Category: Business

  • A Struggling EV Startup’s Journey

    A Struggling EV Startup’s Journey

    Discover the struggles and challenges faced by EV startup Arrival on its ambitious journey to revolutionize the industry. From layoffs to terminated partnerships, delve into the obstacles that have impacted the company’s growth and market capitalization. Can Arrival fulfill its ambitious plans?

  • Tesla to Display Cybertruck in China

    Tesla to Display Cybertruck in China

    Witness the futuristic Tesla Cybertruck up close in China! Tesla is displaying the electric pickup truck on a tour in various cities, but availability for purchase may be limited due to regulatory factors. Submit your preferred city for the Cybertruck’s debut before March 31 and be amazed by its eye-catching polygonal design.

  • Analyst View: Investors divided over Mexico’s bailout of state oil company

    Analyst View: Investors divided over Mexico’s bailout of state oil company

    [ad_1] MEXICO CITY (Reuters) – The Mexican government promised on Friday to do what it takes to strengthen the finances of ailing state oil company Petroleos Mexicanos with an injection of at least $3.6 billion to prevent a further credit downgrade. FILE PHOTO: Clients get fuel at a gas station of state-owned company Petroleos Mexicanos…

  • Starboard gauges Bristol-Myers shareholder support for Celgene deal

    Starboard gauges Bristol-Myers shareholder support for Celgene deal

    [ad_1] (Reuters) – Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker’s $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday. FILE PHOTO: Jeff Smith, CEO and chief investment officer of…

  • B.C. gas pipeline on hold as company investigates Indigenous artifacts claim

    B.C. gas pipeline on hold as company investigates Indigenous artifacts claim

    [ad_1] Construction on a controversial gas pipeline project in British Columbia’s northern Interior has been suspended while the company investigates claims that Indigenous artifacts were found on a work site.  The Unist’ot’en Clan of the Wet’suwet’en Nation says it found two stone tools where TransCanada-owned Coastal Gaslink is currently building the camp that will house workers near Houston, B.C.  …

  • Mattel warns of weak 2019, shares drop most in 20 years

    Mattel warns of weak 2019, shares drop most in 20 years

    [ad_1] (Reuters) – Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades. The forecast comes barely a week after the company said strong holiday sales of Barbie drove a surprise…

  • B.C. gas pipeline on hold after Indigenous tools found on construction site

    B.C. gas pipeline on hold after Indigenous tools found on construction site

    [ad_1] Construction on a controversial gas pipeline project in British Columbia’s northern Interior has been suspended while the company investigates claims that Indigenous artifacts were found on a work site.  The Unist’ot’en Clan of the Wet’suwet’en Nation says it found two stone tools where TransCanada-owned Coastal Gaslink is currently building the camp that will house workers near Houston, B.C.  …

  • Payless ShoeSource to start liquidation sales at stores

    Payless ShoeSource to start liquidation sales at stores

    [ad_1] FILE PHOTO: A Payless ShoeSource store logo is pictured in the Manhattan borough of New York, New York, U.S. April 4, 2017. REUTERS/Carlo Allegri/File Photo (Reuters) – U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down…

  • Amazon invites Ocasio-Cortez for tour, calls worker claims untrue

    Amazon invites Ocasio-Cortez for tour, calls worker claims untrue

    [ad_1] FILE PHOTO: Rep. Alexandria Ocasio-Cortez (D-NY) looks on during a march organised by the Women’s March Alliance in the Manhattan borough of New York City, U.S., January 19, 2019. REUTERS/Caitlin Ochs/File Photo WASHINGTON (Reuters) – A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face “dehumanizing…

  • Canada’s main stock index reaches highest level since Oct. 5

    Canada’s main stock index reaches highest level since Oct. 5

    [ad_1] Canada’s main stock index posted a triple-digit gain Friday after oil hit a three-month high to extend the market’s winning streak to six weeks. The S&P/TSX composite index closed up 142.26 points to 15,838.24, after hitting a peak during the day of 15,866.60. That’s the highest level since Oct. 5. The Toronto market is just…

  • Wall Street rallies on trade optimism

    Wall Street rallies on trade optimism

    [ad_1] NEW YORK (Reuters) – Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war. All three major U.S. indexes ended the session higher, and for the fourth…

  • TSX rises 0.91 percent | Reuters

    TSX rises 0.91 percent | Reuters

    [ad_1] FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren NEW YORK (Reuters) – * The Toronto Stock Exchange’s  S&P/TSX rose 142.26 points, or 0.91 percent, to 15,838.24. * Leading the index were Toromont Industries Ltd, up 10.0 percent, Sierra Wireless Inc, up 9.7 percent, and Lundin…

  • Mattel shares plunge as 2019 forecast disappoints

    Mattel shares plunge as 2019 forecast disappoints

    [ad_1] (Reuters) – Mattel Inc on Friday issued a disappointing 2019 forecast, barely a week after posting a surprise quarterly profit, triggering an 18 percent drop in its shares. FILE PHOTO: A worker carries Barbie dolls to put them on the shelves at a toy store in Caracas November 14, 2014. REUTERS/Carlos Garcia Rawlins/File Photo…

  • Wall Street rallies on trade hopes

    Wall Street rallies on trade hopes

    [ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer…

  • BlackBerry, federal government pour $350M into autonomous cars

    BlackBerry, federal government pour $350M into autonomous cars

    [ad_1] BlackBerry and the federal government are spending a combined $350 million on autonomous vehicle technology, which they say will create hundreds of new jobs and co-op placements. Prime Minister Justin Trudeau made the announcement alongside BlackBerry CEO John Chen Friday morning at the BlackBerry campus in west Ottawa’s Kanata North neighbourhood. BlackBerry pledged $310.5 million to create 800…

  • Exotic car sales in overdrive in Toronto, say dealers at the Canadian International AutoShow

    Exotic car sales in overdrive in Toronto, say dealers at the Canadian International AutoShow

    [ad_1] Exotic car dealers say they’ve had bumper years for sales recently thanks to Toronto’s strong economy, crediting well-heeled newcomers who are driving an increasing demand for cars that may be unaffordable for most people. At the Auto Exotica exhibit of the Canadian International AutoShow, 28 exotic cars with a combined value of more than $30 million are…

  • Aphria review of acquisitions at centre of short seller allegations finds price paid was on the high end

    Aphria review of acquisitions at centre of short seller allegations finds price paid was on the high end

    [ad_1] Cannabis company Aphria Inc. says a review of recent transactions that a short seller cast doubt on has found the company paid a high price for the assets in question, and certain company directors had “conflicting interests” in the deals that weren’t disclosed at the time.  The Leamington, Ont.-based company revealed the results on Friday of a special committee of independent…

  • Progress in U.S.-China trade talks sparks world stock rally

    Progress in U.S.-China trade talks sparks world stock rally

    [ad_1] NEW YORK (Reuters) – Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds. Europe’s broad Stoxx 600 index rallied 1.3 percent. In early trading on Wall Street, the Dow Jones Industrial Average rose 303.2 points, or 1.19 percent,…

  • Amazon places big bet on aspiring Tesla rival Rivian

    Amazon places big bet on aspiring Tesla rival Rivian

    [ad_1] DETROIT/SAN FRANCISCO (Reuters) – Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant’s biggest bet on technologies with potential to reshape the automotive sector. FILE PHOTO: Rivian introduces R1T all-electric pickup truck at Los Angeles Auto Show in…

  • Alphabet unit wants share of property taxes for Toronto smart city: report

    Alphabet unit wants share of property taxes for Toronto smart city: report

    [ad_1] FILE PHOTO: Daniel Doctoroff, Chief Executive Officer of Sidewalk Labs, poses for a portrait in Toronto, Ontario, Canada, April 6, 2018. REUTERS/Carlo Allegri TORONTO (Reuters) – Alphabet Inc’s Sidewalk Labs unit is seeking a share of property taxes, development fees, and the rising value of Toronto city land as part of a deal to…

  • Mexico to pump $3.6 billion to relieve ailing Pemex, more if needed

    Mexico to pump $3.6 billion to relieve ailing Pemex, more if needed

    [ad_1] MEXICO CITY (Reuters) – Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said Friday, promising to do “whatever is takes” to strengthen its finances and prevent a further credit downgrade. FILE PHOTO: A gas station of state oil firm Petroleos Mexicanos (Pemex), which…

  • Nvidia forecasts demand rebound, Wall Street not so sure

    Nvidia forecasts demand rebound, Wall Street not so sure

    [ad_1] (Reuters) – Nvidia Corp’s forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was “aggressive” given weak demand and the ongoing U.S.-China trade war. FILE PHOTO: The logo of technology company Nvidia…

  • U.S. trade talks with China to continue as Beijing meeting made progress

    U.S. trade talks with China to continue as Beijing meeting made progress

    [ad_1] Talks between China and the United States to resolve their bruising trade war will continue next week in Washington, with both sides saying this week’s negotiations in Beijing made good progress. Still, Washington appeared committed to a March 1 deadline to reach a deal or raise tariffs on certain Chinese goods, despite U.S. President…

  • Mexico to pump $3.6 billion into ailing oil firm Pemex in relief plan

    Mexico to pump $3.6 billion into ailing oil firm Pemex in relief plan

    [ad_1] FILE PHOTO: A gas station of state oil firm Petroleos Mexicanos (Pemex), which is closed due shortage of fuel, is pictured in Guadalajara, Mexico January 6, 2019. REUTERS/Fernando Carranza MEXICO CITY (Reuters) – Mexico’s government will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes paid, company officials said on…

  • Xi says trade talks progress, more meetings next week in U.S

    Xi says trade talks progress, more meetings next week in U.S

    [ad_1] BEIJING (Reuters) – Talks between China and the United States this week made important progress, President Xi Jinping told top U.S. trade negotiators on Friday, adding that efforts would continue in Washington next week to resolve their bruising trade war. Xi met U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin after…

  • European shares climb after progress in U.S.-Sino trade talks

    European shares climb after progress in U.S.-Sino trade talks

    [ad_1] LONDON (Reuters) – European shares rose on Friday amid encouraging signs from U.S.-China trade talks, after weak data from both countries sent world stocks into a dive. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid Europe’s STOXX 600 gained…

  • PepsiCo forecasts surprise drop in 2019 adjusted profit

    PepsiCo forecasts surprise drop in 2019 adjusted profit

    [ad_1] FILE PHOTO – Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo (Reuters) – PepsiCo Inc forecast a surprise drop in full-year profit on Friday, hit by a stronger dollar, increased investments in its business and a higher tax bill. Operating profit at Pepsi’s…

  • Euronext confident ‘dual-listed’ trading to continue after Brexit

    Euronext confident ‘dual-listed’ trading to continue after Brexit

    [ad_1] LONDON (Reuters) – The trading of dual-listed shares in Britain by European investors is expected to continue after Brexit, a senior official at pan-European exchange Euronext has said. FILE PHOTO: The logo of stock market operator Euronext is seen in the financial district of La Defense in Courbevoie, near Paris, France, May 14, 2018.…

  • Hong Kong company sorry after ‘vacuum cleaner for her’ HSBC Valentine offer

    Hong Kong company sorry after ‘vacuum cleaner for her’ HSBC Valentine offer

    [ad_1] LONDON (Reuters) – Hong Kong telecoms company HKT apologized after a Valentine’s day deal it sent to HSBC staff offering discounted laptops “for him” but vacuum cleaners and kitchen appliances “for her” angered employees over its sexist implications. A Valentine’s day special deal for HSBC staff in Hong Kong offering discounted vacuum cleaners and…

  • Lloyds Bank hires Morgan Stanley banker Chalmers as CFO

    Lloyds Bank hires Morgan Stanley banker Chalmers as CFO

    [ad_1] FILE PHOTO: Morgan Stanley’s Head of UK Financial Institutions Group William Chalmers speaks at the Reuters Global Finance Summit in London November 11, 2008. REUTERS/Kieran Doherty LONDON (Reuters) – Britain’s biggest mortgage lender Lloyds Banking Group has hired senior Morgan Stanley banker William Chalmers as its new chief financial officer. Chalmers will replace the…

  • China’s President Xi meets top U.S. trade delegation officials

    China’s President Xi meets top U.S. trade delegation officials

    [ad_1] Chinese President Xi Jinping, speaks as he meets with U.S. Trade Representative Robert Lighthizer, second from left, U.S. Treasury Secretary Steven Mnuchin, left, and Chinese officials at the Great Hall of the People in Beijing, China February 15, 2019. Andy Wong/Pool via REUTERS BEIJING (Reuters) – Chinese President Xi Jinping met U.S. Trade Representative…

  • Is it the early days of a real estate revolution? Online realtor Redfin launches in Canada

    Is it the early days of a real estate revolution? Online realtor Redfin launches in Canada

    [ad_1] U.S. real estate brokerage firm Redfin launched in Canada this week — a firm that positions itself as a tech-powered company ready to shake up the way consumers buy and sell homes. Founded in 2004, the Seattle-based Redfin is looking to challenge to conventional brokerages through its primarily online operation and one per cent listing fee. The company offers a suite of online tools, including 3D video tours, but also hires agents on salary, who offer the same…

  • Mnuchin says U.S. had ‘productive’ trade meetings with China

    Mnuchin says U.S. had ‘productive’ trade meetings with China

    [ad_1] U.S. Treasury Secretary Steven Mnuchin speaks to the media at the White House in Washington, U.S., February 6, 2019. REUTERS/Jim Young BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had “productive meetings” with China’s Vice Premier Liu He. Mnuchin made…

  • Exclusive: China offers to end market-distorting subsidies but won’t say how

    Exclusive: China offers to end market-distorting subsidies but won’t say how

    [ad_1] BEIJING/WASHINGTON (Reuters) – China has pledged to end market-distorting subsidies for its domestic industries but offered no details on how it would achieve that goal, according to three people familiar with the U.S.-China trade talks in Beijing this week. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade…

  • Asian stocks retreat as lackluster China, U.S. data weigh

    Asian stocks retreat as lackluster China, U.S. data weigh

    [ad_1] TOKYO (Reuters) – Asian stocks fell on Friday, retreating from four-month highs after data out of China raised concerns over deflationary pressures building in the world’s second biggest economy. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato The bearish impulse appeared likely to…

  • Seizing on Huawei’s troubles, Samsung bets big on network gear

    Seizing on Huawei’s troubles, Samsung bets big on network gear

    [ad_1] SEOUL (Reuters) – Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China’s Huawei, according to company officials and other industry executives. The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji Those efforts…

  • Lyft to woo investors with fast U.S. growth in IPO race with Uber

    Lyft to woo investors with fast U.S. growth in IPO race with Uber

    [ad_1] SAN FRANCISCO/NEW YORK (Reuters) – Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter. An illuminated sign appears in a Lyft ride-hailing car in Los Angeles,…

  • As Amazon drops New York City project, progressives claim a major coup

    As Amazon drops New York City project, progressives claim a major coup

    [ad_1] NEW YORK (Reuters) – U.S. Representative Alexandria Ocasio-Cortez wasted no time on Thursday in calling Amazon’s decision to scrap plans to build a major New York outpost with nearly $3 billion in city and state incentives a big victory for progressive politicians. The democratic socialist congresswoman has become the face of the Democratic Party’s…

  • Amazon’s NY exit spurs reactions on money saved and jobs lost

    Amazon’s NY exit spurs reactions on money saved and jobs lost

    [ad_1] NEW YORK (Reuters) – Amazon.com Inc’s decision on Thursday to scrap its proposal to locate a second headquarters in the Queens borough of New York City ignited a sea of dueling reactions on Twitter, with some calling it a victory for working people while others said it meant that fewer people would work. Demonstrators…

  • Feeling unwelcome, Amazon ditches plans for New York hub

    Feeling unwelcome, Amazon ditches plans for New York hub

    [ad_1] NEW YORK (Reuters) – Amazon.com Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by state and city politicians. The company said on Thursday it did not see consistently “positive, collaborative”…

  • Starbucks launches all-day dining cafe in China

    Starbucks launches all-day dining cafe in China

    [ad_1] FILE PHOTO – People sit in a Starbucks cafe in a mall in Beijing, China, January 29, 2019. REUTERS/Thomas Peter SHANGHAI (Reuters) – Starbucks Corp said on Friday it would launch a new all-day dining cafe in China which will serve a brunch menu and cocktails, as the world’s largest coffee chain seeks to…

  • How Amazon scrapped its plans for a New York headquarters

    How Amazon scrapped its plans for a New York headquarters

    [ad_1] (Reuters) – More than a year of work to bring Amazon.com Inc’s headquarters and tens of thousands of jobs to New York City ended on Thursday with a couple of phone calls. A delivery person pushes a cart full of Amazon boxes in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid Jay Carney,…

  • Prominent investors stock up on eBay, then activists flex muscle

    Prominent investors stock up on eBay, then activists flex muscle

    [ad_1] NEW YORK (Reuters) – EBay Inc.’s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018. FILE PHOTO: The eBay app…

  • Nvidia full-year sales outlook tops analyst views; shares rise

    Nvidia full-year sales outlook tops analyst views; shares rise

    [ad_1] (Reuters) – Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading. FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo The…

  • Big hedge funds dumped China stocks, Apple as market tumbled

    Big hedge funds dumped China stocks, Apple as market tumbled

    [ad_1] NEW YORK (Reuters) – Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday. FILE PHOTO: An investor watches a board showing stock information at a…

  • Iceberg Vodka CEO baffled by bizarre heist of ancient water

    Iceberg Vodka CEO baffled by bizarre heist of ancient water

    [ad_1] In a theft fitting of the Oceans franchise, somebody has stolen 30,000 litres of iceberg water from a Canadian vodka company. Iceberg Vodka is now saying it was the rightful owner of the glacial goodness, which was allegedly stolen from a tank inside a warehouse in Port Union, a tiny town on the east coast of…

  • Warren Buffet’s company takes new stake in Canada’s Suncor

    Warren Buffet’s company takes new stake in Canada’s Suncor

    [ad_1] Billionaire Warren Buffett’s company has taken a new stake in Canadian firm Suncor Energy and trimmed its huge Apple stake. Berkshire Hathaway Inc. filed a quarterly update on holdings with the Securities and Exchange Commission on Thursday. The Omaha, Nebraska-based company said it owned 10.76 million Suncor shares at the end of last year.…

  • Explainer: What’s at stake in U.S.-China trade talks

    Explainer: What’s at stake in U.S.-China trade talks

    [ad_1] WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are in Beijing this week as Chinese and American negotiators try to hammer out a trade deal to ease a trade war and avert an increase in U.S. tariffs on Chinese goods scheduled for March 2. U.S. Trade Representative Robert…

  • Zendesk just hired three former Microsoft, Salesforce and Adobe execs – TechCrunch

    Zendesk just hired three former Microsoft, Salesforce and Adobe execs – TechCrunch

    [ad_1] Today, Zendesk announced it had hired three new executives — Elisabeth Zornes, former general manager of global support for Microsoft Office, as Zendesk’s first chief customer officer; former Adobe executive Colleen Berube as chief information officer and former Salesforce executive Shawna Wolverton as senior vice president, product. The company emphasized that the hirings were…

  • #FedValentines is back; roses, rates and job market slack

    #FedValentines is back; roses, rates and job market slack

    [ad_1] SAN FRANCISCO (Reuters) – In January, the Federal Reserve delivered what investors took as a kind of love letter, a rate-hike pause that sent stock markets soaring. On Valentine’s Day, U.S. central bankers offered tender missives of a different sort. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22,…

  • ‘We’ve been treated unfairly’: Truck convoy sets off from Alberta to protest Ottawa’s oil and gas policies

    ‘We’ve been treated unfairly’: Truck convoy sets off from Alberta to protest Ottawa’s oil and gas policies

    [ad_1] After months of pro-pipeline rallies across Alberta, a protest convoy with about 160 trucks, big and small, left Red Deer early Thursday morning for a four-day trek to Ottawa. Convoy participants and their supporters gathered before dawn, with the temperature sitting at about -25 C. Their vehicles were dressed up in banners denouncing Prime Minister Justin Trudeau…

  • Peltarion raises $20M for its AI platform – TechCrunch

    Peltarion raises $20M for its AI platform – TechCrunch

    [ad_1] Peltarion, a Swedish startup founded by former execs from companies like Spotify, Skype, King, TrueCaller and Google, today announced that it has raised a $20 million Series A funding round led by Euclidean Capital, the family office for hedge fund billionaire James Simons. Previous investors FAM and EQT Ventures also participated, and this round…

  • Possible ban on Huawei over national security could delay 5G rollout, Telus says

    Possible ban on Huawei over national security could delay 5G rollout, Telus says

    [ad_1] Telus Corp. acknowledged Thursday that the deployment of its fifth-generation wireless network could be delayed and be more expensive than anticipated if Ottawa chooses to ban equipment from Huawei Technologies Inc. The Vancouver-based company — which has used Huawei radio equipment in non-core portions of its 3G and 4G wireless networks — said it…

  • General Electric scraps plan for 12-story Boston headquarters

    General Electric scraps plan for 12-story Boston headquarters

    [ad_1] FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo NEW YORK (Reuters) – General Electric Co scrapped plans for a 12-story headquarters office tower on Boston’s waterfront on Thursday, choosing instead to lease smaller buildings…

  • Amazon pulls plug on New York City headquarters

    Amazon pulls plug on New York City headquarters

    [ad_1] (Reuters) – Amazon.com Inc abruptly scrapped plans to build a headquarters in New York after opposition from local politicians and some of its would-be neighbors, the third most-valuable public U.S. company said on Thursday. Amazon’s search for a second headquarters, which it described as HQ2, was deemed a massive, year-long public relations success, garnering…

  • Vale’s safety measures have not worked, CEO says as woes grow

    Vale’s safety measures have not worked, CEO says as woes grow

    [ad_1] BRASILIA/RIO DE JANEIRO/SAO PAULO (Reuters) – Brazilian miner Vale’s safety procedures have not worked, the company’s chief executive said on Wednesday, responding to questions from lawmakers after one of the company’s dams collapsed last month with the loss of hundreds of lives. FILE PHOTO: Members of a rescue team search for victims of a…

  • Amazon to New York City: Fuggedaboutit!

    Amazon to New York City: Fuggedaboutit!

    [ad_1] (Reuters) – Amazon.com Inc will not move forward with plans to build a headquarters in New York after rising opposition from local politicians, the third most-valuable public U.S. company said in on Thursday. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File…

  • Amazon cancels plans to build second headquarters in New York City

    Amazon cancels plans to build second headquarters in New York City

    [ad_1] Citing opposition from local politicians and community activists, Amazon abruptly announced Thursday that it has cancelled its plans to build its second headquarters in New York City. “After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens,” spokesperson Jodi Seth said. “For…

  • Xcelerate to sell third-party warranties for EVs including Teslas

    Xcelerate to sell third-party warranties for EVs including Teslas

    [ad_1] DETROIT (Reuters) – Auto leasing and financing company Xcelerate said on Thursday it has launched the first U.S. third-party extended warranties for electric vehicles, including those of market leader Tesla Inc, filling a void for used vehicles that have so far lacked such coverage. FILE PHOTO: A Tesla logo is seen at a groundbreaking…

  • ‘Mind-blowing’ gaffes at QuadrigaCX leave cryptocurrency watchers ‘gobsmacked’

    ‘Mind-blowing’ gaffes at QuadrigaCX leave cryptocurrency watchers ‘gobsmacked’

    [ad_1] Industry observers are in disbelief over the revelation the embattled QuadrigaCX cryptocurrency exchange recently lost track of more than $460,000 in crypto coins. “I’m totally gobsmacked … that such a thing could happen,” says Manie Eagar, CEO of Vancouver-based DigitalFutures, a business development consultancy that focuses on digital currency and blockchain technologies. “Whoever took…

  • Alibaba takes 8 percent stake in Chinese video platform Bilibili – Xinhua

    Alibaba takes 8 percent stake in Chinese video platform Bilibili – Xinhua

    [ad_1] FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File Photo HONG KONG (Reuters) – Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday. Alibaba’s e-commerce…

  • Airbus to halt production of A380 superjumbo due to lack of orders

    Airbus to halt production of A380 superjumbo due to lack of orders

    [ad_1] European plane-maker Airbus said Thursday it will stop making its superjumbo A380 in 2021 for lack of customers, abandoning the world’s biggest passenger jet and one of the aviation industry’s most ambitious and most troubled endeavours. Barely a decade after the double-deck, 500-plus-seat plane started carrying passengers, Airbus said key client Emirates is cutting back…

  • Wall Street set for flat open after weak retail sales data

    Wall Street set for flat open after weak retail sales data

    [ad_1] (Reuters) – U.S. stocks were set to open flat on Thursday, as a sharp drop in retail sales in December overshadowed optimism over a breakthrough in the U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid Retail sales tumbled…

  • Zoho’s office suite gets smarter – TechCrunch

    Zoho’s office suite gets smarter – TechCrunch

    [ad_1] As far as big tech companies go, Zoho is a bit different. Not only has it never taken any venture funding, it also offers more than 40 products that range from its online office suite to CRM and HR tools, email, workflow automation services, video conferencing, a bug tracker and everything in-between. You don’t…

  • Shares and oil at three-month highs but no love for euro

    Shares and oil at three-month highs but no love for euro

    [ad_1] LONDON (Reuters) – Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February…

  • Amazon faces probe into treatment of sellers in Austria

    Amazon faces probe into treatment of sellers in Austria

    [ad_1] VIENNA (Reuters) – Austria’s competition authority has begun investigating whether Amazon is exploiting its market dominance in relation to other retailers that use its website as a marketplace, it said on Thursday. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, January 19, 2019. REUTERS/Pascal Rossignol/File Photo…

  • Airbus to scrap A380 superjumbo production as sales slump

    Airbus to scrap A380 superjumbo production as sales slump

    [ad_1] TOULOUSE, France (Reuters) – Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner. The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s…

  • European shares, oil at three-month highs but no love for euro

    European shares, oil at three-month highs but no love for euro

    [ad_1] LONDON (Reuters) – Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February…

  • China, U.S. open trade talks as Beijing says exports rebound

    China, U.S. open trade talks as Beijing says exports rebound

    [ad_1] U.S. and Chinese negotiators have opened talks on a vexing trade war as Beijing reported its exports rebounded in January despite tariff hikes by President Donald Trump. Economists and business groups say the two days of negotiations that started Thursday allow too little time to resolve the array of disputes under discussion. They say…

  • Canada quietly moves to resolve steel spat with Mexico

    Canada quietly moves to resolve steel spat with Mexico

    [ad_1] Finance Minister Bill Morneau has quietly reversed a controversial decision to slap a surtax on two types of Mexican steel imports. Effective Feb. 2, Mexican energy tubular products (such as those used to build pipelines) and wire rod shipments will no longer cost an extra 25 per cent under Canada’s emergency ‘safeguard’ measures. Steel from other countries…

  • Why Quebec sees SNC-Lavalin as an asset, not a liability

    Why Quebec sees SNC-Lavalin as an asset, not a liability

    [ad_1] In Ottawa, there appears to be little sympathy these days for SNC-Lavalin, the giant engineering corporation facing prosecution for bribery schemes in Libya. The company was hoping to strike a deal with federal prosecutors in order to avoid a trial. If guilty, it would be cut off from lucrative Canadian government contracts for a…

  • Famed Cullinan mine banks on big diamonds to drive down debt

    Famed Cullinan mine banks on big diamonds to drive down debt

    [ad_1] CULLINAN, South Africa (Reuters) – The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Mine workers are seen under ground at Cullinan mine, near Pretoria,…

  • Apple to ship iPhones with only Qualcomm chips to German stores

    Apple to ship iPhones with only Qualcomm chips to German stores

    [ad_1] (Reuters) – Apple Inc said Thursday that it will resume selling older iPhone models in its stores in Germany after they were banned last year, but only with chips from Qualcomm Inc, which is in a global legal battle against the Cupertino company. FILE PHOTO: An Apple logo is seen in a store in…

  • Not time yet to discuss Nissan chairmanship, Renault’s Senard says

    Not time yet to discuss Nissan chairmanship, Renault’s Senard says

    [ad_1] TOKYO (Reuters) – The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn. FILE PHOTO: Jean-Dominique Senard, Michelin…

  • Deutsche Bank rebuffs reported calls to cut investment unit

    Deutsche Bank rebuffs reported calls to cut investment unit

    [ad_1] FILE PHOTO: The financial district with the headquarters of Germany’s largest business bank, Deutsche Bank , is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank on Thursday rebuffed calls for cuts at its struggling investment bank, citing an overhaul last year. “‎We have adjusted…

  • Airbus A380: from European dream to white elephant

    Airbus A380: from European dream to white elephant

    [ad_1] TOULOUSE, France (Reuters) – Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. FILE PHOTO: An Emirates Airbus A380-800 airliner prepares to land at Nice international airport, France, January 18, 2018. REUTERS/Eric…

  • Emirates agrees with Airbus to reduce A380 order, to buy other jets

    Emirates agrees with Airbus to reduce A380 order, to buy other jets

    [ad_1] FILE PHOTO: An Emirates Airbus A380-800 aircraft takes off from Manchester Airport in Manchester, Britain September 4, 2018. REUTERS/Phil Noble/File Photo DUBAI (Reuters) – Emirates airline said on Thursday it had reached an agreement with Airbus to reduce its total order of A380 aircraft from 162 to 123 jets. Emirates also said it had…

  • Airbus to scrap production of A380 superjumbo

    Airbus to scrap production of A380 superjumbo

    [ad_1] TOULOUSE, France (Reuters) – Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales. FILE PHOTO: The damaged right-hand wing-tip of the Airbus A380, the world’s largest jetliner with a wingspan of…

  • Asia shares cautious, seeking Sino-U.S. clarity

    Asia shares cautious, seeking Sino-U.S. clarity

    [ad_1] SYDNEY (Reuters) – Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-U.S. tariff talks amid reports the White House could extend the deadline for a deal. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a…

  • U.S.-China trade talks move to higher level as deadline looms

    U.S.-China trade talks move to higher level as deadline looms

    [ad_1] BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said he was looking forward to trade talks with China on Thursday, as discussions in Beijing moved to a higher level in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal. U.S. Treasury Secretary Steven Mnuchin, a member of…

  • Renault Chairman Senard to meet Nissan CEO in Japan visit

    Renault Chairman Senard to meet Nissan CEO in Japan visit

    [ad_1] TOKYO (Reuters) – Renault SA Chairman Jean-Dominique Senard is set to meet with Nissan Motor’s CEO Hiroto Saikawa after he arrives in Japan on Thursday, seeking to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn. FILE PHOTO: Jean-Dominique Senard, Michelin Group tyre maker Chief Executive Officer, attends a…

  • Software pirates use Apple tech to put hacked apps on iPhones

    Software pirates use Apple tech to put hacked apps on iPhones

    [ad_1] SAN FRANCISCO (Reuters) – Software pirates have hijacked technology designed by Apple Inc to distribute hacked versions of Spotify, Angry Birds, Pokemon Go, Minecraft and other popular apps on iPhones, Reuters has found. A 3D printed Apple logo is seen in front of a displayed cyber code in this illustration taken March 22, 2016.…

  • China, U.S. start high-level trade talks in Beijing: Xinhua

    [ad_1] U.S. trade representative Robert Lighthizer leaves a hotel in Beijing for talks with Chinese officials, China, February 14, 2019. REUTERS/Thomas Peter BEIJING (Reuters) – China and the United States began high level trade talks in Beijing on Thursday, state news agency Xinhua said. The talks are being led by Chinese Vice Premier Liu He,…

  • U.S.’ Mnuchin says ‘looking forward’ to China trade talks

    U.S.’ Mnuchin says ‘looking forward’ to China trade talks

    [ad_1] U.S. Treasury Secretary Steven Mnuchin, a member of the U.S. trade delegation to China, leaves a hotel in Beijing for talks with Chinese officials, China, February 14, 2019. REUTERS/Thomas Peter BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Thursday he was “looking forward” to trade talks with China as the two countries…

  • Trump: China trade talks going ‘very well’ before high-level parley

    Trump: China trade talks going ‘very well’ before high-level parley

    [ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Wednesday trade talks with China were “going along very well” as the world’s two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal. FILE PHOTO: U.S. President Donald Trump speaks next to Commerce Secretary Wilbur Ross…

  • Renault Chairman Senard set to meet Nissan CEO during Japan visit

    Renault Chairman Senard set to meet Nissan CEO during Japan visit

    [ad_1] TOKYO (Reuters) – Renault SA Chairman Jean-Dominique Senard is set to meet with Nissan Motor Co Ltd CEO Hiroto Saikawa during a visit to Japan as the automakers reassess their partnership following the arrest and ouster of former Chairman Carlos Ghosn. FILE PHOTO: Jean-Dominique Senard, Michelin Group tyre maker Chief Executive Officer, attends a…

  • What you need to know about the SNC-Lavalin affair

    What you need to know about the SNC-Lavalin affair

    [ad_1] The resignation of Jody Wilson-Raybould from the Liberal cabinet this week was a significant development in the SNC-Lavalin affair, a controversy that has now sparked two government-related probes and continues to dog Prime Minister Justin Trudeau. The pair of probes centre around one key question: Did the prime minister or someone in his office try to pressure Wilson-Raybould when she was attorney general to step in and…

  • T-Mobile, Sprint executives face skeptical House panel

    [ad_1] WASHINGTON (Reuters) – Executives from T-Mobile US Inc and Sprint Corp faced tough questions from lawmakers on Wednesday about how the companies’ planned merger would affect prices and jobs, especially in rural America. The deal to combine the No. 3 and No. 4 U.S. wireless carriers, struck in April, was approved by both companies’…

  • Cenovus vows to boost crude-by-rail capacity as it reports $1.36B Q4 loss

    Cenovus vows to boost crude-by-rail capacity as it reports $1.36B Q4 loss

    [ad_1] The CEO of Cenovus Energy Inc. says the company is going ahead with plans to raise its crude-by-rail shipments to 100,000 barrels per day this year, despite criticism from other major producers that Alberta’s forced production cuts have destroyed rail’s profitability. The Calgary-based company is confident that the province will encourage growth in crude-by-rail…

  • Court orders Bell Helicopter to pay $1.5M in damages to Airbus in patent fight

    Court orders Bell Helicopter to pay $1.5M in damages to Airbus in patent fight

    [ad_1] The Federal Court of Appeal has upheld a lower court ruling that Bell Helicopter Textron Inc.’s Quebec-based subsidiary pay Airbus SE’s helicopter division $1.5 million for a patent violation. The ruling includes $1 million in punitive damages and $500,000 in compensatory damages tied to its patent for the so-called moustache landing gear. The legal battle…

  • SNC-Lavalin receives credit rating downgrade from Standard & Poor’s

    SNC-Lavalin receives credit rating downgrade from Standard & Poor’s

    [ad_1] The woes won’t stop piling up for SNC-Lavalin Group Inc. Debt rating agency Standard & Poor’s downgraded the company Tuesday, citing diplomatic tensions and criminal charges against the beleaguered engineering giant as among the financial headwinds buffeting a firm now swept up in a political firestorm. A pair of slashed profit forecasts from SNC-Lavalin…

  • Romance scams are on the rise, U.S. agency reports

    Romance scams are on the rise, U.S. agency reports

    [ad_1] Is it love? Maybe not. The U.S. Federal Trade Commission (FTC) announced this week that romance-related scams have surged recently and generated more losses than any other consumer fraud reported to the agency last year. The number of these romance scams reported to the agency jumped from 8,500 in 2015 to more than 21,000…

  • Exclusive: FBI investigating top Vitol executives in Americas – sources

    Exclusive: FBI investigating top Vitol executives in Americas – sources

    [ad_1] RIO DE JANEIRO (Reuters) – The FBI is investigating trading firm Vitol’s top two executives in the Americas in connection with a Brazil bribery case involving deals with Petroleo Brasileiro SA, two sources with direct knowledge of the matter told Reuters. FILE PHOTO: The Federal Bureau of Investigation seal is seen at FBI headquarters…

  • U.S. military intervention in Venezuela ‘not an option’: lawmaker

    U.S. military intervention in Venezuela ‘not an option’: lawmaker

    [ad_1] WASHINGTON (Reuters) – Congress will not support U.S. military intervention in Venezuela despite hints by President Donald Trump that such action had not been ruled out, the Democratic chairman of the House Foreign Affairs Committee said on Wednesday. “I do worry about the president’s saber rattling, his hints that U.S. military intervention remains an…

  • Wall Street extends gains as trade talks progress

    Wall Street extends gains as trade talks progress

    [ad_1] NEW YORK (Reuters) – Wall Street extended its gains on Wednesday as investor optimism was stoked over hopes that the United States and China could iron out a trade deal, and tame inflation data suggested the Fed would hold interest rates steady in the near term. Traders work on the floor of the New…

  • Teksavvy complains about what was missing from annual CRTC report

    Teksavvy complains about what was missing from annual CRTC report

    [ad_1] TekSavvy Solutions Inc. has lodged a complaint with the CRTC, saying that critical statistical information compiled by the federal telecommunications regulator was omitted from last year’s edition of an annual industry report. The Ontario-based independent internet service provider (ISP) says that the CRTC’s omission of the information makes it more difficult for companies like TekSavvy as…

  • Optimism over U.S.-China trade deal lifts equity markets

    Optimism over U.S.-China trade deal lifts equity markets

    [ad_1] NEW YORK (Reuters) – Hopes for a resolution in a prolonged trade spat between the United States and China helped extend a week-long rally in world stock markets on Wednesday, while bond yields also climbed. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019.…

  • Ontario’s deficit $13.5B this fiscal year, economic challenges ahead, minister says

    Ontario’s deficit $13.5B this fiscal year, economic challenges ahead, minister says

    [ad_1] Ontario’s finance minister says $1 billion in higher sales and income tax revenues have pushed the province’s deficit down to $13.5 billion, but there are economic challenges ahead. Vic Fedeli released Ontario’s 2018-19 third-quarter finances on Wednesday and said the higher revenues show the government’s plan is working. Ontario’s financial accountability officer has said the deficit…

  • Lower gasoline prices restrain U.S. consumer inflation

    Lower gasoline prices restrain U.S. consumer inflation

    [ad_1] WASHINGTON (Reuters) – U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while. A Shell gas station is shown in Encinitas, California January 25, 2016.…

  • T-Mobile CEO defends Sprint deal in Congress

    T-Mobile CEO defends Sprint deal in Congress

    [ad_1] WASHINGTON (Reuters) – T-Mobile US Inc Chief Executive John Legere defended his company’s $26 billion deal to buy rival wireless carrier Sprint Corp in Congress on Wednesday, stressing the jobs it will create and how it will benefit construction of the next generation of wireless networks. “Our merger will be jobs positive from day…

  • Block Kit helps deliver more visually appealing content in Slack – TechCrunch

    Block Kit helps deliver more visually appealing content in Slack – TechCrunch

    [ad_1] Slack has become a critical communications tool for many organizations. One of the things that has driven its rapid success has been the ability to connect to external enterprise apps inside of Slack, giving employees what is essentially a centralized workhub. This ability has led to some unintended consequences around formatting issues, which Slack…

  • U.S. Congress won’t support military intervention in Venezuela: Engel

    U.S. Congress won’t support military intervention in Venezuela: Engel

    [ad_1] WASHINGTON (Reuters) – Congress will not support U.S. military intervention in Venezuela despite comments hinting at such involvement by President Donald Trump, the Democratic chairman of the House Foreign Affairs Committee said on Wednesday. “I do worry about the president’s saber rattling, his hints that U.S. military intervention remains an option. I want to…

  • Ford recalls nearly 1.5 million pickup trucks that can downshift without warning

    Ford recalls nearly 1.5 million pickup trucks that can downshift without warning

    [ad_1] Ford is recalling nearly 1.5 million pickup trucks in North America because the transmissions can suddenly downshift into first gear.  The recall — 1.26 million vehicles in the U.S. and 221,000 in Canada — covers F-150 trucks from the 2011 through 2013 model years with six-speed automatic transmissions. The company says there’s glitch in sending a…

  • Dish misses profit estimates on bigger subscriber loss, shares fall

    Dish misses profit estimates on bigger subscriber loss, shares fall

    [ad_1] FILE PHOTO: The DISH logo is shown during the annual Consumer Electronics Show (CES) in Las Vegas, Nevada January 6, 2014. REUTERS/Robert Galbraith (Reuters) – Dish Network Corp on Wednesday missed Wall Street estimates for quarterly profit as the U.S. satellite TV service provider lost more-than-expected pay-TV subscribers, sending its shares down 6 percent.…

  • Airbus poised to ax A380 as Emirates reviews demand: sources

    Airbus poised to ax A380 as Emirates reviews demand: sources

    [ad_1] PARIS (Reuters) – Airbus is nearing a decision to ax production of the world’s largest airliner amid a downward revision in demand from the Gulf and is likely to give an update with its full-year earnings on Feb. 14, industry sources and analysts said. General view shows an Airbus A380 at the final assembly…

  • Fiverr acquires ClearVoice to double down on content marketing – TechCrunch

    Fiverr acquires ClearVoice to double down on content marketing – TechCrunch

    [ad_1] Fiverr is acquiring ClearVoice, a company that helps customers like Intuit and Carfax find professionals to write promotional content. The two companies seem like a natural fit, since they both operate marketplaces for freelancers. Fiverr covers a much broader swath of freelance work, but CEO Micha Kaufman (pictured above) said the marketplace’s professional writing…

  • Oil rises after Saudi output pledge, declining U.S. inventories

    Oil rises after Saudi output pledge, declining U.S. inventories

    [ad_1] LONDON (Reuters) – Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France,…

  • Mnuchin says trade talks in China are ‘so far, so good’

    Mnuchin says trade talks in China are ‘so far, so good’

    [ad_1] U.S. Treasury Secretary Steven Mnuchin speaks to the media as he and members of the U.S. trade delegation to China leave a hotel in Beijing, China February 13, 2019. REUTERS/Jason Lee BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade talks with China are progressing well, as the world’s two largest…

  • Thyssenkrupp employees will not support Tata JV at any price

    Thyssenkrupp employees will not support Tata JV at any price

    [ad_1] DUESSELDORF, Germany (Reuters) – Labor leaders, who hold half the seats on Thyssenkrupp’s supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said. FILE PHOTO: A steel worker of Germany’s industrial conglomerate ThyssenKrupp AG takes a sample of raw…

  • First Nations say Alberta has no right to cut oil activity on their land

    First Nations say Alberta has no right to cut oil activity on their land

    [ad_1] Some First Nations in Alberta what an exemption from the provincial government’s decision to mandate oil production cuts. The First Nations say the provincial government has no right to dictate the level of oil and gas activity on their land. They believe the oil curtailment policy could have a negative financial impact. Since the beginning of…

  • Exclusive: BT executives knew of accounting fraud in Italy unit – prosecutors

    Exclusive: BT executives knew of accounting fraud in Italy unit – prosecutors

    [ad_1] FILE PHOTO: British Telecom (BT)’s headquarters is seen in central London, Britain May 10, 2018. REUTERS/Hannah McKay MILAN (Reuters) – A preliminary criminal investigation into an accounting scandal at the Italian unit of British Telecom (BT) has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according…

  • Diversity in the ‘man cave’: Boardrooms gain women as minorities lag

    Diversity in the ‘man cave’: Boardrooms gain women as minorities lag

    [ad_1] BOSTON/NEW YORK (Reuters) – In America’s corporate boardrooms, diversity is making uneven progress: Women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table. California State Senator Hannah-Beth Jackson is seen in this undated photo provided February 6, 2019. California State Senator Hannah-Beth Jackson/Handout via REUTERS…

  • China’s Huawei says ready to work with Poland to build trust

    China’s Huawei says ready to work with Poland to build trust

    [ad_1] FILE PHOTO: A 3-D printed Huawei logo is seen in front of displayed flag of China in this illustration, taken February 12, 2019. REUTERS/Dado Ruvic WARSAW (Reuters) – Chinese telecoms firm Huawei is ready to work with the Polish government on additional steps to build trust, Andy Purdy, chief security officer at Huawei Technologies…

  • Oil pushed up by deepening OPEC cuts, sanctions on Venezuela

    Oil pushed up by deepening OPEC cuts, sanctions on Venezuela

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo U.S. West Texas Intermediate (WTI) crude…

  • Ex-Nissan boss Ghosn’s chief defense lawyer resigns; no reason given

    Ex-Nissan boss Ghosn’s chief defense lawyer resigns; no reason given

    [ad_1] Motonari Otsuru, chief lawyer of the ousted Nissan Motor Co Ltd chairman Carlos Ghosn, addresses a news conference in Tokyo, Japan, January 8, 2019. REUTERS/Kim Kyung-hoon TOKYO (Reuters) – Ex-Nissan Chairman Carlos Ghosn’s chief defense lawyer, Motonari Otsuru, has resigned, his law office said Wednesday, a stunning twist to the nearly three-month case over…

  • Asian stocks reach four-month peak on U.S.-China trade deal hopes

    Asian stocks reach four-month peak on U.S.-China trade deal hopes

    [ad_1] TOKYO (Reuters) – Asian stocks reached a more than four-month high on Wednesday, lifted by optimism that the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute. FILE PHOTO: Pedestrians are reflected on an electronic board showing Japan’s Nikkei average (top L), the Dow…

  • Hard Brexit would doom future merger of UK, Franco-German fighter projects: Airbus Defence

    Hard Brexit would doom future merger of UK, Franco-German fighter projects: Airbus Defence

    [ad_1] General view of Airbus Group ‘Defence and Space’ headquarters in Ottobrunn near Munich, Germany August 24, 2016. REUTERS/Michaela Rehle BERLIN (Reuters) – Britain’s departure from the European Union without a deal would doom the prospects for a Franco-German next-generation fighter jet with a rival project in Britain, the head of Airbus Defence and Space…

  • Oil pushed up by deepening OPEC supply cuts, sanctions on Venezuela

    Oil pushed up by deepening OPEC supply cuts, sanctions on Venezuela

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo U.S. West Texas Intermediate (WTI) crude…

  • No evidence that Fed’s balance sheet is behind market swings: Mester

    No evidence that Fed’s balance sheet is behind market swings: Mester

    [ad_1] FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas Jackson CINCINNATI (Reuters) – Cleveland Fed President Loretta Mester on Tuesday said she has not seen evidence that the Federal Reserve’s shrinking balance sheet has…

  • Asian stocks touch four-month peak on U.S.-China trade deal hopes

    Asian stocks touch four-month peak on U.S.-China trade deal hopes

    [ad_1] TOKYO (Reuters) – Asian stocks edged up to a more than four-month high on Wednesday, lifted by optimism that the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute. FILE PHOTO: Pedestrians are reflected on an electronic board showing Japan’s Nikkei average (top L),…

  • Oil rises 1 percent on deepening OPEC supply cuts, sanctions on Venezuela

    Oil rises 1 percent on deepening OPEC supply cuts, sanctions on Venezuela

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo U.S. West Texas Intermediate (WTI) crude…

  • Venezuela turns to India for oil exports as U.S. sanctions bite

    Venezuela turns to India for oil exports as U.S. sanctions bite

    [ad_1] HOUSTON/MEXICO CITY/MOSCOW (Reuters) – Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. FILE PHOTO: Venezuela’s Oil Minister and President of Venezuelan state-run oil company…

  • Overseas tariffs sour U.S. whiskey exports

    Overseas tariffs sour U.S. whiskey exports

    [ad_1] NEW YORK (Reuters) – American whiskey makers are feeling the pain after their major overseas markets imposed hefty duties on their liquor in retaliation against President Donald Trump’s tariffs on aluminum imports. FILE PHOTO: A bottle of Jack Daniels is shown for sale among other brands in the liquor section of a food market…

  • Oil prices rise on OPEC supply cuts, Venezuela sanctions

    Oil prices rise on OPEC supply cuts, Venezuela sanctions

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo U.S. West Texas Intermediate (WTI) crude…

  • Mnuchin hopes for ‘productive’ trade meetings in China

    Mnuchin hopes for ‘productive’ trade meetings in China

    [ad_1] BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for “productive” trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other. U.S. Treasury Secretary Steven Mnuchin, a member of the U.S.…

  • Venezuela turns to India as sanctions cut oil flow to U.S., Europe

    Venezuela turns to India as sanctions cut oil flow to U.S., Europe

    [ad_1] HOUSTON/MEXICO CITY/MOSCOW (Reuters) – Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. FILE PHOTO: Venezuela’s Oil Minister and President of Venezuelan state-run oil company…

  • Twitter CEO says his and other tech firms have not combated abuse enough

    Twitter CEO says his and other tech firms have not combated abuse enough

    [ad_1] FILE PHOTO: Twitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee hearing on Twitter’s algorithms and content monitoring on Capitol Hill in Washington, U.S., September 5, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – Twitter Inc Chief Executive Jack Dorsey said on Tuesday that Silicon Valley companies, including his own, have not done…

  • Exclusive: Venezuela’s self-declared president Guaido to nominate own Citgo board – sources

    Exclusive: Venezuela’s self-declared president Guaido to nominate own Citgo board – sources

    [ad_1] (Reuters) – Advisers to Venezuela’s self-declared president Juan Guaido have proposed he appoint six executives to a transitional board for U.S. refiner Citgo Petroleum Corp, Venezuela’s most important foreign asset, four people close to the talks said. FILE PHOTO: Venezuelan opposition leader Juan Guaido speaks during a meeting with representatives of FEDEAGRO, the Confederation…

  • Ford told UK PM May it is preparing alternative production sites: The Times

    Ford told UK PM May it is preparing alternative production sites: The Times

    [ad_1] FILE PHOTO: The logo of Ford is seen during the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy (Reuters) – Ford Motor Co told British Prime Minister Theresa May that it is stepping up preparations to move production out of Britain, The Times reported on Tuesday. The automaker…

  • Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester

    Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester

    [ad_1] FILE PHOTO: Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. REUTERS/Shannon Stapleton CINCINNATI (Reuters) – The Federal Reserve will chart plans to stop letting its bond holdings roll off “at coming meetings,” Cleveland Fed President Loretta Mester said on Tuesday,…

  • Wall Street advances on trade hopes, deal to avert government shutdown

    Wall Street advances on trade hopes, deal to avert government shutdown

    [ad_1] NEW YORK (Reuters) – Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another partial federal government shutdown and by optimism surrounding U.S.-China trade negotiations. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan…

  • Oil gains 1 percent after Saudi Arabia pledges more output cuts

    Oil gains 1 percent after Saudi Arabia pledges more output cuts

    [ad_1] NEW YORK (Reuters) – Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April…

  • Oil gains 1 percent after Saudi Arabia pledges more output cuts

    [ad_1] NEW YORK (Reuters) – Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April…

  • World stock markets rally on hopes for U.S.-China trade deal

    World stock markets rally on hopes for U.S.-China trade deal

    [ad_1] NEW YORK (Reuters) – Signs that the United States and China might reach an agreement in trade talks and news of a tentative deal to avoid another government shutdown in Washington helped push world stock markets and bond yields broadly higher Tuesday. Traders work on the floor of the New York Stock Exchange (NYSE)…

  • Mortgages from big banks consistently cost Canadians more, says rate comparison site

    Mortgages from big banks consistently cost Canadians more, says rate comparison site

    [ad_1] Mortgage rates from Canada’s big banks were consistently more expensive than those offered by smaller lenders last year, according to the latest findings from LowestRates.ca. The financial product comparison website said the lowest rates offered by the “Big Six” — Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal, Scotiabank, Canadian Imperial Bank of Commerce, and National Bank…

  • Pernod CEO pursues change and engages activist shareholder

    Pernod CEO pursues change and engages activist shareholder

    [ad_1] LONDON (Reuters) – Pernod Ricard will embrace change and continue “constructive” talks with activist investor Elliott Management, CEO Alexandre Ricard said on Tuesday while dismissing speculation that the company could become a takeover target. FILE PHOTO: Alexandre Ricard, Chairman and Chief Executive Officer of French drinks maker Pernod Ricard, poses at the company headquarters…

  • Tariffs took a toll on U.S. whiskey exports in 2018, distillers say

    Tariffs took a toll on U.S. whiskey exports in 2018, distillers say

    [ad_1] Retaliatory tariffs caused a sharp downturn in American whisky exports in the last half of 2018 as distillers started feeling the pain from global trade disputes, an industry trade group said Tuesday. Exports to some key overseas markets gyrated wildly last year for producers of bourbon, Tennessee whisky and rye whisky. Overall, U.S. spirits…

  • Red flags emerge as Americans’ debt load hits another record

    Red flags emerge as Americans’ debt load hits another record

    [ad_1] NEW YORK (Reuters) – Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon. FILE PHOTO: A U.S. five dollar note is seen in this…

  • Wall Street rallies on trade optimism, hopes of avoiding government shutdown

    Wall Street rallies on trade optimism, hopes of avoiding government shutdown

    [ad_1] (Reuters) – Wall Street’s main indexes extended gains on Tuesday, in a broad-based rally after American lawmakers reached a tentative deal to avoid another partial government shutdown and on hopes of an agreement during the ongoing U.S.-China trade talks. A trader works on the floor of the New York Stock Exchange (NYSE) in New…

  • U.S. job openings hit record high; workers more scarce

    U.S. job openings hit record high; workers more scarce

    [ad_1] WASHINGTON (Reuters) – U.S. job openings surged to a record high in December, led by vacancies in the construction and accommodation and food services sectors, strengthening analysts’ views that the economy was running out of workers. Corporate recruiters (R) gesture and shake hands as they talk with job seekers at a Hire Our Heroes…

  • Boeing delivers 46 jets in January

    Boeing delivers 46 jets in January

    [ad_1] FILE PHOTO: Boeing Co’s logo is seen above the front doors of its largest jetliner factory in Everett, Washington, U.S. January 13, 2017. REUTERS/Alwyn Scott (Reuters) – Boeing Co delivered 46 aircraft in January, two more than a year earlier, as the world’s biggest planemaker gears up for another year of record sales amid…

  • Katy Perry pulls shoes from fashion line after blackface criticism

    Katy Perry pulls shoes from fashion line after blackface criticism

    [ad_1] Katy Perry’s fashion line has pulled two types of shoes after some people compared them to blackface. The Ora Face Block Heel and Rue Face Slip-On Loafers were released last summer in nine different colours. They included protruding eyes, nose and red lips. Katy Perry made racist shoes.<br><br>Yea, you read that right.<br><br>This is our…

  • Future is now: Nike’s next self-lacing shoe hitting shelves

    Future is now: Nike’s next self-lacing shoe hitting shelves

    [ad_1] Nike’s latest performance basketball shoe, from concept to reality, took about three years to put together. Or 30 years, depending on how you count. The Nike Adapt BB — a self-lacing smart shoe that can be controlled by a smartphone — gets released to the public on Sunday, a date that just happens to…

  • Datadog acquires app testing company Madumbo – TechCrunch

    Datadog acquires app testing company Madumbo – TechCrunch

    [ad_1] Datadog, the popular monitoring and analytics platform, today announced that it has acquired Madumbo, an AI-based application testing platform. “We’re excited to have the Madumbo team join Datadog,” said Olivier Pomel, Datadog’s CEO. “They’ve built a sophisticated AI platform that can quickly determine if a web application is behaving correctly. We see their core…

  • U.S. small business confidence falls to more than two-year low

    U.S. small business confidence falls to more than two-year low

    [ad_1] A man washes a car at a small corner carwash business in Selma, Alabama, U.S., December 16, 2017. REUTERS/Carlo Allegri WASHINGTON (Reuters) – U.S. small business optimism tumbled last month to its lowest level since President Donald Trump’s election more than two years ago amid growing uncertainty over the economic outlook. The National Federation…

  • Altria now taps U.S. bond market after Europe to fund Juul deal

    Altria now taps U.S. bond market after Europe to fund Juul deal

    [ad_1] A sign advertising Juul brand vaping products is seen outside a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar (Reuters) – Marlboro maker Altria said on Tuesday it would issue bonds in the United States to help fund its purchase of a stake in fast-growing e-cigarette company…

  • Lyft founders to tighten grip with supervoting shares in IPO: WSJ

    Lyft founders to tighten grip with supervoting shares in IPO: WSJ

    [ad_1] An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. REUTERS/Chris Helgren (Reuters) – Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.…

  • DHL hires hundreds of customs staff to prepare for no-deal Brexit

    DHL hires hundreds of customs staff to prepare for no-deal Brexit

    [ad_1] FILE PHOTO: Patrick Klankert, a 27-year-old truck driver of German postal and logistics group Deutsche Post DHL steers his truck at a DHL freight logistics centre located near the crossroads of Germany, France and Luxembourg in Sehlem, Germany, December 12, 2018. REUTERS/Wolfgang Rattay/File Photo AMSTERDAM (Reuters) – Deutsche Post DHL has hired hundreds of…

  • InVision acquires design file versioning startup Trunk – TechCrunch

    InVision acquires design file versioning startup Trunk – TechCrunch

    [ad_1] InVision, the design company valued at $1.9 billion, has today announced the acquisition of Australia-based Trunk. Trunk is focused wholly on file versioning for designers. In the world of engineering, GitHub has provided a way for developers to keep versions organized — developers can track changes, create a separate branch to experiment, and collaborate…

  • Rough ride: Nissan slashes outlook, unveils Ghosn-related charge

    Rough ride: Nissan slashes outlook, unveils Ghosn-related charge

    [ad_1] YOKOHAMA, Japan (Reuters) – Nissan Motor warned its annual profit will plumb six-year lows on waning global sales, underlining the challenges it faces as it also grapples with the fallout from the shocking arrest and ouster of its former chairman Carlos Ghosn. The logo of Nissan Motor Co. is seen at its show room…

  • Shopify reports smaller loss in fourth quarter

    Shopify reports smaller loss in fourth quarter

    [ad_1] A decorative mailbox covered in stickers is seen at Shopify’s headquarters in Ottawa, Ontario, Canada, October 22, 2018. REUTERS/Chris Wattie (Reuters) – Shopify Inc’s loss narrowed in the fourth quarter, the online store builder said on Tuesday, as it signed up more businesses and earned higher payment processing fees. The Canadian company, which helps…

  • Mnuchin, in China, looks forward to trade talks

    Mnuchin, in China, looks forward to trade talks

    [ad_1] U.S. Treasury Secretary Steven Mnuchin speaks to the media at the White House in Washington, U.S., February 6, 2019. REUTERS/Jim Young BEIJING (Reuters) – U.S. Treasury Secretary Steven Mnuchin looks forward to several important days of trade talks, he said on Tuesday after arriving in the Chinese capital for high-level talks to hammer out…

  • Oil up 1 percent on Saudi and OPEC cuts but outlook picture clouded

    Oil up 1 percent on Saudi and OPEC cuts but outlook picture clouded

    [ad_1] LONDON (Reuters) – Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and the outcome of U.S.-China trade talks. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc Cohen Brent…

  • Exclusive: India watchdog probes accusations that Google abused Android -sources

    Exclusive: India watchdog probes accusations that Google abused Android -sources

    [ad_1] NEW DELHI (Reuters) – India’s antitrust commission is looking into accusations that Alphabet Inc’s unit Google abuses its popular Android mobile operating system to block its rivals, four sources with direct knowledge of the matter told Reuters. Android One based mobiles are on display during its launch in New Delhi September 15, 2014. REUTERS/Anindito…

  • Exclusive: Walmart, Google-backed Deliv end online grocery partnership

    Exclusive: Walmart, Google-backed Deliv end online grocery partnership

    [ad_1] (Reuters) – Walmart Inc and logistics firm Deliv pulled the plug on a key same-day grocery delivery partnership, dealing a setback in the retailer’s race against rival Amazon.com Inc to deliver groceries to customers’ homes. FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil…

  • Nissan books $84 million Ghosn-related charges, cuts outlook

    Nissan books $84 million Ghosn-related charges, cuts outlook

    [ad_1] The logo of Nissan Motor Co. is seen at its show room behind a traffic sign in Tokyo, Japan, February 12, 2019. REUTERS/Kim Kyung-hoon YOKOHAMA, Japan (Reuters) – Nissan Motor Co said it had booked around $84 million in charges related to under-reported compensation for ousted chairman Carlos Ghosn, and slashed its annual profit…

  • Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

    Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc Cohen U.S. West Texas…

  • Few tears shed by French workers after Macron’s Alstom dream is blocked

    Few tears shed by French workers after Macron’s Alstom dream is blocked

    [ad_1] BELFORT, France (Reuters) – After four decades on the production line at French trainmaker Alstom, Claude Gemino had little sympathy for Emmanuel Macron when Brussels scotched the French president’s hopes of creating a European rail champion. The logo of Alstom is seen on the high-speed train TGV factory of the company in Belfort, France,…

  • Stocks buoyed by deal to avert U.S. government shutdown

    Stocks buoyed by deal to avert U.S. government shutdown

    [ad_1] TOKYO (Reuters) – Asian shares gained on Tuesday as investors hoped a new round of U.S.-China trade talks would help to resolve a dispute that has dented global growth and some corporate earnings. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside…

  • Pentagon to review certification of Elon Musk’s SpaceX launch vehicles

    Pentagon to review certification of Elon Musk’s SpaceX launch vehicles

    [ad_1] SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper (Reuters) – The Pentagon will evaluate the certification for Elon Musk’s SpaceX launch vehicles to determine whether the U.S. Air…

  • Venture capital firm uses AI to seek out start-ups across Europe

    Venture capital firm uses AI to seek out start-ups across Europe

    [ad_1] LONDON (Reuters) – A London-based venture capital firm that uses artificial intelligence to find promising start-ups across Europe said on Tuesday it had raised 53 million euros (£46.6 million) for its biggest fund to date. InReach Ventures was founded by Roberto Bonanzinga and John Mesrie, both previously at Balderton Capital, and Ben Smith, formerly…

  • With Iran squeezed out, U.S. oil takes on new rivals in Europe

    With Iran squeezed out, U.S. oil takes on new rivals in Europe

    [ad_1] MOSCOW/NEW YORK (Reuters) – When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared. FILE PHOTO: A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. REUTERS/Liz Hampton/File Photo U.S. giant Exxon…

  • Renault’s Senard to meet Nissan CEO Saikawa in Japan this week: sources

    Renault’s Senard to meet Nissan CEO Saikawa in Japan this week: sources

    [ad_1] TOKYO (Reuters) – Renault’s chairman will meet Nissan Motor’s CEO this week in Japan as they look at ways to cement their partnership after the ouster of former alliance leader Carlos Ghosn, two people with knowledge of the matter told Reuters. Jean-Dominique Senard, newly-appointed Chairman of Renault, and Thierry Bollore, newly-appointed Chief Executive Officer…

  • Asian stocks edge up, U.S. futures rise on hope for no U.S. govt. shutdown

    Asian stocks edge up, U.S. futures rise on hope for no U.S. govt. shutdown

    [ad_1] TOKYO (Reuters) – Asian shares edged up on Tuesday as investors hoped a new round of U.S.-China trade talks would help to resolve a dispute that’s dented global growth and some corporate earnings. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside…

  • Oil prices rise on OPEC output cuts, as U.S. sanctions bite

    Oil prices rise on OPEC output cuts, as U.S. sanctions bite

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc Cohen U.S. West Texas…

  • Home services site Handy has furniture assembly deal with Crate and Barrel

    Home services site Handy has furniture assembly deal with Crate and Barrel

    [ad_1] NEW YORK (Reuters) – Home furnishings retailer Crate and Barrel will partner with home services platform Handy to offer furniture assembly and home decor installation across the United States, joining a growing list of big box retailers seeking to win over shoppers with handyman services, a Handy spokesperson said on Monday. FILE PHOTO: Shoppers…

  • Traders expect Cushing builds as refinery issues add to swelling supply

    Traders expect Cushing builds as refinery issues add to swelling supply

    [ad_1] NEW YORK (Reuters) – U.S. crude traders are bracing for increasing supplies at Cushing, Oklahoma, the delivery point for benchmark crude futures, as unexpected refinery issues add to inventories that are already at the highest in more than a year. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil…

  • Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela

    Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc Cohen U.S. West Texas Intermediate (WTI) crude…

  • Asian stocks subdued, focus on new round of Sino-U.S. talks

    Asian stocks subdued, focus on new round of Sino-U.S. talks

    [ad_1] TOKYO (Reuters) – Asian shares barely budged on Tuesday with investors looking to a new round of Sino-U.S. trade talks as the world’s two largest economies try to resolve a tariff dispute that has put a dent on global growth and corporate earnings. FILE PHOTO: A man is reflected on an electronic board showing…

  • U.S., China upbeat on trade talks, but South China Sea tensions weigh

    U.S., China upbeat on trade talks, but South China Sea tensions weigh

    [ad_1] BEIJING/WASHINGTON (Reuters) – U.S. and Chinese officials expressed hopes on Monday that a new round of talks would bring them closer to easing their seven-month trade war, but a U.S. Navy mission through the disputed South China Sea cast a shadow over the negotiations in Beijing. The world’s two largest economies are trying to…

  • Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela

    Oil edges up amid OPEC cuts, U.S. sanctions on Iran and Venezuela

    [ad_1] SINGAPORE (Reuters) – Oil prices edged up on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check. FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc Cohen U.S. West Texas Intermediate (WTI)…

  • U.S. judge keeps documents secret in Facebook encryption case

    U.S. judge keeps documents secret in Facebook encryption case

    [ad_1] SAN FRANCISCO (Reuters) – A U.S. judge on Monday rejected a bid by two civil rights groups that had sought to force the release of documents describing a secret U.S. government effort to compel Facebook Inc to decrypt voice conversations between users on its Messenger app. Silhouettes of laptop users are seen next to…

  • Exclusive: EPA may issue E15 gasoline plan without biofuel credit trade limits – sources

    Exclusive: EPA may issue E15 gasoline plan without biofuel credit trade limits – sources

    [ad_1] WASHINGTON (Reuters) – The U.S. Environmental Protection Agency is considering releasing its draft proposal to expand sales of higher ethanol blends of gasoline without including simultaneous measures it promised the oil industry to curb biofuel credit speculation, according to three sources familiar with the matter. FILE PHOTO: A sign advertising E15, a gasoline with…

  • Aurora Cannabis loses $238M in second quarter even as revenues surge

    Aurora Cannabis loses $238M in second quarter even as revenues surge

    [ad_1] Aurora Cannabis Inc. lost $237.7 million in the second quarter of its fiscal year even though net revenues surged to $54.2 million as sales of cannabis by weight increased six-fold. The Edmonton-based company says that the loss attributable to common shareholders equalled 25 cents per diluted share, compared with a profit of two cents…

  • Venezuela pressures foreign partners on oil venture commitments: sources

    Venezuela pressures foreign partners on oil venture commitments: sources

    [ad_1] (Reuters) – Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, three people familiar with the matter said. FILE PHOTO: The corporate logo of the state oil company PDVSA is seen at a…

  • Canadian dollar dips as oil falls, investors demand greenbacks

    Canadian dollar dips as oil falls, investors demand greenbacks

    [ad_1] TORONTO (Reuters) – The Canadian dollar edged lower against its U.S. counterpart on Monday as oil prices fell and investors sought to own greenbacks, betting that the U.S. currency would fare best as the global economy slows. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture…

  • Wall Street wavers as investors eye trade talks, growth fears

    Wall Street wavers as investors eye trade talks, growth fears

    [ad_1] NEW YORK (Reuters) – Wall Street see-sawed on Monday, rarely straying far from opening levels as investors eyed ongoing U.S.-China trade talks, potential congressional gridlock and a diminished 2019 earnings outlook. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid The S&P…

  • S&P 500, Nasdaq end choppy session with tiny gains

    S&P 500, Nasdaq end choppy session with tiny gains

    [ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid (Reuters) – The S&P 500 and the Nasdaq eked out nominal gains while the blue chip Dow Industrials edged lower on Monday in a choppy session as investors eyed ongoing U.S.-China trade talks,…

  • World stocks edge higher ahead of trade talks, Brexit

    World stocks edge higher ahead of trade talks, Brexit

    [ad_1] NEW YORK (Reuters) – Stock markets globally inched higher on Monday after China struck an upbeat tone as trade talks between the United States and China resumed, though worries remained over the fate of Brexit. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019.…

  • Wall Street stalls as trade deal hopes muted by growth fears

    Wall Street stalls as trade deal hopes muted by growth fears

    [ad_1] NEW YORK (Reuters) – Wall Street languished near the starting gate in mid-afternoon trading on Monday as investor hopes over U.S.-China trade talks were muted by concerns about possible congressional gridlock and a diminished 2019 earnings outlook. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February…

  • Mars One, which offered 1-way trips to Mars, declared bankrupt

    Mars One, which offered 1-way trips to Mars, declared bankrupt

    [ad_1] Mars One, a Dutch company that planned to send humans on a one-way trip to Mars and start the first human colony on the Red Planet, has been declared bankrupt. The declaration was made in a Swiss court on Jan. 15 — and posted on Reddit this past weekend — officially dissolving Mars One Ventures AG. The company…

  • Gmail gets a useful right-click menu – TechCrunch

    Gmail gets a useful right-click menu – TechCrunch

    [ad_1] Google is giving Gmail a new right-click menu. And it’s about time. While you’ve long been able to right-click on any email in your inbox, your options were always limited. You could archive an email, mark it as read/unread and delete it, but that was about it. Now, as the company announced today, that’s…

  • Ethics commissioner to probe Prime Minister’s Office over SNC-Lavalin scandal

    Ethics commissioner to probe Prime Minister’s Office over SNC-Lavalin scandal

    [ad_1] Federal Ethics Commissioner Mario Dion will investigate allegations that the Prime Minister’s Office pressured former attorney general Jody Wilson-Raybould to help Quebec engineering firm SNC-Lavalin avoid criminal prosecution. The NDP asked Dion to look into the matter after the Globe and Mail published a report last week that alleged the PMO wanted Wilson-Raybould to direct…

  • Reddit valued at $3 billion after raising $300 million in latest funding round

    Reddit valued at $3 billion after raising $300 million in latest funding round

    [ad_1] FILE PHOTO: Reddit mascots are displayed at the company’s headquarters in San Francisco, California April 15, 2014. REUTERS/Robert Galbraith (Reuters) – Social media network Reddit Inc said on Monday it raised $300 million in its latest funding round, led by Tencent Holdings Ltd, giving it a market valuation of $3 billion. The series D…

  • One of Calgary’s best-known businessmen aims to ‘do it right’ once again at 71

    One of Calgary’s best-known businessmen aims to ‘do it right’ once again at 71

    [ad_1] It’s a chilly weekday morning in a quiet corner of a Calgary industrial park, the kind of place you’d find oilfield service firms, warehouses and machine shops.  But sling open the doors of one nondescript building and you’ll discover a studio with rows of neatly ordered desks and bright yellow desk lamps. Where a corner office might be, there’s a cozy couch. There’s even a…

  • Morgan Stanley buying Calgary-based Solium Capital for $1.1 billion

    Morgan Stanley buying Calgary-based Solium Capital for $1.1 billion

    [ad_1] ​U.S. bank Morgan Stanley has signed a deal to buy Calgary-based Solium Capital Inc. in a cash deal valued at about $1.1 billion. Under the agreement, Morgan Stanley will pay $19.15 per share for Solium, which helps companies manage employee stock plans. Solium shares closed at $13.36 on the Toronto Stock Exchange on Friday.…

  • Google Docs gets an API for task automation – TechCrunch

    Google Docs gets an API for task automation – TechCrunch

    [ad_1] Google today announced the general availability of a new API for Google Docs that will allow developers to automate many of the tasks that users typically do manually in the company’s online office suite. The API has been in developer preview since last April’s Google Cloud Next 2018 and is now available to all…

  • Wall Street treads water, eyes on U.S.-China trade talks

    Wall Street treads water, eyes on U.S.-China trade talks

    [ad_1] (Reuters) – Wall Street struggled for direction on Monday, with investors taking a pause as the United States and China began their latest trade negotiations and U.S. lawmakers tried to reach a deal on border funding. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8,…

  • CalSTRS backs new activist hedge fund Impactive with $250 million

    CalSTRS backs new activist hedge fund Impactive with $250 million

    [ad_1] (Reuters) – The California State Teachers’ Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund that expects to start trading next month. FILE PHOTO – Christopher Ailman, chief investment officer of the California State Teachers’ Retirement System…

  • IKEA accelerates services drive as competition stiffens

    IKEA accelerates services drive as competition stiffens

    [ad_1] STOCKHOLM/NEW YORK (Reuters) – Jessica Reznik likes IKEA’s prices but not do-it-yourself. So when the Swedish furniture giant said a handyman on odd-jobs site TaskRabbit could assemble her new dresser and nightstand in her New York apartment, she jumped at the offer. Reznik, a 24-year-old teacher, is just the kind of busy millennial IKEA…

  • Apple iPhone sales in China fell by a fifth in fourth quarter: IDC

    Apple iPhone sales in China fell by a fifth in fourth quarter: IDC

    [ad_1] FILE PHOTO: A new iPhone X is sold at an Apple Store in Beijing, China November 3, 2017. REUTERS/Damir Sagolj/File Photo (Reuters) – Apple Inc iPhone sales in China fell 20 percent year-on-year in the fourth quarter of 2018, while sales for smartphones made by home-grown rival Huawei soared by 23 percent, data from…

  • Driverless delivery startup Nuro gets $940 million SoftBank investment

    Driverless delivery startup Nuro gets $940 million SoftBank investment

    [ad_1] FILE PHOTO – The unmanned delivery vehicle, Nuro, is seen during the Kroger annual shareholders meeting in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. Courtesy of Kroger/Handout via REUTERS (Reuters) – Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon…

  • Altria to tap European bond market to help fund Juul stake buy

    Altria to tap European bond market to help fund Juul stake buy

    [ad_1] Juul brand vaping pens are seen for sale in a shop in Manhattan in New York City, New York, U.S., February 6, 2019. REUTERS/Mike Segar (Reuters) – Altria Group will tap the European investment grade corporate bond market to help finance its $12.8 billion purchase of a stake in e-cigarette maker Juul Labs Inc,…

  • Swiss say Bombardier trains still fall short of expectations

    Swiss say Bombardier trains still fall short of expectations

    [ad_1] FILE PHOTO – The logo on the headquarters of the Swiss Federal Railways SBB is seen in Bern, Switzerland May 11, 2016. REUTERS/Ruben Sprich ZURICH (Reuters) – Swiss Federal Railways (SBB) said on Monday that new Bombardier trains have yet to live up to expectations and that both companies were working to correct issues,…

  • Iraq still at odds with Exxon, Petrochina over project: minister

    Iraq still at odds with Exxon, Petrochina over project: minister

    [ad_1] FILE PHOTO: Iraqi Oil Minister Thamer al-Ghadhban speaks to the media at the ministry’s headquarters in Baghdad, Iraq October 31, 2018. REUTERS/Khalid Al-Mousily/File Photo BASRA, Iraq (Reuters) – Iraqi Oil Minister Thamer Ghadhban said on Monday that disagreements remained over profit-sharing between the government and Exxon Mobil and Petrochina over its South Integrated Project.…

  • Investors’ cash buildup comes at a cost

    Investors’ cash buildup comes at a cost

    [ad_1] NEW YORK (Reuters) – Investors sitting on a mountain of cash built up since late last year may be paying a price for playing it too safe in the first weeks of 2019. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2019. REUTERS/Brendan McDermid…

  • PG&E to nominate five directors at May shareholder meeting

    PG&E to nominate five directors at May shareholder meeting

    [ad_1] FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – PG&E Corp (PCG.N), the California utility which filed for bankruptcy last month, expects to nominate five of its current directors for re-election at its annual shareholder meeting, it…

  • UBS revamps compensation scheme for 10,000 staff

    UBS revamps compensation scheme for 10,000 staff

    [ad_1] FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) – UBS (UBSG.S) has reorganized its pay policy for 10,000 back-office workers, Switzerland’s biggest lender said on Monday, changing how their bonuses are calculated. The staff — mainly working in functions like human…

  • World stocks gain as investors eye trade talks, Brexit

    World stocks gain as investors eye trade talks, Brexit

    [ad_1] LONDON (Reuters) – World stock markets rose on Monday, as investors eyed the resumption of trade talks between the United States and China and watched for signs of progress on Brexit. A man is seen in front of an electronic board showing stock information on the first day of trading in the Year of…

  • Qatar revamps investment strategy after Kushner building bailout

    Qatar revamps investment strategy after Kushner building bailout

    [ad_1] LONDON/NEW YORK/DUBAI (Reuters) – When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha. FILE PHOTO: U.S. President Donald Trump, flanked by White House senior advisor Jared Kushner, meets with Saudi Arabia’s Deputy Crown…

  • UK financial lobby group TheCityUk names HSBC’s Tucker as chairman

    UK financial lobby group TheCityUk names HSBC’s Tucker as chairman

    [ad_1] Mark Tucker Chairman of HSBC arrives at 10 Downing Street in London, Britain January 11, 2018. REUTERS/Peter Nicholls LONDON (Reuters) – British financial industry lobby group TheCityUk has appointed HSBC Chairman Mark Tucker as chairman of its board, it said on Monday, replacing his Barclays counterpart John McFarlane who will step down on May…

  • China upbeat on U.S. trade talks, but South China Sea tensions weigh

    China upbeat on U.S. trade talks, but South China Sea tensions weigh

    [ad_1] BEIJING (Reuters) – China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port…

  • China says hopes to see good results from U.S. trade talks

    China says hopes to see good results from U.S. trade talks

    [ad_1] FILE PHOTO: Hua Chunying, spokeswoman of China’s Foreign Ministry, speaks at a regular news conference in Beijing, China, January 6, 2016. REUTERS/Jason Lee BEIJING (Reuters) – China hopes to see good results from trade talks with the United States, the country’s foreign ministry said on Monday, as the the latest round of negotiations began…

  • Al Jazeera partners with Bloomberg to expand business coverage

    Al Jazeera partners with Bloomberg to expand business coverage

    [ad_1] The Al Jazeera Media Network logo is seen inside its headquarters in Doha, Qatar June 8, 2017. REUTERS/Naseem Zeitoon (Reuters) – Qatar’s Al Jazeera Media Network said on Monday it would partner with Bloomberg Media Distribution as part of a content license agreement to expand its global business news coverage. Select Bloomberg content like…

  • Asian shares search for direction as U.S.-China trade talks begin

    Asian shares search for direction as U.S.-China trade talks begin

    [ad_1] SYDNEY (Reuters) – Asian shares barely moved on Monday as investors were unable to shake worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe haven dollar near a six-week top against major currencies. A man sits in front of an electronic board showing stock information at a brokerage house…

  • Sanctions, OPEC cuts push Asia’s sour crude oil prices above Brent

    Sanctions, OPEC cuts push Asia’s sour crude oil prices above Brent

    [ad_1] SINGAPORE (Reuters) – Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said. FILE PHOTO: The logo of the Organization of…

  • Australian sovereign fund criticizes NAB’s leadership change

    Australian sovereign fund criticizes NAB’s leadership change

    [ad_1] FILE PHOTO – The logo of the National Australia Bank is displayed outside their headquarters building in central Sydney, Australia August 4, 2017. REUTERS/David Gray SYDNEY (Reuters) – The head of Australia’s sovereign wealth fund criticized National Australia Bank Ltd on Monday for the double resignation of its CEO and chairman after a misconduct…

  • Asian shares slip, looming U.S.-China trade talks in focus

    Asian shares slip, looming U.S.-China trade talks in focus

    [ad_1] SYDNEY (Reuters) – Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies. A man sits in front of an electronic board showing stock information…

  • Asian shares in tight range ahead of U.S.-China trade talks

    Asian shares in tight range ahead of U.S.-China trade talks

    [ad_1] SYDNEY (Reuters) – Asian shares started the week on the backfoot on Monday as worries about global growth, U.S. politics and the ongoing Sino-U.S. tariff war kept investors cautious, while the safe-haven greenback held near a six-week top against major currencies. A man sits in front of an electronic board showing stock information at…

  • Technology poised to disrupt Canada’s mortgage lending industry, experts say

    Technology poised to disrupt Canada’s mortgage lending industry, experts say

    [ad_1] Sometime in the near future, the majority of mortgage applications in Canada will be completed online or with a chatbot, mortgage expert Rob McLister predicts. McLister, who runs mortgage comparison website RateSpy.com, says unlike the United States and the United Kingdom, Canada has been slow to adopt technology — whether its using artificial intelligence…

  • UBS overhauls pay policy for 10,000 employees: Financial Times

    UBS overhauls pay policy for 10,000 employees: Financial Times

    [ad_1] FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo (Reuters) – UBS AG (UBSG.S) has overhauled its pay policy for 10,000 staff in an attempt to reduce uncertainty about bonuses and cut the amount of time managers spend on allocating them, the Financial Times…

  • Paris seeks $14 million from Airbnb for illegal adverts

    Paris seeks $14 million from Airbnb for illegal adverts

    [ad_1] FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo PARIS (Reuters) – The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of…

  • Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute

    Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute

    [ad_1] FILE PHOTO – Amazon CEO Jeff Bezos speaks during an address to attendees at Access Intelligence’s SATELLITE 2017 conference in Washington, U.S., March 7, 2017. REUTERS/Joshua Roberts/File Photo DUBAI (Reuters) – Saudi Arabia had “absolutely nothing to do” with the National Enquirer’s reporting on an extramarital relationship involving Amazon.com Inc Chief Executive Jeff Bezos,…

  • Could be over a year before proposed class actions against Aphria proceed

    Could be over a year before proposed class actions against Aphria proceed

    [ad_1] Another proposed class action has commenced against cannabis-producer Aphria, but it could take a while before it’s certified by a judge. Rochon Genova LLP says the suit is on behalf of people who purchased Aphria shares between Jan. 29, 2018 up to and including Nov. 30, 2018. Back in December, Koskie Minsky LLP also…

  • Russia’s Gazprombank says Venezuela’s PDVSA has not opened new accounts

    Russia’s Gazprombank says Venezuela’s PDVSA has not opened new accounts

    [ad_1] People visit a branch of Gazprombank in Moscow, Russia in this January 23, 2015 file photo. REUTERS/Maxim Zmeyev/Files MOSCOW (Reuters) – Russia’s Gazprombank said on Sunday that Venezuela’s state-run oil company PDVSA opened accounts with the bank several years ago and has not opened any accounts recently. Reuters reported on Saturday that PDVSA was…

  • Social engineering fraud, reusable packaging and fake olive oil: CBC’s Marketplace consumer cheat sheet

    Social engineering fraud, reusable packaging and fake olive oil: CBC’s Marketplace consumer cheat sheet

    [ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Fed up with excessive plastic packaging? Products ranging from Haagen-Dazs ice cream to shampoo could soon be available in specially designed reusable containers — if you live in the Toronto area. Loop…

  • Why some stores have pulled their self-checkout machines

    Why some stores have pulled their self-checkout machines

    [ad_1] When Jacqueline Burnett discovered that her local Canadian Tire in Toronto recently removed its self-checkout machines, she was ecstatic. “I can’t say enough with how impressed I was,” said Burnett who prefers to interact with a cashier and believes many other people feel the same way. “I think they’re on to something.” In an era where retail…

  • U.S.-China trade talks resume next week, focus on intellectual property

    U.S.-China trade talks resume next week, focus on intellectual property

    [ad_1] WASHINGTON (Reuters) – U.S. negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai,…

  • Exclusive: Venezuela shifts oil ventures’ accounts to Russian bank – document, sources

    Exclusive: Venezuela shifts oil ventures’ accounts to Russian bank – document, sources

    [ad_1] FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela January 28, 2019. REUTERS/Carlos Garcia Rawlins/File Photo CARACAS (Reuters) – Venezuela’s state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently…

  • Exclusive: Venezuela shifts oil ventures’ accounts to Russia’s Gazprombank – document, sources

    Exclusive: Venezuela shifts oil ventures’ accounts to Russia’s Gazprombank – document, sources

    [ad_1] FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela January 28, 2019. REUTERS/Carlos Garcia Rawlins/File Photo CARACAS (Reuters) – Venezuela’s state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently…

  • Jody Wilson-Raybould was involved in legal government talks about fate of SNC-Lavalin, sources say

    Jody Wilson-Raybould was involved in legal government talks about fate of SNC-Lavalin, sources say

    [ad_1] Canada’s former attorney general Jody Wilson-Raybould was involved in government discussions last fall about whether engineering firm SNC-Lavalin should be allowed to avoid criminal prosecution, and the talks were perfectly legal, government officials have told The Canadian Press. The officials said the government would have been remiss not to deliberate over the fate of the Quebec…

  • Marriott teams up with Kuwait Projects on St. Regis resort in Morocco

    Marriott teams up with Kuwait Projects on St. Regis resort in Morocco

    [ad_1] FILE PHOTO: A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly/File Photo DUBAI (Reuters) – United Real Estate Co., a unit of Kuwait Projects Co, and Marriott International said in a joint statement on Saturday that they had agreed to…

  • Jody Wilson-Raybould was involved in government talks about fate of SNC-Lavalin

    Jody Wilson-Raybould was involved in government talks about fate of SNC-Lavalin

    [ad_1] Government officials have told The Canadian Press that former attorney general Jody Wilson-Raybould was involved in government discussions last fall about whether engineering firm SNC-Lavalin should be allowed to avoid criminal prosecution. They say the discussions were perfectly legal and that the government would have been remiss not to deliberate over the fate of the…

  • Quadriga mystery deepens with little evidence of cold wallets containing $250M

    Quadriga mystery deepens with little evidence of cold wallets containing $250M

    [ad_1] A cryptocurrency analyst says there is little evidence that tens of millions of dollars of assets allegedly trapped on hard drives belonging to the deceased founder of a Canadian cryptocurrency exchange are being stored in so-called cold wallets. QuadrigaCX’s 30-year-old founder, Gerald Cotten, died unexpectedly in India on Dec. 9. It took more than a month…

  • Credit Suisse investment bank won’t shrink more: chairman

    Credit Suisse investment bank won’t shrink more: chairman

    [ad_1] ZURICH (Reuters) – Credit Suisse’s investment banking operation has been scaled back enough, Chairman Urs Rohner was quoted saying in a newspaper interview, underscoring the number two Swiss bank’s commitment to the business. FILE PHOTO: Chairman Urs Rohner of Swiss bank Credit Suisse addresses the bank’s annual shareholder meeting in Zurich, Switzerland April 27,…

  • German banks maneuver in Washington to temper Russia sanction risk

    German banks maneuver in Washington to temper Russia sanction risk

    [ad_1] FRANKFURT (Reuters) – German banks are seeking to blunt any fresh U.S. sanctions against Russia so they can continue existing business with Russian clients, according to an internal briefing paper prepared by a financial industry lobby group. FILE PHOTO: The financial district with the headquarters of Germany’s largest business bank, Deutsche Bank (C), is…

  • U.S. Steel wins tax breaks from one of America’s poorest cities

    U.S. Steel wins tax breaks from one of America’s poorest cities

    [ad_1] GARY, Indiana (Reuters) – United States Steel Corporation founded Gary, Indiana in 1906 – naming it after co-founder Elbert Henry Gary – and the city’s fortunes have been closely tied to the company ever since. FILE PHOTO: A woman walks her dogs along the lake front at Marquette Park in Gary, Indiana, U.S., September…

  • IMF’s Lagarde says oil exporters have not fully recovered from oil shock, cautions against ‘white elephant projects’

    IMF’s Lagarde says oil exporters have not fully recovered from oil shock, cautions against ‘white elephant projects’

    [ad_1] DUBAI (Reuters) – Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on “white elephant projects”. FILE PHOTO: International Monetary Fund (IMF) Managing Director Christine Lagarde attends the World Economic Forum (WEF) annual meeting in…

  • GM Canada says Oshawa production stopped due to supplier strike

    GM Canada says Oshawa production stopped due to supplier strike

    [ad_1] FILE PHOTO – The General Motors assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos Osorio TORONTO (Reuters) – Production at General Motors’ plant in Oshawa, Ontario, stopped at approximately 12:30 p.m. EST on Friday, a spokesman said, after the U.S. automaker exhausted its on-hand supply of seats from Lear Corp, where workers…

  • Ryanair CEO’s new share option scheme targets doubling profit in 5 years

    Ryanair CEO’s new share option scheme targets doubling profit in 5 years

    [ad_1] FILE PHOTO: Ryanair CEO Michael O’Leary holds a news conference in Machelen near Brussels, Belgium October 9, 2018. REUTERS/Francois Lenoir DUBLIN (Reuters) – Ryanair’s Chief Executive Michael O’Leary could earn almost 100 million euros ($113 million) if he doubles either the profitability or share price of the carrier within five years, under a new…

  • U.S. prosecutors weigh if American Media violated immunity deal: Bloomberg

    U.S. prosecutors weigh if American Media violated immunity deal: Bloomberg

    [ad_1] WASHINGTON (Reuters) – U.S. prosecutors are reviewing whether National Enquirer parent company American Media Inc violated an earlier agreement granting it legal immunity in exchange for cooperation given the tabloid’s handling of a story about Amazon.com Inc Chief Executive Jeff Bezos, Bloomberg News reported on Friday. Citing two people familiar with the matter, Bloomberg…

  • Boeing’s tanker program records $2.31 billion in losses over 3 years

    Boeing’s tanker program records $2.31 billion in losses over 3 years

    [ad_1] FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo (Reuters) – Boeing Co said on Friday it had recorded reach-forward losses of $2.31 billion related to the U.S. Air Force KC-46A aerial…

  • Trump official slams cartels as U.S. lawmakers push anti-OPEC bill

    Trump official slams cartels as U.S. lawmakers push anti-OPEC bill

    [ad_1] WASHINGTON (Reuters) – A senior administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group’s oil supply cuts. FILE PHOTO – A man fixes a sign with OPEC’s logo next to its headquarter’s…

  • Amazon exploring potential alternatives to New York HQ: source

    Amazon exploring potential alternatives to New York HQ: source

    [ad_1] WASHINGTON (Reuters) – Amazon.com Inc is exploring alternatives to locating part of its new headquarters in New York in case the plan should fail due to local opposition, a person briefed on the matter told Reuters on Friday. The online retailer has not yet acquired any land for the project, which would make it…

  • U.S. court throws out BlackRock fund fees lawsuit

    U.S. court throws out BlackRock fund fees lawsuit

    [ad_1] FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) – A U.S. federal court on Friday dismissed a lawsuit against BlackRock Inc that had accused the world’s largest fund manager of charging too much in investment advisory fees, according to a…

  • U.S. sues Lockheed, others for alleged kickbacks on nuclear site cleanup

    U.S. sues Lockheed, others for alleged kickbacks on nuclear site cleanup

    [ad_1] FILE PHOTO – Trade visitors are seen walking over a road crossing covered with Lockheed Martin branding at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo WASHINGTON (Reuters) – The United States has sued Lockheed Martin Corp, Lockheed Martin Services Inc, and Mission Support Alliance LLC, as well as a…

  • U.S. fund managers brace for consumer slowdown

    U.S. fund managers brace for consumer slowdown

    [ad_1] (Reuters) – With expectations for slowing growth escalating, U.S. fund managers are selectively avoiding stocks in consumer companies as lofty valuations, concerns about declining earnings estimates, and consumer confidence keep them on guard. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 1,…

  • EA’s ‘Fortnite’ rival wins 10 million gamers in three days

    EA’s ‘Fortnite’ rival wins 10 million gamers in three days

    [ad_1] (Reuters) – A game developed by Electronics Arts Inc as a competitor to the wildly popular “Fortnite” has signed up 10 million players within three days of its launch, the videogame maker said, driving its shares up 16 percent on Friday. An undated handout image from EA’s game Apex Legends. REUTERS/EA/Handout With “Apex Legends,”…

  • Exclusive: Tesla’s delivery team gutted in recent job cuts – sources

    Exclusive: Tesla’s delivery team gutted in recent job cuts – sources

    [ad_1] SAN FRANCISCO (Reuters) – When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said. FILE PHOTO: A Tesla logo…

  • Transport Canada orders new safety measures after CP derailment in B.C.

    Transport Canada orders new safety measures after CP derailment in B.C.

    [ad_1] Transport Canada has ordered new safety measures following Monday’s fatal Canadian Pacific derailment near Field, B.C. Trains must now apply handbrakes during emergency stops on all grades over 1.8 per cent, according to an order issued Friday afternoon from Transport Minister Marc Garneau. “As a precaution until such time that the exact cause of the accident…

  • Why a U.S. video game firm picked Calgary over Toronto for new studio

    Why a U.S. video game firm picked Calgary over Toronto for new studio

    [ad_1] As hungry as Calgarians are for any good news about economic development in their city these days, it’s not often that it causes much of a stir on social media. It was a different story this week though when U.S. video game developer New World Interactive (NWI) announced it had chosen Calgary as the home for its new Canadian studio. Within…

  • GM Oshawa plant resumes production, supplier strike ends

    GM Oshawa plant resumes production, supplier strike ends

    [ad_1] TORONTO (Reuters) – Production resumed at General Motors’ assembly plant in Oshawa, Ontario on Friday afternoon, ending a near three-hour standstill, after striking workers at seat supplier Lear Corp returned to work, the autoworkers’ union said. The General Motors assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos Osorio After Oshawa exhausted its…

  • World stocks post weekly loss; dollar keeps strengthening

    World stocks post weekly loss; dollar keeps strengthening

    [ad_1] NEW YORK (Reuters) – A gauge of global stocks fell for a third consecutive day on Friday amid uncertainty about global economic growth and trade tensions, posting its first weekly drop this year, while the U.S. dollar tallied its strongest week since August. MSCI’s gauge of stocks across the globe shed 0.35 percent on…

  • S&P, Nasdaq edge higher as earnings offset trade fears

    S&P, Nasdaq edge higher as earnings offset trade fears

    [ad_1] NEW YORK (Reuters) – The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day losing streak on Friday as positive corporate results offset lingering skepticism over the United States and China reaching a trade deal before the March 1 deadline. A screen displays a chart tracking the Dow Jones Industrial…

  • National Enquirer owner defends reporting on Amazon’s Bezos

    National Enquirer owner defends reporting on Amazon’s Bezos

    [ad_1] WASHINGTON (Reuters) – The owner of U.S. tabloid newspaper the National Enquirer pushed back on Friday against accusations of “extortion and blackmail” from Amazon.com Inc Chief Executive Jeff Bezos, saying its reporting on an extramarital relationship involving the world’s richest man was lawful and it would investigate his claims. Bezos on Thursday accused American…

  • Boeing records $2.31 billion reach-forward losses on tanker program over 3 years

    Boeing records $2.31 billion reach-forward losses on tanker program over 3 years

    [ad_1] FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo (Reuters) – Boeing said on Friday it had recorded reach-forward losses of $2.31 billion related to the U.S. Air Force KC-46A tanker program…

  • Persisting trade worries send Wall Street lower

    Persisting trade worries send Wall Street lower

    [ad_1] NEW YORK (Reuters) – The benchmark S&P 500 index fell for a third straight day on Friday as skepticism over the United States and China reaching a trade deal before a looming deadline added to concerns over slowing global growth. A screen displays a chart tracking the Dow Jones Industrial Average during the trading…

  • World stocks poised for weekly loss; dollar firms again

    World stocks poised for weekly loss; dollar firms again

    [ad_1] NEW YORK (Reuters) – World stocks fell for a third straight day on Friday on pessimism about global economic growth and trade tensions, putting them on track for their first weekly drop this year, while the U.S. dollar was on track for its biggest weekly gain since August. MSCI’s gauge of stocks across the…

  • A closer look at SNC-Lavalin’s sometimes murky past

    A closer look at SNC-Lavalin’s sometimes murky past

    [ad_1] One of Canada’s biggest engineering companies is at the centre of what appears to be a growing scandal engulfing Prime Minister Justin Trudeau and his government. The Globe and Mail reported Thursday that SNC-Lavalin lobbied the government to agree to a deferred prosecution agreement or remediation agreement. The company faces charges of fraud and corruption in connection…

  • Trump official slams cartels as lawmakers push anti-OPEC bill

    Trump official slams cartels as lawmakers push anti-OPEC bill

    [ad_1] WASHINGTON (Reuters) – A senior Trump administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group’s oil supply cuts. FILE PHOTO – A man fixes a sign with OPEC’s logo next to its…

  • Carbonite to acquire endpoint security company Webroot for $618.5M – TechCrunch

    Carbonite to acquire endpoint security company Webroot for $618.5M – TechCrunch

    [ad_1] Carbonite, the online backup and recovery company based in Boston, announced late yesterday that it will be acquiring Webroot, an endpoint security vendor, for $618.5 million in cash. The company believes that by combining its cloud backup service with Webroot’s endpoint security tools, it will give customers a more complete solution. Webroot’s history actually predates…

  • Imperial Oil CEO surprised Trump administration hasn’t launched trade attack against Alberta

    Imperial Oil CEO surprised Trump administration hasn’t launched trade attack against Alberta

    [ad_1] The chief executive of Imperial Oil is surprised the Trump administration has yet to take aim at Alberta. Beginning last month, the provincial government mandated oil companies cut production to boost prices in Western Canada.  Imperial Oil’s Rich Kruger told journalists on Thursday evening he expected U.S. government officials to criticize the policy because of its…

  • Annual pace of housing starts in Canada slowed in January, CMHC finds

    Annual pace of housing starts in Canada slowed in January, CMHC finds

    [ad_1] The Canada Mortgage and Housing Corp., said the annual pace of housing starts slowed in January, dropping less than was expected for the start of the year. The federal housing agency said the seasonally adjusted annual rate came in at 207,968 units for the first month of the year compared with 213,630 in December.…

  • Short seller Carson Block targets medical device company Inogen

    Short seller Carson Block targets medical device company Inogen

    [ad_1] FILE PHOTO – Carson Block, Chief Investment Officer, Muddy Waters Capital LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid BOSTON (Reuters) – Prominent short seller Carson Block is saying that medical device company Inogen Inc has inflated the size of its markets and expects the…

  • To guide or not to guide? Fed ‘dots’ complicate message

    To guide or not to guide? Fed ‘dots’ complicate message

    [ad_1] WASHINGTON (Reuters) – U.S. central bankers say clear communication is important, with economic research showing that if the public understands what the Federal Reserve is doing, monetary policy works better and the economy does better. FILE PHOTO: The seal for the Board of Governors of the Federal Reserve System is displayed in Washington, U.S.,…

  • From Gucci to Prada, fashion fails evoke racist imagery

    From Gucci to Prada, fashion fails evoke racist imagery

    [ad_1] Luxury fashion is all about breaking codes, creating a new, irresistible message that captivates consumers. But some of the globe’s top brands have raised eyebrows with designs that have racist connotations. The latest instance of that was Italian fashion designer Gucci, which produced a black wool balaclava sweater with an oversized collar that pulls…

  • Statistics Canada says economy added 67K jobs in January

    Statistics Canada says economy added 67K jobs in January

    [ad_1] The country saw a rush of 66,800 net new jobs in January in a gain fuelled by a hiring surge in the private sector, Statistics Canada said Friday. The agency’s latest labour force survey said more people also searched for work last month, which pushed the unemployment rate to 5.8 per cent, up from…

  • Darkening ‘global economic skies’ pull stocks lower

    Darkening ‘global economic skies’ pull stocks lower

    [ad_1] LONDON (Reuters) – Global stocks fell for a third straight day on Friday, and were set for their first weekly loss in seven, as investors worried about a broadening global economic slowdown and the lack of any sign of a resolution to the U.S.-China trade row. FILE PHOTO: Rain clouds pass over Canary Wharf…

  • Shell leads cash race but Exxon catching up

    Shell leads cash race but Exxon catching up

    [ad_1] LONDON (Reuters) – Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production. FILE PHOTO – Logos of the Exxon Mobil Corp, Royal Dutch Shell and Mobil…

  • Crypto bear market threatens to last as potential token supply weighs

    Crypto bear market threatens to last as potential token supply weighs

    [ad_1] NEW YORK (Reuters) – Cryptocurrencies may be facing a prolonged bear market. FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo Companies that issued tokens, or digital currencies, over the last two years…

  • Activist Elliott tells Pernod there is still work to do

    Activist Elliott tells Pernod there is still work to do

    [ad_1] PARIS (Reuters) – Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week’s first-half results but calling for boardroom changes and better margins. FILE PHOTO: A logo is seen on a bottle of the Ricard aniseed-flavoured beverage displayed during French drinks maker Pernod Ricard news conference to announce…

  • Sony stock jumps after first-ever share buyback announcement

    Sony stock jumps after first-ever share buyback announcement

    [ad_1] TOKYO (Reuters) – Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a hammering days earlier when investors freaked over lackluster earnings. FILE PHOTO – Journalists wait for Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida’s news conference on the…

  • Starbucks ‘unlikely’ to be overtaken in China by Luckin in 2019: CEO

    Starbucks ‘unlikely’ to be overtaken in China by Luckin in 2019: CEO

    [ad_1] MEXICO CITY (Reuters) – Starbucks Corp is unlikely to cede its leading position in China, the company’s fastest-growing major market, to Chinese startup Luckin in 2019, Starbucks CEO Kevin Johnson said in an interview on Thursday. Starbucks CEO Kevin Johnson, gestures during an during an interview with Reuters in Mexico City Mexico February 7,…

  • Activist fund Elliott keeps up pressure on drinks group Pernod

    Activist fund Elliott keeps up pressure on drinks group Pernod

    [ad_1] FILE PHOTO: A logo is seen on a bottle of the Ricard aniseed-flavoured beverage displayed during French drinks maker Pernod Ricard news conference to announce the company annual results in Paris, France, August 29, 2018. REUTERS/Christian Hartmann/File Photo PARIS (Reuters) – Activist hedge fund Elliott kept up the pressure on French drinks group Pernod…

  • Explainer: Why Shanghai’s new Nasdaq-style tech board may be a game-changer

    Explainer: Why Shanghai’s new Nasdaq-style tech board may be a game-changer

    [ad_1] HONG KONG/SHANGHAI (Reuters) – The detailed rules for a Nasdaq-style start-up board in Shanghai have fueled hopes among early-stage companies the new regime could bring about positive changes in China’s stance towards raising equity that investors have been seeking. FILE PHOTO: A man stands on the Bund in front of Shanghai’s financial district of…

  • Fed’s Bullard considers current U.S. rate setting ‘slightly restrictive’

    Fed’s Bullard considers current U.S. rate setting ‘slightly restrictive’

    [ad_1] FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo (Reuters) – The U.S. Federal Reserve’s interest rate increase in December likely tipped monetary policy into slightly restrictive territory, a step beyond the neutral level policymakers had hoped to hit, St.…

  • Asia stocks ease on anxiety over trade, growth risks

    Asia stocks ease on anxiety over trade, growth risks

    [ad_1] TOKYO (Reuters) – Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row. FILE PHOTO – An investor sits in front of displays showing stock information at a brokerage office…

  • Australia’s bruised big banks offered respite in inquiry wash-up

    Australia’s bruised big banks offered respite in inquiry wash-up

    [ad_1] SYDNEY (Reuters) – After a year of bruising interrogation, Australia’s oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed – but also an unexpected opportunity to rebuild. FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking…

  • U.S. bankruptcy judge approves sale of Sears to Chairman Lampert

    U.S. bankruptcy judge approves sale of Sears to Chairman Lampert

    [ad_1] NEW YORK (Reuters) – A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert’s $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to avert liquidation and preserve tens of thousands of jobs. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day after…

  • Fiat Chrysler paid $77 million in U.S. fuel economy penalties in 2018

    Fiat Chrysler paid $77 million in U.S. fuel economy penalties in 2018

    [ad_1] WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV told Reuters on Thursday it paid $77 million in U.S. civil penalties late last year for failing to meet 2016 model year fuel economy requirements, the first significant sign the industry is facing hurdles meeting rising emissions rules. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is…

  • Asia stocks fall on renewed anxiety over trade, growth risks

    Asia stocks fall on renewed anxiety over trade, growth risks

    [ad_1] TOKYO (Reuters) – Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row. FILE PHOTO – An investor sits in front of displays showing stock information at a brokerage office…

  • Sony stock perks up after first-ever share buyback announcement

    Sony stock perks up after first-ever share buyback announcement

    [ad_1] TOKYO (Reuters) – Sony Corp announced its first-ever share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover somewhat from the hammering it received earlier in the week when the technology firm reported lacklustre earnings. FILE PHOTO – Journalists wait for Sony Corp’s new President and Chief Executive Officer Kenichiro…

  • Amazon’s Bezos says National Enquirer owner tried to blackmail him

    Amazon’s Bezos says National Enquirer owner tried to blackmail him

    [ad_1] (Reuters) – Jeff Bezos, chief executive of Amazon.com Inc, has accused the owner of the National Enquirer of trying to blackmail him with the threat of publishing “intimate photos” he allegedly sent to his girlfriend unless he said in public that the supermarket tabloid’s reporting on him was not politically motivated. FILE PHOTO –…

  • J&J becomes first drugmaker to add prices to television ads

    J&J becomes first drugmaker to add prices to television ads

    [ad_1] FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo CHICAGO (Reuters) – Johnson & Johnson said on Thursday it will start adding the price of its medicines to television commercials by next month, becoming the first drugmaker to heed a call by U.S. President…

  • Asia stocks slip on renewed anxiety over trade, growth outlook

    Asia stocks slip on renewed anxiety over trade, growth outlook

    [ad_1] TOKYO (Reuters) – Asian stocks slipped on Friday as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row. FILE PHOTO – An investor sits in front of displays showing stock information at a brokerage office in…

  • Sony announces first-ever share buyback, stock rises 5 percent

    Sony announces first-ever share buyback, stock rises 5 percent

    [ad_1] FILE PHOTO – Journalists wait for Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida’s news conference on the company’s business plan at Sony’s headquarters in Tokyo, Japan May 22, 2018. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Sony Corp announced on Friday a share buyback of 100 billion yen ($910 million) – its…

  • No talks between Trump and China’s Xi before trade deadline

    No talks between Trump and China’s Xi before trade deadline

    [ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. U.S. President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of…

  • Bankruptcy judge gives Sears another chance, approves sale to chairman

    Bankruptcy judge gives Sears another chance, approves sale to chairman

    [ad_1] A bankruptcy judge has blessed a $5.2 billion plan by Sears chairman and biggest shareholder to keep the iconic business going. The approval means roughly 425 stores and 45,000 jobs will be preserved. Eddie Lampert’s bid through an affiliate of his ESL hedge fund overcame opposition from a group of unsecured creditors, including mall…

  • CMHC says housing market still highly vulnerable despite slight price drop

    CMHC says housing market still highly vulnerable despite slight price drop

    [ad_1] The Canada Mortgage and Housing Corporation (CMHC) says the housing market is still showing a high degree of vulnerability for the 10th straight quarter, despite some indications of price correction. In its quarterly housing market assessment, CMHC found that there are is still some market overvaluation — one of four factors the agency tracks to…

  • Trump, Xi unlikely to meet before March 1 trade deadline: U.S. officials

    Trump, Xi unlikely to meet before March 1 trade deadline: U.S. officials

    [ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping are unlikely to meet before a March 1 deadline set by their governments to reach a trade deal, U.S. officials said on Thursday. U.S. President Donald Trump and China’s President Xi Jinping chat as they walk along the front patio of the…

  • Someone could scoop up Slack before it IPOs – TechCrunch

    Someone could scoop up Slack before it IPOs – TechCrunch

    [ad_1] Earlier this week, Slack announced that it has filed the paperwork to go public at some point later this year. The big question is, will the company exit into the public markets as expected, or will one of the technology giants swoop in at the last minute with buckets of cash and take them…

  • Wall Street slides on rekindled U.S.-China trade fears

    Wall Street slides on rekindled U.S.-China trade fears

    [ad_1] (Reuters) – U.S. stocks sank over 1 percent on Thursday on fears that the United States and China would not be able to reach a trade deal with less than a month left in their fragile truce, adding to worries about a slowdown in global growth. FILE PHOTO: Traders work on the floor of…

  • Google open sources ClusterFuzz – TechCrunch

    Google open sources ClusterFuzz – TechCrunch

    [ad_1] Google today announced that it is open sourcing ClusterFuzz, a scalable fuzzing tool that can run on clusters with over 25,000 machines. The company has long used the tool internally and if you’ve paid particular attention to Google’s fuzzing efforts (and you have, right?), then this may all seem a bit familiar. That’s because…

  • Big court awards for ship cleanups may yield small returns for plaintiff

    Big court awards for ship cleanups may yield small returns for plaintiff

    [ad_1] A notorious scrap metal dealer from Nova Scotia is on the hook for more than $1.2 million in cleanup costs for two derelict vessels he owned, although the organization awarded the judgments is skeptical it will see much of that money. The Federal Court released two summary judgments Monday in matters between Tracy Donald Dodds and the administrator…

  • BCE says 5G network plans wouldn’t be delayed by a government ban on Huawei

    BCE says 5G network plans wouldn’t be delayed by a government ban on Huawei

    [ad_1] The CEO of Canada’s largest telecommunications and media group said Thursday that a government ban on Huawei network equipment wouldn’t delay the company’s plans for rolling out fifth-generation wireless services. BCE chief executive George Cope told analysts on a conference call that the company “clearly recognizes the issues at play” in regard to Huawei Technologies…

  • Wall Street hits session lows on U.S.-China trade fears

    Wall Street hits session lows on U.S.-China trade fears

    [ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – The three main U.S. stock indexes extended losses to hit session lows on Thursday after White House adviser Larry Kudlow said there was a pretty sizable distance to…

  • Chevron ties executive pay to methane and flaring reduction targets

    Chevron ties executive pay to methane and flaring reduction targets

    [ad_1] HOUSTON (Reuters) – Chevron Corp plans to set greenhouse gas emissions targets and tie executive compensation and rank-and-file bonuses to the reductions, the oil major said in its latest climate report released on Thursday. FILE PHOTO – The logo of Dow Jones Industrial Average stock market index listed company Chevron (CVX) is seen in…

  • Fiat Chrysler shares tumble as 2019 guidance disappoints

    Fiat Chrysler shares tumble as 2019 guidance disappoints

    [ad_1] MILAN (Reuters) – Fiat Chrysler (FCA) shares fell 11 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker’s longer-term targets. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018.…

  • Wall Street falls at open on global growth worries

    Wall Street falls at open on global growth worries

    [ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – U.S. stocks opened lower on Thursday as worries over a global slowdown were rekindled after the European Union cut its economic growth forecasts, while a slew of dismal…

  • Thomas Cook might sell airline to raise cash, shares climb

    Thomas Cook might sell airline to raise cash, shares climb

    [ad_1] LONDON (Reuters) – Thomas Cook said it was willing to sell its profitable airline business to raise cash to fund its fight back from losses racked up in 2018 and to cope with a tough year ahead, sending the travel group’s shares 12 percent higher. The oldest travel company in the world stumbled badly…

  • Renault to alert prosecutors over ex-CEO Ghosn’s wedding costs

    Renault to alert prosecutors over ex-CEO Ghosn’s wedding costs

    [ad_1] PARIS (Reuters) – Renault is investigating a sponsorship deal with the Chateau de Versailles that included a 50,000 euro ($57,000)personal benefit to its scandal-hit former chairman Carlos Ghosn, the carmaker said on Thursday. The company now plans to alert prosecutors, it said in a statement, confirming an earlier report in Le Figaro. Renault’s sponsorship…

  • World shares go weak as data disappoints, dollar extends power surge

    World shares go weak as data disappoints, dollar extends power surge

    [ad_1] LONDON (Reuters) – Mounting global growth worries thrust share markets into reverse on Thursday, while the dollar scored its longest winning run since a hot streak in early October that helped trigger a wave of worldwide ‘bear’ markets. A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration…

  • BB&T to buy SunTrust in biggest bank deal since 2009

    BB&T to buy SunTrust in biggest bank deal since 2009

    [ad_1] (Reuters) – BB&T Corp will buy SunTrust Banks Inc for about $28 billion in an all-stock deal, the companies said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis. FILE PHOTO – A BB&T bank is pictured in Alexandria, Virginia July 22, 2010. REUTERS/Molly Riley…

  • Italy denies it will ban Huawei, ZTE from its 5G plans

    Italy denies it will ban Huawei, ZTE from its 5G plans

    [ad_1] MILAN (Reuters) – Italy has denied a report it will ban China’s Huawei Technologies and ZTE Corp from playing a role in building its fifth-generation mobile phone network. FILE PHOTO: A man walks by a Huawei logo at a shopping mall in Shanghai, China, Dec. 6, 2018. REUTERS/Aly Song/File Photo “We have no intention…

  • BB&T Corp to buy SunTrust Banks in $66 billion all-stock deal

    BB&T Corp to buy SunTrust Banks in $66 billion all-stock deal

    [ad_1] FILE PHOTO – A BB&T bank is pictured in Alexandria, Virginia July 22, 2010. REUTERS/Molly Riley (Reuters) – BB&T Corporation said on Thursday it will buy rival SunTrust Banks Inc in an all-stock deal valued at $66 billion, creating the sixth-largest U.S. bank based on assets and deposits. SunTrust shareholders will receive 1.295 shares…

  • Thomas Cook looks to airline sale to raise cash

    Thomas Cook looks to airline sale to raise cash

    [ad_1] LONDON (Reuters) – Travel group Thomas Cook said it was willing to sell its profitable airline business to raise cash and fund its fight back from a torrid 2018 and signs of a tough year ahead. FILE PHOTO: A Thomas Cook Airbus A330 aircraft taxis across the tarmac at Manchester Airport in Manchester, Britain…

  • WeWork picks South Africa for first African foray

    WeWork picks South Africa for first African foray

    [ad_1] The WeWork logo is displayed outside of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid JOHANNESBURG (Reuters) – U.S. shared workspace provider WeWork plans to launch in South African later this year, it said on Thursday, a move that would mark the first African expansion for the…

  • Lots of work but fewer want it as participation rate shrinks: Don Pittis

    Lots of work but fewer want it as participation rate shrinks: Don Pittis

    [ad_1] Unless there’s a miracle medical breakthrough, the millennial generation will soon be able to stop worrying about baby boomers plugging up the job market and living in the nicest homes. According to The Economist magazine, “Peak Death” for boomers will strike in about 2034. “It will be very sad,” said The Economist in its cheeky style. “But…

  • Long, strange trip: How U.S. ethanol reaches China tariff-free

    Long, strange trip: How U.S. ethanol reaches China tariff-free

    [ad_1] NEW YORK/KUALA LUMPUR (Reuters) – In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia. FILE PHOTO: Clouds hover above a corn field in Dubuque, Iowa, U.S., July 26, 2018. REUTERS/Joshua Lott/File Photo Two months later – after a circuitous journey that included a ship-to-ship transfer…

  • Thomas Cook puts airline business up for sale to raise cash

    Thomas Cook puts airline business up for sale to raise cash

    [ad_1] LONDON (Reuters) – Travel group Thomas Cook said on Thursday it was willing to sell its airline business to raise cash and fund its fight back from a torrid 2018 and signs of a tough 2019 ahead. The Thomas Cook logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration The oldest…

  • Novartis CEO lauds Trump administration plan to overhaul rebates

    Novartis CEO lauds Trump administration plan to overhaul rebates

    [ad_1] ZURICH (Reuters) – Novartis AG Chief Executive Vas Narasimhan said his company’s prescription drug prices have been “flat to negative” over the last three years, and directed blame for high costs for U.S. patients on industry middlemen that manage drug benefits. FILE PHOTO: CEO Vas Narasimhan of Swiss drugmaker Novartis addresses the company’s annual…

  • Bank branches lose influence in battle for U.S. market share: study

    Bank branches lose influence in battle for U.S. market share: study

    [ad_1] (Reuters) – In a world with fewer branches, banks will need to rely more heavily on advertising to win market share, according to a study released on Thursday by McKinsey. People ride the escalators in the JP Morgan & Chase Co. building in New York October 24, 2013. REUTERS/Eric Thayer “The correlation between adding…

  • Volvo Cars feels margin pressure from U.S.-China tariff war

    Volvo Cars feels margin pressure from U.S.-China tariff war

    [ad_1] FILE PHOTO: Volvo Cars U.S. production plant is pictured in Ridgeville, South Carolina, U.S. June 20, 2018. REUTERS/Randall Hill STOCKHOLM, Feb 7 (Reuters) – Volvo Cars, owned by China’s Geely, reported higher full-year revenue on Thursday, but said its profit margins had slipped and were expected to remain under pressure this year. Carmakers have…

  • Asian shares inch up to four-month highs, NZ$ takes a dive

    Asian shares inch up to four-month highs, NZ$ takes a dive

    [ad_1] SYDNEY (Reuters) – Asian share markets edged up to four-month highs on Thursday with Australian equities the star performer while the New Zealand dollar sank after disappointing jobs data prompted investors to narrow the odds of a future rate cut. FILE PHOTO – People are reflected in a stock quotation board showing share price…

  • GM’s incentive plan for Cruise chief points to IPO: SEC filing

    GM’s incentive plan for Cruise chief points to IPO: SEC filing

    [ad_1] DETROIT (Reuters) – General Motors Co on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for the business. FILE PHOTO: General Motors President Dan Ammann speaks during GM’s press conference at the North American International Auto Show in Detroit,…

  • Fiat Chrysler, Bosch agree to pay $66 million in diesel legal fees: filing

    Fiat Chrysler, Bosch agree to pay $66 million in diesel legal fees: filing

    [ad_1] WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV and Robert Bosch have agreed to pay lawyers representing owners of U.S. diesel vehicles $66 million in fees and costs, according to court filing on Wednesday and people briefed on the matter. FILE PHOTO: A screen displays the ticker information for Fiat Chrysler Automobiles NV at the…

  • California utility PG&E vows more power shutdowns to prevent wildfire

    California utility PG&E vows more power shutdowns to prevent wildfire

    [ad_1] SACRAMENTO, Calif. (Reuters) – California utility PG&E Corp plans to increase the controversial practice of shutting off the power to communities at risk of wildfire when dangerous conditions such as high winds and dry heat are present. FILE PHOTO: A neighborhood destroyed by the Camp Fire is seen in Paradise, California, U.S., November 17,…

  • SoftBank shares soar 13 percent after $5.5 billion share buyback news

    SoftBank shares soar 13 percent after $5.5 billion share buyback news

    [ad_1] FILE PHOTO – The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo GLOBAL BUSINESS WEEK AHEAD TOKYO (Reuters) – SoftBank Group Corp shares jumped 13 percent on Thursday, a day after Chief Executive Masayoshi Son unveiled a $5.5 billion share buyback…

  • GM Cruise chief could earn $25 million in long-term incentives

    GM Cruise chief could earn $25 million in long-term incentives

    [ad_1] DETROIT (Reuters) – The head of General Motors Co’s Cruise self-driving car unit stands to make more than $25 million over the next decade if the technology subsidiary experiences a change in ownership or is listed publicly, according to a regulatory filing on Wednesday. FILE PHOTO: General Motors President Dan Ammann speaks during GM’s…

  • Qantas cancels order for 8 Airbus A380s amid doubts on jet’s future

    Qantas cancels order for 8 Airbus A380s amid doubts on jet’s future

    [ad_1] SINGAPORE (Reuters) – Australia’s Qantas Airways Ltd said on Thursday it formally canceled a longstanding order for eight Airbus SE A380 superjumbo jets. FILE PHOTO – A Qantas plane A380 takes off from Kingsford Smith International airport in Sydney June 26, 2013. REUTERS/Daniel Munoz The decision, which will remove the order placed in 2006…

  • Asian shares doze in data lull, New Zealand dollar takes a dive

    Asian shares doze in data lull, New Zealand dollar takes a dive

    [ad_1] SYDNEY (Reuters) – Asian share markets were in a muted mood on Thursday and looked set for a sleepy session with China still on holiday and no major economic data on the diary. FILE PHOTO – A woman points to an electronic board showing stock prices as she poses in front of the board…

  • At least four pharma CEOs to testify at Senate drug pricing hearing

    At least four pharma CEOs to testify at Senate drug pricing hearing

    [ad_1] NEW YORK (Reuters) – Drugmakers Pfizer Inc, Bristol-Myers Squibb Co and Sanofi SA said on Wednesday that their chief executives plan to testify at a Senate hearing on rising prescription drug prices later this month. FILE PHOTO: Sanofi’s Chief Executive Officer Olivier Brandicourt attends the company’s shareholders meeting in Paris, France, May 2, 2018.…

  • Chipotle’s fresh food campaign drives profit beat, shares surge

    Chipotle’s fresh food campaign drives profit beat, shares surge

    [ad_1] (Reuters) – Chipotle Mexican Grill Inc topped Wall Street forecasts for quarterly earnings as aggressive marketing helped lure more diners and boost online orders, sending its shares up 10 percent in after-hours trading on Wednesday. FILE PHOTO: The logo of Chipotle Mexican Grill is seen at a restaurant in Paris, March 7, 2016. REUTERS/Charles…

  • GoPro tops revenue estimates, posts first profit in five quarters

    GoPro tops revenue estimates, posts first profit in five quarters

    [ad_1] (Reuters) – GoPro Inc reported its first profit in five quarters on Wednesday and topped Wall Street estimates for revenue, as it cut costs and saw strong demand for the latest action cameras from its flagship HERO line. FILE PHOTO – A GoPro camera is seen on a skier’s helmet as he rides down…

  • Chipotle’s marketing, online push drive profit beat; shares jump 10 percent

    Chipotle’s marketing, online push drive profit beat; shares jump 10 percent

    [ad_1] (Reuters) – Chipotle Mexican Grill Inc topped Wall Street estimates for quarterly earnings as it lured diners with aggressive marketing and online orders spiked, sending its shares up 10 percent in after-hours trading on Wednesday. FILE PHOTO: The logo of Chipotle Mexican Grill is seen at a restaurant in Paris, March 7, 2016. REUTERS/Charles…

  • Scoot over Microsoft: Apple again the most valuable U.S. company

    Scoot over Microsoft: Apple again the most valuable U.S. company

    [ad_1] SAN FRANCISCO (Reuters) – Apple won back its crown as the most valuable publicly listed U.S. company on Wednesday, ending the session with a market capitalization above recent leaders Microsoft and Amazon.com. FILE PHOTO – The Apple logo hangs in a glass enclosure above the 5th Ave Apple Store in New York, September 20,…

  • High-margin pickup trucks drive GM profit, shares rise

    High-margin pickup trucks drive GM profit, shares rise

    [ad_1] DETROIT (Reuters) – General Motors Co on Wednesday reported a quarterly profit that exceeded Wall Street expectations, thanks to high-margin pickup trucks and small SUVs in the U.S. market and cost cutting. All of the No. 1 U.S. automaker’s profit came from North America, where those lucrative models helped overcome an overall drop in…

  • Wall Street declines as revenue forecasts disappoint

    Wall Street declines as revenue forecasts disappoint

    [ad_1] FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations. The Dow Jones Industrial Average fell 19.86…

  • Online travel sites will halt misleading sales tactics in U.K. — but no impact on Canada

    Online travel sites will halt misleading sales tactics in U.K. — but no impact on Canada

    [ad_1] Britain’s consumer watchdog has struck a deal with some of the world’s most popular online travel booking websites, getting them to be more transparent about hidden fees and stop implying certain hotels are in danger of being booked solid. Last year, Britain’s Competition and Markets Authority began an investigation into tactics such as pressure selling, misleading…

  • Siemens deal collapse fuels Alstom-Bombardier tie-up talk, shares rally

    Siemens deal collapse fuels Alstom-Bombardier tie-up talk, shares rally

    [ad_1] LONDON/MONTREAL (Reuters) – The European Commission’s decision to block a tie-up between Alstom and Germany’s Siemens is fueling speculation over possible merger talks between the French rail business and Canada’s Bombardier, lifting both companies’ shares on Wednesday. The logo of Alstom is seen on the company’s TGV high-speed train factory in Belfort, France, February…

  • Germany to seek antitrust reform in 2020 EU presidency: source

    Germany to seek antitrust reform in 2020 EU presidency: source

    [ad_1] BERLIN/BRUSSELS (Reuters) – Germany will seek to reform competition law during its European Union presidency in 2020, a government source told Reuters on Wednesday, hours after antitrust regulators blocked a rail deal between Siemens and Alstom. German Economy Minister Peter Altmaier addresses a news conference to present the national industry strategy for 2030 in…

  • Alstom, Bombardier stocks rise after EU blocks Siemens deal

    Alstom, Bombardier stocks rise after EU blocks Siemens deal

    [ad_1] LONDON, MONTREAL (Reuters) – The European Commission’s decision to block a tie-up between Alstom and Germany’s Siemens is fueling speculation about potential merger talks between France’s Alstom and Canada’s Bombardier, lifting both companies’ shares on Wednesday. The logo of Alstom is seen on the company’s TGV high-speed train factory in Belfort, France, February 6,…

  • French Senate rejects tougher telecoms controls despite U.S. Huawei warning

    French Senate rejects tougher telecoms controls despite U.S. Huawei warning

    [ad_1] FILE PHOTO: A Huawei sign is pictured at a shop in Beijing, China January 29, 2019. REUTERS/Jason Lee/File Photo PARIS (Reuters) – The French Senate rejected on Wednesday proposed legislation aimed at toughening checks on telecoms equipment, following a U.S. warning about Chinese telecoms giant Huawei. The new legislation was a last-minute addition by…

  • EU antitrust policy under fire after Siemens-Alstom deal blocked

    EU antitrust policy under fire after Siemens-Alstom deal blocked

    [ad_1] BRUSSELS/ZURICH (Reuters) – Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges. The European Commission also rejected a bid by German copper company Wieland-Werke AG to…

  • Downbeat earnings push Wall Street lower

    Downbeat earnings push Wall Street lower

    [ad_1] (Reuters) – Wall Street dipped on Wednesday as disappointing forecasts from videogame makers pulled the communications sector lower, but a boost from technology companies kept the main indexes near two-month highs. FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 4, 2019. REUTERS/Brendan…

  • Spotify buys Gimlet, Anchor to ramp up its podcast game

    Spotify buys Gimlet, Anchor to ramp up its podcast game

    [ad_1] Music streaming service Spotify is buying podcast companies Gimlet and Anchor as it looks to take on Apple’s popular iTunes’ podcasting platform. The acquisitions are an aggressive move by Spotify to expand into the small but burgeoning podcast industry. Gimlet Media has a podcast studio with dedicated intellectual-property development, production and advertising capabilities. Gimlet…

  • Big companies are not becoming data-driven fast enough – TechCrunch

    Big companies are not becoming data-driven fast enough – TechCrunch

    [ad_1] I remember watching MIT professor Andrew McAfee years ago telling stories about the importance of data over gut feeling, whether it was predicting successful wines or making sound business decisions. We have been hearing about big data and data-driven decision making for so long, you would think it has become hardened into our largest…

  • Lyft offers electric vehicle options for riders, drivers

    Lyft offers electric vehicle options for riders, drivers

    [ad_1] Lyft passengers will soon be able to request a ride in an electric or hybrid vehicle when they’re planning a trip. The ride-hailing company is launching the feature first in Seattle and then in other cities. The option will show up when passengers are choosing between available Lyft vehicles and it will not be…

  • Spotify posts first ever operating profit, but cautious outlook for 2019

    Spotify posts first ever operating profit, but cautious outlook for 2019

    [ad_1] (Reuters) – Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors. A smartphone and a headset are seen in front of a screen projection of Spotify logo, in…

  • U.S. trade deficit for November falls as imports decline

    U.S. trade deficit for November falls as imports decline

    [ad_1] WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in November amid declines in imports of cellphones and petroleum products. A container ship arrives at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California, U.S., January 30, 2019. REUTERS/Mike Blake The Commerce Department said on Wednesday the…

  • High-margin pickup trucks drive General Motors profit, shares rise

    High-margin pickup trucks drive General Motors profit, shares rise

    [ad_1] DETROIT (Reuters) – General Motors Co on Wednesday swung to a quarterly profit thanks to high-margin pickup trucks and crossovers in the U.S. market plus cost cutting and maintained its full-year 2019 earnings forecast, sending its shares up nearly 4 percent in pre-market trading. General Motors Co. displays the new Chevrolet 2020 Silverado HD…

  • U.S. pickup trucks, crossovers help GM swing to quarterly profit

    U.S. pickup trucks, crossovers help GM swing to quarterly profit

    [ad_1] General Motors Co. displays the new Chevrolet 2020 Silverado HD pickup truck at the GM Flint Assembly Plant in Flint, Michigan, U.S. February 5, 2019. REUTERS/Rebecca Cook DETROIT (Reuters) – General Motors Co on Wednesday swung to a quarterly profit from a year-earlier loss as profitable pickup trucks and crossovers in the U.S. market,…

  • Aphria board rejects hostile takeover offer by Green Growth Brands

    Aphria board rejects hostile takeover offer by Green Growth Brands

    [ad_1] The board of Aphria Inc. has rejected a hostile takeover bid by Green Growth Brands Inc., claiming the offer undervalues the cannabis heavyweight. In a statement Wednesday, Aphria says the board unanimously recommended the rejection after a committee reviewed the unsolicited offer. Late last month, Aphria said an independent committee of directors would review…

  • EU competition policy under fire after Siemens-Alstom deal blocked

    EU competition policy under fire after Siemens-Alstom deal blocked

    [ad_1] BRUSSELS/ZURICH (Reuters) – Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators rejected the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges. European Competition Commissioner Margrethe Vestager attends the weekly College of Commissioners meeting in Brussels,…

  • Reviving M&A hopes, Uniper starts open-minded talks with Fortum

    Reviving M&A hopes, Uniper starts open-minded talks with Fortum

    [ad_1] FRANKFURT/DUESSELDORF (Reuters) – Uniper said on Wednesday nothing was off limits in fresh talks with Finland’s Fortum, its top shareholder, renewing investor hopes for a full takeover of the 9.7 billion euro ($11.1 billion) German energy group. A logo of German energy utility company Uniper SE is pictured in the company’s headquarter in Duesseldorf,…

  • EU rejects Siemens and Alstom, Aurubis and Wieland mergers

    EU rejects Siemens and Alstom, Aurubis and Wieland mergers

    [ad_1] BRUSSELS (Reuters) – Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU antitrust regulators rejected the deal, saying that it would have hurt competition and led to higher prices for consumers. European Competition Commissioner Margrethe Vestager attends the weekly College of Commissioners meeting in Brussels, Belgium, Februray 6,…

  • German ministers to discuss Huawei’s role in 5G network: sources

    German ministers to discuss Huawei’s role in 5G network: sources

    [ad_1] BERLIN (Reuters) – German ministers will meet on Wednesday to discuss how to safeguard security in future 5G mobile networks, two government sources said, amid intense debate over whether to shut China’s Huawei Technologies out of the market. FILE PHOTO: A man walks by a Huawei logo at a shopping mall in Shanghai, China,…

  • China sales buoy Toyota’s profit, but U.S. weakness persists

    China sales buoy Toyota’s profit, but U.S. weakness persists

    [ad_1] TOKYO (Reuters) – Toyota Motor Corp’s quarterly profit edged up as demand for its bread-and-butter car models from cost-conscious Chinese buyers helped offset bleak North American sales, although the firm’s shares slipped as it cut its annual net income outlook. FILE PHOTO: The Toyota logo is seen on the bonnet of a newly launched…

  • Aussie dollar goes down under as global slowdown forces RBA shift

    Aussie dollar goes down under as global slowdown forces RBA shift

    [ad_1] LONDON (Reuters) – The Australian dollar nosedived after its central bank opened the door to a possible rate cut in a remarkable shift from its long-standing tightening bias, a further indication of global economic slowdown. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 8, 2018.…

  • German cabinet to hold secret session on Huawei’s role in 5G network: paper

    German cabinet to hold secret session on Huawei’s role in 5G network: paper

    [ad_1] FILE PHOTO: A man walks by a Huawei logo at a shopping mall in Shanghai, China, Dec. 6, 2018. REUTERS/Aly Song/File Photo BERLIN (Reuters) – The German cabinet will hold a secret session on Wednesday to discuss safeguard measures regarding the possible participation of China’s Huawei Technologies in building Germany’s 5G network, the daily…

  • Daimler fourth quarter tempered by weaker Mercedes earnings as tariffs hit

    Daimler fourth quarter tempered by weaker Mercedes earnings as tariffs hit

    [ad_1] FILE PHOTO: The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, REUTERS/Michaela Rehle/File Photo STUTTGART (Reuters) – Daimler’s fourth-quarter operating profit fell 22 percent as trade wars and ballooning costs for developing electric and self-driving cars hit profits at Mercedes-Benz cars, the company said on Wednesday. Daimler said the…

  • Asian shares subdued after Trump address, Aussie tumbles on RBA shift

    Asian shares subdued after Trump address, Aussie tumbles on RBA shift

    [ad_1] TOKYO/SYDNEY (Reuters) – Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union address failed to give markets fresh trading catalysts, while the Australian dollar nosedived after the central bank opened the door to a possible rate cut. FILE PHOTO: A man is reflected on an electronic board showing…

  • Toyota’s third-quarter operating profit edges up as Asia sales rise

    Toyota’s third-quarter operating profit edges up as Asia sales rise

    [ad_1] TOKYO (Reuters) – Toyota Motor Corp’s quarterly operating profit edged up as continued increase in sales in Asia, including China, offset lower sales in North America, its biggest market. FILE PHOTO: The Toyota logo is seen on the bonnet of a newly launched Camry Hybrid electric vehicle at a hotel in New Delhi, India,…

  • Asian shares subdued after Trump speech, Aussie slumps

    Asian shares subdued after Trump speech, Aussie slumps

    [ad_1] TOKYO/SYDNEY (Reuters) – Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union speech failed to give markets fresh trading catalysts, while the Australian dollar slumped after the central bank opened the door to a possible rate cut. FILE PHOTO: A man is reflected on an electronic board showing…

  • Tesla cuts Model 3 price for second time this year

    Tesla cuts Model 3 price for second time this year

    [ad_1] FILE PHOTO – A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake/File Photo (Reuters) – Electric carmaker Tesla Inc is lowering the price of its Model 3 by $1,100, citing the end of a costly customer referral program, a company…

  • EA cuts revenue outlook after ‘Battlefield’ disappoints, shares dive

    EA cuts revenue outlook after ‘Battlefield’ disappoints, shares dive

    [ad_1] (Reuters) – Videogame maker Electronic Arts cut its yearly revenue outlook on Tuesday after its newest “Battlefield” title sold about a million fewer units than expected, amid rising competition in an industry being reshaped by upstarts like “Fortnite” and “PUBG.” FILE PHOTO – The Electronic Arts Inc., logo is displayed on a screen during…

  • 1970s-era musicians sue Sony, UMG to reclaim song rights

    1970s-era musicians sue Sony, UMG to reclaim song rights

    [ad_1] NEW YORK (Reuters) – David Johansen, John Waite and other prominent 1970s musicians filed lawsuits on Tuesday accusing Sony Music Entertainment Inc and UMG Recordings Inc of improperly refusing to let them reclaim rights to songs they had long ago signed away. FILE PHOTO: The Sony logo is seen on a building in the…

  • Asian shares mark time before Trump speech

    Asian shares mark time before Trump speech

    [ad_1] SYDNEY (Reuters) – Asian shares started cautiously on Wednesday as investors waited to see if U.S. President Donald Trump drops any hints of progress on tariffs in his State of the Union speech. FILE PHOTO – A man (R) cleans electronic boards showing the Japan’s Nikkei average, the exchange rate between Japanese yen against…

  • Apple retail chief Angela Ahrendts to depart in April

    Apple retail chief Angela Ahrendts to depart in April

    [ad_1] (Reuters) – Apple Inc said on Tuesday that retail chief Angela Ahrendts will leave the company in April after five years on the job, the third departure of a retail head brought in from outside the company. The tech giant, which is known for its long-serving top executives, did not give a reason for…

  • Judge pauses lawsuits against cryptocurrency company Quadriga

    Judge pauses lawsuits against cryptocurrency company Quadriga

    [ad_1] TORONTO (Reuters) – A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits. Halifax judge Michael Wood on Tuesday ordered a 30-day stay that precludes filing of claims against Quadriga, a Canadian cryptocurrency exchange that…

  • ABC and parks boost Disney profit above forecasts

    ABC and parks boost Disney profit above forecasts

    [ad_1] (Reuters) – Walt Disney Co reported quarterly earnings on Tuesday that handily topped Wall Street estimates thanks to a booming theme park business and growth at its ABC broadcast network as the company invests in a digital media future. FILE PHOTO – The entrance to Walt Disney studios is seen in Burbank, California, U.S.…

  • Google’s still not sharing cloud revenue – TechCrunch

    Google’s still not sharing cloud revenue – TechCrunch

    [ad_1] Google has shared its cloud revenue exactly once over the last several years. Silence tends to lead to speculation to fill the information vacuum. Luckily there are some analyst firms who try to fill the void, and it looks like Google’s cloud business is actually trending in the right direction, even if they aren’t…

  • Google’s still not sharing cloud revenue – TechCrunch

    Google’s still not sharing cloud revenue – TechCrunch

    [ad_1] Google has shared its cloud revenue exactly once over the last several years. Silence tends to lead to speculation to fill the information vacuum. Luckily there are some analyst firms who try to fill the void, and it looks like Google’s cloud business is actually trending in the right direction, even if they aren’t…

  • Snap user number beats Wall Street estimate, shares soar

    Snap user number beats Wall Street estimate, shares soar

    [ad_1] (Reuters) – Snap Inc said the number of people using its Snapchat app would remain at current levels this quarter, easing worries the company would continue to lose users to rival Facebook Inc’s Instagram and sending its shares up more than 20 percent. FILE PHOTO: A woman stands in front of the logo of…

  • Disney profit beats, driven by theme parks, ABC network

    Disney profit beats, driven by theme parks, ABC network

    [ad_1] (Reuters) – Walt Disney Co’s reported quarterly earnings on Tuesday that topped Wall Street estimates thanks to the company’s booming theme park business and growth at the ABC broadcast network. FILE PHOTO – The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018. REUTERS/Lucy Nicholson Shares of Disney rose…

  • Consumer spending on track for worst year in decade, says National Bank

    Consumer spending on track for worst year in decade, says National Bank

    [ad_1] A slowing Canadian economy will result in consumer spending falling to its lowest level in a decade this year, according to a new report from the National Bank of Canada.  Economists at the bank expect real consumption growth — which is calculated once the impact of inflation is stripped out — to hit 1.3 per cent in 2019, which would be the lowest…

  • Small-cap stocks shrug off debt concerns, for the moment

    Small-cap stocks shrug off debt concerns, for the moment

    [ad_1] NEW YORK (Reuters) – Small-cap stocks were among the biggest losers during the stock market’s rout late last year as investors worried about high leverage, but they have outperformed in 2019’s rebounding market, with shares of debt-laden companies leading the charge. FILE PHOTO: Traders work on the floor of the New York Stock Exchange…

  • U.S. warns European allies not to use Chinese gear for 5G networks

    U.S. warns European allies not to use Chinese gear for 5G networks

    [ad_1] FILE PHOTO: A 5G sign is seen during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman/File Photo BRUSSELS (Reuters) – The United States sees the European Union as its top priority in a global effort to convince allies not to buy Huawei Technologies Co. equipment for next-generation mobile networks, a…

  • Growing field of activist investors pushes companies to perform better

    Growing field of activist investors pushes companies to perform better

    [ad_1] BOSTON (Reuters) – More investors who typically make passive bets flexed their muscles last year and helped push a total of 922 companies to perform better by improving operations and capital allocation, data from research group Activist Insight show. Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in…

  • BetterCloud can now manage any SaaS application – TechCrunch

    BetterCloud can now manage any SaaS application – TechCrunch

    [ad_1] BetterCloud began life as a way to provide an operations layer for G Suite. More recently, after a platform overhaul, it began layering on a handful of other SaaS applications. Today, the company announced, it is now possible to add any SaaS application to its operations dashboard and monitor usage across applications via an…

  • Backed by Benchmark, Blue Hexagon just raised $31 million for its deep learning cybersecurity software – TechCrunch

    Backed by Benchmark, Blue Hexagon just raised $31 million for its deep learning cybersecurity software – TechCrunch

    [ad_1] Nayeem Islam spent nearly 11 years with chipmaker Qualcomm, where he founded its Silicon Valley-based R&D facility, recruited its entire team and oversaw research on all aspects of security, including applying machine learning on mobile devices and in the network to detect threats early. Islam was nothing if not prolific, developing a system for on-device…

  • German state ready to buy company stakes to protect core industry

    German state ready to buy company stakes to protect core industry

    [ad_1] BERLIN (Reuters) – Germany’s government could take stakes in key domestic companies to prevent foreign takeovers, its Economy Minister said on Tuesday, presenting a marked shift in industrial strategy he said was needed to safeguard the country’s prosperity. German Economy Minister Peter Altmaier presents the national industry strategy for 2030 during a news conference…

  • General Electric to pay $57 million for missing French job target: ministry

    General Electric to pay $57 million for missing French job target: ministry

    [ad_1] FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) – General Electric is to pay 50 million euros ($57 million) for failing to meet a job creation target agreed when it took over…

  • Merkel sets out condition for Huawei’s participation in 5G network

    Merkel sets out condition for Huawei’s participation in 5G network

    [ad_1] FILE PHOTO: Company logo at the office of Huawei in Beijing, December 6, 2018. REUTERS/Thomas Peter/File Photo TOKYO (Reuters) – German Chancellor Angela Merkel said on Tuesday Germany needs guarantees that China’s Huawei Technologies will not hand over data to the Chinese state before the telecoms equipment supplier can participate in building its 5G…

  • Slack makes confidential filing to go public

    Slack makes confidential filing to go public

    [ad_1] (Reuters) – Slack Technologies Inc said on Monday it had confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly, moving business messaging service a step closer to going public in what is expected to be a high-profile year for initial public offerings. Slack still plans to pursue a direct listing…

  • UK music retailer HMV sold to Canada’s Sunrise Records

    UK music retailer HMV sold to Canada’s Sunrise Records

    [ad_1] FILE PHOTO: Pedestrians walk past an HMV shop in central London, Britain December 28, 2018. REUTERS/Peter Nicholls LONDON (Reuters) – HMV, the British music retailer that collapsed after Christmas, has been sold to the owner of Canada’s Sunrise Records in a deal that will save 100 stores and 1,487 jobs, its joint administrators said…

  • Asian stocks extend gains on firm Wall Street; dollar steady

    Asian stocks extend gains on firm Wall Street; dollar steady

    [ad_1] TOKYO (Reuters) – Asian stocks extended gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s cautious turn underpinned appetite for riskier assets, while the dollar held firm on last week’s upbeat U.S. data. FILE PHOTO – Visitors look at an electronic stock quotation board at the Tokyo Stock Exchange (TSE)…

  • Loose money era leaves trail of U.S. corporate debt junkies

    Loose money era leaves trail of U.S. corporate debt junkies

    [ad_1] NEW YORK (Reuters) – Many U.S. companies that gorged on cheap debt with forgiving terms over the last decade now find themselves shackled by it, spending much of their earnings paying off lenders rather than investing in their businesses or hiring. FILE PHOTO: A NYPD officer stands guard at the entrance of the Federal…

  • Panasonic shares plunge after profit warning, Tesla’s Maxwell deal

    Panasonic shares plunge after profit warning, Tesla’s Maxwell deal

    [ad_1] FILE PHOTO – A man is seen next to Panasonic Corp’s logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo GLOBAL BUSINESS WEEK AHEAD TOKYO (Reuters) – Shares of Panasonic Corp fell more than 6 percent on Tuesday after the Japanese electronics company reported disappointing quarterly results and cut its…

  • Asian stocks extend gains on firm Wall Street, Fed outlook

    Asian stocks extend gains on firm Wall Street, Fed outlook

    [ad_1] TOKYO (Reuters) – Asian stocks extended gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s cautious turn underpinned appetite for riskier assets, while the dollar held firm on last week’s upbeat U.S. data. FILE PHOTO – Visitors look at an electronic stock quotation board at the Tokyo Stock Exchange (TSE)…

  • Millions in cryptocurrencies frozen after Canadian founder’s death

    Millions in cryptocurrencies frozen after Canadian founder’s death

    [ad_1] TORONTO (Reuters) – About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December. Jewelry with the Bitcoin logo is seen on display at the Consensus 2018 blockchain technology conference in…

  • U.S. trade agency sees negotiating new WTO rules to rein in China as futile

    U.S. trade agency sees negotiating new WTO rules to rein in China as futile

    [ad_1] WASHINGTON (Reuters) – Negotiating new World Trade Organization rules to try to rein in China’s “mercantalist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses. FILE PHOTO: A woman walks past a bench painted…

  • Missing the points: Cardholders frustrated with PC Optimum

    Missing the points: Cardholders frustrated with PC Optimum

    [ad_1] Bob and Carol Bye pulled out their PC Optimum card to pay for their purchases at the grocery store in their hometown of Hanmer, Ont., but couldn’t believe it when the cashier told them they didn’t have enough points. “I was dumbfounded,” Bob Bye said about the missing points, a problem that seems to be happening…

  • Ottawa says Ontario’s call to drop retaliatory tariffs would mean ‘surrender’

    Ottawa says Ontario’s call to drop retaliatory tariffs would mean ‘surrender’

    [ad_1] Ottawa dismissed a call from Ontario’s economic development minister Monday to drop retaliatory tariffs against the United States, saying doing so would mean “unilateral surrender” to the Americans. The federal government applied tariffs on $16.6-billion worth of American imports of steel, aluminum and other products after the U.S. imposed steel and aluminum levies last…

  • ‘Bond King’ Bill Gross to retire from Janus Capital

    ‘Bond King’ Bill Gross to retire from Janus Capital

    [ad_1] William H. Gross, the colourful bond investor who once controlled the world’s largest mutual fund, is closing his professional career of more than 40 years and retiring to focus on managing his personal assets and private charitable foundation. Gross, 74, was nicknamed the “Bond King” after co-founding the investment firm Pimco in 1971 and…

  • Google parent Alphabet boosts revenue 21%

    Google parent Alphabet boosts revenue 21%

    [ad_1] Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, but its stock slid in after-hours trading. The company reported profit of $8.9 billion US on revenue of $39.3 billion. Its revenue grew more than 21 per cent from $32.3 billion a year ago. Analysts polled by FactSet were expecting earnings…

  • Chinese tech company Huawei bringing faster internet to rural B.C., officials deny security concerns

    Chinese tech company Huawei bringing faster internet to rural B.C., officials deny security concerns

    [ad_1] The controversial company at the centre of a diplomatic dispute between Canada and China is also a major player in a project to bring faster internet to rural B.C., even though some fear public perceptions may the hinder the initiative. The Chinese telecommunications giant, Huawei, is working with local internet service provider ABC Communications on a pilot…

  • GM begins layoffs mostly with 4,300 white-collar workers in U.S.

    GM begins layoffs mostly with 4,300 white-collar workers in U.S.

    [ad_1] General Motors began involuntary layoffs on Monday in Detroit, with about 4,300 white-collar workers among those affected across North America. The automaker announced cuts in November, including the closure of its Oshawa, Ont., plant, in a move expected to save the GM billions of dollars and help it prepare for an expected slowdown of the U.S. automotive…

  • Ontario, Quebec want retaliatory tariffs on U.S. goods removed

    Ontario, Quebec want retaliatory tariffs on U.S. goods removed

    [ad_1] The federal government should consider dropping retaliatory tariffs against the United States, Ontario’s economic development minister said Monday, as he and his Quebec counterpart pressed Ottawa for action on U.S. levies on steel and aluminum. The tariffs were imposed last year by the U.S., whose commerce secretary has said they were designed to address…

  • Pembina partners with Kuwait Petrochemicals for $4.5B upgrader

    Pembina partners with Kuwait Petrochemicals for $4.5B upgrader

    [ad_1] Pembina Pipeline Corp. says it is going ahead with its joint venture with Kuwait’s Petrochemical Industries Co. to build an integrated propane dehydrogenation plant and polypropylene upgrading facility in Alberta. The project is estimated to cost $4.5 billion including the plants and supporting facilities. Pembina’s share will be $2.5 billion including a 50 per…

  • Marijuana fertilized by fish waste? A Canadian cannabis company is making it happen

    Marijuana fertilized by fish waste? A Canadian cannabis company is making it happen

    [ad_1] The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc. aims to capitalize on, as the Canadian company plots a stock market listing and global expansion. In an underground southern Ontario facility surrounded by farmland, Green Relief operates a cutting-edge aquaponic farm, using filtered fish waste…

  • Chicago RPA startup Catalytic hauls in $30M Series B – TechCrunch

    Chicago RPA startup Catalytic hauls in $30M Series B – TechCrunch

    [ad_1] Robotics Process Automation (RPA) is as hot as any enterprise technology at the moment, as companies look for ways to marry their legacy systems with a more modern flavor of automation. Catalytic, a startup from the midwest is putting its own flavor on RPA, aiming at more unstructured data. Today it was rewarded with…

  • Improving profitability at Deutsche Bank is biggest challenge: S&P

    Improving profitability at Deutsche Bank is biggest challenge: S&P

    [ad_1] FILE PHOTO – The headquarters of Germany’s Deutsche Bank are seen early evening in Frankfurt, Germany January 31, 2017. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday and said profitability is the lender’s biggest hurdle. The bank’s earnings for the fourth quarter, announced on…

  • Janus Henderson says bond manager Bill Gross to retire

    Janus Henderson says bond manager Bill Gross to retire

    [ad_1] FILE PHOTO – Bill Gross, Portfolio Manager, Janus Capital Group, listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2017. REUTERS/Lucy Nicholson (Reuters) – Janus Henderson said on Monday veteran bond manager Bill Gross, who joined the firm in late 2014, will retire and has decided to focus on…

  • Starboard chief Smith steps in at Papa John’s

    Starboard chief Smith steps in at Papa John’s

    [ad_1] FILE PHOTO – Jeffrey Smith, Managing Member, CEO and Chief Investment Officer for Starboard Value LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid (Reuters) – Starboard Value LP will make a $200 million investment in Papa John’s International Inc and the activist hedge fund’s chief…

  • The hits, misses, and surprises of this year’s Super Bowl Commercials

    The hits, misses, and surprises of this year’s Super Bowl Commercials

    [ad_1] This year in the ad game, there were hits, misses and surprises. The surprises likely provided more drama than the game itself.   “I was absolutely floored by the Bud Light Game of Thrones combo ad,” said Andrew Simon, the chief creative officer of Edelman Canada. “That is going to remembered for a long time to come.” The spot started out as though it would be another fun instalment of the…

  • Euronext may sweeten offer for Oslo Bors as Nasdaq makes rival bid

    Euronext may sweeten offer for Oslo Bors as Nasdaq makes rival bid

    [ad_1] PARIS (Reuters) – Stock markets operator Euronext said on Monday it may increase its offer for Oslo Bors VPS after Nasdaq made a higher rival bid. FILE PHOTO: Company stock price information is displayed on screens as they hang above the Paris stock exchange, operated by Euronext NV, in La Defense business district in…

  • Fish help fuel bumper cannabis crops for Canadian producer

    Fish help fuel bumper cannabis crops for Canadian producer

    [ad_1] TORONTO (Reuters) – The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc aims to capitalize on, as the Canadian company plots a stock market listing and global expansion. Production team member Justyna Cetnar removes dead leaves from cannabis plants in an aquaponics grow operation by…

  • Four senior executives leave AutoNation amid restructuring, bleak outlook

    Four senior executives leave AutoNation amid restructuring, bleak outlook

    [ad_1] (This January 7 story corrects headline to clarify four senior executives are leaving the company, not its four top executives.) (Reuters) – AutoNation Inc said on Monday four senior executives including chief operating officer are leaving the company as it restructures to cut costs and expects automotive retail to be challenging this year. The…

  • Australia bank inquiry does not recommend individual criminal charges

    Australia bank inquiry does not recommend individual criminal charges

    [ad_1] SYDNEY (Reuters) – A powerful public inquiry into Australia’s finance industry referred 24 instances of bad corporate behavior to regulators for possible prosecution but did not suggest any individuals be criminally prosecuted in its final report released on Monday. The behavior included the widespread charging of fees for services not rendered. The inquiry’s recommendations…

  • Australian Treasurer says bank inquiry to end industry uncertainty

    Australian Treasurer says bank inquiry to end industry uncertainty

    [ad_1] FILE PHOTO: The new Treasurer Josh Frydenberg attends the swearing-in ceremony in Canberra, Australia August 24, 2018. REUTERS/David Gray SYDNEY (Reuters) – Australian Treasurer Josh Frydenberg on Monday said the final report of a wide-scale inquiry into the banking system would end uncertainty hanging over an industry that was “a key artery” of the…

  • Australia to overhaul regulators after landmark banking inquiry

    Australia to overhaul regulators after landmark banking inquiry

    [ad_1] Australia’s corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector designed to combat the excessive greed and unethical practices that have engulfed some of the country’s biggest financial institutions. FILE PHOTO: A combination of photographs shows people using automated teller machines (ATMs) at Australia’s “Big Four”…

  • Asia stocks quiet, dollar firm after upbeat U.S. job data

    Asia stocks quiet, dollar firm after upbeat U.S. job data

    [ad_1] TOKYO (Reuters) – Asia stocks hovered near four-month highs on Monday after a mixed performance on Wall Street at the close of last week, while the dollar firmed against the yen following strong U.S. job and manufacturing data. FILE PHOTO: A digital board displays stock information at a brokerage office in Beijing, China, December…

  • Goldman Sachs invests in HSBC-backed fintech app Bud

    Goldman Sachs invests in HSBC-backed fintech app Bud

    [ad_1] FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo LONDON (Reuters) – Goldman Sachs (GS.N) is among the investors in a $20 million fundraising for financial technology firm…

  • Asia stocks quiet, dollar supported after upbeat U.S. jobs data

    Asia stocks quiet, dollar supported after upbeat U.S. jobs data

    [ad_1] TOKYO (Reuters) – Asia stocks were barely moved on Monday, staying near a four-month high after Wall Street’s tepid pre-weekend performance, while the dollar was supported against the yen following strong U.S. jobs and manufacturing data. FILE PHOTO: A digital board displays stock information at a brokerage office in Beijing, China, December 7, 2018.…

  • GM trying to ‘intimidate’ union from airing Super Bowl ad, Unifor says

    GM trying to ‘intimidate’ union from airing Super Bowl ad, Unifor says

    [ad_1] The union that represents workers at General Motors’ Oshawa plant say the auto giant is trying to “strong-arm” it from airing a critical ad during this year’s Super Bowl and on social media.  On Friday, legal counsel for GM Canada sent a letter addressed to Jerry Dias, national president of Unifor, demanding that the union…

  • Nissan scraps plan to build new X-Trail model in Britain

    Nissan scraps plan to build new X-Trail model in Britain

    [ad_1] LONDON (Reuters) – Carmaker Nissan has scrapped plans to build its new X-Trail SUV in Britain and will produce it solely in Japan, warning two months before Brexit that uncertainty over Britain’s departure was making it harder to plan for the future. FILE PHOTO: A Nissan logo is seen at a car dealership in…

  • Vote for your favourite Super Bowl commercial starring a Canadian

    Vote for your favourite Super Bowl commercial starring a Canadian

    [ad_1] Vancouver crooner Michael Bublé is following in the footsteps of a select group of famous Canadians who have appeared in Super Bowl commercials with his ad for Bubly.  Those celebs include fellow  performers Justin Bieber and Drake, actors Michael J. Fox, William Shatner and Ryan Reynolds, as well as athletes Bobby Orr and Lauren Woolstencroft.  Since 1985, more than 20 Super Bowl commercials have featured Canadian stars.  Research suggests the ads…

  • Canadian celebs making a big mark with Super Bowl commercials

    Canadian celebs making a big mark with Super Bowl commercials

    [ad_1] Ask Michael Bublé what’s in a name this weekend and his answer might be one word: Money.    The singer is the latest Canadian to land a lucrative Super Bowl commercial, which was released late this week. Bublé is putting his name behind Bubly, the new water brand from Pepsi. Or maybe it’s the other way around.    “They…

  • Undercover in a nursing home, secret scalpers OK and ginger ale labels: CBC’s Marketplace consumer cheat sheet

    Undercover in a nursing home, secret scalpers OK and ginger ale labels: CBC’s Marketplace consumer cheat sheet

    [ad_1] Miss something this week? Don’t panic. CBC’s Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Canada Dry is dropping ‘made from real ginger’ claims The drink’s labels will be changed after years of fighting false advertising lawsuits over how much ginger, if any, is in the beverage. The…

  • China’s services sector moderates in January but still solid: Caixin PMI

    China’s services sector moderates in January but still solid: Caixin PMI

    [ad_1] BEIJING, (Reuters) – China’s sprawling services sector maintained a solid pace of expansion in January even though growth moderated slightly, a private survey showed on Sunday, offering continued support for the world’s second-largest economy as manufacturing cools. FILE PHOTO: A sales promoter waits for customers at a discount department store in Beijing January 19,…

  • General Motors says in talks to invest $2.73 billion in Brazil till 2024

    General Motors says in talks to invest $2.73 billion in Brazil till 2024

    [ad_1] The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio SAO PAULO (Reuters) – General Motors Co said on Saturday it is negotiating “feasibility conditions” to invest 10 billion reais ($2.73 billion) in Brazil from 2020 to 2024, after having warned last month…

  • Nissan to cancel plans to make X-Trail SUV in UK: Sky News

    Nissan to cancel plans to make X-Trail SUV in UK: Sky News

    [ad_1] LONDON (Reuters) – Japanese carmaker Nissan is cancelling plans to make the next model of its X-Trail sports utility vehicle in Britain, less than two months before the country is due to leave the European Union, broadcaster Sky News said on Saturday. FILE PHOTO: The Nissan logo is seen at Nissan Motor’s global headquarters…

  • Nissan to cancel UK X-Trail manufacture plans: Sky News

    Nissan to cancel UK X-Trail manufacture plans: Sky News

    [ad_1] FILE PHOTO: The Nissan logo is seen at Nissan Motor’s global headquarters building in Yokohama, Japan, Dec. 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo LONDON (Reuters) – Japanese carmaker Nissan will announce on Monday that it is cancelling plans announced in 2016 to manufacture a new model of its X-Trail compact SUV in Britain, broadcaster Sky…

  • Toyota, Fiat report fall in U.S. auto sales in January

    Toyota, Fiat report fall in U.S. auto sales in January

    [ad_1] (Reuters) – Toyota Motor Corp on Friday reported a 6.6 percent fall in U.S. vehicle sales for January, hurt by lower demand for its Camry and Prius cars. FILE PHOTO – The Toyota logo is pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6,…

  • What to expect from Monday’s emergency summit on Venezuela

    What to expect from Monday’s emergency summit on Venezuela

    [ad_1] One of Canada’s top former diplomats says that Canadians shouldn’t expect to see much more than a statement of principles coming out of an emergency Lima Group meeting on Venezuela that Ottawa is hosting Monday. “I would expect there would be a declaration asking for movement forward, asking for continued respect for human rights and really…

  • Stock rally flags after strong U.S. data, bond yields rise

    Stock rally flags after strong U.S. data, bond yields rise

    [ad_1] NEW YORK (Reuters) – Bond yields rose and stock markets mostly edged higher on Friday after U.S. employment and manufacturing data underscored a strong economy with little wage inflation, but a gloomy outlook from Amazon.com gave investors pause. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…

  • U.S. corporate earnings trend stokes concern about 2019 outlook

    U.S. corporate earnings trend stokes concern about 2019 outlook

    [ad_1] NEW YORK (Reuters) – U.S. companies are beating analysts’ expectations this earnings season, but to a smaller degree than normal, and S&P 500 companies are now barely expected to eke out an increase in profits for the first quarter of 2019. FILE PHOTO: A street sign for Wall Street is seen outside the New…

  • GE wins $517 million U.S. defense contract: Pentagon

    GE wins $517 million U.S. defense contract: Pentagon

    [ad_1] FILE PHOTO: A trade visitor walks past a General Electrics Aviation pavilion at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville WASHINGTON (Reuters) – General Electric Aviation, a unit of General Electric Co, has been awarded a $517 million U.S. Army contract for the engineering and manufacturing development phase of the…

  • Co-founder of Canadian coffee chain Tim Horton’s dies

    Co-founder of Canadian coffee chain Tim Horton’s dies

    [ad_1] FILE PHOTO: File photos of Wendy’s International Inc. founder Dave Thomas (L) and Ron Joyce, President and CEO of the Calgary, Alberta-based Tim Horton’s donut chain, chat during a break in an afternoon board meeting./File Photo TORONTO (Reuters) – Ron Joyce, Canadian businessman and co-founder of coffee and donut chain Tim Horton’s has died…

  • Fed pause validates market fears about U.S. growth

    Fed pause validates market fears about U.S. growth

    [ad_1] NEW YORK (Reuters) – While the U.S. Federal Reserve’s indication it is done raising interest rates – for now – has fueled stock gains, investors worry the U.S. central bank’s pledge is a double-edged sword and implicit confirmation of the markets’ lingering anxiety about growth. Traders work on the floor of the New York…

  • U.S. FCC faces tough questions from court on net neutrality repeal

    U.S. FCC faces tough questions from court on net neutrality repeal

    [ad_1] WASHINGTON (Reuters) – A federal appeals court asked pointed questions of the Federal Communication Commission on Friday in hearing a challenge to whether the Trump administration acted legally when it repealed landmark net neutrality rules governing internet providers in December 2017. FILE PHOTO: The Federal Communications Commission (FCC) logo is seen before the FCC…

  • Foxconn vows to build Wisconsin plant after talk with Trump

    Foxconn vows to build Wisconsin plant after talk with Trump

    [ad_1] WASHINGTON/CHICAGO (Reuters) – Foxconn Technology said on Friday it will build a factory in Wisconsin after the company’s chairman spoke to U.S. President Donald Trump, following a Reuters report earlier this week that the Taiwanese company was reconsidering its plans. FILE PHOTO – Heavy machinery is seen before the arrival of U.S. President Donald…

  • GM meets with lawmakers over racism allegations at Ohio plant

    GM meets with lawmakers over racism allegations at Ohio plant

    [ad_1] WASHINGTON (Reuters) – Senior General Motors Co executives met this week with Ohio’s two senators and other lawmakers on Capitol Hill after African American employees sued the automaker accusing it of allowing a racially hostile work atmosphere. FILE PHOTO: Sen. Sherrod Brown (D-OH), (L), makes remarks to the press as Sen. Rob Portman (R-OH)…

  • Democratic lawmaker re-introduces bills to strengthen antitrust

    Democratic lawmaker re-introduces bills to strengthen antitrust

    [ad_1] U.S. Senator Amy Klobuchar (D-MN) wells up with tears, as she speaks during a Senate Judiciary Committee meeting to vote on the nomination of Judge Brett Kavanaugh to be a U.S. Supreme Court associate justice on Capitol Hill in Washington, U.S., September 28, 2018. REUTERS/Jim Bourg WASHINGTON (Reuters) – Senator Amy Klobuchar, the top…

  • Fed’s Kaplan says he has had concerns on risks since October

    Fed’s Kaplan says he has had concerns on risks since October

    [ad_1] AUSTIN, Texas (Reuters) – The Federal Reserve is doing the right thing by keeping interest rates on hold and should do so for months, not weeks, as it assesses downside risks, Dallas Federal Reserve Bank president Robert Kaplan said on Friday, adding that this has been his view since late last year. “My position…

  • Focused on Powell, markets missed signs Fed would pause

    Focused on Powell, markets missed signs Fed would pause

    [ad_1] AUSTIN, Texas (Reuters) – The Federal Reserve’s decision Wednesday to scrap a promise for further rates hikes and be “patient” on further moves took financial markets and economists by surprise, but the signs were plain to see. That is the view, at least, of Dallas Fed President Robert Kaplan, who has been warning of…

  • U.S. job gains largest in 11 months; unemployment rate rises

    U.S. job gains largest in 11 months; unemployment rate rises

    [ad_1] WASHINGTON (Reuters) – U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more interest rate hikes this year. The Labor Department said its closely watched monthly employment report on…

  • Amazon jitters offset upbeat jobs data on Wall Street

    Amazon jitters offset upbeat jobs data on Wall Street

    [ad_1] (Reuters) – Wall Street ended mixed on Friday, as optimism from a surge in January U.S. job growth was offset by a weaker-than-expected outlook from Amazon.com Inc that battered retail stocks. The online retail heavyweight slumped 5.38 percent after its quarterly sales forecast fell short of Wall Street estimates, overshadowing its record sales and…

  • Exxon Mobil profit tops estimates as production rebounds

    Exxon Mobil profit tops estimates as production rebounds

    [ad_1] HOUSTON (Reuters) – Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimates, pushing its shares up as oil and natural gas output rose slightly on a year-over-year basis. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio…

  • Bombardier faces penalties over late deliveries in Toronto: Metrolinx

    Bombardier faces penalties over late deliveries in Toronto: Metrolinx

    [ad_1] FILE PHOTO – The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker MONTREAL (Reuters) – Bombardier Inc faces financial penalties for the late delivery of three vehicles, a Toronto-area transportation agency said on Friday,…

  • Goldman Sachs says 1MDB scandal could hit pay for top executives

    Goldman Sachs says 1MDB scandal could hit pay for top executives

    [ad_1] FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – The board of Goldman Sachs Group Inc said on Friday it is withholding a bonus worth at…

  • U.S. agency seeks approval to take over Sears pensions

    U.S. agency seeks approval to take over Sears pensions

    [ad_1] NEW YORK (Reuters) – A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day…

  • Vice Media to cut 10% of workforce

    Vice Media to cut 10% of workforce

    [ad_1] Vice Media is cutting 250 jobs globally as it seeks to achieve profitability. It is the latest round of layoffs as the media industry contracts. The cuts affect about 10 per cent of Vice’s 2,500 staff, said company spokeswoman Danielle Carrig. But she said Vice plans to add jobs as well in departments including…

  • Tesla begins sales of cheaper Model 3 car variant in China

    Tesla begins sales of cheaper Model 3 car variant in China

    [ad_1] BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing. The California-based firm said in a statement that Chinese customers will…

  • Foxconn says it will build plant in Wisconsin after talk with Trump

    Foxconn says it will build plant in Wisconsin after talk with Trump

    [ad_1] FILE PHOTO – Heavy machinery is seen before the arrival of U.S. President Donald Trump as he participates in the Foxconn Technology Group groundbreaking ceremony for its LCD manufacturing campus, in Mount Pleasant, Wisconsin, U.S., June 28, 2018. REUTERS/Darren Hauck WASHINGTON (Reuters) – Foxconn Technology said Friday it will build a factory in Wisconsin…

  • ‘A first of its kind’: Indigenous centred degree business program in the works

    ‘A first of its kind’: Indigenous centred degree business program in the works

    [ad_1] A specialized bachelor of Indigenous Entrepreneurship program is in the works at St.Paul’s University College at the University of Waterloo, which is a “first of its kind” according to the director of the school’s Indigenous student centre, Lori Campbell. The program aims to teach upcoming Indigenous and non-Indigenous students business management skills from an Indigenous perspective and focus on breaking down the…

  • Stocks rally on U.S. economic data, bond yields rise

    Stocks rally on U.S. economic data, bond yields rise

    [ad_1] NEW YORK (Reuters) – Global equity markets and bond yields rose on Friday after U.S. employment and manufacturing data underscored a strong economy with little wage inflation, a Goldilocks mix that could allow the Federal Reserve to stand pat on raising interest rates soon. Traders work on the floor of the New York Stock…

  • Vancouver cannabis company wins lottery for POT stock symbol

    Vancouver cannabis company wins lottery for POT stock symbol

    [ad_1] The chief executive of cannabis company Weekend Unlimited Inc. says winning the POT stock ticker lottery was a “wonderful surprise” for the small company which is hoping the catchy symbol will help it stand out in the sector. After being selected in the lottery conducted by several stock exchanges, Weekend plans to switch its…

  • U.S. added 304,000 jobs last month, despite government shutdown

    U.S. added 304,000 jobs last month, despite government shutdown

    [ad_1] U.S. employers shrugged off last month’s partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The healthy gain illustrates the job market’s durability nearly a decade into the economic expansion. The U.S. has now added jobs for 100 straight months, the longest…

  • Former SNC-Lavalin CEO pleads guilty to breach of trust

    Former SNC-Lavalin CEO pleads guilty to breach of trust

    [ad_1] Former SNC-Lavalin CEO Pierre Duhaime pleaded guilty to one count of breach of trust when he appeared in a courtroom in Montreal this morning. Quebec’s anti-corruption squad arrested Duhaime, 64, in November 2012 on charges including fraud, conspiracy and forgery related to a $1.3-billion contract to build a super hospital in Montreal. He was to stand trial before a Quebec court…

  • Fiat Chrysler U.S. auto sales rise 2 percent in January

    Fiat Chrysler U.S. auto sales rise 2 percent in January

    [ad_1] FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – Fiat Chrysler Automobiles NV on Friday reported a 2 percent rise in U.S. auto sales for January on higher demand for its Ram pickup trucks and said…

  • Boeing goes bionic to roll out more Dreamliners

    Boeing goes bionic to roll out more Dreamliners

    [ad_1] NORTH CHARLESTON, S.C. (Reuters) – Boeing Co is counting on a new kind of worker to help it reach a long-coveted target of rolling out 14 787 Dreamliners from its factories each month: half human, half robot. Boeing 787 Dreamliners are shown in final production at widebody factory in North Charleston, South Carolina, U.S.,…

  • U.S. job growth surges; unemployment rate rises to 4.0 percent

    U.S. job growth surges; unemployment rate rises to 4.0 percent

    [ad_1] WASHINGTON (Reuters) – U.S. job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite a darkening outlook that has left the Federal Reserve cautious about further interest rate hikes this year. FILE PHOTO: Job seekers fill out applications at a job fair…

  • Exxon Mobil’s fourth quarter profit tops estimates as volumes rebound

    Exxon Mobil’s fourth quarter profit tops estimates as volumes rebound

    [ad_1] FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo HOUSTON (Reuters) – Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimate on higher prices and volumes for its…

  • IAG’s Walsh to Airbus: drop A380 price to boost sales

    IAG’s Walsh to Airbus: drop A380 price to boost sales

    [ad_1] LONDON (Reuters) – Airbus should lower the price of its A380 jetliner if it wants to sell more of them, IAG CEO Willie Walsh said on Friday, adding that the airline group would consider additional aircraft if the price was right. FILE PHOTO: Willie Walsh, CEO of International Airlines Group speaks during the closing…

  • Trump to meet China’s Xi to try to seal trade deal, progress reported

    Trump to meet China’s Xi to try to seal trade deal, progress reported

    [ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as Trump and his top trade negotiator both cited substantial progress in two days of high-level talks. Trump, speaking at the White House during a meeting with…

  • IAG’s Walsh says Airbus needs to be more aggressive on price to sell A380s

    IAG’s Walsh says Airbus needs to be more aggressive on price to sell A380s

    [ad_1] FILE PHOTO – Willie Walsh, CEO of International Airlines Group speaks during the closing press briefing at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 3, 2016. REUTERS/Clodagh Kilcoyne LONDON (Reuters) – Airbus will have to set a cheaper price for its…

  • Disappointing factory activity threatens global growth

    Disappointing factory activity threatens global growth

    [ad_1] LONDON/HONG KONG (Reuters) – Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth. FILE PHOTO: Labourers working on dismantling equipment and facilities are seen through a window at a former steel…

  • Tesla begins sales of cheaper Model 3 car in China

    Tesla begins sales of cheaper Model 3 car in China

    [ad_1] FILE PHOTO: A Tesla logo is seen at a Tesla showroom in Shanghai, China January 7, 2019. REUTERS/Aly Song BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales…

  • Tesla starts selling cheaper Model 3 car in China

    Tesla starts selling cheaper Model 3 car in China

    [ad_1] FILE PHOTO: A Tesla logo is seen at a Tesla showroom in Shanghai, China January 7, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – U.S. electric carmaker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 vehicle, whose price will start at 433,000 yuan ($64,300.56).…

  • Sony reports best-ever quarterly profit on strong music business

    Sony reports best-ever quarterly profit on strong music business

    [ad_1] TOKYO (Reuters) – Japan’s Sony Corp raked in its highest-ever quarterly profit after booking one-time gains related to its acquisition of EMI, though shrinking earnings at the game division could further prompt investors to look for next growth drivers. The Sony logo is seen on a building in the Manhattan borough of New York…

  • Budweiser spends big on Super Bowl, targets small markets

    Budweiser spends big on Super Bowl, targets small markets

    [ad_1] BRUSSELS/PHILADELPHIA (Reuters) – This Bud’s for you. FILE PHOTO: A souvenir sign is for sale in the gift shop of the Anheuser-Busch brewery in Fort Collins, Colorado, U.S., March 2, 2017. REUTERS/Rick Wilking/File Photo At least, that is what Anheuser-Busch InBev hopes as it strives to reach more than 100 million U.S. TV viewers…

  • U.S. job growth likely slowed; minimal hit seen from government shutdown

    U.S. job growth likely slowed; minimal hit seen from government shutdown

    [ad_1] WASHINGTON (Reuters) – U.S. job growth likely slowed in January after December’s weather-related outsized surge, but the pace of hiring probably remains fast enough to support the economy amid a darkening outlook resulting from government policy and cooling global economies. FILE PHOTO: Job seekers fill out applications at a job fair at the Denver…

  • Asian shares go flat as China data disappoints

    Asian shares go flat as China data disappoints

    [ad_1] SYDNEY (Reuters) – Asian shares crept back from four-month highs on Friday as a dismal survey on Chinese factory activity dulled optimism about the prospects for a Sino-U.S. deal on tariffs. FILE PHOTO: An investor reads a newspaper in front of an electronic board showing stock information at a brokerage house in Beijing, China,…

  • Factory activity shrinks across Asia as cooling China threatens global growth

    Factory activity shrinks across Asia as cooling China threatens global growth

    [ad_1] HONG KONG (Reuters) – Factory activity shrank across much of Asia in January, falling to the weakest in years in several countries and adding to worries that trade tariffs and cooling demand in China pose an increasing threat to global growth. FILE PHOTO: Women wearing sunglasses work at a production line manufacturing electric machine…

  • Trump says U.S. trade delegation to visit China in mid-February: Xinhua

    Trump says U.S. trade delegation to visit China in mid-February: Xinhua

    [ad_1] U.S. President Donald Trump speaks to China’s Vice Premier Liu He as Vice President Mike Pence looks on during a meeting in the Oval Office of the White House in Washington, U.S., January 31, 2019. REUTERS/Jim Young BEIJING (Reuters) – A U.S. trade delegation will visit China in mid-February for a new round of…

  • Asian shares off four-month high as China data disappoints

    Asian shares off four-month high as China data disappoints

    [ad_1] SYDNEY (Reuters) – Asian shares backed away from four-month highs on Friday as a dismal survey on Chinese factory activity dulled optimism about the prospects for a Sino-U.S. deal on tariffs. FILE PHOTO: An investor reads a newspaper in front of an electronic board showing stock information at a brokerage house in Beijing, China,…

  • Asian shares at four-month high as hopes rise on Trump-Xi meet

    Asian shares at four-month high as hopes rise on Trump-Xi meet

    [ad_1] SYDNEY (Reuters) – Asian shares ticked up to four-month highs on Friday on hopes the leaders from the United States and China could strike a trade deal and as the Federal Reserve appeared to have all but abandoned a plan to raise borrowing rates further. FILE PHOTO – People pass stock index tickers at…

  • French regulator orders Google to review ads policies

    French regulator orders Google to review ads policies

    [ad_1] A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau PARIS/SAN FRANCISCO (Reuters) – France’s competition regulator on Thursday ordered Alphabet Inc’s Google to review its policies and procedures for blocking certain ads, saying that its actions against French…

  • GM, Fiat Chrysler to resume normal operations after utility strain

    GM, Fiat Chrysler to resume normal operations after utility strain

    [ad_1] WASHINGTON (Reuters) – General Motors Co and Fiat Chrysler Automobiles NV said on Thursday they plan to resume normal operations after they were forced to cancel shifts at plants in Michigan over concerns about the state’s natural gas supply. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in…

  • Amazon sales outlook falls short after record holiday quarter

    Amazon sales outlook falls short after record holiday quarter

    [ad_1] (Reuters) – Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty around one of its key growth markets, even as the online retailer reported record holiday sales and profit. Shares of the company fell more than 5 percent to $1,623.90 after the bell, sliding as…

  • Facebook likely to face two more state probes on privacy issues: Bloomberg

    Facebook likely to face two more state probes on privacy issues: Bloomberg

    [ad_1] FILE PHOTO – A woman looks at the Facebook logo on an iPad in this photo illustration taken June 3, 2018. REUTERS/Regis Duvignau/Illustration (Reuters) – Facebook Inc could be subjected to at least two more state probes in the United States on the alleged mishandling of user data, Bloomberg reported on Thursday. The report,…

  • Amazon sales outlook disappoints after record holiday quarter

    Amazon sales outlook disappoints after record holiday quarter

    [ad_1] (Reuters) – Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty around one of its key growth markets, dimming the online retailer’s report of record holiday season profit. Shares of the company fell 1.7 percent to $1,690 after the bell. Amazon posted a 63 percent…

  • Small businesses in Alberta haven’t been this pessimistic in years, lobby group says

    Small businesses in Alberta haven’t been this pessimistic in years, lobby group says

    [ad_1] Small businesses in Alberta haven’t been this pessimistic in years, according to an industry lobby group who says the oil-price differential is largely to blame — even if prices for Canadian crude have recently recovered. The Canadian Federation of Independent Business says confidence among its Alberta members plunged in December and January, according to a monthly survey it…

  • Trump casts doubt on US-China trade deal hopes

    Trump casts doubt on US-China trade deal hopes

    [ad_1] U.S. President Donald Trump cast doubt Thursday on whether the U.S. and China can reach a comprehensive trade agreement in time to keep a steep tariff increase from kicking in against Beijing in March. Trump also said a final deal probably won’t be finalized until he and Chinese President Xi Jinping meet again. Trump…

  • Ticketmaster secret scalper program not illegal, Competition Bureau says

    Ticketmaster secret scalper program not illegal, Competition Bureau says

    [ad_1] Canada’s Competition Bureau said Thursday it has closed its investigation into Ticketmaster’s secret scalper program, and concluded the company’s TradeDesk software does not break federal competition legislation. The probe began last fall after CBC News/Toronto Star published hidden camera footage of Ticketmaster recruiting professional scalpers at a conference in Las Vegas, supplying them software designed to…

  • Trump wants ‘very big’ U.S.-China trade deal, hints at delays

    Trump wants ‘very big’ U.S.-China trade deal, hints at delays

    [ad_1] WASHINGTON (Reuters) – President Donald Trump said on Thursday he wanted a “very big deal” U.S. trade deal with China, but signaled there could be delays if negotiations fail to meet his goals of opening the Chinese economy broadly to U.S. industry and agriculture. In remarks to reporters as a two-day round of high-level…

  • Wall Street ascends, S&P 500 heads for best month since 2015

    Wall Street ascends, S&P 500 heads for best month since 2015

    [ad_1] (Reuters) – The S&P 500 and the Nasdaq extended a rally on Thursday as strong earnings from Facebook Inc added to optimism after the Federal Reserve’s dovish remarks, while investors waited for the outcome of U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…

  • Blackstone earnings sink 42 percent on lower fees; managed assets hit record

    Blackstone earnings sink 42 percent on lower fees; managed assets hit record

    [ad_1] NEW YORK (Reuters) – Blackstone Group LP, the world’s largest manager of alternative assets, said on Thursday fourth-quarter earnings slumped 42 percent from a year earlier to $722 million, hurt by lower performance fees. FILE PHOTO – The ticker and trading information for Blackstone Group is displayed at the post where it is traded…

  • Exclusive: Airbus A380 under threat as Emirates weighs rejigged order – sources

    Exclusive: Airbus A380 under threat as Emirates weighs rejigged order – sources

    [ad_1] An Emirates Airbus A380-800 plane is seen at Nice International airport in Nice, France, September 19, 2018. REUTERS/Eric Gaillard PARIS/DUBAI (Reuters) – Dubai’s Emirates is exploring switching some orders for the world’s largest jetliner, the Airbus A380, to the smaller A350 in a move raising new doubts over the future of Europe’s iconic superjumbo,…

  • Ontario may allow realtors to disclose offer prices in bidding wars

    Ontario may allow realtors to disclose offer prices in bidding wars

    [ad_1] Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars. The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that’s one rule they’re looking at changing. Currently, if there are multiple bids on a home, the seller’s broker can…

  • U.S. wants Western tech to be used instead of Huawei kit

    U.S. wants Western tech to be used instead of Huawei kit

    [ad_1] BRUSSELS/PRAGUE (Reuters) – The United States wants to steer people away from Huawei towards Western products because of its concerns over the security of the Chinese company’s technology, the U.S. envoy to the European Union said on Thursday. FILE PHOTO: A 3D printed Huawei logo is placed on glass above a display of EU…

  • Trump upbeat on China trade talks but wants broad access for U.S. firms

    Trump upbeat on China trade talks but wants broad access for U.S. firms

    [ad_1] WASHINGTON (Reuters) – President Donald Trump expressed optimism about forging a comprehensive trade deal with China as high-level talks continued on Thursday, but said any arrangement that fails to open Chinese markets broadly to U.S. industry and agriculture would be unacceptable. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai,…

  • Facebook stock rises after company reports profits, earnings up

    Facebook stock rises after company reports profits, earnings up

    [ad_1] Facebook reports earnings and revenue handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security. The social network has been plagued by privacy scandals and the threat of regulation. That, however, hasn’t stopped it from increasing profits and its user base. It now has 2.32 billion…

  • Supreme Court rules energy companies cannot abandon old wells

    Supreme Court rules energy companies cannot abandon old wells

    [ad_1] The Supreme Court of Canada has ruled that energy companies cannot abandon their responsibility to clean up old oil and natural gas wells in the case of bankruptcy. This overturns two lower court decisions that ruled bankruptcy law has paramountcy over provincial environmental   responsibilities. The court ruled 5-2 to overturn the earlier ruling. In…

  • Canada’s economy shrank in November as many sectors contracted

    Canada’s economy shrank in November as many sectors contracted

    [ad_1] Canada’s gross domestic product declined by 0.1 per cent in November, as everything from manufacturing to construction, oil and gas, and finance all shrank. Statistics Canada reported Thursday the economy seems to have see-sawed in the three months up to November — shrinking by 0.1 per cent in September, then growing by 0.3 per cent in…

  • Deutsche Bank focused on profit, not Commerzbank tie-up: source

    Deutsche Bank focused on profit, not Commerzbank tie-up: source

    [ad_1] FRANKFURT (Reuters) – Deutsche Bank is focused on achieving sustainable profitability, a source at Germany’s largest bank said on Thursday, seeking to distance the lender from talk of a merger with rival Commerzbank. FILE PHOTO – Banners of Deutsche Bank and Commerzbank are pictured in front of a trader at the stock exchange in…

  • General Electric sales top Wall Street estimates, shares rally

    General Electric sales top Wall Street estimates, shares rally

    [ad_1] (Reuters) – General Electric Co beat estimates for sales and cash flow in the fourth quarter and said it had reached a tentative deal to settle a subprime mortgage case with U.S. regulators, sending its shares sharply higher. FILE PHOTO: The General Electric logo is pictured on working helmets during a visit at the…

  • OPEC oil output drops in January on Saudi cut, outages and sanctions

    OPEC oil output drops in January on Saudi cut, outages and sanctions

    [ad_1] The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside their headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard Foeger LONDON (Reuters) – OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s…

  • Raytheon’s quarterly revenue rises 8.5 percent on higher weapon demand

    Raytheon’s quarterly revenue rises 8.5 percent on higher weapon demand

    [ad_1] (Reuters) – Tomahawk missile maker Raytheon Co reported an 8.5 percent rise in fourth-quarter revenue on Thursday, boosted by higher demand for its weapons from the United States and its allies. Logo of the U.S. defense company Raytheon is pictured at an international military fair in Kielce, Poland September 7, 2017. REUTERS/Kacper Pempel Raytheon…

  • Ride-hailing companies suspend Barcelona services after new regulations

    Ride-hailing companies suspend Barcelona services after new regulations

    [ad_1] MADRID (Reuters) – Ride-hailing companies Uber and Cabify are to suspend their services in Barcelona in response to the regional government’s imposition of limits on how they operate in the city. FILE PHOTO – The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay The Catalan government…

  • Qatar Airways upgrades Airbus A321 order to include longer range jets

    Qatar Airways upgrades Airbus A321 order to include longer range jets

    [ad_1] DUBAI (Reuters) – Qatar Airways has upgraded an existing order for 50 Airbus A321neo jets to include 10 long-range models, as a regional diplomatic rift has forced the airline to fly longer routes. FILE PHOTO – A logo of Qatar Airways is seen at Hamad International Airport in Doha, Qatar June 12, 2017. REUTERS/Naseem…

  • H&M shares slip as warehouse investment knocks profits

    H&M shares slip as warehouse investment knocks profits

    [ad_1] STOCKHOLM (Reuters) – Fashion retailer H&M reported an unexpected fall in quarterly pretax profit on Thursday as it invested in new warehouses to try to capture a bigger share of the fast-growing online market. The logo of H&M is seen in a display window of a store in Zurich, Switzerland January 7, 2019. REUTERS/Arnd…

  • Japan’s Nintendo slashes Switch hardware forecast after bumper third quarter

    Japan’s Nintendo slashes Switch hardware forecast after bumper third quarter

    [ad_1] TOKYO/OSAKA, Japan (Reuters) – Japan’s Nintendo Co Ltd on Thursday slashed its full-year hardware forecast for the hybrid home-portable Switch console, revising a figure that had been treated with scepticism by investors and added to pressure on its share price. Banners of Nintendo’s new game console Switch are pictured at its experience venue in…

  • Nokia sees bumpy 2019 growth due to timing of 5G rollouts, shares fall

    Nokia sees bumpy 2019 growth due to timing of 5G rollouts, shares fall

    [ad_1] HELSINKI (Reuters) – Nokia warned of a soft start to 2019 before a better second half for its fifth-generation (5G) mobile network technology, sending its shares sharply lower on Thursday. FILE PHOTO: Rajeev Suri, Nokia’s President and Chief Executive Officer, speaks during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman/File…

  • Exclusive: PetroChina to drop PDVSA as partner in refinery project – sources

    Exclusive: PetroChina to drop PDVSA as partner in refinery project – sources

    [ad_1] SINGAPORE (Reuters) – PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned $10 billion oil refinery and petrochemical project in southern China, said three sources familiar with the matter this week. China National Petroleum Corporation (CNPC)’s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian…

  • U.S., China take the lead in race for artificial intelligence: U.N.

    U.S., China take the lead in race for artificial intelligence: U.N.

    [ad_1] GENEVA (Reuters) – China and the United States are ahead of the global competition to dominate artificial intelligence (AI), according to a study by the U.N. World Intellectual Property Organization (WIPO) published on Thursday. FILE PHOTO: A customer takes a picture as robotic arms collect pre-packaged dishes from a cold storage, done according to…

  • H&M sticks to dividend despite surprise fourth-quarter profit fall

    H&M sticks to dividend despite surprise fourth-quarter profit fall

    [ad_1] STOCKHOLM (Reuters) – Fashion retailer H&M reported an unexpected fall in quarterly pretax profit on Thursday, hit by lingering costs to upgrade its logistics, but kept its dividend unchanged while assuring investors its group-wide overhaul was gaining traction. The logo of H&M is seen in a display window of a store in Zurich, Switzerland…

  • Nokia sees strong 2019 profit

    Nokia sees strong 2019 profit

    [ad_1] The logo and ticker for Nokia are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. REUTERS/Brendan McDermid HELSINKI (Reuters) – Telecom network equipment maker Nokia beat fourth-quarter sales and profit estimate on Thursday and forecast stronger-than-expected 2019 results. Nokia said its…

  • Samsung Electronics forecasts weaker 2019 earnings as chip sales slow

    Samsung Electronics forecasts weaker 2019 earnings as chip sales slow

    [ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. FILE PHOTO: A customer prays inside a Samsung showroom in New Delhi, India, July 27, 2018. . REUTERS/Adnan Abidi/File…

  • GM halts operations at 11 Michigan plants after utility’s urgent appeal

    GM halts operations at 11 Michigan plants after utility’s urgent appeal

    [ad_1] WASHINGTON (Reuters) – General Motors Co said late on Wednesday it will temporarily suspend operations at 11 Michigan plants and its Warren Tech Center after a utility made an emergency appeal to users to conserve natural gas during extreme winter cold. FILE PHOTO: A 2017 Chevrolet Bolt EV (L) and a 2017 Chevrolet Sonic…

  • Facebook keeps attracting digital ads, shares jump after hours

    Facebook keeps attracting digital ads, shares jump after hours

    [ad_1] (Reuters) – Facebook Inc reported better-than-expected profit on Wednesday, showing that digital advertisers were still flocking to spend money on the service in order to reach customers even after a series of high profile embarrassments for the world’s largest online social media network. Investors have worried that Facebook’s pledge to invest heavily to improve…

  • Asia stocks scale four-month peak as Fed turns more cautious; dollar sags

    Asia stocks scale four-month peak as Fed turns more cautious; dollar sags

    [ad_1] TOKYO (Reuters) – Asia stocks rose to a four-month high on Thursday after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage…

  • In a shift, Fed says will be ‘patient’ on future rate hikes

    In a shift, Fed says will be ‘patient’ on future rate hikes

    [ad_1] WASHINGTON (Reuters) – The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations. As it held interest rates steady, the U.S. central bank also discarded its…

  • Alibaba stock rallies on handsome profit beat, optimistic commentary

    Alibaba stock rallies on handsome profit beat, optimistic commentary

    [ad_1] SHANGHAI (Reuters) – E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and U.S. tariff effects, sending its shares up 6 percent. FILE PHOTO – The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July…

  • United Natural Foods sues Goldman Sachs, Bank of America over acquisition advice

    United Natural Foods sues Goldman Sachs, Bank of America over acquisition advice

    [ad_1] FILE PHOTO: The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City, New York, U.S., December 19, 2018. REUTERS/Carlo Allegri/File Photo NEW YORK (Reuters) – Grocery distributing company United Natural Foods Inc filed a lawsuit on Tuesday against Goldman Sachs Group Inc and Bank of America Merrill Lynch claiming…

  • Asia stocks hit four-month high as Fed turns more cautious; dollar sags

    Asia stocks hit four-month high as Fed turns more cautious; dollar sags

    [ad_1] TOKYO (Reuters) – Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices…

  • Tesla CFO leaves as automaker promises profits and cheaper cars

    Tesla CFO leaves as automaker promises profits and cheaper cars

    [ad_1] (Reuters) – Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. FILE PHOTO: A 2018 Tesla Model 3 electric…

  • U.S. lawmakers move to curtail president’s power to levy tariffs

    U.S. lawmakers move to curtail president’s power to levy tariffs

    [ad_1] U.S. lawmakers on Wednesday introduced legislation to limit the president’s power to levy import tariffs on the grounds of national security.  The bills face an uncertain future but underscore bipartisan concerns on Capitol Hill over the rising costs of the Trump administration’s trade policies. The United States in 2018 slapped duties on aluminum and steel from…

  • Microsoft’s Azure revenue growth slows, shares fall

    Microsoft’s Azure revenue growth slows, shares fall

    [ad_1] (Reuters) – Microsoft Corp on Thursday reported results largely in line with Wall Street’s targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. FILE PHOTO: People walk outside the Microsoft office in Beijing, China, January 24, 2019. REUTERS/Thomas Peter/File Photo Shares of Microsoft, one of the…

  • Microsoft’s Azure revenue growth slows in December quarter, shares fall

    Microsoft’s Azure revenue growth slows in December quarter, shares fall

    [ad_1] (Reuters) – Microsoft Corp on Thursday reported results largely in line with Wall Street’s targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. FILE PHOTO: People walk outside the Microsoft office in Beijing, China, January 24, 2019. REUTERS/Thomas Peter/File Photo Earnings per share slightly exceeded expectations,…

  • Alberta eases oil production limits as prices increase

    Alberta eases oil production limits as prices increase

    [ad_1] The Alberta government is easing mandatory limits to the province’s oil production imposed at the start of January, crediting an increase in prices. On Wednesday, Premier Rachel Notley said in a news release that the province would increase allowed production in February and March to 3.63 million barrels per day. That’s a jump of 75,000…

  • In a shift, Fed will be ‘patient’ on future U.S. rate hikes

    In a shift, Fed will be ‘patient’ on future U.S. rate hikes

    [ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and, in a formal policy shift, vowed to be patient in further lifting borrowing costs, the clearest signal yet the tightening cycle it began in 2015 may have ended. Citing rising uncertainty about the U.S. economic outlook, Fed Chairman Jerome Powell…

  • JPMorgan CEO: ‘No problem’ paying higher taxes if used properly

    JPMorgan CEO: ‘No problem’ paying higher taxes if used properly

    [ad_1] FILE PHOTO – Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri (Reuters) – JPMorgan Chase Chief Executive Officer Jamie Dimon, who leads one of Wall Street’s biggest banks, said on Wednesday that…

  • Tim Hortons to offer edible double-double coffee bar

    Tim Hortons to offer edible double-double coffee bar

    [ad_1] Tim Hortons says it plans this fall to sell something it’s calling a double-double coffee bar, a chocolate bar-sized edible snack made from the chain’s coffee. The bar will be similar in size to a chocolate bar, but contain no actual chocolate, the chain said. The bar has “a smooth and silky texture with an espresso…

  • Labour complaint against Amazon Canada alleges workers who tried to unionize were fired

    Labour complaint against Amazon Canada alleges workers who tried to unionize were fired

    [ad_1] A union representing Ontario couriers delivering packages for Amazon.com Inc., are alleging the e-commerce giant engaged in unfair labour practices that resulted in the termination of employees, the closure of one courier company’s Mississauga operations and the bankruptcy of another. In a series of applications filed with the Ontario Labour Relations Board in July,…

  • When the Hudson’s Bay Company said farewell to furs

    When the Hudson’s Bay Company said farewell to furs

    [ad_1] It was big news when the Hudson’s Bay Company decided to leave the fur business behind almost 30 years ago. This is the graphic CBC’s The National used to introduce a Jan. 30, 1991, story about the Hudson’s Bay Company leaving the fur trade. (The National/CBC Archives) After all, the historic company had been…

  • Foxconn changing its plans in massive Wisconsin deal hailed by Trump

    Foxconn changing its plans in massive Wisconsin deal hailed by Trump

    [ad_1] Foxconn Technology Group said Wednesday it is shifting the focus of its planned $10-billion US Wisconsin campus away from blue-collar manufacturing to a research hub while insisting it remains committed to creating 13,000 jobs. The much-ballyhooed facility was heralded by President Donald Trump and onetime Wisconsin Gov. Scott Walker as a once-in-a-generation opportunity to return manufacturing to…

  • Siemens steels itself for EU rejection of rail merger with Alstom

    Siemens steels itself for EU rejection of rail merger with Alstom

    [ad_1] MUNICH (Reuters) – Siemens will accept defeat if the European Union rejects its pleas to allow it to combine with Alstom to create a powerful Franco-German rail business. The logo of German industrial group Siemens is seen in Zurich, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann Having offered a series of concessions to answer competition…

  • AT&T’s wireless customer growth slows, revenue misses estimates

    AT&T’s wireless customer growth slows, revenue misses estimates

    [ad_1] (Reuters) – AT&T Inc reported slower wireless customer growth and larger declines in its pay-TV business than Wall Street expected, sending its shares down 4 percent on Wednesday. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni The second-largest U.S. wireless carrier by subscribers has turned its focus to…

  • Boeing speeds 787 line to prepare for output of 14 jets a month

    Boeing speeds 787 line to prepare for output of 14 jets a month

    [ad_1] FILE PHOTO – Employees and guest watch during the first flight ceremony of the new Boeing 787-10 Dreamliner at the Charleston International Airport in North Charleston, South Carolina, United States March 31, 2017. REUTERS/Randall Hill SEATTLE/PARIS (Reuters) – Boeing Co has started boosting 787 Dreamliner production to 14 jets a month from 12, Chief…

  • Wall Street opens higher on Apple, Boeing boost

    Wall Street opens higher on Apple, Boeing boost

    [ad_1] FILE PHOTO: The new Boeing 787-10 Dreamliner taxis past the Final Assembly Building at Boeing South Carolina in North Charleston, South Carolina, United States, March 31, 2017. REUTERS/Randall Hill/File Photo (Reuters) – U.S. stocks opened higher on Wednesday, as results from Apple Inc and Boeing Co calmed nerves ahead of the Federal Reserve’s update…

  • Alibaba sales grow at weakest pace in three years as slowing China bites

    Alibaba sales grow at weakest pace in three years as slowing China bites

    [ad_1] SHANGHAI (Reuters) – E-commerce giant Alibaba Group Holding Ltd’s quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-U.S. trade war kept buyers away during its top-sale season. FILE PHOTO – The logo of Alibaba Group is seen at the company’s headquarters in…

  • Boeing profit beats; targets 900 plane deliveries in 2019

    Boeing profit beats; targets 900 plane deliveries in 2019

    [ad_1] (Reuters) – Boeing Co shares jumped on Wednesday as the world’s largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel, while indicating it had overcome supplier delays that snarled production last year. FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled…

  • AT&T misses revenue estimates on slower wireless customer growth

    AT&T misses revenue estimates on slower wireless customer growth

    [ad_1] (Reuters) – AT&T Inc on Wednesday reported quarterly revenues and new wireless subscribers that fell short of Wall Street expectations, sending shares down nearly 3 percent, as its focus shifted to paying down debt from boosting its customer base. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni The…

  • Boeing targets 900 plane deliveries in 2019

    Boeing targets 900 plane deliveries in 2019

    [ad_1] FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5, 2018. REUTERS/Jason Redmond/File Photo (Reuters) – Boeing Co said on Wednesday it expects to deliver between 895 and 905 commercial aircraft in 2019, up from the 806 units it delivered last year, as the…

  • AT&T misses phone subscriber estimates amid stiff competition

    AT&T misses phone subscriber estimates amid stiff competition

    [ad_1] An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni (Reuters) – AT&T Inc on Wednesday missed Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market. The second-largest U.S. wireless carrier by subscribers…

  • Petrobras says deal to sell Pasadena refinery to Chevron nearly done

    Petrobras says deal to sell Pasadena refinery to Chevron nearly done

    [ad_1] FILE PHOTO – Women walk in front of the Brazil’s state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil December 5, 2018. REUTERS/Sergio Moraes SAO PAULO (Reuters) – Brazil’s state-run oil company Petroleo Brasileiro SA said on Wednesday that its negotiations with Chevron Corp to sell its Pasadena refinery are nearly done, and…

  • Siemens makes last ditch appeal for EU to approve rail merger

    Siemens makes last ditch appeal for EU to approve rail merger

    [ad_1] MUNICH (Reuters) – Siemens has made a last gasp appeal to European antitrust authorities not to be “backward-looking technocrats” and approve its planned rail merger with France’s Alstom. The logo of German industrial group Siemens is seen in Zurich, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann Chief Executive Joe Kaeser said on Wednesday that Europe…

  • Supreme Court to decide who pays for cleanup when companies go belly up

    Supreme Court to decide who pays for cleanup when companies go belly up

    [ad_1] A Canadian precedent could be set this week as the Supreme Court decides who pays to clean up the environmental mess left by a company when it goes broke. The case has caught the interest of environmentalists, oil companies and governments, as well as banks and creditors across the country. It focuses on Redwater Energy, a small Alberta oil…

  • Cultural funding fight with Netflix reignites age-old debate — what is Cancon anyway?

    Cultural funding fight with Netflix reignites age-old debate — what is Cancon anyway?

    [ad_1] Canadian studios and production crews are busier than ever before — thanks in part to demand from foreign streaming giants such as Netflix, Amazon and Disney-owned Hulu, who need to feed binge-watchers’ voracious appetite for on-demand entertainment. But at the same time, those American behemoths are being accused of not contributing their fair share to produce…

  • Ghosn says allegations result of Nissan executives opposing integration plans with Renault

    Ghosn says allegations result of Nissan executives opposing integration plans with Renault

    [ad_1] FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, poses after the Renault’s 2015 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 12, 2016. REUTERS/Benoit Tessier/File Photo TOKYO (Reuters) – Carlos Ghosn said Nissan executives opposed to his plan for closer ties with automaking partner Renault SA were…

  • Nissan CEO eyes first talks with new Renault chairman on Thursday: NHK

    Nissan CEO eyes first talks with new Renault chairman on Thursday: NHK

    [ad_1] FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at the company headquarters in Yokohama, south of Tokyo, Japan, in this photo taken by Kyodo January 24, 2019. Mandatory credit Kyodo/via REUTERS TOKYO (Reuters) – Nissan Motor Co Ltd Chief Executive Hiroto Saikawa is aiming to hold his first…

  • Oil edges up on Venezuela sanctions, but economic outlook weighs

    Oil edges up on Venezuela sanctions, but economic outlook weighs

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed pressure from a darkening outlook for the global economy. FILE PHOTO – Oil facilities are seen on Lake Maracaibo in Cabimas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia U.S. West Texas Intermediate (WTI) crude…

  • Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant

    Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant

    [ad_1] (Reuters) – Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised. FILE PHOTO: A shovel and FoxConn logo are seen before the arrival of U.S.…

  • Apple lowers some iPhone prices outside U.S. to offset strong dollar

    Apple lowers some iPhone prices outside U.S. to offset strong dollar

    [ad_1] (Reuters) – Apple Inc plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the United States instead of the rising U.S. dollar. FILE PHOTO: People experience new Apple’s iPhone XS and…

  • Oil rises as traders expect Venezuelan supply disruptions amid U.S. sanctions

    Oil rises as traders expect Venezuelan supply disruptions amid U.S. sanctions

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed downward pressure from a darkening outlook for the global economy. FILE PHOTO – Oil facilities are seen on Lake Maracaibo in Cabimas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia U.S. West Texas Intermediate (WTI)…

  • Oil prices rise on Venezuelan supply concerns following U.S. sanctions

    Oil prices rise on Venezuelan supply concerns following U.S. sanctions

    [ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed downward pressure from a darkening outlook for the global economy. FILE PHOTO – Oil facilities are seen on Lake Maracaibo in Cabimas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia U.S. West Texas Intermediate (WTI)…

  • Oil dips as gloomy economic outlook outweighs Venezuela supply concerns

    Oil dips as gloomy economic outlook outweighs Venezuela supply concerns

    [ad_1] SINGAPORE (Reuters) – Oil prices dipped on Wednesday amid a cloudy outlook for the global economy, but traders said declines were reined in by worries over disruptions to supply from U.S. sanctions on Venezuelan fuel exports. FILE PHOTO – Oil facilities are seen on Lake Maracaibo in Cabimas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia…

  • U.S., China face deep trade, IP differences in high-level talks

    U.S., China face deep trade, IP differences in high-level talks

    [ad_1] WASHINGTON (Reuters) – The United States and China launch a critical round of trade talks on Wednesday amid deep differences over U.S. demands for structural economic reforms from Beijing that will make it difficult to reach a deal before a March 2 U.S. tariff hike. FILE PHOTO – Containers are seen at the Yangshan…

  • Huawei’s Meng appears in court as Canada mulls U.S. extradition

    Huawei’s Meng appears in court as Canada mulls U.S. extradition

    [ad_1] VANCOUVER (Reuters) – Huawei Technologies Co Ltd’s chief financial officer, the central figure in a high-stakes dispute between the world’s two largest economies, made her first appearance in a Canadian court in more than a month on Tuesday as Ottawa weighs extraditing the Chinese executive to the United States. Meng Wanzhou, daughter of the…

  • Oil stable as economic outlook weighs, Venezuela concerns support

    Oil stable as economic outlook weighs, Venezuela concerns support

    [ad_1] SINGAPORE (Reuters) – Oil prices were stable on Tuesday, pressured by a cloudy outlook for the global economy but supported by worries over disruptions to supply from U.S. sanctions on Venezuelan exports. FILE PHOTO – Oil facilities are seen on Lake Maracaibo in Cabimas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia U.S. West Texas Intermediate…

  • Asian shares inch up after Apple earnings, CEO comments

    Asian shares inch up after Apple earnings, CEO comments

    [ad_1] TOKYO (Reuters) – U.S. stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc’s earnings and comments from its chief that U.S.-China trade tensions were easing, sending the iPhone maker’s shares soaring in after-hours trade. FILE PHOTO – A woman using a smartphone is reflected on a…

  • Apple services business grows, CEO Cook sees China tensions ease

    Apple services business grows, CEO Cook sees China tensions ease

    [ad_1] (Reuters) – Apple Inc reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping the technology company’s shares up after hours even as iPhone sales dipped in the holiday shopping quarter for the first time. Apple said sales for the…

  • Amgen 2019 forecast falls short of expectations, shares dip

    Amgen 2019 forecast falls short of expectations, shares dip

    [ad_1] (Reuters) – Amgen Inc on Tuesday reported fourth-quarter profit that easily surpassed expectations as sales rose and tax expense fell, but competition for its older medicines is growing and the drugmaker forecast 2019 earnings below Wall Street estimates. FILE PHOTO: An Amgen sign is seen at the company’s office in South San Francisco, California…

  • Another shutdown spells deeper pain for U.S. economy: Moody’s

    Another shutdown spells deeper pain for U.S. economy: Moody’s

    [ad_1] (Reuters) – Another government shutdown could inflict greater harm on the U.S. economy, especially it were to happen only three weeks after the end of the longest ever such closure, Moody’s Investors Service said on Tuesday. FILE PHOTO – The dome of the U.S. Capitol is seen beyond a chain fence during the partial…

  • Canadian economy likely shrunk in November, dragging down quarterly growth

    Canadian economy likely shrunk in November, dragging down quarterly growth

    [ad_1] Data from Statistics Canada on Thursday is expected to show the Canadian economy shrank in November from the previous month, adding to evidence that growth slowed in the last quarter of 2018. Gross Domestic Product (GDP) is expected to have contracted by 0.1 per cent in November from 0.3 per cent in October, according to a Bloomberg poll…

  • Apple services business grows, shares rise 6%

    Apple services business grows, shares rise 6%

    [ad_1] Apple on Tuesday reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping its shares up even after sales of its iPhone dipped in the holiday shopping quarter. Apple said sales for its fiscal second quarter would most likely be lower…

  • EBay unveils dividend, tops sales estimates for holiday quarter

    EBay unveils dividend, tops sales estimates for holiday quarter

    [ad_1] FILE PHOTO – An eBay logo is projected onto white boxes in this illustration picture taken in Warsaw, January 21, 2014. REUTERS/Kacper Pempel/File Photo (Reuters) – Ebay Inc will begin paying a dividend, it announced on Tuesday, while also reporting better-than-expected sales and profit for the fourth quarter as it benefits from a rise…

  • S&P falls with technology drag; 3M boosts Dow

    S&P falls with technology drag; 3M boosts Dow

    [ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 29, 2019. REUTERS/Brendan McDermid (Reuters) – Wall Street was mixed on Tuesday, with technology shares dipping ahead of Apple’s quarterly report while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average. The Dow…

  • Huawei’s Meng Wanzhou appears in Vancouver court for bail adjustment hearing

    Huawei’s Meng Wanzhou appears in Vancouver court for bail adjustment hearing

    [ad_1] A day after the U.S. Department of Justice announced a formal request for her extradition, the chief financial officer of telecommunications giant Huawei appeared in B.C. Supreme Court for a bail adjustment hearing. Meng Wanzhou has been living under strict bail conditions in her Vancouver home since her release last December. Meng asked the court to…

  • Gold hits eight-month high, stocks mixed amid trade caution, results

    Gold hits eight-month high, stocks mixed amid trade caution, results

    [ad_1] NEW YORK (Reuters) – Gold hit an eight-month high while world stock markets were mixed ahead of further U.S.-Sino trade talks, a raft of technology company results starting with Apple later on Tuesday and an impending Federal Reserve decision on interest rates. FILE PHOTO: An employee stores newly cast ingots of 99.99 percent pure…

  • Wall Street mixed as Apple tees up its quarterly report

    Wall Street mixed as Apple tees up its quarterly report

    [ad_1] (Reuters) – Wall Street was mixed on Tuesday, with technology shares dipping ahead of Apple’s quarterly report while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 29, 2019. REUTERS/Brendan McDermid Apple slipped…

  • Factbox: U.S. energy companies respond to sanctions on Venezuela’s oil firm

    Factbox: U.S. energy companies respond to sanctions on Venezuela’s oil firm

    [ad_1] (Reuters) – U.S. oil refiners said they would comply with the Trump administration’s new sanctions announced on Monday on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and take steps to lessen any impacts on consumers. FILE PHOTO – Cutouts depicting images of oil operations are seen outside a building of Venezuela’s…

  • Huawei’s Meng Wanzhou to appear in Vancouver court on bail issue

    Huawei’s Meng Wanzhou to appear in Vancouver court on bail issue

    [ad_1] A day after the U.S. Department of Justice announced a formal request for her extradition, the chief financial officer of telecommunications giant Huawei is set to appear in B.C. Supreme Court for a bail adjustment hearing. Meng Wanzhou has been living under strict bail conditions in her Vancouver home since her release last December.…

  • U.S. sanctions Venezuela state oil firm, escalating pressure on Maduro

    U.S. sanctions Venezuela state oil firm, escalating pressure on Maduro

    [ad_1] WASHINGTON/CARACAS (Reuters) – The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down. Russia, a close ally of Venezuela, denounced the move as illegal interference in Venezuela’s…

  • Apple disables group FaceTime amid reports of privacy bug

    Apple disables group FaceTime amid reports of privacy bug

    [ad_1] Apple has made the group chat function in FaceTime unavailable after users said there was a bug that could allow callers to activate another user’s microphone remotely. The bug was demonstrated through videos online and reported on this week by tech blogs. Apple’s online support page on Tuesday said there was a technical issue…

  • SAP job cuts prove harsh realities of enterprise transformation – TechCrunch

    SAP job cuts prove harsh realities of enterprise transformation – TechCrunch

    [ad_1] As traditional enterprise companies like IBM, Oracle and SAP try to transform into more modern cloud companies, they are finding that making that transition, while absolutely necessary, could require difficult adjustments along the way. Just this morning, SAP announced that it was restructuring in order to save between $750 million and 800 million euro…

  • 3 Brazil mining company employees, 2 contractors arrested in dam disaster

    3 Brazil mining company employees, 2 contractors arrested in dam disaster

    [ad_1] Three employees of Brazilian mining company Vale SA and two contractors were arrested on Tuesday, prosecutors said, as a criminal investigation began into a dam rupture that’s expected to leave a death toll of more than 300 people. Vale said it was co-operating with investigators in the case, which has enraged Brazilians and raised fresh questions…

  • Oilpatch giant sours on Alberta crude cuts, warns changes put jobs at risk

    Oilpatch giant sours on Alberta crude cuts, warns changes put jobs at risk

    [ad_1] Oilsands giant Canadian Natural Resources, once a high-profile supporter of Alberta’s mandatory production cuts, says it is “extremely concerned” by revisions to the strategy set for next month, warning the changes “will hurt jobs” if the government carries through. In a letter to suppliers last week, Canadian Natural Resources said while it had supported the government’s actions…

  • Morneau not considering extending mortgage stress test to cover more lenders

    Morneau not considering extending mortgage stress test to cover more lenders

    [ad_1] Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders. Morneau is throwing cold water on a recent Reuters report saying the government was looking at applying stricter rules on mortgages provided by private lenders, similar to those Canada has put on federally-regulated banks. The Liberal government…

  • Lockheed Martin forecasts 2019 profit below estimates, shares off

    Lockheed Martin forecasts 2019 profit below estimates, shares off

    [ad_1] (Reuters) – Lockheed Martin Corp, the Pentagon’s top weapons supplier, on Tuesday forecast 2019 profit below estimates and reported that quarterly margins slipped at the unit that makes the radar-evading F-35 fighter jet and C-130 transport plane. FILE PHOTO – U.S. Marine Corps Lt. Col. Richard Rusnok flies a Lockheed Martin F-35B Lightning II…

  • Three Abu Dhabi lenders agree to create $114 billion bank

    Three Abu Dhabi lenders agree to create $114 billion bank

    [ad_1] DUBAI/ABU DHABI (Reuters) – Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates. FILE PHOTO – A branch of UAE based bank Al Hilal is seen in Jumeirah, May 16, 2013. REUTERS/Jumana El Heloueh The bank will…

  • Lockheed Martin posts quarterly profit

    Lockheed Martin posts quarterly profit

    [ad_1] FILE PHOTO – U.S. Marine Corps Lt. Col. Richard Rusnok flies a Lockheed Martin F-35B Lightning II Joint Strike fighter jet during Exercise Valiant Shield 18 at Iwo To, Japan, September 18, 2018. Picture taken on September 18, 2018. Seth Rosenberg/U.S. Marine Corps/Handout via REUTERS (Reuters) – Pentagon’s No.1 weapons supplier Lockheed Martin Corp,…

  • Pfizer full-year revenue forecast misses estimates

    Pfizer full-year revenue forecast misses estimates

    [ad_1] FILE PHOTO – The logo of U.S. pharmaceutical corporation Pfizer Inc. is seen at a branch in Zurich, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Pfizer Inc forecast full-year revenue below estimates, after reporting a 2 percent rise in quarterly revenue. The company expects revenue of $52 billion to $54 billion, compared…

  • Xerox fourth-quarter revenue falls 7.8 percent

    Xerox fourth-quarter revenue falls 7.8 percent

    [ad_1] FILE PHOTO – The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo (Reuters) – Xerox Corp reported a 7.8 percent fall in fourth-quarter revenue on Tuesday, as businesses continue to cut back spending on printers and photocopiers. Net income attributable to the company was…

  • Huawei lawyer says CFO Meng a ‘hostage’ after U.S. presses charges

    Huawei lawyer says CFO Meng a ‘hostage’ after U.S. presses charges

    [ad_1] WASHINGTON/HONG KONG (Reuters) – Huawei’s CFO “should not be a hostage” in Sino-U.S. relations, her lawyer said on Tuesday, after the United States announced criminal charges against herself and the Chinese firm just days before crunch trade talks with Beijing. The Justice Department charged Huawei Technologies Co Ltd and its chief financial officer with…

  • Russia’s Lavrov says U.S. sanctions on Venezuela oil company illegal

    Russia’s Lavrov says U.S. sanctions on Venezuela oil company illegal

    [ad_1] FILE PHOTO: Russia’s Foreign Minister Sergei Lavrov speaks during the annual news conference in Moscow, Russia January 16, 2019. REUTERS/Maxim Shemetov/File Photo MOSCOW (Reuters) – U.S. sanctions imposed on Venezuela’s state oil company are illegal and Russia will take all necessary steps to support the administration of Venezuelan President Nicolas Maduro, Russian Foreign Minister…

  • 5 reasons Canadians should care what the Fed does tomorrow: Don Pittis

    5 reasons Canadians should care what the Fed does tomorrow: Don Pittis

    [ad_1] Expect a change in tone from the world’s most powerful central banker tomorrow when U.S. Federal Reserve chair Jerome Powell offers his latest outlook on interest rates.  Powell has instituted a new system where he will give a news conference after every policy meeting, providing better insight into his thinking month to month. Analysts are expecting that a gloomier…

  • PG&E Corp files for Chapter 11 bankruptcy protection

    PG&E Corp files for Chapter 11 bankruptcy protection

    [ad_1] FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018.…

  • Japan’s ANA poised to order 18 Airbus A320neos: source

    Japan’s ANA poised to order 18 Airbus A320neos: source

    [ad_1] FILE PHOTO: An Airbus A320neo aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the C Series aircraft programme, in Colomiers near Toulouse, France, October 17, 2017. REUTERS/Regis Duvignau TOKYO (Reuters) – Japanese airline ANA Holdings Inc is set to order 18 Airbus SE A320neo jets, a…

  • China’s industry ministry says Huawei indictments are ‘unfair, immoral’

    China’s industry ministry says Huawei indictments are ‘unfair, immoral’

    [ad_1] FILE PHOTO: Visitors walk past Huawei’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo BEIJING (Reuters) – The U.S. government’s indictments against Huawei Technologies Co Ltd are unfair and immoral, a spokesman for China’s industry and information technology ministry said on Tuesday. The U.S. Justice Department charged Huawei…

  • U.S. charges China’s Huawei for sanctions violations, technology theft

    U.S. charges China’s Huawei for sanctions violations, technology theft

    [ad_1] WASHINGTON/HONG KONG (Reuters) – The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker which denies wrongdoing, and coming days before trade talks with Beijing. The Justice Department charged Huawei and its chief financial officer with conspiring to violate U.S.…

  • Powell faces early reckoning on Fed’s $4-trillion question

    Powell faces early reckoning on Fed’s $4-trillion question

    [ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Federal Reserve Chairman Jerome Powell has a problem: how to explain that the Fed may soon begin to taper its ongoing asset-shedding operation without looking like he’s hunkering down for a coming recession, or caving to U.S. President Donald Trump. FILE PHOTO: U.S. Federal Reserve Board Chairman Jerome Powell…

  • U.S. sanctions Venezuelan state oil firm, escalating pressure on Maduro

    U.S. sanctions Venezuelan state oil firm, escalating pressure on Maduro

    [ad_1] WASHINGTON/CARACAS (Reuters) – The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down. Minutes before the announcement, Juan Guaido, the Venezuelan opposition leader who proclaimed himself interim…

  • Apple to patch privacy bug in video-calling feature

    Apple to patch privacy bug in video-calling feature

    [ad_1] FILE PHOTO: Apple company logos are reflected on the glass window outside an Apple store in Shanghai, China January 3, 2019. REUTERS/Aly Song (Reuters) – Apple Inc said on Monday it will issue a software patch later this week for a bug that lets iPhone users hear audio from users who have not yet…

  • U.S. charges China’s Huawei over alleged Iran sanctions violations

    U.S. charges China’s Huawei over alleged Iran sanctions violations

    [ad_1] WASHINGTON (Reuters) – The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker and coming days before trade talks between Washington and Beijing. The Justice Department charged Huawei and its chief financial officer, Meng Wanzhou, with conspiring to violate U.S.…

  • U.S.’ Mnuchin expects progress in ‘complicated’ China trade talks

    U.S.’ Mnuchin expects progress in ‘complicated’ China trade talks

    [ad_1] WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday the United States expects significant progress this week in trade talks with Chinese Vice Premier Liu He, but the two sides will be tackling “complicated issues”, including how to enforce any deal. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin delivers remarks at the…

  • Japan’s ANA considers order of Boeing jets

    Japan’s ANA considers order of Boeing jets

    [ad_1] FILE PHOTO: A Boeing 737 MAX is seen on the static display, before the opening of the 52nd Paris Air Show at Le Bourget airport near Paris, France, June 16, 2017. REUTERS/Pascal Rossignol TOKYO (Reuters) – Japan’s ANA Holdings confirmed on Tuesday that it was considering an order of Boeing Co jets, after Reuters…

  • U.S. charges China’s Huawei with conspiring to violate Iran sanctions

    U.S. charges China’s Huawei with conspiring to violate Iran sanctions

    [ad_1] WASHINGTON (Reuters) – The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker and coming days before trade talks between Washington and Beijing. The Justice Department charged Huawei and its chief financial officer Meng Wanzhou with conspiring to violate U.S.…

  • Whirlpool says costs, strong dollar to hit 2019 profit, shares fall

    Whirlpool says costs, strong dollar to hit 2019 profit, shares fall

    [ad_1] (Reuters) – U.S. home appliances maker Whirlpool Corp said on Monday its 2019 adjusted profit and revenue are likely to rise less than analysts’ expectations due to a higher tax bill, costs and a strong dollar, sending its shares down 6.5 percent after the bell. FILE PHOTO – The administrative entrance at the Whirlpool…

  • U.S. House panels to hold joint hearing on Sprint, T-Mobile merger

    U.S. House panels to hold joint hearing on Sprint, T-Mobile merger

    [ad_1] FILE PHOTO – The Sprint logo is displayed on a a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 30, 2018. REUTERS/Brendan McDermid WASHINGTON (Reuters) – Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp’s…

  • Snap appoints Lara Sweet as interim CFO

    Snap appoints Lara Sweet as interim CFO

    [ad_1] FILE PHOTO – Pedestrians walk past the front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it shortly before the company’s IPO in New York, U.S., March 2, 2017. REUTERS/Lucas Jackson (Reuters) – Snap Inc on Monday named its Chief Accounting Officer Lara Sweet as…

  • Uber plans to expand booze delivery, e-scooters in Canada

    Uber plans to expand booze delivery, e-scooters in Canada

    [ad_1] Bikes, booze and e-scooters are part of Uber Canada’s plans for the country in 2019. Managers from the U.S.-based tech giant revealed Monday priorities they have for the Canadian market in the year ahead, that they say are meant to grow the giant ride-hailing and food delivery company and offer a handful of new…

  • U.S. imposes sanctions on Venezuelan state oil firm PDVSA

    U.S. imposes sanctions on Venezuelan state oil firm PDVSA

    [ad_1] The United States has imposed sanctions on Petroleos de Venezuela, S.A., a state-owned oil firm, White House national security adviser John Bolton says. “We have continued to expose the corruption of [Venezuelan President Nicolas] Maduro and his cronies and today’s action ensures they can no longer loot the assets of the Venezuelan people,” Bolton told reporters at…

  • Exclusive: Snapchat weighs what was once unthinkable – permanent snaps

    Exclusive: Snapchat weighs what was once unthinkable – permanent snaps

    [ad_1] NEW YORK (Reuters) – Snap Inc is considering changes to its Snapchat app, known for disappearing photos and videos, that could make users’ public posts longer lasting or even permanent, people familiar with the matter said. FILE PHOTO – The Snapchat app logo is seen on a smartphone in this picture illustration taken September…

  • Oilpatch financial results expected to reflect extreme Q4 oil price volatility

    Oilpatch financial results expected to reflect extreme Q4 oil price volatility

    [ad_1] Financial analysts say fourth-quarter results from Canada’s biggest oil and gas companies will likely feature some surprises, as well as revisions to forward plans, given extreme volatility in commodity prices in the last three months of 2018. The parade of results and conference calls begins Friday with Imperial Oil Ltd. and continues next Tuesday…

  • Bombardier resumes deliveries of subway cars to New York City

    Bombardier resumes deliveries of subway cars to New York City

    [ad_1] FILE PHOTO – The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker MONTREAL (Reuters) – Bombardier said it has resumed delivering subway cars to New York City Transit on Monday, spokesman Eric Prud’Homme said…

  • Oil tumbles 4 percent on growing U.S. supply, China trade worries

    Oil tumbles 4 percent on growing U.S. supply, China trade worries

    [ad_1] NEW YORK (Reuters) – Oil fell more than 3 percent on Monday, heading for its biggest one-day percentage drop in a month due after an increase in U.S. crude drilling pointed to further supply growth. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March…

  • China starts legal process at WTO over U.S. tariffs

    China starts legal process at WTO over U.S. tariffs

    [ad_1] China triggered the legal process on Monday for the World Trade Organization to hear Beijing’s challenge to U.S. tariffs imposed on $234 billion US of goods, and berated the United States for blocking the appointment of judges who could rule on it. A Chinese trade diplomat told a WTO meeting that China wanted an…

  • Trans Mountain pipeline work destroyed salmon habitat, scientist says

    Trans Mountain pipeline work destroyed salmon habitat, scientist says

    [ad_1] Work on a Trans Mountain pipeline crossing in a British Columbia stream has destroyed salmon habitat, raising concerns about the Crown corporation’s ability to build infrastructure through waterways if the expansion project proceeds, a scientist says. Mike Pearson says the “amateur hour” work on the Stewart Creek crossing in Chilliwack will reduce food sources…

  • SNC shares fall 22% on profit warnings for 2018

    SNC shares fall 22% on profit warnings for 2018

    [ad_1] Shares in SNC-Lavalin Group Inc. plunged in early trading Monday after it warned that its full year 2018 results will be lower than expected and announced the appointment of a new chief operating officer. The company’s shares were down $11 or about 22 per cent at $37.50 in morning trading on the Toronto Stock…

  • U.S. lifts sanctions on Russian aluminum giant Rusal linked to Putin ally

    U.S. lifts sanctions on Russian aluminum giant Rusal linked to Putin ally

    [ad_1] U.S. President Donald Trump’s administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push in the U.S. Congress to maintain the restrictions. Earlier this month, 11 of Trump’s fellow Republicans in the U.S. Senate joined Democrats in a failed effort to keep…

  • Alberta-led China trade mission not likely to proceed

    Alberta-led China trade mission not likely to proceed

    [ad_1] A government trade mission to China is unlikely to proceed in March as planned, says Alberta Economic Development and Trade Minister Deron Bilous. Unresolved tensions between Canada and China over the detention of a high-profile Chinese telecommunications executive create the kind of environment into which Bilous says he is not prepared to lead a trade delegation. “We’re monitoring…

  • In the new lithium ‘Great Game’, Germany edges out China in Bolivia

    In the new lithium ‘Great Game’, Germany edges out China in Bolivia

    [ad_1] UYUNI, Bolivia (Reuters) – When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new “Great Game”, in which big powers like China are jostling across…

  • Aramco’s rating ambitions face Saudi economic curb

    Aramco’s rating ambitions face Saudi economic curb

    [ad_1] DUBAI (Reuters) – Saudi Aramco is pushing for a top credit rating ahead of its first international bond sale, but Saudi Arabia’s sluggish economy may curb the state-owned oil firm’s ambitions. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama,…

  • Oil falls as U.S. adds new rigs, China weakness rattles market

    Oil falls as U.S. adds new rigs, China weakness rattles market

    [ad_1] LONDON (Reuters) – Oil fell nearly 2 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest January gain for 14 years. FILE PHOTO: Crude oil storage tanks are seen from above…

  • Dropbox snares HelloSign for $230M, gets workflow and eSignature – TechCrunch

    Dropbox snares HelloSign for $230M, gets workflow and eSignature – TechCrunch

    [ad_1] Dropbox announced today that it has purchased HelloSign, a company that provides lightweight document workflow and eSignature services. The company paid a hefty $230 million for the privilege. Dropbox’s SVP of engineering, Quentin Clark, sees this as more than simply bolting on electronic signature functionality to the Dropbox solution. For him, the workflow capabilities…

  • Caterpillar profit, forecast fall short of estimates; shares tumble

    Caterpillar profit, forecast fall short of estimates; shares tumble

    [ad_1] (Reuters) – Caterpillar Inc fell short of analysts’ estimates for both fourth-quarter profit and its full-year 2019 outlook on Monday, sending its shares down 5 percent as it suffered from a slowdown in construction business in China. FILE PHOTO – Caterpillar Inc. equipment is on display for sale at a retail site in San…

  • Caterpillar forecasts 2019 profit below estimates

    Caterpillar forecasts 2019 profit below estimates

    [ad_1] FILE PHOTO – Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Caterpillar Inc forecast full-year profit below analysts’ estimates on Monday, indicating a slide in global demand stemming from China would worsen after it reported revenue in…

  • Chipmaker Xilinx’s 5G orders kick off race to cash in on new networks

    Chipmaker Xilinx’s 5G orders kick off race to cash in on new networks

    [ad_1] (Reuters) – Amid a bleak earnings season for semiconductor companies as China’s economy slows, Xilinx Inc provided a bright spot for the sector: Revenue growth driven by the early phases of 5G wireless data networks, earlier and sharper than analysts had expected. FILE PHOTO: A chip of Xilinx is displayed through a magnifying glass…

  • Madrid taxis block major road in biggest anti-Uber protest yet

    Madrid taxis block major road in biggest anti-Uber protest yet

    [ad_1] Taxis disrupt traffic to protest against ride-hailing services in central Madrid, Spain, January 28, 2019. REUTERS/Juan Medina MADRID (Reuters) – Hundreds of taxis blocked a central traffic artery in Madrid during Monday’s morning rush hour, in their biggest show of strength yet as a protest seeking tighter regulation of Uber and other ride-hailing services…

  • World markets slip on China worries; dollar steady ahead of trade talks

    World markets slip on China worries; dollar steady ahead of trade talks

    [ad_1] LONDON (Reuters) – World shares fell into the red on Monday, with equities markets from Asia to Europe buffeted as Chinese industrial profits fell and investors stayed cautious ahead of a busy week including Sino-U.S. trade talks and the Federal Reserve’s policy meeting. FILE PHOTO – Flags of U.S. and China are placed for…

  • Rusal shares soar, aluminum falls as U.S. lifts sanctions

    Rusal shares soar, aluminum falls as U.S. lifts sanctions

    [ad_1] WASHINGTON/MOSCOW (Reuters) – U.S. President Donald Trump’s administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in…

  • China’s industrial profits shrink again in Dec. on weak prices, demand

    China’s industrial profits shrink again in Dec. on weak prices, demand

    [ad_1] BEIJING (Reuters) – Earnings at China’s industrial firms shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted U.S.-Sino trade war. FILE PHOTO: A worker welds a pressure vessel at a company manufacturing industrial equipment in Nantong, Jiangsu…

  • Explainer: Key Issues, implications of U.S.-China trade talks

    Explainer: Key Issues, implications of U.S.-China trade talks

    [ad_1] WASHINGTON (Reuters) – U.S.-China trade talks will reach a pivotal phase this week when Chinese Vice Premier Liu He comes to Washington for negotiations with his U.S. counterparts, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin. FILE PHOTO: Containers and trucks are seen at a terminal of the Qingdao port in…

  • Asia shares pare gains as focus turns to crucial Sino-U.S. trade talks

    Asia shares pare gains as focus turns to crucial Sino-U.S. trade talks

    [ad_1] TOKYO (Reuters) – Asian shares ticked up on Monday though they retreated from earlier highs as relief on news of a deal to reopen the U.S. government following a prolonged shutdown gave way to edginess before a key round of Sino-U.S. trade talks. FILE PHOTO: A man is reflected on an electronic board showing…

  • Long winter’s nap? Global slowdown, market fears could extend Fed pause

    Long winter’s nap? Global slowdown, market fears could extend Fed pause

    [ad_1] WASHINGTON (Reuters) – Ebbing global growth and shaky financial markets threw the U.S. Federal Reserve off course in early 2016, and it took nearly a year for officials to regain confidence growth would continue and convince investors they would again raise interest rates. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC,…

  • Asian stocks advance after U.S. government reopens for now

    Asian stocks advance after U.S. government reopens for now

    [ad_1] TOKYO (Reuters) – Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had taken a toll on investor sentiment. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index…

  • China’s Dec. industrial profits shrink again on weak demand, trade headwinds

    China’s Dec. industrial profits shrink again on weak demand, trade headwinds

    [ad_1] BEIJING (Reuters) – Earnings at China’s industrial firms shrank for a second straight month in December on slowing prices and sluggish factory activity, piling more pressure on an economy in the grips of its slowest growth in nearly three decades. FILE PHOTO: A worker welds a pressure vessel at a company manufacturing industrial equipment…

  • U.S. lifts sanctions on Rusal, other firms linked to Russia’s Deripaska

    U.S. lifts sanctions on Rusal, other firms linked to Russia’s Deripaska

    [ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump’s administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, despite a Democratic-led push in the U.S. Congress to maintain the restrictions. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter…

  • Stocks rise after U.S. government reopens for now

    Stocks rise after U.S. government reopens for now

    [ad_1] TOKYO (Reuters) – Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment. A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo,…

  • Excluding Huawei could hurt 5G network development: China envoy to EU

    Excluding Huawei could hurt 5G network development: China envoy to EU

    [ad_1] FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, December 6, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – China’s envoy to the European Union warned that excluding Chinese tech group Huawei could hamper new 5G mobile networks, the Financial Times on Sunday. Efforts to limit involvement of Chinese technology…

  • Macron says concerned about conditions of Ghosn’s detention in Japan

    Macron says concerned about conditions of Ghosn’s detention in Japan

    [ad_1] CAIRO (Reuters) – French President Emmanuel Macron said on Sunday he has expressed concern to Japanese Prime Minister Shinzo Abe over the prison conditions faced by former Renault boss Carlos Ghosn. “I have considered that the detention was very long and the conditions of the detention harsh, I have said so to Prime Minister…

  • Tesco may cut thousands of fresh food counter jobs: report

    Tesco may cut thousands of fresh food counter jobs: report

    [ad_1] LONDON (Reuters) – Tesco (TSCO.L), Britain’s biggest supermarket chain, may cut thousands of jobs by closing in-store meat, fish and delicatessen counters and by replacing staff canteens with vending machines, the Mail on Sunday newspaper reported, citing industry sources. FILE PHOTO: A woman walks past a Tesco supermarket in central London, December 9, 2014.…

  • France warns against ‘exorbitant’ payoff for ex-Renault boss Ghosn

    France warns against ‘exorbitant’ payoff for ex-Renault boss Ghosn

    [ad_1] PARIS (Reuters) – France’s finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to resign in a financial scandal, should not be “exorbitant” and that the French state would follow the matter closely. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference…

  • Three years later, India’s bankruptcy reform languishes in courts

    Three years later, India’s bankruptcy reform languishes in courts

    [ad_1] MUMBAI (Reuters) – When India introduced new bankruptcy resolution rules in 2016, government officials and investors said they expected debt-burdened state-owned banks to clear up some of their bad loans and create a dynamic market in restructured debt. FILE PHOTO: Commuters walk past a bank sign along a road in New Delhi, India November…

  • Has the fight over privacy changed at all in 2019? – TechCrunch

    Has the fight over privacy changed at all in 2019? – TechCrunch

    [ad_1] Albert Gidari Albert Gidari is the Consulting Director of Privacy at the Stanford Center for Internet and Society. He was a partner for over 20 years at Perkins Coie LLP, achieving a top-ranking in privacy law by Chambers, before retiring to consult with CIS on its privacy program. He negotiated the first-ever “privacy by…

  • Convoy headed from Innisfail to Olds calls for oil and gas industry support

    Convoy headed from Innisfail to Olds calls for oil and gas industry support

    [ad_1] A convoy of trucks is set to travel between Innisfail and Olds on Saturday morning to protest a perceived lack of support for the oil and gas industry by the provincial and federal governments. The event was organized by central Alberta pipeline companies Bristow Projects and Parkland Pipeline Contractors. Their goal is to have as many as 200…

  • Alberta’s OPEC-style cuts draw down oil backlog, analysis firm says

    Alberta’s OPEC-style cuts draw down oil backlog, analysis firm says

    [ad_1] Concerns with the fallout from Alberta’s OPEC-style cuts may persist, but an energy data analysis firm says the mandatory oil curtailment appears to be drawing down crude inventories. The province this month imposed an 8.7-per-cent oil-production cut on industry, or roughly 325,000 barrels a day, in order to clear a huge backlog of crude that was punishing…

  • Malaysia probing audit firms’ conduct in 1MDB scandal

    Malaysia probing audit firms’ conduct in 1MDB scandal

    [ad_1] KUALA LUMPUR (Reuters) – Malaysia’s securities regulator said on Saturday it was looking into the conduct of auditors of 1Malaysia Development Bhd (1MDB), a state fund that was wound up after losing billions of dollars in a scandal that erupted under the country’s previous government. FILE PHOTO: A construction worker talks on the phone…

  • U.S. government shutdown gives banks rare public relations opportunity

    U.S. government shutdown gives banks rare public relations opportunity

    [ad_1] WASHINGTON (Reuters) – The U.S. government shutdown has handed banks a rare opportunity to tout their nicer side as they prepare for rough treatment under a Democrat-controlled House of Representatives. FILE PHOTO – The skyline of midtown Manhattan in New York is seen at sunset from Jersey City, New Jersey June 3, 2012. REUTERS/Gary…

  • Swiss get five offers to replace aging jet fighter fleet

    Swiss get five offers to replace aging jet fighter fleet

    [ad_1] ZURICH (Reuters) – Switzerland on Friday received five bids to replace its aging fighter fleet, from European aerospace group Airbus, France’s Dassault and Sweden’s Saab, as well as Boeing and Lockheed Martin from the United States. FILE PHOTO – French fighter jet Rafale made by Dassault performs during the Breitling Airshow in Sion, Switzerland…

  • WestJet facing flight delays, cancellations, from disruptions at U.S. airports

    WestJet facing flight delays, cancellations, from disruptions at U.S. airports

    [ad_1] FILE PHOTO – A West Jet Boeing 737-700 aircraft (L) departs Vancouver International Airport in Richmond, British Columbia February 9, 2011. REUTERS/Andy Clark MONTREAL (Reuters) – WestJet Airlines, Canada’s No. 2 carrier, is experiencing delayed and canceled flights and expects “further delays and possible cancellations if more constraints are placed” on the U.S. air…

  • Democrats warn U.S. aviation system is jeopardized by government shutdown

    Democrats warn U.S. aviation system is jeopardized by government shutdown

    [ad_1] FILE PHOTO: Federal air traffic controller union members protest the partial U.S. federal government shutdown in a rally at the U.S. Capitol in Washington, U.S. January 10, 2019. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – Two U.S. House Democrats who chair panels overseeing aviation issues warned Friday the ongoing partial government shutdown is jeopardizing aviation…

  • Boeing wins $2.46 billion U.S. defense contract: Pentagon

    Boeing wins $2.46 billion U.S. defense contract: Pentagon

    [ad_1] FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo WASHINGTON (Reuters) – The Boeing Cowon a $2.46 billion U.S. defense contract for the production and delivery of 19 P-8A Poseidon long-range anti-submarine…

  • Oil climbs on Venezuelan crisis despite surging U.S. supply

    Oil climbs on Venezuelan crisis despite surging U.S. supply

    [ad_1] NEW YORK (Reuters) – Oil prices edged higher on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over surging U.S. fuel stocks and global economic woes weighed on sentiment. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy…

  • Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger: NYT

    Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger: NYT

    [ad_1] (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption into these apps, the New York Times reported on Friday. WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27,…

  • Mastercard says plans to apply for China license to clear card payments

    Mastercard says plans to apply for China license to clear card payments

    [ad_1] FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/File Photo SHANGHAI (Reuters) – U.S. payments card company Mastercard Inc said on Friday it still plans to apply for a bankcard clearing license in China and was in “active discussions” to explore solutions. Mastercard…

  • China confident of keeping 2019 growth within ‘appropriate range’

    China confident of keeping 2019 growth within ‘appropriate range’

    [ad_1] FILE PHOTO: A man works on the scaffolding surrounding an apartment block at a construction site in Beijing, China, August 16, 2018. REUTERS/Thomas Peter SHANGHAI (Reuters) – China is fully confident that it is capable of keeping its economic growth rate within an appropriate range in 2019 in spite of challenges, state news agency…

  • Consumer confidence in focus as shutdown fears fade

    Consumer confidence in focus as shutdown fears fade

    [ad_1] NEW YORK (Reuters) – U.S. fund managers are continuing their retreat from consumer-related stocks and increasing their defensive bets out of concerns that the U.S. economy is slowing even though government leaders had reached agreement to end the longest shutdown ever. Traders work on the floor of the New York Stock Exchange (NYSE) in…

  • Take Five: Time for a break? World markets themes for the week ahead

    Take Five: Time for a break? World markets themes for the week ahead

    [ad_1] LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO – A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in Tokyo, Japan,…

  • U.S. economy lost at least $6 billion to government shutdown: S&P

    U.S. economy lost at least $6 billion to government shutdown: S&P

    [ad_1] FILE PHOTO – A woman walks by the U.S. Capitol is on day 32 of a partial government shutdown as becomes the longest in U.S. history in Washington, U.S., January 22, 2019. REUTERS/Carlos Barria (Reuters) – The U.S. economy lost at least $6 billion during the partial shutdown of the federal government due to…

  • Canada union calls for boycott of GM Mexico-made vehicles

    Canada union calls for boycott of GM Mexico-made vehicles

    [ad_1] TORONTO (Reuters) – The union representing autoworkers at General Motors’ Oshawa, Ontario plant called on Canadian and U.S. consumers on Friday to stop buying GM cars made in Mexico, the latest tactic in its campaign to get the automaker back to the bargaining table. The General Motors assembly plant in Oshawa, Ontario, Canada November…

  • Flights snarled at U.S. East Coast airports as controllers call in sick

    Flights snarled at U.S. East Coast airports as controllers call in sick

    [ad_1] NEW YORK (Reuters) – Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports on Friday as air traffic controllers called in sick hours before President Donald Trump announced an end to the 35-day partial shutdown of the U.S. government. Trump said on Friday he had reached a deal with U.S.…

  • Stocks, yields rise after deal announced to end U.S. government shutdown

    Stocks, yields rise after deal announced to end U.S. government shutdown

    [ad_1] NEW YORK (Reuters) – Wall Street indexes rose and bond yields followed stocks higher on Friday after U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown and as investors reacted to corporate earnings reports. FILE PHOTO – A journalist takes a picture of the new 50 Euro banknote…

  • Wall Street advances on Washington temporary shutdown deal

    Wall Street advances on Washington temporary shutdown deal

    [ad_1] NEW YORK (Reuters) – Wall Street gained ground on Friday in a broad-based rally as investors were heartened by news that Washington would move to temporarily end the longest U.S. government shutdown in history. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan…

  • Wall Street ends up on Washington shutdown deal

    Wall Street ends up on Washington shutdown deal

    [ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street ended higher on Friday after a broad-based rally, with investors heartened by news that Washington would move to temporarily end the longest U.S. government shutdown in history.…

  • Stocks, bond yields up; deal to end shutdown announced

    Stocks, bond yields up; deal to end shutdown announced

    [ad_1] NEW YORK (Reuters) – Wall Street indexes rallied and bond yields followed stocks higher on Friday as investors reacted to corporate earnings reports and U.S. President Donald Trump announced an agreement to end the longest ever U.S. government shutdown. FILE PHOTO – A journalist takes a picture of the new 50 Euro banknote with…

  • Irish data watchdog investigates Twitter over privacy rules breach

    Irish data watchdog investigates Twitter over privacy rules breach

    [ad_1] FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo DUBLIN (Reuters) – Twitter’s lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), said on Friday it was investigating the company for a breach…

  • Netflix says there’s no need to force them to pay more for Canadian content

    Netflix says there’s no need to force them to pay more for Canadian content

    [ad_1] Netflix says it shouldn’t be forced to pay into funds that are designed to support the creation of Canadian content, arguing that the country is better served by market competition than by regulating foreign online services. The California-based company makes the argument in a submission to a government-appointed expert panel that will make recommendations…

  • Siemens, Alstom sweeten EU antitrust concessions, maybe too late

    Siemens, Alstom sweeten EU antitrust concessions, maybe too late

    [ad_1] FILE PHOTO: European Competition Commissioner Margrethe Vestager speaks during an interview with Reuters at the EU Commission headquarters in Brussels, Belgium, December 10, 2018. REUTERS/Francois Lenoir/File Photo BRUSSELS (Reuters) – Siemens and Alstom on Friday beefed up concessions aimed at allaying EU antitrust concerns about their rail merger deal, a person familiar with the…

  • Unifor calls for Canadian boycott on GM vehicles built in Mexico

    Unifor calls for Canadian boycott on GM vehicles built in Mexico

    [ad_1] The union representing workers at General Motors’ Oshawa assembly plant on Friday called on Canadians to boycott any of the automaker’s vehicles manufactured in Mexico.  Unifor national president Jerry Dias said the union has done “everything possible” to avoid a boycott but their efforts have fell on deaf ears at the multinational auto giant. “We…

  • Stocks up on hopes of U.S. shutdown end, yields follow

    Stocks up on hopes of U.S. shutdown end, yields follow

    [ad_1] NEW YORK (Reuters) – Wall Street indexes rallied and bond yields followed stocks higher on Friday on hopes U.S. lawmakers would reach an agreement to end the longest government shutdown in history. FILE PHOTO – A journalist takes a picture of the new 50 Euro banknote with a mobile phone during the presentation of…

  • Homebuilder Horton hopes for better spring as higher prices bite

    Homebuilder Horton hopes for better spring as higher prices bite

    [ad_1] (Reuters) – D.R. Horton Inc held out hope on Friday of improved demand for its homes in the spring selling season after a tough few months where higher prices and mortgage rates kept some buyers out of the market. FILE PHOTO: A house built by the D.R. Horton company is seen for sale in…

  • Alibaba slams U.S. treatment of Huawei, efforts to curb China’s rise

    Alibaba slams U.S. treatment of Huawei, efforts to curb China’s rise

    [ad_1] HONG KONG (Reuters) – A senior Alibaba executive slammed the United States’ treatment of China’s Huawei Technologies as “extremely unfair”, saying measures by the country to curb the firm’s access to their markets was “very politically motivated”. Joe Tsai, the e-commerce giant’s executive vice-chairman, also sharply criticized what he called an attempt by the…

  • Vodafone pauses Huawei network supply purchases in Europe – TechCrunch

    Vodafone pauses Huawei network supply purchases in Europe – TechCrunch

    [ad_1] Huawei had a very good 2018, and it’s likely to have a very good 2019, as well. But there’s one little thing that keeps putting a damper on the hardware maker’s global expansion plans. The U.S. and Canada have already taken action over the company’s perceived link to the Chinese government, and now Vodafone’s…

  • As government shutdown drags on, shares of subprime lenders rally

    As government shutdown drags on, shares of subprime lenders rally

    [ad_1] (Reuters) – Payday lenders’ stocks have emerged as big winners during the record-long U.S. government shutdown, though the updraft could prove short-lived. FILE PHOTO: A demonstrator holds a sign, signifying hundreds of thousands of federal employees who won’t be receiving their paychecks as a result of the partial government shutdown, during a “Rally to…

  • LaGuardia Airport flights halted due to staffing issues amid partial government shutdown

    LaGuardia Airport flights halted due to staffing issues amid partial government shutdown

    [ad_1] Flights at New York City’s LaGuardia Airport have been temporarily halted due to staffing issues amid the U.S. partial government shutdown, according to the Federal Aviation Administration. The FAA’s website says the airport will be closed until at least 10:45 a.m. ET, citing staffing issues.  Friday marks the day federal workers miss their second paycheque since the…

  • Zuckerberg plans to integrate WhatsApp, Instagram and Facebook Messenger: NYT

    Zuckerberg plans to integrate WhatsApp, Instagram and Facebook Messenger: NYT

    [ad_1] WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. REUTERS/Phil Noble (Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg is planning to unify the underlying messaging infrastructure of its WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption to these apps, the New York…

  • ‘Under siege’, oil industry mulls raising returns and PR game

    ‘Under siege’, oil industry mulls raising returns and PR game

    [ad_1] DAVOS, Switzerland (Reuters) – When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors. A working oil pump is seen through fencing in Niederlauterbach, May 7, 2014.…

  • Global stocks gain on earnings, euro rebounds after dovish ECB

    Global stocks gain on earnings, euro rebounds after dovish ECB

    [ad_1] LONDON (Reuters) – Global stocks rose on Friday, as strong earnings helped to underpin investor sentiment in the face of growing signs that the global economy is slowing and a still unresolved trade dispute between the United States and China. The German share price index DAX graph is pictured at the stock exchange in…

  • U.S. bank trade group, Accenture and others back fintech startup Finxact

    U.S. bank trade group, Accenture and others back fintech startup Finxact

    [ad_1] NEW YORK (Reuters) – Accenture Plc, SunTrust Banks Inc and the American Bankers Association, a trade group for U.S. banks, said on Friday that they had joined a $30 million investment round in Finxact, a startup that develops the back-end technology used by banks to process some transactions. Visitors look at devices at Accenture…

  • Deutsche Bank board members not pushing for Commerzbank tie-up: union

    Deutsche Bank board members not pushing for Commerzbank tie-up: union

    [ad_1] BERLIN (Reuters) – There is no desire among Deutsche Bank’s supervisory board members for a merger with rival Commerzbank in the near-term, a Deutsche board member said. Banners of Deutsche Bank and Commerzbank are pictured in front of a trader at the stock exchange in Frankfurt, Germany, September 30, 2016. REUTERS/Kai Pfaffenbach “At the…

  • Oil prices climb as U.S. threatens sanctions against Venezuela

    Oil prices climb as U.S. threatens sanctions against Venezuela

    [ad_1] LONDON (Reuters) – Oil prices edged up on Friday as turmoil in Venezuela increased the chances of tighter global supply if the United States makes good on signals that it could impose sanctions on Venezuelan exports. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department…

  • Earnings lift stocks, euro recovers from dovish ECB comments

    Earnings lift stocks, euro recovers from dovish ECB comments

    [ad_1] LONDON (Reuters) – World stock markets inched higher on Friday as strong earnings helped to underpin investor sentiment in the face of growing signs that the global economy is slowing and a still unresolved trade dispute between the United States and China. FILE PHOTO – Pedestrians walk past an electronic board showing the graphs…

  • U.S. trying to contain rise of China: Alibaba executive

    U.S. trying to contain rise of China: Alibaba executive

    [ad_1] The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song HONG KONG (Reuters) – The Sino-U.S. trade war has spurred anti-China sentiment, a senior Alibaba Group Holding Ltd executive said, adding that the United States was trying to contain the rise of China.…

  • What we know about Alberta’s plan to buy thousands of oil tank cars

    What we know about Alberta’s plan to buy thousands of oil tank cars

    [ad_1] In late November, Alberta Premier Rachel Notley announced that within “a few weeks” her government would unveil its plan to buy thousands of railcars to help transport the province’s oil to market.  Eight weeks later and the provincial government is still in negotiations with railway companies and suppliers. The latest update from Energy Minister Marg…

  • Sandberg says Facebook must earn back trust

    Sandberg says Facebook must earn back trust

    [ad_1] DAVOS, Switzerland (Reuters) – Facebook Inc’s operations chief Sheryl Sandberg said on Wednesday that the world’s largest social network needed to win back public trust after facing scandals for violating its users’ privacy. The social media platform is investing billions of dollars a year to improve the security of its network, Sandberg said in…

  • Hyundai Motor to cut China jobs after sales slump

    Hyundai Motor to cut China jobs after sales slump

    [ad_1] FILE PHOTO: Hyundai cars leave a plant of Hyundai Motor Co in Beijing, China, August 30, 2017. REUTERS/Thomas Peter SEOUL (Reuters) – Hyundai Motor said on Friday that its Chinese joint venture is accepting voluntary retirements from employees, after its sales slumped. “Hyundai Motor is reviewing various optimization plans to enhance facility efficiency around…

  • Asia stocks at seven-week top after U.S. techs rise

    Asia stocks at seven-week top after U.S. techs rise

    [ad_1] TOKYO (Reuters) – Asian stocks rallied to a seven-week high on Friday, buoyed by gains in U.S. technology firms as pockets of strength in corporate earnings eased some of the anxiety over a slowing global economy. FILE PHOTO – Pedestrians walk past an electronic board showing the graphs of the recent fluctuations of the…

  • Oil prices jump as U.S. threatens sanctions against Venezuela

    Oil prices jump as U.S. threatens sanctions against Venezuela

    [ad_1] SYDNEY/SINGAPORE (Reuters) – Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport,…

  • Global shipping rates slump in latest sign of economic slowdown

    Global shipping rates slump in latest sign of economic slowdown

    [ad_1] SINGAPORE (Reuters) – Freight rates for dry-bulk and container ships, carriers of most of the world’s raw materials and finished goods, have plunged over the last six months in the latest sign the global economy is slowing significantly. FILE PHOTO: Chinese container ship “Cosco Shipping Aries” is unloaded at a loading terminal in the…

  • Asia stocks firm, euro sags after dovish ECB

    Asia stocks firm, euro sags after dovish ECB

    [ad_1] TOKYO (Reuters) – Asian stocks rose across the board on Friday, buoyed by gains in U.S. technology shares while investors awaited several key events next week including U.S.-China trade talks. FILE PHOTO – Pedestrians walk past an electronic board showing the graphs of the recent fluctuations of the Japanese yen’s exchange rate against the…

  • Tencent shares jump 3 percent after Chinese regulators approve new games

    Tencent shares jump 3 percent after Chinese regulators approve new games

    [ad_1] FILE PHOTO: A Tencent Games logo from an app is seen on a mobile phone in this illustration picture taken Nov. 5, 2018. REUTERS/Florence Lo/Illustration/File Photo HONG KONG (Reuters) – Tencent Holdings Ltd saw its shares jump more than 3 percent on Friday as investors cheered Chinese regulators’ approval of mobile games published by…

  • Tencent shares jump over 3 percent after Chinese regulators approve new games

    Tencent shares jump over 3 percent after Chinese regulators approve new games

    [ad_1] FILE PHOTO: People use smartphones at a Tencent booth during the Global Mobile Internet Conference (GMIC) 2017 in Beijing, China April 28, 2017. REUTERS/Jason Lee/File Photo HONG KONG (Reuters) – Tencent Holdings’ (0700.HK) shares rose more than 3 percent on Friday after Chinese regulators approved mobile games published by the firm for the first…

  • Apple dismisses over 200 staff from autonomous vehicle group: CNBC

    Apple dismisses over 200 staff from autonomous vehicle group: CNBC

    [ad_1] The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann (Reuters) – Apple Inc has dismissed more than 200 employees from its autonomous vehicle group, Project Titan, CNBC reported on Thursday, citing people familiar with the matter. The dismissals are seen, internally, as anticipated restructuring under the…

  • Subaru probe finds 3,400 staff were not paid for overtime work

    Subaru probe finds 3,400 staff were not paid for overtime work

    [ad_1] FILE PHOTO: Subaru’s logo is pictured at its factory in Ota, north of Tokyo, Japan May 24, 2017. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Subaru Corp (7270.T) on Friday said it did not pay overtime wages over a two-year period to some 3,400 employees who under-reported their hours, a revelation that surfaced in an…

  • U.S., China ‘miles and miles’ from trade deal -Ross

    U.S., China ‘miles and miles’ from trade deal -Ross

    [ad_1] WASHINGTON (Reuters) – The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday. A 30-member Chinese delegation plans to come to Washington next week for talks, he said, as the…

  • Asia stocks gain, euro struggles after dovish ECB

    Asia stocks gain, euro struggles after dovish ECB

    [ad_1] TOKYO (Reuters) – Asian stocks inched higher on Friday, buoyed by gains in U.S. technology shares, but gains were capped by worries over slowing growth in Europe and caution ahead of several key events next week including U.S.-China trade talks. FILE PHOTO – Pedestrians walk past an electronic board showing the graphs of the…

  • Starbucks top sales forecasts as holiday drinks make comeback

    Starbucks top sales forecasts as holiday drinks make comeback

    [ad_1] (Reuters) – Starbucks exceeded Wall Street forecasts for quarterly sales on Thursday, led by the popularity of its holiday-themed drinks in the United States, where its growth has been cooling in an increasingly crowded market for coffee houses. FILE PHOTO – People walk past a Starbucks store in Los Angeles, California, United States, October…

  • Weak Intel outlook stokes fears of a chip slowdown

    Weak Intel outlook stokes fears of a chip slowdown

    [ad_1] (Reuters) – Intel Corp forecast current-quarter revenue and profit below analysts’ estimates and missed fourth-quarter sales estimates on Thursday, hit by a slowdown in China and sluggish demand for its data center and modem chips. FILE PHOTO: An Intel logo is seen at the company’s offices in Petah Tikva, near Tel Aviv, Israel October…

  • Canada set to provide Nokia C$40 million for 5G research

    Canada set to provide Nokia C$40 million for 5G research

    [ad_1] FILE PHOTO: Rajeev Suri, Nokia’s President and Chief Executive Officer, speaks during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman/File Photo (Reuters) – The Canadian government will provide C$40 million ($30 million)in funding to telecom network equipment maker Nokia for research on 5G wireless technology. The funding to Finland-based Nokia…

  • China envoy McCallum walks back comments on Meng Wanzhou case

    China envoy McCallum walks back comments on Meng Wanzhou case

    [ad_1] Canada’s ambassador to China now says he regrets making comments earlier this week that suggested Meng Wanzhou, the Huawei executive detained in Canada on a U.S. extradition request, has a strong case that her arrest was politically motivated. “I regret that my comments with respect to the legal proceedings of Ms. Meng have created confusion.…

  • Starbucks tops sales, earnings estimates as newer menus click

    Starbucks tops sales, earnings estimates as newer menus click

    [ad_1] FILE PHOTO – People walk past a Starbucks store in Los Angeles, California, United States, October 17, 2018. REUTERS/Lucy Nicholson (Reuters) – Starbucks Corp topped Wall Street forecasts for quarterly sales and earnings, as rejigged menus and heavy promotions helped attract customers to its cafes, driving its shares 4 percent higher on Thursday. Results…

  • Nasdaq boosted by chip rally; Dow, S&P 500 stall

    Nasdaq boosted by chip rally; Dow, S&P 500 stall

    [ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong…

  • Google asks U.S. Supreme Court to end Oracle copyright case

    Google asks U.S. Supreme Court to end Oracle copyright case

    [ad_1] FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo (Reuters) – Alphabet Inc’s Google on Thursday asked the U.S. Supreme Court to free it from a billion-dollar copyright case brought by Oracle Corp that dates to 2010. Google urged the…

  • Stocks meander, bonds up after ECB, U.S.-China trade talk

    Stocks meander, bonds up after ECB, U.S.-China trade talk

    [ad_1] NEW YORK (Reuters) – Stocks flitted between positive and negative territory on Thursday while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China. FILE PHOTO – A…

  • ‘Maddening’ U.S. shutdown hangs over airlines even as profits beat

    ‘Maddening’ U.S. shutdown hangs over airlines even as profits beat

    [ad_1] CHICAGO (Reuters) – Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near. FILE PHOTO: An American Airlines jet taxis on the runway at Washington National Airport in Washington, U.S., August 9, 2017. REUTERS/Joshua Roberts The carriers…

  • Ottawa pledges $40M for Nokia to conduct 5G research

    Ottawa pledges $40M for Nokia to conduct 5G research

    [ad_1] Ottawa will announce up to $40 million for Finnish telecom giant Nokia on Thursday to conduct research on 5G wireless technology in Canada. The funding comes as the federal government is in the middle of a comprehensive national-security review of the potential involvement of Nokia’s Chinese rival, Huawei, in Canada’s eventual fifth generation mobile network.…

  • Deutsche Bank queried by U.S. House panels on Trump ties

    Deutsche Bank queried by U.S. House panels on Trump ties

    [ad_1] FRANKFURT (Reuters) – Deutsche Bank AG has received an inquiry from two U.S. House of Representatives committees on the lender’s ties to President Donald Trump, it said on Thursday. FILE PHOTO: A Deutsche Bank logo at the company’s headquarters in Frankfurt, Germany June 9, 2015. REUTERS/Ralph Orlowski/File Photo Democrats now in control of the…

  • Microsoft acquires Citus Data – TechCrunch

    Microsoft acquires Citus Data – TechCrunch

    [ad_1] Microsoft today announced that it has acquired Citus Data, a company that focused on making PostgreSQL database faster and more scalable. Citus’ open source PostgreSQL extension essentially turns the application into a distributed database and while there has been a lot of hype around the NoSQL movement and document stores, relational database — and especially…

  • GM to invest $22 million in Tennessee plant

    GM to invest $22 million in Tennessee plant

    [ad_1] The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File Photo (Reuters) – General Motors Co said on Thursday it will invest $22 million at its Tennessee plant to build fuel-efficient engines. The U.S. automaker will add more than 200 jobs at the Spring Hill plant to make fuel-efficient…

  • Stocks weak, bonds up after ECB, U.S.-China trade talk

    Stocks weak, bonds up after ECB, U.S.-China trade talk

    [ad_1] NEW YORK (Reuters) – A global stock index clung to gains on Thursday and U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China. FILE PHOTO – A…

  • ECB’s Draghi warns of weaker growth ahead

    ECB’s Draghi warns of weaker growth ahead

    [ad_1] FRANKFURT (Reuters) – European Central Bank President Mario Draghi acknowledged on Thursday that economic growth in the euro zone was likely to be weaker than earlier expected due to the fall-out from factors ranging from China’s slowdown to Brexit European Central Bank (ECB) President Mario Draghi holds a news conference, in Frankfurt, Germany January…

  • Hedge fund prepares proxy fight to oust embattled PG&E’s board

    Hedge fund prepares proxy fight to oust embattled PG&E’s board

    [ad_1] (Reuters) – PG&E Corp (PCG.N) shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming investors. FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise,…

  • Blue Prism to issue $130M in stock to raise new funds – TechCrunch

    Blue Prism to issue $130M in stock to raise new funds – TechCrunch

    [ad_1] Just this morning robotic process automation (RPA) firm, Blue Prism, announced enhancements to its platform. A little later the company, which went public on the London Stock Exchange in 2016, announced it was raising £100 million (approximately $130 million) by issuing new stock. The announcement comes after reporting significant losses in its most recent…

  • What Venezuelan turmoil could mean for Canada’s oilpatch

    What Venezuelan turmoil could mean for Canada’s oilpatch

    [ad_1] More turbulence in Venezuela — including the threat of United States sanctions on its crude oil exports — has Canada’s oilpatch watching carefully for how the impact will ripple out across the industry.  Analysts say sanctions, or a further drop in Venezuelan oil output, could leave American refiners on the hunt for even heavy crude, providing a potential price lift for Canadian producers.…

  • Union Pacific profit beats on higher industrial demand, cost cuts

    Union Pacific profit beats on higher industrial demand, cost cuts

    [ad_1] A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren (Reuters) – U.S. railroad operator Union Pacific Corp (UNP.N) on Thursday reported a better-than-expected quarterly profit, as higher demand for industrial shipments and cost controls bolstered results. Its operating…

  • Renault names new leaders as scandal-hit Ghosn bows out

    Renault names new leaders as scandal-hit Ghosn bows out

    [ad_1] PARIS (Reuters) – Renault (RENA.PA) appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its alliance with Japan’s Nissan (7201.T). Jean-Dominique Senard, newly-appointed Chairman of Renault, and Thierry Bollore, newly-appointed Chief…

  • Renault confirms Senard as new chairman, Bollore as CEO

    Renault confirms Senard as new chairman, Bollore as CEO

    [ad_1] Jean-Dominique Senard, newly-appointed Chairman of Renault, and Thierry Bollore, newly-appointed Chief Executive Officer of Renault, talk to journalists after French carmaker Renault’s board of directors meeting in Boulogne-Billancourt, near Paris, France, January 24, 2019. REUTERS/Philippe Wojazer PARIS (Reuters) – French carmaker Renault (RENA.PA) on Thursday confirmed the appointment of Michelin’s (MICP.PA) Jean-Dominique Senard as…

  • Exclusive: Hedge fund prepares proxy fight to oust board at embattled PG&E

    Exclusive: Hedge fund prepares proxy fight to oust board at embattled PG&E

    [ad_1] NEW YORK (Reuters) – PG&E Corp (PCG.N) shareholder Blue Mountain Capital Management LLC is preparing to launch a proxy fight to oust the embattled California utility owner’s board, arguing that the company is harming investors with its plan to seek bankruptcy protection in the wake of catastrophic wildfires. FILE PHOTO: PG&E works on power lines to repair damage caused by…

  • Bombardier to buy Triumph’s wing-making unit

    Bombardier to buy Triumph’s wing-making unit

    [ad_1] FILE PHOTO – A Bombardier trade pavilion is seen at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville (Reuters) – Canada’s Bombardier Inc (BBDb.TO) said on Wednesday it will buy a wing manufacturing unit from aircraft parts supplier Triumph Group (TGI.N) to boost its business jets program. Financial terms of the…

  • Oil rises after U.S. threat of sanctions on Venezuela crude

    Oil rises after U.S. threat of sanctions on Venezuela crude

    [ad_1] LONDON (Reuters) – Oil rose on Thursday, shaking off persistent concern about the outlook for demand after the U.S. government said it could impose sanctions on OPEC member Venezuela’s crude exports. FILE PHOTO: Oil takners pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed/File Photo Venezuela’s opposition leader Juan Guaido declared…

  • New Zealand PM says country is not discriminating against Huawei

    New Zealand PM says country is not discriminating against Huawei

    [ad_1] DAVOS, Switzerland (Reuters) – New Zealand’s prime minister has assured Chinese telecoms equipment group Huawei Technologies Co Ltd of even-handed treatment after the small U.S. ally blocked the sale of some Huawei equipment citing national security concerns. Western intelligence agencies have raised concerns in recent years that Huawei, the world’s largest maker of telecoms…

  • Renault to name new leaders as scandal-hit Ghosn bows out

    Renault to name new leaders as scandal-hit Ghosn bows out

    [ad_1] PARIS (Reuters) – Renault’s (RENA.PA) board was meeting on Thursday to appoint new leadership, after Chairman and Chief Executive Carlos Ghosn resigned in the wake of a financial scandal that has rocked the French carmaker and its alliance with Japan’s Nissan (7201.T). FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends…

  • French minister announces Ghosn resignation from Renault

    French minister announces Ghosn resignation from Renault

    [ad_1] France’s finance minister says that Carlos Ghosn, who is fighting breach of trust and other charges in Japan, has resigned as head of Renault. Ghosn has been detained for more than two months in Japan. French Finance Minister Bruno Le Maire said at the World Economic Forum in Davos on Thursday that Ghosn formally handed in his resignation…

  • Saudis to Davos: move on from Khashoggi, let’s do business

    Saudis to Davos: move on from Khashoggi, let’s do business

    [ad_1] DAVOS, Switzerland (Reuters) – If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed bin Salman is pictured during his…

  • China’s Huawei eyes smartphone supremacy this year after record 2018 sales

    China’s Huawei eyes smartphone supremacy this year after record 2018 sales

    [ad_1] BEIJING/HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd [HWT.UL] on Thursday said it could become the world’s biggest-selling smartphone vendor this year even without the U.S. market and as global scrutiny of the firm intensifies. The head of Huawei’s consumer business group, Richard Yu, speaks during a presentation in Beijing, China, January 24,…

  • China says to have in-depth talks with U.S. on economic, trade issues

    China says to have in-depth talks with U.S. on economic, trade issues

    [ad_1] FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo BEIJING (Reuters) – China and the United States will have in-depth discussions on various economic and trade issues during Chinese Vice Premier Liu He’s U.S. visit next week, the Chinese commerce ministry said on…

  • Oil prices dip on worries fuel demand to stall as global growth slows

    Oil prices dip on worries fuel demand to stall as global growth slows

    [ad_1] SINGAPORE (Reuters) – Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel demand and after a surprise build in U.S. crude inventories. FILE PHOTO: Oil takners pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed/File Photo International Brent crude oil futures LCOc1 were at…

  • U.S. copper projects gain steam thanks to electric vehicle trend

    U.S. copper projects gain steam thanks to electric vehicle trend

    [ad_1] YERINGTON, Nev. (Reuters) – Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal. General view of Nevada Copper’s Pumpkin Hollow copper mine…

  • Global auto deals doubled in 2018: PwC

    Global auto deals doubled in 2018: PwC

    [ad_1] FILE PHOTO: Automobiles drive in heavy traffic along the Long Island Expressway in the Queens borough of New York, U.S., November 20, 2018. REUTERS/Shannon Stapleton (Reuters) – Global auto industry mergers more than doubled to an all-time high of $97.5 billion in 2018 from a year earlier, driven by mega-deals in the automotive parts…

  • ‘AI’ to hit hardest in U.S. heartland and among less-skilled: study

    ‘AI’ to hit hardest in U.S. heartland and among less-skilled: study

    [ad_1] WASHINGTON (Reuters) – The Midwestern states hit hardest by job automation in recent decades, places that were pivotal to U.S. President Donald Trump’s election, will be under the most pressure again as advances in artificial intelligence reshape the workplace, according to a new study by Brookings Institution researchers. FILE PHOTO: Jean Pierre “JP” Bolat…

  • PG&E puts cost of judge’s wildfire plan at up to $150 billion

    PG&E puts cost of judge’s wildfire plan at up to $150 billion

    [ad_1] SAN FRANCISCO (Reuters) – California power company PG&E Corp, which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge’s order to inspect its power grid and remove or trim trees that could fall into power lines and trigger wildfires.…

  • Citadel’s Griffin buys New York condo for record $238 million

    Citadel’s Griffin buys New York condo for record $238 million

    [ad_1] NEW YORK (Reuters) – Ken Griffin, the billionaire founder of hedge fund Citadel, has paid $238 million for a penthouse condominium overlooking Manhattan’s Central Park, a spokesman for Griffin said on Wednesday, in a deal that sets a record for a U.S. home sale. New buildings (L-R) Central Park Tower, One57, 111 W 57th…

  • Microsoft says Bing search engine blocked in China

    Microsoft says Bing search engine blocked in China

    [ad_1] (Reuters) – Microsoft Corp’s (MSFT.O) Bing search engine has been blocked in China, the company said on Wednesday, making it the latest foreign technology service to be shut down behind the country’s Great Firewall. A sign of Microsoft Corp’s Bing search engine is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China…

  • Asian shares subdued as U.S. political standoff, ECB decision eyed

    Asian shares subdued as U.S. political standoff, ECB decision eyed

    [ad_1] TOKYO (Reuters) – Asian shares were subdued on Thursday as political uncertainty in the United States and worries about weakening global economic growth left investors wary of riskier assets. FILE PHOTO – A pedestrian looks at various stock prices outside a brokerage in Tokyo, Japan, February 26, 2016. REUTERS/Yuya Shino MSCI’s broadest index of…

  • Microsoft says Bing inaccessible in China

    Microsoft says Bing inaccessible in China

    [ad_1] (Reuters) – Microsoft Corp’s Bing search engine is currently inaccessible in China and the company is exploring its next steps, a company spokesperson said in a statement. Reporting by Rishika Chatterjee in Bengaluru; Editing by Gopakumar Warrier Our Standards:The Thomson Reuters Trust Principles. [ad_2] Source link

  • Microsoft’s Bing blocked in China: FT report

    Microsoft’s Bing blocked in China: FT report

    [ad_1] FILE PHOTO: A Microsoft sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 5, 2018. REUTERS/Aly Song (Reuters) – Microsoft Corp’s Bing search engine has been blocked in China following a government order, the Financial Times reported on Thursday, citing people familiar…

  • Huawei executive has strong case to fight extradition: Canadian envoy

    Huawei executive has strong case to fight extradition: Canadian envoy

    [ad_1] OTTAWA (Reuters) – A top executive from Huawei Technologies Co Ltd [HWT.UL] being held in Canada can make “strong arguments” against extradition to the United States, in part due to President Donald Trump’s politicization of the case, Canada’s ambassador to China said. FILE PHOTO: Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO),…

  • Renault board meets to choose successor to Ghosn

    Renault board meets to choose successor to Ghosn

    [ad_1] PARIS (Reuters) – Renault’s (RENA.PA) board will meet on Thursday to replace Chairman and Chief Executive Carlos Ghosn, in a move that could help ease tensions with alliance partner Nissan following Ghosn’s arrest in Japan for alleged financial misconduct. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news…

  • JPMorgan’s private bank expands business in Mexico: regional CEO

    JPMorgan’s private bank expands business in Mexico: regional CEO

    [ad_1] MEXICO CITY (Reuters) – JPMorgan Chase & Co’s (JPM.N) private bank is expanding in Mexico and elsewhere in Latin America, the unit’s regional CEO said on Wednesday, as wealth creation and political changes bolster the sector’s prospects. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in…

  • Wall Street edges higher as upbeat earnings dampened by trade, shutdown woes

    Wall Street edges higher as upbeat earnings dampened by trade, shutdown woes

    [ad_1] (Reuters) – Wall Street ended slightly higher on Wednesday after a spate of upbeat earnings reports, but lingering concerns about trade tensions and the longest U.S. government shutdown ever limited the advance. All three major U.S. stock indexes closed in positive territory, with the blue chip Dow Jones Industrial Average seeing the biggest gains…

  • Boeing says prolonged government shutdown could hurt business: CNBC

    Boeing says prolonged government shutdown could hurt business: CNBC

    [ad_1] FILE PHOTO: Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5, 2018. REUTERS/Jason Redmond/File Photo (Reuters) – Boeing Co has warned that a prolonged U.S. government shutdown could hurt its business as well as the broader aviation industry, CNBC reported on Wednesday, citing an emailed…

  • Overseas losses drag down Ford fourth-quarter results

    Overseas losses drag down Ford fourth-quarter results

    [ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results. FILE PHOTO – The logo of the Ford Motor Company is seen outside a car dealership in Cape Town, South Africa, October 18, 2017. REUTERS/Mike Hutchings “It…

  • Boeing’s flying car lifts off in race to revolutionize urban travel

    Boeing’s flying car lifts off in race to revolutionize urban travel

    [ad_1] SEATTLE (Reuters) – Boeing Co said its flying car prototype hovered briefly in the air during an inaugural test flight on Wednesday, a small but significant step as the world’s largest planemaker bids to revolutionize urban transportation and parcel delivery services. Boeing’s Autonomous Passenger Air Vehicle (PAV) prototype is shown during an inaugural test…

  • Oracle says racial discrimination lawsuit is ‘meritless’ – TechCrunch

    Oracle says racial discrimination lawsuit is ‘meritless’ – TechCrunch

    [ad_1] Oracle says the racial discrimination lawsuit filed by the U.S. Department of Labor’s Office of Federal Contract Compliance Programs is “meritless.” This comes after Oracle declined yesterday to comment on the OFCCP’s filing that alleges Oracle withheld $400 million in wages from underrepresented employees. “This meritless lawsuit is based on false allegations and a seriously…

  • Stocks seesaw, dollar off; global, U.S. worries weigh

    Stocks seesaw, dollar off; global, U.S. worries weigh

    [ad_1] NEW YORK (Reuters) – Stocks oscillated between positive and negative territory on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports. People walk past the London Stock Exchange Group offices in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville The U.S. dollar…

  • Deciem and the death of Brandon Truaxe

    Deciem and the death of Brandon Truaxe

    [ad_1] “I think his legacy will be one of somebody who pulled back the curtain and exposed the beauty industry for a lot of what it is.”  Brandon Truaxe, the founder of Canadian skincare company Deciem, died at the age of 40 over the weekend. Since its launch in 2013, Deciem — whose tagline is…

  • CEOs say Trump policies hurt business, investment

    CEOs say Trump policies hurt business, investment

    [ad_1] From center stage in Davos last year, U.S. President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way. Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this…

  • Activist target Pernod boosts board independence with new role

    Activist target Pernod boosts board independence with new role

    [ad_1] PARIS (Reuters) – French spirits group Pernod Ricard (PERP.PA) named business veteran Patricia Barbizet to the newly created role of lead independent director on Wednesday as it faces pressure from activist investor Elliott to improve its governance. FILE PHOTO – A logo is seen on a bottle of the Ricard aniseed-flavoured beverage displayed during…

  • Huawei executive has strong case against extradition: Canadian envoy

    Huawei executive has strong case against extradition: Canadian envoy

    [ad_1] OTTAWA (Reuters) – A top executive from Huawei Technologies Co Ltd [HWT.UL] being held in Canada can make “strong arguments” against extradition to the United States, in part due to President Donald Trump’s politicization of the case, Canada’s ambassador to China said. FILE PHOTO: Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO),…

  • Tesla to cut production hours for Model S and X

    Tesla to cut production hours for Model S and X

    [ad_1] FILE PHOTO – A Tesla Model X is photographed alongside a Model S at a Tesla electric car dealership in Sydney, Australia, May 31, 2017. REUTERS/Jason Reed (Reuters) – Tesla Inc (TSLA.O) is reducing production hours for its higher priced electric cars Model S and Model X to improve efficiencies, a Tesla spokesperson said…

  • Retail sales slipped to $50.4B in November

    Retail sales slipped to $50.4B in November

    [ad_1] Statistics Canada says retail sales fell 0.9 per cent to $50.4 billion in November. Economists had expected a drop of 0.6 per cent, according to Thomson Reuters Eikon. Statistics Canada says the move lower came as sales at gasoline stations and motor vehicle and parts dealers dropped. Excluding these two subsectors, retail sales increased…

  • Open-source leader Confluent raises $125m on $2.5b valuation – TechCrunch

    Open-source leader Confluent raises $125m on $2.5b valuation – TechCrunch

    [ad_1] Confluent, the commercial company built on top of the open source Apache Kafka project, announced a $125 million Series D round this morning on an enormous $2.5 billion valuation. The round was led by existing investor Sequoia Capital with participation from Index Ventures and Benchmark, who also participated in previous rounds. Today’s investment brings…

  • Shopify is getting into TV and film production

    Shopify is getting into TV and film production

    [ad_1] Shopify Inc. will launch a TV and film content development and production house. The Ottawa-based e-commerce company says the venture will be called Shopify Studios and will involve developing, producing and financing projects for both streaming platforms and traditional networks. Among the first wave of content Shopify will release is a series of 20-…

  • Green Growth Brands goes public with Aphria takeover offer

    Green Growth Brands goes public with Aphria takeover offer

    [ad_1] Weeks after saying they wanted to buy the company, cannabis retailer Green Growth Brands has finally come forward with details of their offer to take over cannabis producer Aphria Inc. The Ohio-based company said it is offering to buy out existing Aphria shareholders in an all-stock transaction that will see them get 1.5714 shares in…

  • Strong earnings boost Dow at the open

    Strong earnings boost Dow at the open

    [ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid (Reuters) – Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in U.S. stocks from its second…

  • United Tech profit jumps on aerospace, tax boosts

    United Tech profit jumps on aerospace, tax boosts

    [ad_1] (Reuters) – United Technologies Corp (UTX.N) beat analysts’ estimates for fourth-quarter profit on Wednesday, boosted by a lower tax rate and double-digit sales growth at its aerospace businesses, sending the industrial conglomerate’s shares up 5 percent. United Technologies logo is displayed on a screen at the post where it’s stock is traded on the…

  • United Tech profit beats on higher aero parts sales

    United Tech profit beats on higher aero parts sales

    [ad_1] United Technologies logo is displayed on a screen at the post where it’s stock is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 5, 2017. REUTERS/Brendan McDermid (Reuters) – Industrial conglomerate United Technologies Corp (UTX.N) reported a better-than-expected fourth-quarter profit on Wednesday and forecast 2019 earnings…

  • Stocks reverse losses, U.S. dollar climbs in fragile rebound

    Stocks reverse losses, U.S. dollar climbs in fragile rebound

    [ad_1] LONDON (Reuters) – Global markets recovered from earlier losses on Wednesday as investors made a cautious return to riskier assets, with the dollar rising and U.S. futures higher though worries about corporate and economic growth lingered. People walk past the London Stock Exchange Group offices in the City of London, Britain, December 29, 2017.…

  • BOJ maintains massive stimulus as Kuroda warns of growing risks

    BOJ maintains massive stimulus as Kuroda warns of growing risks

    [ad_1] TOKYO (Reuters) – The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus program, with Governor Haruhiko Kuroda warning of growing risks to the economy from trade protectionism and faltering global demand. Rising pressure from the trade war between China and the United States — Japan’s biggest trading partners…

  • Comcast revenue beats on lower-than-expected video losses

    Comcast revenue beats on lower-than-expected video losses

    [ad_1] (Reuters) – Top U.S. cable services provider Comcast Corp (CMCSA.O) reported quarterly revenue above analysts’ estimates on Wednesday, buoyed by lower-than-expected video subscriber losses and growth in its broadcast television and theme parks businesses. FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza in midtown Manhattan in New…

  • PG&E expects to spend about $6.6 billion in 2019

    PG&E expects to spend about $6.6 billion in 2019

    [ad_1] FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – U.S. power company PG&E Corp (PCG.N) said bit.ly/2T5NcbG on Wednesday it expected capital expenditure of about $6.6 billion in 2019 and $6.9 billion in 2020. PG&E, which…

  • Etihad files lawsuit in Britain against Air Berlin administrators

    Etihad files lawsuit in Britain against Air Berlin administrators

    [ad_1] FILE PHOTO – Etihad Airways Airbus A320-200 is seen at the National Airport Minsk, Belarus April 19, 2018. REUTERS/Vasily Fedosenko ABU DHABI (Reuters) – Abu Dhabi’s Etihad Airways said on Wednesday it had commenced legal proceedings in London against the administrators of Air Berlin AB1.DE. In December, the German airline’s insolvency administrator sued Etihad…

  • Former Tesco director Carl Rogberg cleared of fraud over 2014 scandal

    Former Tesco director Carl Rogberg cleared of fraud over 2014 scandal

    [ad_1] FILE PHOTO – Former Tesco executive Carl Rogberg arrives at Southwark Crown Court in London, Britain September 26, 2017. REUTERS/Hannah McKay LONDON (Reuters) – A former senior director of Tesco (TSCO.L) was formally acquitted on Wednesday of fraud and false accounting at Britain’s biggest retailer in 2014. Carl Rogberg, a former Tesco UK finance…

  • 1.6 million Canadian banking records shared with IRS

    1.6 million Canadian banking records shared with IRS

    [ad_1] The Canadian government has shared more than 1.6 million Canadian banking records with the U.S. Internal Revenue Service since the start of a controversial information-sharing agreement in 2014, CBC News has learned. In 2016 and again in 2017, the Canada Revenue Agency provided the IRS with information on 600,000 Canadian bank accounts each year.…

  • With 4 generations in the workplace, employers expected to juggle vastly different expectations

    With 4 generations in the workplace, employers expected to juggle vastly different expectations

    [ad_1] For the first time in contemporary history, there are four generations in the workforce — baby boomers, Generation X, millennials and the first of generation Z — human resources experts say.  With employees ranging in age from their late teens to their 70s, businesses must tailor management styles to the multi-generational workforce. The wide age gap is “pretty…

  • U.S. airlines tap army helicopter pilots to ease shortage

    U.S. airlines tap army helicopter pilots to ease shortage

    [ad_1] CHICAGO (Reuters) – U.S. Army pilot Shaun Perez spent ten hours flying an Apache helicopter over Afghanistan, providing gun cover for Special Forces soldiers on the ground as they hunted for high-value targets, guns and weapons. Military helicopter pilot Henery Jacobs uses a flight simulator at Coast Flight Training in San Diego, California, U.S.,…

  • J&J eying surgical robotics firm Auris Health: Bloomberg

    J&J eying surgical robotics firm Auris Health: Bloomberg

    [ad_1] FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Johnson & Johnson is pursuing an acquisition of surgical robotics firm Auris Health Inc, Bloomberg reported on Wednesday, citing people with knowledge of the matter. J&J is seeking to purchase Auris at a…

  • Fed investigating Deutsche’s role in Danske money laundering: Bloomberg

    Fed investigating Deutsche’s role in Danske money laundering: Bloomberg

    [ad_1] FILE PHOTO: The logo of Germany’s largest business bank, Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – The U.S. Federal Reserve is investigating Deutsche Bank’s (DBKGn.DE) role in a money laundering scheme that has embroiled both it and…

  • China says will step up fiscal spending this year to support economy

    China says will step up fiscal spending this year to support economy

    [ad_1] BEIJING (Reuters) – China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. FILE PHOTO: A worker welds as he stands on the metal frame of a building at a construction site in Beijing, China,…

  • Asian shares pause amid concerns over growth and trade

    Asian shares pause amid concerns over growth and trade

    [ad_1] TOKYO (Reuters) – Asian stocks trod water on Wednesday as concerns over the outlook for global economic growth and the ongoing Sino-U.S. trade war kept investors away from riskier assets. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Spreadbetters expected European…

  • Cloud, services fuel IBM’s profit beat, robust outlook; shares jump

    Cloud, services fuel IBM’s profit beat, robust outlook; shares jump

    [ad_1] (Reuters) – IBM Corp (IBM.N) beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that Chief Executive Officer Ginni Rometty’s efforts to turn around the technology services company were gaining traction. FILE PHOTO: The IBM logo is seen at the SIBOS banking and financial…

  • BOJ cuts inflation view, keeps stimulus as risks to economy heighten

    BOJ cuts inflation view, keeps stimulus as risks to economy heighten

    [ad_1] TOKYO (Reuters) – The Bank of Japan cut its inflation forecasts on Wednesday and warned of rising risks to the economy from faltering global demand, further pushing back policymakers’ years-long efforts to foster durable growth. FILE PHOTO: A Japanese flag flutters atop the Bank of Japan building under construction in Tokyo, Japan, September 21,…

  • Google, Facebook spend big on U.S. lobbying amid policy battles

    Google, Facebook spend big on U.S. lobbying amid policy battles

    [ad_1] SAN FRANCISCO (Reuters) – Alphabet Inc’s Google disclosed in a quarterly filing on Tuesday that it spent a company-record $21.2 million on lobbying the U.S. government in 2018, topping its previous high of $18.22 million in 2012, as the search engine operator fights wide-ranging scrutiny into its practices. FILE PHOTO – The outside of…

  • Asian stocks pause amid worries over growth and trade

    Asian stocks pause amid worries over growth and trade

    [ad_1] TOKYO (Reuters) – Asian stocks took a breather on Wednesday, with mounting signs of slowing global growth and concerns over a yet-unresolved Sino-U.S. trade dispute putting the brakes on investor appetite for risk assets. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru…

  • Asian shares dip, worries over growth and trade sour mood

    Asian shares dip, worries over growth and trade sour mood

    [ad_1] TOKYO (Reuters) – Asian stocks edged down on Wednesday on mounting signs of slowing global growth and anxiety over a yet-unresolved Sino-U.S. trade dispute. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Japan’s Nikkei .N225 dropped 0.7 percent while MSCI’s broadest…

  • U.S. will seek extradition of Huawei CFO from Canada

    U.S. will seek extradition of Huawei CFO from Canada

    [ad_1] WASHINGTON/DAVOS, Switzerland (Reuters) – The U.S. Justice Department said on Tuesday it will pursue the extradition of the chief financial officer of China’s Huawei Technologies Co Ltd’s, arrested in Canada in December. FILE PHOTO: Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO), is seen in this undated handout photo obtained by Reuters…

  • Bayer asks California judge to limit evidence in another Roundup cancer trial

    Bayer asks California judge to limit evidence in another Roundup cancer trial

    [ad_1] (Reuters) – Bayer AG unit Monsanto has asked a California judge in the litigation over its glyphosate-based weed killer Roundup allegedly causing cancer to limit evidence by splitting an upcoming trial into two phases, a request previously successful with another judge. FILE PHOTO: The logo of Bayer AG, February 24, 2014. REUTERS/Ina Fassbender/File Photo…

  • Explainer: What happens next in Huawei CFO Meng’s case?

    Explainer: What happens next in Huawei CFO Meng’s case?

    [ad_1] TORONTO (Reuters) – The U.S. Justice Department said on Tuesday it will pursue the extradition of Huawei Technologies Co Ltd’s [HWT.UL] Chief Financial Officer Meng Wanzhou, arrested in Canada in December on allegations she participated in a conspiracy to defraud banks. FILE PHOTO: Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO), is…

  • Jupiter Networks invests $2.5M in enterprise tech accelerator Alchemist – TechCrunch

    Jupiter Networks invests $2.5M in enterprise tech accelerator Alchemist – TechCrunch

    [ad_1] Alchemist, which began as an experiment to better promote enterprise entrepreneurs, has morphed into a well-established Silicon Valley accelerator. To prove it, San Francisco-based Alchemist is announcing a fresh $2.5 million investment ahead of its 20th demo day on Wednesday. Jupiter Networks, a networking and cybersecurity solutions business, has led the round, with participation…

  • Trump won’t soften hardline on China to make trade deal: advisers

    Trump won’t soften hardline on China to make trade deal: advisers

    [ad_1] WASHINGTON (Reuters) – As much as U.S. President Donald Trump wants to boost markets through a trade pact with China, he will not soften his position that Beijing must make real structural reforms, including how it handles intellectual property, to reach a deal, advisers say. FILE PHOTO – Containers are seen at the Yangshan…

  • Equities slump on growth, trade worries

    Equities slump on growth, trade worries

    [ad_1] NEW YORK (Reuters) – A gauge of world stock markets fell on Tuesday as concerns over global growth and trade gave investors incentive to look toward safe-haven assets such as the Japanese yen and government bonds. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22,…

  • J&J forecasts disappointing 2019 sales, defends talc safety

    J&J forecasts disappointing 2019 sales, defends talc safety

    [ad_1] (Reuters) – Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates and said it expected further pressure on U.S. prescription drug prices, weighing on the broader pharmaceutical sector. A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake J&J, the first major drugmaker…

  • Google spends big on U.S. lobbying amid antitrust, bias battles

    Google spends big on U.S. lobbying amid antitrust, bias battles

    [ad_1] SAN FRANCISCO (Reuters) – Alphabet Inc’s (GOOGL.O) Google disclosed on Tuesday that it spent a company-record $21.2 million on lobbying the United States government in 2018, topping its previous high of $18.22 million in 2012, as the search engine operator fights wide-ranging scrutiny into its practices. FILE PHOTO – The outside of the Google…

  • Okta appoints former Charles Schwab exec to board of directors – TechCrunch

    Okta appoints former Charles Schwab exec to board of directors – TechCrunch

    [ad_1] Okta, the Nasdaq-listed cloud identity management company, has recruited former Charles Schwab chief marketing officer Becky Saeger to its board of directors. The latest appointment comes one month after the company named Shellye Archambeau, former chief executive officer of MetricStream, to its board. Saeger becomes Okta’s third female board member. Michelle Wilson, a former…

  • Alberta’s oil production cut weighs on economic forecasts for province

    Alberta’s oil production cut weighs on economic forecasts for province

    [ad_1] Alberta’s oil production cuts — aimed at shrinking a costly glut of Canadian crude — are now weighing on expectations for the province’s economic growth in the year ahead. The Conference Board of Canada and Scotiabank Economics have both ratcheted back growth forecasts for Alberta’s economy in light of the province’s decision to impose oil output cuts.  Premier Rachel Notley…

  • New food guide set to challenge prominence of meat, dairy industries

    New food guide set to challenge prominence of meat, dairy industries

    [ad_1] Health Canada unveiled a radically new food guide Tuesday that eliminates food groups, encourages plant-based foods over meat and dairy products, and is likely to force changes across the country’s agricultural industry. “I see the food guide as a challenge for many industries,” said Simon Somogyi, a University of Guelph professor studying the business…

  • Wall Street drops as economic outlook, corporate forecasts sour

    Wall Street drops as economic outlook, corporate forecasts sour

    [ad_1] NEW YORK (Reuters) – U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid All three major U.S.…

  • Wall Street ends down, snaps four-session rally

    Wall Street ends down, snaps four-session rally

    [ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. Based on the latest…

  • Brazil’s Bolsonaro uses Davos speech to appeal to big business

    Brazil’s Bolsonaro uses Davos speech to appeal to big business

    [ad_1] DAVOS, Switzerland (Reuters) – Brazil’s new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos that his government would make the country one of the top 50 in which to do business. Bolsonaro said he would work to open…

  • Belinda Stronach countersues father in legal feud

    Belinda Stronach countersues father in legal feud

    [ad_1] Belinda Stronach has countersued her father for millions of dollars in a statement of defence that alleges he lost vast sums of money on pet projects. Frank Stronach, who founded Magna International Inc., sued his daughter and others last year for more than $500 million over alleged mismanaging of the family’s assets and trust…

  • British vacuum firm Dyson moving headquarters to Singapore

    British vacuum firm Dyson moving headquarters to Singapore

    [ad_1] The company that bears the name of one of the biggest Brexit backers in corporate Britain is moving to Singapore just as the United Kingdom is getting set to do what he urged Britons to do. Dyson, named after British vacuum inventor James Dyson, is moving its headquarters to Singapore, CEO Jim Rowan said on a conference…

  • Belinda Stronach countersues father Frank as family legal feud continues

    Belinda Stronach countersues father Frank as family legal feud continues

    [ad_1] Belinda Stronach has countersued her father for millions of dollars in a statement of defence that alleges he lost vast sums of money on pet projects. Frank Stronach, who founded Magna International Inc., sued his daughter and others last year for more than $500 million over alleged mismanaging of the family’s assets and trust…

  • U.S. home sales hit three-year low, prices rise slowly

    U.S. home sales hit three-year low, prices rise slowly

    [ad_1] WASHINGTON (Reuters) – U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. FILE PHOTO – A sold sign hangs in front of a house in Dallas, Texas September 24, 2009. REUTERS/Jessica Rinaldi The weak…

  • Johnson & Johnson, U.S. states settle hip implant claims for $120 million

    Johnson & Johnson, U.S. states settle hip implant claims for $120 million

    [ad_1] FILE PHOTO: The Johnson and Johnson logo is seen at an office building in Singapore January 17, 2018. REUTERS/Thomas White/File Photo (Reuters) – Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s metal-on-metal hip implants. Attorneys general…

  • Wall Street slips on global growth fears, weak corporate forecasts

    Wall Street slips on global growth fears, weak corporate forecasts

    [ad_1] (Reuters) – U.S. stocks fell more than 1 percent on Tuesday and were on course to end a four-day rally on fears of slowing global growth after the International Monetary Fund trimmed its outlook and weak forecasts by companies, including Johnson & Johnson. Traders work on the floor of the New York Stock Exchange…

  • Canada’s wholesale and manufacturing sales fell slightly in November: StatsCan

    Canada’s wholesale and manufacturing sales fell slightly in November: StatsCan

    [ad_1] The Canadian economy showed signs of weakness in November as both wholesale and manufacturing sales fell. Statistics Canada said Tuesday wholesale trade fell one per cent in November to $63.0 billion, more than offsetting the 0.7 per cent increase in October. Meanwhile, manufacturing sales fell 1.4 per cent to $57.3 billion in November, the second…

  • Dollarama to launch online store for bulk purchases

    Dollarama to launch online store for bulk purchases

    [ad_1] Dollarama will soon allow customers to buy more than 1,000 of its products in bulk online and have them delivered for a fee. After a five-week pilot program in Quebec, the Montreal-based discount retailer said Tuesday it will soon roll out the program on a permanent basis across the country. Not everything the company…

  • Oil drops more than 2 percent as China slowdown bites

    Oil drops more than 2 percent as China slowdown bites

    [ad_1] LONDON (Reuters) – Oil prices fell more than 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The…

  • Elliott urges eBay to restructure business to double market value

    Elliott urges eBay to restructure business to double market value

    [ad_1] (Reuters) – Hedge fund Elliott Management Corp sparked a 12 percent surge in shares of eBay Inc (EBAY.O) on Tuesday by urging it to sell or separate off two of its businesses, arguing the e-commerce pioneer could double its market value within two years. An eBay logo is projected onto white boxes in this…

  • Renault convenes board to turn page on Ghosn era

    Renault convenes board to turn page on Ghosn era

    [ad_1] PARIS (Reuters) – Renault (RENA.PA) has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan (7201.T) in the wake of Ghosn’s arrest in Japan for alleged financial misconduct. FILE PHOTO: The logo of French car manufacturer Renault is…

  • Huawei to seek swift resolution for detained executive

    Huawei to seek swift resolution for detained executive

    [ad_1] DAVOS, Switzerland (Reuters) – China’s Huawei Technologies will call for a quick resolution of the case regarding its detained executive in Canada who is accused of violating U.S. sanctions on Iran, the company’s chairman, Liang Hua, said on Tuesday. FILE PHOTO: The Huawei logo is seen during the Mobile World Congress in Barcelona, Spain,…

  • Huawei chairman says foreign officials welcome to see its labs

    Huawei chairman says foreign officials welcome to see its labs

    [ad_1] FILE PHOTO: The Huawei logo is seen during the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Photo DAVOS, Switzerland (Reuters) – Huawei Chairman Liang Hua said on Tuesday the company would allow foreign officials to visit its labs, as the Chinese company faces suspicion from Western countries that its telecoms…

  • Johnson & Johnson 2019 revenue forecast misses expectations

    Johnson & Johnson 2019 revenue forecast misses expectations

    [ad_1] A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake (Reuters) – Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates after reporting better-than- expected fourth-quarter profit and revenue. The company said it expects 2019 sales in the range of $80.4 billion to…

  • UBS sees bumpy road ahead after fourth-quarter profit miss

    UBS sees bumpy road ahead after fourth-quarter profit miss

    [ad_1] ZURICH (Reuters) – UBS (UBSG.S) warned of a tough start to 2019 after fourth-quarter earnings fell short of expectations in conditions Chief Executive Sergio Ermotti described as “historically tough”. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo The first major European bank to…

  • ‘Fill or kill’: the three weeks that saved Sears

    ‘Fill or kill’: the three weeks that saved Sears

    [ad_1] NEW YORK (Reuters) – The future of Sears Holdings Corp (SHLDQ.PK) and tens of thousands of its employees across the United States hung in the balance in the freezing pre dawn hours last Wednesday, as Wall Street lawyers and bankers sparred over the fate of the beleaguered retailer in a 50-story Manhattan office tower.…

  • Oil drops more than 1 percent as China slowdown bites

    Oil drops more than 1 percent as China slowdown bites

    [ad_1] LONDON (Reuters) – Oil prices fell more than 1 percent on Tuesday on signs that an economic slowdown in China was spreading, stoking concerns about global growth and fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo The…

  • Economists cool to Doug Ford’s warning of ‘carbon tax recession’

    Economists cool to Doug Ford’s warning of ‘carbon tax recession’

    [ad_1] Ontario Premier Doug Ford is warning that the federal government’s carbon tax risks triggering a recession, but it’s hard to find economists eager to back up his claim. Ford used a speech to Economic Club of Canada to predict that Prime Minister Justin Trudeau’s carbon pricing plan will hurt the economy .  “A carbon tax…

  • Oil prices drop as China economic slowdown threatens to spread

    Oil prices drop as China economic slowdown threatens to spread

    [ad_1] SINGAPORE (Reuters) – Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading, stoking concerns over future fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo…

  • Tesla says it has no agreement with Chinese battery maker Lishen

    Tesla says it has no agreement with Chinese battery maker Lishen

    [ad_1] FILE PHOTO: A Tesla logo is painted on a wall inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson SHANGHAI (Reuters) – Tesla Inc (TSLA.O) denied on Tuesday that it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new Shanghai car factory, saying it…

  • Oil prices fall 1 percent as China warns of job losses, Korea growth stalls

    Oil prices fall 1 percent as China warns of job losses, Korea growth stalls

    [ad_1] SYDNEY/SINGAPORE (Reuters) – Oil prices fell by around one percent on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand. An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo International Brent crude oil futures…

  • China’s fourth quarter GDP growth dented by services, agriculture despite construction rebound

    China’s fourth quarter GDP growth dented by services, agriculture despite construction rebound

    [ad_1] BEIJING (Reuters) – Weakness in the service and farm sectors slowed China’s economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday. FILE PHOTO: Workers are seen on scaffolding at a construction site in Nantong, Jiangsu province, China January 1, 2019. REUTERS/Stringer Services grew 7.4 percent…

  • As China’s economy falters, some fund managers look to bonds

    As China’s economy falters, some fund managers look to bonds

    [ad_1] HONG KONG/SHANGHAI (Reuters) – Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye. FILE PHOTO: An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee His Shanghai-based ChangAn Xinyi Enhanced Mixed Fund has…

  • Tokyo court denies latest bail request of Nissan’s Ghosn

    Tokyo court denies latest bail request of Nissan’s Ghosn

    [ad_1] TOKYO (Reuters) – Carlos Ghosn’s latest request for bail was rejected by a Tokyo court on Tuesday, despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after two months of detention for alleged financial crimes. FILE PHOTO: Carlos Ghosn, chairman and CEO of the…

  • Canadian railways ration space as commodity congestion problems worsen

    Canadian railways ration space as commodity congestion problems worsen

    [ad_1] WINNIPEG, Manitoba (Reuters) – Canada’s two major railways are rationing space on trains traveling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals. FILE PHOTO: The Canadian Pacific railyard is pictured in Port Coquitlam,…

  • Asian shares, U.S. stock futures dented by growth worries

    Asian shares, U.S. stock futures dented by growth worries

    [ad_1] SYDNEY (Reuters) – Asian shares and U.S. stock futures slipped on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling dithered as the latest plan for Brexit appeared to come and go with no progress. FILE PHOTO: A woman walks in strong wind caused by Typhoon Lan, past an…

  • ‘A List’ climate change firms outperform on stock market: survey

    ‘A List’ climate change firms outperform on stock market: survey

    [ad_1] OSLO (Reuters) – Apple, L’Oreal and Mitsubishi Electric are among more than 120 global firms which scored top marks in a ranking of corporate efforts to slow climate change. FILE PHOTO: An Apple company logo is seen behind tree branches outside an Apple store in Beijing, China December 14, 2018. REUTERS/Jason Lee/File Photo Many…

  • Oil prices edge down as global growth worries threaten demand

    Oil prices edge down as global growth worries threaten demand

    [ad_1] An oil well pump jack is seen at an oil field supply yard near Denver, Colorado, U.S., February 2, 2015. REUTERS/Rick Wilking/File Photo SYDNEY (Reuters) – Oil prices edged lower on Tuesday as concerns over global economic growth stoked fears over future demand. International Brent crude oil futures were down 10 cents, or 0.2…

  • In Versailles, Macron vows to reform to avoid king’s fate

    In Versailles, Macron vows to reform to avoid king’s fate

    [ad_1] VERSAILLES, France (Reuters) – President Emmanuel Macron told dozens of the world’s most powerful executives on Monday that he would not follow the path of guillotined French royals and would continue to reform the French economy despite a sometimes violent popular revolt. French President Emmanuel Macron reacts after he delivered his new year wishes…

  • Asian shares, U.S. stock futures slip as growth worries loom

    Asian shares, U.S. stock futures slip as growth worries loom

    [ad_1] SYDNEY (Reuters) – Asian shares and U.S. stock futures slipped on Tuesday amid signs of pessimism about world growth, while sterling dithered as the latest plan for Brexit appeared to come and go with no progress. A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index…

  • SMBC urges jetmakers to erase production snags before raising output

    SMBC urges jetmakers to erase production snags before raising output

    [ad_1] PARIS (Reuters) – The head of one of the world’s largest aircraft leasing companies has told leading planemakers to “get their house in order” and wipe out manufacturing delays before pushing already record production rates to even higher levels. FILE PHOTO: General view in a new A320 production line at the Airbus plant in…

  • Japan firms have no plans to strengthen governance after Ghosn arrest: Reuters poll

    Japan firms have no plans to strengthen governance after Ghosn arrest: Reuters poll

    [ad_1] TOKYO (Reuters) – Three-quarters of Japanese companies have no plan to create committees overseeing compensation or executive nomination, a Reuters poll found, reflecting indifference to boosting governance after the arrest of former Nissan boss Carlos Ghosn. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris,…

  • Oil edges up as investors latch on to OPEC cuts, supply outlook

    Oil edges up as investors latch on to OPEC cuts, supply outlook

    [ad_1] LONDON (Reuters) – Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s economic growth is cooling and instead latched on to positive supply-side drivers for the market. A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture…

  • France considers bill amendment to target Huawei: Les Echos

    France considers bill amendment to target Huawei: Les Echos

    [ad_1] FILE PHOTO: The Huawei logo is seen at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Yves Herman/File Photo/File Photo PARIS (Reuters) – France is considering introducing a bill amendment to empower its security and defence watchdogs to make retroactive checks to telecoms operators’ equipment once installed, targeting China’s Huawei, Les Echos…

  • Deciem founder Brandon Truaxe dead at 40

    Deciem founder Brandon Truaxe dead at 40

    [ad_1] Brandon Truaxe, the controversial and enigmatic founder of Deciem, the upstart Canadian company behind the hugely popular ‘The Ordinary’ skin care line, has died. Two sources told CBC News Monday that Truaxe died over the weekend. A company memo informed employees of the news Monday morning. Truaxe founded Deciem in 2013, dubbing it The Abnormal Beauty…

  • ‘They broke my car’: VW owner unhappy about emissions ‘fix’

    ‘They broke my car’: VW owner unhappy about emissions ‘fix’

    [ad_1] It was called a “fix” that was supposed to solve problems created by an emissions scandal Volkswagen acknowledged it had intentionally created. Instead, it has left one owner declaring: “They broke my car.” Adriannea Smith of Mount Uniacke, N.S., told CBC she took her 2013 Touareg XL in to be fixed in June. Smith was part of a class action settlement…

  • Halifax man with business dealings in Syria now under EU sanctions

    Halifax man with business dealings in Syria now under EU sanctions

    [ad_1] A Halifax man who was the first person charged with violating Canada’s economic sanctions against Syria is now accused of violating the European Union’s sanctions as well.  Nader Kalai — a Syrian national with permanent residency in Canada — is known to be a close associate of Syrian President Bashar al-Assad and his loyalists. On…

  • Barrick explores sale of Zambian copper mine as government mulls more taxes

    Barrick explores sale of Zambian copper mine as government mulls more taxes

    [ad_1] Barrick Gold Corp. says it’s exploring all options including the possible sale of its Lumwana mine in Zambia as the government considers increased taxes. While acknowledging that the government is under pressure to increase revenue, company chief operating officer Willem Jacobs said the changes would hit the mine’s profitability. “The proposed changes to taxes…

  • EU regulator who fined Google, ordered Amazon to pay taxes, plans tighter scrutiny for tech sector

    EU regulator who fined Google, ordered Amazon to pay taxes, plans tighter scrutiny for tech sector

    [ad_1] Silicon Valley’s notorious nemesis, Margrethe Vestager, plans to end her term as the European Union’s antitrust enforcer this year with a bang, laying out a long-term plan to intensify scrutiny of the world’s big tech companies. As the EU’s competition commissioner, Vestager is arguably the world’s most important tech regulator. Since 2014, she has…

  • Stock markets falter after China data confirms economic slowdown

    Stock markets falter after China data confirms economic slowdown

    [ad_1] LONDON (Reuters) – European shares fell on Monday from six-week highs as a slowdown in China’s economy stalled a global equity rally, but sterling rallied to the day’s highs after Prime Minister Theresa May promised to be more “flexible” with lawmakers over Brexit. Trade in general was subdued with U.S. markets closed for the…

  • IMF cuts forecast for 2019 growth in Canada, world

    IMF cuts forecast for 2019 growth in Canada, world

    [ad_1] The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates. The IMF said Monday that it expects global growth this year of 3.5 per cent, down from 3.7 per cent in 2018 and from the 3.7 per cent it had forecast…

  • Former Swiss banker convicted for giving secret tax data to Germany

    Former Swiss banker convicted for giving secret tax data to Germany

    [ad_1] ZURICH (Reuters) – A former UBS (UBSG.S) banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo Rene S., as the…

  • Tesla’s Model 3 gets green light in Europe

    Tesla’s Model 3 gets green light in Europe

    [ad_1] FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo AMSTERDAM (Reuters) – Tesla’s Model 3 has been given the green light to hit the road in Europe, clearing the final hurdle for the European…

  • France, Germany step up pressure over Alstom-Siemens deal

    France, Germany step up pressure over Alstom-Siemens deal

    [ad_1] PARIS (Reuters) – France and Germany raised pressure on the European Union’s competition chief to approve the merger of Alstom and Siemens’ rail businesses, warning that thwarting the proposed European champion would be a strategic error. FILE PHOTO: A scale model of an AGV high speed train with the logo of Alstom is seen…

  • IMF cuts global growth outlook, cites trade war and weak Europe

    IMF cuts global growth outlook, cites trade war and weak Europe

    [ad_1] DAVOS, Switzerland (Reuters) – The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy. Swiss special police officer keeps watch from a rooftop, ahead of…

  • China’s Huawei in unprecedented media blitz as it battles heightened scrutiny

    China’s Huawei in unprecedented media blitz as it battles heightened scrutiny

    [ad_1] HONG KONG (Reuters) – China’s Huawei has launched an unprecedented public relations blitz, thrusting its low-key founder in front of international media as the telecoms firm seeks to ease concern among Western nations bent on shutting it out of their markets. FILE PHOTO: Huawei CEO and founder Ren Zhengfei walks inside Huawei’s headquarters in…

  • Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 – U.N.

    Global FDI skids 19 percent on Trump tax reform, may rebound in 2019 – U.N.

    [ad_1] GENEVA (Reuters) – Global foreign direct investment (FDI) fell 19 percent last year to an estimated $1.2 trillion, largely caused by U.S. President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said on Monday. FILE PHOTO: Part of a facade of a future urban project of Iraqi-British architect Zaha Hadid…

  • European power firms aim to harness electric car batteries

    European power firms aim to harness electric car batteries

    [ad_1] FRANKFURT/LONDON/PARIS (Reuters) – Ever wanted to run your electric car for free? If you’re open to a bit of give and take, then stay plugged in and your wishes might come true. At least that’s what some European power companies and Japanese carmakers believe. FILE PHOTO: A charging port is shown on the front…

  • Xi keeps China on high alert for ‘black swan’ events: Xinhua

    Xi keeps China on high alert for ‘black swan’ events: Xinhua

    [ad_1] FILE PHOTO: Chinese President Xi Jinping speaks during an event to commemorate the 40th anniversary of the “Message to Compatriots in Taiwan” at the Great Hall of the People in Beijing, China January 2, 2019. REUTERS/Mark Schiefelbein/Pool BEIJING (Reuters) – China must maintain its high alert to “black swan” events while “gray rhino” events…

  • China data met with relief by stock markets, Brexit Plan B in focus

    China data met with relief by stock markets, Brexit Plan B in focus

    [ad_1] LONDON (Reuters) – World stock markets kept their nerve on Monday, as data showed the Chinese economy slowed last year, underlining the need for more stimulus from Beijing. FILE PHOTO – An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018. REUTERS/Jason Lee European stock markets…

  • Nuclear fusion, a disruptive power source for crowded cities: Don Pittis

    Nuclear fusion, a disruptive power source for crowded cities: Don Pittis

    [ad_1] The battle to replace fossil fuels with low-carbon power is bumping up against a new practical reality. As people crowd into cities, the world’s need for concentrated power sources is growing just as low-carbon green power is heading in the opposite direction. While the world needs high-density energy — the amount of power used or produced in…

  • GSK Chairman Hampton to step down ahead of split

    GSK Chairman Hampton to step down ahead of split

    [ad_1] (Reuters) – GlaxoSmithKline Plc (GSK.L) Chairman Philip Hampton will step down after more than three and a half years in the role, as Britain’s biggest drugmaker prepares to split its business into two. The GlaxoSmithKline (GSK) logo is seen on top of GSK Asia House in Singapore, March 21, 2018. REUTERS/Loriene Perera The announcement…

  • Supermarket retailer Casino to sell 26 stores to Fortress

    Supermarket retailer Casino to sell 26 stores to Fortress

    [ad_1] FILE PHOTO – A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, July 20, 2017. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) – French supermarket retailer Casino (CASP.PA), which is selling assets to reduce its debt, has agreed to sell 26 stores worth 501 million euros ($567 million). Casino said…

  • Supermarket retailer Casino to sell 26 stores worth 501 million euros

    Supermarket retailer Casino to sell 26 stores worth 501 million euros

    [ad_1] FILE PHOTO – A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, July 20, 2017. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) – French supermarket retailer Casino (CASP.PA), which is in the process of divesting assets to cut debts, said on Monday it would sell 26 stores worth 501 million…

  • Nissan’s Ghosn offers to wear electronic ankle tag for bail

    Nissan’s Ghosn offers to wear electronic ankle tag for bail

    [ad_1] TOKYO (Reuters) – Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes. FILE PHOTO: Carlos Ghosn, chairman and CEO of the…

  • China’s 2018 growth slows to 28-year low, more stimulus seen

    China’s 2018 growth slows to 28-year low, more stimulus seen

    [ad_1] BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. FILE PHOTO: A tree is pictured in front of buildings in…

  • Asia keeps calm as China cools, Brexit news awaited

    Asia keeps calm as China cools, Brexit news awaited

    [ad_1] SYDNEY (Reuters) – Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. FILE PHOTO – An investor watches a board showing stock information at a brokerage office…

  • China December aluminum production surges to record monthly high

    China December aluminum production surges to record monthly high

    [ad_1] BEIJING (Reuters) – China’s primary aluminum output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record, official data showed on Monday. Aluminum ingots are piled up at a bonded storage area at the…

  • China’s economy cools in the fourth quarter, 2018 growth hits 28-year low

    China’s economy cools in the fourth quarter, 2018 growth hits 28-year low

    [ad_1] BEIJING (Reuters) – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. FILE PHOTO: A tree is pictured in front of buildings in Beijing’s central…

  • China’s 2018 oil refinery output, December gas production hit records

    China’s 2018 oil refinery output, December gas production hit records

    [ad_1] BEIJING/SINGAPORE (Reuters) – Chinese oil refiners raised their output to a record in 2018, led by state-run oil majors which maximized operations on firm profit-margins and private refiners which increased processing after being granted higher crude import quotas. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan…

  • Asia stocks calm as China slows, awaits Brexit news

    Asia stocks calm as China slows, awaits Brexit news

    [ad_1] SYDNEY (Reuters) – Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. FILE PHOTO – An investor watches a board showing stock information at a brokerage office…

  • Oil falls ahead of China data, but OPEC-led cuts support

    Oil falls ahead of China data, but OPEC-led cuts support

    [ad_1] SINGAPORE (Reuters) – Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs. FILE PHOTO: A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16,…

  • Detained ex-Nissan chairman Ghosn offers stock, passports for bail

    Detained ex-Nissan chairman Ghosn offers stock, passports for bail

    [ad_1] (Reuters) – Ousted Nissan Motor Co (7201.T) chairman Carlos Ghosn has offered to post stock he owns in the automaker as collateral, surrender his passports and submit to electronic tracking as part of a renewed effort to persuade a Tokyo court to grant him bail while he awaits trial on charges of financial misconduct,…

  • Detained ex-Nissan exec Ghosn promises not to flee Japan if freed

    Detained ex-Nissan exec Ghosn promises not to flee Japan if freed

    [ad_1] (Reuters) – Ousted Nissan Motor Co (7201.T) Chairman Carlos Ghosn on Sunday promised to remain in Japan and follow restrictions in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and…

  • Berkshire’s lithium venture may supply U.S. automakers, including Tesla: FT

    Berkshire’s lithium venture may supply U.S. automakers, including Tesla: FT

    [ad_1] FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo (Reuters) – Warren Buffett’s Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that…

  • Italy regulator gives TIM’s network separation plan thumbs down

    Italy regulator gives TIM’s network separation plan thumbs down

    [ad_1] ROME (Reuters) – Telecom Italia (TIM) (TLIT.MI) has suffered a setback in its plan to assuage pressures for a separation of its prized network assets by placing them into a wholly owned subsidiary, as the industry regulator said it was opposed to the proposal. FILE PHOTO: Telecom Italia’s new logo of the TIM brand…

  • ProSieben sees pressure easing as Netflix raises prices

    ProSieben sees pressure easing as Netflix raises prices

    [ad_1] MUNICH (Reuters) – ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said. FILE PHOTO – The Netflix logo is seen on their office in Hollywood, Los Angeles, California,…

  • Nissan special committee says carmaker suffered from poor governance

    Nissan special committee says carmaker suffered from poor governance

    [ad_1] FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, January 15, 2019. REUTERS/Christian Hartmann/File Photo TOKYO (Reuters) – A special committee set up by Nissan Motor Co (7201.T) to examine the root cause of alleged financial misconduct by ousted…

  • Eurotunnel boss says a second referendum would still back Brexit

    Eurotunnel boss says a second referendum would still back Brexit

    [ad_1] Jacques Gounon, Chairman and Chief Executive Officer of Channel tunnel operator Getlink, formerly known as Eurotunnel, poses before the company’s 2017 annual results presentation in Paris, France, February 21, 2018. REUTERS/Stephane Mahe PARIS (Reuters) – Britons would back Brexit again if asked to vote in a second referendum, the head of Eurotunnel said on…

  • Small electric cars may be unaffordable for some: VW chairman to newspaper

    Small electric cars may be unaffordable for some: VW chairman to newspaper

    [ad_1] FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt BERLIN (Reuters) – The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future,…

  • Sorrell’s S4 Capital seeks more deals in digital-only drive

    Sorrell’s S4 Capital seeks more deals in digital-only drive

    [ad_1] MUNICH (Reuters) – Martin Sorrell is on the lookout for acquisitions to expand his new advertising venture S4 Capital, aiming to capitalize on the disruption sweeping the industry by pursuing a pure-play digital strategy. FILE PHOTO: Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June…

  • Big telcos hike internet prices amid soaring demand, revenues

    Big telcos hike internet prices amid soaring demand, revenues

    [ad_1] You can run but you can’t hide from internet price hikes. That’s what Sean Barry in Powell River, B.C., learned after leaving his provider, Shaw, following a couple of price increases. He switched to competitor Telus in September only to discover that the cost of his current Telus internet plan is also going up — by $5 a month.…

  • Toyota, Panasonic to set up EV battery JV in 2020: source

    Toyota, Panasonic to set up EV battery JV in 2020: source

    [ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Panasonic Corp (6752.T) are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said. Toyota Motor Corp President Akio Toyoda (L) and Panasonic Corp President Kazuhiro…

  • Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

    Paris informs Tokyo it wants Renault and Nissan to integrate: Nikkei

    [ad_1] The logos of car manufacturers Renault and Nissan are seen in front of a common dealership of the companies in Saint-Avold, France, January 15, 2019. REUTERS/Christian Hartmann TOKYO (Reuters) – A French government delegation has informed Tokyo that it would seek an integration of Renault (RENA.PA) and Nissan (7201.T), most likely under the umbrella…

  • EU tax on big digital companies could be struck by March: French minister

    EU tax on big digital companies could be struck by March: French minister

    [ad_1] FILE PHOTO – French Finance Minister Bruno Le Maire leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, December 19, 2018. REUTERS/Philippe Wojazer PARIS (Reuters) – A European Union-wide tax on the world’s top digital companies could be reached by the end of March, French Finance Minister Bruno Le Maire…

  • EU must approve Siemens/Alstom deal, says French finance minister

    EU must approve Siemens/Alstom deal, says French finance minister

    [ad_1] FILE PHOTO: French High Speed Train (TGV) made by French train maker Alstom stops next to a German High Speed Train (ICE) made by Siemens at Munich’s railway station June 16, 2014. REUTERS/Lukas Barth/File Photo PARIS (Reuters) – The European Union must approve the tie-up between Germany’s Siemens (SIEGn.DE) and French group Alstom (ALSO.PA),…

  • U.S. faces deadline to extradite Huawei exec from Canada

    U.S. faces deadline to extradite Huawei exec from Canada

    [ad_1] U.S. authorities are facing a key deadline at the end of the month to formally request the extradition of Huawei executive Meng Wanzhou from Canada to the United States. On Friday, a spokesperson for Canada’s Justice Department said the U.S. had yet to file the required paperwork in the Meng case and stated the…

  • GM warns workers in Brazil on losses, tough turnaround plan

    GM warns workers in Brazil on losses, tough turnaround plan

    [ad_1] SAO PAULO (Reuters) – General Motors Co (GM.N) has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil…

  • Trump says deal ‘could very well happen’ with China

    Trump says deal ‘could very well happen’ with China

    [ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song “Things are going very well with…

  • Qatar emir to attend Beirut’s Arab economic summit

    Qatar emir to attend Beirut’s Arab economic summit

    [ad_1] BEIRUT (Reuters) – Qatar’s emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. FILE PHOTO: Amir of Qatar Sheikh Tamim bin Hamad bin Khalifa Al-Thani speaks during Doha Forum in Doha, Qatar, December 15, 2018. Qatar News…

  • U.S. chipmakers may give clues on China hazard

    U.S. chipmakers may give clues on China hazard

    [ad_1] SAN FRANCISCO (Reuters) – Intel Corp (INTC.O) operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8,…

  • Supermarket retailer Casino to sell six stores to rival Leclerc

    Supermarket retailer Casino to sell six stores to rival Leclerc

    [ad_1] FILE PHOTO: The logo of Casino shop is seen in Nice, France, January 15, 2019. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – French supermarket retailer Casino (CASP.PA), in the process of divesting assets to cut debts, has agreed to sell six of its ‘Geant’ hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114…

  • Virtual dealership promises no used car salesmen

    Virtual dealership promises no used car salesmen

    [ad_1] When Trevor Bergmann of Halifax went looking for a second-hand car, he decided to check out a brand new way to shop for one.  “My partner Jennifer found a vehicle online — it linked through to this company, Clutch, and we thought it was the best idea ever,” said Bergmann, 36. Clutch is what…

  • Computer scientist David Magerman wants to build a more ethical internet

    Computer scientist David Magerman wants to build a more ethical internet

    [ad_1] Multi-millionaire computer scientist David Magerman believes he has met the enemy, and it is us. Maybe not exactly the flesh-and-blood us, but certainly our cyberselves — the unwitting employees of Facebook and Twitter who absently click great gobs of our personal information into the maw of social media, allowing a handful of internet titans…

  • U.S. regulators discuss fining Facebook for privacy violations: report

    U.S. regulators discuss fining Facebook for privacy violations: report

    [ad_1] FILE PHOTO: Persons hold smartphones with the Facebook logo in front of displayed “top secret” and “email” words in this picture illustration taken December 6, 2018. REUTERS/Dado Ruvic/Illustration (Reuters) – U.S. regulators have met to discuss imposing a fine against Facebook Inc (FB.O) for violating a legally binding agreement with the government to protect…

  • Avianca Brasil’s legal fight with plane leasing firms escalates

    Avianca Brasil’s legal fight with plane leasing firms escalates

    [ad_1] SAO PAULO (Reuters) – Avianca Brasil’s battle with its aircraft leasing firms intensified on Friday after Brazil’s aviation regulator said it would no longer ground 10 of the struggling carrier’s planes and another lessor renewed its effort to repossess 10 others. FILE PHOTO: An Avianca Brasil Airbus A319-100 plane ands at Santos Dumont Airport…