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French 2025 budget targets 50 bln euros in savings, finance minister says
PARIS, Jan 6 (Reuters) - France's new government aims to squeeze around 50 billion euros ($52 billion) in savings out of the 2025 budget, Finance Minister Eric Lombard said on Monday, setting a lower target than his predecessor.
Mon, Jan 6
Oil falls from highest since October as dollar strengthens
SINGAPORE, Jan 6 (Reuters) - Oil prices dipped on Monday amid a strong U.S. dollar ahead of key economic data by the U.S. Federal Reserve and U.S. payrolls later in the week.
Mon, Jan 6
Gold falls as focus shifts to US data for economic cues
Jan 6 (Reuters) - Gold prices dipped on Monday on profit-booking after gaining last week, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's stance on interest rates.
Mon, Jan 6
Vietnam's 2024 GDP growth accelerates to 7.09%, driven by strong exports
Vietnam's economy expanded 7.09% last year to $476.3 billion, faster than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows, government data showed on Monday.
Mon, Jan 6
North Korea tests mid-range missile as Blinken visits Seoul
U.S. Secretary of State Antony Blinken said a North Korean missile test carried out during his visit to Seoul on Monday was a reminder of the need to deepen Washington's cooperation with South Korea and Japan to deter an emboldened Pyongyang.
Mon, Jan 6
Trump urges Congress to pass his agenda in a single, massive bill
By Andy Sullivan WASHINGTON, Jan 5 - President-elect Donald Trump on Sunday urged his fellow Republicans in Congress to combine his priorities into one massive bill that would cut taxes, bolster border security and increase domestic energy production.Trump said Republicans could cover the cost -
Mon, Jan 6
GRAINS-Chicago soybeans, corn climb on Argentina weather concerns
BEIJING, Jan 6 (Reuters) - Chicago soybean and corn futures rose on Monday, supported by concerns over dryness in key exporter Argentina hurting the growth of crops, while wheat also edged higher.FUNDAMENTALS* The most-active soybean contract Sv1 on the Chicago Board of Trade (CBOT) was up 1.29% at
Mon, Jan 6
Xpeng Motors, Volkswagen sign MoU to cooperate on China ultra-fast charging network
BEIJING, Jan 6 (Reuters) - China's Xpeng Motors 9868.HK said on Monday it had signed a memorandum of understanding with Volkswagen VOWG_p.DE to cooperate on an ultra-fast charging network in China, according to a statement on its official Wechat social media account.The two companies will open their
Mon, Jan 6
China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows
BEIJING, Jan 6 (Reuters) - China's services activity expanded at the fastest pace in seven months in December, driven by a surge in domestic demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday.The Caixin/S&P Global services
Mon, Jan 6
PRECIOUS-Gold steady as investors await US economic data
Jan 6 (Reuters) - Gold prices held steady on Monday as investors awaited a slew of U.S. economic data due out this week for guidance on the Federal Reserve's interest rate stance.FUNDAMENTALS* Spot gold XAU= was steady at $2,639.56 per ounce, as of 0034 GMT. U.S. gold futures GCcv1 fell 0.1% to $2,6
Mon, Jan 6
Biden signs Social Security measure into law to expand benefits for some retirees
President Joe Biden signed a measure into law on Sunday that boosts Social Security retirement payments to some retirees who draw public pensions, such as former police officers and firefighters, in what the White House described as the first expansion of such benefits in 20 years.
Mon, Jan 6
Gold hits three-week peak on softer dollar and safe-haven inflows
Jan 3 (Reuters) - Gold prices touched their highest in three weeks on Friday, supported by a softer dollar and safe-haven buying, while markets braced for potential economic and interest rate changes from U.S. President-elect Donald Trump's proposed policies.
Fri, Jan 3
US blocks Nippon Steel's bid to purchase U.S. Steel
WASHINGTON, Jan 3 (Reuters) - U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel's 5401.T $14.9 billion bid for U.S. Steel X.N, citing concerns the deal could hurt national security.
Fri, Jan 3
Euro zone bond yields tick up after solid German jobs data
LONDON, Jan 3 (Reuters) - Euro zone bond yields rose on Friday, pushing them back towards their highest levels in a month or more, after data showed German unemployment rose less than expected in December.
Fri, Jan 3
2024 all about US exceptionalism - Barclays
U.S. exceptionalism was "on steroids" in 2024, according to Barclays equity strategists who expect the region to stay in the lead in 2025 but not quite to the same extent, as they see some convergence with other regional equity markets.
Fri, Jan 3
European stocks dip at the end of holiday-shortened week
Jan 3 (Reuters) - European stocks dipped at the end of a holiday-shortened week on Friday, with traders focussed on economic data for clues on the path of interest rates and potential changes in U.S. policies under a Donald Trump presidency.
Fri, Jan 3
Gold hits 3-week peak on softer US dollar, safe-haven inflows
Jan 3 (Reuters) - Gold prices touched their highest level in three weeks on Friday supported by a softer dollar and safe-haven buying, while markets braced for potential economic and interest rate changes from U.S. President-elect Donald Trump.
Fri, Jan 3
Apple's China challenge deepens as foreign phone sales slump
BEIJING, Jan 3 (Reuters) - Shipments to China of foreign-branded smartphones, including Apple Inc's AAPL.O iPhone, fell by 47.4% in November from a year earlier, according to data released on Friday from a government-affiliated research firm.
Fri, Jan 3
Asian FX face weekly declines as markets await Trump's policy moves
Most Asian currencies slipped on Friday and were set for weekly declines against a strengthening dollar, as investors braced for fewer Federal Reserve rate cuts and U.S. President-elect Donald Trump's return to the White House.
Fri, Jan 3
As stocks waver, dollar remains the surest bet
While stock markets shrugged off the dim start to 2025, the higher-for-longer U.S. rates theme has left the dollar's dominance intact, leaving the euro and sterling near multi-month lows.
Fri, Jan 3
