Italy isn’t just economically isolated. While growth in the euro area as a whole has weakened, Italy’s slowdown is particularly stark. “Italy’s technical recession appears to be an Italian problem thus far,” said Fabio Fois, a senior European economist at Barclays.
TORONTO — Gains in the energy and materials sectors helped boost Canada's main stock index in late-morning trading, while U.S. stock markets also pushed higher.The S&P/TSX composite index was up 62.19 points at 16,063.05.In New York, the Dow Jones industrial average was up 169.03 points at 26,019.66
U.S. equities are rising ahead of a highly anticipated meeting between President Donald Trump and China’s top trade negotiator.
Juul has been targeting engineers from companies like Amazon and Google to revamp its e-commerce business—but also, perhaps, to shift its corporate image.
OTTAWA, Feb 22 (Reuters) - Canada posted a small budget surplus in the first nine months of the 2018/19 fiscal year compared to a large deficit the year earlier thanks to increased revenues, the finance ministry said on Friday. The surplus for April-December was C$0.32 billion ($0.24 billion), compared
WASHINGTON — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate.
The New York Times has been saved for now, as it appears to have found a path down the road to digital transformation.
The company said Thursday after markets closed that Barton, 51, who co-founded the company in 2005 and served as its first chief executive officer, will take over for Spencer Rascoff. The move was announced along with a quarterly earnings report that showed short-term results below analysts’ expectations
Irving Picard, the trustee, said the payout means all former customers of Bernard L Madoff Investment Securities LLC who were eligible to recoup up to $1.49 million for their losses will have been repaid in full. The trustee said $13.36 billion, or 76 percent, of the roughly $17.5 billion that customers
U.S. stocks rose along with Treasuries as investors awaited results from top-level trade talks between America and China. The S&P 500 edged toward a weekly gain as President Donald Trump’s scheduled meeting with China’s lead negotiator Friday afternoon boosted hopes headway will be made before tariffs
There's an old joke that goes, "You can't get a job with an English degree." Good thing the "Shark Tank" star ignored the naysayers.
“We have seen some worrying signs of a deterioration of measures of longer-run inflation expectations in recent years,” Williams said Friday in a speech in New York. Preliminary data released earlier this month by the University of Michigan showed the five-to-10-year inflation outlook among consumers
OTTAWA — A preliminary analysis of the federal books says the government ran a budgetary surplus of $300 million through the first nine months of the fiscal year.The surplus is an improvement compared with the April-to-December period in 2017-18, when Ottawa posted a deficit of $8.9 billion.The Finance
“In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the federal funds rate may be appropriate,” the Fed said in its semi-annual Monetary Policy Report to Congress released in Washington Friday
The fringe right-wing presidential hopeful is running on a platform of liberal economic policies never before tried in one of South America’s most protectionist nations. The 57-year old economist and television pundit says President Mauricio Macri’s administration has been tame on trade, fiscal and
SNC-Lavalin Group Inc. slashed its dividend by 65 per cent Friday as it reported a fourth-quarter loss of $1.6 billion. SNC-Lavalin has been at the centre of a political scandal in Ottawa over the company's desire to negotiate a deferred prosecution agreement in connection with fraud and bribery
Shares of Magna popped 3.8 percent higher after the world's third-biggest auto supplier said profits fell less than analysts had feared in the latest quarter, partly reflecting a lower share count from its buyback program.
Talks on revising the Brexit deal aren’t making much progress, and officials on both sides are downplaying the chances of an imminent breakthrough. If Theresa May has nothing new to show Parliament next week, she’s likely to face a revolt that could force her to delay Brexit -- and take the threat of
Trade data took a beating this week — especially in Asia, where it really counts. It was a bit more difficult to read whether the Federal Reserve is ready to abandon policy tightening. Trade-reliant Asia was the biggest trade-war loser this week, with exports data for Japan, South Korea, and Singapore
Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday that were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules. Volkswagen suffered from an increase in inventories at its Audi
Most of the 500 financial professionals who gathered this month at a hotel in Mayfair, London’s billionaire neighborhood, for a conference on debt markets organized by Citigroup Inc., are bracing for a storm. Across town at the same time in the brutalist Barbican complex on the northern edge of London
Kraft Heinz disclosed an investigation by federal regulators and will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion. Kraft Heinz divulged the receipt of a subpoena in October from the U.S. Securities and Exchange Commission related to its procurement operations. Upon receiving
Community members stopped anti-riot troops and their vehicles about 6 a.m. as they tried to assert control over the remote area around Gran Sabana, which is about 780 miles (1,260 kilometers) southeast of Caracas. The violence came as Venezuela prepares for a weekend of spectacle and danger as the opposition
The risk premium on one of the company’s most-traded bonds, the 3 percent notes due 2026, widened 18 basis points, or 0.18 percentage point, to 163 basis points over Treasuries, according to Trace bond price data. The cost to protect the bonds against a default for five years in the derivatives market
Sure, it's easy to Netflix and chill these days. Turns out that there are few better ways to rediscover the joy of heading to the theatre than a year of free movie tickets, courtesy of MoviePass. Who has time to go to the movies when you're already behind on Netflix, Hulu, Amazon and everything