Aug 24, 2023
US regulator aims to improve safety of gas distribution pipelines

(Reuters) - The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) on Thursday proposed new measures to bolster the safety requirements of gas distribution pipelines. The PHMSA issued a Notice of Proposed Rulemaking (NPRM), outlining updated regulations…

Aug 23, 2023
Shares jump as Nvidia results shine, bond yields retreat

By Koh Gui Qing and Marc Jones NEW YORK/LONDON (Reuters) -The euro clung to a more than two-month low while world stocks rebounded on Wednesday, while tech darling Nvidia jumped 8% in trading after the bell, hitting an all-time high…

Aug 23, 2023
US new home sales rise in July, prices fall on annual basis

By Safiyah Riddle (Reuters) -Sales of new U.S. single-family homes rose in July, as an acute shortage of existing homes drove buyers to new units. New home sales shot up 4.4% to a seasonally adjusted annual rate of 714,000 units…

Aug 23, 2023
Canada June retail rise a notch on autos but trend is weak

By Steve Scherer and Dale Smith OTTAWA (Reuters) -Canadian June retail sales grew by 0.1% from the previous month driven mostly by car sales, data showed on Wednesday, a sign of weak consumer spending that could convince the central bank…

Aug 23, 2023
Investors expect ECB rate-hike pause in September after dismal PMIs

By Yoruk Bahceli (Reuters) -Traders on Wednesday firmed up bets that the European Central Bank would pause hiking interest rates in September, as sharp contractions in business activity pointed to deepening economic pain in Europe. Traders now price in a…

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