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  • Business
    Bloomberg

    Jobs Report Lands at Center of Australia’s Rate-Hike Debate

    (Bloomberg) -- Australia’s central bank Governor Philip Lowe is anchoring his bet that he won’t need to raise interest rates until 2024 on a view that unemployment needs to be lower to spur wage gains.Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesWhere Did All the Public Bathrooms Go?Do Prisons Deserve a Second Chance?COP26 Protests: Inflatable Cows, Megaphones and a RainbowThe Rising Pacific Forces a Native Village to Move. Who Will Pay?That makes Thursd

  • Business
    Bloomberg

    Coinbase Slumps After Reporting Lower-Than-Forecast Revenue

    (Bloomberg) -- Coinbase Global Inc. shares fell nearly 12% in postmarket trading after the biggest U.S. digital-asset exchange reported worse-than-forecast results following a summertime swoon in the volatile cryptocurrency market. Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesWhere Did All the Public Bathrooms Go?Do Prisons Deserve a Second Chance?COP26 Protests: Inflatable Cows, Megaphones and a RainbowThe Rising Pacific Forces a Native Village to Move.

  • Business
    The Canadian Press

    Vermilion plans to reinstate dividend in early 2022 despite $147.1 million Q3 loss

    CALGARY — Vermilion Energy Inc. says it plans to reinstate its dividend in the first quarter of 2022 even though its net loss more than doubled in its latest quarter despite a big increase in revenues. The oil and gas producer says the payout, subject to final board approval, will be five to 10 per cent of fund flows from operations. The Calgary-based company says it lost $147.1 million or 91 cents per share in the third quarter, compared with a loss of $69.9 million or 44 cents per share a year

  • Business
    The Canadian Press

    Online sales push Indigo revenues to $238.8 million in Q2, above pre-pandemic levels

    TORONTO — Books and lifestyle retailer Indigo Books and Music Inc. says a surge in online purchases helped revenues to surpass pre-pandemic levels in its latest quarter. The Toronto-based company says revenues for the three months ended Oct. 2 were $238.8 million, up from $205.3 million in the second quarter of 2020 despite occupancy constraints in several key markets. Indigo says the revenue improvements came from its e-commerce business, which grew 85 per cent from the prior-year quarter. Whil