Tag: business news today usa

Ash from Russian volcano prompts BC, Alaska flight cancellations – Business News

Volcano cancels flights

The Canadian Press – | Stories: 421289

Some flights out of northern British Columbia are canceled due to ash from a Russian volcano that erupted thousands of kilometers away.

Air Canada says it is monitoring the ash cloud from the Shiveluch Volcano, which caused the cancellation of some of its regional flights to and from Prince Rupert and Terrace on Thursday.

It says in an email that more schedule adjustments could occur depending on the direction of the ash cloud.

The volcano on Russia’s Kamchatka Peninsula erupted

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3 things the Bank of Canada told us at its press conference

Three observations that shed light on the central bank’s thinking

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Published April 13, 2023 • Last updated 2 days ago • 6 minute read

Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers leave a news conference after announcing an interest rate decision in Ottawa on April 12, 2023.
Bank of Canada governor Tiff Macklem and senior deputy governor Carolyn Rogers leave a news conference after announcing an interest rate decision in Ottawa on April 12, 2023. Photo by REUTERS/Blair Gable

Once a quarter, the Bank of Canada simultaneously updates its policy, releases a new quarterly economic outlook and sends the governor and the senior deputy governor

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Business confidence in Pakistan at record low

Karachi, April 8 (IANS) Business confidence in Pakistan continued to slide in the first three months of 2023 amid multiple economic crises, according to the latest edition of the Gallup Business Confidence Index.

“Last year’s political instability has carried over to combine with various economic crises and exacerbated business insecurity,” Dawn news quoted the survey as saying.

Wave-9 of the survey is based on interviews with around 520 business owners conducted in the first quarter of 2023 across Pakistan.

The exercise consists of three broad strands, namely the current business situation, the future business situation and the direction of the

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The Bank of Canada is ready to step in if the global financial crisis causes ‘spillovers’ to banks here

The Bank of Canada is ready to defend Canadian banks from a global financial meltdown if the current banking crisis in the US and Europe spills into Canada, but the central bank does not think they will have to step in.

Speaking on Wednesday at the National Bank Financial Services Conference, Bank of Canada deputy governor Toni Gravelle declared that the bank was “ready to act in the event of severe market-wide stress and provide liquidity support to the financial system.”

He specifically referred to the near-collapse of the British pension system last September following disruptive tax cuts by then

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Scandal-plagued Japan tech giant Toshiba accepts buyout offer – Business News

Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.

If the proposal succeeds, it will be a major step in Toshiba’s years long turnaround effort, allowing it to go private and delisted from the Tokyo Stock Exchange. But overseas activist investors own a significant part of Toshiba’s shares, and it’s unclear if they will be happy with the latest bid.

Tokyo-based Toshiba Corp. announced its board accepted the bid at 4,620 yen ($36) a

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Pizza parlor closes, breakfast place opens, more in Lubbock business news

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Alana Edgin is a business reporter for the Avalanche-Journal, as seen Tuesday, June 14, 2022, at the Lubbock Avalanche-Journal.

Hello AJ readers!

This week, when one door closes, two more open – at least in Lubbock’s business community.

On March 19, the owners of 1000 Degrees Pizza on Indiana Avenue announced that the restaurant would close permanently. The business stated they would be open while supplies last, then close by the end of March. Once closed, there will be no 1000 Degrees Pizza in Lubbock.

Two businesses opened or will open their doors soon. Scooters Coffee, 8101 Indiana Ave., held

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US New Home Sales Increase From Downwardly Revised Level In February

New home sales in the US increased from a significantly downwardly revised level in the month of February, according to a report released by the Commerce Department on Thursday.

The report said new home sales climbed by 1.1 percent to an annual rate of 640,000 in February after jumping by 1.8 percent to a downwardly revised rate of 633,000 in January.

Economists had expected new home sales to pull back to an annual rate of 645,000 from the 670,000 originally reported for the previous month.

The increase was partly due to strength in the West, where new home sales spiked

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First Citizens Bank Charitable Foundation anounces donations

First Citizens Charitable Foundation, Inc. announced in a press release that 45 area organizations were the recipients of $149,950 in donations in December 2022 and January 2023.

Recipients include the following: Project Flo Association $2,000; Charles City Community Schools $1,000; Immaculate Conception School $2,000; Floyd County Historical Society $2,000; National 19th Amendment Society $5,000; Friends of Winnebago County Conservation Foundation, Inc. $5,000; YSS Francis Lauer $4,000; Mason City Fire Department $5,500; St. Ansgar Historic School Project (South Square) $1,000; Greater Iowa Youth For Christ $10,000; IOOF Home and Community Therapy Center $1,000; Grace Church $1,000; North Iowa Christian School $10,000;

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