May 19, 2023

Asian Stocks Set for Mixed Open After US Rally: Markets Wrap Shale-Oil Drillers Are Running Out of Places to Dump Toxic Wastewater Billionaire Len Blavatnik Unloads Last Major Russia Asset With Rusal Sale New Zealand Treasury Now Sees House Prices Declining Into 2024 Japan Inflation Quickens Again, Putting Pressure on BOJ View Byju’s Alpha Accused of Hiding $500 Million From Lenders McCarthy Predicts US Debt-Limit Deal on House Floor Next Week G-7 to Chase Russia’s Diamonds While Stopping Short of Total Ban Global Carbon Market in Turmoil After Zimbabwe Grabs Offset Money Here’s How the Debt-Limit Deal Is Looking as Talks Go Down to the Wire Epic Stock Lull Spurs Volatility Sales Before $1.7 Trillion Test Treasury’s Coffers Dwindle to Lowest Since 2021 Under Debt Cap’s Shadow New York Bills That Cap Key EM Debt Payouts Rile Pimco, Fidelity Oil Price Cap Is Hitting Russian Revenue Hard, US Treasury Says Chinese Buyers Return to Resurgent Australian Property Market TSX recap: Index finishes flat amid mixed U.S. market performance Kyrsten Sinema Is ‘More and More Confident’ of Deal to Avoid US Debt Default A Bitcoin-Spot ETF Is Unlikely in US in the Near Future, VanEck CEO Says Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy How to be the model driver, and get a break on car insurance Pattie Lovett-Reid: Protecting yourself financially from the risks of dementia Fixed income investors can breathe easier as inflation recedes: Dale Jackson Summer on a shoestring budget: Tips for surviving summer break as camp costs rise Why re-investing your tax refund is the smart option Owe money to the CRA this tax season? Here are some repayment options PSAC: Will Canada's tax deadline be moved due to the strike? How claiming income from side gigs can lower your tax bill Paper filing is dying but free income tax software lives on: Dale Jackson Tax deadline: Strike not a major issue for most Canadians, expert says 'Give yourself time and space': How to manage your finances during times of grief Experts explain how to cope with money stress Experts share effective ways to tackle student debt As thousands flock to day trading during lockdown, experts urge caution Dual income, no kids: Why some young Canadians are choosing this lifestyle 'Ask a lot of questions' before deciding what to do with your tax refund: experts As Canadians miss out on benefits, Ottawa promises automatic tax filing is on the way Here's a list February inflation rates for Canadian provinces Is your retirement portfolio ready for what's to come? Disney Drops Plan to Move 2,000 Workers to Florida Amid Fight Chinese Buyers Return to Resurgent Australian Property Market Traders Who Bet Against WeWork Reaped $440 Million in Gains This Past Year The Fed Hiked Rates Rapidly, But Housing Is as Broken as Ever US Existing-Home Sales Fall to Three-Month Low, While Prices Retreat Sam Zell, Billionaire Real Estate Investor, Dies at 81 Mortgage Rates in US Resume Climb After Falling for Two Weeks What’s Trending Today: Heat Wins Game 1, Disney Bans Visitors After Fight, Athletic Wear Chemicals NYC Skyscrapers Sit Vacant, Exposing Risk City Never Predicted Another 1,000 Buy-to Let Mortgages Slip Into Arrears in the UK Fed Poised for Big Upgrade to Outlook Despite Swirling Risks The Era of Huge UK House Price Rises Is Ending, Economist Says Uganda’s Anti-LGBTQ Bill Threatens Tourism as Well as Lives Top Abu Dhabi Wealth Fund Taps Manulife Exec for US Real Estate Vienna Becomes Epicenter of Europe’s Housing Woes Commercial Real Estate Prices in the US Fall for First Time Since 2011 WeWork Plunges as ‘Disruptive’ CEO Change Prompts Downgrade Homebuilder Stocks Soar to New Highs on Insatiable Demand for Housing Inside a $52 Million Chelsea Barracks Townhouse That Has Its Own Spa Montana TikTok Ban Challenged in Court by Creators, Viewers TikTok Montana Ban Sows Chaos for Creators Who Vow to Quit Asian Stocks Set for Mixed Open After US Rally: Markets Wrap IAC Unit Handy Settles California Suit Over Labor Law Violations Shale-Oil Drillers Are Running Out of Places to Dump Toxic Wastewater Billionaire Len Blavatnik Unloads Last Major Russia Asset With Rusal Sale EasyJet Sees Summer Boost With Fares on the Rise New Zealand Treasury Now Sees House Prices Declining Into 2024 Japan Inflation Quickens Again, Putting Pressure on BOJ View Byju’s Alpha Accused of Hiding $500 Million From Lenders Trump Bashes ‘Pro-China’ Biden Even as US Stance Has Hardened College Athlete Social Media Rules Violated Law, NLRB Claims US and Taiwan Agree on Trade Initiative in Bid for Closer Ties Pfizer’s Maternal RSV Vaccine First to Win FDA Advisers’ Support WestJet cancels 100-plus flights as pilot strike looms and customers scramble Online Luxury Retailer Farfetch Surges as Consumers Keep Splurging G-7 to Chase Russia’s Diamonds While Stopping Short of Total Ban Competition Bureau suing Cineplex for alleged junk fees for online tickets Global Carbon Market in Turmoil After Zimbabwe Grabs Offset Money Asian Stocks Set for Mixed Open After US Rally: Markets Wrap Shale-Oil Drillers Are Running Out of Places to Dump Toxic Wastewater Billionaire Len Blavatnik Unloads Last Major Russia Asset With Rusal Sale G-7 to Chase Russia’s Diamonds While Stopping Short of Total Ban Global Carbon Market in Turmoil After Zimbabwe Grabs Offset Money Frontier Carbon Removal Fund Just Inked a $53 Million Deal Here’s How the Debt-Limit Deal Is Looking as Talks Go Down to the Wire Oil Price Cap Is Hitting Russian Revenue Hard, US Treasury Says Ecuador’s President Dissolved Congress to Avoid Impeachment. Here’s What That Means US Makes Rare Wheat Imports From Europe After Drought Ravages Crops Petrobras Blocked From Drilling at Key Offshore Exploration Zone Medellín’s EPM to Discuss Freezing Energy Bills, CEO Says Oil falls as traders raise bets on further U.S. Fed rate hikes Biden Faces Progressive Backlash Against Any Debt-Limit Concessions Exxon Says Reaching Net Zero Global Emissions by 2050 ‘Highly Unlikely’ Pemex Sees Second Refinery Fire in Two Days, Outlets Report White House Tells Debt-Limit Negotiators to Protect Gains on Drug Prices, Climate SEC Official Sees Possible Overlap in Carbon Rules: Forum Update EV Battery-Swapping Could Help Solve the US Charging Problem Bank of Canada sees financial stress rising among homebuyers ​Canada's housing market is taking the brunt of rate hikes: Expert Bank of Canada governor holds news conference on Financial System Review The Daily Chase: BoC to release Financial System Review; WestJet prepares for possible strike TSX recap: Index posts small gain on energy stock strength TSX recap: Index finishes 1.45% lower amid losses in energy, financial stocks Demand grows in Canada for short-term fixed-rate mortgages The Daily Chase: Markets point to positive open; Target signals slowdown ahead Passenger rights overhaul draws criticism from both sides — airlines and advocates Citi's Clark says inflation cements her outlier call for June rate hike in Canada Growing number of Canadians rely on credit cards to pay for essentials: Survey David Rosenberg: The odds of an interest rate hike have tilted Bank of Canada and inflation: What the latest data could mean for interest rates Inflation climbs to 4.4% in April, beating expectations Canadian grocery costs rose 9.1% in April, a slight decline from March The Daily Chase: Inflation climbs 4.4% in April; WestJet prepares for possible strike New beverage fee rollout delayed, but retail group says producers should absorb fee Union says WestJet pilots issue 72-hour strike notice, and plan job action Friday TSX recap: Index closes up on energy, metals TikTok Montana Ban Sows Chaos for Creators Who Vow to Quit Shale-Oil Drillers Are Running Out of Places to Dump Toxic Wastewater Disney Drops Plan to Move 2,000 Workers to Florida Amid Fight New York Bills That Cap Key EM Debt Payouts Rile Pimco, Fidelity Ecuador’s President Dissolved Congress to Avoid Impeachment. Here’s What That Means The Supreme Court Just Handed Google and Twitter a New Line of Defense Tory Mayoral Hopeful Takes Aim at Lower London Speed Limits Disney Will Outlast DeSantis in Florida, Orlando Mayor Says Supreme Court Drops Title 42 Border Case After Policy Scrapped Conservative House Freedom Caucus Urges End to Debt Talks, Senate Vote on GOP Bill Pakistan Latest: Imran Khan Arrest Fears Keep Nation on Edge Key McCarthy Ally McHenry Says Debt Deal ‘Not Close’ Ukraine Recap: Kyiv Downs Missiles, China Envoy Meets Zelenskiy US Green Lights UN’s Venezuela Fund in Boost to Negotiations Egyptian Pound Rises on Black Market Amid Muted Dollar Demand Russia Changes Rules to Allow Elections Under Martial Law EU Nears Critical-Materials Agreements With Argentina and Chile Ecuador Weighs August Election After Dissolution of Congress UK Plans Meeting on AI Risks With OpenAI, DeepMind Bosses TikTok Montana Ban Sows Chaos for Creators Who Vow to Quit Asian Stocks Set for Mixed Open After US Rally: Markets Wrap Trump Bashes ‘Pro-China’ Biden Even as US Stance Has Hardened College Athlete Social Media Rules Violated Law, NLRB Claims US and Taiwan Agree on Trade Initiative in Bid for Closer Ties Frontier Carbon Removal Fund Just Inked a $53 Million Deal Applied Materials Sees Sales Drop as Chipmakers Pull Back Spending More Than 300 Firms Seek Slice of $39 Billion in US Chips Funds Bob Lee’s Alleged Killer Is Denied Release on Bail The Supreme Court Just Handed Google and Twitter a New Line of Defense A Bitcoin-Spot ETF Is Unlikely in US in the Near Future, VanEck CEO Says Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy Southeast Asia’s Ride-Hailing App Grab Sees Users Pulling Back Disney Will Outlast DeSantis in Florida, Orlando Mayor Says Biden Intends to Pick Lawyer Anna Gomez for FCC to End Agency Deadlock The Pandemic-Era Spending Binge Is Hitting a Wall. Retailers Are Concerned Tech Unicorn Fivetran Closes on $125 Million in Debt NYC Public Schools Drop Ban on AI Tool ChatGPT Supreme Court Backs Photographer in Warhol Copyright Case Over Prince Portrait The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Debt-Ceiling Tail Hedges Are `Cheap Lottery Tickets,' Bank of America Says The Patent That Helped Vanguard Clients Pocket Big Gains Expires Stan Druckenmiller, David Tepper Lead Family Offices Betting on AI Regional Banks May Emerge as a Winner in Debt Showdown, State Street Says Dip Buyers Scorched by Cratering Bank Stocks Rush for the Exits Stock Traders Are Nonchalant About US Being on Cusp of Default New York Cements Itself as the Gold Mining Capital of the World Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million Turkish Banks Set for Best Week in 21 Years Before Sunday’s Vote Single-Stock ETFs Get Vote of Confidence in Huge 32-Fund Filing The Number of Climate Funds Out There Has Exploded Vanguard’s Trillion-Dollar Man Controls as Much US Debt as China ECB Criticizes Bank Industry for Still Being a ‘Man’s World’ Bill Gross Advises Buying T-Bills to Bet Debt-Ceiling Issues Will Be Resolved ETF Issuers Are Losing Tolerance for ESG as Closures Surge Fast-Money Quants, Human Traders Most Split on Stocks Since 2019 Preferreds Get Burned in Historic Rout Spreading From Banks Wild Week in Banks Sends Indexes of Cross-Asset Tumult Spinning ‘No One Wants to Be Short’ Into Weekend Is Mantra Driving Bank Rally BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Erica Yokoyama, Bloomberg News , (Bloomberg) -- Japan’s inflation re-accelerated in April after months of cooling, likely reinforcing views that the central bank may have to revise its price outlook, bringing the Bank of Japan a step closer to policy normalization. Consumer prices excluding fresh food rose 3.4% from a year ago, quickening from the previous month driven by gains in processed food and hotel prices, the internal affairs ministry reported Friday. The result came in line with analyst forecasts. The national data was consistent with the results of the leading Tokyo figures, which showed renewed upward momentum after two months of deceleration. The acceleration in the key inflation gauge will likely cement the view of many Bank of Japan watchers that the central bank will bump up its price forecasts, leading to speculation over policy adjustment as early as July this year. In the latest quarterly outlook report, the BOJ projected core prices rising at just 1.6% in fiscal 2025, implying that the bank’s 2% sustainable inflation goal won’t be achieved within its forecast period. At the same time, new BOJ Governor Kazuo Ueda has indicated that once the inflation target comes into sight, he would adjust existing policy, including the yield curve control program. Read more: Japan’s Sticky Prices Seen Pushing BOJ to Mull Higher Forecasts Prices excluding the impact from energy and fresh food, a measure of the deeper inflation trend, also quickened to the fastest pace since 1981. Tokyo data earlier showed prices jumping after the costs for services such as deliveries and train tickets were raised as the new fiscal year began in April. Food price hikes also don’t seem to be ending anytime soon. About 5,600 food items are expected to rise in price from June onward, according to a Teikoku Databank report. “Food price increases will continue at least until this fall,” the data firm said. What Bloomberg Economics Says... “Japan’s April CPI report will likely confirm an early, somewhat alarming (for the Bank of Japan) signal from the Tokyo data — cost-push inflation pressures are heating up again. We think it will be enough to prompt the BOJ to raise its inflation forecast again, after having just lifted its projection in its April report.” — Asia economist team (Updates with more details from report) ©2023 Bloomberg L.P.