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The Central Bank of Peru said it bought $140 million in the spot market.December 24th - According to the minutes of Tuesdays meeting, prior to the December 10th interest rate decision, the Bank of Canadas Governing Council unanimously agreed that it was difficult to predict whether the next interest rate move would be a hike or a cut. The seven-member interest rate decision committee concluded that two key reasons were the unpredictability of US trade policy and the recent volatility in economic data. At the December meeting, the committee agreed to maintain the interest rate at 2.25%, believing that this level was appropriate to keep inflation near the central banks 2% target, given that the current economic outlook was largely in line with expectations. The Bank of Canada stated that it was prepared to take further action if necessary, whether to curb price increases or boost the weak economy. Money markets predicted that the Bank of Canadas next move would be a 25 basis point rate hike, possibly as early as October 2026. The minutes also showed that the Governing Council considered the 2026 review of the USMCA (United States-Mexico-Canada Agreement) a "significant risk," and the uncertainty of the outcome could dampen business investment.Bank of Canada meeting minutes: GDP is expected to be weak in the fourth quarter.Bank of Canada meeting minutes: Uncertainty felt by the Governing Council before and after the USMCA negotiations is likely to drag down business investment.Bank of Canada meeting minutes: Given recent volatility, the Governing Council agreed to exercise caution in interpreting the data.

CNN+ Streaming Service Will Be Discontinued by Warner Bros. Discovery

Haiden Holmes

Apr 22, 2022 10:00

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The business, which aimed to capitalize on the growing popularity of streaming video and digital news subscriptions, will discontinue operations on April 30. Andrew Morse, the executive who assisted in developing CNN's streaming strategy, will also resign.


"CNN will be most successful as part of WBD's streaming strategy, which views news as a critical component of a compelling larger offering alongside sports, entertainment, and nonfiction programming," CNN Worldwide Chairman and CEO Chris Licht said in a statement. "As a result, we have decided to suspend CNN+ activities."


CNN will concentrate its resources on its core newsgathering activities and the development of CNN Digital, according to Licht.


CNN+ premiered late last month, including recognizable names like Anderson Cooper and Chris Wallace, as well as original programming and innovative features like the "Interview Club." However, it got off to a sluggish start, with just 10,000 viewers each day.


Its March 29 launch, just days before parent firm WarnerMedia's April 8 merger with Discovery, generated doubts about the program's future as a standalone service.


J.B. Perrette, worldwide streaming president at Warner Bros Discovery, said in a statement that the CNN brand and content would be integrated into a more complete streaming offering. Additionally, the corporation offers HBO Max and Discovery+, two services that the company has said it intends to merge.

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