Toyota Motor Corp (TM) said on Thursday its global vehicle production grew at a record pace for the month of August, as the sector recovered from the COVID-19 pandemic and production capacity increased, mainly overseas.
A nationwide strike in France on Thursday called by several hard-left trade unions demanding higher pay caused disruption in the energy sector as nuclear power industry workers joined the walkout. The 24-hour strike by electricity union FNME lowered capacity from the power grid at a time when France already faces a record number of nuclear reactor outages.
Canada's main stock index rose on Wednesday led by precious metal miners and technology stocks, a day after the TSX posted its longest streak of daily declines since May on worries of a global recession. At 10:04 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 71.21 points, or 0.39%, at 18,379.12. The energy sector added 0.5% as crude prices rose 1% a barrel.
- The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association showed on Wednesday. Rising mortgage rates are increasingly weighing on the interest-rate-sensitive housing sector as the Federal Reserve pushes on with aggressively lifting borrowing costs to curb high inflation.
The average interest rate on the most popular U.S. home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association showed on Wednesday. Rising mortgage rates are increasingly weighing on the interest-rate-sensitive housing sector as the Federal Reserve pushes on with aggressively lifting borrowing costs to curb high inflation.
* TSX ends down 19.13 points, or 0.1%, at 18,307.91. * Posts lowest closing level since March 2021. * Financials fall nearly 1% * Energy rallies 2.3%; oil settles 2.3% higher. By Fergal Smith.
Almost 60% of Asian women working in the U.S. financial sector say their race has hindered their careers, particularly at senior levels, according to a study by The Association of Asian American Investment Managers published on Tuesday.
Chinese healthcare and biotech firms are ripe for consolidation due to a sharp decline in valuations after the COVID-19 pandemic spurred over-investments in the sector, a leading local venture capitalist said. The global healthcare sector has experienced an investment boom by venture funds and private equity players over the last few years, lifted by growth prospects during the pandemic.
* TSX ends down 153.94 points, or 0.8%, at 18,327.04. * Posts its lowest closing level since March 2021. * Bank of Nova Scotia (BNS) shares fall 2.8% * Energy sector ends 3.3% lower. By Fergal Smith.
The U.S. Department of Agriculture is proposing regulations to prevent meat companies from retaliating against livestock and poultry farmers who speak out on practices such as price-fixing, the agency said on Monday. The USDA also said it would work with state attorneys general to investigate anticompetitive practices in the agricultural sector that contribute to inflation.
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