Treasure hoard found near Jesus' Galilee site tied to forgotten Jewish uprising, archaeologists say

Archaeologists in Israel recently found an ancient treasure hoard dating back more than 1,600 years – not far from where Jesus carried out much of his ministry.The coins were found at Hukok, a kibbutz...

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Stocks and dollar end 2024 steady, 2025 all about Trump

By Ankur Banerjee and Alun John SINGAPORE/LONDON () -World stocks held steady on Tuesday in cautious year-end trading that has seen investors bracing for the incoming Donald Trump administration by scaling back bets on deep U.S. interest rate cuts in 2025, helping the dollar stand tall against most other currencies. Volumes were light with a holiday for the New Year looming, with the Santa-rally largely failing to materialise as elevated Treasury yields weigh on high equity valuations and boost the greenback. MSCI's world share index was flat on the day, but set to wrap up 2025 with a 16% annual gain. This year's rally has been largely a U.S. phenomenon, with the having risen around 24% compared with an 8% gain for MSCI's broadest index of Asia-Pacific shares outside Japan, and just 5% for Europe's . () But the mood latterly has been more cautious on the back of higher U.S. Treasury yields. The yield on the 10-year note reached 4.64% late last week, its highest...

Dollar set for best week since November on US rates, economic outlook

By Rae Wee SINGAPORE () -The dollar was on track for its best weekly performance in over a month on Friday, underpinned by expectations of fewer Federal Reserve rate cuts this year and the view that the U.S. economy will continue to outperform the rest of its peers globally. The greenback began the new year on a strong note reaching a more than two-year high of 109.54 against a basket of currencies on Thursday as it extended a stellar rally from last year. Its charge higher has come on the back of a more hawkish Fed and a resilient U.S. economy. "Looks like dollar strength is here to stay for now in early 2025 given the U.S. exceptionalism story is here to stay, and it still comes with high U.S. yields," said Charu Chanana, chief investment strategist at Saxo. "Add to that the uncertainty from policies of the incoming (Donald) Trump administration, and you also get the safety aspect of the dollar looking attractive." Ahead of U.S. President-elect Trump'...

US Senate passes government funding bill, averts shutdown

By Richard Cowan, Bo Erickson, Andy Sullivan and Katharine Jackson WASHINGTON () -The U.S. Congress passed spending legislation early on Saturday in a down-to-the wire burst of activity that will avert a destabilizing government shutdown ahead of the busy holiday travel season. The Democratic-controlled Senate in an 85-11 vote passed the bill to continue government funding 38 minutes after it expired at midnight (0500 GMT Saturday). The government did not invoke shutdown procedures in the interim. The bill will now be sent it to White House, where President Joe Biden is expected to sign it into law. The package had earlier cleared the Republican-controlled House of Representatives with bipartisan support. The late-night vote capped a frantic week that saw President-elect Donald Trump and his billionaire ally Elon Musk defeat an initial bipartisan deal, throwing Congress into disarray. The final version stripped out some provisions championed by Democrats, who accused Republic...

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