KYIV (Reuters) -A Russian missile attack killed one person and damaged buildings across Kyiv, local officials said, after explosions were heard in Ukraine’s capital on Friday. The rush-hour attack sparked fires in several buildings and damaged multiple office buildings, according to the head of Kyiv’s military administration, Serhiy Popko. Russian forces used eight missiles, including hypersonic Kinzhal missiles and Iskander/KN-23 ballistic missiles, to carry out the attack, according to Popko. Mayor Vitali Klitschko said that the attack injured at least seven people, four of whom were taken to the hospital. Ukrainian air defences were engaged in repelling the missile attack…
Author: user
(Bloomberg) — Oil rose as strong US crude exports signaled firm global demand before paring gains after the Federal Reserve reduced the number of rate cuts it expects to make next year. Most Read from Bloomberg West Texas Intermediate advanced 0.7% to settle below $71 a barrel, while Brent edged higher to settle above $73. WTI’s gain shrank after the session as the Federal Reserve’s outlook for 2025 boosted the dollar, making commodities priced in the currency less attractive. “Oil bulls are already trying to thread the needle here in 2025 with what needs to go right for higher prices,”…
Beijing’s mayor called on AstraZeneca Plc to expand its research and development investment in the Chinese capital, signaling that a probe against some of its executives won’t affect business ties with the UK drugmaker. Source link
Investors should look to the unloved region of Europe for opportunities, according to fund manager Sean Peche, who said there are some “very attractively priced” companies in the region.Europe has fallen out of favor, Ranmore Fund Management’s Peche told CNBC’s Silvia Amaro — and investors have been distracted by Donald Trump’s U.S. election win.”At the same time as Europe’s been struggling you’ve had this Trump euphoria,” Peche said. “So everyone’s been rushing to invest in the U.S. … But running off to the latest, shiniest thing is not normally a good way to make money.”Peche shrugged off investor concerns over France, which…
Image source: Getty Images The troubles afflicting FTSE 250 income stock abrdn (LSE: ABDN) have been well documented, and they’re not over yet. The asset manager was formed in March 2017 via the £11bn merger between Standard Life and Aberdeen Asset Management. Instead of driving value, the ill-fated mash up destroyed it. Today, the group’s worth less than £2.5bn. Pretty much everything that could have gone wrong, did. Everything from losing valuable investment mandates to seeing flagship funds collapse and embarking on a ridiculed company rebrand. Can the share price recover in 2025? Since launch, the abrdn share price has…
By Bing Hong Lok SINGAPORE (Reuters) – Slowing inflation has created room for Singapore’s central bank to ease monetary policy in January but it may wait until later in 2025 so it can assess incoming U.S. President Donald Trump’s policies, analysts said ahead of key data next week. A Reuters poll found that November inflation data on Monday, which could be the last inflation read before the Monetary Authority of Singapore reviews policy next month, is expected to show the core rate steady at October’s three-year low of 2.1%. The MAS has forecast core inflation would be around 2% in…
Image source: Getty Images The Lloyds Banking Group (LSE:LLOY) share price has taking a beating in recent months due to the ongoing motor finance scandal. However, savvy investors might see this as an opportunity rather than a setback. Here’s why Lloyds shares could be poised for a recovery and more in 2025. Strong fundamentals Despite concerns about the size of the potential fine resulting from mis-sold motor finance, Lloyds’ core business remains robust. The FTSE 100 bank’s performance in the third quarter of 2024 was solid, with growth in income alongside continued cost discipline and strong asset quality. This resilience…
(Bloomberg) — It’s been a challenging couple of years for real estate stocks since the Federal Reserve started raising interest rates in 2022, as borrowing costs soared and the property market collapsed. And despite a healthy rebound in the middle of 2024, the outlook for 2025 isn’t particularly encouraging. Most Read from Bloomberg But that doesn’t mean investors should expect a sea of red in real estate shares next year. Rather, it will likely be a stock-picker’s market, where some rise, some fall, and the group doesn’t move in unison, according to Adam White, senior equity analyst at Truist Advisory…
Investing.com – Cardano was trading at $0.8849 by 00:56 (05:56 GMT) on the Investing.com Index on Friday, down 10.10% on the day. It was the largest one-day percentage loss since December 9. The move downwards pushed Cardano’s market cap down to $31.4762B, or 0.94% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B. Cardano had traded in a range of $0.8691 to $0.9177 in the previous twenty-four hours. Over the past seven days, Cardano has seen a drop in value, as it lost 18.53%. The volume of Cardano traded in the twenty-four hours to time…
Traders work at the New York Stock Exchange on Dec. 17, 2024.NYSEU.S. stock futures fell on Friday morning as traders anticipated the latest reading of the Federal Reserve’s favorite inflation gauge.Futures tied to the Dow Jones Industrial Average lost 88 points, or about 0.2%. S&P 500 futures also dropped around 0.3%, while Nasdaq 100 futures slid 0.6%.Futures took a turn lower after a Trump-endorsed House Republican measure to fund the government for three months and avert a government shutdown failed on Thursday night. Without a deal to fund the government and a bill that’s passed the House and Senate and…