Since the RBA’s March 31-April 1 meeting, data showed hotter-than-expected inflation, a surprise acceleration in wages and a tight job market. That suggests the RBA has “no reason to give any additional encouragement to the market’s rate cut hopes,” said Sean Keane, chief Asia Pacific strategist for JB Drax Honore, referring to pricing for two […]
Japan releases a slew of major indicators from across the economy, beginning midweek with exports and imports, machine orders, and PMI — all of which will provide a steer on the global effects of Trump’s trade war. Friday brings national consumer prices, which are set to remain elevated at 3.5%, and department store sales, which […]
Macquarie Asset Management sold its first US collateralized loan obligation earlier this month, while hedge fund Arini, run by former Credit Suisse Group AG star trader Hamza Lemssouguer, priced its debut US CLO in April. Anthelion Capital, an AI-based asset management platform, is also looking to come to market in the next few weeks, and […]
Flatley: Well, the, one of the things that you know, came up is this idea of fentanyl, and China shipping precursor chemicals for the production of fentanyl to Mexico and other countries in order to basically get that drug into the United States. And so China sent one of its national security officials to Geneva […]
New Zealand is attempting to match steps in Australia, which late last year passed a law that banned children under the age of 16 from setting up accounts on popular social media sites including Facebook, Instagram, Snapchat and TikTok. The UK, the EU, Canada and some states in the US are also exploring the issue, […]
Globally, Toyota sold 10.8 million cars in 2024, with the US accounting for a little less than a quarter of those. While half were made locally and another 30% came from neighboring Canada and Mexico, some 281,000 vehicles were imported from Japan. That includes popular models such as the 4Runner mid-sized SUV, Prius hybrid and […]
In Canada, Prime Minister Mark Carney is set to unveil a new cabinet tasked with an ambitious economic agenda, including removing internal trade barriers and reorienting exports away from the US. Home sales for April will offer insight into a spring slump, while Ontario, the country’s most populous province, releases its budget.
Now, however, Wall Street’s leveraged finance desks, which chased fee-rich deals to reel in a third of investment-banking revenue in recent years, are in no mood to fritter away some of their edge like they did in 2022. After taking losses on “hung deals” back then, they came to regret their reluctance to back acquisitions […]
Two years ago, the country’s population grew 3.1%, a rate not seen since the 1950s, largely due to an influx of foreign students and temporary workers. But last year, as it became clear the housing supply and the health care system were straining from this growth, the federal government enacted measures meant to stem the […]
The program to accept Canadian currency, called “Open Arms for Our Canadian Friends,” includes hotels, restaurants and even transportation companies like FRS Clipper, a boat service between Seattle and Victoria, British Columbia, as well as Kenmore Air, which runs seaplanes between Washington State and western Canada.