S&P TS&P Real Estate Index falls 1% amid inflation bets
In its fourth week of losses, the S&P TSX Composite Real Estate Index fell 1 per cent, for its fourth month of losses amid rising bets of interest-rate hikes at the Bank of Canada and the Federal Reserve to curb rising consumer prices. In its fourth week of losses, the S&P TSX Composite Real Estate Index fell 1 per cent, for its fourth week of losses amid rising bets of interest-rate hikes at the Bank of Canada and the ...
Updated: 12/06/2021
Software firm Dye Durham strikes deal with Telus
... couriered. Proud said in an interview that it is highly inefficient and prone to fraud. We're going to drive a lot of value for our customers in the future, together with what we do. Dye Durham went public in July 2020 at C $7.50 a share and became one of Canada 's standout initial public offering of the year, rising above C $50 by year-end. The firm sells software and databases to the legal industry to help lawyers complete real estate transactions, corporate filings, wills and estates, and other services....
Updated: 12/06/2021
India gradually reduces dependence on Middle East, OPEC
... Oil public sector undertakings such as Indian Oil Corp Ltd IOCL have diversified their purchases from across geographies to include Africa , the Americas and Australia . Among the countries where crude is sourced were the United States, Russia , Canada , Australia , Brazil , Guyana , Norway , Egypt , Gabon , Ghana , Congo, Equatorial Guinea , Libya and Nigeria . Kirit Parikh , Chairman and founder of the New Delhi-based energy think-tank Integrated Research and Action for Development ...
Updated: 12/06/2021
Tyson Foods to pay $50 million in year-end bonuses for workers
... past year, Tyson has spent more than $500 million in wage increases and bonuses for frontline workers. The average total compensation for its hourly workers is $24 an hour, based on wages and other benefits like medical insurance, the company said. In Canada , workers at a Cargill beef plant in High River , Alberta voted on a new company offer backed by union negotiators, just days before a potential strike.
Updated: 12/06/2021
UK plans to test underground CO storage in North Sea
... with cement. These assets are already there, while drilling new boreholes is very expensive and adds a certain amount of risk. The range of boreholes we have will give you opportunities to test different rock types. Test sites already exist in the US, Canada and Australia , but Davies said that UK facilities would be better as they could have very similar geology to that under the North Sea . The British Geological Survey is looking at the case for an underground CO storage research laboratory. ...
Updated: 12/06/2021
UBS offers Hong Kong staff up to $256 a day to cover quarantine costs
... day mandatory hotel quarantine for arrivals from most countries, which is paid for by the traveller. Non-residents from four African countries have been banned from entering Hong Kong and will expand that to travellers who have been in Australia , Canada , Israel and six European countries in the past 21 days because of the Omicron coronaviruses variant. Hong Kong is one of the last places in the world pursuing a zero-COVID 19 strategy and has some of the tightest travel restrictions. It hopes ...
Updated: 12/06/2021
Why QE has run its course, why the Bank of England is no more
... security as part of an initial 75 billion pound plan during the financial crisis, the BOE will complete what could possibly be the last round of purchases as inflation hots up. The decision would make the BOE the world's second major central bank, after Canada slowed its QE program during the epidemic. It may become the first to run down the massive holdings acquired during the virus with policy makers poised to raise interest rates in the coming months. It would be a watershed moment for global monetary ...
Updated: 12/06/2021
Dollar edges off peak as inflation forecast boosts stocks
... weeks ahead provide plenty for traders to be nervous about - reflected in the volatility gauges on the battered Aussie and kiwi hitting multi-month highs on Monday. OCBC expects investors to shift their focus to central bank meetings in Australia and Canada next week ahead of U.S. inflation data on Friday that could affect the rates outlook in the United States . The Bank of England , the Federal Reserve and the Bank of Japan all meet next week. A mixed U.S. jobs report last week did not shake ...
Updated: 12/06/2021
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