Economy News

A man hides from the rain in front of an electronic stock quotation board outside a brokerage in Tokyo

Europe woes and U.S. rate outlook weigh on stocks, lift dollar

By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks sagged and the dollar stood tall on Wednesday on growing prospects the Federal Reserve was on track to raise interest rates later this year and concerns that financial woes could engulf Spain in addition to Greece. "Spanish equities fell and bond yields rose as the regional and municipal elections delivered a highly fragmented verdict," they sa…

  • U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul
    Dollar jumps on Europe woes, data; stocks, … Reuters - 9 hours ago

    Stocks and commodities took a knock, as the greenback pushed higher on a solid increase in a gauge of U.S. business investment spending in April. The mood in Europe … More »Dollar jumps on Europe woes, data; stocks, …

    U.S. one-hundred dollar bills are seen in this photo illustration at a bank in Seoul

    Stocks and commodities took a knock, as the greenback pushed higher on a solid increase in a gauge of U.S. business investment spending in April. The mood in Europe was unsettled as voters in Spain punished the ruling Popular Party in local elections after years of austerity policies. Greece, which has warned it may miss …

  • Rosenberg says strong possibility Fed … Reuters - 10 hours ago

    By Jennifer Ablan NEW YORK (Reuters) - David Rosenberg, chief economist and strategist of Canadian asset manager Gluskin Sheff, said on Tuesday he believes there is … More »Rosenberg says strong possibility Fed …

    By Jennifer Ablan NEW YORK (Reuters) - David Rosenberg, chief economist and strategist of Canadian asset manager Gluskin Sheff, said on Tuesday he believes there is a strong possibility the U.S. Federal Reserve will not raise interest rates this year. "I'm not going to say this economy is strong," Rosenberg told Reuters. …

  • U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York
    Fed rate hikes may trigger global volatility: … Reuters - 11 hours ago

    By Ari Rabinovitch TEL AVIV (Reuters) - When the Federal Reserve raises U.S. interest rates for the first time in nearly a decade, it should weigh the effects on global … More »Fed rate hikes may trigger global volatility: …

    U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York

    By Ari Rabinovitch TEL AVIV (Reuters) - When the Federal Reserve raises U.S. interest rates for the first time in nearly a decade, it should weigh the effects on global economies and can expect some bouts of financial market volatility, a top Fed official said on Tuesday. "In the normalizing of its policy, just as when …

  • 5 people give their 2 cents to Alberta's new energy minister
    5 people give their 2 cents to Alberta's … CBC - 11 hours ago

    Marg McCuaig-Boyd might just have the hardest job in Alberta right now. Like all the new NDP cabinet ministers, she has a steep learning curve ahead of her. But McCuaig-Boyd will … More »5 people give their 2 cents to Alberta's …

    5 people give their 2 cents to Alberta's new energy minister

    Marg McCuaig-Boyd might just have the hardest job in Alberta right now. Like all the new NDP cabinet ministers, she has a steep learning curve ahead of her. But McCuaig-Boyd will also face extraordinary scrutiny as she feels her way through the next few months. Scrutiny from an energy industry that is going through a bust, …

  • Boko Haram kill at least 43 in Nigeria's … Reuters - 12 hours ago

    By Lanre Ola GUBIO, Nigeria (Reuters) - Boko Haram militants have killed at least 43 people in a five-hour assault on the town of Gubio in northeastern Nigeria's Borno … More »Boko Haram kill at least 43 in Nigeria's …

    By Lanre Ola GUBIO, Nigeria (Reuters) - Boko Haram militants have killed at least 43 people in a five-hour assault on the town of Gubio in northeastern Nigeria's Borno state, witnesses said on Tuesday. Thousands of people have been killed and several million displaced in a six-year Boko Haram insurgency that once saw …

  • Alberta energy minister inexperience … Reuters - Mon, 25 May, 2015

    By Scott Haggett CALGARY, Alberta (Reuters) - Canada's oil and gas industry is concerned about the inexperience of Alberta's new energy minister, but is ready to give … More »Alberta energy minister inexperience …

    By Scott Haggett CALGARY, Alberta (Reuters) - Canada's oil and gas industry is concerned about the inexperience of Alberta's new energy minister, but is ready to give her the benefit of the doubt for now as she takes on the closely watched role, analysts and executives said on Monday. Marg McCauig-Boyd, a one-time teacher …

  • A man walks past an old Toronto Stock Exchange sign in Toronto
    Oil and gas shares tug TSX lower in … Reuters - Mon, 25 May, 2015

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index edged lower on Monday as investors took money out of recently rising energy stocks in trade made sluggish … More »Oil and gas shares tug TSX lower in …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index edged lower on Monday as investors took money out of recently rising energy stocks in trade made sluggish by the U.S. Memorial Day holiday, but banks firmed ahead of closely watched quarterly earnings reports. The energy sector, which accounts for more than …

  • Ontario needs helping hand, Mowat Centre … CBC - Mon, 25 May, 2015

    The next federal government, no matter what party forms it, should develop an economic strategy geared to boosting Ontario, according to a new report from the Mowat Centre. … More »Ontario needs helping hand, Mowat Centre …

    The next federal government, no matter what party forms it, should develop an economic strategy geared to boosting Ontario, according to a new report from the Mowat Centre. Such a strategy would not only help the province that is the engine of economic growth in Canada, but help most of the other provinces too, the economic …

  • Finance ministers and central bank governors pose for a family photo during a meeting of G20 finance ministers and central bank governors in Paris
    G7 finance ministers to discuss recent … Reuters - Mon, 25 May, 2015

    Finance ministers and central bankers from the Group of Seven industrialized nations will discuss recent foreign exchange movements when they meet in Germany this week, … More »G7 finance ministers to discuss recent …

    Finance ministers and central bank governors pose for a family photo during a meeting of G20 finance ministers and central bank governors in Paris

    Finance ministers and central bankers from the Group of Seven industrialized nations will discuss recent foreign exchange movements when they meet in Germany this week, a senior Canadian official said on Monday. The official also told reporters that foreign exchange movements over the last few months have reflected what …

  • U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York
    Fed's Fischer: Too much weight placed … Reuters - Mon, 25 May, 2015

    U.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning … More »Fed's Fischer: Too much weight placed …

    U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York

    U.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning to a more normal level will take a few years. Fischer, speaking in Israel, said that while markets largely expect the first rate hike in September, …

  • Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington
    Regulation should be main tool against … Reuters - Mon, 25 May, 2015

    Central bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, … More »Regulation should be main tool against …

    Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington

    Central bankers should be aware of the potentially destabilizing effects of super-easy policy on financial systems, a top U.S. Federal Reserve official said on Monday, even if monetary policy should not be used as a main tool to prevent bubbles. "I would opt to use the macroprudential tools as the first line of defense, …

  • Traders work at their screens at the stock exchange in Frankfurt
    European shares dip, dollar gains after … Reuters - Mon, 25 May, 2015

    By Lisa Twaronite TOKYO (Reuters) - European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that … More »European shares dip, dollar gains after …

    Traders work at their screens at the stock exchange in Frankfurt

    By Lisa Twaronite TOKYO (Reuters) - European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year. U.S. shares fell on Friday after Yellen suggested the Fed was ready to act if the economy …

  • Air Canada's new carry-on crackdown doomed to fail, critics claim
    Air Canada's new carry-on crackdown … CBC - Mon, 25 May, 2015

    Air Canada is once again targeting passengers who try to sneak on excess carry-on luggage. But critics claim the stepped up crackdown ultimately won't solve the upsurge … More »Air Canada's new carry-on crackdown …

    Air Canada's new carry-on crackdown doomed to fail, critics claim

    Air Canada is once again targeting passengers who try to sneak on excess carry-on luggage. But critics claim the stepped up crackdown ultimately won't solve the upsurge in on-board bags.

  • Portugal, like Europe, loses hunger … Reuters - Mon, 25 May, 2015

    By John O'Donnell and Axel Bugge SINTRA, Portugal (Reuters) - Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm … More »Portugal, like Europe, loses hunger …

    By John O'Donnell and Axel Bugge SINTRA, Portugal (Reuters) - Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening. With Greece's future in the euro uncertain, after its leftist government …

  • A sign board displaying Toronto Stock Exchange stock information is seen in Toronto
    Five things to watch for in the Canadian … The Canadian Press - Sun, 24 May, 2015

    Here are five things to look for in Canadian business this week: More »Five things to watch for in the Canadian …

    A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

    Here are five things to look for in Canadian business this week:

  • Stores in Montreal tourist areas can … The Canadian Press - Sat, 23 May, 2015

    Visitors to Montreal will be able to shop around the clock thanks to a new designation that will allow stores to stay open 24 hours a day, seven days a week.

  • Europe is emerging 'out of the woods': OECD

    Stark structural differences between countries in the euro zone could unravel the currency union, European Central Bank President Draghi warned on Saturday.

 
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