Canadian manufacturing activity expanded in January for the first time in six months as an uptick in domestic demand led to firms increasing production and inflation pressures showed signs of easing, data showed on Wednesday. The S&P Global Canada Manufacturing Purchasing Managers' Index rose to a seasonally adjusted 51.0 in January from 49.2 in December.
The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp's (XOM) record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. Oil majors are expected to break their own annual records due to high prices and soaring demand, pushing their combined take to near. $200 billion.
The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp's record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. Oil majors are expected to break their own annual records due to high prices and soaring demand, pushing their combined take to near $200 billion.
Canada's main stock index edged higher on Tuesday as technology stocks rose after slowing U.S. wage growth raised hopes that the Federal Reserve could go easy on interest rate hikes. At 10:19 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 57.09 points, or 0.28%, at 20,629.2, on track for its best January performance since 2019.
Canada's main stock index edged higher on Tuesday as technology stocks gained, while the country's economy grew as expected in November. At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 33.52 points, or 0.16%, at 20,605.63.
India's Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a drop in second-quarter profit, hit by higher cost of commodities and a slowdown in the broader fast-moving consumer goods sector in the country.
A new round of strikes was called for in the French power sector from Feb. 6 to 8, a spokesperson for FNME-CGT, energy branch of the hardline French union CGT, said. A national strike over planned pension reforms reduced power production from nuclear reactors and thermal plants on Tuesday.
China's semiconductor industry has become a key target of the United States, which has imposed a slew of export restrictions targeting several parts of the country's chip sector supply chain as it bids to slow its rival's technological advancement.
Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive.
Indian shares fell Tuesday, as financial stocks continued their slide since a short-sellers attack on the Adani Group and IT stocks dropped ahead of the Federal Reserve's policy decision, with investors also cautious ahead of the Union budget.
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