Page 279 - Reuters/umtmi

US weekly jobless claims rise 9,000 to seasonally adjusted 224,000

Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 224,000 for the week ended Nov. 30

Canada records bigger-than-expected trade deficit of $657.6 mn in Oct

Exports rose after three straight months of declines despite eight of the 11 export product sections being down

Opec+ agrees to delay oil hike plans until April, extends cuts into 2026

Opec+, which pumps about half the world's oil, had been planning to start unwinding cuts from Oct 2024 but a slowdown in global demand and rising output outside the group forced it to postpone plans

HSBC appoints Lisa McGeough to lead US biz as CEO Elhedery shuffles leaders

The appointment comes as part of a sweeping overhaul by new CEO Georges Elhedery, who has made a raft of leadership changes and split the lender's geographic footprint into East and West

TSMC in talks with Nvidia for Blackwell AI chip production in Arizona

The agreement, if finalised, would secure another customer for TSMC's Arizona facility, which is scheduled to start volume production next year

Apple plans to invest $1 billion in manufacturing plant in Indonesia

In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically to have at least 40 per cent locally made parts

Global cos to be affected by Trump's tariffs on Canada, Mexico, China

Chinese EV maker BYD has been scouting for locations to build a plant in Mexico but has said repeatedly that the factory will serve the domestic market

Gold prices edge lower as spotlight shifts to US non-farm payrolls data

Spot gold was down 0.1 per cent at $2,648.69 per ounce, as of 1030 GMT. US gold futures also eased 0.1 per cent to $2,672.40

Fall of govt leaves France without clear path to cutting deficit: S&P

Michel Barnier was set to hand in his resignation and become the shortest serving prime minister in modern France after far-right and leftist lawmakers voted to topple his government

India's steel imports from China hit record high, latest data shows

China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4 per cent increase year-on-year, the data showed

As tariffs loom, Gillette razor-maker P&G sources more steel from India

The stainless steel the Gillette-brand razor maker uses is highly specialised to prevent nicks and cuts and is only produced in large quantities by a handful of companies

Euro ticks up despite French govt collapse; bitcoin breaks $100,000

Bitcoin, world's best known cryptocurrency, has been on a tear since November on expectations that Donald Trump's US election win will usher in a friendly regulatory environment for cryptocurrencies

India sugar prices hit 18-month low, mills struggle to make cane payments

The fall in prices is prompting industry to demand immediate revision in minimum selling price (MSP) to limit losses, which will improve mills' margins and allow them to make timely cane payments

Oil prices slightly up ahead of decision on supply cut in Opec+ meet

Brent crude futures rose 39 cents, or 0.5 per cent, to $72.70 a barrel by 0944 GMT, while US crude futures were at $68.97 a barrel, up 43 cents, or 0.6 per cent

Russia's Rosneft invested $20 bn in India, says govt quoting Putin

Rosneft gained access to India's fuel retail market when it completed a $12.9 billion deal to acquire Indian private refiner Essar Oil in 2017

China to impose sanctions on US military firms for selling arms to Taiwan

The step follows China's strong objection to the United States authorising a potential $385-million sale of spare parts and support for F-16 jets and radars to Taiwan

Huawei working overtime to meet 'excessive' demand for Mate 70 smartphones

HarmonyOS NEXT is the Android-free version of Huawei's operating system that began testing this year

Norway's Equinor, Shell plan to form UK oil and gas joint venture

Joint venture will be based in Aberdeen, Scotland, and will be set up to sustain domestic oil and gas production and security of energy supply in Britain, Equinor said

Wealth of global billionaires surges by 17% due to US gain: Swiss Bank UBS

The UBS Billionaire Ambitions Report for 2024 said the total number of billionaires had risen to 2,682 from 2,544 a year earlier, and their worth to $14 trillion from $12 trillion

Britain approves $19 billion merger between Vodafone UK, Three mobile

Vodafone and Three have committed to spend $14 billion to build a better 5G network that will serve 50 million customers, including the subscribers of Vodafone's network partner Virgin Media O2