TSX ends up 0.3% at 25,971.93 Eclipses Thursday’s record high MEG Energy biggest gainer after takeover bid Investors remain cautious May 16 – Canada’s main stock index hit a record high on Friday, closing firmer for a sixth consecutive week, as worries about a global trade war eased after the U.S.-China tariff truce over the…
(Bloomberg) — The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyersâ essential needs. Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. Fidelity…
On budget day, I was in the Lok Sabha press gallery. The finance minister read out the deficit numbers in the speech. To my relief, the officials hadnât misled me. One of them walked up to me as I was leaving and said: âThe RBI governor has just messaged the finance secretary: The bond markets are…
Itâs hard to know which is more unsettling: that the leader of the free world could spout complete drivel about its most successful and admired economy. Or the fact that on April 2nd, spurred on by his delusions, Donald Trump announced the biggest break in Americaâs trade policy in over a centuryâand committed the most…
US President Donald Trump is showing Americaâs trading partners no mercy. If they export a lot to the US, it will tariff them backâby half. The âreciprocalâ rates are especially harsh on several developing countries, with Vietnam, India, Thailand and Bangladesh all facing barriers of well over 20%. The costs wonât be felt equally. Tariffs…
The Federal Reserve, the central bank of the United States, is driving blindfolded. Thatâs my single most important takeaway from its policy announcement last week. On the predictable side, the Fed kept policy rates in a range of 4.25-4.5%, and the rate-setting committee pledged to slow the pace at which itâs allowing securities to roll…
March 13 – Canada’s main stock index fell on Thursday to a four-and-a-half-month low as investors grew more risk averse on signs of an escalating global trade war, technology leading broad-based declines among sectors. The Toronto Stock Exchange’s S&P/TSX composite index , ended down 220.11 points, or 0.90%, at 24,203.23, its lowest closing level since…
SYDNEY, Feb 21 (Reuters) – The Australian and New Zealand dollars hovered near two-month highs on Friday as worries about a global trade war abated a little, while Australia’s central bank sounded a hawkish tone on future rate cuts. Having eased for the first time in four years this week, the Reserve Bank of Australia…
ORLANDO, Florida, Feb 20 (Reuters) – Policymakers around the world may not like the word ‘stagflation,’ but they’re going to hear a lot more it this year if the import tariffs U.S. President Donald Trump is threatening open up a global trade war. “I don’t use the word stagflation,” Bank of England Governor Andrew Bailey…
NEW YORK (Reuters) -U.S. stocks ended a see-saw session with gains and benchmark Treasury yields slid on Wednesday as disappointing earnings and mixed economic data counterbalanced easing jitters of a spreading global trade war. All three major U.S. stock indexes closed in positive territory, but the tech-heavy Nasdaq’s nominal gain was held in check by…
