Canada markets closed
  • Business
    Reuters

    Stocks inch lower, dollar firm as Fed focus intensifies; crypto soars

    Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. Japan's tech-heavy Nikkei edged higher though, driven by chip shares after the Nasdaq hit a record high overnight ahead of Nvidia earnings due on Wednesday. Gold inched back towards Monday's all-time peak, while crude oil prices eased on worries of U.S. interest rates staying high for longer as Fed officials maintained a cautious view on a recent easing of inflation.

  • Business
    The Canadian Press

    Saudi Arabia's national carrier orders more than 100 new Airbus jets as it ramps up tourism push

    RIYADH, Saudi Arabia — Saudi Arabia's national airline ordered more than 100 new Airbus jets, a reflection of the kingdom's ambitious drive to lure more tourists. Saudia Group, which represents the Saudia airline and its budget carrier Flyadeal, said Monday that it ordered 105 aircraft from the French aerospace company's A320neo family of jets, including 12 A320neos and 93 A321neos. That brings Saudia Group's Airbus aircraft order backlog to 144 of the A320neo family planes. Saudia said it is in

  • Business
    Bloomberg

    Philippine Peso Drops Past Key 58 Level in Headache to BSP

    (Bloomberg) -- The Philippine peso dropped past the key 58-per-dollar level, putting pressure on the central bank to step up efforts to support the currency.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Speedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bears on Wall Street Turns Bullish on US StocksThe peso

  • Business
    Bloomberg

    China’s Gold Imports Slow as Record Prices Temper Demand

    (Bloomberg) -- China’s bullion imports slowed last month as demand in the world’s biggest consumer begins to buckle in the face of record prices.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Speedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bears on Wall Street Turns Bullish on US StocksOverseas purchases of