(Reuters) -Cheniere Energy on Monday said it produced first liquefied natural gas (LNG)from a new Texas facility, becoming the second new U.S. export plant this year to increase supplies of the superchilled gas. The U.S. is the world’s largest exporter of LNG and production of superchilled gas from Cheniere’s Stage 3 and Venture Global’s Plaquemines …
Cheniere produces first LNG at Corpus Christi Stage 3 project Read More »
By Marcela Ayres BRASILIA (Reuters) – After months of rancor, ties between President Luiz Inacio Lula da Silva and Brazil’s central bank look poised for an era of sweetness and light – which is precisely what worries some investors. Gabriel Galipolo, 42, is set to take the reins at the bank on Wednesday. The former …
Analysis-Lula’s embrace of new Brazil central banker has markets wary Read More »
By Sneha S K and Sriparna Roy (Reuters) -The U.S. Food and Drug Administration said on Friday that it has approved an injectable version of Bristol Myers Squibb’s blockbuster cancer drug, Opdivo. Opdivo is part of a class of drugs called PD-1 inhibitors, which enhance the immune system’s ability to fight cancer by removing its …
FDA approves injectable version of Bristol Myers Squibb’s cancer drug Opdivo Read More »
(Reuters) -Major brokerages, including BofA and Goldman Sachs, expect the U.S. Federal Reserve to hold interest rates steady in the upcoming January meeting, after the central bank delivered a quarter-percentage-point cut in December. Fed Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation. His remarks …
Factbox-Most brokerages expect Fed to hold rates steady in January meeting Read More »
By Laura Matthews NEW YORK (Reuters) -After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The S&P 500 rose roughly 25% in 2024 through Dec. 27, while the …
Trump’s first actions and job data to test market in January Read More »
SEOUL (Reuters) – South Korea’s factory output fell more sharply than expected in November, government data showed on Monday, amid slowing exports and weakening business confidence. The industrial output index fell 0.7% over the month on a seasonally adjusted basis, after no change in the prior month. That compared with a fall of 0.4% forecast …
South Korea November factory output falls more sharply than expected Read More »
By David French (Reuters) -Wall Street’s holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week. The decline ended the Dow Jones Industrial Average’s five-session winning streak that had followed …
Wall St finishes down after sell-off at end of strong holiday-shortened week Read More »
(Reuters) -The U.S. Federal Deposit Insurance Corporation has reached a deal with Vanguard that will strengthen the rules under which the investment management giant can take big stakes in large U.S. financial institutions, according to an agreement published by the watchdog on Friday. The agreement gives the FDIC more ability to monitor Vanguard’s investment activities …
Vanguard reaches deal with US bank regulator over control of bank stakes Read More »
By Jasper Ward and Kanishka Singh WASHINGTON (Reuters) – The U.S. Treasury Department may need to take “extraordinary measures” by as early as Jan. 14 to prevent the United States from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday. Yellen urged lawmakers in the U.S. Congress to act …
US may hit new debt limit as early as Jan 14, Yellen says Read More »
By Kanishka Singh WASHINGTON (Reuters) – There was a record 18% rise in homelessness in the U.S. in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the U.S. Department of Housing and Urban Development said on Friday. WHY IT’S IMPORTANT The problem of homelessness has …
US homelessness rose by record 18% in latest annual data Read More »
