At his last press conference U.S. Federal Reserve Chair Jerome Powell said confidently a "disinflationary process" had begun as he pledged the central bank's fight against rising prices was not over.
Canadian benchmark stock index futures edged higher on Tuesday, tracking strength in U.S. markets ahead of the Federal Reserve chief's testimony to the Congress, though weakness in crude prices on concerns around demand from China capped gains.
A group of the world's biggest copper producers said it aimed to slash direct and indirect greenhouse gas emissions to zero by 2050, in a move that could make the sector more attractive to environmentally-conscious investment funds.
A stubborn surge of inflation has caused central banks worldwide to adapt monetary policy to protect people and businesses from price increases, with many raising interest rates in step with the U.S. Federal Reserve.
Latin American central banks have dashed hopes that they will back off sky-high benchmark interest rates, amid stubbornly high inflation, expected further tightening by the U.S Federal Reserve, and political risks in some cases.
Italy's state-controlled companies should have at least one leader who is a woman, Prime Minister Giorgia Meloni said on Tuesday, ahead of appointments at key firms such as ENI , Enel , Poste Italiane and Leonardo .
Federal appellate court judges are set to hear arguments on Tuesday in Grayscale Investments' case against the U.S. Securities and Exchange Commission over the agency's rejection of the crypto asset manager's application to create a spot bitcoin exchange-traded fund.
Spooked by a flurry of hotter-than-expected U.S. economic and inflation data last month, investors are reviving trading strategies that bet on a higher peak in interest rates.
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