Markets & Finance News

Chile's opposition-controlled Senate on Thursday approved a government-backed bill that would allow citizens to make a second withdrawal from their public pensions to further blunt the economic impact of the coronavirus pandemic.

Canada's economy could rebound faster than expected if consumer spending jumps in the wake of a successful coronavirus vaccination effort, Bank of Canada Governor Tiff Macklem said on Thursday.

Canada's main stock index rose to a nine-month high on Thursday as declines in energy stocks were offset by gains in major technology and mining players, while a U.S. market holiday kept trading volumes low.

Ascena Retail Group, which owns clothing brands such as Ann Taylor and Loft, said on Thursday it will be acquired by Premium Apparel LLC for $540 million on a cash-free and debt-free basis.

Mexican oil giant Pemex is about to start the process of contracting an oil hedge for 2021, a senior source at the company told Reuters, after the previous two hedges delivered bumper payouts for the highly-indebted company.

The Canadian dollar edged lower against the greenback on Thursday as the rally in oil lost some momentum, but the currency held near a two-week high it notched the da

Developers of the Sputnik V COVID-19 vaccine said on Thursday that AstraZeneca should try combining its experimental shot with the Russian one to boost efficacy.

Brazil's real ticked higher on Thursday after encouraging comments from the central bank president, while most other Latin American units edged lower as optimism over a coronavirus vaccine waned. The real added 0.3% after central bank president Roberto Campos Neto said the currency l

Hungary and Poland said on Thursday the EU could not attach rule-of-law conditions to funds unless the bloc changed its founding treaty, digging in their heels after vetoing the EU budget and a coronavirus recovery fund earlier this month.

European shares moved little on Thursday as an extension of coronavirus restrictions in Germany and a grim growth forecast for the United Kingdom brought the focus back to the near-term economic damage caused by the COVID-19 pandemic.