money What to watch in the markets: Friday, December 13
On the economic data side, the biggest U.S. report with the November data on retail sales will be released on Friday. The November data on import prices is also set to be released.
On the economic data side, the biggest U.S. report with the November data on retail sales will be released on Friday. The November data on import prices is also set to be released.
MYAWADDY, Myanmar (Reuters) -Myawaddy, a critical trading post in Myanmar that rebel forces seized from the ruling junta last week, offers a glimpse of dynamics playing out across the Southeast Asian country as its vaunted military reels from battlefield losses. Rebels who fought against junta troops in Myawaddy described a demoralised military that was unwilling to hold its ground. "We managed to seize three bases and control the area in a very short period of time," said Saw Kaw, a commander of a rebel unit involved in the battle for Myawaddy.
The United Arab Emirates was still grappling on Thursday with the aftermath of a record-breaking storm this week that brought much of the country to a standstill. In Dubai, operations at the airport, a major travel hub, remain disrupted after Tuesday's storm flooded the runway, resulting in flight diversions, delays and cancellations. The airport said on Thursday morning it had resumed receiving inbound flights at Terminal 1, used by foreign carriers, but that flights continue to be delayed and disrupted.
Asian markets rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon.Comments from Fed officials reinforced the view that sticky inflation and a resilient US economy will keep the bank from easing monetary policy anytime soon.
A new statement from the New Jersey Democrat's office paints a different picture than the one put out last week, and his absence could affect tight votes on the House floor.
China and Indonesia want to maintain peace and stability in the region, Chinese Foreign Minister Wang Yi said on Thursday after holding talks with his Indonesian counterpart Retno Marsudi in Jakarta. Wang also called for all parties in the Gaza conflict to exercise restraint, and said the United States should support a United Nations resolution for a ceasefire in Gaza. Marsudi said after the bilateral meeting that the two countries would strengthen relations, and said Jakarta was looking to deepen cooperation and investment in energy transition, infrastructure and the downstreaming industry.
He is a former history teacher who is gunning to become the first far-right state premier in post-war Germany.The former high school teacher claims not to have been aware that the slogan "Everything for Germany" had been used by the Nazis, but prosecutors believe Hoecke uttered the phrase in full knowledge of its "origin and meaning".
It plans to sell 6.6 million shares of its class A common stock at $88 apiece, exceeding its earlier price range of $76-$84 apiece, Ibotta added. Increased buzz around artificial intelligence and hopes of a rebound in the U.S. IPO market from a two-year slump, buoyed by a possible soft landing for the economy have encouraged more tech companies to test the IPO waters. Ibotta, founded in 2011, provides a platform for brands to deliver promotions to customers and offer cash back rewards on their everyday purchases.
University of Southern California students said their hopes were dashed this week when the school canceled Muslim student Asna Tabassum 's commencement address.
Hours after she escaped the Columbine High School shooting, 14-year-old Missy Mendo slept between her parents in bed, still wearing the shoes she had on when she fled her math class. Then again in 2022, when 19 students and two teachers were shot and killed in Uvalde, Texas. Mendo had been filling out her daughter's pre-kindergarten application when news of the elementary school shooting broke.
Lake Patzcuaro, a popular destination for Day of the Dead festivities, has lost more than half of its volume since authorities started keeping track.
A leading contender to become the Solomon Islands' next prime minister has vowed to rip up a security pact with China, as the Pacific nation began counting votes Thursday in a pivotal general election.With vote counting already under way, Kenilorea's comments highlight the stakes for Solomon Islands and the South Pacific region.
South Korea's LG Electronics is aiming to raise up to $1 billion in a dollar bond deal, according to three sources with direct knowledge of the matter. The company has mandated investment banks to work on a 3-year and 5-year dollar bond deal, according to a term sheet seen by Reuters on Thursday. LG Electronics did not have immediate comment.
In an alibli court filing, lawyers for Bryan Kohberger, accused of fatally stabbing four University of Iowa students, claim he was "out driving" the night of the killings.
The head of the U.N. agency that has helped millions of Palestinians in Gaza and the West Bank for decades urged the Security Council on Wednesday to ensure its survival as Israel again demanded its dissolution, accusing the agency of becoming part of Hamas’ “terror war machine.” Philippe Lazzarini told the council that dismantling the agency known as UNRWA would deepen Gaza’s humanitarian crisis and speed up the onset of famine. International experts have warned of imminent famine in northern Gaza and said half the territory’s 2.3 million people could be pushed to the brink of starvation if the six-month Israeli-Hamas war intensifies.
Speaker Mike Johnson announced Wednesday he is sticking with his plan to put a series of foreign aid bills on the floor including funding for Ukraine after facing significant pressure from hardliners.
Bryan Kohberger, who is accused of killing four University of Idaho students November 2022, was out driving west of Moscow, Idaho the night of the murders, his attorney says, and plans to offer a cellphone tower and radio frequency expert to partially corroborate this account, a court document supporting an alibi defense filed Wednesday shows.
The Philippines' decision to ramp up ties with Japan and the United States is a "sovereign choice", its foreign ministry said on Thursday, urging China to "reflect upon its own actions" in the South China Sea. "The source of tension in our region is well known to all," the foreign affairs department said in a statement. "It is China's excessive maritime claims and aggressive behaviour, including its militarisation of reclaimed features, that are undermining regional peace and stability and raising tensions," it added.
BEIJING (Reuters) -Chinese tech giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series on Thursday which many analysts expect to contain an advanced China-made chip like the Mate 60 handset. The Shenzhen-based company started sales of the Pura 70 smartphones series on Thursday morning. The Pura series has advanced cameras and is known for its sleek design, while the Mate series emphasises performance and business features.
Sydney's Bondi Westfield mall on Thursday reopened for the first time since a man with a knife killed six people there on Saturday before police shot him. The operators of the Westfield mall, about 3 kilometres (2 miles) from the city's iconic Bondi Beach, allowed residents enter to pay their respects to the victims, with stores remaining closed and a white floral tribute laid out on the second floor. Normal trading will resume on Friday, while a candlelight vigil at the beach on Sunday will mourn the victims, authorities said.
Janel Hawkins of Gulf Shores, Alabama, owns a sandcastle-building business that makes intricate architectural structures like Victorian houses, houses and signs.