(Bloomberg) — The two top executives at trading house Mercuria Energy Group Ltd. shared over $1 billion in dividends in 2023, marking one of the biggest paydays for any individual commodity traders in history. Most Read from Bloomberg The vast haul for Chief Executive Officer Marco Dunand and President Daniel Jaeggi cements the pair’s status … Read more
BEIJING (Reuters) – China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to spur investment, Vice Finance Minister Liao Min said on Friday. More proactive fiscal policy can be expected in 2025, in terms of its strength, efficiency and timing, Liao said at a … Read more
The UK’s long-term borrowing costs have hit the highest levels since 1998.Photograph: Amer Ghazzal/REX/Shutterstock Concerns over the UK government’s borrowing costs were revived on Friday after stronger-than expected US jobs figures triggered volatile conditions in global financial markets. In an accelerating global bond market sell-off, investors warned that the UK was particularly exposed amid growing … Read more
X said today that it will now label parody or satire profiles to differentiate them from other accounts. In the past, users, including news presenters, have mistaken posts from parody accounts as authentic statements made by the actual people or entities. X said that the label would be visible on both accounts and posts. “We’re … Read more
The outbreak of foot-and-mouth occurred at a farm near Berlin (Odd ANDERSEN) Germany on Friday registered three cases of foot-and-mouth disease in water buffalo on a farm near Berlin, the country’s first reported cases of the livestock disease since 1988. Foot-and-mouth disease is a highly contagious viral infection that is not dangerous to humans but … Read more
By Siddarth S (Reuters) – Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA Global Research forecasting a potential rate hike from the central bank. “We think the cutting cycle is over … Our base case has the Fed on an extended hold. But we … Read more
Attendees watch as a robot walks around during a demonstration at the Unitree Robotics booth during the Consumer Electronics Show (CES) in Las Vegas (Ian Maule) Today’s robots perform safety checks at industrial plants, conduct quality control in manufacturing, and are even starting to keep hospital patients company. But soon — perhaps very soon — … Read more
A hot jobs report makes it even more likely the Federal Reserve won’t cut rates at its first meeting of the year in January — or for the foreseeable future. “I think they are done here,” Blake Gwinn, the head of US rates strategy at RBC Capital Markets, told Yahoo Finance on Friday. “That January … Read more
The UK has announced sanctions against two Russian oil firms as the Foreign Secretary pledged to “hit Putin where it hurts” amid the continuing war in Ukraine. Britain and the US are sanctioning Gazprom Neft and PJSC Surgutneftegas, which, according to the Foreign, Commonwealth and Development Office (FCDO), between them produce more than one million barrels … Read more
(Bloomberg) — Economists at Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. pared back their forecasts for additional Federal Reserve interest-rate cuts in response to stronger-than-expected December US employment data released Friday. Most Read from Bloomberg Bank of America, which previously expected two quarter-point reductions this year, no longer expects any, and … Read more