By Davide Barbuscia and Saeed Azhar NEW YORK (Reuters) – Bond investors are starting to trim holdings of U.S. debt to brace for a possible government default that they see as highly unlikely but[...]
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February 21, 2023
U.S. business activity rebounds to eight-month high in February- S&P Global survey
WASHINGTON (Reuters) – U.S. business activity unexpectedly rebounded in February, reaching its highest level in eight months, according to a survey on Tuesday, which also showed inflation subsid[...]
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Canada annual inflation rate slows to 5.9% in January
OTTAWA (Reuters) -Canada’s annual inflation rate eased more than expected to 5.9% in January due to a so-called base-year effect, even as food and mortgage interest costs continued to soar, Stat[...]
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TJX sales may surge in 2023 on bargain hunting for top fashion brands
By Ananya Mariam Rajesh and Aatrayee Chatterjee (Reuters) – TJX Cos Inc is likely to see a strong growth in annual sales as inflation pushes bargain-hungry but brand-conscious customers to off-p[...]
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Canada December retail sales up 0.5% on autos, seen up 0.7% in January
Feb 21 (Reuters) – Canadian retail sales rose by 0.5% in December from November at C$62.12 billion ($46.19 billion), on higher sales at motor vehicles and parts dealers, as well as general merch[...]
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Analysis-Pain and gain for industry as EU carbon hits 100 euros
By Kate Abnett and Susanna Twidale BRUSSELS/LONDON (Reuters) – Europe’s carbon price hit a record 100 euros ($106) per tonne on Tuesday, a long-awaited milestone that boosts the economic c[...]
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United Airlines launches $100 million sustainable fuel investment fund
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines launched on Tuesday a more than $100 million investment fund to support start-ups focused on the research and production of sustainable[...]
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Home Depot warns of weak 2023 profit as rising prices hurt demand
By Deborah Mary Sophia (Reuters) -Home Depot Inc forecast annual profit below Wall Street expectations on Tuesday as soaring prices weigh on demand for home improvement products, while it grapples wit[...]
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South Africa’s Tiger Brands grows sales after price hikes
JOHANNESBURG (Reuters) – South Africa’s biggest food producer Tiger Brands said on Tuesday its four-month revenue to end January rose 17% year-on-year as it raised prices to manage soaring[...]
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