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US senators unveil bill to prevent easing of curbs on Nvidia chip sales to China
A bipartisan group of U.S. senators, including prominent Republican China hawk Tom Cotton, on Thursday unveiled a bill that would block the Trump administration from loosening rules that restrict Beijing's access to artificial intelligence chips from Nvidia NVDA.O and AMDReuters
Fri, Dec 5
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
Investors weigh potential for Fed rate cut Peace talks on Russia-Ukraine stallU.S. crude stocks rise vs expected drawBy Georgina McCartney HOUSTON, Dec 4 (Reuters) - Oil prices settled up on Thursday on investors' expectations for the Federal Reserve to cut interest rates, while stalled U...Reuters
Thu, Dec 4
EU hits Meta with antitrust probe over plans to block AI rivals from WhatsApp
EU Commission confirms probe into AI use on WhatsAppMarks latest broadside from EU regulators against Big TechItaly opened a parallel probe earlier this yearBy Foo Yun Chee, Mrinmay Dey and Rishabh Jaiswal BRUSSELS, Dec 4 (Reuters) - EU regulators launched an antitrust investigation into Meta Pla...Reuters
Thu, Dec 4
Eli Lilly $1 trln value is bet on Coke-like future
DUBLIN, Dec 4 (Reuters Breakingviews) - Eli Lilly LLY.N is looking more like a tech giant than a drugmaker. Last month, the creator of Mounjaro and Zepbound’s market value soared past $1 trillion. The U.S. group’s obesity treatments and pipeline of drugs only partly explain the he...
Reuters
Thu, Dec 4
UK's FTSE 100 edges higher as investors assess corporate updates; Burberry rises
Dec 4 (Reuters) - UK's FTSE 100 ticked up on Thursday, with investors assessing corporate updates and economic data suggesting potential weakness, while Burberry gained after an HSBC price target raise on the luxury goods maker.Reuters
Thu, Dec 4
EU considering interim measures against Meta, EU antitrust chief says
BRUSSELS, Dec 4 (Reuters) - EU regulators are considering whether to impose interim measures against Meta META.O over its rollout of artificial intelligence features in its messaging service WhatsApp, EU antitrust chief Teresa Ribera said on Thursday.Ribera, who had earlier opened an investigation i
Reuters
Thu, Dec 4
Gold edges lower on stronger equities as investors look ahead to next Fed meeting
Dec 4 (Reuters) - Gold ticked lower on Thursday as gains in equities markets in Asia and Europe weighed on safe-haven demand, while investors turned their attention to next week's U.S. Federal Reserve meeting and upcoming U.S. data that could shape the outlook for interest rates.Reuters
Thu, Dec 4
Trump could decide next year to withdraw from USMCA trade deal, USTR Greer tells Politico
Dec 4 (Reuters) - U.S. President Donald Trump could decide next year to withdraw from the United States-Mexico-Canada trade agreement (USMCA), Politico reported on Thursday, citing U.S. Trade Representative Jamieson Greer. “The president’s view is he only wants deals that are a good deal. The reasonReuters
Thu, Dec 4
Macron urges Xi to step up efforts on Ukraine, rebalancing global trade
Macron in Beijing for fourth state visit to ChinaFrench President being accompanied by large business delegationUrged China's Xi to cooperate on geopolitics, trade, environmentXi told France to maintain its independence in geopoliticsBy Joe Cash BEIJING, Dec 4 (Reuters) - French President Emm...Reuters
Thu, Dec 4
Asia markets mixed, sentiment tepid as Fed looms
Fed expected to cut rates amid weak economic dataU.S. dollar hits five-week low, continues declineJapanese chipmakers rise after Trump-Nvidia CEO meetingBy Gregor Stuart Hunter SINGAPORE, Dec 4 (Reuters) - The dollar hit a five-week low while Asian stocks made a lacklustre start to Thursday&#Reuters
Thu, Dec 4
Strategy Eyes Bitcoin Lending Partnerships With Big Banks
Strategy CEO Phong Le signaled the company may eventually lend part of its bitcoin holdings once large US banks fully enter the market with institutional-grade custody and lending infrastructure, while stressing that the core strategy remains to “buy and hold bitcoin.” Building A Dollar Buffer Aroun
Bitcoinist
Thu, Dec 4
Novo Nordisk gears up for December Ozempic launch in India, sources say
India emerges as key battleground for GLP-1 drugsNovo races to counter Lilly's Mounjaro in IndiaGenerics loom as semaglutide patent expiry nears in 2026By Rishika Sadam HYDERABAD, India, Dec 3 (Reuters) - Danish drugmaker Novo Nordisk NOVOb.CO will launch its blockbuster diabetes drug Ozempic...
Reuters
Thu, Dec 4
Japan's 30-year bond yields rise to record as auction tests demand
TOKYO, Dec 4 (Reuters) - Record-high yields on 30-year Japanese bonds helped support demand at an auction of the debt on Thursday at a time when the government plans massive debt-fuelled stimulus.The 30-year Japanese government bond (JGB) yield climbed to an unprec...Reuters
Thu, Dec 4
BOJ likely to raise rates in December, government to tolerate move, sources say
TOKYO, Dec 4 (Reuters) - The Bank of Japan is likely to raise interest rates in December with the government expected to tolerate such a decision, three government sources familiar with the deliberations said.The BOJ looks set to proceed with a hike in its policy rate to 0.75% from 0.5%, which was fReuters
Thu, Dec 4
Gold slips as investors turn cautious ahead of Fed meeting, PCE data in focus
Silver hit a record high of $58.98/oz on WednesdayUS private payrolls fell by 32,000 jobs data on Wednesday showedInvestors price in 89% of a rate cut in December - CME FedWatchBy Ishaan Arora and Sherin Elizabeth Varghese Dec 4 (Reuters) - Gold edged lower on Thursday as investors booked profitsReuters
Thu, Dec 4
Dollar soft as rate-cut bets intact, euro at 7-week high
Weak US data bolsters rate cut expectations Euro the major winner amid dollar decline in 2025Yen intervention worries ease but BOJ rate path remains uncertainBy Ankur Banerjee SINGAPORE, Dec 4 (Reuters) - The U.S. dollar was on a weak footing on Thursday after lacklustre economic data seemingly cReuters
Thu, Dec 4
