Morning Bid: As stocks waver, dollar remains the surest bet
A look at the day ahead in European and global markets from Ankur Banerjee While stock markets shrugged off the dim start to 2025, the higher-for-longer U.S. rates theme has…
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China will sharply increase funding from treasury bonds to spur growth in 2025
BEIJING (Reuters) – China will sharply increase funding from ultra-long treasury bonds in 2025 to spur business investment and consumer-boosting initiatives, a state planner official said on Friday, as Beijing…
Asian stocks rise, dollar at two-year high as US rates, Trump in focus
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was perched at a two-year high against…
China’s central bank might cut interest rates from current level of 1.5% in 2025, FT reports
BEIJING (Reuters) -China’s central bank said it was likely it would cut interest rates from the current level of 1.5% “at an appropriate time” in 2025, the Financial Times reported…
Dollar headed for best week since November on US rates, economic outlook
By Rae Wee SINGAPORE (Reuters) – The dollar was on track for its best weekly performance in over a month on Friday, underpinned by expectations of fewer Federal Reserve rate…
China’s central bank to cut interest rates from current level of 1.5% in 2025- FT
Investing.com– The People’s Bank of China plans to cut interest rates further in 2025, as it brings monetary policy more in line with traditional policies in the U.S. and Europe,…
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
By Aditya Soni, Arsheeya Bajwa, Krystal Hu (Reuters) -OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to…
Tesla annual deliveries drop for the first time, stock falls over 6%
Annual deliveries for automaker Tesla fell for the first time in years, sending its share price down by more than 6% in early trading hours. By 9:57 am, the stock…
Brazil’s December manufacturing PMI falls to 50.4, reflecting slower growth
As December 2024 ended, the S&P Global Brazil Manufacturing Purchasing Managers’ Index (PMI) doubled to 50.4, down from 52.3 a month before. This dip marks the slowest expansion pace in…
Rolex rings in New Year with price hikes as gold surges
In a move reflecting the surging value of gold, Rolex SA, the titan of Swiss luxury watchmaking, has initiated a significant price increase on some of its most sought-after timepieces.…