By Fergal Smith TORONTO (Reuters) – Canadian home sales took a breather in December but were still 10% higher in the fourth quarter compared to the third quarter as the Bank of Canada cut borrowing costs, data from the Canadian Real Estate Association (CREA) showed on Wednesday. The fourth quarter increase stood among the stronger …
Canadian home sales fall in December; up 10% in fourth quarter Read More »
(Reuters) – Sprott Asset Management LP on Wednesday launched its silver miners and physical silver exchange-traded fund, the latest addition to its critical materials ETFs. The Sprott Silver Miners & Physical Silver ETF aims to track the performance of the Nasdaq Sprott Silver Miners Index by investing at least 80% of its total assets in …
Sprott Asset Management launches silver miners and physical silver ETF Read More »
SAO PAULO (Reuters) – Services activity in Brazil fell more than expected in November, statistics agency IBGE said on Wednesday, the latest in a series of data indicating that the local economy might be cooling amid tight financial conditions. Service sector activity, the main engine of Brazil’s economy, slipped 0.9% in November from the previous …
Brazil service sector undershoots forecasts in November as activity slows Read More »
(Reuters) – Traders of interest-rate futures on Wednesday were pricing close to even odds the Federal Reserve will cut interest rates twice by the end of this year, with the first reduction to come in June. Government data showed consumer prices rose 2.9% in the 12 months through December, in line with economists’ expectations. …
Traders bring back bets on two Fed rate cuts in 2025 Read More »
By Mike Dolan LONDON (Reuters) -There’s always the balance sheet. Battered bond markets are frantically repricing government borrowing costs to levels not seen for decades, raising fears that these ructions may undermine broader markets and even economies. The fundamental causes of the bond furore have been well aired: investor concern about sticky U.S. inflation, Federal …
Restive bonds still have a balance sheet backstop: Mike Dolan Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -While “U.S. exceptionalism” has undoubtedly helped drive Wall Street’s record-busting returns in recent years, it should not be confused with isolationism. The fourth-quarter U.S. earnings season that gets underway in earnest this week is a reminder that American firms – magnificent as some may be – still operate in …
Dollar strength reminds Wall Street ‘US exceptionalism’ isn’t isolationism: McGeever Read More »
By Andy Home LONDON (Reuters) -Doctor Copper has started 2025 with a spring in his step after a year when the early bull party was followed by a prolonged hangover. The London Metal Exchange three-month price has risen every day in January and is now up 4.0% from the start of the month, making copper …
Copper’s early-year rally leaves investors unimpressed: Andy Home Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Third Point, one of the hedge fund industry’s most closely watched investors, promoted Joshua Targoff to president as it prepares to build out its credit platform. Billionaire investor Daniel Loeb, who founded Third Point in 1995, announced Targoff’s promotion on Tuesday in an investor letter seen by Reuters. …
Hedge fund Third Point promotes Targoff to president, investor letter says Read More »
SEOUL (Reuters) – South Korea’s import prices accelerated in December at the fastest pace in five months, central bank data showed on Wednesday, signalling renewed inflationary pressures due to a weakened local currency. The import price index, in terms of local currency, rose 7.0% in December from a year earlier, the fastest since last July, …
South Korea’s import prices surge at fastest pace in five months as won weakens Read More »
By Panu Wongcha-um BANGKOK (Reuters) – Thailand’s political heavyweight Thaksin Shinawatra believes Southeast Asia’s second largest economy should push to legalise online gambling, which he said could net the government as much as 100 billion baht ($2.89 billion) in annual revenues. Although without a formal role in government, the former prime minister, 75, is one …
Thailand’s Thaksin bullish on legalising online gambling, crypto Read More »
