News
Important Only
METALS-Copper hits record high after Citi lifts price outlook
Dec 5 (Reuters) - Copper jumped to a record high on Friday after Citi lifted its price outlook for the metal, while a weak dollar also provided support ahead of an expected U.S. rate cut next week.Benchmark three-month copper CMUCU3 on the London Metal Exchange was up 1.7% at $11,635 per metric ton ...Reuters
Fri, Dec 5
Russia will keep fighting if Ukraine refuses to settle the conflict, Kremlin says
MOSCOW, Dec 5 (Reuters) - Russia will continue its military operation in Ukraine if Kyiv refuses to negotiate a settlement, Kremlin spokesman Dmitry Peskov said on Friday, according to state news agency TASS.Reuters
Fri, Dec 5
Wall St futures steady as investors await key inflation report
Futures: Dow off 0.01, S&P 500 up 0.19%, Nasdaq up 0.40% Dec 5 (Reuters) - U.S. stock index futures were flat to slightly higher on Friday as investors waited for a delayed inflation report to see whether persistent price pressures would affect the Federal Reserve's policy path.The Commer...Reuters
Fri, Dec 5
Silver miners rise on weaker dollar, rate-cut hopes
U.S.-listed shares of silver miners rise premarket, tracking prices of white metal GOL/ Spot silver XAG= rose 1.9% to $58.19/ounce after touching record high of $58.98 on WednesdayPrices rise as strong inflows into exchange-traded funds, expectations of interest rate cuts, and weaker dollar boostedReuters
Fri, Dec 5
Amazon pays Italy 180 million euros to end tax, labour probe, sources say
ROME, Dec 5 (Reuters) - An Italian unit of e-commerce giant Amazon AMZN.O has paid compensation and scrapped a monitoring system for delivery staff, ending a probe into alleged tax fraud and illegal labour practices, sources with knowledge of the matter said on Friday. In July 2024 the group's l...
Reuters
Fri, Dec 5
China stocks snap three-day slide on domestic chip optimism
HONG KONG, Dec 5 (Reuters) - China stocks edged higher on Friday, snapping a three-day losing streak and reversing earlier losses in the week, as renewed optimism on domestic chipmakers boosted sentiment.The Shanghai Composite Index .SSEC closed up 0.7% to 3,902.81, marking its first daily gain afteReuters
Fri, Dec 5
Warner Bros Discovery jumps on Netflix takeover talks; Netflix dips
Warner Bros Discovery shares rise 4.3% premarket after reports Netflix in exclusive talks to buy co's assetsNFLX in exclusive talks to buy WBD's film and TV studios and streaming assets for $28/share, mostly in cashNetflix, which emerged as the top bidder, made a mostly cash offer, Reuters h...
Reuters
Fri, Dec 5
Tesla launches low-cost Model 3 variant in Europe
Tesla faces softening demand in Europe despite Model Y refreshesNew Model 3 variant priced at 37,970 euros in GermanyDefending European market share against cheaper Chinese rivalsDeliveries expected in first quarterBy Marie Mannes STOCKHOLM, Dec 5 (Reuters) - Tesla TSLA.O launched the new, lower-...Reuters
Fri, Dec 5
REFILE-SoftBank's Arm plans to set up chip training facility in South Korea
SEOUL, Dec 5 (Reuters) - South Korea's industry ministry and SoftBank's 9984.T chip unit, Arm Holdings, have signed an agreement to strengthen the country's semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday. The memorandum of understanding i...Reuters
Fri, Dec 5
Dollar hovers near five-week low on Fed rate cut bets
Traders lay 86% odds on a Fed cut on December 10U.S. employment picture murky amid delayed dataYen gains amid reports BOJ likely to hike this monthBy Kevin Buckland TOKYO, Dec 5 (Reuters) - The U.S. dollar languished not far from a five-week low against its major peers on Friday as investors bracReuters
Fri, Dec 5
Airbus confirms November deliveries dip after industrial glitch
PARIS, Dec 5 (Reuters) - Airbus AIR.PA delivered 72 planes in November to reach 657 so far this year, the European planemaker said on Friday.The figure, underscoring a weak November cited by Airbus CEO Guillaume Faury after an industrial glitch, means the world's largest planemaker has to delive...
Reuters
Fri, Dec 5
Netflix in exclusive talks to buy Warner Bros Discovery assets, source says
Netflix offers $28 per share for Warner Bros assets, source saysOffer compares with Thursday closing price of $24.54 Paramount, which has sought to buy whole company, says sale process unfair - CNBC A deal could be announced within days, media reportsBy Milana Vinn Dec 4 (Reuters) - Netflix NFLX....Reuters
Fri, Dec 5
Moore Threads, 'China's Nvidia', soars over 400% in Shanghai debut
Shares open at 650 yuan vs issue price of 114.28 yuanMoore Threads raised $1.1 billion in IPOChina's self-sufficiency drive spurs chipmakers to list SHANGHAI/BEIJING, Dec 5 (Reuters) - Shares of Moore Threads Technology Co 688795.SS, dubbed by analysts as "China's Nvidia", soare...Reuters
Fri, Dec 5
Japan's Nikkei skids in subdued Asia as bets of rate hike grow
SYDNEY, Dec 5 (Reuters) - Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates.Reuters
Fri, Dec 5
Baidu's Kunlunxin, valued at close to $3 billion, eyes Hong Kong IPO, sources say
Dec 5 (Reuters) - Kunlunxin, the AI chip unit of Chinese internet search giant Baidu 9888.HK, is planning an initial public offering in Hong Kong, having recently completed a fundraising that valued it at 21 billion yuan ($2.97 billion), three people familiar with the matter told Reuters.The move coReuters
Fri, Dec 5
China stocks snap three-day slide on chip optimism, but set for weekly loss
HONG KONG, Dec 5 (Reuters) - China stocks edged higher on Friday, snapping a three-day losing streak, on renewed optimism surrounding domestic chipmakers, although major indexes remained on course for a weekly decline.By the midday break, the Shanghai Composite Index .SSEC was up about 0.1% at 3,878Reuters
Fri, Dec 5
Japanese Yen holds steady as BoJ rate hike bets offset weak data; USD/JPY seems vulnerable
The Japanese Yen (JPY) holds steady during the Asian session on Friday and reacts little to the unimpressive data, which showed that Japan's Household Spending unexpectedly fell at the fastest pace in nearly two years in October.
Fxstreet
Fri, Dec 5
US minerals projects seek 'industrial vision' from Washington to compete with China
Washington must move even faster to bolster critical minerals projects and offset Beijing's grip on the world's supply of the building blocks for electronics, weapons and a range of other goods, three U.S. mining and refining executives said on Thursday.Reuters
Fri, Dec 5
