Bank of Canada says more evidence needed to know if rates are high enough

The Bank of Canada needs more evidence to gauge if interest rates are high enough to tame inflation, in part because the economies of major trading partners are doing better than forecast, Senior Deputy Governor Carolyn Rogers said on Thursday.

newspaper

09-03-2023

Bank of Canada says it needs more evidence that rates are high enough

The Bank of Canada needs more evidence to gauge if interest rates are high enough to tame inflation, in part because the economies of major trading partners are doing better than forecast, senior deputy governor Carolyn Rogers said on Thursday.

newspaper

09-03-2023

U.S. mulling a probe of deceptive advertising on social media

The U.S. Federal Trade Commission is expected to vote next week on whether to send demands for information about deceptive advertising to eight social media and video streaming companies, the agency said on Thursday.

newspaper

09-03-2023

Investors fear inflation, higher yields may make U.S. equities 'dead money'

Renewed hawkishness from the Federal Reserve is pushing investors to game out how a regime of “higher for longer” interest rates could weigh on U.S. stocks. Some believe they may be in for a slog.

newspaper

09-03-2023

Exclusive-C.H. Robinson in advanced talks to name Barber as new CEO

NEW YORK (Reuters) -C. H. Robinson Worldwide, the largest U.S. freight broker, is in advanced talks to name former United Parcel Service Inc (UPS) chief operating officer Jim Barber as chief executive officer after the departure of Bob Biesterfeld, two sources familiar with the discussions said.

newspaper

09-03-2023

India, US to sign memorandum of understanding on semiconductors

The United States and India will sign a memorandum of understanding on semiconductors as both countries discuss coordination of investment and continue dialogue around policies to spur private investment, U.S. Commerce Secretary Gina Raimondo said on Thursday.

newspaper

09-03-2023

Inflation scare over? The case for and against sticky inflation

Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.

newspaper

09-03-2023

Marketmind: Is China exporting deflation?

A look at the day ahead in European and global markets from Tom Westbrook

newspaper

09-03-2023

US opens new special probe into fatal Tesla crash

WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) on Wednesday said it is opening a new special investigation into a February fatal crash in California involving a Tesla Model S where an advanced driver assistance system was suspected of having been used.

newspaper

08-03-2023