Investing
Investing
German Industrial Output Unexpectedly Falls in October
Investing
Morning Bid: Risk-Wary Markets Count Down to Payrolls
Investing
Asian Shares Slip on South Korea Risk, Dollar on Guard Ahead of Payrolls
Investing
Wall Street Stocks, Bitcoin Take Breath From Record Highs Ahead of US Jobs Data
Oil Falls as Investors Weigh Ample 2025 Supply Outlook, Delayed Opec+ Output Hike
Date: December 6, 2024
By Georgina McCartney HOUSTON (Reuters) -Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025. Brent crude settled down 22 cents, or 0.3%, at $72.09 a barrel, while U.S. West Texas Intermediate (WTI) settled down 24 cents,...
Shell and Equinor Form UK North Sea Oil and Gas Joint Venture
Date: December 5, 2024
By Louise Rasmussen, Ron Bousso and Nerijus Adomaitis COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway’s Equinor will merge their British North Sea assets to form what is set to be the ageing basin’s largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will pool the companies’...
Sweden’s Eqt Exceeds Investment Targets in India, Doubles Down on Healthcare
Date: December 5, 2024
By Dhwani Pandya MUMBAI (Reuters) – Sweden’s EQT has invested more than its targeted $5 billion in India over the last few years, the head of its Asian business said on Thursday, as the private equity firm focuses on buyouts and investments in the country where it is sees strong deal activity. EQT, with about...
Britain Approves $19 Billion Vodafone-Three Mobile Merger
Date: December 5, 2024
By Paul Sandle LONDON (Reuters) -Britain on Thursday approved Vodafone’s $19 billion merger with Hutchison’s Three UK to create the country’s biggest mobile operator after their investment promises outweighed concerns about higher customer bills. The Competition and Markets Authority (CMA) said the combined group’s network investment plan would drive competition in the long term, dropping...
Euphoria All Around as Bitcoin Vaults Above $100,000, Stocks Hit Record Highs
Date: December 5, 2024
By Dhara Ranasinghe and Tom Westbrook LONDON (Reuters) -Bitcoin broke $100,000 on Thursday as investors bet on a friendly U.S. regulatory shift, while world stocks touched fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome Powell. France’s government lost a confidence vote late on Wednesday for the...
Rate Cut Bets Boost Stocks as Bitcoin Breaks $100,000
Date: December 5, 2024
By Tom Westbrook SINGAPORE (Reuters) -Bitcoin broke $100,000 on Thursday as investors bet on a friendly regulatory shift in the U.S., while Asian stocks were firm after Wall Street indexes notched record highs on growing confidence in U.S. interest rate cuts. Bitcoin hit the $100,000 mark in the Asia morning and was last at $103,400....