Reuters USA

By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it would likely hold off on further increases for now. The 25-basis-point increase was in …

Bank of Canada hikes rates, becomes first major central bank to signal pause Read More »

OTTAWA, Jan 25 (Reuters) – The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 25 basis points to 4.5%, its highest level in 15 years, and said it would likely pause to measure the cumulative effect of previous increases. The move was in line with expectations from a Reuters’ poll of …

Bank of Canada raises rates, says it is likely to pause for now Read More »

OTTAWA, Jan 25 (Reuters) – More women have joined the Canadian workforce recently, helping offset labor shortages, and one reason could be a program by Prime Minister Justin Trudeau’s government to cut child-care costs, the Bank of Canada said on Wednesday. The central bank said the annual growth of the labor force had shrunk to …

Bank of Canada: rising female participation helping tackle labor shortage Read More »

By Valerie Insinna and David Shepardson WASHINGTON (Reuters) -Boeing Co losses widened for 2022 on weakness in its defense unit but the U.S. planemaker reported its first yearly positive cash flow since 2018 on stronger commercial airplane deliveries. The U.S. planemaker missed Wall Street expectations on revenue and earnings per share in the final quarter …

Boeing reports loss, but first positive free cash flow since 2018 Read More »

OTTAWA, Jan 25 (Reuters) – The Bank of Canada on Wednesday said growth would stall through the middle of this year and predicted that while inflation would come down faster than previously forecast, it would not return to the bank’s 2% target until next year. Canada’s economy will grow 1% this year, compared to an …

Bank of Canada says growth to stall through the middle of 2023 Read More »

(Reuters) -NextEra Energy Inc on Wednesday posted mixed quarterly results, as the top U.S. renewable power producer navigated extreme weather conditions and volatile natural gas prices during the period, sending the company’s shares down 5.3% in early trade. The power sector last year was battered by extreme weather conditions. The historic winter storm Elliott last …

NextEra’s mixed quarterly results fail to impress Street Read More »

(Reuters) – Transatlantic-exchange operator Nasdaq Inc reported fourth-quarter profits on Wednesday slightly below Wall Street estimates, as global economic uncertainty weighed on global asset values, dragging down indexing and initial public offering revenues. Excluding one-time items, like M&A expenses, Nasdaq earned 64 cents per share, a penny off analysts’ mean estimate, according to Refinitiv data. …

Nasdaq misses Q4 views as market tumult hits indexing revenues Read More »

(Reuters) -Copper miner Freeport-McMoRan Inc on Wednesday reported a 37% fall in its fourth-quarter profit as prices for the red metal slumped due to recession fears, interest rate hikes and COVID-induced lockdowns in top consumer China. Average copper prices averaged $8,004.64 per tonne in the last three months of 2022, a 16% drop from a …

Freeport-McMoRan quarterly profit slumps on lower copper prices Read More »

By Gabriel Araujo SAO PAULO (Reuters) -Brazilian retailer Americanas SA reported 7,720 creditors and debt totaling nearly $8 billion within its restructuring process, a Rio de Janeiro court said on Wednesday. Americanas, backed by the billionaire trio that founded 3G Capital, entered bankruptcy protection last week after disclosing “inconsistencies” in its accounting, leading top investors …

Brazilian retailer Americanas reports 7,720 creditors, $8 billion in debt Read More »