Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Sept. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
– The World Bank slashed its projection on Tuesday for economic growth in China for 2022 from the five per cent to now 2.8 per cent. The World Bank noted China came extremely close to an economic contraction in the second quarter, due in part to the country’s strict measures to control COVID-19. Also, aggressive interest rate hikes by a number of central banks have adversely impacted China’s economy and others throughout east Asia, the global lender said. China has the world’s second largest economy.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– The United Kingdom Ministry of Defence stated on Tuesday that it expects Russian President Vladimir Putin to soon announce the annexation of occupied territories in Ukraine. Officials said such a pronouncement could come on Friday when Putin addresses the Russian parliament. Voting in the referendum in those occupied territories wraps up today. Ukraine and the West have condemned the referendum as a sham for a territorial land grab.
– As Cuba is battered by Hurricane Ian on Tuesday with winds exceeding 200 kilometres per hour and upwards to 30 centimetres of rain, Florida is preparing for the inevitable onslaught of destruction. Ian has been forecast to hit Tampa Bay by Thursday, making it the first hurricane to directly hit the Gulf coast city in 100 years. A storm surge of upwards to three metres has been projected to cause widespread flooding in Florida. Municipal, state and federal efforts continued to provide sandbags, shelter, food and water.
