Author: Press Room

In this edition: will non-doms leave the UK if their status is scrapped; weak yen lures foreign money to the ski resort of Niseko; Asian families turn to pre-nups to protect their wealth; Uruguay’s stability and tax breaks attract affluent Argentines

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell answers a question during a press conference at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque/File Photo A look at the day ahead in European and global markets from Ankur Banerjee With a blockbuster November in the rear view mirror, investors are gearing up for a bright start to December in Europe, full of expectations that central banks will soon start cutting rates, although a “fireside chat” with Fed Chair Jerome Powell later in the day could spoil the party. A calendar full of manufacturing PMIs from countries…

© Reuters Australia stocks lower at close of trade; S&P/ASX 200 down 0.20% Investing.com – Australia stocks were lower after the close on Friday, as losses in the , and sectors led shares lower. At the close in Sydney, the lost 0.20%. The best performers of the session on the were Perenti Global Ltd (ASX:), which rose 6.67% or 0.07 points to trade at 1.12 at the close. Meanwhile, Iress Ltd (ASX:) added 4.27% or 0.30 points to end at 7.33 and Pointsbet Holdings Ltd (ASX:) was up 4.00% or 0.03 points to 0.78 in late trade. The worst performers…

© Reuters. Investing.com– Most Asian currencies kept to a tight range on Friday, while the dollar rebounded from 3-½ month lows in anticipation of more cues on interest rates from Federal Reserve Chair Jerome Powell.  Regional currencies cooled slightly after a stellar rally through November, amid growing conviction that the Fed was done raising interest rates. The central bank is now widely expected to begin trimming rates in 2024, with markets now seeking more cues on the timing of the rate cuts.  Some mixed economic readings from Asia also provided middling cues to markets. was flat after a showed that…

Former President Donald Trump’s team went after Florida Gov. Ron DeSantis in a scathing message on Truth Social on Thursday saying that his GOP opponent is “thirsty” like an “OnlyFans” model and debating California Gov. Gavin Newsom because he is “so desperate for attention.””Ron DeSanctimonious is acting more like a thirsty, third-rate OnlyFans wannabe model than an actual presidential candidate. Instead of actually campaigning and trying to turn around his dismal poll numbers, DeSanctus is now so desperate for attention that he’s debating a Grade A loser like Gavin Newsom,” Trump Spokesperson Steven Cheung said in a press release titled…

Cybersecurity stocks have performed well in 2023, rising about +26.5% YTD, with the security backdrop boosted by an increase in data breaches and ransomware. Quarterly spending has increased approximately +12.7% YoY to ~$37.6 billion through the first half of the year, although commentary from sector leaders Fortinet and Palo Alto raised some concerns about spend optimization, with billings forecasts from the two weaker than expected. Despite beating on the top and bottom lines, Zscaler provided flat billings guidance while revenue growth is set to slow. CrowdStrike was GAAP profitable from operations for the first time ever as net new ARR…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Labour government would accelerate the roll out of “banking hubs” and give new powers to financial regulators to guarantee access to cash for people across the UK if it wins the next general election, the party is set to announce.Shadow chancellor Rachel Reeves will say that a Labour government would expand the national network of banking hubs, which enable people to deposit and withdraw money as well as get help with banking services, according to people with knowledge of the plans.Labour’s…

© Reuters. FILE PHOTO: A giant crane moves a shipping container at Pusan Newport Terminal in Busan, South Korea, July 1, 2021. REUTERS/Kim Hong-Ji/File Photo By Jihoon Lee and Cynthia Kim SEOUL (Reuters) -South Korea’s exports beat expectations and accelerated in November as overseas sales of chips rose for the first time in 16 months, adding to evidence global demand is strengthening. Exports by Asia’s fourth-largest economy gained 7.8% year-on-year to $55.80 billion, speeding up from a rise of 5.1% a month before to mark the fastest growth since July 2022 and also beating a 4.7% gain in a Reuters…

© Reuters. FILE PHOTO: View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. REUTERS/Aris Martínez/File Photo (Reuters) – The CEO of First Quantum (NASDAQ:) Tristan Pascall has arrived in Panama, a company spokesperson said on Thursday after the Central American nation ordered the Canadian miner to shut down its key project. This is the first visit of the CEO since public protests erupted over the signing of a new contract on Oct. 20. The spokesperson did not give details of Pascall’s agenda in the country.

Mikko Lemola/iStock via Getty Images JP Morgan has started coverage of newly public Lexeo Therapeutics (NASDAQ:LXEO) with an overweight rating, stating it saw potential upside with continued de-risking of its drug candidates. The investment bank said it believes the company’s lead drug candidate LX2006 provides an innovative approach for the treatment of Friedreich’s ataxia, potentially being able to restore cardiac function and reverse disease abnormalities. It added that upcoming clinical catalysts “could help the stock work over the next six to twelve months, to the extent Lexeo’s candidates/approach see further de-risking.” JP Morgan set its price target for the stock…