Wall Street's 'fear gauge' is rising as US debt talks drag on
The United States government is inching closer to its so-called debt ceiling X-date, when the Treasury could run out of cash and extraordinary measures to pay all government obligations, and both political parties remain at odds with no concrete solution to avoid a default.
2023-05-16 20:27
Exclusive-Glencore's bid for Teck spurs call for Canada pensions to up domestic equity stake
By Divya Rajagopal TORONTO Glencore's hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have
2023-05-16 18:29
Adnoc Unit’s $607 Million Abu Dhabi IPO Sells Out in Minutes
The initial public offering of Adnoc Logistics & Services got enough orders to cover all shares within minutes,
2023-05-16 13:29
Mexico asks Texas to halt costly cargo inspections; will file USMCA complaint
MEXICO CITY Mexico's economy ministry is urging the U.S. state of Texas to remove inspections of cargo crossing
2023-05-16 02:59
GM recalls 42,000 vehicles in Canada for air bag defect
General Motors said on Monday it will recall 42,000 sport utility vehicles in Canada from the 2014 through
2023-05-16 02:21
US Treasury's Adeyemo dismisses platinum coin to skirt debt ceiling
By David Lawder and Susan Heavey WASHINGTON The U.S. Deputy Treasury Secretary on Monday dismissed the idea of
2023-05-16 00:55
Stellantis halts battery plant construction over dispute with Canadian govt
OTTAWA Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing
2023-05-15 23:51
Platinum facing biggest deficit in years as carmakers snap up metal
LONDON Rising demand from automakers, industry and investors will push the global platinum market into its biggest deficit
2023-05-15 21:57
What happens if the debt ceiling and banking crisis collide?
President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday.
2023-05-15 19:54
European Union upgrades outlook for economy as energy prices retreat
Questions swirl about the strength of China's recovery from Covid lockdowns, and there's talk of recession in the United States. Yet Europe's economic prospects have brightened in recent months, according to the European Commission.
2023-05-15 18:22
Indonesia April trade surplus beats forecast; exports, imports fall
JAKARTA Indonesia's April trade surplus came in slightly bigger than expected, even as its exports and imports plunged
2023-05-15 12:48
Canada housing market upturn could delay shift to BoC rate cuts
By Fergal Smith TORONTO Signs of recovery in Canada's housing market after a year-long slump, just as higher
2023-05-14 21:27