- Norwegian Cruise Line (NCL), the innovator in global cruise travel, today announced the premiere of its next episode of "EMBARK with NCL," a two-part feature chronicling the milestone launch of its record-breaking ship, Norwegian Prima, on Thursday, Dec. 8, 2022 at 8 p.m. at www.ncl.com/embark-series and on Facebook.
NEW YORK (Reuters) -The dollar edged lower on Thursday against the euro as investors weighed the outlook for U.S. Federal Reserve policy against the chances that higher interest rates could lead to a recession. The Fed, the European Central Bank and the Bank of England are all set to announce interest rate decisions next week as policy makers continue to tap the brakes on economic growth through higher rates to thwart stubbornly high inflation. Traders and investors will be on the watch for any signs that the Fed is getting ready to pause its hikes.
KPMG in Canada1 is proud to release its 2022 Our Impact Plan, the latest comprehensive update on the firm's progress towards its environmental, social, and governance (ESG) commitments. The report spotlights numerous initiatives KPMG has introduced to focus on key equity and sustainability issues through four central pillars: Planet, People, Prosperity, and Governance.
FLO, a leading North American electric vehicle (EV) charging network operator and smart charging solutions provider, has been selected as the supplier for General Motors' Dealer Community Charging Program. This program will install up to 40,000 public Level 2 EV chargers in local communities across North America. This project is the single largest deployment of EV chargers across North America.
Here's why Shopify (TSX:SHOP) is a growth stock with the potential to provide 1,000% returns over the next 10 years. The post This Growth Stock Could 10X in 10 Years appeared first on The Motley Fool Canada.
TORONTO — Canada's main stock index closed in slight negative territory Wednesday, reversing the morning rally that came after the Bank of Canada announced plans to hike its key interest rate by half a percentage point. The S&P/TSX composite index was down 16.95 points at 19,973.22. In New York, the Dow Jones industrial average was up 1.58 points at 33,597.92. The S&P 500 index was down 7.34 points at 3,933.92, while the Nasdaq composite was down 56.34 points at 10,958.55. The Canadian dollar tr
Foreigners dumped the most cash into emerging market portfolios in November than any month since June 2021 even as Chinese debt continues to see outflows, the Institute of International Finance (IIF) said on Thursday. "Non-resident investor flows to China have essentially ground to a halt, which is consistent with anecdotes we pick up from market participants who have become more attuned to geopolitical risk," said IIF economist Jonathan Fortun in a report alongside the flows data. China this week eased COVID-19 quarantine rules in a major policy adjustment which could reverse the flow of cash back into portfolios in the world's second-largest economy.
TORONTO — Canada's financial regulator is raising the amount of capital major banks need to have on hand over concerns of high household debt levels and other elevated systemic vulnerabilities. The Office of the Superintendent of Financial Institutions said Thursday the domestic stability buffer will go up by half a percentage point to three per cent as of Feb. 1, 2023. It also increased the possible range of future adjustments to between zero and four per cent, rather than the previous top end
WASHINGTON (Reuters) -U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler said that companies that help facilitate transactions in the cryptocurrency market should come into compliance with law. "Their business model right now is offering the public… an interest return in crypto… and then possibly trading against their customers," Gensler told Yahoo Finance in an interview on Tuesday. "The runway is getting shorter" between crypto lenders' compliance and SEC enforcement, the SEC chair added.
The Labor Department's report, at 8:30 a.m. ET, is expected to show producer prices edged higher to 7.2% last month after an 8% rise in October. Core producer prices, which exclude volatile food and energy components, are expected to show a 5.9% rise after a 6.7% growth in October. "The big question is whether this trend can be maintained against a U.S. central bank that doesn't want to be seen as going soft on inflation, and services and wages data that points to a U.S. economy that is slightly more resilient than originally thought," said Michael Hewson, chief market analyst at CMC Markets.
GoBolt, a technology company on a mission to build the world's largest sustainable, vertically integrated supply chain network, announces it has raised $75 million CAD in financing, bringing the total funds raised to date to more than $222.5 million CAD. This investment was led by Yaletown Venture Partners and Export Development Canada (EDC), with participation from BDC Capital, Northleaf Capital Partners, Whitecap Venture Partners, MIG Group, BMO Capital Partners and Ingka Investments, the inve
BERLIN/FRANKFURT (Reuters) -German rail operator Deutsche Bahn's management board has asked its supervisory board for the go-ahead to prepare a sale of its international logistics subsidiary Schenker, documents reviewed by Reuters showed on Thursday. The formality would allow management to "examine and prepare a sale of up to 100% of the shares in Schenker," the internal documents state ahead of a supervisory board meeting next week. This gives the state-backed train company the opportunity to consider a complete or partial sale to Schenker's competitors or to financial investors.
Air Canada and Emirates have expanded their partnership to offer frequent flyer members joint loyalty programme benefits. Aeroplan Members will also benefit from earning and redeeming points on all flights operated by Emirates — with access to more than 130 destinations across six continents — via the airline's home and hub, Dubai. Emirates Skywards members can now earn and redeem miles on all flights operated by Air Canada, accessing a network of more than 220 destinations worldwide.
Swedish electric self-driving truck start-up Einride said on Wednesday it had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers. A $300 million debt facility was signed with Barclays Europe, while $200 million in equity came from new and existing investors, including EQT and Northzone, Einride said in a statement. Einride declined to say how much the company was valued at following the latest share issue.
(Reuters) -House Financial Services Committee Chairwoman Maxine Waters told Reuters on Thursday that she is prepared to subpoena FTX founder Sam Bankman-Fried if he does not agree to appear before the panel next week and she is working out the best way to do it. Regulators around the globe, including in the Bahamas, where FTX is based, and in the United States, are investigating the role of FTX's top executives including Bankman-Fried in the firm's stunning collapse, Reuters has previously reported. Prosecutors and regulators have not charged Bankman-Fried with any crime.
(Reuters) -Vanguard Group Inc is pulling out of a major investment-industry initiative on tackling climate change, the world's biggest mutual fund manager said on Wednesday, explaining it wants to demonstrate independence and clarify its views for investors. One focus of criticism has been the effort known as the Net Zero Asset Managers (NZAM) initiative, launched in late 2020 to encourage fund firms to reach net zero emission targets by 2050 and limit the rise in global temperatures. As of Nov. 9, NZAM counted 291 signatories representing some $66 trillion in assets under management.
SEOUL, South Korea (AP) — Officials say South Korea’s economy is recovering from the initial shock of a nationwide walkout staged by thousands of cargo truckers, even as their strike reached its 14th day on Wednesday amid a stalemate with the government over freight fare issues. The conservative government of President Yoon Suk Yeol has taken aggressive steps to defuse the impact of the strike, issuing contentious back-to-work orders to more than 2,000 drivers of cement trucks among broader grou
SHANGHAI (Reuters) -China's passenger vehicle sales fell for the first time in six months in November and are expected to stay flat next year, an industry body said on Thursday, as demand weakens faster than expected, even as stringent COVID rules are eased. Vehicle sales last month fell 9.5% from a year earlier to 1.67 million units, the first decline since May, according to the China Passenger Car Association (CPCA). "The November sales were far worse than previous expectations," Cui Dongshu, the CPCA's secretary general, told an online briefing.
Canada's main stock index closed slightly lower on Thursday as a drop in oil prices weighed on high-flying energy shares and a senior Bank of Canada official left the door open to additional interest rate hikes. The Toronto Stock Exchange's S&P/TSX composite index ended down 4.03 points at 19,969.19, its fifth straight day of declines and its lowest closing level since Nov. 17. The Bank of Canada will study the most recent economic data to gauge whether to raise interest rates further, Deputy Governor Sharon Kozicki said, adding the central bank would still move forcefully if necessary.
Volkswagen's Bentley expects a slight drop in production in 2023 as shutdowns in China have slowed orders, the British luxury carmaker's chief executive said on Wednesday. While its customers are still placing orders, they were not doing so during lockdowns in major cities such as Beijing and Shanghai which account for a large portion of Bentley's orders in China, CEO Adrian Hallmark told reporters. "We're not talking about a massive drop off... we have more than half (of next) year sold out already," Hallmark said at the Bentley headquarters in Crewe, England.