November 20, 20240 Comments

Trump to interview Warsh, Rowan for Treasury job on Wednesday, Bloomberg News reports By Reuters

(Reuters) – U.S. President-elect Donald Trump is scheduled to interview former Federal Reserve Governor Kevin Warsh and Apollo Global Management (NYSE:) CEO Marc Rowan on Wednesday for the post of Treasury Secretary, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Financial Times separately reported on Tuesday that Rowan has emerged as a top contender for the Treasury job, citing several people familiar with the matter. The

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November 20, 20240 Comments

China funds cut ETF fees, escalating price war in booming market By Reuters

SHANGHAI/HONG KONG (Reuters) – Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing, China’s chief securities regulator, pledged to encourage index investment and fund industry fee reform. ETFs – funds that typically track

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November 20, 20240 Comments

Kadokawa shares jump 16% after news of Sony talks By Reuters

By Sam Nussey TOKYO (Reuters) – Kadokawa’s shares jumped 16% in early Tokyo trading on Wednesday, a day after Reuters reported Sony (NYSE:) was in talks to acquire the publishing, anime and gaming powerhouse. Shares in Kadokawa, which controls “Elden Ring” developer FromSoftware, closed up 23% at their daily limit on Tuesday after the news. The deal would bolster Sony’s entertainment portfolio which spans games, movies, music and anime. “Anime

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November 19, 20240 Comments

S&P 500 closes higher as Nvidia powers tech ahead of earnings By Investing.com

Investing.com– The S&P 500 closed higher Tuesday, as an Nvidia-led climb in tech helped stocks shrug off earlier concerns about increasing Russia-Ukraine tensions. At 4.00 p.m. ET (2100 GMT), the fell 120 points, or 0.3%, the index gained 0.4%, and the added 1%. Nvidia leads tech higher ahead of earnings NVIDIA (NASDAQ:), the world’s most valuable listed company, gained more than 4% just a day ahead of its quarterly earnings report. Nvidia

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November 19, 20240 Comments

Senator says Trump cannot ignore law requiring ByteDance to divest TikTok by next year By Reuters

WASHINGTON (Reuters) – The chair of a U.S. Senate Judiciary subcommittee said on Tuesday that President-elect Donald Trump cannot ignore a law requiring Chinese-based TikTok to divest the short video app used by 170 million Americans by early next year. Senator Richard Blumenthal, a Democrat who is holding a hearing on Chinese hacking incidents, noted that Congress passed a law in April requiring divestiture of the app by Jan. 19,

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November 19, 20240 Comments

Factbox-What new taxes could help raise money to fight climate change? By Reuters

BAKU (Reuters) – The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming. Some see new taxes as one way to get there. The Global Solidarity Levies Task Force (GSLT), led by France, Barbados and Kenya, is exploring the issue. Below are extracts from its latest report on the options being discussed

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