Morning Bid: Murky US inflation picture
A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market...
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Europe’s shrinking stash heralds economic trouble
LONDON, Nov 14 (Reuters Breakingviews) - The euro zone is a tale of two interest rates: the official one set...
EU agrees mineral supply targets to cut reliance on China
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsCritical minerals law likely to enter force early 2024Deal increases ambitions on recyclingAluminium and synthetic graphite added to key mineralsBRUSSELS, Nov 13 (Reuters) - Negotiators for EU governments and lawmakers reached a deal on Monday on targets for domestic supply of critical minerals such as lithium and nickel to reduce its reliance on third countries, principally China.The European Commission proposed the Critical Raw Materials Act in March, a centrepiece of EU strategy...
Moody’s changes US ratings outlook to negative, affirms AAA
Nov 10 (Reuters) - Moody's on Friday changed the outlook on the government of United States of America's ratings to...
Exclusive: ICBC injects capital into U.S. unit, seeks cyber review -sources
People walk past a booth of ICBC Credit Suisse Asset Management Co at the 2020 China International Fair for Trade in Services (CIFTIS), in Beijing, China September 5, 2020. REUTERS/Tingshu Wang/File photo Acquire Licensing RightsNEW YORK/LONDON, Nov 10 (Reuters) - Industrial and Commercial Bank of China injected capital into its U.S. unit to pay BNY Mellon (BK.N) $9 billion for unsettled trades and hired a cybersecurity firm to help it return online after a ransomware attack, sources familiar with the matter said.ICBC said on Thursday it had been hit by...
Wall St Week Ahead Bargain or trap? US bank stock outlook hinges on Fed’s path
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023....
Novo Nordisk invests $6 bln in Wegovy production, still far below demand -CEO
The logo of Danish drugmaker Novo Nordisk, Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsLONDON/COPENHAGEN, Nov 10 (Reuters) - Obesity drug maker Novo Nordisk (NOVOb.CO) said on Friday it will spend $6 billion to boost production in Denmark, although its chief executive warned the industry was far from being able to produce enough weight-loss drugs to meet global demand.Novo Nordisk has had phenomenal success with its anti-obesity drug, Wegovy, but has scrambled to address shortages that have forced it to limit the number of patients.The World Health...
China’s biggest lender ICBC hit by ransomware attack
Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its branch in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 9 (Reuters) - The Industrial and Commercial Bank of China's (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.ICBC Financial Services, the U.S. unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its...
US Treasury’s Adeyemo sees more actions against Hamas in coming days, weeks
NEW YORK/WASHINGTON, Nov 9 (Reuters) - U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters NEXT on Thursday that the U.S....
Yields jump, stocks fall as Powell suggests higher rates possible
Wall St falls after Powell comments, Treasury auctionUS yields surge after Powell, 30-year auction disappointsBrent ends at over $80/bbl after...
