Author: FX

BEIJING (Reuters) – China criticised new U.S. military aid to Taiwan on Sunday, saying the $571 million package seriously violates the “one China principle” and provisions of joint communiques between China and the U.S. China will take “all necessary measures” to protect its sovereignty and territorial integrity, a foreign ministry spokesperson said, calling Taiwan “a red line that must not be crossed” in China-U.S. relations, according to a statement released by the ministry. Beijing considers democratically governed Taiwan its own territory, a claim the government in Taipei rejects. Source link

Boris Vujčić, Governor of the Croatian National Bank and European Central Bank Governing Council member spoke in an interview Saturday, confirming what we all know – more rate cuts to ahead from the Bank. “The direction is clear, it’s the continuation of the direction from 2024, and that is the further reduction of interest rates”He doesn’t know where the terminal rate will be:“That will be determined by data, primarily the inflation rate, will it decelerate, according to our projections, and we will see the impact of the transmission of the monetary policy, and our projections.”On Trump tariffs:“If there is a…

Dec. 21, 2024 2:36 PM ETTrane Technologies plc (TT) Stock, UNCFF Stock, CRZBF Stock, LUMN Stock, TPG Stock, CCI Stock, MKC Stock, ACN Stock, BHLB Stock, BRKL Stock, ASAZY Stock, NWBI Stock, PWOD Stock, NXPI Stock, HCP Stock, IBM StockBy: Arundhati Sarkar, SA News Editor Maks_Lab A quick look at a list of key deals reported this week across sectors: McCormick (NYSE:MKC) is in discussions to purchase Sauer Brands, best known for its Duke’s mayonnaise brand, for more than $1 billion. Accenture (NYSE:ACN) to Source link

BERLIN (Reuters) – Here is what we know so far about the man who was arrested as the suspected driver in a car-ramming attack on Friday at a Christmas market in the German city of Magdeburg in which five people were killed and some 200 injured. LIFE IN GERMANY The suspect is a 50-year-old from Saudi Arabia with permanent residence status in Germany, where he has been living for almost two decades. The suspect has not been named by authorities. Multiple German media reports refer to him as Taleb A. The suspect had worked as a psychiatrist at a specialist…

The White House is considering exempting Mexico from tariffs on solar equipment imports, an 11th hour change that would largely benefit Maxeon Solar Technologies, Bloomberg reported Saturday, citing people familiar with the matter. According to the report, the exemption Source link

MOSCOW (Reuters) -The airport in the Russian city of Kazan reopened on Saturday after temporarily closing earlier in the day following a Ukrainian drone attack, Russia’s aviation watchdog said. Russian state news agencies reported the drone attack on a residential complex and other areas in Kazan, some 500 miles (800 km) east of Moscow. The Defence Ministry said the city had been attacked by three waves of drones between 7:40 a.m. and 9:20 a.m. (0440 and 0620 GMT). It said three drones were destroyed by air defence systems and three others by electronic warfare systems. There were no casualties reported,…

BERLIN (Reuters) – The death toll from a car-ramming at a German Christmas market in the city of Magdeburg rose to four on Saturday, according to German newspaper Bild, after a suspect on Friday ploughed into a large crowd of visitors. German authorities are investigating a Saudi doctor, arrested as the suspected driver of the car, with Der Spiegel magazine reporting he had sympathies with the far-right Alternative for Germany (AfD) party. Over 60 people were injured, some of them seriously, when a vehicle drove through crowds gathered at a market in the central city, local officials said. A young…

All eyes and ears were on the last FOMC statement for the year, although a few surprise catalysts still caused huge swings in overall sentiment. For instance, mostly downbeat data points from China weighed on risk appetite early on while the Dow chalked up its largest losing streak since 1978. Bitcoin, on the other hand, snagged fresh all-time highs yet again. Here’s what drove broad market price action in the past week. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic…

Forex traders were on their toes throughout the week, as another batch of major central bank announcements and  a busy economic calendar rocked the markets. Source link

By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics (KS:) and up to $1.61 billion for Texas Instruments (NASDAQ:) to expand chip production. The department also finalized an award of up to $407 million to help fund Amkor Technology (NASDAQ:)’s planned $2 billion advanced semiconductor packaging facility in Arizona, which is set to be the largest of its kind in the U.S. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of up to $6.4 billion…