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US Jobless Claims Unexpectedly Tumble to 198,000
Applications for US unemployment benefits decreased by 9,000 to 198,000 in the week ended Jan. 10, the lowest level since November. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
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Abu Dhabi’s Adnoc Is Said to Evaluate Investing in Venezuela Gas
The United Arab Emirates’s state oil giant is evaluating options for a potential entry into Venezuela’s energy industry as the Middle Eastern country seeks to build out its international natural gas business, according to people with knowledge of the situation.
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New York Factory Activity Expands While Inflation Gauges Cool
New York state factory activity expanded in January, while a gauge of prices received dropped to an almost one-year low.
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CFA Level II Pass Rate Drops Again, Hitting Lowest Level Since 2022
The pass rate for the second level of the chartered financial analyst test fell to the lowest since 2022 as candidates who stayed on schedule continued to outperform peers who put off the exam.
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Morgan Stanley Beats 4Q Investment-Banking Forecast
Morgan Stanley’s debt bankers increased revenue 93% in the fourth quarter, capping a record year for that business. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
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Goldman Sachs Equity Traders Set Wall Street Revenue Record
Goldman Sachs Group Inc. set an all-time Wall Street record of $4.31 billion for equities-trading revenue in the final three months of last year and the bank also raised its dividend to $4.50 per share. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
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BlackRock, Microsoft AI Partnership Raises $12.5 Billion So Far
BlackRock Inc. has raised $12.5 billion as part of a partnership with Microsoft Corp. to bankroll data centers and energy infrastructure, advancing its efforts to cash in on the artificial intelligence boom.
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South Africa Closes Kruger Park as Deadly Floods Kill Dozens
Deadly floods prompted South Africa’s iconic Kruger National Park to shut to further visitors, after extreme rainfall killed dozens in the northeast of the country and neighboring Mozambique.
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EnBW Scraps Two Offshore Wind Projects After Missing UK Support
EnBW Energie Baden-Württemberg AG has halted two UK offshore wind projects after failing to secure government support in the latest allocation round, triggering mandatory impairments worth billions of euros.
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US Asks Allies to Step Up Measures on Chinese Critical Minerals
The US will convene dozens of foreign ministers from allied countries next month to pursue an agreement designed to help the countries reduce their dependency on Chinese critical minerals.
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Goldman, Wells Fargo Kick Off Dollar-Bond Sales After Earnings
Goldman Sachs Group Inc. and Wells Fargo & Co. are tapping the US high-grade bond market on Thursday, an expected rush of debt offerings from big Wall Street firms after releasing fourth-quarter results.
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Liquid Telecom Readies for Refinancing Talks as Maturity Looms
Pan-African fiber company Liquid Telecommunications is moving closer to refinancing talks as a $620 million bond maturity looms in September, according to people familiar with the matter.
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Emerging Stocks Steady as TSMC Plans Whet Investor Appetite
Emerging-market stocks were little changed as ambitious spending plans by Taiwan Semiconductor Manufacturing Co, the world’s largest chip-maker, lifted sentiment for AI-linked shares across the world.
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Insight Partners Hires VC Veteran Malayery for Secondaries Push
Tech-focused private-asset firm Insight Partners is breaking into secondaries, bringing on an executive from a rival to lead its first strategy dedicated to backing continuation funds and snapping up secondhand stakes.
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BofA Says European Real Estate Has Biggest Upside in Decades
European real estate stocks are poised for their best returns in decades, according to Bank of America analysts, who foresee a boost from steadier interest rates and valuations below historical levels.
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China Opposes Use of Force in Iran Call as Trump Stirs Unease
China’s top diplomat told his Iranian counterpart that Beijing opposes the use of force in international relations, following US threats of an attack after Tehran’s violent crackdown against protesters.
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Mastercard, Visa, Revolut Lose London Suit Over Card Fee Cap
Mastercard Inc., Visa Inc. and UK fintech Revolut Ltd. lost a lawsuit with the UK regulator over its plans to usher in a cap on cross-border card fees.
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EU Carbon Extends Gains as Gas Jumps and Nuclear Output Falters
European carbon prices extended a week-long gain, with surging natural gas costs, weaker nuclear power supply and forecasts for colder weather expected to drive demand for emissions permits.
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Bombardier to Boost Output Capacity in Quebec With New Factory
Canadian jet maker Bombardier Inc. will invest C$100 million ($72 million) to build a new manufacturing center near Montreal to increase its production capacity.
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Mol Nears Deal to Buy Gazprom Stake in Sanctioned Serb Refinery
Hungarian energy company Mol Nyrt. is closing in on the takeover of Serbia’s sole refinery as US sanctions force Russia’s Gazprom Neft PJSC to sell its majority stake.
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Brazil Central Bank Liquidates Reag Trust Amid Crime Probe
Brazil’s central bank liquidated CBSF Distribuidora de Titulos e Valores Mobiliarios SA, the firm previously known as Reag Trust, following months-long probes into the group’s alleged links to organized crime and Banco Master SA.
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Britain Shows Europe How to Keep Offshore Wind Alive
Yesterday’s auction resulted in plans for four huge wind farms, while other countries struggle to attract developer interest.
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India Top Court Says Tiger Global Liable for Flipkart Taxes
India’s Supreme Court has held that Tiger Global’s capital gains arising from its 2018 stake sale in Flipkart to Walmart Inc. are taxable under domestic law in a setback for the US investment firm.
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BlackRock Total Assets Hit Record $14 Trillion as ETFs Surge
BlackRock Inc. pulled in $342 billion of total client cash in the fourth quarter, pushing the firm to a record $14 trillion of assets as it integrates a string of recent acquisitions to become a force in private markets.
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Cocoa Hits Two-Year Low as Europe Grinds Fewest Beans Since 2013
Cocoa futures fell to a two-year low in London after Europe’s cocoa processing posted a steeper-than-expected slump, showing the extent of demand destruction as the industry reels from the lingering impact of record prices.
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Silver Falls After Trump Holds Off on Critical Mineral Tariffs
Silver pulled back from a record high as investors took profits after a blistering rally and as the US refrained from imposing import tariffs on critical minerals.
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Oil Tumbles After Trump Signals US Response to Iran Is On Hold
Oil fell the most since October after US President Donald Trump signaled he may hold off on attacking Iran for now.
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Tech Bounces Back as Yields Rise on Jobless Claims: Markets Wrap
Technology stocks rebounded on Thursday after Taiwan Semiconductor Manufacturing Co. revived confidence in the ability of artificial intelligence to drive outsized returns. Treasury yields rose.
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EU Lawmakers Back Kazaks, Centeno in Race for ECB No. 2 Job
The European Parliament favors the contenders from Latvia and Portugal to become the next European Central Bank vice president when Luis de Guindos’s eight-year term finishes at the end of May.
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Hologic’s $8.75 Billion of Buyout Loans See Strong Demand
The $8.75 billion debt financing tied to the buyout of medical-device maker Hologic Inc. has been widely considered the leveraged loan market’s first big test of the year. The final results sent a clear signal that demand for risky debt is strong.
