Canada, US Must Be United Against 'assertive China' -PM Trudeau
OTTAWA, March 24 (Reuters) - The United States and Canada must together build a North American market on everything from semiconductors to solar panel batteries, in the face of growing competition, including from an "increasingly assertive China," Prime Minister Justin Trudeau said on Friday.
"Gold is set to shine through the market chaos with expectations around the Fed cutting rates in 2023, fuelling upside gains," Otunuga said, adding that a potent fundamental spark is needed to conquer the $2,000 psychological level and the March 2022 peak to hit a record high.
(Reporting by Andrea Shalal; writing by Jasper Ward; editing by Tim Ahmann) "Make no mistake: the United States does not ... seek conflict with Iran, but be prepared for us to act forcefully to protect our people," Biden told reporters during an official visit to Canada.
About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania were let go due to a reduction or elimination in evening and weekend shifts, the spokesperson said.
The Fed on Wednesday raised interest rates by 25 basis points, as expected, but took a cautious stance on the outlook because of banking sector turmoil even as Fed Chair Jerome Powell kept the door open on further rate rises if necessary.
The spokesperson said impacted workers would be paid for 90 days to find jobs at other facilities, including those in Joliet, Illinois, and Lancaster, Texas, where the company has opened up new high-tech e-commerce distribution centers.
TAIPEI, March 23 (Reuters) - Taiwan Foreign Minister Joseph Wu said on Thursday that President Tsai Ing-wen's meeting with U.S.
House Speaker Kevin McCarthy in the United States is still in the process of being arranged.
Toshiba's board, which includes representatives from Paul Singer's Elliott Management and Farallon Capital Management, formally accepted JIP's offer of 4,620 yen a share, Toshiba said in a statement on Thursday, valuing it at 2 trillion yen ($15.2 billion).
On a post-earnings call in February, Walmart CEO Doug McMillon said he was 'most excited about the automation opportunity we have' with plans to increase investments in automation technology as part of its more than $15-billion capital expenditure budget this year.
March 27 (Reuters) - UK equities surged on Monday, helped by a gain in bank stocks on renewed hopes that the turmoil in the sector will be contained following the buyout of Silicon Valley Bank, while Standard Chartered jumped after agreeing to sell its Jordanian business.
Walmart has been investing heavily in automation over the past few years, partnering with automation companies such as Knapp to help it cut down the number of steps it takes employees to process e-commerce orders to five from 12, which has been implemented at its Pedricktown, New Jersey location, for instance.
"Banks have been under an immense amount of pressure. SVB and Credit Suisse put banks under a microscope on the impact that higher rates would have on certain credits," said Victor Balfour, investment strategist at Rothschild & Co.
OTTAWA, March 24 (Reuters) - U.S.
President Joe Biden on Friday said the United States is prepared to "act forcefully" to protect Americans, commenting after the U.S. military carried out air strikes against Iran-backed forces in retaliation for an attack that killed an American contractor and wounded five U.S.
Chiba Bank Ltd lost 1.2% and Shizuoka Financial Group Inc declined 1.06%. Sumitomo Mitsui Financial Group Inc fell 1.01%. Concordia Financial Group Ltd was Nikkei's worst-performing financial stock, losing 1.68%.
March 27 (Reuters) - European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stability after the collapse of Credit Suisse and two U.S.
March 27 (Reuters) - European stocks rallied in early deals on Monday, as calm descended on markets following a turbulent week for banking shares that was fuelled by worries about stability in the sector after the collapse of Credit Suisse and Silicon Valley Bank.
'We recently adjusted staffing levels to better prepare for the future needs of customers,' Walmart said in a statement, adding that it would work closely with affected associates to find jobs at other locations.
