Exxon wants to keep option for Hess Guyana assets, CEO says
(This Dec. 11 story has been corrected to say that the goal is to keep the option open if Hess arbitration succeeds, in the headline and paragraph 1) HOUSTON (Reuters)…
Economy
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Economists expect Fed to cut rates next, but slow pace in 2025: Bloomberg survey
Investing.com — Next (LON:NXT) week’s Federal Reserve widely expected Federal Reserve rate cut is now expected to be accompanied by a less dovish outlook of just three rate cuts for…
Fed rate view in focus as robust stocks year draws to close
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors…
December rate cut baked in, but Fed to signal cautious about rate-cut path ahead
Investing.com — The November inflation released this week helped cool fears that disinflation is stalling, giving the Federal Reserve room to cut interest rates next week, but the Fed’s confidence…
US Supreme Court will hear clash over religious exemptions from Wisconsin tax
WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Friday to hear a bid by an arm of a Catholic diocese in Wisconsin for a religious exemption from the state’s…
UK GDP contracts in October, raising Q4-24 recession concerns – Deutsche Bank Research
UK’s economic performance has raised concerns as the Office for National Statistics (ONS) reported a contraction in the October gross domestic product (GDP) by 0.1% month-over-month, according to a report…
Bank of Italy cuts growth forecasts for 2024 and 2025
The Bank of Italy has revised its growth projections for the country’s economy, now expecting a 0.7% expansion for both this year and next. This update, announced on Friday, represents…
Factbox-Big banks expect a quarter-point cut for ECB’s first meeting of 2025
(Reuters) – Major brokerages including Bank of America, Goldman Sachs and Citigroup (NYSE:C) expect the European Central bank to cut interest rates by 25 basis points again at its first…
Foreigners add $19.2 billion to EM portfolios in November, IIF says
By Rodrigo Campos (Reuters) – Foreign investors added a net $19.2 billion to their emerging market portfolio holdings in November, with selling of stocks more than offset by a continuing…
US import prices rise marginally in November
By Lucia Mutikani WASHINGTON (Reuters) -U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a…