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Watches of Switzerland sees 15% surge in US sales on demand for high-end timepieces

Dec 4 (Reuters) - Luxury retailer Watches of Switzerland Group reported a 15% jump in U.S. sales for the first half of the year on Thursday, boosted by strong demand for high-end timepieces in its core market. The global luxury ...
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Rio Tinto actively working with China’s Chinalco on shareholding constraints

LONDON, Dec 4 (Reuters) - Rio Tinto CEO Simon Trott said on Thursday the miner is actively working with its main shareholder, Aluminium Corporation of China Limited (Chinalco), to resolve governance constraints that restrict the company's ability to conduct ...
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Obamacare premium spikes could drive off enrollees, most want subsidy extension, KFF finds

By Christy Santhosh Dec 4 (Reuters) - About a quarter of Americans enrolled in Obamacare health plans said they would go without insurance in 2026 if COVID-era government subsidies are not extended past this year and premium payments double, ...
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BOJ wins first showdown with Takaichi – what’s next is less certain

(Corrects to add dropped word in paragraph 6) By Leika Kihara TOKYO, Dec 4 (Reuters) - Bank of Japan chief Kazuo Ueda used diplomacy and nodded to the dangers of inflation and a weak yen to sell his plan for ...
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Hedge funds double down using near-record leverage in quest to boost returns

By Anirban Sen and Nell Mackenzie NEW YORK, Dec 3 (Reuters) - Hedge funds are using near-record levels of leverage to trade equities and betting on debt-backed strategies in efforts to juice returns, making the most of markets buoyed by ...
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Malaria deaths rose in 2024, funding cuts risk surge, WHO says

By Jennifer Rigby LONDON, Dec 4 (Reuters) - Malaria killed around 610,000 people in 2024, mostly young children in sub-Saharan Africa, the World Health Organization said on Thursday, warning of the risks of rising drug resistance, climate change and funding ...
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Are Americans drinking less? New data says yes, but not by much

By Emma Rumney LONDON, Dec 4 - Americans say they are drinking less alcohol than ever before. But new data shows the number of drinks U.S. adults have per week has in fact not changed by much for decades. The ...
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Rio Tinto outlines plan to cut costs, raise productivity at strategy day

MELBOURNE, Dec 4 (Reuters) - Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday as he undertakes a divestment plan to simplify the structure of ...
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Exxon to permanently shut one steam cracker in Singapore from March, sources say

By Trixie Yap SINGAPORE, Dec 4(Reuters) - ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore's Jurong Island from March, four sources familiar with the matter said, part of a global petrochemicals sector ...
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Turkey’s energy minister warns of threat to oil and gas supplies after tankers targeted

ISTANBUL (AP) - Turkey's energy minister issued a call for the supply of oil and gas in the Black Sea to be protected after three Russian tankers were targeted off the Turkish coast. Alparslan Bayraktar said Turkey was concerned not ...
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US private equity exit deals set for second year of recovery, PitchBook finds

By Isla Binnie NEW YORK, Dec 4 (Reuters) - Private equity firms in the United States are on track to cash out more of their investments this year than in 2024 in a welcome recovery for dealmaking, but transactions will ...
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Morning Bid: Day off for dollar debasement trade

A look at the day ahead in European and global markets from Gregor Stuart Hunter The greenback is getting a reprieve as monetary authorities in Asia's biggest economies signal discomfort with weakness in the U.S. currency, which hit a five-week ...
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