By Davide Barbuscia NEW YORK (Reuters) – A measure of the cost of borrowing short-term funds backed by U.S. Treasuries spiked this week to its highest since 2019, a move some market participants[...]
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December 27, 2023
Gaston Glock, the man behind the gun, dies aged 94 – APA
By Kirsti Knolle Gaston Glock, the reclusive engineer and tycoon who developed one of the world’s best-selling handguns, died on Wednesday aged 94, Austrian news agency APA said. The Austrian wo[...]
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European shares kick off last week of 2023 higher
By Shashwat Chauhan and Bansari Mayur Kamdar (Reuters) -European shares edged higher on Wednesday in a holiday-shortened week on growing optimism around U.S. interest rate cuts as early as March, whil[...]
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Tesla deliveries to hit record, but fall short of Musk’s aspirations
By Akash Sriram and Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal tar[...]
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Brazil’s Azul, Gol secure credit lines for engine maintenance; shares rise
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airlines Azul and Gol have secured access to around $200 million each in financing to fund engine maintenance plans, as carriers try to maintain[...]
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UK post-Christmas shopping provides some cheer for retailers
LONDON (Reuters) – British shopper numbers at stores on Boxing Day rose from a year earlier, especially in London, research data showed on Wednesday, marking a strong start to the post-Christmas[...]
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Maersk schedules dozens of vessels to travel via Suez Canal
By Terje Solsvik OSLO (Reuters) -Denmark’s Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks, it said on Wednesday, i[...]
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US banks’ NIM to remain under pressure despite expected Fed rate cuts – S&P
(Reuters) – U.S. banks whose net interest margins (NIM) have been compressed due to higher funding costs are unlikely to see relief before the end of 2024 even if the Federal Reserve cuts rates,[...]
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US buys 3 million barrels of oil for strategic reserve
(Reuters) – The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year[...]
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