By Hannah Lang (Reuters) – City National Bank has agreed to pay $31 million to settle lending discrimination allegations with the U.S. Justice Department, the agency said on Thursday. A complain[...]
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January 12, 2023
Oil up more than 1% on U.S. inflation data, demand optimism
By Laila Kearney NEW YORK (Reuters) -Oil prices gained about $1 a barrel on Thursday, supported by figures showing U.S consumer prices unexpectedly fell in December and by optimism over China’s[...]
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U.S. inflation retreating as consumer prices fall; labor market still tight
By Lucia Mutikani WASHINGTON (Reuters) – U.S consumer prices fell for the first time in more than 2-1/2 years in December as gasoline and motor vehicles prices declined, offering hope that infla[...]
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Dollar slides to nearly 9-month low vs euro after U.S. inflation data
By John McCrank NEW YORK (Reuters) – The dollar tumbled to a nearly nine-month low against the euro on Thursday after data showed U.S. inflation was easing, prompting bets that the Federal Reser[...]
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Analysis-Softer inflation print stirs hopes of ‘Goldilocks’ scenario for U.S. markets
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors believe a slowdown in U.S. inflation last month may be paving the way for a market-friendly “Goldilocks” scenario for asset pr[...]
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Canada appoints First Nations member to Bank of Canada board
OTTAWA (Reuters) – The Canadian government filled three Bank of Canada board vacancies on Thursday with finance veterans including Ernie Daniels, likely the first First Nations member on the cen[...]
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Google Cloud’s top U.S. sales executive departs
(Reuters) -Alphabet Inc’s Google promoted the head of its international cloud businesses, Adaire Fox-Martin, to take on a top sales role as part of an operating model rejig, a spokesperson said[...]
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TSMC cuts 2023 capex after record Q4 as chip demand weakens
By Yimou Lee and Sarah Wu TAIPEI (Reuters) -Taiwanese chipmaker TSMC warned on Thursday that first-quarter revenue would drop as much as 5% and it would slash annual investment as the major Apple Inc[...]
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Walmart provides its GoLocal services to Salesforce clients
By Siddharth Cavale NEW YORK (Reuters) -Walmart Inc on Thursday said it has entered into a partnership with software giant Salesforce to provide its retail customers with store pickup and delivery ser[...]
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