By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON (Reuters) -Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here’s how the plan could work. WHAT IS A STRATEGIC RESERVE? A strategic reserve is a stock of …
How would a U.S. bitcoin strategic reserve work? Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Bond investors, expecting the Federal Reserve to cut interest rates by a quarter of a percentage point on Wednesday, are bracing for the central bank to scale back its easing in 2025 in anticipation of higher inflation under the Trump administration. Market players are staying out of longer-dated Treasuries …
US bond investors brace for ‘hawkish cut,’ spurn long-term bonds Read More »
NEW DELHI (Reuters) – The Indian economy will see healthy growth in coming quarters, and the slowdown in growth from July-September was a “temporary blip”, Finance Minister Nirmala Sitharaman said on Tuesday. India’s economic growth slowed more than expected in July-September, expanding by only 5.4% year-on-year. “The government believes the trend in Q2 of 2024-25 …
Indian finance minister says Q2 growth slowdown a ‘blip’, higher growth coming Read More »
By Hritam Mukherjee and Kashish Tandon (Reuters) -Indian shares slipped on Tuesday, on across-the-board selling as investors braced for the Federal Reserve’s monetary policy meeting for clues on its rate cut path next year. The NSE Nifty 50 fell 1.35% to 24,336 points as of 3:30 p.m. IST, while the BSE Sensex declined 1.3% to …
Indian shares slump on caution before Fed meeting Read More »
By Jean-Stéphane Brosse and Abdou Moustoifa PARIS/MORONI (Reuters) -Authorities in Mayotte were racing on Tuesday to stop hunger, disease and lawlessness from spreading in the French overseas territory after the weekend’s devastating cyclone, while Mozambique reported dozens of deaths from the storm. Hundreds or even thousands could be dead in Mayotte, which took the strongest …
Mayotte authorities fear hunger, disease after cyclone; death toll rises in Mozambique Read More »
By Rachel More BERLIN (Reuters) -German business morale worsened more than expected in December, a survey showed on Tuesday, weighed down by companies’ pessimistic assessment of the coming months amid geopolitical uncertainty and an industrial slump in Europe’s largest economy. The Ifo institute said its business climate index decreased to 84.7 in December from a …
German business sentiment tumbles in December amid ‘chronic’ weakness Read More »
By Joshua McElwee VATICAN CITY (Reuters) – Pope Francis has revealed he was the target of an attempted suicide bombing during his visit to Iraq three years ago, the first by a Catholic pontiff to the country and probably the riskiest foreign trip of his 11-year papacy. In an excerpt published on Tuesday from a …
Pope reveals he was target of suicide bomb attempt during 2021 Iraq visit Read More »
(Reuters) – Indivior said on Tuesday its finance chief Ryan Preblick will step down as a director as the British drugmaker makes changes to its board following pressure from no.2 shareholder Oaktree Capital. The maker of opioid addiction treatment Sublocade also appointed Robert Schriesheim and Joe Ciaffoni as independent non-executive directors, and said it has …
Drugmaker Indivior’s finance chief Preblick to step down from board Read More »
LONDON (Reuters) -Barclays on Tuesday lost its bid to overturn a key ruling on motor finance commission, in a case likely to affect a potential multibillion pound consumer redress scheme from Britain’s finance watchdog. The case comes as the Financial Conduct Authority (FCA) mulls a redress scheme and after London’s Court of Appeal ruled it …
Barclays loses challenge to motor finance ruling as UK watchdog’s redress scheme looms Read More »
(Reuters) – The United States will offer a record $15 billion low-interest loan to California-based utility PG&E to support climate resilience projects and upgrade the electrical grid, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. PG&E Corp is the parent company of Pacific Gas and Electric Company, one of the …
US agrees to $15 billion loan to PG&E, WSJ reports Read More »
