(Reuters) -Bitcoin smashing the $100,000 barrier raises the prospect of the cryptocurrency going mainstream, U.S. inflation data will show how much pressure there is on the Fed to adjust rates and central banks in Europe, Australia and Brazil meet. Here’s what to look out for in the week ahead from Marcela Ayres in Brasilia, Kevin …
ABU DHABI (Reuters) – U.S. investment management firm Polen Capital said on Monday it has received preliminary approval for a license to operate from the ADGM, Abu Dhabi’s financial centre, as it looks to capitalise on growth opportunities in the region. Rising company registrations, the appeal of sovereign wealth funds, and the relative ease of …
Asset manager Polen Capital to open Abu Dhabi office in Mideast expansion push Read More »
(Corrects spelling of investment firm to Scalar Gauge in paragraph 6 from Scaler Gauge) By Svea Herbst-Bayliss NEW YORK (Reuters) – Five9 is nearing a settlement with Anson Funds Management after the hedge fund and several other activist investors pushed the U.S. call center software company to make changes that would boost its share price, …
Five9 nears settlement with Anson Funds under activist pressure Read More »
By Scott Murdoch and Himanshi Akhand SYDNEY (Reuters) -Australian lender ANZ Group said on Monday it had appointed former HSBC executive Nuno Matos as its next CEO, replacing Shayne Elliott, who is set to retire in July 2025 after nine years in the role. The Melbourne-based bank, Australia’s No. 4 lender by mortgages, has been …
Australian lender ANZ names former HSBC wealth chief Nuno Matos as new CEO Read More »
By Mumal Rathore and Pranoy Krishna (Reuters) – The Bank of Canada will slash interest rates by a half percentage point at a second consecutive meeting on Dec. 11, according to a majority of economists polled by Reuters, many of whom changed their view on news of a sharp rise in unemployment. The BoC is …
Bank of Canada to slash rates by another 50 bps on Dec. 11: Reuters poll Read More »
By William Schomberg LONDON (Reuters) – One of Britain’s leading employers’ groups on Friday cut its estimate for economic growth next year due to measures in the new government’s first budget, striking a gloomier note than other recent forecasts. Growth in 2025 is now seen at 1.6%, the Confederation of British Industry (CBI) said, down …
UK employers cut growth forecasts as tax hikes weigh on economy Read More »
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada had 1.5 million unemployed people in November, propelling its jobless rate to a near-eight-year high outside of the pandemic era and boosting chances of a large interest rate cut on Dec. 11. The jobless rate rose to a more than expected 6.8% in November, Statistics Canada …
Canada’s 6.8% jobless rate boosts bets for 50-point interest rate cut Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – The Brazilian central bank will step up its campaign to raise interest rates with a big 75 basis point hike on Dec. 11, possibly also hinting at more restrictive monetary policy next year, a Reuters poll showed. That would be the third increase in a row as inflation …
Brazil central bank to step up rate hike campaign on Dec. 11- Reuters poll Read More »
By Gavin Maguire LITTLETON, Colorado (Reuters) -The collapse of France’s government on Wednesday could have far-reaching consequences for Europe’s energy markets and send regional electricity costs soaring. France is by far the largest electricity exporter in Europe, accounting for roughly 60% of net electricity exports so far in 2024, according to energy data service energy-charts.info. …
France’s political woes may trigger fresh Europe energy crisis: Maguire Read More »
By Mike Dolan LONDON (Reuters) -The European Central Bank would happily, if quietly, cheer an even weaker euro exchange rate – and may be far more wary of the opposite at just the wrong time. The euro is likely still too strong for the sort of subdued growth and outsize trade risks the zone faces …
