08:22 AM EDT, 08/30/2024 (MT Newswires) -- The Bank of Canada (BoC) initiated the current easing cycle at the June 5 meeting on the basis that recent data has increased our confidence that inflation will continue to move towards the 2% target, noted ING. This was followed up by a second cut on July 24, justified by data showing broad...

07:33 AM EDT, 08/30/2024 (MT Newswires) -- (Updates with comment from Alibaba ( BABA ) in the fifth paragraph.) Chinese regulators said Friday that Alibaba Group Holding ( BABA ) had been cleared of allegations of monopolistic practices after a three-year investigation. China's State Administration for Market Regulation said the company had corrected its practices after it had been ordered...

QUITO, Sept 2 (Reuters) - General Motors' ( GM ) factory in Ecuador will shutter production on Friday amid pressure from local competitors, but will still sell vehicles in the Andean country. The Cadillac and Chevrolet maker said in April it would close its production operations in Ecuador and neighboring Colombia. General Motors' ( GM ) OBB plant in Quito...

Sept 2 (Reuters) - Dozens of U.S. hotels faced disruptions during Monday's busy Labor Day public holiday as over 10,000 workers went on strike after contract talks stalled, employees and the Unite Here union said. Wearing red shirts and banging buckets, Unite Here members picketed outside Hilton Worldwide ( HLT ), Hyatt Hotels ( H ) and Marriott International (...