Article content (Bloomberg) — Asian equity benchmarks gained as risk sentiment improved after softer-then-expected US payroll data revived bets the Federal Reserve will cut interest rates this year. China’s stock market climbed as it reopened after a holiday break. China’s CSI 300 Index climbed as much as 1.6% as Beijing’s supportive policy stance added impetus […]
Breadcrumb Trail Links PMN Business Households go backwards in 13 developed economies as record immigration runs into a housing crisis. Author of the article: Bloomberg News Randy Thanthong-Knight, Swati Pandey and Tom Rees Published May 05, 2024 • 11 minute read 00fdhgskpcy61exx(vws31]s_media_dl_1.png Source: Federal Reserve Bank of Article content (Bloomberg) — Across much of the developed […]
Breadcrumb Trail Links PMN Business A rapidly-growing, global market for hybrid electric vehicles should power earnings at major Asian automakers including Japan’s Toyota Motor Corp. and India’s Tata Motors Ltd. Author of the article: Bloomberg News Harshita Swaminathan, Reina Sasaki, Justina T. Lee and Rachel Yeo Published May 02, 2024 • 3 minute read The […]
Article content (Bloomberg) — Travis Machen is joining Bank of Nova Scotia from Morgan Stanley to lead the its global banking and markets business. Machen, who is set to start May 6, will replace Jake Lawrence, who left the bank in March to become chief financial officer of Power Corp. of Canada, according to a […]
Breadcrumb Trail Links PMN Business Jerome Powell’s remarks in the coming week will be closely parsed by investors for any clues on just how long the Federal Reserve is willing to wait before cutting interest rates. Author of the article: Bloomberg News Reade Pickert and Craig Stirling Published Apr 27, 2024 • 6 minute read […]
Breadcrumb Trail Links PMN Business Canada is on the verge of an agreement with Honda Motor Co. that would see the Japanese firm build electric vehicles and their components in the province of Ontario, according to people familiar with the matter. Author of the article: Bloomberg News Brian Platt Published Apr 21, 2024 • 4 […]
Breadcrumb Trail Links PMN Business Higher inflationary expectations and price tolerance are taking root in Japan, a development that supports the central bank’s moves to normalize policy and raise interest rates further. Author of the article: Bloomberg News Toru Fujioka Published Apr 21, 2024 • 3 minute read 2(38ux6c1img8z6t9h4o[jh3_media_dl_1.png Source: BOJ Article content (Bloomberg) — […]
Breadcrumb Trail Links PMN Business Federal Reserve officials are about get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Author of the article: Bloomberg News Molly Smith and Craig Stirling Published Apr 20, 2024 • 6 minute […]
Article content (Bloomberg) — Beijing’s currency defense against the dollar risks coming undone by the side effect it is having against the other major currencies in China’s trading orbit. The official CFETS RMB Index, which measures the yuan’s performance versus 24 peers, has climbed 2.7% since end-December and rallied to the highest in a year […]
Article content (Bloomberg) — Canada’s decision to increase capital gains taxes was criticized by businesses who warned the move would only exacerbate the country’s investment and productivity woes. In a bid to raise billions of dollars to help pay for policies to correct a housing crisis which has turned off younger voters, Finance Minister Chrystia […]