News
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ANALYSIS-Strong start to online holiday shopping masks signs of a fragile U.S. consumer
US shoppers spent $44.2 billion online since ThanksgivingAmazon and other platforms extended discounts to everyday itemsOne sign of stress: uptick in buy-now-pay-later debtBy Nicholas P. Brown NEW YORK, Dec 2 (Reuters) - The U.S. holiday shopping season kicked off to record online sales. But unde...Reuters
Tue, Dec 2
Low inflationary growth expected next year, US Treasury Secretary Bessent says
WASHINGTON, Dec 2 (Reuters) - The United States' economy will experience low inflationary growth next year, Treasury Secretary Scott Bessent said on Tuesday. "Inflation, led by energy prices, is going to roll next year," Bessent said in remarks during a cabinet meeting at the White House...Reuters
Tue, Dec 2
Russia's VTB eyes US-owned firm in drive to build farm sector champion
VTB in talks to buy US-owned AgroTerra, VTB's CEO saysRussia's No.2 bank aiming to build a farm sector powerhouseCreating a national champion could take up to 5 years, CEO saysBy Elena Fabrichnaya MOSCOW, Dec 2 (Reuters) - Russia's second-largest bank VTB is in talks to buy a major ag...Reuters
Tue, Dec 2
Trump says new Federal Reserve chair to be announced early next year
WASHINGTON, Dec 2 (Reuters) - U.S. President Donald Trump said on Tuesday he would be announcing his selection for the next chair of the Federal Reserve early next year. In remarks at a cabinet meeting, Trump also said Treasury Secretary Scott Bessent does not want that job.Reuters
Tue, Dec 2
Euro zone bond yields set for biggest weekly rise since August
By Lucy Raitano LONDON, Dec 2 (Reuters) - German Bund yields headed for their largest week-on-week rise since August, as slightly hotter-than-expected inflation data on Tuesday added to the case euro zone interest rates may not fall for some time.After a rout in global bonds the previous day, the...Reuters
Tue, Dec 2
Russia's Putin says output fall in some sectors not acceptable
MOSCOW, Dec 2 (Reuters) - Russian President Vladimir Putin said on Tuesday that a fall in output in some sectors of the economy was not acceptable, and a transition to balanced growth remained a goal for the government and the central bank. Speaking at an annual "Russia Calling" investment e...Reuters
Tue, Dec 2
Ford US sales down slightly in November as EVs drag
Dec 2 (Reuters) - Ford Motor Co F.N on Tuesday reported a marginal drop in its U.S. auto sales in November, as sales of its electric vehicles fizzled following the end of tax credits.Demand for electric vehicles has taken a hit after U.S. President Donald Trump's tax and spending bill ended the ...Reuters
Tue, Dec 2
TREASURIES-US Treasury yields mixed as traders evaluate Fed outlook
Traders anticipate Fed's 25 basis point cut next weekFed officials in blackout period, no major data releases expectedJapanese bond yields influence global government bond yieldsBy Karen Brettell NEW YORK, Dec 2 (Reuters) - U.S. Treasury yields were mixed on Tuesday and held within their rece...Reuters
Tue, Dec 2
Brazil's industrial output rises less than expected in October
SAO PAULO, Dec 2 (Reuters) - Industrial production in Brazil rose less than expected in October from the previous month, government statistics agency IBGE said on Tuesday, as Latin America's largest economy shows signs of cooling amid high interest rates.Output was up 0.1% in October from Septem...Reuters
Tue, Dec 2
Silver: Stepping out of Gold's shadow – Commerzbank
In mid-October, the Silver price exceeded the $50 per troy ounce mark for the first time, reaching a record high. At the end of November, this record was broken once again. The current all-time high is almost $59. The price of Silver has doubled since the beginning of the year.Fxstreet
Tue, Dec 2
Romania aims to sell domestic debt worth 4.5 billion lei in Dec
BUCHAREST, Dec 2 (Reuters) - Romania's finance ministry aims to sell domestic treasury bonds and bills worth 4.5 billion lei in December, and an additional 15% worth of the issued paper through non-competitive tenders, it said on Tuesday.The ministry has scheduled 8 bond tenders with residual ma...Reuters
Tue, Dec 2
Tesla's China-made EV sales rise 9.9% in November
BEIJING, Dec 2 (Reuters) - Tesla's TSLA.O China-made electric vehicle sales rose 9.9% in November from a year earlier, as the U.S. automaker grapples with intense competition in China and Europe.Sales of Model 3 and Model Y vehicles made at Tesla's Shanghai factory, including exports to Euro...Reuters
Tue, Dec 2
