U.S. stocks finished higher Thursday, with the Dow Jones Industrial Average scoring a back-to-back record close. Optimism about the Federal Reserve’s interest-rate-cut projections has been fueling a powerful rally, while benchmark borrowing rates dropped. How stocks did On Wednesday, the Dow rose 1.4% to a record close of 37,090,… Master…

2/2 © Reuters. Thomas Schaefer, Volkswagen’s CEO of the VW Passenger Cars Brand speaks with Reuters about the future of VW production in Africa, in Johannesburg, South Africa, November 24, 2023. REUTERS/Sumaya Hisham 2/2 By Joe Bavier JOHANNESBURG (Reuters) – A senior Volkswagen (ETR:) executive involved in a global cost-cutting…

(Reuters) – Around 61,165 barrels of daily oil output from at least six producers, making up about 3% of production in the Gulf of Mexico, has been shut in by Third Coast Infrastructure’s underwater pipeline leak, the U.S. Coast Guard said on Wednesday. The oil producers whose facilities are impacted…

SHANGHAI (Reuters) -China’s major state-owned banks were busy buying the yuan in currency markets on Tuesday to prevent it from weakening too much, two sources with knowledge of the matter said, with buying intensifying after rating agency Moody’s (NYSE:) cut China’s outlook to negative in the afternoon. State banks were…

Options contracts tied to more than $5 trillion worth of stocks, exchange-traded funds and indexes are set to expire on Friday as the latest “triple witching” expiration event collides with the rebalancing of the S&P 500 and Nasdaq-100. The result could be a high-octane, and potentially extremely volatile, session where…

© Reuters. The initial public offering (IPO) of Rockingdeals Circular, a company specializing in sourcing unboxed and refurbished goods, concluded today with an overwhelming response from investors. The subscription rate soared to nearly 144 times the available shares by late afternoon on the final day of bidding. This enthusiastic participation…

Investing.com– Oil prices extended recent losses into Asian trade on Thursday as unexpected delay in an upcoming OPEC+ meeting spurred uncertainty over just how much further the producer group intended to curb supplies. Some strength in the also weighed on oil markets, as a smaller-than-expected increase in weekly jobless claims…

MOSCOW (Reuters) – Russia’s finance ministry said on Tuesday it would decrease the volume of deferred foreign currency purchases in the coming month by more than 2-1/2 times to a cumulative total of 244.8 billion roubles ($2.68 billion). The purchases are deferred because the central bank in August stopped buying…

Ten- and 30-year Treasury yields finished Friday with their biggest weekly declines in more than a year as government debt rallied on the prospect of rate cuts in 2024 by the Federal Reserve. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 5.8 basis points to 4.455% from 4.397%…

© Reuters. BRUSSELS – Ageas, a prominent player in the insurance industry, saw its shares climb by 1.8% today during the BEL 20 index trading session. The increase followed a favorable research note from Berenberg, highlighting the insurer’s strong performance in various markets and promising dividend prospects. The company’s life…