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LIVE MARKETS-Thin New Year's Eve trading
Activity looked extremely thin on New Year's Eve, with many traders on holiday and some bourses, including Frankfurt and Zurich, shut for the day. Moves were muted across country benchmarks and sectors.
Dec 31, 2024
South Korea Acting President Choi says will appoint two Constitutional Court justices
South Korean Acting President Choi Sang-mok said on Tuesday he will appoint two Constitutional Court justices immediately, and appoint a third justice when ruling and opposition parties agree.
Dec 31, 2024
Oil rises on expanding Chinese factory activity, but set to end year lower
Oil prices rose on Tuesday after data showed China's manufacturing activity expanded in December, but they are on track to end lower for a second consecutive year due to demand concerns in top consuming countries.
Dec 31, 2024
Empty desks and tears mark five colleagues killed in South Korean plane crash
Empty desks and a calendar marking days off after Christmas sit in a South Korean office where five co-workers once planned a holiday to Thailand which ended in tragedy on Sunday when their return Jeju Air flight crashed.
Dec 31, 2024
Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
Cocoa prices rise due to supply deficits in West AfricaOil, iron ore face declines in 2025 on weak Chinese demand Gold likely to climb in 2025 on Trump policy risksBy Naveen Thukral and Florence Tan SINGAPORE, Dec 31 (Reuters) - Cocoa and coffee are poised to close 2024 as the biggest gainers amo
Dec 31, 2024
Copper gains 4.2% in 2024 as positive China data counters strong dollar
SHANGHAI, Dec 31 (Reuters) - Most base metal prices rose on the last trading day of 2024, with copper posting a 4.2% year-on-year increase, driven by encouraging factory activity data from China that outweighed pressure from a stronger U.S. dollar.
Dec 31, 2024
UPDATE 5-South Korea court approves arrest of President Yoon in martial law investigation
SEOUL, Dec 31 (Reuters) - A South Korean court gave authorities approval on Tuesday to arrest President Yoon Suk Yeol after he was impeached and suspended from power for imposing martial law , marking the first time that a sitting president of the country has faced arrest.
Dec 31, 2024
China's Xpeng plans to hire more than 6,000 workers in 2025
BEIJING, Dec 31 (Reuters) - Chinese electric vehicle maker Xpeng 9868.HK will hire more than 6,000 workers in 2025, founder and CEO He Xiaopeng said on Tuesday.He expects market competition to be more intense in 2025 with a price war to begin in January, according to an internal letter reviewed by R
Dec 31, 2024
UPDATE 1-Israel, at UN, warns Houthis risk sharing same fate as Hamas, Hezbollah
Israel's ambassador to the United Nations issued on Monday what he called a final warning to Yemen's Iran-backed Houthi militants to halt their missile attacks on Israel, saying they risked the same "miserable fate" as Hamas, Hezbollah and Syria's Bashar al-Assad if they persisted.
Dec 31, 2024
Migrants in Mexico anxious to enter US legally before Trump ends humanitarian programs
Hundreds of migrants waited in long lines outside an immigration office in southern Mexico on Monday, hoping to secure safe passage north and enter the U.S. legally before President-elect Donald Trump takes office in January.
Dec 31, 2024
Sterling holds out against strong dollar
Dec 30 (Reuters) - The pound stood its ground in thinned-out holiday trading session on Monday and looked set to end the year as the best performing major currency against the relentlessly firming dollar.
Dec 30, 2024
Berlin says Elon Musk trying to exert influence over German election
BERLIN, Dec 30 (Reuters) - U.S. billionaire Elon Musk is trying to exert influence over the German election taking place in February, a government spokesperson said on Monday.
Dec 30, 2024
US STOCKS-Wall St futures slip on elevated Treasury yields
Dec 30 (Reuters) - U.S. stock index futures slipped in light trading volumes on Monday as elevated Treasury yields threatened to pressure a historically strong year-end period for equities.
Dec 30, 2024
Dollar reigns with support of higher yields
Dec 30 (Reuters) - The dollar maintained its firm stance on Monday, while the Japanese yen traded around five-month lows, as global currencies headed to the end of a year characterised by diverging central bank outlooks.
Dec 30, 2024
Oil holds steady in thin holiday trade
LONDON, Dec 30 (Reuters) - Oil prices were broadly steady on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world's two largest oil consumers.
Dec 30, 2024
LIVE MARKETS-STOXX subdued, tech and healthcare weigh
The STOXX 600 .STOXX is down 0.23% on Monday as trading stays thin ahead of a short trading day for many bourses on Tuesday before New Year.
Dec 30, 2024
Smart glasses give tech giants dangerous FOMO
Smart glasses will come into focus in 2025. Meta’s META.O collaboration with EssilorLuxottica ESLX.PA has become a bestseller in most Ray-Ban stores across Europe, the Middle East and Africa, with total sales topping 1 million units, according to Counterpoint Research.
Dec 30, 2024
Gold in holding pattern as markets eye economic data, Fed outlook
Dec 30 (Reuters) - Gold prices slipped in thin trade on Monday, as markets awaited next week's U.S. economic data and the potential impact of President-elect Donald Trump's return to office on the Federal Reserve's 2025 outlook.
Dec 30, 2024
BUZZ-COMMENT-Dollar will continue to ride high for three reasons
Dec 30 (Reuters) - The U.S. dollar looks set to rise further in January due to a combination of seasonal, fundamental and technical factors.
Dec 30, 2024
Some global property catastrophe reinsurance rates to fall 5% to 15% on Jan 1, broker says
Global property catastrophe reinsurance rates will fall 5% to 15% on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter said on Monday, as the market becomes more competitive after years of rate rises.
Dec 30, 2024
