(This Oct. 26 has been corrected to fix the carbon price to C$170 a tonne, not C$130 a tonne, in paragraph 7) By Ismail Shakil and Nia Williams OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau on Thursday announced a three-year carbon tax exemption for home heating oil and higher carbon tax rebates for people …
Canada to pause carbon tax on home heating oil for three years Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending surged in September as households boosted purchases of motor vehicles and traveled, keeping spending on a higher growth path heading into the fourth quarter. The stronger-than-expected increase in spending reported by the Commerce Department on Friday was accompanied by elevated monthly inflation readings, against the backdrop …
US consumer spending exits third quarter on strong note; monthly core inflation rises Read More »
MADRID -Spain’s economy expanded 0.3% in the third quarter from the previous three-month period, preliminary data from the National Statistics Institute showed on Friday, slowing from the revised growth of 0.4% notched in the previous three months. Analysts polled by Reuters had expected gross domestic product to grow 0.2% quarter-on-quarter. On an annual basis, Spain’s …
Spain’s Q3 GDP expands 0.3% from previous quarter Read More »
(Reuters) – Central bankers will keep investors on alert in the coming days, with the Bank of Japan, the U.S. Federal Reserve and the Bank of England all due to meet, while Apple tops the bill for earnings on both sides of the Atlantic. Here’s your week ahead in markets from Elizabeth Howcroft and Amanda …
By Mike Dolan LONDON (Reuters) – Even optimistic investors are now keen to avoid credit landmines among smaller firms as borrowing rates and debt servicing costs climb, and a U.S. tax twist may well compound the problem. Blowout U.S. economic growth and this year’ megacap gains clearly mask a stickier time for small businesses who …
By Leika Kihara TOKYO (Reuters) – The Bank of Japan will face growing pressure at its policy meeting next week to shift further away from its controversial bond yield control, amid rising global bond yields and persistent inflation. A spike in U.S. Treasury yields has pushed up the 10-year Japanese government bond (JGB) yield near …
BOJ meets as rising global yields, inflation test yield cap Read More »
(Reuters) – Chile’s central bank cut its benchmark interest rate on Thursday by 50 basis points to settle at 9.00% in a unanimous decision, as the South American nation’s monetary authority sees inflation pressures easing. Annual inflation in the world’s largest copper-producing country has fallen faster than market expectations for months, ticking down to 5.1% …
Chile cuts benchmark borrowing rate 50 basis points to land at 9% Read More »
SYDNEY (Reuters) – Consumer confidence in New Zealand rose in October but more remained wary about purchasing major household items, the best retail indicator, ANZ-Roy Morgan data showed on Friday. The consumer confidence index rose to 88.1 in October from 86.4 in September. A reading above 100 shows optimism, while below that indicates pessimism. A …
New Zealand consumer confidence lifts in Oct but households remain wary- ANZ survey Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks tumbled on Thursday, dragged by tech and tech-adjacent megacap shares as investors digested mixed quarterly earnings and signs of economic resiliency that could encourage the Federal Reserve to keep interest rates at a restrictive level longer than expected. All three major U.S. stock indexes ended in …
Wall Street ends lower on mixed earnings, robust data Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday said U.S. third quarter economic growth of nearly 5% was “a good strong number” that points to a soft landing for the U.S. economy but could help keep longer-dated bond yields elevated. “It’s a good strong number and shows the economy is doing …
Yellen says US GDP is a ‘good strong number’, may keep bond yields higher Read More »
