World markets mixed after strong earnings, data lift Wall St

Shares were mixed in Europe and Asia on Tuesday after strong corporate earnings and data lifted stocks on Wall Street.

London, Paris and Hong Kong advanced while Frankfurt declined. Tokyo and Shanghai were closed for holidays.

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  • Statistics Canada to reveal inflation figure for June after hot May reading

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    OTTAWA -- Statistics Canada will say this morning how the country's headline inflation barometer fared in June after prices in May rose at their fastest annual rate in a decade. May's 3.6 per cent increase in the consumer price index was the largest yearly increase since May 2011 and outpaced the 3.4 per cent reading in April. Source
  • Annual rate of inflation hits 3.1% in June, down from May high

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    OTTAWA -- Statistics Canada says the annual rate of inflation hit 3.1 per cent in June. The reading for the consumer price index is down from the 3.6 per cent recorded in May, which was the largest yearly increase in a decade. Source
  • Asian stocks sink after Wall St pulls back from record

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    BEIJING -- Asian stock markets declined Wednesday after Wall Street pulled back from a record as investors awaited a Federal Reserve report for signs of when U.S. stimulus might be withdrawn. Investors also were uncertain how much farther China will go with a regulatory crackdown that set off a slide in its internet share prices. Source
  • Global stocks mixed after Wall St pulls back from record

    Economic CTV News
    BEIJING -- Global stock markets were mixed Wednesday after Wall Street pulled back from a record as investors awaited a Federal Reserve report for signs of when U.S. stimulus might be withdrawn. Investors also were uncertain how much farther China will go with a regulatory crackdown that set off a slide in its internet share prices. Source
  • Apple posts a record June quarter thanks to iPhone sales

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    More than 14 years after they were first introduced, iPhones are still very much in demand. Apple on Tuesday announced a massive earnings beat for the three months ended June 26, thanks to a nearly 50% year-over-year jump in iPhone sales to US$39.6 billion. Source
  • 'Pathetic and disgraceful': U.S. lawmakers blast Coca-Cola, Visa and others over Beijing Olympics

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    WASHINGTON -- A bipartisan Congressional panel blasted U.S.-based corporate sponsors of the 2022 Beijing Winter Olympics on Tuesday, including Coca-Cola, Visa Inc. and Airbnb, accusing them of putting profits ahead of accusations of genocide in China. Source
  • Indigenous-owned chip company in Manitoba will soon be on store shelves across Canada

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    WINNIPEG -- People across the country could soon be experiencing a chip that was created by a Manitoba-based, Indigenous-owned company. Alfred Lea, who started the Native Canadian Chip Corporation, created Tomahawk Chips in 2015. The chips have mainly been sold in Manitoba, Ontario, California and on Amazon, but that will soon change thanks to a partnership with Star Wholesale Ltd. Source
  • IMF forecasts 6 per cent global growth this year as economies reopen

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    WASHINGTON -- The International Monetary Fund is sharply upgrading its economic outlook this year for the world's wealthy countries, especially the United States, as COVID-19 vaccinations help sustain solid rebounds from the pandemic recession. But the 190-country lending agency has downgraded its forecast for poorer countries, most of which are struggling to vaccinate. Source
  • Australian company BHP makes takeover bid for Canada's Noront Resources

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    Another Australian company is moving forward with a takeover bid for Noront Resources, with a cash offer for all outstanding and issued shares of the Canadian company. Noront's board of directors is recommending shareholders accept the offer from BHP, which would pay 55 cents cash for each share. Source
  • Frank's RedHot Buffalo Ranch Seasoning voluntarily recalled due to possible salmonella contamination

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    TORONTO -- The company that produces Frank’s RedHot Buffalo Ranch Seasoning has issued a voluntary recall of the product due to possible salmonella contamination. McCormick & Company, Inc. announced on Monday that it has issued the recall after being informed of the potential risk by the U.S. Source