The European Commission approved on Friday a 27.5 billion euro German scheme to help energy-intensive companies deal with higher electricity costs resulting from having to buy permits on the EU carbon market. The Commission's approval falls in line with EU rules on state aid that aim to ensure fair competition for companies in the single market of the 27-nation bloc.
* BLUETAPE RAISES $55M TO TRANSFORM FINANCING AND PAYMENTS FOR SMBS IN CONSTRUCTION INDUSTRY. * BLUETAPE - ANNOUNCED CLOSING OF $50M DEBT FUNDING LED BY ARCADIA FUNDS & $5M SEED ROUND LED BY CHICAGO VENTURES Source text for Eikon:
China is widely expected to lower its benchmark lending rates on Monday, a Reuters survey showed, with a vast majority of participants predicting a deeper cut to the mortgage reference to lift the ailing property sector and the overall economy.
China is widely expected to lower its benchmark lending rates on Monday, a Reuters survey showed, with a vast majority of participants predicting a deeper cut to the mortgage reference to lift the ailing property sector and the overall economy.
Canada's oil sands mining industry on Thursday outlined proposals to release treated water from tailings ponds into northern Alberta's Athabasca River, a move environmental groups say risks damaging one of the world's largest freshwater deltas. Unlike other extractive industries in Canada, oil sands firms are not allowed to release treated tailings water.
* TSX ends up 83.93 points, or 0.4%, at 20,265.37. * Energy sector gains nearly 2.7%; oil settles up 2.7% * Materials group adds nearly 1% By Fergal Smith. Canada's main stock index rose on Thursday to just short of a two-month high as higher oil prices bolstered resource shares and investors welcomed recent data that could signal a soft landing is possible for the U.S. and Canadian economies.
* Investors still assessing Wednesday's Fed minutes. * Kohl's slashes 2022 forecasts. By Caroline Valetkevitch. The S&P 500 and Nasdaq ended higher Thursday as an upbeat sales forecast from Cisco Systems (CSCO) helped to lift the technology sector, while data showed the economy remained relatively strong.
Argentina's latest economy minister, Sergio Massa, stressed the need to boost hard currency reserves on Thursday, pointing to new debt repurchase operations that could help, as well as advances in talks with the country's key farm sector.
- A gauge of factory activity in the U.S. Mid-Atlantic region unexpectedly accelerated in August to the briskest pace since April and firms reported input price pressures eased to the lowest since late 2020.
U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors were still assessing Wednesday's minutes from the Federal Reserve's July meeting, which they initially saw as supporting a less aggressive stance by the central bank.
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