(Bloomberg) -- President Christine Lagarde said the the scale of additional emergency bond purchases will depend on the economic situation and the bank may not use all of the expanded program. “If favorable financing conditions can be maintained with purchase flows that do not exhaust the envelope over the net purchase horizon of the...
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Investing.com – Canada equities were higher at the close on Thursday, as gains in the Energy, REITs and Real Estate sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.01%. The biggest gainers of the session on the S&P/TSX Composite were Enerplus Corporation (TSX:ERF), which rose 10.16% or 0.39 points to trade at 4.23 at the close....
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By Paresh Dave (Reuters) - A U.S. lawsuit that could lead to the break-up of Facebook Inc (NASDAQ:FB)'s social media empire may be hindered by the government's role in the company's monopoly building, and a recent dearth of similar cases, legal experts said. In twin lawsuits on Wednesday, the Federal Trade Commission and 48 U.S. states and territories alleged Facebook's...
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By Michel Rose PARIS (Reuters) - France will compensate its fishermen or teach them new skills if there is a collapse in talks for a post-Brexit trade deal that threatens their livelihoods, a minister said, in an effort to avoid skirmishes at sea between French and British boats. French fishing boats have in the past rammed British vessels and their crews have...
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BRUSSELS (Reuters) - European Union leaders unblocked on Thursday a 1.8 trillion euro financial package to help the economy recover from the pandemic-induced recession after reaching a compromise with Poland and Hungary, the chairman of EU leaders Charles Michel said. "Deal on the MFF and Recovery Package. Now we can start with the implementation and build back our economies. Our landmark...
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By Foo Yun Chee BRUSSELS (Reuters) - Tech companies with millions of European users or active in at least two sectors will be classified as online gatekeepers subject to tough new EU rules aimed at curbing their power, three people familiar with the matter said on Thursday. The criteria defining online gatekeepers which control access to people, services and information are expected...
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LONDON (Reuters) - Spain's Canary Islands, a popular destination for British tourists, has been removed from England's safe travel corridor list, meaning those arriving from the archipelago will have to self-isolate, transport minister Grant Shapps said on Thursday. Shapps said data from the islands showed cases and positive tests were increasing, and so from Saturday morning, people arriving in England would have...
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By Christiana Sciaudone Investing.com -- Restoration Hardware's stellar results weren't enough to make up for supply that can't keep up with demand. Shares are down 4% as the company said revenue growth lagged demand by about 8 points in the third quarter. The stock hit a record on Wednesday with RH (NYSE:RH) benefiting from our nesting habits as we're stuck at home anyway....
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By Sagarika Jaisinghani and Shashank Nayar (Reuters) -London's mid-cap index ended lower on Thursday as Britain and the European Union extended the deadline for a Brexit trade deal, while the export-heavy FTSE 100 gained on a weaker pound and higher oil prices. The domestically focussed FTSE 250, considered a barometer for Brexit sentiment, shed 0.6% as Prime Minister Boris Johnson and...
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(Bloomberg) -- For the better part of a decade, Janet Yellen has been issuing a warning: Wall Street is piling a dangerous amount of debt onto the balance sheets of risky U.S. businesses. Time and time again, she has hammered home the point, turning it into a staple of the speeches and interviews she’s given since leaving the top job at the Federal...
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