Rogers suffered an unprecedented outage on Friday. Affected nearly every facet of daily life in Canada. Shaw dropped 4.3% to C$34.67. Canadian share index ended down 1.2%. Rogers has offered C$40 per Shaw share. Canada’s Competition Ministry is meeting with Rogers. Rogers Communications Inc (RCIb.TO) and takeover target Shaw Communications (SJRb.TO) fell on Monday as … Read more
China’s factory-gate inflation cooled in June to the lowest in 15 months. Consumer inflation rose to the highest in nearly two years. The producer price index (PPI) rose 6.1% year-on-year, after a 6.4% rise in May. 19 lockdowns were lifted in June, but some areas have reported flare-ups in infections. China’s June manufacturing plant entryway … Read more
The unemployment rate is forecast to be unchanged at 3. There were 11.3 million job openings at the end of May, with 1.9 jobs for every unemployed person. The Fed wants to cool demand for labor to help bring inflation down to its 2% target. Employers likely continued to raise wages at a steady clip … Read more
New home sales jumped 10.7% to a seasonally adjusted annual rate of 696,000 units last month. April’s sales pace was revised higher to 629,00 units from the previously reported 591,900 units. Sales surged in the West and densely populated South but declined in the Midwest and Northeast. Confidence among U.S. consumers fell to a record … Read more
Sindh Chief Minister Murad Ali Shah expanded his cabinet by inducting four new ministers and two advisers here on Sunday. With the induction, the cabinet has now grown to 18 members along with four advisers. The new cabinet members, who were sworn in as the new provincial ministers by Sindh Governor Imran Ismail, include Syed … Read more
