TSX falls as stimulus concerns weigh on banks
TORONTO (Reuters) - Canada‘s main stock index slipped in early Friday trade, led by declines in financials and industrials, as investors fretted about a possible pullback in global central bank stimulus programs. The Toronto Stock Exchange‘s S&P/TSX composite index < .gsptse> was down 28.90 points or 0.24 percent, at 12,248.23 shortly after the open. Continue reading
Nikkei rises above 15,000 on weak yen, dollar resilient
SINGAPORE (Reuters) - Japan’s Nikkei share average surged to a 5-1/2-year high on Wednesday as Japanese exporters rallied after the yen’s recent slide, while the dollar showed resilience, supported by signs of an improving U.S. economy. The dollar eased 0.1 percent to 102.22 yen, but still remained near Tuesday’s high of around 102.40 yen, the greenback’s strongest level against the Japanese currency since October 2008. Continue reading
The price of oil fell toward $95 a barrel Thursday, dragged down by evidence that U.S. crude supplies are rising while global economic growth is seen slowing.
By early afternoon in Europe, benchmark oil for July delivery was down 47 cents to $95.41 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 50 cents to close at $95.88 a barrel on Wednesday. Continue reading
SCOTTSDALE, ARIZONA — The air ambulance company, Angel MedFlight, www.angelmedflight.com, is happy to report a 20-year-old Ariel Gernes, who sustained several traumatic injuries from a multiple vehicle collision while she was visiting France, is now back in the United States receiving acute care. Angel MedFlight provided the air medical transportation after Gernes’ insurance company refused to provide medical transport back to the United States. Continue reading
BANGKOK (AP) — Asia stock markets extended losses Thursday after weak U.S. indicators sparked fears of a slowdown in the world’s biggest economy.
The troubling data included weak hiring by businesses, a plunge in mortgage applications and sluggish orders to U.S. factories. Continue reading
By Tomasz Janowski
ISLAMABAD (Reuters) - Pakistan‘s economy is in its worst shape in nearly a decade and yet there is a sense of hope that the incoming government not only seems to know what is needed to fix it but, for once, may also have enough determination and clout to do it. Continue reading
NORTHFIELD, Ill., June 3, 2023 /PRNewswire/ - Stepan Company (NYSE: SCL) today reported that it completed the purchase of the North American Polyester Resins business, from Bayer MaterialScience. The sale includes the production facility located in Columbus, Georgia. Bayer MaterialScience is a leading producer of Powder Polyester Resins for metal coatings applications in NAFTA and Liquid Polyester Resins for CASE (Coatings, Adhesives, Sealants and Elastomers) applications globally. The facility houses a modern R&D laboratory for customer technical support and new product development. The 21,000 ton plant is expandable. The business to be acquired has sales of approximately $64 million. Continue reading
By Chikako Mogi
TOKYO (Reuters) - Asian shares and the Australian dollar eased on Wednesday as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the possibility of reduced Federal Reserve monetary stimulus in the future. Continue reading
Soft data, commodity prices take TSX to one-week low
TORONTO (Reuters) - Canada‘s main stock index retreated sharply on Friday as lower commodity prices triggered a slump in shares of natural resource companies and weak economic data out of Europe and the United States dampened investor sentiment. While almost every major sector declined, the index still looked on track for a gain in May, reversing losses in the previous two months. Continue reading
LONDON (AP) — Stocks posted some modest gains Thursday after a run of unspectacular U.S. economic data eased concerns that the Federal Reserve will start to reduce the amount of financial assets it buys each month.
The advances on Wall Street and European exchanges came after figures showed U.S. economic growth in the first quarter downgraded to an annualized rate of 2.4 percent from 2.5 percent, weekly jobless claims surprisingly up 10,000 and pending home sales rising by far less than anticipated in April. Continue reading