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10 March
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Bank of Canada keeps interest rate unchanged at 0.25%, QE programme unchanged By Investing.com

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By Samuel Indyk Investing.com – The Bank of Canada has decided to keep its interest rate unchanged at 0.25% and says it will hold current level of policy rate until inflation objective is sustainably achieved. The central bank said it will continue with its quantitative easing programme, with purchases of at least CAD 4bln per week. More to follow....

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10 March
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Campbell Falls on Revenue Miss, Weaker Sales Forecast By Investing.com

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By Dhirendra Tripathi Campbell Soup (NYSE:CPB) shares fell 2.5%, to $45.77, in premarket trading on Wednesday after warning that net sales would fall this year as Covid-19 vaccinations spread and customers return to restaurants rather than pantry stocking. Second quarter revenue of $2.28 billion fell short of expectations. Analysts tracked by Investing.com forecast sales of $2.3 billion. Campbell sales...

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10 March
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Wall Street Opens Higher as Tech Rebound Continues After CPI; Nasdaq up By Investing.com

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By Geoffrey Smith  Investing.com -- U.S. stock markets opened higher on Wednesday with the rebound in technology stocks continuing against the backdrop of fresh U.S. inflation figures that were free of negative surprises. By 9:40 AM ET (1440 GMT), the Dow Jones Industrial Average was up 307 points, or 1.0%. at 32,140 points, but the Nasdaq Composite, home to the greatest concentration of...

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10 March
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Danske Bank Research: Yields set to rise further in Autumn, US 10-year to hit 2.1% By Investing.com

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By Samuel Indyk Investing.com – Analysts at Danske Bank have said they expect yields to rise further in the Autumn after economies begin to reopen amid the increase in vaccinations. In their Yield Outlook research note, Danske argues that US rates and yields will continue to tick up in H2 as the recovery gains speed, inflation expectations and real interest rates continue to...

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10 March
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Britain looking for long-term solutions for Northern Ireland trade, says minister By Reuters

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LONDON (Reuters) - The British minister for Northern Ireland said on Wednesday the country and the European Union must use an extension to grace periods designed to smooth trade with the province to improve the overall system. Britain has unilaterally extended the grace periods to prevent the introduction of checks on food goods moving into the province. "We've got...

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10 March
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Royal Mail lifts profit forecast as advertising, business mail recovers By Reuters

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(Reuters) - Britain's Royal Mail (LON:RMG) raised its annual profit forecast on Wednesday, citing stronger-than-expected advertising, business and stamped mail volumes this year. The postal firm last month forecast annual profit ahead of market expectations as COVID-19 restrictions pushed parcel delivery demand to record levels and Christmas mail eased a slide in letter volumes. While parcel growth remained in...

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10 March
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AerCap to buy GE’s aircraft-leasing unit in $30 billion deal By Reuters

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By Shreyasee Raj (Reuters) - The world's two largest aircraft leasing companies are combining to create a new financing giant after Ireland's AerCap finalised a deal worth more than $30 billion to buy the leasing unit of General Electric (NYSE:GE). The two companies announced a deal on Wednesday after days of speculation surrounding the takeover of GE's leasing arm GECAS...

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10 March
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Exclusive: Pfizer wants to make vaccine in India if faster clearance, export freedom assured – sources By Reuters

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By Neha Arora and Krishna N. Das NEW DELHI (Reuters) - Pfizer Inc (NYSE:PFE) has told the Indian government it wants to produce its coronavirus vaccine locally if assured of faster regulatory clearance and freedom on pricing and exports, two sources with direct knowledge of the matter told Reuters. The U.S. company pulled an application last month seeking emergency approval...

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