Article content (Bloomberg) — The embattled Philippine peso will probably strengthen to 55 per dollar by the end of the year, implying a gain of more than 3% from its current level, according to Sunlife of Canada Philippines Inc. “We see the peso appreciating toward the end of the year due to seasonal inflows such […]
Breadcrumb Trail Links PMN Business Policymakers from Washington to Frankfurt head into the final quarter of 2023 with tentative grounds for optimism that their fight against inflation is making progress. Author of the article: Bloomberg News Craig Stirling and Vince Golle Published Sep 30, 2023 • Last updated 2 minutes ago • 6 minute read Join […]
Breadcrumb Trail Links PMN Business As the US and its allies fret over Canada’s allegation that India orchestrated the murder of a Sikh separatist leader, the scandal is providing a political boost to Prime Minister Narendra Modi. Author of the article: Bloomberg News Swati Gupta and Sudhi Ranjan Sen Published Sep 29, 2023 • 3 […]
Article content (Bloomberg) — US Secretary of State Antony Blinken met with his Indian counterpart Thursday as tensions between two of Washington’s key allies, Canada and India, grow over the killing of a Sikh leader. The official readout of the meeting between Blinken and Indian External Affairs Minister Subrahmanyam Jaishankar in Washington didn’t reference the […]
Breadcrumb Trail Links PMN Business Canada-India ties have deteriorated since Prime Minister Justin Trudeau accused New Delhi of orchestrating the assassination of a Sikh separatist leader in British Columbia. Now, the diplomatic standoff threatens to spill over into their economies. Author of the article: Bloomberg News Shruti Srivastava Published Sep 26, 2023 • 3 minute […]
Article content (Bloomberg) — Australia’s monthly inflation gauge accelerated in August, reflecting global trends as oil prices jumped, bolstering the case for the Reserve Bank to raise interest rates at least one more time. The consumer price indicator rose 5.2% from a year ago, matching estimates, Australian Bureau of Statistics data showed Wednesday. The result […]
Article content (Bloomberg) — Waratah Capital Advisors’ largest hedge fund dropped 1.5% last month, wiping out most of its gains this year. The Waratah Performance fund advanced just 0.4% through August, according to an investor letter seen by Bloomberg, trailing the 12.8% return for a benchmark that includes the S&P 500 and Canada’s TSX Composite […]
Breadcrumb Trail Links PMN Business Policymakers on each side of the Atlantic are likely to take comfort this week from a slowdown taking hold in key underlying measures of consumer-price growth. Author of the article: Bloomberg News Molly Smith and Craig Stirling Published Sep 23, 2023 • 6 minute read Join the conversation aw1k3hue1wmnskru52130)td_media_dl_1.png Sources: […]
Article content (Bloomberg) — Canadian officials shared evidence with India’s government, including communications and phone numbers that they believe link Indian agents with the murder of a Sikh activist, before Prime Minister Justin Trudeau went public with the allegation, said people familiar with the matter. The information was exchanged via security officials of the two […]
Article content (Bloomberg) — Workers at Ford Motor Co.’s Canadian unit avoided a strike, reaching a tentative agreement late Tuesday after extending negotiations by 24 hours from a previous deadline. Unifor, the Canadian autoworkers’ union, pushed for improved pension benefits, higher wages and support for workers during the electric-vehicle transition. Article content “When faced with […]