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Refiners in Japan, South Korea join China in buying cargoes from Canada’s Trans Mountain pipeline: sources
Asia’s crude oil imports from Canada’s newly expanded Trans Mountain pipeline will rise in September as major refiners in Japan and South Korea and a refinery in Brunei have bought […] This post is only…
Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion
Cleveland-Cliffs said on Monday it will buy Canadian peer Stelco Holdings for C$3.85 billion ($2.8 billion), marking its first acquisition since a failed bid for rival U.S. Steel last year.Cliffs’ CEO […] This post is only…
China reports second-quarter GDP growth of 4.7%, missing expectations
China’s National Bureau of Statistics on Monday said the country’s second-quarter GDP rose by 4.7%. That’s slower than the 5.3% year on year GDP increase in the first quarter. Retail […] This post is only…
Calendar: July 15 – July 19
Monday July 15China’s Third Plenum policy meeting runs through ThursdayChina real GDP for the second quarter, plus June industrial production, retail sales and fixed asset investmentEuro area industrial production830 am […] This post is only…
U.S. bank earnings and interest rates: What world markets will be watching next week
Federal Reserve Chair Jerome Powell’s testimony and U.S. inflation data top the agenda in the week to come, with U.S. banks reporting earnings and rate decisions due in New Zealand […] This post is only…
Calendar: July 8 – July 12
Monday July 83 pm ET: U.S. consumer creditTuesday July 96 am ET: U.S. NFIB small business economic trends survey10 am ET: U.S. Fed Chair Powell testifies to the Senate Banking […] This post is only…
TSX Ends 0.8% Down As Energy, Financials Shares Decline
Published: 7/5/2024 5:42 PM ET | The Canadian market snapped a three-day winning streak and ended weak on Friday, weighed down by losses in energy sector after oil prices drifted lower. Investors digested […] This post is only…
Oil Prices Headed For Fourth Weekly Gain
Oil prices were subdued on Friday but headed for a fourth straight weekly gain due to West Asia tensions, weather concerns and hopes of rising demand during the Northern Hemisphere’s […] This post is only…
U.S. unemployment rate rises to 4.1% as job growth moderates in June
U.S. job growth slowed to a still-healthy pace in June, with the unemployment rate rising to 4.1 per cent, increasing the chances that the Federal Reserve will be able to […] This post is only…