https://www.globalbankingandfinance.com Get the latest on Banking, Finance, Technology, Insurance and much more for Free. No Paywalls, News, Reviews, Analysis, Opinion & more. Fri, 06 Dec 2024 16:07:56 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://www.globalbankingandfinance.com/us-dollar-mixed-as-jobs-report-backs-december-rate-cut/ Fri, 06 Dec 2024 16:07:20 +0000 https://www.globalbankingandfinance.com/?p=805830 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar was mixed on Friday after data showed the unemployment rate in the world’s largest economy edged higher in November, while gains in nonfarm payrolls were generally in line with expectations, keeping the Federal Reserve on track to cut interest rates later this month. Nonfarm payrolls […]]]> https://www.globalbankingandfinance.com/rouble-rebounds-past-100-vs-us-dollar-after-putins-gas-payments-decree/ Fri, 06 Dec 2024 14:00:02 +0000 https://www.globalbankingandfinance.com/?p=805576 By Gleb Bryanski and Elena Fabrichnaya MOSCOW (Reuters) – The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas, allowing foreign currency flows to resume. The rouble strengthened by 1.5% against the […]]]> https://www.globalbankingandfinance.com/oil-set-for-weekly-loss-on-surplus-fears-despite-opec-cut-extensions/ Fri, 06 Dec 2024 13:29:50 +0000 https://www.globalbankingandfinance.com/?p=805502 By Enes Tunagur (Reuters) -Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026. Brent crude futures were down 66 cents, or 0.9%, to $71.43 per barrel at 1128 GMT. U.S. […]]]> https://www.globalbankingandfinance.com/rattled-by-china-west-scrambles-to-rejig-critical-minerals-supply-chains/ Fri, 06 Dec 2024 12:20:12 +0000 https://www.globalbankingandfinance.com/?p=805296 By Amy Lv, Divya Rajagopal and Ernest Scheyder BEIJING/TORONTO/LONDON (Reuters) – China’s trade restrictions on strategic minerals are starting to hit Western companies where it hurts. Blaming Beijing’s curbs on antimony exports announced in August, German chemicals and consumer goods heavyweight Henkel told customers last month it had declared force majeure and suspended deliveries of […]]]> https://www.globalbankingandfinance.com/uks-ftse-100-slips-on-utilities-losses-indexes-set-for-weekly-gains/ Fri, 06 Dec 2024 11:30:45 +0000 https://www.globalbankingandfinance.com/?p=805117 (Reuters) – The UK’s benchmark FTSE 100 edged lower on Friday, pressured by losses in defence stocks and utilities, while Direct Line jumped after Aviva agreed to buy the insurer. The blue-chip FTSE 100 was down 0.1%, while the midcap FTSE 250 was up 0.3% at 0945 GMT. Both indexes are on track to log […]]]> https://www.globalbankingandfinance.com/analysis-gas-price-shock-set-to-add-to-europes-industrial-pain/ Fri, 06 Dec 2024 09:33:18 +0000 https://www.globalbankingandfinance.com/?p=804743 By Forrest Crellin, Nora Buli and Nina Chestney PARIS/OSLO/LONDON (Reuters) – Europe’s struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas intensifies, and the prospect of reduced Russian supplies looms. Since the energy crisis of 2022, when […]]]> https://www.globalbankingandfinance.com/european-stocks-finish-at-one-month-high-french-politics-in-focus/ Fri, 06 Dec 2024 04:30:26 +0000 https://www.globalbankingandfinance.com/?p=804149 By Joao Manuel Vicente Mauricio and Johann M Cherian (Reuters) -European stocks closed at a more than one-month high on Thursday, aided by bank stocks as investors hoped a new budget could be passed in France after Prime Minister Michel Barnier’s government was toppled. The pan-European STOXX 600 finished 0.4% higher, logging its sixth-straight session […]]]> https://www.globalbankingandfinance.com/personal-goods-stocks-lifts-ftse-100-frasers-slumps/ Fri, 06 Dec 2024 04:00:07 +0000 https://www.globalbankingandfinance.com/?p=804122 (Reuters) -Britain’s FTSE 100 index was barely changed on Thursday, as gains in the personal goods sector were limited by losses in real estate, while Frasers dropped to a more than two-year low after lowering its annual profit forecast. The blue-chip FTSE 100 was up 0.2%, while the midcap FTSE 250 was flat. The personal […]]]> https://www.globalbankingandfinance.com/bitcoin-storms-above-100000-as-trump-2-0-fuels-crypto-euphoria/ Thu, 05 Dec 2024 18:23:10 +0000 https://www.globalbankingandfinance.com/?p=803434 (Reuters) – Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets. Once it broke $100,000 in Thursday’s Asian morning, boosted by U.S. President-elect Trump’s nomination […]]]>