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Sectors News Results

  • CANADA STOCKS-TSX buoyed by gains in technology, commodity stocks

    * Canadian factory sector activity slows for fourth month. * Bank stocks fall after CIBC, BMO and TD report results. By Johann M Cherian. Canada's main stock index rose for the third-straight session on Thursday, supported by technology and commodity-linked shares, while investors digested mixed manufacturing data.

  • German companies looking to hire more staff - Ifo

    Companies in Germany, Europe's largest economy, are looking to hire more staff, with a particular rise in demand in the service sector, the Ifo economic institute said on Thursday. Ifo said its employment barometer rose to 99.6 points in November from 97.8 points in October. "Against the backdrop of decreasing uncertainty, the number of employees in Germany could continue to rise.

  • Pfizer to invest over $1.26 billion in Irish jobs boost

    Pfizer Inc (PFE) plans to invest more than 1.2 billion euros to expand manufacturing at its plant in Dublin, it said on Thursday, handing the Irish multinational sector a jobs boost at a time when major tech firms are laying off staff.

  • U.S. manufacturing sector contracts in November - ISM

    U.S. manufacturing activity contracted for the first time in 2-1/2 years in November as higher borrowing costs weighed on demand for goods, but a measure of prices paid by factories for inputs fell for a second straight month, supporting views that inflation could continue trending lower. The Institute for Supply Management said on Thursday that its manufacturing PMI fell to 49.0 last month.

  • Canadian factory sector activity slows for fourth month

    Canadian manufacturing activity weakened for a fourth straight month in November as worries that the economy would slip into recession undercut demand, but the pace of contraction and a measure of inflation pressures eased, data showed on Thursday. The S&P Global Canada Manufacturing Purchasing Managers' Index rose to a seasonally adjusted 49.6 in November from 48.8 in October.

  • CANADA STOCKS-Financials, materials push TSX higher

    Canada's main stock index rose on Thursday supported by financials and commodity-linked stocks, while Canadian manufacturing data for November rose from the previous month. At 09:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 104.98 points, or 0.51%, at 20,558.24, touching close to six-month highs.

  • Canadian factory sector activity slows for fourth month

    Canadian manufacturing activity weakened for a fourth straight month in November as worries that the economy would slip into recession undercut demand, but the pace of contraction and a measure of inflation pressures eased, data showed on Thursday. The S&P Global Canada Manufacturing Purchasing Managers' Index rose to a seasonally adjusted 49.6 in November from 48.8 in October.

  • TSX rises to near 6-month high as tech sector rallies

    Canada's main stock index rose on Thursday to its highest closing level in nearly six months as technology and gold mining shares climbed and despite mixed earnings reports from major banks.

  • Russia factory activity grows at fastest pace in almost six years in Nov - PMI

    Russia's manufacturing sector expanded at its fastest pace in almost six years in November thanks to an increase in output and new orders, a business survey showed on Thursday, rebounding from a dip towards contraction last month.

  • U.S. Treasury's Yellen says cryptocurrencies need regulation

    U.S. Treasury Secretary Janet Yellen on Wednesday said recent turmoil in the cryptocurrency market has not spilled over to the banking sector, but she remained skeptical about the industry and believed it needed adequate regulation. Yellen told an event hosted by the New York Times DealBook that it was important to ensure that crypto assets had adequate customer protections.

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