Press Digest: Wall Street Journal - Dec 5

HMC Capital

05/12/2024 05:56

Dec 5 (Reuters) - The following are the top stories in
the Wall Street Journal. Reuters has not verified these stories
and does not vouch for their accuracy.
    
    - Bitcoin traded above $100,000 for the first time late
Wednesday, powered by a wave of investors betting that
President-elect Donald Trump will turn U.S. government policy
into an engine of growth for crypto.
    
    - General Motors  GM.N  told shareholders on Wednesday that
it would record two non-cash charges totaling more than $5
billion on its joint venture in China, one related to the
restructuring of the operation and another reflecting its
reduced value.
    
    - A top aide to Ukrainian President Volodymyr Zelenskiy met
Wednesday with Keith Kellogg, U.S. President-elect Donald
Trump's choice as special envoy for Russia and Ukraine, and Mike
Waltz, the incoming national-security adviser. 
       
    - U.S. President-elect Donald Trump has chosen Peter Navarro
to be senior counselor for trade and manufacturing, installing a
pugnacious proponent of the president-elect's pledge to impose
sweeping tariffs on U.S. imports in an influential White House
role.

        - France's Neoen  NEOEN.PA  will sell some of its
Australian generation and storage assets to real-estate investor
HMC Capital  HMC.AX  in a deal smoothing Brookfield Asset
Management's  BAM.TO  $6.41 billion takeover of the renewable
power producer.
        
  
        - U.S. President-elect Donald Trump on Wednesday picked
former congressman Billy Long to be commissioner of the Internal
Revenue Service tax body.
        
  
        
  

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))