* ADP employment report due at 1315 GMT. * US payrolls report due on Friday. * South Korean president faces impeachment calls. By Daksh Grover. Gold held steady on Wednesday as safe-haven demand countered a slight recovery in the U.S. dollar while markets await U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for clues on the U.S. central bank's policy outlook.
* French lawmakers vote in no confidence motion around 1800 GMT. * Australian dollar drops to four-month low after GDP data. * Korean won comes off two-month low after political turmoil. * BOJ pricing shift weakens yen. * By Kevin Buckland and Alun John.
Business activity across the euro zone fell sharply last month as the bloc's dominant services sector joined the manufacturing sector in contracting, according to a survey which showed a broadbased decline.
The world economy is set for steady growth in the next two years if resurgent protectionism does not derail a recovery in global trade, the Organisation for Economic Cooperation and Development said on Wednesday.
* * Global growth otherwise seen stable at 3.3% in 2025-2036. * Major central banks have room for further careful rate cuts. By Leigh Thomas. The world economy is set for steady growth in the next two years if resurgent protectionism does not derail a recovery in global trade, the Organisation for Economic Cooperation and Development said on Wednesday.
Finnish ECB policymaker Olli Rehn sees increased justification for a rate cut in December and believes an easing of monetary policy is likely to continue in the coming months, he told Finnish daily Helsingin Sanomat in an interview on Wednesday.
Norway's government should allow the country's sovereign wealth fund to divest parts of its Russian portfolio when possible, and thus end a general freeze in place since 2022, the Norwegian central bank, which manages the fund, said on Wednesday.
China is not wedded to achieving specific GDP growth rates, and a pace of less than 5% for the economy is acceptable as there is no need for the "worship of speed", state newspaper People's Daily said on Wednesday.
China is not wedded to achieving specific GDP growth rates, and a pace of less than 5% for the economy is acceptable as there is no need for the "worship of speed", state newspaper People's Daily said on Wednesday.
Japanese government bond yields fell on Wednesday after media reports raised doubts about market expectations that the Bank of Japan would hike interest rates this month. Analysts said investors were reacting to a couple of media reports that suggested the possibility that the BOJ may skip a rate hike at its Dec. 18-19 monetary policy meeting.
Zimbabwe's central bank said on Wednesday that its Monetary Policy Committee had met and decided to leave its policy rate unchanged at 35%. The bank said in a statement that the MPC wanted to maintain tight policy to anchor inflation expectations.
- Activity across Russia's services sector expanded for a fifth month running in November and at its fastest pace since January, a business survey showed on Wednesday, driven by a rise in new orders. The S&P Global Purchasing Managers' Index for Russian services rose to 53.2 in November from 51.6 in October, moving further above the 50 mark that separates growth from contraction.
Policy makers must safeguard creators' rights and implement transparency rules PARIS, Dec. 4, 2024 /PRNewswire/ -- The first ever global study measuring the economic impact of AI in the music and audiovisual sectors calculates that Generative AI will enrich tech companies while substantially jeopardising the income of human creators in the next five years. the market for music and AV content ge...
* Australian dollar drops to four-month low after GDP data. * Korean won comes off two-month low after political turmoil. * China central bank sets firmer guidance for yuan. By Kevin Buckland.
indie Semiconductor, Inc. (INDI), an automotive solutions innovator, today announced the pricing of its offering of $190 million aggregate principal amount of its 3.50% Convertible Senior Notes due 2029 through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
It is "conceivable" that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann said in a newspaper interview published on Wednesday.
* US payrolls data due on Friday. * Fed policymakers steer clear of December rate cut guidance. * Spot gold may test support at $2,621 - technicals. By Rahul Paswan. Dec 4 - Gold prices steadied on Wednesday as markets awaited U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for further insights into the U.S. interest rate cut trajectory.
As the largest private-activity bond issuance and first investment-grade debt for American high-speed rail, this transaction, which also won Deal of the Year in the Innovative Financing category, opens new avenues for large-scale infrastructure projects in a traditionally underserved financing sector.
China's services activity expanded at a slower pace in November, pressured by easing new business growth, including in exports, a private sector survey showed, as the economy braces for a rocky ride of more U.S. tariffs under a second Trump administration.
China's services activity expanded at a slower pace in November, pressured by easing new business growth, including in exports, a private sector survey showed, as the economy braces for a rocky ride of more U.S. tariffs under a second Trump administration.
-A U.S. tech stock rally and expectations of lower interest rates boosted global shares while the euro and dollar were steady on Wednesday despite political turmoil in South Korea and France. Wall Street's major stock indexes rallied to record closing highs, led higher by tech stocks and comments by Federal Reserve officials.
The U.S. dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other major rivals as traders pondered the chances of a Federal Reserve interest-rate cut this month.
Gold prices steadied on Wednesday as markets awaited more jobs data and comments from Federal Reserve Chair Jerome Powell for further clarity on the U.S. rate outlook. FUNDAMENTALS. * Spot gold held its ground at $2,640.42 per ounce, as of 0057 GMT.
Doman Building Materials Group Ltd (CWXZF) : * Doman Building Materials Group Ltd (CWXZF). ANNOUNCES OFFERING AND PRICING OF REOPENING OF $100 MILLION SENIOR NOTES DUE 2029. * Doman Building Materials Group Ltd (CWXZF) - TO SELL ADDITIONAL $100 MILLION OF 7.50% SENIOR UNSECURED NOTES Source text: Further company coverage:
Japan's service activity swung back to growth in November as improving demand supported new business, a private sector survey showed on Wednesday. The final au Jibun Bank Service purchasing managers' index rose to 50.5 in November from 49.7 in October, according to the survey compiled by the S&P Global Market Intelligence.
Japan's service activity swung back to growth in November as improving demand supported new business, a private sector survey showed on Wednesday. The final au Jibun Bank Service purchasing managers' index rose to 50.5 in November from 49.7 in October, according to the survey compiled by the S&P Global Market Intelligence.
Coterra Energy Inc. (CTRA) announced today that it has priced an offering of $750 million aggregate principal amount of senior unsecured notes due 2035, which will carry an interest rate of 5.40%, and $750 million aggregate principal amount of senior unsecured notes due 2055, which will carry an interest rate of 5.90%. The offering is expected to close on December 17, 2024, subject to the satisfaction...
- US$850 million Senior Unsecured Notes due 2028 and US$650 million Senior Unsecured Notes due 2030 Avolon Holdings Limited, a leading global aviation finance company, announces the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$1.5 billion of senior unsecured notes.
Ready Capital Corporation (RC) today announced that it priced an underwritten public offering of?$115.0 million?aggregate principal amount of 9.00% Senior Notes due 2029. The offering is expected to close on?December 10, 2024?and is subject to customary closing conditions.
Iron Mountain Incorporated (IRM), a global leader in information management services, today announced that it has priced an upsized offering by way of a private placement of $1.2 billion aggregate principal amount of its 6.25% Senior Notes due 2033.
MECHANICSBURG, Pa., Dec. 3, 2024 Select Medical Holdings Corporation (SEM), today announced that Select Medical Corporation, a wholly-owned subsidiary of Holdings, has completed a private offering of $550.0 million in aggregate principal amount of its 6.250% senior notes due 2032.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on January 2, 2025 to shareholders of record at the close of business on December 18, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
* Tesla slips after its China-made EV sales drop in Nov. * South Korean firms fall. By Caroline Valetkevitch. The S&P 500 and Nasdaq ended higher on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data. Marketwatchers also digested reassuring comments from Federal Reserve policymakers.
Poland?s GDP is set to expand further in 2025, cementing its position as the European Union?s fastest-growing economy. Polish economic growth is projected at 3.7% next year, supported by private consumption and investments, European Commission data showed.
IREN Limited today announced its intention to offer, subject to market and other conditions, $300?million aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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