Mumbai: Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit Financial Services. While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust credit growth in Q4FY24, … Read more
Lightspeed Commerce is cutting about 280 jobs, less than two months after its founder returned to the helm of the Montreal-based technology company. After integrating the company’s many acquisitions, “Lightspeed is now entering a new phase, one focused on profitable growth to capture the opportunity in front of us,” said founder and chief executive Dax Dasilva. … Read more
SINGAPORE: Standard Chartered Bank will be lowering the maximum interest rate on its Bonus$aver account to 7.68 per cent per annum from May 1, based on a check of its website on Tuesday (Apr 2). This is down slightly from 7.88 per cent – the highest offered by the savings account – when the bank … Read more
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank on Monday released its business outlook and consumer expectations surveys, which showed increased optimism as people expect interest rate cuts are nearing. Although firms … Read more
B.C.’s director of civil forfeiture has filed an unexplained wealth order in an attempt to seize a quarter-million dollars in cash, 45 gold bars, luxury watches and jewelry that were contained in a safety deposit box belonging to the co-founder of a notorious B.C.-based cryptocurrency exchange scam. Documents filed in B.C. Supreme Court say the items are the proceeds … Read more
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades. In a speech, senior deputy governor Carolyn Rogers says an economy with low productivity can only grow so … Read more
To commemorate the 2024 International Women’s Day (IWD), lifestyle journalist, Latasha Ngwube, has hosted a luncheon featuring over 30 women entrepreneurs across different sectors in celebration of the progress gained in gender matters. Themed, “Invest in Women- Accelerate Progress”, the event was held in Abuja, Nigeria’s capital city, under her brand “LatashaLagos”. Ms Ngwube, an … Read more
Canada’s annual inflation rate cooled to 2.8 per cent in February, helped by slower growth in the cost of cellular services, groceries and internet access services, Statistics Canada said Tuesday. Economists had largely expected the rate to rise to 3.1 per cent and undo some of the year’s early progress. Rent and mortgage interest costs continued to be primary … Read more
Michelle Jeraline says she’s so stressed out by the pressure to sell customers products at TD Bank, it’s affected her health. The TD employee says she’s usually not acting in the best interest of her clients — she’s trying to sell them products that will help her meet sales targets and keep her from being … Read more
The Bank of Canada has held its key interest rate at five per cent again, saying that it’s still too soon to consider rate cuts while underlying inflation persists. Economists were widely expecting the central bank to hold the rate. The bank said in a note on its website that it was still concerned about underlying inflation, which strips … Read more
