CEP News) - On Thursday, markets will focus on Canada with the release of March CPI inflation data. In the United States, the Philadelphia Fed's manufacturing survey will be the highlight of the day.
CEP News) - The Federal Reserve's Beige Book reported weakening economic activity in 9 of 12 districts, but it couldn't halt a Treasury sell off and equity market rally, including a five-month high in the SP/TSX. The Canadian dollar flirted
ALAMEDA, California (Reuters) - Two top Federal Reserve officials on Wednesday described the U.S. economy as extremely weak -- whether or not technically in recession -- but also said inflation was a concern.
Taking cues from the overnight gains in the US markets coupled with positive sentiments that prevailed in the markets after Infosys announced its results, the country's indices remained bouyant for the entire trading session.
PFC announced a net profit of Rs 297.32 crore for the quarter ended March 31, 2008, a 19.90% decline over the corresponding quarter of the previous year.
NEW YORK (Reuters) - Stocks vaulted higher on Wednesday after Intel Corp, JPMorgan Chase amp; Co and other blue chips reported earnings that reassured investors worried that a weak economy would sap corporate profits.
NEW YORK (Reuters) - Sallie Mae, the largest U.S. student loan company, posted a first-quarter net loss on Wednesday, hurt by losses on derivatives, and said it cannot continue lending at a profit in the current environment.
DETROIT (Reuters) - General Motors Corp said on Wednesday it would realign North American sales and marketing management and announced that a former Nissan North America sales chief would lead one of the four new broad retail channels.
SAN FRANCISCO (Reuters) - EBay Inc posted a 22 percent rise in quarterly net profit, topping Wall Street's average estimate, as pricing changes increased online auction listings and pushed revenue above all forecasts.
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