Williams comments on rate cuts

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Source: Dukascopy Bank SA
The head of New York Federal Reserve John Williams stated on Friday that the Fed would still monitor whether the current tightening has been enough instead of evaluating rate cuts.
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Mon, 18 Dec 2023 13:58:17 GMT

Nippon Steel buys US Steel

The Japanese giant Nippon Steel has just announced that it would buy the United States Steel Corporation for a total of $14.9 billion. The US Steel shares reacted to the news with a jump of 28.00% that resulted in a price above $50.35 in the pre-market trading.

Mon, 18 Dec 2023 12:30:03 GMT

China approves budget deficit

The Chinese government has approved a 2024 budget with a 3% deficit of GDP, which is set to be lower than the 3.8% of 2023. Reuters has reported that the government intends to issue special bonds to finance the fiscal budget.

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