[1/2]A Chinese national flag flies at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s central bank, in central Beijing, November 24, 2014. Portal/Kim Kyung-Hoon/File Photo ACKNOWLEDGE RIGHTS Dec 5 (Portal) – Ratings agency Moody’s cut its outlook for the Chinese government’s credit rating … [Read more…]
General Motors is slowing the expansion of its Cruise automated driving division and significantly cutting the unit’s spending after halting operations in response to growing safety concerns about its self-driving cars. The company had planned to launch a ride-hailing service in San Francisco and three other cities and begin testing Cruise vehicles on the streets … [Read more…]
Pedestrians walk past an electronic board displaying the Nikkei stock average in front of a brokerage firm in Tokyo, Japan, October 31, 2023. Portal/Kim Kyung-Hoon/File Photo ACKNOWLEDGE RIGHTS Two-year Treasury yields hit a four-month low The dollar is largely sliding; Gold hits 7-month high Stocks in China and Hong Kong fall SINGAPORE, Nov 29 (Portal) … [Read more…]
Quebec taxpayers will benefit from a spectacular provincial tax cut of around $3.9 billion in 2023, thanks to a 1 percentage point reduction in the first two tax brackets and the tax system’s hefty indexation. When you file your 2023 Quebec tax return, you will be able to assess the “fair value” of this tax … [Read more…]
The White House is seen at dusk on September 30, 2023 in Washington, DC. Samuel Corum | Getty Images Moody’s Investors Service on Friday cut its rating outlook for the U.S. government to negative from stable, citing rising risks to the country’s financial strength. The rating agency has affirmed the US’s long-term issuer and senior … [Read more…]
“Our network was created in the 60s for a village and it was as if it had never evolved,” explains Sutton mayor Robert Benoît, who regrets Hydro-Québec’s slowness in correcting the situation. • Also read: Power outages: Hydro-Québec sends reinforcements to eastern Quebec • Also read: Almost 12,000 houses went dark due to power outages … [Read more…]
22 minutes ago Norway’s central bank raises interest rates by 25 basis points Norway’s central bank said on Thursday it had raised its interest rates by 25 basis points, setting the key interest rate at 4.5%. Norges Bank Governor Ida Wolden Bache said in a statement that inflation remains too high despite the economic slowdown, … [Read more…]
BANGKOK (AP) — Stocks are mostly higher in Asia after a strong rally on Wall Street pushed the Dow Jones Industrial Average to a record high as the Federal Reserve suggested interest rate cuts were likely next year. However, the Nikkei 225 in Tokyo fell as the yen rose sharply against the U.S. dollar, as … [Read more…]
Stay up to date with free updates Simply sign up for the US Interest Rate myFT Digest – straight to your inbox. Federal Reserve Chairman Jay Powell sent his clearest signal yet on Wednesday that the U.S. central bank is finished with two years of tightening monetary policy and will begin cutting interest rates in … [Read more…]
Christine Lagarde, President of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images FRANKFURT – The European Central Bank is meeting this week with investors who are closely watching when the Frankfurt institution might start cutting interest rates. It will be too early to declare victory in the fight against inflation, but with … [Read more…]