“Our preliminary forecast range for May nonfarm payrolls is 60k-130k, with the central tendency clustering around 90k – lower than the consensus of 130k at the time of writing. We think one sector — leisure and hospitality — accounted for most of the weakness, as subpar international tourism and a pullback in government travel led […]
New entrants, including Metro Bank Holdings Plc, UTB Partners Plc and Zopa Group Ltd., are flocking to AT1s because they are a cheaper way to raise capital than equity, given a backdrop of tight spreads and the stock-market volatility unleashed by US President Donald Trump. And investors are keen to put cash to work in […]
The order suspends the vast majority of Trump’s tariffs — his global flat tariff, elevated rates on China and others, and his fentanyl-related tariffs on China, Canada and Mexico are all suspended by the ruling. Other tariffs imposed under different powers, like so-called Section 232 and Section 301 levies, are unaffected, and include levies on […]
Robin: My background as a filmmaker has always been in adventure sports. I filmed for a company called Level 1 based out of Colorado, which made annual ski films. The trips would take me to places like India, Iceland, Europe, Canada. Then I’d come back and be missing the mountains. So I said, is there anything in Hong […]
“In light of growing uncertainties, particularly those related to trade policy, we have recently revised down our economic and inflation outlook,” Ueda said. “However, we continue to expect underlying inflation to gradually move toward 2 percent over the second half of our forecast horizon,” he said, adding that Japan is now closer to its inflation […]
It’s the latest wedge dividing Europe, where emissions reductions are anchored in law, and the US, where the Trump administration has mounted a full-throated attack on net zero policies. The bill agreed by House Republicans is even “worse than feared” for investors committed to energy transition strategies, according to equity analysts at Jefferies.
In Canada, the economy appears likely to miss the Bank of Canada’s forecast of 1.8% annualized growth in the first quarter, with industry-based figures so far pointing to a 1.5% expansion in data on Friday. Canada’s head of state, King Charles III, will lay out Prime Minister Mark Carney’s priorities in a speech on Tuesday […]
For Kim, the events are a dramatic reversal. Born in South Korea and educated at Harvard University, he founded MBKP in 2005 after a successful career at Carlyle Group. Over two decades, he built MBKP into one of Asia’s largest homegrown private equity funds, winning deals across China, Japan, and Korea.
The G7 countries, which comprise the UK, US, Germany, France, Italy, Canada, and Japan, have been exploring ways to toughen the price cap to better degrade Moscow’s ability to fund its war in Ukraine. Under the current terms of the price cap, which is set at $60, western operators can insure and transport oil from […]
Since the 1950s, Canada and the US have had a joint air defense system known as the North American Aerospace Defense Command, or Norad. In 2022, Canada unveiled a C$38.6 billion ($27 billion) long-term plan to contribute to a modernized Norad. That funding includes a new Australian-developed radar system to detect incoming missiles, announced by […]