(Reuters) – Activity in Russia’s manufacturing sector expanded at its fastest pace in almost seven years in December, a business survey showed on Friday, though new export orders contracte[...]
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December 29, 2023
China’s new thirst for coffee spurs cut-throat cafe competition
By Casey Hall and Marcelo Teixeira SHANGHAI (Reuters) – Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign coffee chains that have opened th[...]
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Strong gains for cocoa, iron ore in 2023 as energy prices dip
By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and iron ore prices surged in 2023, while natural gas and coal prices tumbled, with most agricultural products expected to outperfo[...]
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Mortgage rates slide to lowest since May – Freddie Mac
(Reuters) – The interest rate on the most common type of U.S. home loan fell for a ninth straight week this week to close out the year at their lowest level since May, according to data released[...]
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Huawei forecasts 9% revenue growth in 2023 as smartphones surge
BEIJING (Reuters) – Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in a[...]
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Red Sea shipping workarounds add costs, delays for suppliers, retailers
By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away fr[...]
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Elon Musk’s X fails to block California’s content moderation law
By Mrinmay Dey (Reuters) – Elon Musk’s X on Thursday failed to block a California state law that requires social media companies to publicly disclose how they moderate certain content on t[...]
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S&P 500 ekes out meager gains, flirts with bull market confirmation
By Stephen Culp NEW YORK (Reuters) -The S&P 500 closed nominally higher on Thursday, retracing early gains just before the closing bell on the penultimate trading day of 2023. The benchmark index[...]
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Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada’s CDPQ
By Peter Frontini SAO PAULO (Reuters) -Engie Brasil said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement[...]
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