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Funds

Zelenskiy cancels plan to address US lawmakers, fate of aid in balance

U.S. House Speaker Mike Johnson (R-LA) speaks during a press conference on Capitol Hill in Washington, U.S., November 14, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Dec 5 (Reuters) - Ukrainian President Volodymyr Zelenskiy canceled plans to appeal directly to U.S. lawmakers for new aid on Tuesday, as a partisan battle over immigration policy threatened to derail President Joe Biden's request for billions of dollars for Kyiv's fight against Russia.Republicans and Biden's fellow Democrats in the Senate and House of Representatives have been debating for weeks over Biden's October request...
Banking

Global banks forecast improved investment banking outlook

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsNEW YORK, Dec 5 (Reuters) - Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and acquisitions at an industry event on Tuesday.Both M&A activity and initial public offerings (IPOs) faltered last year after Russia's invasion of Ukraine and the U.S. Federal Reserve's aggressive rate hikes to tame inflation."The M&A deals are coming a little faster,"...
Banking

Dollar regains ground after sell off; bitcoin breaches $42,000

A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha Acquire Licensing RightsWASHINGTON, Dec 4 (Reuters) - The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the U.S. Federal Reserve will soon be cutting interest rates, while bitcoin breached $42,000 for the first time since early 2022.The dollar index, which tracks the currency against six major peers, rose by 0.54% to 103.67, while the euro was last down 0.49% to $1.0828"We're kind of...
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