By Marc Jones LONDON (Reuters) – Having beaten the Fed & Co off the blocks when it came to raising interest rates, parts of the developing world will be the front runners again when it comes cutting them, although the timing now looks increasingly in flux. With the United States threatening to push its borrowing …
Analysis-Emerging market central bank pivot plans face a Fedache Read More »
By Ismail Shakil OTTAWA (Reuters) – Canada recorded an unexpected trade surplus of C$1.9 billion ($1.38 billion) in January, driven by broad-based gains in exports, while imports posted a smaller increase led by motor vehicles and parts, Statistics Canada data showed on Wednesday. Analysts had forecast a trade deficit of C$60 million in January. Statscan …
Canada posts surprise January trade surplus of C$1.9 billion on export gains Read More »
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada on Wednesday left its key overnight rate on hold at 4.50% as expected, becoming the first major central bank to suspend its campaign against spiking inflation, given price pressures are easing as forecast. Over the past year, the bank raised rates eight …
Bank of Canada keeps rates on hold, says inflation slowing as expected Read More »
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve battles sticky inflation in a tight labor market. Fed Chair Jerome Powell’s hawkish testimony to congress on March 7 further strengthened those views, …
Factbox-Fed rate watch: Powell fuels bets of longer hike cycle, higher rates Read More »
By Deborah Mary Sophia (Reuters) -Campbell Soup Co raised its annual sales forecast after topping Wall Street estimates for quarterly results on Wednesday, as inflation-weary Americans turn to its condensed soups, ready-to-serve meals and snacks to stock their pantries. The company’s shares rose about 2% in early trading after it also lifted the lower end …
Campbell Soup lifts sales outlook as Americans keep snacking Read More »
(Reuters) – Canada’s main stock index opened flat on Wednesday as investors were cautious ahead of the Bank of Canada’s (BoC) interest rate meeting later in the day. At 9:30 a.m. ET (14:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 17.61 points, or 0.05%, at 20,293.15. (Reporting by Johann M Cherian in …
(Reuters) – Brown-Forman Corp missed Wall Street expectations for third-quarter profit on Wednesday, as the Jack Daniel’s whiskey maker struggled to keep a tight lid on costs. Spirit makers such as Brown-Forman have had to raise prices to shield their margins from soaring transportation and input costs. The company’s selling, general and administrative expenses rose …
Brown-Forman misses quarterly profit estimates as costs weigh Read More »
WASHINGTON (Reuters) -U.S. private payrolls increased more than expected in February, pointing to continued labor market strength. Private employment increased by 242,000 jobs last month, the ADP National Employment report showed on Wednesday. Data for January was revised higher to show 119,000 jobs added instead of 106,000 as previously reported. Economists polled by Reuters had …
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Gol Linhas Aereas Inteligentes SA on Wednesday reported an unexpected fourth quarter net profit, reversing a multi-billion-real loss seen a year earlier on the back of higher yields and positive tourism demand. The surprisingly strong figures sent shares in the company soaring more than 12% in …
Brazil airline Gol’s shares soar after unexpected Q4 net profit Read More »
WASHINGTON (Reuters) – The U.S. trade deficit widened moderately in January as both imports and exports increased strongly. The trade deficit increased 1.6% to $68.3 billion, the Commerce Department said on Wednesday. Data for December was revised to show the trade gap widening to $67.2 billion instead of $67.4 billion as previously reported. Economists polled …
