Yahoo Finance Inflation falls slightly to 2.5% in Europe in June, remains stuck above levels favored by central bank
FRANKFURT, Germany (AP) — Inflation falls slightly to 2.5% in Europe in June, remains stuck above levels favored by central bank.
FRANKFURT, Germany (AP) — Inflation falls slightly to 2.5% in Europe in June, remains stuck above levels favored by central bank.
"As more immigrants seek the Canadian dream from abroad, many who arrived in recent years have discovered less of a dream and more of a nightmare."
"A protracted stalemate might be the only solution for Russia to avoid total economic collapse," one economist says.
Money is rushing into Chinese government bonds, sending their prices soaring as investors hunt for a safer alternative to real estate and stocks. Beijing is worried about a bust that could bring down some banks.
The Canadian dollar strengthened to its highest level in more than one week against its U.S. counterpart on Wednesday as oil prices rose and economic data added to recent evidence of a slowdown in U.S. activity. The loonie was trading 0.3% higher at 1.3636 to the U.S. dollar, or 73.34 U.S. cents, after touching its strongest intraday level since June 25 at 1.36175. "It is more of a U.S. story than a Canadian one," said Tony Valente, senior FX dealer at AscendantFX.
Residential and commercial property prices could fall as much as 30% over the next few years, one strategist is predicting.
OTTAWA — Canada's merchandise trade deficit widened to $1.9 billion in May as exports fell to their lowest level since July last year.
Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report.
Prolonged high interest rates in the United States could introduce uncertainty to the monetary policy outlook of emerging economies, the world's "bank for central banks" said, pointing to rising pressures on Asian currencies and capital outflows. In its Annual Economic Report published on Sunday, the Basel-based Bank for International Settlements (BIS) said the banking industry expects greater divergence in policy rate trajectories - especially between the US Federal Reserve and other central ba
The country's former prime minister called the tax breaks a "fiscal injustice" that drove up house prices.
BRUSSELS/LONDON (Reuters) -EU countries are wavering over whether to back additional tariffs on Chinese-built electric vehicles, highlighting Brussels' challenge in building support for its largest trade case yet as Beijing threatens wide-ranging retaliation. Germany, whose carmakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source, while France has been among the firmest backers. The issue will be put to members in an advisory vote in the coming weeks, the first official test of support in a landmark case for the Commission.
CALGARY — The federal government is making good on a budget promise to Canada's athletes as they prepare for the Olympic and Paralympic Games in Paris later this summer.
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BRUSSELS (Reuters) -The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation. The European Commission's provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what its president Ursula von der Leyen has said is a threatened flood of cheap EVs built with state subsidies.
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TORONTO — Canada's main stock market eked out a gain on Thursday, helped by strength in the telecom, utility and energy sectors.
(Reuters) -Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 18 cents at $84.06 in trade thinned by the U.S. Independence Day holiday.
WASHINGTON (AP) — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.
BRASILIA (Reuters) -Brazil's President Luiz Inacio Lula da Silva ordered his economic team on Wednesday to comply with the country's fiscal framework, and approved suggestions of spending cuts, the country's finance minister told journalists. Brazilian assets had suffered a sell-off in recent weeks as markets feared fiscal deterioration amid a government reluctance to cut spending, which led to investors' concerns about the government's ability to comply with the fiscal framework approved last year. On Wednesday, however, the Brazilian real rose nearly 2% against the U.S. dollar in spot trading, as market participants awaited details from Lula's meeting with his economic team, and after the president said earlier in the day that his government would remain committed to fiscal responsibility.