(Corrects paragraph 6 to drop repetition of Xi’s title and given name. Given name was spelt incorrectly.) By Marco Aquino LIMA (Reuters) -Peru and China will sign an updated free-trade agreement during President Xi Jinping’s upcoming visit to the Andean nation that would boost commerce by at least 50% between the countries, Peru’s foreign minister said on Friday. In an interview with Reuters, Minister Elmer Schialer said the Chinese president would travel to Peru with a delegation of 400 business people interested in investing in infrastructure and technology projects in the country. The free-trade agreement was originally signed in 2009…
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What’s going on here?Gold prices are lingering near a one-month low as investors await pivotal US economic data and insights from the Federal Reserve. Meanwhile, the strengthening US dollar continues to decrease gold’s international appeal.What does this mean?Upcoming US economic reports, like the Consumer Price Index (CPI) and Producer Price Index (PPI), are crucial in shaping investors’ inflation expectations and the Fed’s future rate actions. The central bank recently trimmed its benchmark rate by 25 basis points, fueling speculation about another potential cut in December with 66% odds. Yet, Trump’s policies could spur inflation, possibly leading to rate hikes, which…
The Republicans are projected to keep the United States House, giving the party total control of the government after taking a majority in the Senate along with Donald Trump’s election win.Decision Desk HQ called the race for the House at 12:13 am UTC on Nov. 12, projecting the GOP would win the 218 seats needed for a majority after it projected Republican Juan Ciscomani would be reelected to represent Arizona’s 6th congressional district.There are eight seats still left to call, according to Decision Desk HQ. The GOP is currently leading in races that are still ongoing for Alaska’s only seat, along…
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was centred on bitcoin as it soared to a record peak underpinned by investor bets on assets that are likely to benefit from Donald Trump’s election win. Investors anticipate Trump’s second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world’s biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possible tariffs from the new White House administration has put the euro under pressure, with the single…
Article 6.4, a section under the Paris Agreement which lays out the foundation for countries to trade carbon credits, has been one of the longest-standing disputes at the COP negotiations due to disagreements on the integrity of these rules, or how to make sure any promised emissions reductions are additional and can be easily verified. Last year’s COP28 summit in Dubai failed to deliver a consensus to operationalise the mechanism, despite high hopes of a positive outcome.Proponents of the global carbon market say the mechanism will advance sustainability goals, as well as funnel billions of dollars into emissions-cutting projects in developing countries. COP29 president Mukhtar Babayev hailed the decision that came…
The California Air Resources Board approved changes to the Low Carbon Fuel Standard program, which is expected to raise gas prices, but CARB won’t say how much. SACRAMENTO, Calif. — Gas prices are going to go up in California, but nobody can say by how much. That’s after the California Air Resources Board (CARB) approved changes to the Low Carbon Fuel Standard (LCFS), as ABC10 reported Friday. That’s a program aimed at helping the state meet its climate goals and reduce pollution. “The LCFS is one of the state’s most important and influential climate programs,” Steven Cliff, CARB’s executive officer,…
President-elect Donald Trump’s return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. The Republican sweep of the presidency and, potentially, both houses of Congress has triggered what analysts call the return of “Trump trades” — but with key differences to 2016 that could reshape the investment outlook. The immediate market reaction has been positive for U.S. assets , with small-cap stocks and sectors like banking and technology seeing solid gains. The Russell 2000 small-cap U.S. stock market index is up over 8%…
PORT-AU-PRINCE (Reuters) -A Spirit Airlines (NYSE:) flight destined for the Haitian capital of Port-au-Prince was struck by gunfire on Monday, forcing it to be diverted to the neighboring Dominican Republic. Spirit said in a statement that the plane had been damaged and taken out of commission upon landing in the northern Dominican city of Santiago. A flight attendant was injured in the incident, Spirit said. The Miami Herald had reported that the attendant was grazed by a bullet. No passengers were injured, Spirit added. A video circulating on social media, which appears to have been taken by a Spirit employee…
ILLINOIS (WCIA) — Counties, nonprofits and more in Illinois will soon be able to apply for grant funding to improve tourism throughout the state. Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced that over $2 million in tourism funding will be available through two different grants. Illinois allows veterans to adopt pets with no fees The Tourism Attractions Grant Program has $1.7 million in funding, and the Tourism Private Sector Grant Program will give out $600,000. Those eligible for both of the tourism grants include counties, municipalities, not-for-profit organizations, local promotion groups and for-profit…
By Niket Nishant (Reuters) -Morgan Stanley’s private equity arm is selling its heating, ventilation and air conditioning (HVAC) business, Sila Services, about three years after it invested in the company to take advantage of the growing interest in the sector. Pennsylvania-based Sila will be sold to the private equity unit of Goldman Sachs Alternatives, Morgan Stanley (NYSE:) said on Monday, but did not disclose the financial terms of the deal. Reuters had reported in September that a transaction could value Sila, which provides residential HVAC, plumbing and electrical services, at about $1.5 billion, including debt. HVAC companies have emerged as…