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Economy

Bank of Canada likely to reduce interest rate by 50bps

By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada is poised to cut its key policy rate by another 50 basis…
Economy

Factbox-Brokerages expect 25-bps US rate cut in December ahead of CPI data

(Reuters) – Major brokerages, including Morgan Stanley (NYSE:MS) and Goldman Sachs, have reiterated their expectation of a quarter-point interest rate cut by…
Economy

US tariffs on EU could crimp eurozone growth, UBS says

Investing.com — The imposition of a 10% US tariff on all imports from the Eurozone could significantly impact growth, according to UBS…
Stock

Lowe’s outlines growth strategy, reaffirms 2024 guidance

MOORESVILLE, N.C. – Lowe’s Companies, Inc. (NYSE: NYSE:LOW) today shared its strategic initiatives and financial objectives during its 2024 Analyst and Investor…
Stock

Exclusive-Trump tariff plan puts $3 billion in Diageo, Becle tequila imports at risk

By Emma Rumney LONDON (Reuters) – Some $3 billion in tequila and mezcal imports from top makers of the popular spirits, Diageo…
Stock

BlackRock’s private markets push may not be over after 2024 buyout spree

By David French, Andres Gonzalez and Davide Barbuscia NEW YORK (Reuters) – A dealmaking splurge by BlackRock (NYSE:BLK) in 2024 may continue…
Stock

Futures steady in lead-up to crucial inflation reading

(Reuters) – U.S. stock index futures were range-bound on Wednesday as investors stayed on the sidelines ahead of a pivotal inflation reading…
Stock

Cemex stock downgraded amid US-Mexico trade risks

Investing.com — RBC Capital Markets has downgraded Cemex SAB de CV (NYSE:CX) to “underperform,” citing heightened risks tied to the company’s heavy…
Economy

China industrial profits plunge in September, extending slump

BEIJING (Reuters) – China’s industrial profits plunged in September, extending their declines with the year’s steepest monthly fall, official data showed on…
Economy

Taiwan reports Chinese ‘combat patrol’ after Beijing slams US arms deal

By Ben Blanchard and Ryan Woo TAIPEI/BEIJING (Reuters) -Taiwan’s defence ministry said on Sunday that Chinese warplanes and warships had carried out…
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