News
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PJM responds to Pennsylvania Governor's complaint over power market rules
Dec 31 (Reuters) - Grid operator PJM Interconnection responded on Tuesday to a complaint from Pennsylvania Governor Josh Shapiro over power market rules, citing concerns about potential power shortages due to the fast-paced expansion of data centers.Shapiro had filed a complaint with the Federal Ene...Reuters
Dec 31, 2024
UPDATE 2-Nippon Steel offers US government veto power in bid for US Steel approval, source says
Adds White House comment in paragraph 4By Alexandra AlperDec 31 (Reuters) - Japan's Nippon Steel 5401.T has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's X.N production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring th...Reuters
Dec 31, 2024
UPDATE 1-Nippon Steel offers US government veto power in bid for US Steel approval, source says
Recasts headline and first paragraph with confirmation from sourceBy Alexandra AlperDec 31 (Reuters) - Japan's Nippon Steel 5401.T has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's X.N production capacity, as part of its efforts to secure President Joe Biden'...Reuters
Dec 31, 2024
Nippon Steel offers US government veto power in bid for US Steel approval, WaPo reports
Dec 31 (Reuters) - Japan's Nippon Steel 5401.T has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's X.N production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker, the Washington Post reported on Tu...Reuters
Dec 31, 2024
UPDATE 1-Cash floods into Fed's reverse repo facility on final day of 2024
Fed liquidity tool sees expected end-of-year surgeFed reverse repos jump as firms adjust books for turn of yearCash expected to quickly flow from reverse repos as 2025 beginsAdds background on Fed liquidity operationsBy Michael S. Derby Dec 31 (Reuters) - Cash flooded into the Federal Reserve’s r...Reuters
Dec 31, 2024
TREASURIES-US yields dip as year-end buyers step in; volatility seen in 2025
US 10-year yield on track for best yearly gain in two yearsUS two-year yields hit two-week lowTwo/10-year yield curve reaches steepest since June 2022 US home prices rise in OctoberBy Gertrude Chavez-DreyfussNEW YORK, Dec 31 (Reuters) - U.S. Treasury yields slipped on Tuesday in thin trading as inve...Reuters
Dec 31, 2024
UPDATE 2-China factory activity grows more slowly, services recover
China Dec manufacturing PMI 50.1 versus 50.3 in NovNon-manufacturing PMI recovers to 52.2 from 50.0 in NovPolicymakers hopeful stimulus will spark property reboundU.S. tariff threats cloud long-term outlook Adds analyst comment in paragraphs 5-6, 11-12, 20-21, stocks, and official composite PMIBy Jo...Reuters
Dec 31, 2024
UPDATE 1-China Dec factory activity expands at slower pace as trade risks rise
China factory activity grows more slowly in DecNon-manufacturing activity acceleratesOfficials hopeful stimulus will spark property rebound BEIJING, Dec 31 (Reuters) - China's manufacturing activity grew for a third straight month in December but barely, an official factory survey showed on Tuesd...Reuters
Dec 31, 2024
China Dec manufacturing activity expands for third month
BEIJING, Dec 31 (Reuters) - China's manufacturing activity expanded for a third straight month in December but at a slower pace, an official factory survey showed on Tuesday, suggesting a blitz of fresh stimulus is helping to support the world's second-largest economy.The official purchasing manager...Reuters
Dec 31, 2024
