Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and coffee are poised to close 2024 as the biggest gainers among commodities for a second year on a global supply deficit, while steel-making coal will end as the worst…
Beijing unveils plans to boost driverless vehicle use in capital
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – China’s capital Beijing passed new regulations on Tuesday to encourage autonomous driving technology in the city, with authorities planning to eventually allow driverless public buses and taxis. Autonomous vehicles that pass…
Kenya’s inflation inches up in December, stats office says
(Reuters) -Kenya’s consumer price inflation inched up to 3.0% year-on-year in December, up from 2.8% a month earlier, the statistics office said on Tuesday. On a monthly basis, inflation was 0.6% compared with 0.3% in November, the Kenya National Bureau…
South Korea’s acting president calls for national harmony and unity
SEOUL (Reuters) – South Korean Acting President Choi Sang-mok called for national harmony and unity and for trust in the government in a New Year’s address on Tuesday, amid an unprecedented political crisis sparked by impeached President Yoon Suk Yeol’s…
China’s Xi expects 2024 GDP growth of around 5%, state media says
BEIJING (Reuters) – China’s gross domestic product is expected to grow by around 5% in 2024, President Xi Jinping said on Tuesday, state media reported. This post appeared first on investing.com
Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac
(Reuters) -Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) from conservatorship, potentially making them private companies again, the billionaire investor said on Monday. Shares of Fannie Mae climbed 18.4%, while those of…