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Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023.

Why the Bank of Canada decided to hold interest rates in April

Barbara Shecter |Updated just now |3 min read Premium content

Divisions within the Bank of Canada over the timing of a much-anticipated cut to the key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face ...

People shop on Oxford Street in London, Britain April 10, 2023.

UK retail sales slide in April, early Easter may be partly to blame: CBI

Reuters |Updated 4 minutes ago |1 min read

LONDON (Reuters) - British retailers suffered their worst April for sales since 2020, when the country was in its first COVID-19 lockdown, although the timing of the Easter holidays could be to blame, a survey showed on Thursday. The ...

The Federal Reserve building stands in Washington April 3, 2012.

Confounding US economic, inflation data muddy Fed's rate path

Howard Schneider |Updated 4 minutes ago |5 min read

By Howard Schneider (Reuters) - The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and ...

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2024.

Futures falter as Meta Platforms weighs on megacaps

Reuters |Updated 4 minutes ago |2 min read

(Reuters) - U.S. stock index futures fell on Thursday, as shares of most megacap growth stocks took a beating after dour quarterly results from Meta Platforms, ahead of more economic data in the week that could influence the Federal Reserve's ...

Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021.

US SEC expected to deny spot ether ETFs next month, industry sources say

Hannah Lang, Suzanne McGee |Updated 4 minutes ago |3 min read

By Suzanne McGee and Hannah Lang (Reuters) - U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with ...

United Parcel Service's (UPS) newly launched electric delivery truck is seen in Compton, California, U.S., September 13, 2023.

UPS, FedEx transition to electric vans slowed by battery shortages, low supply

Lisa Baertlein, Abhirup Roy and Nick Carey |Updated 5 minutes ago |5 min read

By Lisa Baertlein, Abhirup Roy and Nick Carey LOS ANGELES/SAN FRANCISCO (Reuters) - UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country's ...

Former U.S. President Donald Trump leaves Manhattan Supreme Court on the 6th day of the hush money trial against him on April 23 2024. Curtis Means/Pool via

Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?

Echo Wang |Updated 5 minutes ago |3 min read

By Echo Wang NEW YORK (Reuters) - Trump Media & Technology Group is one of the most actively traded U.S. stocks, yet Wall Street's equity analysts are staying clear. Shares of the company that operates former U.S. President Donald Trump's ...

Figurines with computers and smartphones are seen in front of TikTok logo in this illustration taken, February 19, 2024.

Kenyan government recommends regulating, not banning, TikTok

Duncan Miriri |Updated 24 minutes ago |2 min read

By Duncan Miriri NAIROBI (Reuters) - Kenya's government has advised lawmakers against banning TikTok over concerns about content shared on the platform, and instead recommended stricter oversight by regulators. A panel in parliament has been ...

Bank of Japan Governor Kazuo Ueda attends a press conference after a policy meeting at BOJ headquarters, in Tokyo, Japan March 19, 2024.

Analysis-The yen has a yield problem the BOJ can't easily fix

Brigid Riley |Updated 44 minutes ago |4 min read

By Brigid Riley TOKYO (Reuters) - As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse the currency's slide while interest rates and ...

The logo of Swiss cement maker Holcim is seen at its headquarters in Zug, Switzerland October 26, 2022.

Holcim positive on U.S. demand after Q1 profit beat

John Revill |Updated 55 minutes ago |2 min read

By John Revill ZURICH (Reuters) -Holcim expects strong demand in North America to continue this year, the building materials and cement maker said on Thursday, after beating first-quarter profit forecasts. "In North America we had a few less ...

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