Canada's main stock index climbed on Friday, as a jump in oil prices propped up energy stocks, while upbeat corporate earnings also helped keep the index in the green. At 10:27 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 52.86 points, or 0.25%, at 20,793.3, on track to post its fifth straight weekly gain.
Apple Inc CEO Tim Cook said the personal computer industry is "very challenged" at the company's first-quarter results conference call on Thursday. What Happened: Responding to a question on the call, Cook said "The [PC] industry is contracting." "I don't know how this year will play out, so I don't want to predict the year.
U.S. services industry activity rebounded strongly in January, with new orders recovering and prices paid by businesses for materials continuing to rise at a moderate pace, hopeful signs for the economy as it braces for a possible recession this year. The Institute for Supply Management said on Friday its non-manufacturing PMI increased to 55.2 last month.
The Reserve Bank of India said on Friday that the country's banking system remains resilient and stable, amid concerns about the exposure of lenders to the embattled Adani Group. "Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy.
The Reserve Bank of India said the country's banking system remains resilient and stable, amid concerns about the exposure of lenders to the embattled Adani Group. "Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. The RBI added it remains vigilant and continues to monitor the stability of the Indian banking sector.
Industrial production in Brazil ended 2022 with a 0.7% drop on the previous year, government statistics agency IBGE said on Friday, losing some of the gains the sector recorded in 2021 after a pandemic-related downturn.
Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing's zero-COVID protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry.
Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing's zero-COVID protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry.
German services sector activity rose in January for the first time in seven months and companies showed increased optimism, a survey showed on Friday. S&P Global's final services Purchasing Managers' Index rose to 50.7 from 49.2 in December, going above the 50.0 threshold that separates growth from contraction.
Japan's services sector activity grew at its fastest pace in three months in January, but worsening inflation and employment trends point to challenges ahead, a business survey showed, as policymakers bet on the country's economic reopening to lift demand.
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