By Arunima Kumar (Reuters) -Chevron said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S[...]
Read more
January 2, 2024
U.S. property reinsurance rates rise by up to 50% on Jan 1-broker says
LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recou[...]
Read more
Bitcoin climbs above $45,000 to 21-month peak as new year kicks off
By Ankur Banerjee and Medha Singh (Reuters) -Bitcoin galloped past $45,000 on Tuesday, for the first time since April 2022, as the world’s biggest cryptocurrency started the new year with a bang[...]
Read more
Tesla extends lead in Norway sales, EVs take 82% market share
By Victoria Klesty OSLO (Reuters) – Tesla topped Norway’s car sales for a third straight year in 2023, extending its lead over rivals despite an ongoing conflict between the U.S. electric[...]
Read more
Alibaba Group says repurchased $9.5 billion worth shares in 2023
(Reuters) -China’s Alibaba Group said on Tuesday it had repurchased a total of 897.9 million of its shares for $9.5 billion during 2023. The shares were bought in both the U.S. and Hong Kong sto[...]
Read more
Analysis-US fintechs push into fixed-income trading as retail investor interest grows
By Hannah Lang (Reuters) – U.S. financial technology companies that popularized amateur stock trading are pushing into fixed income in a bid to capitalize upon growing retail investor interest s[...]
Read more
Marketmind: S&P 500 record in view as 2024 begins in same vein
A look at the day ahead in U.S. and global markets by Samuel Indyk A rollercoaster 2023 that ended with an equity rally on hopes for rate cuts amid slowing inflation has extended into the first tradin[...]
Read more
Global factory activity ended 2023 on a soft note
By Indradip Ghosh and Sam Holmes BENGALURU/SYDNEY (Reuters) – Global factories had a weak finish to 2023, with euro zone activity contracting for an 18th straight month in December and Asia[...]
Read more
Mega-cap companies saw strong gains in 2023 amid tech optimism
(Reuters) – Global mega-cap companies, led by the technology sector, posted solid gains in 2023, boosted by optimism over artificial intelligence, that inflation was peaking and on hopes for fur[...]
Read more