By Stephen Culp NEW YORK (Reuters) – U.S. stocks advanced on Monday, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. The tech-heavy Nasdaq led all three major U.S. stock indexes to a higher close, with help from Nvidia, …
Wall St ends higher, extending rally ahead of Jackson Hole Read More »
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -The Canadian government, which is trying to head off a crippling rail transport stoppage, on Monday called on the country’s two main railway companies and the Teamsters union to work harder to reach labour deals. Unless labour agreements are reached, both Canadian National Railway and Canadian Pacific …
Canada tells rail companies, union to work harder to avert crippling stoppage Read More »
By Marc Jones LONDON (Reuters) – Grenada has become the first country in the world to use a so-called hurricane clause in a government bond – a special feature that allows authorities to postpone debt payments in the wake of a major natural disaster. The move comes after hurricane Beryl wrought destruction in parts of …
Beryl-battered Grenada becomes first to utilise government bond hurricane clause Read More »
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly said it is time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, in an interview with the Financial Times published on Sunday. “Gradualism is not weak, it’s not slow, it’s not behind, it’s just prudent,” Daly said to the newspaper, …
Fed’s Daly says it is time to consider adjusting borrowing costs, FT reports Read More »
By David Ljunggren OTTAWA (Reuters) – For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are on the verge of a simultaneous labor stoppage that could inflict billions of dollars’ worth of economic damage. WHY ARE BOTH COMPANIES POISED TO STOP? Contract talks between the …
Explainer-Why Canada is on the verge of an unprecedented rail labor stoppage Read More »
SANTIAGO (Reuters) -The union at BHP’s giant Escondida copper mine in Chile said on Sunday in a memo to its members that it could relaunch a strike later in the day if the company does not “rectify its position” over contract talks as soon as possible. An internal bulletin from the company, seen by Reuters, …
Union at BHP’s Escondida copper mine warns it could relaunch strike Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Hopes for an economic soft landing are once again powering U.S. stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month. The S&P 500 has rebounded more than 6% since Aug. 5, when a steep drop pushed the benchmark U.S. index to its biggest …
‘Soft landing’ hopes are back to lift US stocks after recession scare Read More »
By Promit Mukherjee OTTAWA (Reuters) – Canadian Pacific Kansas City said on Saturday it would halt any new rail shipments originating in Canada, and all new U.S. shipments destined for Canada starting on Tuesday if talks with its Canadian labour union fail to progress. North American industry groups and shippers are bracing for an unprecedented …
Canada’s CPKC expands freight embargoes ahead of looming work stoppage Read More »
By Nivedita Balu TORONTO (Reuters) -Royal Bank of Canada filed a countersuit against ousted CFO Nadine Ahn on Friday, detailing findings of its internal investigation into her alleged intimate relationship with a subordinate, and accusing her of breaching its code of conduct. Ahn sued RBC last week for wrongful termination and alleged that “gender-based stereotyping” …
RBC countersues former CFO Ahn, claims breach of code of conduct Read More »
By Jody Godoy WASHINGTON (Reuters) -The U.S. Federal Trade Commission sued Asbury Automotive Group on Friday, alleging that three of its dealerships in Texas charged Black and Latino customers higher prices than others and routinely added services to customers’ contracts without their consent. Up to 75% of customers of Asbury’s David McDavid Ford dealership in …
FTC sues Asbury Automotive, says it charged Black, Latino customers more Read More »
