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FTSE 100 at 3-week highs as miners offset slump in Kingfisher
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World stocks, bonds bounce on Bessent pick as US Treasury Secretary
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Exclusive-Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say
Investing
Dollar dips after strong run on Trump Treasury nomination
Morning Bid: Bonds rally, dollar dips on Treasury choice
Date: November 25, 2024
A look at the day ahead in European and global markets from Wayne Cole Asia has been dominated by the market reaction to the choice of fund manager Scott Bessent as incoming U.S. Treasury Secretary, with the main feeling one of relief that he’s a mainstream candidate rather than an unknown. The fact that Bessent...
German defence firm Renk Group appoints Alexander Sagel as CEO
Date: November 25, 2024
(Reuters) – German defence firm Renk Group said on Sunday it had appointed management board member Alexander Sagel as CEO effective Feb. 1, 2025. Sagel currently serves as management board member and COO of the company. The current CEO, Susanne Wiegand, will step down from her position by the end of January, due to personal...
Oil prices edge up to 2-week high as Ukraine war intensifies
Date: November 22, 2024
By Scott DiSavino (Reuters) -Oil prices edged up about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent futures rose 66 cents, or 0.9%, to $74.89 a barrel by 11:39 a.m. EST (1639 GMT), while U.S. West Texas Intermediate crude rose 77...
Stocks set for strong weekly gain, US yields slip as markets eye Trump policies
Date: November 22, 2024
By Chibuike Oguh NEW YORK (Reuters) –Global stocks were set for a strong weekly gain on Friday while U.S. yields slipped as markets eyed the future policies of President-elect Donald Trump and its impact on the U.S. economy, even as bitcoin traded near the $100,000 threshold. Traders are bracing for Trump’s agenda after he takes...
Halozyme withdraws $2.1 billion buyout offer for German drug developer Evotec
Date: November 22, 2024
By Sriparna Roy (Reuters) -Halozyme Therapeutics has pulled its proposal to buy Evotec SE for 2 billion euros ($2.09 billion) as the German drug developer was unwilling to engage in discussions, the U.S. firm said on Friday. Shares of Halozyme rose 4.70% to $47.80, while the U.S.-listed stock of Evotec tumbled 19.63% to $4.30. “To...
STOXX 600 hits one-week high on tech boost, eyes weekly gains
Date: November 22, 2024
By Ankika Biswas and Joao Manuel Vicente Mauricio (Reuters) – Tech led gains in Europe on Friday, with the benchmark stock index on track for its first weekly advance in five, as the recent selling pressure due to geopolitical tensions eased, but the mood was still sombre after discouraging economic data. The pan-European STOXX 600...