Canada’s cannabis industry contributes more to the country’s GDP than its pharmaceutical industry, plastics manufacturing, motor vehicles and parts manufacturing, health and personal care retailers, rail transportation and insurance brokerages, the StatsCan data showed. The Toronto-based company said it has closed the first round of bidding on its Valleyfield facility in Quebec – a year […]
The near-certain likelihood of higher fuel consumption in the U.S., China and the U.K has brightened the overall demand outlook, even as a resurgent pandemic in countries such as India, Brazil and Japan cloud those prospects. “The U.S. In the U.S., a string of real-time data pointing to an economic rebound taking hold in the world’s largest oil consumer […]
The near-certain likelihood of higher fuel consumption in the U.S., China and the U.K has brightened the overall demand outlook, even as a resurgent pandemic in countries such as India, Brazil and Japan cloud those prospects. “The U.S. In the U.S., a string of real-time data pointing to an economic rebound taking hold in the world’s largest oil consumer […]
The digital token climbed above its average price over the past 50 days, a measure of its short-term momentum. Trading in the world’s largest digital asset has been choppy in recent weeks after it hit a record high in mid-April above US$64,000. Assets in digital-asset products listed globally, including ETFs and ETPs, reached US$9 billion […]
Futures in New York dropped 2.3 per cent on Friday as raw materials cooled from a scorching rally, while the dollar’s gain made commodities priced in the currency less attractive. A resurgent coronavirus, most notably in India, is spurring some near-term caution over the demand picture. The structure of the Middle Eastern Dubai benchmark flipped […]
Consumption may also get a boost when China breaks for an extended holiday on Saturday, with mobility expected to climb to a record. is seeing many states ease restrictions and the opportunity for summer travel, and therefore petroleum demand, to have a significant rebound. Oil’s rally took a pause in recent weeks with the resurgent […]
Mario Draghi, Italy’s prime minister, gestures as he speaks during a news conference in Rome, Italy, on Friday, April 16, 2021. The blueprint drafted by Draghi draws heavily on Italy’s share of grants and loans under the EU’s pandemic recovery fund, the largest portion allotted to a single country. …Read the full story
From AI-enabled robo-investing to the implications for retail of a cashless world to the impact on monetary policy if and when governments move to digital tender, technological innovation is rapidly changing our relationship to money, creating major new opportunities but also creating poorly understood risks. Starting Thursday, SoFi clients can apply their 2% cash-back rewards […]
The company’s revenue and gross merchandise volume more than doubled in the first quarter, but it is also warning of slower growth ahead and cautioning that adjusted operating profit will drop this year amid a plan to “reinvest back into our business as aggressively as we can.” With shares in a bear market , we’ll […]
Stacks of bitcoins sit near green lights on a data cable terminal inside a communications room at an office in this arranged photograph in London, U.K., on Tuesday, Sept. If Bitcoin can’t overtake its 50-day mean — which currently sits at about $57,042 — then it might be in for a period of volatility as […]
Securities and Exchange Commission said in a filing Wednesday that the agency is pushing its decision on whether to “approve or disapprove, or institute proceedings to determine whether to disapprove” the structure to June 17. Optimism has been building that after nearly a decade of efforts, the SEC may finally approve a Bitcoin ETF launch […]
government report showed total petroleum stockpiles dropped last week, led by the biggest weekly decrease in distillate inventories since early March. However, a resurgence of the pandemic in countries such as India and Brazil are still raising concerns around a full-fledged global demand recovery in the near-term. The Energy Information Administration report also showed domestic […]
KWS Kerrin winter wheat kernels hang from plants before a harvest at a farm in Royston, U.K., on Tuesday, July 24, 2018. Main components of the government’s proposal unveiled on Wednesday includes a boost to public investments in research and innovation by more than 700 million kroner into biogas fuels and other technologies. Denmark’s Social […]
The company’s revenue and gross merchandise volume more than doubled in the first quarter, but it is also warning of slower growth ahead and cautioning that adjusted operating profit will drop this year amid a plan to “reinvest back into our business as aggressively as we can.” With shares in a bear market , we’ll […]
Network cables run alongside a power supply unit for a mining rig at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia, on Thursday, March 18, 2021. The online game provider acquired 1,717 Bitcoins at an average price of about $58,226 each, including fees and expenses. have moved to purchase Bitcoin in recent months, with more […]
An OPEC+ committee decided this week to move forward with a planned gradual crude production increase, anticipating a strong demand rebound this year, even as coronavirus cases rise in countries such as India. In the U.S., where a demand recovery is seen outpacing much of the world, President Joe Biden said that he intends to send new vaccines to […]
When Kris Taylor set out to build a lake house last October, he budgeted US$40,000 for lumber. …Read the full story
Gold shipments from Switzerland to India and China rose last month, indicating renewed buying by the top consumers after a year on the sidelines. European Central Bank President Christine Lagarde said Thursday that the institution isn’t discussing the phasing out of its emergency bond buying even as it sees signs that the economy is starting […]
