Monday, April 12, 2021
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Canada posts blockbuster job gain in March, but new lockdowns set to weigh

Canada added far more jobs than expected in March, bringing employment to within 1.5% of pre-pandemic levels, official statistics showed on Friday, though economists warned fresh lockdowns imposed this...

CIBC CEO calls for policies to boost housing supply as prices surge

Canadian Imperial Bank of Commerce Chief Executive Victor Dodig urged policymakers to focus on measures to boost the supply of homes amid calls for them to intervene to cool...

Japan’s regulators to check high-risk trades after Archegos -Nikkei

Japanese regulators will heighten scrutiny on high-risk trades by domestic financial institutions in the wake of the Archegos fallout, the Nikkei business daily reported on Wednesday.

Stocks scale fresh peak as U.S. and China lead recovery

Stocks hovered near a record high on Tuesday, supported by strong economic data from China and the United States, while currency and bond markets paused for breath after a...

Tesla shares surge on record electric cars deliveries in first quarter

Shares of Tesla Inc surged nearly 8% in pre-market trading on Monday, after the world’s most valuable carmaker posted record deliveries as a solid demand for its electric cars...

The hunt for lost billions: Failed Hin Leong’s owners face asset claims

Stung by the collapse of Asia’s top independent oil trading firm, some global banks have teamed up to seek the personal assets of the family behind Hin Leong Trading,...

New UN study shows 72 nations and $598 billion in debt payments at risk...

The coronavirus pandemic has worsened debt problems facing 72 low- and middle-income countries and jeopardized $598 billion in debt service payments from 2021 to 2025, including $87 billion this...

Global shares struggle as U.S. bond yields march higher

Global stocks wavered on Wednesday while the safe-haven dollar held near recent highs as Treasury yields sustained their steady rise before U.S. President Joe Biden announces a multitrillion-dollar plan...

Credit Suisse in firing line after Archegos losses

Pressure was mounting on Credit Suisse on Tuesday over losses linked to the downfall of Archegos Capital, with analysts warning its dividend and share buyback plans may need to...

WeWork agrees $9 billion SPAC merger to finally get stock market listing

WeWork said on Friday it has agreed to go public through a merger with blank-check firm BowX Acquisition Corp, enabling the office-sharing company to complete a stock market listing...