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German economy dodges recession despite shrinking 0.3% in 2023
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How an election-packed 2024 could swing world markets
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Oil slips despite Middle East conflict
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UK’s FTSE 100 slips as luxury, bank stocks weigh
Yuan slides after PBOC, dollar little changed on MLK Day
Date: January 15, 2024
Yuan slides after PBOC, dollar little changed on MLK Day By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) -The yuan fell on Monday to a one-month low after China’s central bank surprised markets by keeping its medium-term policy rate steady, while the dollar was little changed on Martin Luther King (MLK) Jr. Day, a public...
Iceland volcano recedes after ‘black day’ of town fires
Date: January 15, 2024
Iceland volcano recedes after ‘black day’ of town fires REYKJAVIK (Reuters) – A volcano that erupted in southwest Iceland for the second time in less than a month, setting fire to several houses in a fishing town, appeared to be less active early on Monday. “A black day” read the front page headline of Icelandic...
Microsoft topples Apple to become global market cap leader
Date: January 15, 2024
Microsoft topples Apple to become global market cap leader (Reuters) – Microsoft has eclipsed Apple to become the world’s largest company by market capitalization, driven by its deep focus on generative artificial intelligence (AI), a sector that has garnered increasing investor favour. The tech giant, which along with Nvidia and Amazon placed a significant emphasis...
US bank profits fall in choppy quarter marked by special charges, falling lending margins
Date: January 12, 2024
US bank profits fall in choppy quarter marked by special charges, falling lending margins WASHINGTON (Reuters) -Major U.S. bank profits fell on Friday in a choppy fourth quarter complicated by special charges and job cuts, with signs an income boost from high U.S. Federal Reserve interest rates is waning and some consumer loans are starting...
Exclusive-EU investigators to inspect China’s BYD, Geely and SAIC in EV probe – source
Date: January 12, 2024
Exclusive-EU investigators to inspect China’s BYD, Geely and SAIC in EV probe – source SHANGHAI/BRUSSELS (Reuters) -European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said. The inspectors...
US scientists say one-in-three chance 2024 another year of record heat
Date: January 12, 2024
US scientists say one-in-three chance 2024 another year of record heat By Gloria Dickie TORONTO (Reuters) – This year has a one-in-three chance of being even hotter than 2023, which was already the world’s hottest on record, scientists from the U.S. National Oceanic and Atmospheric Administration (NOAA) said on Friday. In its annual global climate analysis,...