By Sfundo Parakozov JOHANNESBURG, Jan 21 (Reuters) – South African inflation rose slightly in December, as expected, but analysts said they still expect the central bank to deliver several interest rate cuts this year as price pressures remain well contained. Headline consumer inflation increased to 3.6% year on year in December from 3.5% in November,…
By Sabrina Valle NEW YORK, Jan 20 (Reuters) – Abivax Chief Executive Marc de Garidel dismissed as “noise” reports in the French press that pharmaceutical giant Eli Lilly may take over his company, and said market speculation about an ongoing review by French authorities was inconsistent with how French foreign-investment oversight works. Investors looking to…
SAO PAULO, Jan 19 (Reuters) – Brazil’s Supreme Court Justice Dias Toffoli has allowed a prosecutor’s request for banks to freeze assets belonging to Brazilian entrepreneur Nelson Tanure due to an investigation into lender Banco Master, according to a document made public last Friday. The request was made by the country’s Prosecutor General’s Office. The…
(Corrects to remove Danish Presidency in the European Union from disclaimer, as Denmark is no longer holding the presidency, in paragraph 3) Jan 18 (Reuters) – U.S. President Donald Trump said on Sunday that Denmark has not been able to do anything to get the “Russian threat” away from Greenland, and said, “Now it is…
By Joseph Ax Jan 16 (Reuters) – Virginia’s Democratic-controlled Senate on Friday approved a constitutional amendment that, if approved by voters, would permit lawmakers to redraw the state’s congressional lines, potentially netting Democrats up to four U.S. House of Representatives seats. The state’s move is the latest volley in a nationwide battle over redistricting between…
By Joey Roulette and Cassell Bryan-Low WASHINGTON, Jan 16 (Reuters) – Iran’s crackdown on dissidents is shaping up as one of the toughest security tests yet for Elon Musk’s Starlink, which has served as a lifeline against state-imposed internet blackouts since its deployment during the war in Ukraine. SpaceX, which owns Starlink, made the satellite…
By Trevor Hunnicutt WASHINGTON, Jan 15 (Reuters) – The U.S. and Taiwan clinched a trade deal on Thursday that cuts tariffs on many of the semiconductor powerhouse’s exports, directs new investments in the U.S. technology industry and risks infuriating China. The deal deepens the Trump administration’s ties with Taipei at a critical time as China…
Exxon and Chevron Have an Unlikely New Competitor Musk’s Big Prediction for 2025 [sponsor] Today’s Breaking News Weekly US jobless claims fall unexpectedly, but labor market treading water WASHINGTON, Jan 15 (Reuters) – The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, but the drop was likely due to ongoing challenges…
Jan 16 (Reuters) – JPMorgan Chase has formed a new advisory team to help companies and sponsors raise money from private markets, it said on Friday, as the largest U.S. lender looks to deepen its presence in the red-hot alternative asset class. The new team – private capital advisory & solutions – will be led…
By Sumit Saha Jan 16 (Reuters) – Mosaic warned on Friday that an unusually steep drop in North American fertilizer demand during the fourth quarter has weighed on its sales and cash flow, sending the company’s shares down about 4% in the morning trade. Demand fell as farmers cut fertilizer use amid tight budgets, while…
