Toronto Market Snaps Monthly Losing Streak As Earnings Impress

Toronto Market Snaps Monthly Losing Streak As Earnings Impress

By Fergal Smith TORONTO (Reuters) – Canada’s resource-heavy main stock index rose on Friday, capping a positive month for the market, as company earnings impressed investors and preliminary data showed the Canadian economy expanding more than expected in the second quarter. The Toronto Stock Exchange’s S&P/TSX composite index ended up 236.21 points, or 1.2%, at…

Read More
Signs Emerge That Global Inflation Could Be Transitory - Former Policymakers

Signs Emerge That Global Inflation Could Be Transitory – Former Policymakers

By Lisa Pauline Mattackal, Divya Chowdhury and Nishara Karuvalli Pathikkal (Reuters) – Central banks and markets may have dropped the narrative that inflation is “transitory,” but there is a strong chance that current spikes in prices are temporary and will soon begin to trend downward, economists and former central bank policymakers told the Reuters Global…

Read More
U.S., Japan Launch Economic Dialogue; To Cooperate On Next-gen Semiconductors

U.S., Japan Launch Economic Dialogue; To Cooperate On Next-gen Semiconductors

By Simon Lewis and David Brunnstrom WASHINGTON (Reuters) – Long-time allies the United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. The two countries agreed to establish a new joint research center for next-generation semiconductors during…

Read More
India's Ola, Uber In Merger Talks - ET

India’s Ola, Uber In Merger Talks – ET

(Reuters) -Indian cab aggregator Ola and Uber Technologies Inc are considering a potential merger, the Economic Times reported on Friday, citing sources familiar with the matter. Ola Chief Executive Bhavish Aggarwal met top Uber executives in San Francisco, United States, recently, the report said, citing two sources. (https://bit.ly/3cPbXro) The report did not disclose financial details…

Read More
U.S. And Japan Launch Economic Dialogue To Push Back Against China, Russia

U.S. And Japan Launch Economic Dialogue To Push Back Against China, Russia

By Simon Lewis and David Brunnstrom TOKYO (Reuters) -Long-time allies the United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. Japanese media said the so-called economic “two-plus-two” ministerial meeting in Washington was expected to agree on…

Read More