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 11 hours ago |1 min read

MONEY LADY PODCAST: How to author a wealthier life

Updated 9 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 6 hours ago |4 min read

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

Updated a day ago |1 min read

Pakistan aims to agree outline of new IMF loan in May - Finance Minister

Updated 11 minutes ago |2 min read

People walk past mannequins in a shopping centre in London, Britain, January 17, 2023.

UK retail stagnated again in March, ONS says

Reuters |Updated 2 minutes ago |1 min read

LONDON (Reuters) - British retail sales volumes stagnated for the second month in a row in March, the Office for National Statistics said on Friday. Economists polled by Reuters had mostly forecast sales volumes would increase by 0.3% on the ...

Two workers install a bifacial 540 W solar panel at a solar panels park by energy supplier Enel Green Power, in Trino Italy, March 5, 2024.

Column-Plunging solar capture rates to test nerve of Europe's policymakers: Maguire

Gavin Maguire |Updated 12 minutes ago |5 min read

By Gavin Maguire LITTLETON, Colorado (Reuters) - Wholesale power prices coming under pressure from surging solar output is not a new concept in power markets, but looks set to become a potentially divisive issue across Europe as rampant ...

Vehicles pass trucks, parked at the emergency lane after heavy snowfall at the A3 highway, near Aegidinberg, Germany, January 18, 2024.

German producer prices fall 2.9% y/y in March

Reuters |Updated 12 minutes ago |1 min read

(Reuters) - German producer prices fell less than expected in March, decreasing by 2.9% on the year, the federal statistics office reported on Friday. Analysts polled by Reuters had expected a 3.2% decline.The office publishes more detailed data ...

Australia fines Macquarie Bank $6.4 million for not preventing unlawful third-party transactions

Reuters |Updated 32 minutes ago |2 min read

(Reuters) - The Federal Court of Australia has fined Macquarie Bank A$10 million ($6.4 million) for its lack of controls to detect and prevent unauthorised fee transactions carried out by third parties on customer accounts, the securities ...

A tourist shelters from the rain under an Union Jack umbrella near the Bank of England in the City of London financial district in London, Britain, February 13, 2024.

Slow growth, high debt - troubled UK economy awaits election winners

William Schomberg, Sumanta Sen and Pasit Kongkunakornkul |Updated 42 minutes ago |4 min read

By William Schomberg, Sumanta Sen and Pasit Kongkunakornkul LONDON (Reuters) - Britain's national election, expected later this year, will take place against a backdrop of persistently slow economic growth, high public debt and little room to ...

Vietnam continues support for bank engulfed in massive fraud, central bank says

Reuters |Updated 42 minutes ago |1 min read

HANOI (Reuters) - Vietnam's central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits. Reuters reported on ...

Storm clouds gather over the U.S. Federal Reserve Building before an evening thunderstorm in Washington June 9, 2006.

Fed's rate-cut foot-dragging grates on global peers at IMF meetings

Marcela Ayres, Leika Kihara and Karin Strohecker |Updated 1 hour ago |4 min read

By Marcela Ayres, Leika Kihara and Karin Strohecker WASHINGTON (Reuters) - Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-cut expectations as U.S. inflation data roils ...

A tourist boat travels on the River Seine near the Alma bridge with the Eiffel Tower in the background at night in Paris, France, April 18, 2024.

Analysis-Big investors steer clear of French debt as government finances creak

Dhara Ranasinghe, Yoruk Bahceli |Updated 1 hour ago |4 min read

By Yoruk Bahceli and Dhara Ranasinghe (Reuters) - Some of the world's biggest investors are staying away from France's government debt, feeling underpaid to take on exposure to its deteriorating public finances. France's budget deficit came in ...

Korean Finance Minister Choi Sang-mok speaks during a trilateral meeting with U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024.

South Korea Finance Minister: to take immediate, decisive response to FX volatility

Reuters |Updated 2 minutes ago |1 min read

SEOUL (Reuters) - South Korea's finance minister said on Friday authorities would take immediate and decisive action if needed to respond to excessive volatility in the foreign exchange market. Minister Choi Sang-mok said authorities would stand ...

A worker stands on a container at Tanjung Priok Port in Jakarta, Indonesia, January 11, 2021. Picture taken January 11, 2021.

Indonesia's trade surplus seen widening in March as imports ease: Reuters poll

Reuters |Updated 1 hour ago |1 min read

JAKARTA (Reuters) - Indonesia's trade surplus is estimated to have widened in March as imports were seen easing from a seasonally high demand in the prior month, a Reuters poll showed on Friday. The poll, which surveyed 14 economists between ...