The Canadian dollar weakened against most major currencies in the Asian session on Tuesday. The Canadian dollar fell to nearly a 3-month low of 1.4751 against the euro and a 4-day low of 1.3599 against the U.S. dollar, from yesterday\'s closing quotes of 1.4731 and 1.3571, respectively. Against the yen, the loonie edged down to...
Commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian shares traded lower after China set this year\'s GDP growth target at 5 percent and vowed to push ahead with transforming the growth model in the face of a raft...
Asian stocks ended mostly lower on Tuesday as China\'s week-long annual session of parliament commenced without any big-ticket stimulus plans to prop up the struggling economy. China is aiming for five percent GDP growth this year but there is reluctance to use deficit spending for economic stimulus. The Chinese government has set the targeted fiscal...
Despite the fading favorable base year effects, real estate meltdown and deflationary pressures, China has set an economic growth target of about 5 percent for 2024 that was unchanged from its previous year goal, which is set to force policymakers to focus on stimulus. In the annual work report, Premier Li Qiang on Tuesday projected...
Visa, Inc. (V) announced Tuesday a 7-year agreement with Western Union (WU) under which Western Union customers will be able to send money to their family and friends\' eligible Visa cards and bank accounts in 40 countries across five regions. The agreement includes card issuance, Western Union\'s integration with Visa Direct, and value-added services delivery...
Patrick Industries, Inc. (PATK) announced Tuesday that it has appointed Andy Roeder as Executive Vice President-Finance, Chief Financial Officer, and Treasurer of the Company, effective March 5. Prior to joining Patrick, Roeder served as CFO of Polaris Boats from 2018 to the present. Prior to his role at Polaris, he was the CFO of Bennington...
Kidney care services firm DaVita, Inc. (DVA) announced Tuesday that it has agreed to terms on the expansion of its international operations in Brazil and Colombia, and its entry into Chile and Ecuador. The expansion will make DaVita the largest dialysis services provider in Latin America. The deal, which is consistent with DaVita\'s disciplined investment...
A report released by the Institute for Supply Management on Tuesday showed U.S. service sector growth slowed by slightly more than expected in the month of February. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth, economists had expected...
The Commerce Department released a report on Tuesday showing a steep drop in new orders for U.S. manufactured goods in the month of January. The report said factory orders plunged by 3.6 percent in January after falling by a revised 0.3 percent in December. Economists had expected factory orders to tumble by 2.9 percent compared...
The Canadian market is up in positive territory Tuesday morning, led by gains in energy and materials sectors. Technology stocks are weak. The mood is cautious with investors awaiting the Canadian central bank\'s monetary policy announcement tomorrow. The Bank of Canada is widely expected to leave its key rate unchanged at 5%. The bank\'s views...