By Valerie Volcovici and Gloria Dickie BAKU (Reuters) -The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations – a proposal that drew criticism from all sides. World governments represented at the summit…
Investing.com — Huawei Technologies is set to release its most advanced domestically produced phone chip next week, demonstrating the company’s progress in chip manufacturing despite enduring U.S. sanctions, according to a report from The Wall Street Journal. The report states that the chip will feature in select models of Huawei’s upcoming Mate 70 series smartphones, scheduled…
Investing.com– Oil prices steadied Friday, heading for a positive week as increased concerns over Russia and Ukraine saw traders attach a greater risk premium to crude. At 09:25 ET (14:25 GMT), Brent oil futures expiring in January fell 0.1% to $74.19 a barrel, while West Texas Intermediate crude futures rose 0.1% to $70.19 a barrel….
WASHINGTON (Reuters) – The United Parcel Service (NYSE:UPS) will pay up to a $45 million penalty for improperly valuing a business unit, the U.S. Securities and Exchange Commission (SEC) said on Friday. The SEC said UPS misrepresented “its earnings because it failed to follow generally accepted accounting principles (GAAP) in valuing one of its worst…
By Balazs Koranyi FRANKFURT (Reuters) – Some of the European Central Bank’s most influential policymakers urged the European Union on Friday to resurrect long-stalled economic integration to protect its model of prosperity from a looming trade war with the United States. U.S. President-elect Donald Trump has promised to impose tariffs on most if not all…
(Reuters) – Gap shares soared 15% premarket on Friday, as a return to growth at all four of its brands after nearly two years encouraged the apparel retailer to lift its annual sales forecast in a robust start to the holiday shopping season. The Banana Republic parent’s expectations of strong tidings during the holiday period…
FRANKFURT (Reuters) – Europe and the U.S. will both take a growth hit if there is a new trade war and inflation could also rise, increasing pressure on EU leaders to kick start long-delayed economic integration to insulate the bloc, Bundesbank President Joachim Nagel said on Friday. Nagel joins a long list of policymakers arguing…
Investing.com — Gold prices are expected to continue their upward momentum in 2025, as per analysts at UBS, driven by two key factors: declining interest rates and persistent geopolitical risks. These elements are set to reinforce gold’s status as a safe-haven asset while also benefiting from broader economic conditions anticipated in the coming year. The…
Investing.com – Barclays on Friday lifted its target price on Walmart Inc (NYSE:WMT) stock by $12 to $90, after world largest retailer reported its third quarter earnings this week, with brokerage noting strong operational performance in the US, particularly in grocery and general merchandise, as well as ongoing expansion of its marketplace. Barclays (LON:BARC) however flagged…
Investing.com — Deutsche Bank analysts predict the Federal Reserve will implement a 25-basis-point rate cut in December, followed by an “extended pause” that keeps interest rates above 4% through 2025. This outlook reflects the impact of anticipated economic policy changes under the incoming Trump administration and persistent inflationary pressures. The analysts highlight that while “the Republican…
