By Allison Lampert and Shivansh Tiwary (Reuters) -Flight attendants at Air Transat have voted to reject a new tentative contract with the Canadian leisure carrier, according to a letter from the union to cabin crew seen by Reuters on Tuesday. More than 98% of the votes cast were against the agreement, as per the letter, …
Canada’s Air Transat flight attendants reject tentative labor deal – letter Read More »
By Manas Mishra and Pratik Jain (Reuters) – The U.S. Food and Drug Administration approved nearly 50% more novel drugs in 2023 than in 2022, putting it back on pace with historical levels, an improvement analysts and investors said could lead to increased investment in biotech firms. FDA nods for innovative therapies containing an active …
US FDA approvals bounce back in 2023, sparking hopes of a biotech recovery Read More »
(Reuters) – French food group Danone said on Tuesday it had signed an agreement to sell its premium organic dairy units in the United States to investment firm Platinum Equity. The sale of the Horizon Organic and Wallaby businesses is part of the company’s portfolio review and asset rotation program the company announced in March …
Danone to sell US organic dairy units to PE firm Platinum Equity Read More »
By Shankar Ramakrishnan (Reuters) – Investor optimism that the Federal Reserve will start cutting interest rates is breathing new life into the market for junk debt, providing timely relief to the lowest-rated companies and likely capping the rate of defaults in 2024. As the U.S. central bank started to raise rates in 2022 and worries …
Analysis-Fed pivot may cap junk bond defaults, but risks remain Read More »
LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from natural disasters such as wildfires, storms and hurricanes. Reinsurers provide insurance for insurers and the prices they agree …
U.S. property reinsurance rates rise by up to 50% on Jan 1-broker says Read More »
By Deep Kaushik Vakil (Reuters) -Gold investors anticipate record high prices next year, when the fundamentals of a dovish pivot in U.S. interest rates, continued geopolitical risk, and central bank buying are expected to support the market after a volatile 2023. Spot gold is on track to post a 13% annual rise in 2023, its …
Gold to enter 2024 with sights set on record highs Read More »
SINGAPORE (Reuters) -Bitcoin stormed above $45,000 on Tuesday for the first time since April 2022 as the world’s biggest cryptocurrency started the New Year with a bang buoyed by optimism around possible approval of exchange-traded spot bitcoin funds. Bitcoin touched a 21-month peak of $45,532, having gained 156% last year in its strongest yearly performance …
Bitcoin climbs above $45,000 for first time since April 2022 Read More »
A look at the day ahead in European and global markets from Rae Wee The 2024 trading year kicked off in Asia with bitcoin surging, gold prices climbing and Chinese markets sliding yet again – all of which point to the fact that even in the New Year, the narrative for markets had not changed …
(Reuters) – Peru’s inflation through 2023 closed at 3.24%, the lowest annual rate in three years, official data showed on Monday after consumer prices rose marginally in December, a small boost for the country in the throws of an economic recession. The central bank had initially projected inflation in 2023 would end at 3.8%, before …
SYDNEY (Reuters) – Australian home prices rose last year, a significant turnaround from the 5% dip seen in 2022, but interest rate hikes and persistent cost of living pressures have somewhat slowed the pace of growth through the final months of the year. Figures from property consultant CoreLogic out on Tuesday showed prices nationally jumped …
Australian home prices surged 8% in 2023 but rates, inflation cloud outlook Read More »
