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Canadian Economy Posts Big October Drop, Partial Recovery Seen In November
Canadian Economy Posts Big October Drop, Partial Recovery Seen In November
Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed on Tuesday.
Alice Winters
A Year of Scams, Storms, Soft Power, and Youthful Rebellion
A Year of Scams, Storms, Soft Power, and Youthful Rebellion
From destructive cybercrime rings and natural disasters to surging Chinese cultural influence and economic adaptability, Asia’s 2025 was marked by sharp contrasts...
Gerik
Supreme Court Blocks Trump’s Military Deployment in Chicago
Supreme Court Blocks Trump’s Military Deployment in Chicago
The U.S. Supreme Court rejected former President Donald Trump’s bid to deploy the National Guard in Chicago to control immigration protests, with a majority ruling that the legal threshold for military intervention was not met...
Gerik
US GDP Growth Accelerates In Third Quarter, Beating Expecations
US GDP Growth Accelerates In Third Quarter, Beating Expecations
The U.S. economy grew faster than expected in the third quarter, driven by robust consumer spending, but momentum appears to have faded amid the rising cost of living and recent government shutdown.
Patrick Turner
Korea To Extend Consumption Tax Cut On Cars For 6 More Months
Korea To Extend Consumption Tax Cut On Cars For 6 More Months
Korea will extend its consumption tax cut on passenger cars for an additional six months through the end of June next year, the finance ministry said Wednesday.
Winkelmann
Oil Holds Five-Day Gain With Geopolitics, Inventories In Focus
Oil Holds Five-Day Gain With Geopolitics, Inventories In Focus
Oil held a five-day gain as traders weighed escalating geopolitical tensions against swelling inventories.
Katherine Pierce
Japanese Yen Forecast: Will USD/JPY Break 155 As BoJ, Fed Paths Diverge
Japanese Yen Forecast: Will USD/JPY Break 155 As BoJ, Fed Paths Diverge
Intervention warnings and surging JGB yields pressure USD/JPY, with markets watching BoJ policy signals and US jobless claims for direction.
Samantha Luan
Colombia Uses Emergency Powers To Hike Tax On Banks And The Rich
Colombia Uses Emergency Powers To Hike Tax On Banks And The Rich
Colombia's leftist government said it will use emergency powers to raise taxes on the nation's richest citizens as well as on the financial services sector.
Justin
Blasts And Fire Shatter Pennsylvania Nursing Home, Killing At Least Two
Blasts And Fire Shatter Pennsylvania Nursing Home, Killing At Least Two
A pair of explosions and a fire, apparently sparked by leaking gas, ripped through a nursing home near Philadelphia on Tuesday, killing at least two people and prompting an intense search for victims in a collapsed portion of the building, officials said.
Winkelmann
Gold Steadies Near Record High As Venezuela Tensions Persist
Gold Steadies Near Record High As Venezuela Tensions Persist
Gold steadied near a record, with escalating geopolitical tensions and expectations for more US rate cuts reinforcing the latest rally.
James Riley
US Bans Ex-EU Commissioner, Others Over Social Media Rules
US Bans Ex-EU Commissioner, Others Over Social Media Rules
The US State Department on Tuesday said it would deny visas to former EU Commissioner Thierry Breton and four others in protest of European regulation of social media.
Justin
Focus: Lilly, Novo Lock Horns In India's Obesity Drug Race
Focus: Lilly, Novo Lock Horns In India's Obesity Drug Race
Global pharma giants Eli Lilly (LLY.N)and Novo Nordisk (NOVOb.CO)are scrambling to cement their lead in India's booming obesity drug market before cheaper generic versions hit shelves in March next year.
Samantha Luan
BOJ Debated Need To Keep Raising Rates, October Meeting Minutes Show
BOJ Debated Need To Keep Raising Rates, October Meeting Minutes Show
Bank of Japan policymakers debated the need to continue raising interest rates to levels deemed neutral to the economy with some arguing doing so will help achieve long-term, stable growth, the minutes of their October meeting showed on Wednesday.
James Riley
Platinum Soars To Record Above $2,300 On Tight Global Supplies
Platinum Soars To Record Above $2,300 On Tight Global Supplies
Platinum soared to an all-time high, trading above $2,300 an ounce for the first time on tight supplies and historically elevated borrowing costs.
James Whitman
Oil up as Market Weighs Strong US Economic Growth, Supply Risks
Oil up as Market Weighs Strong US Economic Growth, Supply Risks
The U.S. economy grew faster than expected, driven by robust consumer spending, the Commerce Department's Bureau of Economic Analysis said in its initial estimate of third-quarter GDP on Tuesday.
Manuel
US Tells UN It Will Deprive Venezuela's Maduro, Drug Cartel Of Resources
US Tells UN It Will Deprive Venezuela's Maduro, Drug Cartel Of Resources
The United States told the United Nations on Tuesday it will impose and enforce sanctions "to the maximum extent" to deprive Venezuelan President Nicolas Maduro of resources as Russia warned other Latin American countries could be next.
James Whitman
Bessent Sees Room for a Future Revamp of the Fed´s 2% Target
Bessent Sees Room for a Future Revamp of the Fed´s 2% Target
The discussion could potentially be framed around a switch to 1.5% to 2.5% or 1% to 3%, Bessent suggested in the interview, which was posted on Dec. 22. “There is a very robust conversation” to be had, he said.
Manuel
Supreme Court Rejects Trump Bid to Use National Guard in Chicago
Supreme Court Rejects Trump Bid to Use National Guard in Chicago
The court deliberated over the case for more than two months, an unusually lengthy review for a request that claimed government officials were facing an imminent threat.
Manuel
Retail Investors to Have More Sway Over Wall Street After Record Year
Retail Investors to Have More Sway Over Wall Street After Record Year
The amount of cash retail investors poured into U.S. stocks so far in 2025 is up 53% from $197 billion a year earlier and 14% higher than the $270 billion hit at the height of the retail trading frenzy in 2021.
Manuel
Fed Chair Should Lower Rates If the Market Does Well, Trump Says
Fed Chair Should Lower Rates If the Market Does Well, Trump Says
Trump has repeatedly said he’s interested in breaking recent trends, where promising economic data is sometimes met by a market selloff due to concerns over inflation and corresponding hikes by the Fed.
Manuel
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