News
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Canadian manufacturing PMI falls as trade tensions dent output, new orders
By Fergal Smith TORONTO, Dec 1 (Reuters) - Canada's manufacturing sector contracted at a steeper pace in November as trade uncertainty continued to hold back output and new orders, data showed on Monday.The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) fell to 48.4 ...Reuters
Mon, Dec 1
UK aircraft parts company director pleads guilty to fraudulent trading
By Sam Tobin LONDON, Dec 1 (Reuters) - The director of a London-based airline parts company on Monday pleaded guilty to fraudulent trading, two years after planes were briefly grounded worldwide over safety fears linked to his company.Jose Alejandro Zamora Yrala, 37, admitted operating AOG Techni...Reuters
Mon, Dec 1
Cyber Monday spending in US to hit $14.2 billion, Adobe Analytics forecasts
Dec 1 (Reuters) - U.S. shoppers are expected to spend $14.2 billion on Cyber Monday, a report from Adobe Analytics predicted, as budget-strained consumers lap up online discounts. Americans will spend 6.3% more online from a year earlier, on Cyber Monday, which is traditionally seen as the country&#...Reuters
Mon, Dec 1
BofA expects December Fed cut, two more in 2026
Dec 1 (Reuters) - BofA Global Research on Monday said it now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its December meeting, citing weak labor market conditions and recent comments from policymakers hinting at an early cut. The Wall Street brokerage had prev...Reuters
Mon, Dec 1
Russian bank VTB to create agriculture giant from nationalised assets, CEO says
MOSCOW, Dec 1 (Reuters) - Russian's second-largest bank VTB plans to create a large agricultural holding from nationalized assets it had bought in the southern regions in December 2024, VTB's CEO Andrei Kostin told Reuters. He said the new holding will focus on domestic processing of grains ...Reuters
Mon, Dec 1
CNY hits best level since October 2024 on tariff suspension extension – DBS
The Chinese Yuan (CNY) appreciated to 7.0742 per US Dollar (USD) in November, its strongest level since October 2024, after the White House extended the suspension of reciprocal tariffs on Chinese imports until November 2026.
Fxstreet
Mon, Dec 1
VTB CEO says Russian firms are eyeing Global South for expansion
MOSCOW, Dec 1 (Reuters) - Russian companies are eyeing expansion opportunities in the countries of the Global South and still have global ambitions despite Western sanctions, Andrei Kostin, the CEO of Russia's second-largest bank, VTB, told Reuters.The United States last month imposed sanctions ...Reuters
Mon, Dec 1
Morning News Call - Canada, December 1
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0930 S&P Glo...Reuters
Mon, Dec 1
UK aircraft parts company director pleads guilty to fraudulent trading
LONDON, Dec 1 (Reuters) - The director of a London-based airline parts company on Monday pleaded guilty to fraudulent trading, two years after planes were briefly grounded worldwide over safety fears linked to his company.Jose Alejandro Zamora Yrala, 37, admitted operating AOG Technics for a fraudul...Reuters
Mon, Dec 1
USD: Geopolitical gocus on Ukraine peace talks as US softens deadline – ING
Geopolitical news should remain central today. The US has softened its stance on Thursday’s deadline for Ukraine to accept the peace deal with Russia, and a new 19-point deal is set to be discussed in the coming days.Fxstreet
Mon, Dec 1
Euro zone yields edge up, ultra-long end of German curve steepens
German 10s30s curve near steepest level in over six yearsAnalysts flag risks of 2026 rate cut, markets price only 25% chanceBTP-Bund spread narrows to 16-year lowEuro area investors look to U.S. Treasuries for directionBy Stefano Rebaudo Dec 1 (Reuters) - Germany's short-dated borrowing costs...Reuters
Mon, Dec 1
BofA expects Fed to cut interest rates in December
Dec 1 (Reuters) - BofA Global Research on Monday said it now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its December meeting, citing labor market conditions and recent comments from policymakers hinting at an early cut.They previously expected borrowing costs to rem...Reuters
Mon, Dec 1
GLOBAL ECONOMY-Manufacturing weakens in Europe, Asia on faltering demand and tariff uncertainties
Euro zone factory activity contracted in NovemberAsia's manufacturing declines amid sluggish demand and global uncertaintiesChina's factory activity contracts slightly as PMI slips to 49.9By Hari Kishan and Sam Holmes Dec 1 (Reuters) - Manufacturing was weak in Europe and Asia's bigge...Reuters
Mon, Dec 1
Brazil Economists See 2025 Inflation At 4.43% - Cenbank Poll
Dec 1 (Reuters) - Brazil central bank poll:BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.43% IN 2025 VERSUS 4.45% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.17% IN 2026 VERSUS 4.18% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMIS...Reuters
Mon, Dec 1
