By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Price inflation in the United States fell to an eight-month low in January at an annualized rate of 2.4 per cent, the Bureau of Labor Statistics reported on Friday. That’s also down from 2.7 per cent in December. Economists ahead of the report predicted the U.S. consumer price index for January was to slip to 2.5 per cent.
- U.S. Secretary of State Marco Rubio said the “old world is gone” as he departed to the Munich Security Conference on Thursday. Rubio’s remarks closely resembled those by Canadian Prime Minister Mark Carney at the World Economic Forum, for which he was rebuked by the White House. After arriving in Munich, Rubio met with Chinese Foreign Minister Wang Yi to discuss President Donald Trump’s visit to China in early April.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…
- The conservative Bangladesh Nationalist Party scored a landslide victory in the country’s general election on Thursday. The election came after the 2024 uprising that ousted Prime Minister Sheikh Hasina. The BNP, led by Tarique Rahman, won 212 out of the 299 seats available by promising clean politics and zero tolerance for corruption.
- Russia confirmed on Friday that the next round of peace talks with Ukraine will be Feb. 17-18 in Geneva. Ukrainian President Volodymyr Zelenskyy spoke of the talks on Thursday, but the Kremlin had yet to acknowledge they would participate. Delegations from both countries along with one from the U.S. will meet for the third time after previous talks failed to end Russia’s invasion of Ukraine.
