Compiled by MarketsFarm
WINNIPEG, Nov. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
- Inflation in the United States dipped to 3.2 per cent in October, according to the Department of Labor on Tuesday. That’s down from 3.7 per cent September with declines in fuel prices said to be leading way. It remained unclear if the U.S. Federal Reserve would resume hiking its key interest rates to quell inflation. Currently at five to 5.4 per cent, the Fed’s rates were at their highest levels in 22 years.
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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Up to 400,000…
- As Israeli forces pressed their attacks in Gaza, reports on Tuesday stated that a mass grave was being dug at the Al Shifa Hospital, the largest in the enclave. Hamas claimed there were 650 patients there plus upwards to 7,000 civilians seeking shelter from the intense fighting. Hospital authorities said 40 patients died in recent days and there were now 100 decomposing bodies needing burial.
- The leaders of the world’s two most powerful economies will meet face-to-face this week. U.S. President Joe Biden and Chinese President Xi Jinping will be among the world leaders at the Asia-Pacific Economic Co-operation Summit on Wednesday in San Francisco. Relations between the U.S. and China continued to be at a low point, with hopes of a Biden-Xi meeting will lay the groundwork for improvement.
- After months of bitter negotiations, Glencore announced on Tuesday that it will acquire 77 per cent of Teck Resources’ coal business. The deal will see Glencore pay US$6.93 billion to Teck while Nippon Steel Corp. and Posco will continue to hold minority stakes in the coal operations.
