Indices

TSX crashes over 3% as gold, silver lose sheen 

Canada's main stock index tumbled over 3% on Friday, hammered by plunging mining shares as gold slumped after U.S. President Donald Trump nominated Kevin Warsh, often viewed as hawkish, as the new...

Global equity funds attract inflows for third week in a row

Global equity funds had a third straight week of inflows in the week to January 28 on upbeat earnings expectations, while safe-haven assets like gold and bond funds also saw solid demand amid...

Trafigura wins $600 million nickel fraud lawsuit against businessman Gupta

Trafigura won its London lawsuit against Indian businessman Prateek Gupta over fake nickel cargoes on Friday, with London's High Court ruling in favour of the commodities trader. ...

Canada's economic growth stalled in November, could contract in fourth quarter

Canada's economic growth stalled in November as an expansion in services was offset by weakness in goods-producing industries, data showed on Friday, as Canada's economy slows down after almost a year...

Global uncertainty, market correction risks cloud India's growth outlook, top adviser says

India's growth outlook faces potential downside risks from global macroeconomic uncertainty and prolonged financial market corrections, the country's chief economic adviser said days before the...

How strong is too strong?

Jan 30 -   Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!  ...

ArcelorMittal extends minerals agreement in Liberia

Multinational steelmaker ArcelorMittal has extended a long-term agreement with the government of Liberia on mining and shipping of minerals, the company said on Friday, bringing its total investments...

Australian canola down but not out of China after Xi's deal with Canada

A trade deal between China and Canada has damaged Australia's hopes of becoming China's main supplier of canola, but the Pacific nation's access to the world's biggest oilseed importer has...

Vedanta Ltd CFO targets mid-May India listings of demerged units

Oil-to-metals conglomerate Vedanta Ltd aims to list its four planned demerged units on Indian exchanges by mid-May, its finance chief said.  The natural resources group is nearing the...

US lifts some Venezuela sanctions to ease oil sales

The administration of President Donald Trump lifted some sanctions on Venezuela's oil industry on Thursday to make it easier for U.S. companies to sell its crude oil, and said more restrictions on the...

Brazil's Agibank seeks up to $3.3 billion valuation in US IPO

Sao Paulo-based fintech Agibank said on Thursday it was seeking a valuation of up to $3.3 billion in its U.S. initial public offering, as Brazilian financial firms test investor appetite for overseas...

Insurance platform Ethos Technologies valued at $1.2 billion in Nasdaq debut

Ethos Technologies clinched a valuation of $1.2 billion in its Nasdaq debut on Thursday, as insurance firms continue to find receptive investors in a strengthening IPO market. The U.S....

Batista brothers' PicPay valued at $2.5 billion as shares jump in Nasdaq debut

Shares of PicPay, controlled by the billionaire Batista family, jumped 2.6% in their Nasdaq debut on Thursday, valuing the Brazilian digital bank at $2.53 billion. ...

US lawmaker asks Vitol, Trafigura about Venezuela oil deals

The top Democrat on a U.S. House investigative committee has asked global trading houses Vitol and Trafigura about any correspondence with the Trump administration before the U.S. capture of...

South Africa's Eskom ups wage hike offer in ongoing union talks

South African state-owned power utility Eskom has raised its salary increase offer to trade unions to 5.5% from the 3.5% it proposed last year, a document seen by Reuters showed, though it remains...

South Africa proposes new way for firms to comply with Black empowerment policy

South Africa's government has proposed amending its flagship Black empowerment policy to allow white-owned companies to gain points by contributing to a controversial new 100 billion rand fund for...

US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years

The number of Americans filing new applications for unemployment benefits fell last week from an upwardly revised level in the prior week, suggesting layoffs remained low, but tepid hiring is stoking...

Canada records big jump in trade deficit in November as US exports fall 

Canada posted a huge jump in its monthly international trade deficit in November as merchandise exports dropped by a big margin, data showed on Thursday, and economists said firms were still pursuing...

Lockheed Martin sets profit-sharing deal with US, outlook pleases investors

Lockheed has reached a profit-sharing agreement with the U.S. government related to the production of much-needed air defense missiles, the biggest U.S. defense contractor by output said on Thursday,...