By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Monument Re’s shareholders have launched a sale process that could see a private equity group take control of the company, three people familiar with the matter told Reuters. U.S. insurer En…
Ghana selects Mytilineos as strategic partner for alumina refinery and bauxite mine
By Kent Mensah in Accra Ghana has selected Mytilineos Energy & Metals as a strategic partner for the construction of an alumina refinery and the development of a mine at Nyinahin-Mpasaaso, collectively known as Project 3A. The Greek-founded multination…
Hungary’s central bank opts for smaller-than-expected rate cut amid rising risks
By Tamas Csonka in Budapest Hungary’s central bank reduced the base rate by 75bp to 10% at a meeting on January 30, a lower than expected move as some market players were expecting a 100bp cut. Sentiment had changed this week as market risks increased,…
Analysis-US bitcoin ETFs raise questions over broader financial system risks
By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating …
Gold demand down 5% in 2023, to be supported by geopolitics in 2024, WGC says
By Polina Devitt LONDON (Reuters) – Global gold demand excluding over-the-counter (OTC) trading fell by 5% from to 4,448.4 metric tons in 2023 but remained strong compared with a 10-year average due to geopolitical and economic uncertainty, the World G…
Boeing Likely To Report Narrower Q4 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
The Boeing Company (NYSE: BA) is expected to release earnings results for its fourth quarter, before the opening bell on Jan. 31, 2024. Analysts expect the company to report a quarterly loss at 78 cents per share, versus a year-ago loss of $1.75 per sh…
Analysis-Euro area governments smash bond sale records in hefty funding year
By Yoruk Bahceli and Harry Robertson AMSTERDAM (Reuters) – Euro zone governments sold a record amount of bonds directly to investors in January, seeing the highest demand ever, as hopes grow for interest rate cuts to support a weakening economy. This i…
New minimum wage: Most governors in Tinubu’s committee don’t comply – Ajaero
President of the Nigeria Labour Congress, NLC, Joe Ajaero, has said most governors of the 37-Member Tripartite Committee on Minimum Wage do not even comply with the proposed base pay structure. DAILY POST reported that Vice President Kashim Shettima in…
“Fictitious uniformity damages diversity”: RJD’s Manoj Jha on Uniform Civil Code
Patna (Bihar) [India], January 31 (ANI): Rashtriya Janata Dal (RJD) MP, Manoj Kumar Jha on Tuesday said that the Uniform Civil Code should not be used as a tool as fictitious uniformity damages diversity. Notably, the Uttarakhand government will presen…
Steph Curry drops 37 in Warriors’ win over 76ers with NFC Champions in the house
SAN FRANCISCO — A contingent from the NFC Champion 49ers sat courtside to watch the struggling Warriors with an opportunity to show off a little of their own winning pedigree. Golden State got a hobbled Joel Embiid and the Philadelphia 76ers on the bac…