By Andy Home LONDON (Reuters) -Investors lost faith in tin’s bull narrative towards the end of 2024, slashing bets on a further rally and helping crash the price. Tin had been the star performer among the London Metal Exchange (LME) base metals pack until then with year-to-date gains of over 40% in both April and …
Tin falls back to earth but supply problems haven’t gone away: Andy Home Read More »
By Kevin Yao BEIJING (Reuters) – China’s economy likely rebounded in the fourth quarter as several rounds of policy stimulus kicked in, enabling the government to largely meet its 2024 growth target, though the risk of new U.S. tariffs could hold back a broader recovery. A Reuters poll predicts gross domestic product (GDP) grew 5.0% …
China expected to hit 2024 GDP target, but tariffs loom Read More »
SAO PAULO (Reuters) – The final version of the Brazilian tax reform sanctioned on Thursday by Brazil President Luiz Inacio Lula da Silva is slightly higher than the one approved by the lower house before it went to the senate, special secretary for tax reform Bernard Appy said. The final tax rate keeps the essence …
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, the Wall Street Journal reported on Thursday. “I have over the last several months become more comfortable that this is a stabilization of the job market at a full-employment-like level, as opposed to something that …
By Summer Zhen HONG KONG (Reuters) – Asian hedge funds delivered their strongest returns in 15 years last year, capitalising on market volatility, winners in China’s wobbly economy and opportunities in artificial intelligence (AI). The HFRI Asia with Japan Index, which tracks hedge funds that mainly invest in the region, rose 12.1% last year – …
Asian hedge funds’ 2024 performance best in 15 years Read More »
By Marc Jones LONDON (Reuters) – A ceasefire in the war in Gaza should be positive for Israel’s under-pressure credit rating, Fitch’s top sovereign rating analyst said on Thursday. Israel’s “A” rating is currently on a downgrade warning, or a “negative outlook” in rating agency-speak. “We’ve got Israel on negative, I guess that’s something that’s …
Gaza ceasefire should take pressure off Israel’s credit rating, Fitch says Read More »
ATHENS (Reuters) – Greece has received 18 billion euros ($18.5 billion) in grants and loans from the European Union’s Recovery Fund since 2021, equivalent to about 8% of its economic output, the government said on Thursday. After years of under-investment due to a 2010-2018 financial crisis, Greece has improved its uptake of European funds, tackling …
Greece has tapped 18 billion euros from EU’s Recovery Fund Read More »
WASHINGTON (Reuters) – U.S. import prices barely rose for a third straight month in December as a surge in the costs of fuels ad foods was offset by weakness elsewhere, which bodes well for the inflation outlook. Import prices edged up 0.1% last month, matching the reading from the previous two months, the Labor Department’s …
TORONTO (Reuters) – Canadian housing starts fell 13% in December compared with the previous month as groundbreaking decreased on multiple unit and single-family detached urban homes, data from the national housing agency showed on Thursday. The seasonally adjusted annualized rate of housing starts fell to 231,468 units from a revised 267,140 units in November, the …
Canadian housing starts fall 13% in December -CMHC Read More »
By Clyde Russell LAUNCESTON, Australia (Reuters) -“This time it’s different” is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions against Russia’s crude oil exports. Oil prices jumped in the wake of the new measures aimed at preventing Russia from shipping crude using a so-called “dark fleet” of tankers. …
China response key to crude oil after new sanctions on Russia: Russell Read More »
