Author: Press Room
Horizons 0-3 Month U.S. T-Bill ETF(4 declares $0.235 dividend
© Reuters The British pound soared to a two-month peak against the US dollar on Thursday, buoyed by better-than-expected UK economic data. The pair reached a high of 1.2569 during the day’s trading session but later settled around 1.2530. This rally was supported by the release of upbeat UK Services and Composite Purchasing Managers’ Index (PMI) reports for November, which both exceeded market forecasts with readings of 50.5 and 50.1, respectively. Moreover, the Manufacturing PMI showed resilience, climbing to 46.7 amid a quieter trading atmosphere due to the US Thanksgiving holiday. Today, sterling continued its ascent versus the dollar following…
When you buy through our links, Insider may earn an affiliate commission. Learn more Happy Thanksgiving, and welcome to our roundup of the best Black Friday deals. You might think we’ve gone a little early, but most stores have unleashed their top discounts right now as they try to steal a march on their rivals. We’ll keep this article updated through the long weekend before we roll into Cyber Monday next week. Between the two events, we generally find Black Friday deals are a bit better, especially in tech, gaming, mattresses, and the like. You might get some different deals in…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The London Stock Exchange now makes most of its money selling data, and only a small percentage listing stocks. FT digital markets correspondent Nikou Asgari joins Katie Martin to ask what that tells us about global markets, data and the future of London as a finance hub. Also we go short the cryptocurrency BNB and long UK chancellors who don’t blow up the markets. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferFollow Ethan Wu (@ethanywu) and Katie Martin…
© Reuters. Uruguayan President Luis Lacalle Pou attends a signing ceremony with Chinese President Xi Jinping (not pictured) at the Great Hall of the People in Beijing, China November 22, 2023. REUTERS/Florence Lo/Pool/File Photo By Joe Cash BEIJING (Reuters) -Uruguayan President Luis Lacalle Pou and Chinese Premier Li Qiang are keen to keep working on a bilateral free trade agreement as well as pursue one between China and the wider Mercosur trade bloc, according to a joint statement. The statement follows a Thursday meeting in Beijing between the two and comes after China and Uruguay this week upgraded their bilateral…
© Reuters. Karnataka Bank’s stock remained unchanged in early trading today at ₹216.25 on the NSE after the bank announced a partnership with Bajaj Allianz (ETR:) Life to offer life insurance products. The collaboration leverages Karnataka Bank’s extensive network of over 900 branches and Bajaj Allianz’s product capabilities. Despite a 20% year-on-year decline in Q2FY24 net profit to ₹330 crore, the bank saw an increase in net interest income, reaching ₹822 crore (INR100 crore = approx. USD12 million). The bank’s asset quality showed mixed results, with the gross non-performing assets (GNPA) ratio slightly rising to 3.47%, while the net NPA…
The oil market is closely watching the developments within OPEC+ as the group prepares for a virtual meeting on November 30 to discuss potential production cuts. This comes in the wake of a significant increase in US crude inventories and amid expectations of a Chinese stimulus that could impact demand. was trading at $76.50 on Friday, as OPEC+ confirmed it would hold a virtual meeting next Wednesday to deliberate on production strategies. The group, including key player Saudi Arabia, is contemplating maintaining its current output cut of 1 million barrels per day into the next year. This decision is influenced…
© Reuters. The US dollar strengthened against the Canadian dollar early today, with the pair extending its weekly gains to hit 1.3710. This movement comes just before the release of Canada’s Retail Sales report and amid a recovery in West Texas Intermediate (WTI) prices, which have risen to $76.50. The increase in oil prices typically supports the Canadian dollar, known as the Loonie, but market fluctuations spurred by delays from OPEC+ have tempered gains. Bank of Canada Governor Tiff Macklem has suggested that existing policies may be adequate for managing inflation, hinting at a potential pause in interest rate hikes.…
Abortion and gun control are the top priorities for Virginia Democrats heading into the new year after their election wins earlier this month.Bills and resolutions to ensure abortion access and ban so-called assault weapons were filed Monday as Democratic leaders set the agenda for the 2024 legislative session. Democrats propose increasing the state’s minimum wage and automatically restoring voting rights for convicted felons who have completed their sentences.Del. Don Scott, the new speaker of the House and first Black man to hold the office, said the upcoming legislative session will move Virginia forward.”I am especially glad to see the resolution…
Cruise crew members are accusing Carnival UK of threatening to “fire and rehire” 919 of them.A maritime union said Carnival UK filed a notice of mass layoffs as it was negotiating pay cuts.The union said it was similar to a 2022 scandal where another cruise company replaced workers with underpaid foreign workers. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app UK cruise giant Carnival has been accused by union employees of threatening to fire more than 900 crew members if they don’t take pay cuts…