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1 day ago · Dollar dominance — the outsized role of the U.S. dollar in the world economy — has been strengthened recently given the robust U.S. economy, tighter monetary policy and heightened geopolitical risks, even as economic fragmentation has strengthened a push by BRICS countries to shift into other international and reserve currencies.
9 hours ago · A rate pause stands at a 32.3% chance, while a 50-basis-point rate cut has a slim 6.6% possibility. The US 10-year benchmark rate trades at 4.24%, rather steady since the end of last week. The ...
1 day ago · (Reuters) -Gold prices slipped on Tuesday, hurt by an uptick in the dollar and Treasury yields as investors awaited U.S. inflation data due later this week that could provide cues on the timing of interest rate cuts by the Federal Reserve this year. Spot gold was down 0.5% at $2,321.49 per ounce by 12:20 p.m. ET (1620 GMT). U.S. gold futures fell 0.5% to $2,333.60.
3 hours ago · (Reuters) -Canada's main stock index fell on Tuesday, giving back some of the previous day's strong gains, as hotter-than-expected domestic inflation data lowered expectations the Bank of Canada would cut interest rates again next month. The Toronto Stock Exchange's S&P/TSX composite index ended down 60.11 points, or 0.3%, at 21,788.48, after posting on Monday it's biggest gain in seven weeks ...
1 day ago · Royal Mail owners agree to £5bn takeover offer. However, the government still has the ability to block this deal, which it may do given Royal Mail's importance to the UK. Mr Kretinsky’s EP Group has offered a series of time limited guarantees including the retention of the Royal Mail logo, its UK headquarters, and its UK tax base.
1 day ago · (Bloomberg) -- Oil dropped as a stronger dollar and weakness in technical measures overshadowed rising geopolitical risks.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorNvidia Rout Takes Breather as Traders Scour Charts for SupportBuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’Jain Global Raises $5.3 Billion, Secures Cash ...
3 hours ago · For its fourth quarter ended April 28, 2024, Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) announces net earnings attributable to shareholders of the Corporation of $453.0 million, representing $0.47 per share on a diluted basis, compared with $670.7 million for the corresponding quarter of fiscal 2023, representing $0.68 per share on a diluted basis. The ...
