Business

East Coast Credit Union assets hit $1.3 billion in 2023

A Nova Scotia Credit Union celebrating its 90th year serving members in 2023 ended the fiscal year with assets reaching more than $1.3 billion. East Coast Credit Union, which operates 20 branches between Cape Breton and Bridgewater, grew to 43,465 ...

Updated 21 hours ago |1 min read

MONEY LADY PODCAST: How to author a wealthier life

Updated 19 hours ago |1 min read

HALIFAX RETALES: Danielle Latour tapping the Korean rice beverage market

Updated Apr. 15, 2024 |3 min read

Danielle Latour, owner of the newly-opened Mak 902, with a glass of lavender makgeolli at her Kempt Road establishment on Monday, April 15, 2024.
Ryan Taplin - The Chronicle Herald

SYLVAIN CHARLEBOIS: The Trudeau paradox of more spending and more hunger

Updated 16 hours ago |4 min read

Prices at the Pumps: An up and down week at the pumps

Updated a day ago |1 min read

Hedge funds turn bearish in April, Goldman says

Updated 15 minutes ago |2 min read

U.S. Federal Reserve Chair Jerome Powell speaks at the 2024 Business, Government & Society Forum at the Stanford Graduate School of Business in Stanford, California, U.S., April 3, 2024.

Column-Powell's 'restrictive' emphasis maximizes Fed flexibility: McGeever

Jamie McGeever |Updated 35 minutes ago |4 min read

By Jamie McGeever ORLANDO, Florida (Reuters) - Central bankers choose their words carefully, so recent comments from the Federal Reserve's two most senior policymakers that U.S. monetary policy could stay "restrictive" rather than "higher" for ...

Brazil's pet product retailers Petz, Cobasi sign merger memorandum

Reuters |Updated 1 hour ago |2 min read

SAO PAULO (Reuters) - Brazil's Petz said on Friday it had agreed to merge with rival Cobasi in a cash and share swap deal that would create the country's largest pet product retailer. Shares in Petz jumped as much as 47% in Friday morning trade, ...

A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018.

Morgan Stanley consumer IPO banker Passi leaving the bank, sources say

Abigail Summerville, Echo Wang |Updated 1 hour ago |1 min read

By Echo Wang and Abigail Summerville NEW YORK (Reuters) - Morgan Stanley's North America head of consumer and retail equity capital markets (ECM) Tilli Dias Passi will leave the bank, according to people familiar with the matter. Passi is taking ...

Chicago Fed President Austan Goolsbee reacts as he heads into the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023.

Fed's Goolsbee says 'stalled' inflation progress puts policy on hold

Reuters |Updated 4 minutes ago |2 min read

(Reuters) - Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to retreat from an earlier focus on the coming need for interest ...

Evercore consumer dealmaker Taetle is leaving the bank, sources say

Abigail Summerville |Updated 1 hour ago |1 min read

By Abigail Summerville NEW YORK (Reuters) - Adam Taetle, a senior managing director at Evercore who advised on several transactions in the consumer & retail industry, will be leaving the investment bank, according to people familiar with the ...

Bank of England's (BoE) Deputy Governor Dave Ramsden, attends the HKMA-BIS High-Level Conference in Hong Kong, China November 28, 2023.

BoE's Ramsden says inflation could hold around 2% target over next three years

Reuters |Updated 4 minutes ago |1 min read

WASHINGTON (Reuters) - Bank of England Deputy Governor Dave Ramsden said on Friday that inflation could hold around the central bank's 2% target for the next three years rather than rise higher as set out in the BoE's most recent forecasts. "For ...

Oilfield firm SLB's profit rises on international drilling demand

Reuters |Updated 5 minutes ago |2 min read

By Sourasis Bose and Arathy Somasekhar HOUSTON (Reuters) -Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, in line with analysts' estimates, as higher oil and gas drilling demand in the Middle East and Africa ...

IMF urges Italy, France to spend less, Germany to loosen purse strings

Francesco Canepa |Updated 2 hours ago |3 min read

By Francesco Canepa WASHINGTON (Reuters) - Italy and France should cut spending faster than they currently plan to keep debt under control while Germany should loosen its own purse strings to revive growth, the International Monetary Fund said on ...

CEC (China Electronics Corporation) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023.

China moves to boost foreign investment in domestic tech companies

Reuters |Updated 2 hours ago |1 min read

BEIJING (Reuters) - China published measures on Friday aimed at promoting overseas investment in its technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world's second-largest ...

Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023.

Worsening US debt outlook seen more in gold and bitcoin than in bonds

Reuters |Updated 2 hours ago |4 min read

(Reuters) - Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country's fiscal path, market observers say. The ...