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Global stocks to grind higher, lacklustre year ahead: Reuters poll

BY Reuters  • November 30, 2022November 30, 2022
By Hari Kishan BENGALURU (Reuters) – The global economy needs to find a more solid footing before most stock markets break out of their torpor, according to market strategists polled by Reuters[...]
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Asia Business Canada Economy Updated US

Analysis-RBC tightens grip at home with $10 billion HSBC Canada bid, regulatory risks loom

BY Reuters  • November 29, 2022November 29, 2022
By Divya Rajagopal and Saeed Azhar TORONTO/NEW YORK (Reuters) – Royal Bank of Canada’s swift move to buy HSBC’s Canada unit for C$13.5 billion ($10 billion) strengthens its pole posi[...]
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Asia Business Canada Economy Europe UK

Yen gains before Powell speech, Aussie jumps

BY Reuters  • November 29, 2022November 29, 2022
By Karen Brettell NEW YORK (Reuters) – The greenback edged lower against the Japanese yen on Tuesday with Federal Reserve chairman Jerome Powell due to speak on Wednesday, while the Aussie dolla[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Canadian regulators to review sale of HSBC’s Canada business to RBC

BY Reuters  • November 29, 2022November 29, 2022
By Divya Rajagopal and Kanishka Singh TORONTO (Reuters) -Canadian regulators will review the sale of HSBC’s business in Canada to Royal Bank of Canada for C$13.5 billion ($10 billion) in cash, t[...]
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Asia Business Canada Economy Europe UK Updated

Gulfstream working with FAA to address soot on some private jets

BY Reuters  • November 29, 2022November 29, 2022
By Allison Lampert (Reuters) – General Dynamics Corp’s Gulfstream Aerospace has notified owners of its G500 and G600 jets and the Federal Aviation Administration that it has discovered soo[...]
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Business Canada Europe US

Bombardier says NetJets to be fleet launch customer for Global 8000 aircraft

BY Reuters  • November 29, 2022November 29, 2022
(Reuters) – Bombardier Inc said on Tuesday that NetJets, operator of the world’s largest fleet of private jets, will become the fleet launch customer for its Global 8000 aircraft with orde[...]
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Business Canada

Toronto market seen higher if economic downturn not too severe: Reuters poll

BY Reuters  • November 29, 2022November 29, 2022
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will rally in the coming year and move to a record high in 2024 as inflation pressures ease and provided an anticipated slowdo[...]
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Business Canada Economy

Dollar rebounds on Fed expectations, Aussie drops

BY Reuters  • November 29, 2022November 29, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar clawed back earlier losses on Monday as a hawkish Federal Reserve official laid out the case for further rate hikes, while the Australian dollar[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Canadian banks count on loan growth as stormy markets dent profits

BY Reuters  • November 28, 2022November 28, 2022
By Niket Nishant and Divya Rajagopal (Reuters) -Top Canadian banks are expected to post a decline in fourth-quarter profits as choppy markets hurt wealth management and a slow deal pipeline dents inco[...]
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Business Canada Economy Updated
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