By Promit Mukherjee and Nivedita Balu OTTAWA/TORONTO (Reuters) – Canada’s move to keep foreigners out of its property market for two more years will do little to alleviate acute housing shortages, as non-residents were never the main driver fuelling property demand, economists and realtors say. The surprise announcement on a Sunday morning last month to …
By Karen Freifeld WASHINGTON (Reuters) -The U.S. on Monday placed Canada-based Sandvine Inc on a trade restriction list for allegedly helping the Egyptian government target human rights activists and politicians. Sandvine, a networking equipment company, was added to the Commerce Department’s “Entity List” for supplying technology to the Egyptian government, “where it is used in …
US restricts exports to Canada’s Sandvine over Egypt censorship Read More »
By Daphne Psaledakis, David Lawder and Andrea Shalal WASHINGTON (Reuters) – Washington’s threat to hit foreign financial institutions with sanctions has made a significant difference in financial flows between Russia and countries such as Turkey, the United Arab Emirates and Kazakhstan, said Deputy Treasury Secretary Wally Adeyemo. Adeyemo, in an interview with Reuters, said data …
Exclusive-Treasury says US warning to banks slows Russia financial flows Read More »
By Lucia Mutikani WASHINGTON (Reuters) -Sales of new U.S. single-family homes rose less than expected in January amid a sharp decline in the South region, but demand for new construction remains underpinned by a persistent shortage of previously owned homes. New home sales increased 1.5% to a seasonally adjusted annual rate of 661,000 units last …
US new home sales rise less than expected in January Read More »
(Reuters) -Paints and coatings maker PPG said on Monday it would review strategic alternatives for its architectural coatings business in the United States and Canada. The announcement comes less than two months after the company said it was reviewing alternatives for its silica products business. PPG’s architectural coatings business manufactures and sells interior and exterior …
PPG explores strategic alternatives for architectural coatings business in US, Canada Read More »
(Corrects 3rd paragraph to say her speech not his speech) By Emma Farge and Rachna Uppal ABU DHABI (Reuters) -Trade ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious chief Ngozi Okonjo-Iweala …
WTO seeks modest outcomes in Abu Dhabi at ‘critical juncture’ for global trade Read More »
(Reuters) -Inflation data from the United States, Europe and Japan will frame the week with key PMI numbers due in China, and policymakers are gathering to debate how to restart the stuttering economic growth engine that is global trade. Meanwhile Ukraine marks the second anniversary of Russia’s invasion. Here’s your week ahead in world markets …
By Jamie McGeever ORLANDO, Florida (Reuters) -“The stock market is not the economy.” This truism has rarely been more relevant, as the extraordinary boom in a handful of mega tech stocks revs Wall Street up to new all-time highs even as many sectors lag behind and economic growth seems set to decelerate. But at …
GDP bedamned – stocks seem to have life of their own: McGeever Read More »
A look at the day ahead in European and global markets from Wayne Cole It’s all about inflation this week with markets pricing in upside risk for the core U.S. reading, and a downside chance for European and Japanese consumer prices. The Federal Reserve’s favoured core measure of personal consumption expenditures (PCE) prices is forecast …
Marketmind: Markets brace for inflation trifecta Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – Hedge funds are wagering one of their biggest bets against the Japanese yen in years, pushing Japanese authorities’ tolerance of the currency’s slide towards new 34-year depths to the limit. Although Tokyo has cranked up the warnings recently that “rapid” moves in the exchange rate are “undesirable”, there …
Column-Funds’ short yen bets to test Japan’s intervention resolve: McGeever Read More »
