First Quantum (FM-T) has this week started reducing operations at its Cobre Panama mine in the face of escalating protests.The Canadian miner is caught in a perfect storm of environmental, […]
Author: Consultant
CAE reports second-quarter profit, revenue up compared with year ago
CAE Inc. CAE-T -2.85%decrease reported its second-quarter profit and revenue rose compared with a year ago.The flight simulator company says it earned net income attributable to equity holders of $58.4-million or 18 cents […]
U.S. consumer inflation eased in October as cheaper gas slowed overall price increases
Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedevilled consumers […]
Teck to sell coal business to Glencore, Nippon Steel and POSCO in US$8.9-billion deal
Teck Resources Ltd. TECK-B-T +2.74%increase has agreed to sell its coal business to Swiss commodities trading giant Glencore PLC and two Asian steelmakers, in a US$8.9-billion transaction that requires federal approval, and will […]
Moody’s cuts U.S. outlook to negative, citing deficits and political polarization
Moody’s Investors Service lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength. The ratings agency has affirmed […]
House Republicans unveil their plan to avert a government shutdown next week
WASHINGTON — House Republicans on Saturday unveiled their stopgap funding bill to avert a government shutdown set to begin next weekend. But with just five legislative days left until the […]
Dow leaps nearly 400 points Friday, major averages notch a second week of gains: Live updates
UPDATED FRI, NOV 10 20234:42 PM ESTStocks rallied Friday, recovering the ground lost in the previous session, as Treasury yields stabilized.The Dow Jones Industrial Average advanced 391.16 points, or 1.15% to close […]
Suncor Energy reports third quarter profit of $1.54 billion
Suncor Energy Inc. says it earned a profit of $1.54 billion in the third quarter of 2023, compared to a net loss of $609 million in the prior year’s quarter.The […]
Economic Calendar: Nov 13 – Nov 17
Monday November 13Canada’s Remembrance Day (stock markets open, bond markets closed)China’s aggregate yuan financing, new loans and money supplyJapan machine tool orders(2 p.m. ET) U.S. budget balance for October.Earnings include: […]