Canada's main stock index rose on Thursday to its highest level in more than six weeks as investors cheered corporate earnings results, shrugging off data that showed the U.S.
Canada's main stock index slipped on Thursday following a mixed bag of results, while gloomy forecasts by U.S.
U.S. stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% as data showing a second consecutive quarterly contraction in the economy fueled investor speculation the Federal Reserve may not need to be as aggressive with interest rate hikes as some had feared.
U.S. stocks rallied for a second day on Thursday as data showing a contraction in the U.S.
U.S. stock indexes fell on Thursday weighed down by gloomy forecasts from Meta and Qualcomm, while an early reading showed the U.S.
Wall Street's main indexes were set to open lower on Thursday following gloomy forecasts from Meta and Qualcomm, while an early reading which showed the U.S.
In central England, birthplace of the industrial revolution, factories are buzzing anew, hammering out parts for cars, planes and medical machines that used to be made in Asia.
Soaring inflation has made life harder for most of the world - but some people are still smoking expensive cigarettes and doing shots of fancy tequila.
Cenovus Energy reported a near 11-fold surge in second-quarter profit on Thursday and boosted capital spending and production forecasts, but warned Canadian government plans to cap oil and gas emissions could lead to production being shut in.
China will try hard to achieve the best possible results for the economy this year, state media said on Thursday after a high-level meeting of the ruling Communist Party, dropping previous calls that it will strive to meet its 2022 growth target.
China will try hard to achieve the best possible results for the economy this year, state media said on Thursday after a high-level meeting of the ruling Communist Party, dropping previous calls that it will strive to meet its 2022 growth target.
Asian companies will slow investment sharply this year, deterred by soaring interest rates and fears of deepening recession, and budgets will on average fall next year, the first contraction since 2015, data showed.
Loan growth in India is at a three-year high and seen inching up further as economic activity gains traction but a much slower growth in deposits could send banks scurrying for funds and prompt deposit rate increases, say analysts and bankers.
As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually poised to buy in Asia's emerging markets, betting authorities can tame inflation without triggering the capital-flight chaos of previous cycles.
Bearish bets on the Thai baht extended on risks around recession, the Chinese economy, and inflation, while short bets on most Asian currencies eased slightly but remained firmly around multi-month highs, a Reuters poll showed on Thursday.
As a cost-of-living crisis with no end in sight sends shockwaves through Europe, deals in the region's retail and consumer-products industries have slowed dramatically - even more so than in other sectors, data shows.
Investors are gauging whether the U.S. Federal Reserve has reached the peak of its aggressiveness in hiking rates, with some saying they're ready to up risky positions again.
China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial Times said on Thursday, as it tries to revive the debt-stricken sector and relieve pressure on the economy.
After the U.S. central bank raised its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row, Federal Reserve Chair Jerome Powell did something he hasn't done since rate hikes began in March: He avoided putting exact numbers to the size of the next rate hike.
U.S. economic growth likely rebounded moderately in the second quarter as companies boosted exports and maintained a strong pace of spending on equipment, which could assuage financial market fears that the economy was already in recession.
The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the economy was on the cusp of a recession.
India's gold demand in the first half of 2022 jumped 42% from a year ago but consumption in the second half could be lower than last year as higher inflation erodes disposable income, the World Gold Council (WGC) said on Thursday.
Meiji Yasuda Life Insurance Co is ready to buy U.S.
South Korea's financial supervisory and prosecution agencies said on Thursday they would strengthen monitoring and punishment of illegal stock short-selling following an order by the country's president.
New Zealand business sentiment improved slightly in July but remained gloomy in the face of intense inflation pressures, an ANZ Bank survey showed on Thursday.
Australian retail sales edged higher in June but missed market forecasts for the first time in several months, a sign soaring inflation and rising interest rates may be finally curbing consumer demand.
The Bank of Japan must always think about the appropriate means for exiting ultra-loose monetary policy, even if an actual lift-off will be some time away, deputy governor Masayoshi Amamiya said on Thursday.
Bank of Japan Deputy Governor Masayoshi Amamiya on Thursday stressed the need to keep monetary policy ultra-loose due to uncertainty on whether wages will increase enough to compensate households for the rising cost of living.
The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors' worries about continued aggressive monetary tightening.
The U.S. dollar languished near a three-week low to major peers on Thursday after Federal Reserve Chair Jerome Powell assuaged trader worries about continued aggressive monetary tightening.
