By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector deepened slightly in June as an uncertain economic outlook weighed on both domestic and foreign demand, data showed on Tuesday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) dipped to a seasonally adjusted 48.8 in June from 49.0 in May. A reading below…
By Kanishka Singh and Shivani Tanna (Reuters) -At least three people were killed and eight wounded in a mass shooting in Fort Worth, Texas, after a local festival, officials said on Tuesday, in the latest incident of gun violence around the Fourth of July holiday. The shooting took place just before midnight on Monday in…
By Sakura Murakami and John Geddie TOKYO (Reuters) -Japan won approval from the U.N.’s nuclear watchdog on Tuesday for its plan to release treated radioactive water from the tsunami-wrecked Fukushima plant into the ocean, despite fierce resistance from Beijing and some local residents. After a two-year review, the International Atomic Energy Agency (IAEA) said Japan’s…
By Emma Farge GENEVA (Reuters) -U.N. aid agencies on Tuesday voiced alarm at the scale of the ongoing Israeli military operation in the West Bank town of Jenin, where 10 Palestinians have been killed, saying there were restrictions on medical access. The operation, which involved drone strikes and hundreds of troops and was one of…
SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday that the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay wants its trade agreement with the European Union to be a “win-win” situation. Lula has criticized some of the European Union’s requests for the deal, including an addendum attaching sustainability and climate…
LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks are passing on better savings rates to consumers. “Increased interest rates must also be passed on to savers,” Hunt said on Twitter. “@TheFCA (The Financial Conduct Authority) has my full backing to ensure banks are…
By Olena Harmash KYIV (Reuters) – Ukraine’s foreign ministry summoned Georgia’s ambassador on Tuesday to protest against the treatment of jailed former Georgian President Mikheil Saakashvili, and told him to go back to Tbilisi to resolve the situation. Ukrainian President Volodymyr Zelenskiy urged the Georgian authorities on Monday to allow Saakashvili, who has Ukrainian citizenship,…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared with 11.3% in the same period of 2022, data showed on Tuesday, getting public finances off to a bad start after a huge overshoot in 2022. This year Giorgia Meloni’s…
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The world’s major central banks delivered in June the biggest number of monthly interest rate hikes year-to-date, surprising markets and flagging more tightening ahead as policy makers grapple to get the upper hand in their battle against inflation. Seven of the nine central banks overseeing the…
Gold prices and the gold mining sector in 2023 reveal intriguing insights. While the SPDR Gold Trust (NYSE:GLD) grew modestly by 5%, it underperformed the equity asset class. In contrast, the SPDR S&P 500 ETF Trust (NYSE:SPY) surged by 16%, and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) astonishingly soared by 38%. Gold mining stocks…
