TORONTO (Reuters) – Canadian economic activity expanded at the fastest pace in seven months in February as employment rose and prices heated up, Ivey Purchasing Managers Index (PMI) data showed on Thursday. The seasonally adjusted index rose to 55.3 from 47.1 in January, its highest level since July. A reading above 50 indicates an increase …
Canada’s Ivey PMI rises to seven-month high in February Read More »
By Ross Kerber and Bo Erickson BOSTON/WASHINGTON (Reuters) – Often a political punching bag for MAGA Republicans, asset manager BlackRock may have bought some conservative credibility along with its purchase of two critical ports on both sides of the Panama Canal. The $22.8 billion deal with Hong Kong-based CK Hutchison for those and other ports …
Analysis-Republican officials rethink BlackRock bans after Panama port deal Read More »
By Michael S. Derby (Reuters) -Philadelphia Federal Reserve President Patrick Harker said on Thursday that trouble may be brewing for a U.S. economy that is currently in good shape but showing signs of stress in the consumer sector and risks to the inflation outlook. “Unemployment still low, still getting growth, but there are threats to …
Fed’s Harker says warning signs emerging for US economy Read More »
By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) -Investors are recalibrating how to play U.S. President Donald Trump’s whipsawing policy changes, weighing that a so-called “Trump put” supporting stock market prices may be fading and that his administration is more keenly focused on the debt markets. Investors had bet strongly that Trump’s agenda to …
Analysis-Investors question ‘Trump put’ as tariffs rattle stock markets Read More »
By Arathy Somasekhar HOUSTON (Reuters) – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. Gulf Coast pressured that market lower. The spread between the two pricing points narrowed to …
Weak refinery, export demand weakens prices for Midland crude along Texas coast Read More »
WASHINGTON (Reuters) – U.S. worker productivity grew a bit faster than initially thought in the fourth quarter, helping to curb labor costs and providing a boost in the fight against inflation. Nonfarm productivity, which measures hourly output per worker, increased at a 1.5% annualized rate last quarter, the Labor Department’s Bureau of Labor Statistics said …
US fourth-quarter worker productivity revised higher Read More »
FRANKFURT (Reuters) – Thyssenkrupp plans to slash around 1,800 jobs due to the prolonged weakness in the car sector it supplies, the German conglomerate said on Thursday, becoming the latest player in the automotive industry to cut staff. Citing “persistently challenging market conditions in the global automotive industry”, Thyssenkrupp said it would also freeze hiring …
Thyssenkrupp to cut 1,800 jobs on automotive weakness Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s FirstRand Ltd on Thursday forecast marginally higher second-half earnings than the 10% growth it reported in the first half, but net interest income (NII) is seen slightly weaker on declining interest rates. During the first half ended December 2024, global economic growth and inflation continued to moderate and …
South African lender FirstRand expects marginally higher second-half profit Read More »
By Kevin Yao and Joe Cash BEIJING (Reuters) -Chinese officials on Thursday flagged more monetary policy easing “at an appropriate time” and left the door open to more stimulus measures on top of those announced at this week’s annual parliament meeting if economic growth veered off track. Finance Minister Lan Foan, central bank governor Pan …
Chinese officials say more stimulus possible if growth slowed Read More »
LONDON (Reuters) – Deutsche Bank shares jumped again on Thursday, bringing their gains to 17% in the two days since German political parties agreed a tectonic spending shift to revamp the military and revive growth. The stock was last up 4.9% at 0903 GMT, putting them on course for their biggest two-day gain since 2011, …
Deutsche Bank shares head for biggest two-day gain since 2011 Read More »
