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July 5, 2022

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Canadian inflation expectations bolster case for supersize rate hike

Reuters
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, July 4 (Reuters) – Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over......

Canadian factory activity grows at slowest pace in 17 months

Reuters
Workers are seen at Bri-Steel Manufacturing, a manufacturer and distributer of large diameter seamless steel pipes, in Edmonton, Alberta, Canada June 21, 2018. REUTERS/Candace Elliott/File Photo Register now for FREE unlimited access to Reuters.com Register TORONTO, July 4 (Reuters) – Canadian manufacturing activity lost some momentum in June as inflation......

Dollar holds firm as growth fears stalk markets

Reuters
South Korean won, Chinese yuan and Japanese yen notes are seen on U.S. $100 notes in this file photo illustration shot December 15, 2015. REUTERS/Kim Hong-Ji//Illustration Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 4 (Reuters) – The dollar kept trade-sensitive currencies pinned near multi-year lows on......

Australia’s Link rejects Dye & Durham’s lower offer, but keeps door open

Reuters
July 4 (Reuters) – Australia’s Link Administration (LNK.AX) said on Monday it will not recommend Canadian cloud-based software firm Dye & Durham Ltd’s (DND.TO) lowered takeover bid but agreed to continue to engage with it on hopes of securing a better offer. Last week, Dye & Durham (D&D) cut its......

Sainz puts Ferrari on top in British GP practice

Reuters
Formula One F1 – British Grand Prix – Silverstone Circuit, Silverstone, Britain – June 30, 2022 Alfa Romeo’s Valtteri Bottas ahead of the Grand Prix REUTERS/Molly Darlington Register now for FREE unlimited access to Reuters.com Register Sainz fastest in second session Hamilton second quickest in both at home race SILVERSTONE,......

Downturn fears support dollar, Aussie slumps to two-year low

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian......

Two gunmen killed, six officers wounded in shootout at Canadian bank

Reuters
SAANICH, British Columbia, June 28 (Reuters) – Canadian police shot dead two men and six officers were wounded during a gunfight at a bank in British Columbia on Tuesday, and nearby homes were evacuated after the discovery of a possible explosive device, police said. Emergency response team members arrived on......

Euro below $1.06 as Lagarde keeps July policy options open

Reuters
A shopper pays with a ten Euro bank note at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register LONDON, June 28 (Reuters) – The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the......

G7 agrees to explore cap on Russian oil price – communique

Reuters
G7 invites other nations to explore cap on Russian oil price G7 will commit up to $5 bln to fight hunger – U.S. official Agree to push for Russian gold ban – EU official G7 leaders commit to climate club, make carbon-cutting pledges SCHLOSS ELMAU, Germany, June 28 (Reuters) –......

Toshiba board gains two directors from activist funds in historic shift

Reuters
TOKYO, June 28 (Reuters) – Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion that is expected to add momentum to its exploration of potential buyout deals. Nabeel Bhanji, a senior portfolio manager at Elliott......

Siemens to buy U.S. software company Brightly in $1.58 bln deal

Reuters
Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Siemens (SIEGn.DE) is buying U.S. tech company Brightly Software......

Dollar retreats as markets rethink Fed rate bets, eye ECB hikes

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register U.S. rate hike bets pare back aggressive Fed tightening path Investors watching ECB annual forum in Sintra Markets on lookout for euro zone price data later in......

Young activists dismiss ‘vague’ G7 climate pledges at summit

Reuters
A general view of G7 leaders meeting with outreach guests for the working session of the G7 leaders’ summit at the Bavarian resort of Schloss Elmau, near Garmisch-Partenkirchen, Germany, June 27, 2022. REUTERS/Lukas Barth/Pool Register now for FREE unlimited access to Reuters.com Register GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Climate......

Dye & Durham lowers Link Administration takeover offer by a quarter

Reuters
June 27 (Reuters) – Australia’s Link Administration (LNK.AX) said on Monday Canadian cloud-based software company Dye & Durham Ltd (DND.TO) lowered its takeover offer by nearly a quarter to A$2.21 billion ($1.54 billion) citing low market value of the share registry firm. Dye & Durham (D&D) has now offered Link......

Biden urges G7 to stay together as leaders target Russian gold, oil price

Reuters
Biden says Russia has failed to split G7 Biden condemns ‘barbarism’ as missiles strike Kyiv Gold ban targets ‘Putin’s war machine’ – British PM Oil import price cap discussed, German source SCHLOSS ELMAU, Germany, June 26 (Reuters) – U.S. President Joe Biden told allies “we have to stay together” against......

‘Top Gun: Maverick’ Soars Past $1 Billion, Overtakes ‘Doctor Strange 2’ as the Highest-Grossing Movie of the Year Globally

Reuters
LOS ANGELES, June 26 (Variety.com) – Paramount’s all-American blockbuster “Top Gun: Maverick” is still flying high at the box office, crossing the coveted $1 billion over the weekend. With those ticket sales, the movie has overtaken Disney’s Marvel adventure “Doctor Strange in the Multiverse of Madness” ($943 million) as the......

Russia’s Putin to make first foreign trip since launching Ukraine war

Reuters
Russian President Vladimir Putin attends a BRICS+ meeting during the BRICS summit via a video link in the Moscow region, Russia June 24, 2022. Sputnik/Mikhail Metzel/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 26 (Reuters) – Vladimir Putin will visit two small former Soviet......

Pats on back, all smiles as Macron, Johnson appear to bury hatchet for G7

Reuters
SCHLOSS ELMAU, Germany, June 26 (Reuters) – French President Emmanuel Macron and British Prime Minister Boris Johnson appeared to bury the hatchet on Sunday on the sidelines of the G7 summit a year after the two clashed over Brexit and in particular Northern Ireland. Despite the issue remaining in the......

American Ress wins 50m backstroke gold after review, McIntosh takes 400m medley

Reuters
BUDAPEST, June 25 (Reuters) – American Justin Ress won gold in the 50m backstroke in dramatic circumstances at the world championships in Budapest on Saturday after officials overturned his initial disqualification following a lengthy review. Victory was earlier awarded to compatriot Hunter Armstrong after it was ruled that no part......

Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 bln deal

Reuters
General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 24 (Reuters) – Rogers Communications Inc (RCIb.TO), Shaw Communications Inc (SJRb.TO) and Canada’s competition bureau have agreed to start a......

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