OPEC is facing weakening demand for its crude in the first half of 2024 just as its global market share declines to the lowest since the Covid-19 pandemic on the back of output cuts and member Angola's exit, according to Reuters calculations and data from forecasters.
Health care stocks were steady premarket Thursday with the Health Care Select Sector SPDR Fund (XLV) and iShares Biotechnology ETF (IBB) recently inactive.
Will 2024 be the year Dutch Bros (NYSE: BROS) stock finally takes off? The drive-thru coffee chain went public in 2021, jumped 108% within about a month, and promptly plunged. It's now nearly 60% off its highs.
Technology stocks were advancing premarket Thursday as the Technology Select Sector SPDR Fund (XLK) and the SPDR S&P Semiconductor ETF (XSD) were both gaining 0.3% recently.
Turkey's radio and television watchdog RTUK on Thursday placed a two-week broadcasting ban on the popular television series "Kizil Goncalar" (Crimson Buds), a board member said, as it was deemed to be against "society's national and spiritual values".
Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world's top five automakers.
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an outlook released on Thursday.
(RTTNews) - Elpiscience Biopharma, Ltd., a privately held, clinical-stage biopharmaceutical company, and Astellas Pharma Inc. (ALPMY, ALPMY) has entered into a research collaboration and license agreement for novel bi-specific macrophage engagers, ES019 and another program. The c
The dollar nursed steep losses on Thursday and was headed for a yearly decline, while the Swiss franc perched at a nine-year peak and the euro at a five-month high on expectations that 2024 will bring deep rate cuts.
Russian pawnbroker Mosgorlombard raised 303 million roubles ($3.33 million) in an initial public offering (IPO) on the Moscow Exchange, the company said on Thursday.
Asian shares scaled five-month peaks on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, while also leaving plenty of scope for disappointment in the new year.
A huge two-month rally in bond prices, powered by expectations that central banks will soon be cutting interest rates, has rescued fixed income markets from an almost unheard-of third straight year of declines.
U.S. President Joe Biden hoped to present a firm international response to Yemen's Houthi attacks on Red Sea shipping by launching a new maritime force, but a week after its launch many allies don't want to be associated with it, publicly, or at all.
As a strong year in U.S. stocks winds down, fund managers face a potentially consequential choice in 2024: stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market.
The six-member Gulf Cooperation Council (GCC) and South Korea signed a free trade agreement (FTA) on Thursday in the Korean capital Seoul, the GCC said a statement.
Australian shares tracked global markets higher on Thursday to close at their highest level in 20 months on rising bets that key central banks will start trimming interest rates early next year.
The Indian rupee was slightly up on Thursday, thanks to the U.S. Federal Reserve's rate cut expectations, with some analysts reckoning that factor will contribute to the currency seeing a rally in 2024.
China's yield curve is expected to return to a more normal shape next year, making short-dated bonds better bets as funding conditions have just started to ease and monetary policy stays accommodative, investors said.
(RTTNews) - European stocks are likely to open higher on Thursday after yields on five- to 30-year U.S. Treasuries fell at least 10 basis points on Wednesday on dovish Fed bets.
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