South African business confidence index rises in November

South African business confidence index rises in November

Workers inspect cars newly manufactured from a nearby plant before being loaded on a cargo ship at a port, in East London, in the Eastern Cape province, South Africa, March 19, 2023. REUTERS/Siphiwe Sibeko/File Photo Acquire Licensing Rights JOHANNESBURG, Dec 13 (Reuters) – South African business confidence rose in November, as tourism and merchandise import … Read more

Argentine President Milei warns economic shock unavoidable in maiden speech

Argentine President Milei warns economic shock unavoidable in maiden speech

BUENOS AIRES, Dec 10 (Reuters) – Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to a sharp, painful fiscal shock to fix the country’s worst economic crisis in decades, with inflation heading towards 200%. “There is no alternative to a shock adjustment,” he said … Read more

Global banks forecast improved investment banking outlook

Global banks forecast improved investment banking outlook

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights NEW YORK, Dec 5 (Reuters) – Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and acquisitions at an industry … Read more

Dollar stems decline after heavy November selloff

Dollar stems decline after heavy November selloff

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights SINGAPORE, Dec 5 (Reuters) – The dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon … Read more

Morning Bid: RBA center stage as markets wobble

Morning Bid: RBA center stage as markets wobble

A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. REUTERS/David Gray/File Photo Acquire Licensing Rights Dec 5 (Reuters) – A look at the day ahead in Asian markets. An interest rate decision from Australia and key inflation readings from Japan and … Read more

Britain announces stricter visa measures to reduce net migration

Britain announces stricter visa measures to reduce net migration

[1/2]A sign is seen at the arrivals passport control area of Terminal 5, at Heathrow Airport, London, Britain, March 23, 2023. REUTERS/Toby Melville/files Acquire Licensing Rights PM Sunak says Britain taking ‘radical’ action on migration Government aims for 300,000 fewer migrants than last year Higher minimum salary for skilled workers announced Unions raise concern over … Read more

Bitcoin tops $40,000 for first time since May 2022 as momentum builds

Bitcoin tops $40,000 for first time since May 2022 as momentum builds

Bitcoin and ether hit 2023 highs Rate cut and ETF optimism driving gains Signs of institutional buyers in November – market maker LONDON/SINGAPORE, Dec 4 (Reuters) – Bitcoin has broken above $40,000 for the first time since May 2022 as it rides a wave of momentum on broad enthusiasm about U.S. interest rate cuts and … Read more

Second-hand shopping a $1-billion-plus business for Amazon in Europe

Second-hand shopping a $1-billion-plus business for Amazon in Europe

[1/5]Customers visit the Second Chance Store, a new shop selling returned and refurbished products from Amazon’s Second Chance programmes in-person in central London, Britain November 28, 2023. John Nguyen/Handout via REUTERS. Acquire Licensing Rights LONDON, Nov 29 (Reuters) – Consumer demand for refurbished and pre-owned goods in Britain and across Europe has created a billion … Read more

Stocks hold firm as dollar dithers ahead of US data

Stocks hold firm as dollar dithers ahead of US data

LONDON, Nov 28 (Reuters) – Global stocks steadied on Tuesday, underpinned by the conviction among investors that the Federal Reserve will not raise rates again, which kept the dollar at three-month lows and supported gold above $2,000 an ounce. Traders will have to weigh up data this week on how the U.S. economy fared in … Read more

Cuban family business produces flour from coconut and yucca as shortages fester

Cuban family business produces flour from coconut and yucca as shortages fester

[1/5]Entrepreneur Gabriel Perez, 38, poses for a photo as he checks slices of banana put to dry in his farmland in the rural outskirts of Havana, Cuba, November 22, 2023. REUTERS/Alexandre Meneghini Acquire Licensing Rights HAVANA, Nov 28 (Reuters) – On a small farm outside Havana, a Cuban family-run business produces gluten-free flour from banana, … Read more