investing
Investing
Sterling gets a lift from hotter UK wage growth
Investing
Oil, healthcare stocks knock European shares to two-week lows
Investing
US stocks end higher ahead of Fed, bitcoin surges
Investing
Exclusive-Brazilian investor Tanure in initial talks with Casino over GPA shares, says source
Oil sags on soft Chinese spending, investor pause before US Fed rate move
Date: December 17, 2024
By Laila Kearney NEW YORK (Reuters) – Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, the world’s largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve’s interest rate decision. Brent crude futures settled at $73.91 a barrel, down 58...
UK stocks start policy decision week lower; Entain falls
Date: December 17, 2024
(Reuters) -Britain’s FTSE 100 index slipped on Monday, with Entain dropping after Australia’s financial crime watchdog initiated legal proceedings against it, while a survey showed British businesses cut staffing by the most since the COVID pandemic this month. The FTSE 100 was down 0.5%, with Entain taking the biggest hit, down 6.3%, after the Australian...
Oil prices edge down on soft Chinese spending data
Date: December 16, 2024
By Arunima Kumar (Reuters) -Oil futures dropped from their highest levels in weeks on Monday, pressured by weakness in consumer spending in China, the world’s largest oil importer. Brent crude futures fell 32 cents, or 0.4%, to $74.17 a barrel by 1300 GMT after settling on Friday at their highest since Nov. 22. U.S. West...
Exclusive-Procter & Gamble to disclose more details about wood-pulp audits, investors say
Date: December 16, 2024
By Jessica DiNapoli NEW YORK (Reuters) – Procter & Gamble has promised a group of shareholders it will disclose more details about how it audits wood-pulp suppliers, the investors told Reuters, after shareholders pushed the maker of Charmin toilet paper for years to source forest products more sustainably. The world’s biggest consumer products maker has...
Bitcoin tops $106,000, hopes grow for strategic reserve
Date: December 16, 2024
By Kevin Buckland and Ankur Banerjee (Reuters) -Bitcoin hit a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Bitcoin, the world’s biggest and best known cryptocurrency, hit a high of $106,533...
Novo Nordisk invests $1.2 billion in new rare disease drugs plant in Denmark
Date: December 16, 2024
By Anna Ringstrom and Maggie Fick STOCKHOLM/LONDON (Reuters) -Danish drugmaker Novo Nordisk will invest 8.5 billion crowns ($1.20 billion) in a new facility in Odense, Denmark, for the production of rare disease drugs, it said on Monday. The site will manufacture various types of rare disease drugs, including those for the treatment of haemophilia, Novo...