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The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years

The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months

Prime Minister Justin Trudeau says Canada will significantly reduce the number of new immigrants in the country after acknowledging his government failed to get the balance right coming out of the pandemic

Bahnsen Group managing partner David Bahnsen discusses market volatility and analyzes the real estate market on The Big Money Show.

Canada will take the rare step of reducing its annual immigration targets on Thursday, according to a government source.

The Bank of Canada supersized its fourth consecutive interest rate cut to 50 basis points from the standard 25 basis points, bringing its benchmark lending rate below four per cent for the first time in two years.

Subscribe to enjoy similar stories. Eighty years ago world leaders meeting in Bretton Woods, N.H., created the International Monetary Fund to prevent the sorts of economic imbalances that had brought on the Great Depression. Today, imbalances once again threaten global harmony.

Oyo achieved a profit after tax of Rs 158 crore in the second quarter of the current fiscal ended September, founder Ritesh Agarwal told employees in a townhall on Thursday, sources said. Oravel Stays Ltd, the parent company of Oyo, had posted a loss of Rs 50 crore in the same period of the previous year. During the first quarter, Oyo's profit after tax stood at Rs 132 crore. This brings the company's H1 FY25 net profit to Rs 290 crore ($35 million), marking a turnaround from the Rs 91 crore net loss reported in the same period of the previous fiscal, the sources said.

Speaking to her fellow finance ministers at the International Monetary Fund's annual meetings in Washington D.C, Reeves will stress that the upcoming Budget will be «built on the rock of economic stability», as she sets about making the case for Britain as «a strong and credible international partner».  Labour's first Budget since 2010 will «invest in the foundations of future growth», through borrowing to invest while maintaining fiscal prudence, according to the chancellor.  'It is not free money': Bond market warns Reeves to tread carefully with Budget borrowing plans To facilit...

«We like the CDMO space, no doubt about that and that is why we have only one player out there, which is probably one of the best players within that space as such,» says Dinshaw Irani, CEO, Helios Mutual Fund. Are you keen on pharma at all and which end of pharma, is it hospitals, diagnostic, domestic facing companies, CDMO players, export players, where is that you are finding value and comfort right now? Dinshaw Irani: So, basically, it is kitchen sinking out there. I mean, the way you stated. So, I do not know. We are very keen on obviously hospitals. We have got a couple of players there that we like and that is more of a call on the per capita is moving up in our country and obviously health becoming a bigger spend, that is what one saw in China or any other economy which was picking up as such, so that is one call that we have taken.

Sales of previously occupied U.S. homes slowed in September to the weakest annual pace in nearly 14 years even as mortgage rates eased and the supply of properties on the market continued to climb

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout

The Bank of Canada dropped its policy rate by 50 basis points on Wednesday, bringing the interest rate down to 3.75 per cent, as policymakers try to keep inflation near their target with a fourth consecutive rate cut.

Here’s the Bank of Canada’s official statement for its rate decision:

The Bank of Canada delivered an oversized interest rate cut of half a percentage point on Wednesday, focusing now on boosting the Canadian economy amid signs inflation is well under control.

Xi Jinping said Wednesday that the ongoing BRICS summit here has decided to invite a number of nations to become partner countries and called on the grouping to actively respond to the requests of countries of the Global South to join the bloc. BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members — Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported. He hailed the decision as another important development in the course of BRICS development.

Both sides should take on their international responsibilities and set an example for the development of other emerging economies, Chinese state broadcaster CCTV cited Xi as saying in a meeting with Modi on the sidelines of the BRICS summit in Russia's Kazan. PM Modi and Xi Jinping held their first bilateral talks in five years today, signalling that ties between the Asian giants damaged by a deadly military clash in 2020 had begun to recover.

Many car shoppers like the idea of hybrids, but not the upfront premium that often is thousands more than the sticker price of a non-hybrid model

The Panama Canal Authority is reaching out to communities that could be impacted if the Indio River is dammed to make a new reservoir ensuring the water supply needed to operate the Panama Canal

LONDON — The U.K. is likely to see stablecoin laws introduced in a matter of «months, not years,» according to crypto firm Circle's top policy executive.