Canada’s central bank on Wednesday lowered its key lending rate by 50 basis points to 3.25 percent, seeking to aid a slowing economy facing uncertainty following a tariff threat from US President-elect Donald Trump.The cut is the Bank of Canada’s fifth since June — in line with expectations. It previously raised rates from record lows …
Canada central bank makes half point rate cut to 3.25% Read More »
US and European stock markets rose on Wednesday after inflation data cemented expectations that the Federal Reserve will trim interest rates next month.Wall Street’s three main indexes snapped higher at the opening bell after November consumer inflation figures were in line with analyst expectations.The consumer price index (CPI) rose to 2.7 percent last month from a year …
Stocks rise as US inflation data boosts rate cut hopes Read More »
Stock markets struggled for direction Wednesday as traders awaited key US inflation data with the Federal Reserve expected to cut interest rates next week.Traders were also keeping tabs on China to see if it will announce further measures to support its struggling economy.Seoul extended Tuesday’s rebound, though political uncertainty after South Korean President Yoon Suk …
Stocks struggle for direction before US inflation data Read More »
Markets diverged on Wednesday ahead of US inflation data that could play a key role in the Federal Reserve’s interest rate decision next week, while traders were also keeping tabs on Beijing hoping for more economic support measures.Seoul extended Tuesday’s rebound rally, though political uncertainty after South Korean President Yoon Suk Yeol’s brief imposition of …
Asian markets mixed ahead of US inflation data, eyes on China Read More »
Nippon Steel on Wednesday slammed the “inappropriate” influence of politics on its planned takeover of US Steel after a media report said President Joe Biden would block it.The deal worth $14.9 billion including debts is being reviewed by a body in Washington that assesses foreign takeovers of US firms.Bloomberg News, citing people close to the …
Nippon Steel slams ‘inappropriate’ politics in US deal Read More »
China’s leadership will gather Wednesday to hammer out plans to boost the economy next year, reports said, as they look to address weak domestic demand and the possibility of a deepening trade war with the United States.The annual Central Economic Work Conference (CEWC) is being closely watched by investors for signs of coming stimulus to …
China’s leaders to chart economic plans for 2025: report Read More »
Ex-employees of a Japanese textile company in Ecuador told Tuesday of their dire living and working conditions, after the country’s constitutional court ruled the firm kept its staff in a slave-like setting.Some gave birth to children in unsanitary and overcrowded camps, while others were denied proper medical attention after work-related injuries, according to testimonies given …
Ecuadoran workers accuse ‘monster’ Japanese company of exploitation Read More »
Global stock markets mostly retreated Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.After winning numerous records in the weeks since the November 5 US presidential election, US stocks fell for the second straight day as analysts pointed to profit-taking.But Alphabet jumped more than five …
Global stocks mostly fall ahead of ECB, US inflation data Read More »
After locking carbon dioxide in its frozen soil for millennia, the Arctic tundra is undergoing a dramatic transformation, driven by frequent wildfires that are turning it into a net source of carbon dioxide emissions, a US agency said Tuesday.This stark shift is detailed in the National Oceanic and Atmospheric Administration’s 2024 Arctic Report Card, which …
Sink to source: Arctic tundra emitting more carbon than it absorbs Read More »
After locking carbon dioxide in its frozen soil for millennia, the Arctic tundra is undergoing a dramatic transformation, driven by frequent wildfires that are turning it into a net source of carbon dioxide emissions, a US agency said Tuesday.This stark shift is detailed in the National Oceanic and Atmospheric Administration’s 2024 Arctic Report Card, which …
Sink to source: Arctic is now emitting more carbon than it absorbs Read More »
