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 »
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 »
(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 »
By Sonia Rolley PARIS (Reuters) – The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain, lawyers for the Congolese government told Reuters. Congo is a major source of tin, tantalum and tungsten, so-called 3T minerals used …
Exclusive-Congo files criminal complaints against Apple in Europe over conflict minerals Read More »
(Reuters) – Australia’s Perpetual said on Tuesday an independent expert has opined the asset manager’s plan to sell the wealth management and corporate trust business to KKR would not serve the best interest of investors after a tax bill blowout. The company’s A$2.2 billion ($1.40 billion) deal with the buyout giant is at risk of …
Perpetual-KKR deal not best for shareholders after tax bill surge, says board expert Read More »
By Andrew Osborn and Guy Faulconbridge MOSCOW (Reuters) -A top Russian general accused by Ukraine of being responsible for the use of chemical weapons against Ukrainian troops was assassinated in Moscow by Ukraine’s SBU intelligence service on Tuesday morning in the most high-profile killing of its kind. Lieutenant General Igor Kirillov, who was chief of …
Ukraine kills top Russian general in Moscow it accuses of chemical weapons crimes Read More »
By Brad Brooks and Joseph Ax (Reuters) -A 15-year-old girl opened fire in a Wisconsin school classroom on Monday, fatally shooting a fellow student and a teacher and wounding six other people before killing herself with the handgun, police said. The shooting took place in a mixed-grade study hall shortly before 11 a.m. (1700 GMT) …
Teenage girl shoots dead fellow student and teacher at Wisconsin school Read More »
By Virginia Furness LONDON (Reuters) – Ecuador has completed its second debt-for-nature swap, this time unlocking $460 million to protect and manage the forests and wetlands of its Amazon rainforest, NGO The Nature Conservancy said on Tuesday. By buying-back over $1.5 billion of its discounted existing bonds with cheaper new money, Ecuador will realise almost …
Ecuador completes $1.5 billion debt swap for Amazon conservation Read More »
By Francesco Guarascio and Phuong Nguyen HANOI (Reuters) – Communist-run Vietnam is planning its boldest bureaucratic reform in decades, slashing ministries, agencies and broadcasters in a bid to reduce bottlenecks and red tape, but risking short-term “paralysis”, officials and investors said. Under the plan, five ministries, four government agencies and five state TV channels would …
Analysis-Vietnam’s sweeping administrative cuts stir investors’ anticipation, worries Read More »
