(Bloomberg) — The Bank of Russia reduced interest rates for a second time this year and signaled more cuts to come, as inflation and economic growth slow.The key rate was cut to 7.25% from 7.50%, according to a statement published on Friday. The move was forecast by all but one of the 40 economists
— Read on ca.finance.yahoo.com/news/bank-russia-cuts-key-rate-114021159.html
ECB signals rate cut, QE ahead as global stimulus push picks up – BNN Bloomberg
ECB signals rate cut, QE ahead as global stimulus push picks up – BNN Bloomberg
— Read on www.bnnbloomberg.ca/ecb-set-to-signal-rate-cut-as-economy-slows-1.1292095
Nissan’s pain worsens on 99% profit plunge, 12,500 job cuts – BNN Bloomberg
Nissan’s pain worsens on 99% profit plunge, 12,500 job cuts – BNN Bloomberg
Nissan’s pain worsens on 99% profit plunge, 12,500 job cuts – BNN Bloomberg
— Read on www.bnnbloomberg.ca/nissan-s-pain-worsens-on-99-profit-plunge-12-500-job-cuts-1.1292214
US GDP second quarter 2019: Up 2.1% vs 2% estimate
Growth decelerated in the second quarter, but not by as much as Wall Street thought, as tariffs and a global slowdown weighed on the U.S. economy, the Commerce Department reported Friday.
— Read on www.cnbc.com/2019/07/26/us-gdp-second-quarter-2019.html
SoftBank Vision Fund 2: launch of $108 billion fund to invest in AI
Japanese conglomerate SoftBank said its second mega fund has a total expected contribution of $108 billion from partners including Microsoft, Apple and Foxconn, and that amount could potentially increase.
— Read on www.cnbc.com/2019/07/26/softbank-vision-fund-2-launches-108-billion-fund-to-invest-in-ai.html
Warren Buffett’s Berkshire Hathaway boosts its stake in Bank of America
Warren Buffett’s Berkshire Hathaway has raised its stake in Bank of America.
— Read on www.cnbc.com/2019/07/26/warren-buffetts-berkshire-hathaway-boosts-its-stake-in-bank-of-america.html
Treasury yields rise after economic growth data tops estimates
U.S. government debt yields rose Friday morning, as traders looked ahead to fresh data and weighed the possibility of a less dovish tone from the Federal Reserve next week.
— Read on www.cnbc.com/2019/07/26/bonds-treasury-yields-rise-ahead-of-gdp-data.html
RBC’s McKay Says Canada’s Housing Market Now ‘Well-Balanced’ – Bloomberg
Housing in Canada is in “well-balanced territory” after a government tightening of mortgage-lending rules intended to cool a market that had become overheated, Royal Bank of Canada Chief Executive Officer Dave McKay said.
— Read on www.bloomberg.com/news/articles/2019-07-25/rbc-s-mckay-says-canada-s-housing-market-is-now-well-balanced
Tight Labor Market Is Fattening Canadian Workers’ Wallets Again – Bloomberg
Canadians are starting to see a pickup in their wages, a positive sign for the domestic economy amid growing global uncertainty.
— Read on www.bloomberg.com/news/articles/2019-07-25/tight-labor-market-is-fattening-canadian-workers-wallets-again