Hong Kong struggles to improve conditions in tiny, crowded homes
HONG KONG (Reuters) – Housing is famously cramped in the Asian financial hub of Hong Kong, thanks to sky-high property prices, but a single toilet and kitchen shared by four…
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BofA sees limited inflation risk in Turkiye, expects CBRT rate cuts
Turkiye’s inflation for December came in at 1.03%, which was lower than the consensus estimate of 1.6% and BofA’s own forecast of 1.5%. The moderation in inflation was attributed to…
With Barr’s exit from regulatory role, Trump gets early chance to reshape Fed
By Ann Saphir and Michael S. Derby (Reuters) – Federal Reserve Vice Chair of Supervision Michael Barr’s decision on Monday to resign early from his regulatory oversight role sets up…
Fed’s Barr to resign early from regulatory job to avoid ‘dispute’ over role
By Pete Schroeder WASHINGTON (Reuters) -Michael Barr, the Federal Reserve’s top regulatory cop, said on Monday he will leave that post on Feb. 28, avoiding a potentially messy legal fight…
Weak demand for aircraft weighs down US factory orders in November
WASHINGTON (Reuters) -New orders for U.S.-manufactured goods fell in November amid weakness in demand for commercial aircraft while business spending on equipment appeared to have slowed in the fourth quarter,…
Smithfield Foods first to publicly file in 2025 for big US IPO
(Reuters) -Smithfield Foods on Monday made public its paperwork for its New York initial public offering as the maker of Farmland (NYSE:FPI) bacon and Farmer John sausages prepares for its…
Gemini agrees to $5 million fine, injunction over CFTC charges, filing shows
NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures Trading Commission charges in connection with statements it made in…
Bank of Israel holds rates on high inflation, economic uncertainty
By Steven Scheer JERUSALEM (Reuters) -The Bank of Israel left interest rates unchanged for the eighth straight meeting on Monday, citing expectations of higher inflation and economic uncertainty due to…
Golden Globes 2025: the big money behind Hollywood’s night of glitz and glamour
The Golden Globes is synonymous with Hollywood’s most glamorous night, where stars bask in the spotlight, directors and producers celebrate their achievements, and fans anticipate the winners. Wwhile the awards…
Nippon and US Steel launch legal challenge after Biden administration blocks $15 billion deal
Nippon Steel and US Steel have initiated a federal lawsuit against the Biden administration, challenging its decision to block a proposed nearly $15 billion acquisition of the Pittsburgh-based US Steel…