Bessent, Paulson in lead for US Treasury Secretary under Trump, sources say
WEST PALM BEACH, Florida, SAN FRANCISCO (Reuters) – Prominent investors Scott Bessent and John Paulson have emerged as the leading candidates for the key role of U.S. Treasury Secretary since Donald Trump won the election this week, according to a…
Fitch moves to ‘positive’ outlook on Spain
(Reuters) -Credit ratings agency Fitch on Friday raised its outlook on Spain to “positive” from “stable”, citing improving structural factors that are likely to bolster the country’s GDP growth potential and resilience against external shocks. “Positive labour market trends boosted…
Exclusive-Peru and China to sign strengthened free-trade agreement in Xi’s APEC visit
By Marco Aquino LIMA (Reuters) -Peru and China will sign an updated free-trade agreement during President Xi Jinping’s upcoming visit to the Andean nation that would boost commerce by at least 50% between the countries, Peru’s foreign minister said on…
Republican clean sweep will lead to fewer rate cuts, but economic grow to persist
Investing.com — Republicans are looking increasingly likely to retain control of the House of Representatives, clinching a potential “clean sweep” after regaining the Senate and the White House, but while a ‘red wave’ likely washes away the need for more rate…
China’s consumer prices rises slow to 0.3% on year in October
BEIJING (Reuters) – China’s consumer prices rose more slowly in October, while producer price deflation deepened, even as Beijing doubled down on stimulus policies to prop up its sputtering economy. China unveiled a 10 trillion yuan ($1.4 trillion) package on…
Stock Market Today: S&P500 closes at record high after briefly topping 6,000
Investing.com– The S&P500 closed at record highs Friday, after hitting unprecedented milestones intraday, spurred by ongoing optimism that a second Trump administration is likely to boost economic growth. At 4.00 p.m. ET (2100 GMT) the S&P 500 gained 0.4% to close…