[ad_1] By Bing Hong Lok SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 1.9% in November on a yearly basis, lower than economists’ forecasts and the smallest rise in nearly three years, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – was lower than the 2.1% forecast by a Reuters poll of economists and compared with a 2.1% rise seen in October. It was the smallest rise since November 2021, when it climbed by 1.6%. Headline inflation was 1.6% in annual terms in November, lower than the 1.8% expected…
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[ad_1] A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024.Scott Olson | Getty ImagesShares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid merger talks with Nissan.Nissan and Honda said they had begun official negotiations to merge, which could catapult them to the world’s third-largest carmaker by sales.Honda also announced to buy back 24% of its issued shares by Dec. 23 next year. Its shares were last up 15.51%,…
[ad_1] As 2024 draws to a close, here’s a smattering of Foolish wisdom from across our free-site contributing team that they’re taking away from another year investing in the stock market. Patient investors can find opportunities to buy just about any shares at bargain prices By Stephen Wright. Even the most attractive stocks get cheap at some point. In 2024, I’ve seen shares in some companies trading at multiples that I once thought were unimaginable. Two examples come to mind. From the FTSE 100 there’s Diageo, and discount retailer Five Below is a US example. Diageo shares have tended to trade at a price-to-earnings (P/E) multiple…
[ad_1] By Brad Brooks (Reuters) – A New Mexico criminal case against actor Alec Baldwin stemming from a fatal shooting on the set of his movie “Rust” in 2021 ended on Monday, with a prosecutor dropping her appeal of the case’s dismissal. Special Prosecutor Kari Morrissey withdrew that appeal, according to a statement from the Frist Judicial District Attorney’s office. Baldwin’s lawyers Luke Nikas and Alex Spiro said in a statement that “today’s decision to dismiss the appeal is the final vindication of what Alec Baldwin and his attorneys have said from the beginning – this was an unspeakable tragedy…
[ad_1] (Bloomberg) — Treasury yields rose on Monday as traders continue to see a slower pace of interest rate reductions by the Federal Reserve next year and the potential worsening of country’s fiscal backdrop under President-elect Donald Trump’s administration. Most Read from Bloomberg The rise in longer-term Treasury yields outstripped that of shorter maturities, adding to the yield-curve steepening momentum of recent weeks. The gap between 10-year yields and those that mature in two years is hovering at about 25 basis points, up from nearly zero at the start of the month. Two-year yields were at one point 51 basis…
[ad_1] Honda shares rally, Nissan slides after merger announcement [ad_2] Source link
[ad_1] Calgary, Alberta–(Newsfile Corp. – December 23, 2024) – Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) (“Greenfire” or the “Company”), today announced a reconstitution of Greenfire’s Board of Directors (the “Board”), the termination of the amended and restated Shareholder Rights Plan dated December 7, 2024 (the “Second Rights Plan”) and the acquisition of additional Greenfire Securities by Waterous Energy Fund (“WEF”). Concurrently, Greenfire and WEF have executed an agreement (the “Investor Agreement”) under which WEF has agreed to continue the Company’s Strategic Review process and withdraw its November 18, 2024 shareholder meeting requisition. Reconstituted Board of Directors Under…
[ad_1] Written by Tony Dong, MSc, CETF® at The Motley Fool Canada Part of being a thoughtful investor is revisiting past investment theses in light of new developments and adjusting accordingly. Only meme-stock bagholders blindly buy and hold individual companies regardless of what’s happening in the market. With that in mind, I’m rethinking my stance on the iShares U.S. Aerospace & Defense Index ETF (TSX:XAD). Back on May 16, I recommended XAD, and it has performed well since, appreciating 22.3% as of December 12. However, I’m no longer bullish on XAD – or, by extension, the major U.S. defence contractors…
[ad_1] Here’s a selection of personal finance stories that were popular with Globe and Mail readers in 2024 and likely to be relevant in the year ahead:A deep dive on the OAS clawback: How many people are affected, and how much does it cost them?Fear and loathing of the clawback of Old Age Security benefits for high earners is a central theme of retirement planning. The OAS clawback is actually a luxury problem right now in that it has recently affected about 8.3 per cent of total OAS recipients, or about 500,000 people.But that could change as the federal government…
[ad_1] (Reuters) -European Central Bank (ECB) President Christine Lagarde said the euro zone was getting “very close” to reaching the central bank’s medium-term inflation goal, according to an interview published by the Financial Times on Monday. Earlier in December, Lagarde had said the central bank would cut interest rates further if inflation continued to ease towards its 2% target, as curbing growth was no longer necessary. “We’re getting very close to that stage when we can declare that we have sustainably brought inflation to our medium-term 2%,” Lagarde told the FT, urging continued vigilance on services inflation. “You know, inflation,…