Higher crude oil prices and comments from Bank of Canada Governor Tiff Macklem that the central bank is getting closer to start cutting rates from over 2-decade highs, indicate a positive start for Canadian shares on Thursday. The market is also likely to benefit from Fed Chair Jerome Powell\'s comments that the next rate move...
SLB (SLB) announced Thursday the signing of a new long-term strategic collaboration agreement between Equinor ASA (EQNR) and the Subsea Integration Alliance (which comprises OneSubsea and Subsea7). The agreement paves the way for exploratory work to begin on two projects: the Wisting field offshore Norway and Bay Du Nord, off Newfoundland and Labrador, Canada. The...
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th. The report said initial jobless claims came in 208,000, unchanged from the previous week\'s upwardly revised level. Economists had expected jobless claims to...
The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday. The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February Economists had expected the trade deficit to inch up to $69.1 billion...
The services sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a services PMI score of 53.6. That\'s down from 54.4 in March, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Central to the sustained...
The Malaysia stock market bounced higher again on Thursday, one session after ending the two-day winning streak in which it had advanced almost 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau and it may add to its winnings on Friday. The global forecast for the Asian...
The Singapore stock market has moved higher in three straight sessions, collecting more than 15 points or 0.5 percent along the way. The Straits Times Index now rests just beneath the 3,300-point plateau and it may extend its gains on Friday. The global forecast for the Asian markets is upbeat on an improved outlook for...
The Taiwan stock market has moved lower in back-to-back sessions, stumbling almost 275 points or 1.4 percent along the way. The Taiwan Stock Exchange now sits just above the 20,220-point plateau although it may stop the bleeding on Friday. The global forecast for the Asian markets is upbeat on an improved outlook for interest rates....
The Hong Kong stock market has moved higher in eight straight sessions, gathering more than 2,000 points or 11.8 percent along the way. The Hang Seng Index now sits just above the 18,200-point plateau and it\'s nonetheless tipped to open higher again on Friday. The global forecast for the Asian markets is upbeat on an...
Adding to the gains in the previous session, the Australian stock market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 7,600 level, with gains across most sectors led by technology stocks partially offset by weakness in gold mining stocks. The benchmark...