shut and freight rates have climbed, analysts said this week. The spread between U.S. West...
Europe’s STOXX 600 clocks worst day in more than a month after Fed’s hawkish signal
Date: December 20, 2024
By Sruthi Shankar and Shashwat Chauhan (Reuters) -European stocks fell on Thursday, with the benchmark STOXX recording its biggest single-day drop since early November as investors fled riskier assets after the U.S. Federal Reserve signalled a slower pace of interest rate cuts next year. The pan-European STOXX 600 index closed 1.5% lower, hitting a three-week...
Dollar set to end week on a high, yen at five-month low
Date: December 20, 2024
By Rae Wee SINGAPORE (Reuters) – The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after...
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Date: December 20, 2024
By Stella Qiu SYDNEY (Reuters) – Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge – the U.S. Core Personal Consumption Expenditures – is due later...
Covestro shareholders accept ADNOC’s XRG takeover offer
Date: December 19, 2024
(Refiles to correct timing of Egypt JV in paragraph 10) By Yousef Saba DUBAI (Reuters) – XRG, the international investments arm of Abu Dhabi National Oil Company (ADNOC), said on Thursday it will become the new majority shareholder in Covestro after the German chemicals maker’s shareholders approved a takeover offer. Shares tendered and bought by...