[ad_1] SHERBROOKE, Quebec (Reuters) – Canada’s government on Friday dismissed China’s warning of repercussions if Ottawa banned Huawei Technologies Co Ltd [HWT.UL] from supplying equipment to 5G networks, saying it would not compromise on security. FILE PHOTO: Canada’s Minister of Public Safety Ralph Goodale answers questions from media on the second day of Foreign ministers…
[ad_1] FILE PHOTO: Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. REUTERS/Yuri Gripas NEW YORK (Reuters) – Morgan Stanley (MS.N) Chief Executive James Gorman’s overall pay rose 7 percent to $29 million last year during a period that saw the firm’s net revenues…
[ad_1] FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton (Reuters) – Pension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp’s two pension plans, covering about 90,000 people, the U.S.…
[ad_1] WASHINGTON (Reuters) – The trade deal that U.S. negotiators are seeking with China may have more in common with a sanctions-monitoring regime than a traditional trade pact. FILE PHOTO: A woman walks past a bench painted in the colours of the U.S. flag outside a clothing store in Beijing, China January 7, 2019. REUTERS/Thomas…
[ad_1] LONDON (Reuters) – BlackRock and Goldman Sachs Asset Management both plan to temporarily move some British-based fund managers to New York in the event of a no-deal Brexit, two sources told Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo The…
[ad_1] FILE PHOTO: Luxury handbags for sale are displayed at The RealReal shop, a seven-year-old online reseller of luxury items on consignment in the Soho section of Manhattan, in New York City, New York, U.S., May 18, 2018. REUTERS/Mike Segar (Reuters) – U.S. online luxury reseller The RealReal Inc is talking to investment banks about…
[ad_1] FILE PHOTO: A Federal Express delivery truck is shown in downtown Los Angeles, California, U.S., October 24, 2018. REUTERS/Mike Blake (Reuters) – FedEx Corp (FDX.N) said on Friday it could take as much as $575 million in charges as it began offering voluntary cash buyouts to certain U.S-based employees in a bid to reduce…
[ad_1] Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder (Reuters) – Federal Reserve Governor Lael Brainard on Friday became the latest U.S. central banker to worry publicly about rising risks for the U.S. economy, suggesting she…
[ad_1] FILE PHOTO: White House chief economic adviser Larry Kudlow speaks about the upcoming G20 during a press briefing at the White House in Washington, U.S., November 27, 2018. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Friday that the United States and China were making progress on trade negotiations…
[ad_1] SOMERSET, N.J./SAN FRANCISCO (Reuters) – “Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates – at least for a while. FILE PHOTO: John Williams poses…
[ad_1] NEW YORK (Reuters) – LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM invested in complex derivatives that lost most of their value…
[ad_1] NEW YORK (Reuters) – World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.-China trade conflict. FILE PHOTO: Traders work on the floor of the New…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two…
[ad_1] Some energy experts are predicting even more volatility in 2019 with respect to the financial markets. More than 1,000 people gathered at the 42nd annual Forecaster Dinner at the Telus Convention Centre in Calgary on Thursday, “I’m not going to sugar coat it — we are going to have less investment in Western Canada than…
[ad_1] Salesforce put the finishing touches on a tower in San Francisco last year. In October, it announced Salesforce Tower in Atlanta and today it was Dublin’s turn. Everyone gets a tower. Salesforce first opened an office in Dublin back in 2001, and has expanded to 1400 employees today. Today’s announcement represents a significant commitment to expand…
[ad_1] FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration ** Shares of Facebook (FB.O) paring gains on Friday after a report that U.S. regulators discussed fining the co for privacy violations ** FB last up 0.25 pct…
[ad_1] NEW YORK (Reuters) – U.S. stocks rose on Friday as increased hopes that the United States and China would resolve their trade dispute lifted shares across sectors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid Wall Street moved higher…
[ad_1] NEW YORK (Reuters) – Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may come to an end. FILE PHOTO: Traders work on the floor of the New York Stock…
[ad_1] FILE PHOTO: An Avianca Brasil Airbus A319-100 plane ands at Santos Dumont Airport in Rio de Janeiro, Brazil, June 6, 2016. REUTERS/Ricardo Moraes SAO PAULO (Reuters) – Aircastle Ltd (AYR.N) will try to repossess 10 planes from Avianca Brasil before the Feb. 1 expiration of a 15-day stay on repossessions from the struggling airline,…
[ad_1] Tesla will cut 7 per cent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla’s cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. “Looking ahead…
[ad_1] WASHINGTON (Reuters) – U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago amid fears an ongoing partial shutdown of the federal government and financial market volatility would slow the economy. FILE PHOTO: Shoppers carry bags of purchased merchandise at the King…
[ad_1] (Reuters) – Tiffany & Co (TIF.N) tempered its yearly profit forecast on Friday after the luxury jeweler’s holiday sales fell unexpectedly as Chinese tourists spent less globally due to a stronger dollar and demand softened in Europe and at home. FILE PHOTO: Festive lights decorate the Tiffany & Co store on New Bond Street…
[ad_1] NEW YORK (Reuters) – Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may come to an end. FILE PHOTO: Traders work on the floor of the New York Stock…
[ad_1] (Reuters) – Shares of Netflix Inc fell nearly 5 percent on Friday, as investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the first quarter. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo…
[ad_1] FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker BERLIN (Reuters) – German carmaker Volkswagen (VOWG_p.DE) will offer trade-in incentives to owners of older diesel vehicles in all of Germany and not just in the 14…
[ad_1] FILE PHOTO: Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. REUTERS/Stefan Wermuth/File Photo LONDON (Reuters) – Rupert Murdoch’s London-based newspapers The Times and Sunday Times have asked the British government for permission to share resources across both titles, a move that is barred under rules imposed when the media…
[ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened higher on Friday and were set for their fourth week of gains on hopes that a bitter trade war between the United States and China would…
[ad_1] The cost of living increased at a two per cent annual pace in December, as cheaper energy prices were offset by higher prices for just about everything else. Statistics Canada reported Friday that the cost of food went up by 2.9 per cent in the past year, while alcohol and tobacco products went up by…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia’s finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs (GS.N) linked to the 1MDB scandal if the bank pays $7.5 billion in reparations. FILE PHOTO: The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City,…
[ad_1] PARIS (Reuters) – Pernod Ricard (PERP.PA), the family-backed French spirits group under pressure from activist investor Elliott, will continue to improve its governance, it pledged on Friday. FILE PHOTO: Bottles of single malt scotch whisky The Glenlivet, part of the Pernod Ricard group, are pictured in a shop near Lausanne, Switzerland May 18, 2017.…
[ad_1] FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson (Reuters) – CVS Health Corp (CVS.N) and Walmart Inc (WMT.N) said on Friday the world’s largest retailer would remain…
[ad_1] FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson (Reuters) – CVS Health Corp (CVS.N) and Walmart Inc (WMT.N) reached a multi-year agreement, under which Walmart will continue…
[ad_1] WASHINGTON (Reuters) – Democrats now in control of the U.S. House of Representatives are working out which House panels will take the lead in investigating President Donald Trump’s business ties to Deutsche Bank, lawmakers and aides familiar with the plans told Reuters. FILE PHOTO: The logo of Deutsche Bank is seen in front of…
[ad_1] LONDON (Reuters) – Global stocks rose to their highest in more than a month on Friday after a report suggested progress toward resolving the trade dispute between the United States and China. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville European…
[ad_1] (Reuters) – Shares of Sun Pharmaceutical Industries Ltd (SUN.NS) plunged 13 percent on Friday to near six-year lows, hit by reports that a whistleblower filed a complaint to regulators over transactions involving the top Indian drugmaker and its co-promotor. A guard walks inside the office of Sun Pharmaceutical Industries Ltd in Mumbai, India, November…
[ad_1] Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion US as compensation. Goldman CEO David Solomon apologized Wednesday to the Malaysian people for former banker Tim Leissner’s…
[ad_1] It was the 1990s when a pair of Japanese butchers climbed aboard an airplane and travelled some 8,000 kilometres to visit a family-owned pork plant in rural Alberta. The local owners of Sunterra Farms hosted the men because, to crack one of the world’s most desirable markets, their staff needed to see exactly how Japanese consumers liked their meat. The swift, precise blade work…
[ad_1] The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler PARIS (Reuters) – French carmaker Renault (RENA.PA) posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further “slight growth” this…
[ad_1] A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. REUTERS/Denis Balibouse ZURICH (Reuters) – Bombardier (BBDb.TO) is making progress resolving problems with double-decker passenger trains which have drawn criticism from buyer Swiss Federal Railways (SBB), the company’s Swiss country chief has told…
[ad_1] LONDON (Reuters) – Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. BP’s Wolfspar seismic source device is pictured at Mad Dog oil field in the deepwater Gulf of Mexico, January…
[ad_1] TOKYO (Reuters) – Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture (JV) between Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T), the companies said on Friday. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event…
[ad_1] NEW YORK (Reuters) – After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. FILE PHOTO: A federal worker left unpaid or furloughed collects a free…
[ad_1] (Reuters) – Shares of India’s Sun Pharmaceutical Industries Ltd (SUN.NS) slumped over 13 percent on Friday to near six-year low, after a media report of a complaint by a whistleblower raised fresh concerns on the drugmaker’s corporate governance. A guard walks inside the office of Sun Pharmaceutical Industries Ltd in Mumbai, India, November 13,…
[ad_1] (Reuters) – Trian Fund Management LP will not challenge PPG Industries Inc’s (PPG.N) board of directors at its 2019 shareholder meeting after the U.S. paints and coatings company met some of the activist hedge fund’s demands and announced new financial targets, people familiar with the matter said on Thursday. FILE PHOTO: Nelson Peltz founding…
[ad_1] Shares of Netflix (NFLX.O) up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the bell FILE PHOTO – The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo ** Of…
[ad_1] LONDON (Reuters) – Major consumer companies including Unilever (ULVR.L), Procter & Gamble (PG.N) and Nestle (NESN.S) are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked. FILE PHOTO: Unilever headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw The companies are…
[ad_1] TOKYO (Reuters) – Asian stocks advanced on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change of Nikkei stock index outside a brokerage in…
[ad_1] (Reuters) – Netflix Inc (NFLX.O) forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world’s largest streaming service down 4 percent in after-hours trading. Investors may have been hoping for more after Netflix announced a price hike for U.S. subscribers earlier…
[ad_1] FILE PHOTO: Keith Meister, Managing Partner and Chief Investment Officer of Corvex Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – MGM Resorts International (MGM.N) has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat,…
[ad_1] (Reuters) – American Express Co (AXP.N) missed Wall Street’s fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season. An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer The credit-card issuer’s shares fell…
[ad_1] TOKYO (Reuters) – Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets. 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, January 7, 2019.…
[ad_1] (Reuters) – Morgan Stanley’s (MS.N) quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down 4.4 percent. The bank has pledged that its expansion into wealth management over the past decade would help deliver more stable results. But the unit,…
[ad_1] WASHINGTON (Reuters) – A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s (VOWG_p.DE) luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents. An Audi logo is pictured at the Frankfurt Motor Show (IAA) in Frankfurt, Germany…
[ad_1] As a puck made of oilsands bitumen was tossed into the air, railway executive James Auld joked, “we almost had an oil spill there.” Auld and other officials were upbeat as they gave their first public presentation on the pucks — a solid product similar to coal that can float in water. CN Rail and an Alberta…
[ad_1] NEW YORK (Reuters) – U.S. stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment. Stocks spiked higher in afternoon trading after the Wall Street Journal reported that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all…
[ad_1] The president of Huawei Canada says it will be getting a piece of the $2 billion US that its global Chinese parent will spend over five years to hire more software engineers to make its equipment more secure, resilient and efficient. Huawei Canada president Eric Li said in a statement that its “top priority”…
[ad_1] FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson (Reuters) – Netflix Inc (NFLX.O) said it added 8.84 million paid global streaming subscribers in the fourth quarter, while analysts had expected 9.18 million net global streaming additions. It was not immediately clear…
[ad_1] BOSTON (Reuters) – John “Jack” Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively pick stocks, but his legacy will also be shaped by the unintended consequences of index funds. FILE PHOTO: A tribute to Jack Bogle, founder and…
[ad_1] PARIS (Reuters) – Hitachi’s decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France’s EDF (EDF.PA) and its Chinese partner in talks with the government on how to finance new reactors. FILE PHOTO: Construction workers are seen beside one of two ‘nuclear islands’ at the Hinkley Point C…
[ad_1] NEW YORK (Reuters) – Gains in defense shares as well as healthcare helped to keep U.S. stocks in positive territory on Thursday, while an end to the latest chapter in Britain’s exit from the European Union, Prime Minister Theresa May’s defeat of a confidence vote, lifted sterling. Traders work on the floor of the…
[ad_1] FILE PHOTO: Fossil hybrid smartwatches are pictured during the preview day of the IFA trade show for consumer electronics and home appliances, in Berlin, Germany August 30, 2018. REUTERS/Christian Mang (Reuters) – Fossil Group Inc said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet…
[ad_1] Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children’s clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores and attempt to sell its Janie and…
[ad_1] BOSTON (Reuters) – Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double the stock price of the natural gas and oil company. The New York-based hedge fund, in a public letter, criticized how Oklahoma…
[ad_1] IBM is one of the world’s biggest system integrators, but to get closer to where enterprises are actually doing their work, it’s been inking partnerships with companies that build devices and run the networks enterprises are using for their IT, and today comes the latest development on that front. IBM is announcing a new…
[ad_1] (Reuters) – Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, allowing it to keep its more than 400 stores running. FILE PHOTO: A store closing sale sign is posted next to a Sears…
[ad_1] FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton/File Photo (Reuters) – Sears Holdings Corp said on Thursday its chairman Eddie Lampert won a bankruptcy auction for the U.S. department store chain with an improved takeover bid…
[ad_1] (Reuters) – Wall Street’s main indexes fought back from a weak start to hover near one-month highs on Thursday, as gains in healthcare and consumer discretionary stocks offset losses in the energy and financial sectors. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019.…
[ad_1] GENEVA (Reuters) – Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers. FILE PHOTO: Visitors are pictured at the Richard Mille stand at the “Salon International de la Haute Horlogerie”…
[ad_1] Alation, a startup that helps crawl a company’s databases in order to build a data search catalogue, announced a $50 million Series C investment today. The round was led by Sapphire Ventures and Salesforce Ventures. Existing investors Costanoa Ventures, DCVC (Data Collective), Harmony Partners and Icon Ventures also participated. Today’s investment brings the total raised…
[ad_1] LONDON/TOKYO (Reuters) – Japan’s Hitachi Ltd (6501.T) put a $28 billion nuclear power project in Britain on hold on Thursday, dealing a blow to the country’s plans for the replacement of aging plants. FILE PHOTO: A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the…
[ad_1] Breather’s new CEO Bryan Murphy / Breather Press Kit Breather, the platform that provides on-demand private workspace, announced today that it has appointed Bryan Murphy as its new CEO. Before joining Breather, Murphy was the founder and President of direct-to-consumer mattress startup, Tomorrow Sleep. Prior to Tomorrow Sleep, Murphy held posts as an advisor to…
[ad_1] Canada’s biggest bank has cut its five-year fixed-term mortgage rate, a move that other banks are likely to try to match in short order. Royal Bank edged the rate on its five-year “special offer” mortgage down to 3.74 per cent, a cut of 0.15 percentage points. Though subtle, the move is likely to prompt similar…
[ad_1] In 2016, Serkan Piantino packed up his desk at Facebook with hopes to move on to something new. The former Director of Engineering for Faceboook AI Research had every intention to keep working on AI, but quickly realized a huge issue. Unless you’re under the umbrella of one of these big tech companies like…
[ad_1] BUENOS AIRES (Reuters) – Like many Argentine businessmen, Marco Meloni is doing everything he can to avoid laying off staff at his textile factory despite a slump in sales, more than 70 percent interest rates and soaring utility bills. The reason? He doesn’t have the money to fire anyone. A little-reported and unusual feature…
[ad_1] (Reuters) – Wall Street’s main indexes were set to retreat from one-month highs on Thursday after Morgan Stanley’s weak results and renewed concerns over the progress of Sino-U.S. trade talks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid Shares…
[ad_1] FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson (Reuters) – Morgan Stanley’s (MS.N) fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law. Net income applicable to…
[ad_1] WASHINGTON/BEIJING (Reuters) – A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws. The proposed law drew sharp criticism from China where…
[ad_1] MILAN (Reuters) – An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. FILE PHOTO: Logo of the World Economic Forum (WEF) is seen in Davos, Switzerland Januar…
[ad_1] WASHINGTON (Reuters) – The U.S. government shutdown over President Donald Trump’s call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations. FILE PHOTO: U.S. President Donald Trump speaks to the news media before…
[ad_1] TOKYO/LONDON (Reuters) – Japan’s Hitachi Ltd (6501.T) decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants. FILE PHOTO: A logo of Hitachi Ltd. is…
[ad_1] The company behind Cut The Wire, a bomb-defusing game for children, has offered an apology following complaints from parents that it’s inappropriate and insensitive. “We’re very sorry for any concern the game may have caused,” said Jochem van Rijn, president of YULU, in a statement to CBC News this week. In response to the criticism,…
[ad_1] Some oilpatch CEOs are supporting a bid by Indigenous groups in Western Canada to purchase the Trans Mountain pipeline and the proposed expansion project. Indigenous leaders are in Calgary this week to find consensus on what type of ownership and management system would be ideal. The Indian Resources Council (IRC) is behind the potential…
[ad_1] BEIJING (Reuters) – China’s Foreign Ministry said on Thursday that proposed U.S. legislation targeting Huawei, ZTE and other Chinese telecommunications equipment companies was due to “hysteria”, and urged U.S. lawmakers to stop the bills. Ministry spokeswoman Hua Chunying made the comments at a regular news briefing in Beijing. On Wednesday, a bipartisan group of…
[ad_1] TAIPEI/SHANGHAI (Reuters) – One of China’s top government-linked think tanks has called out Apple Inc, Amazon.com Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei. FILE PHOTO: An electronic screen displays the Apple Inc. logo on…
[ad_1] SYDNEY (Reuters) – Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China’s economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment’s peace. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in…
[ad_1] WYOMING, Mich. (Reuters) – Bob Roth makes no bones about his feelings towards U.S. manufacturing. Toyota trucks are shown on a car carrier for delivery after arriving in the United States in National City, California, U.S. June 27, 2018. REUTERS/Mike Blake The co-owner and chief executive of RoMan Manufacturing Inc, which makes transformers and…
[ad_1] BEIJING (Reuters) – China’s economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures. Workers unload containers from a train at Dahongmen Railway Station in Beijing, China January…
[ad_1] The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann (Reuters) – Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter. According to…
[ad_1] BEIJING/SHANGHAI (Reuters) – The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. FILE PHOTO: The Lotus Exige Sport 410 is seen…
[ad_1] Amazon’s AWS cloud computing service today launched Backup, a new tool that makes it easier for developers on the platform to back up their data from various AWS services and their on-premises apps. Out of the box, the service, which is now available to all developers, lets you set up backup policies for services like Amazon…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N) boosted investor sentiment. Goldman Sachs shares surged 9.5 percent, providing the greatest boost to the Dow, after the bank reported quarterly revenue and earnings that topped…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade deal, said Senate Finance Committee Chairman Charles Grassley on Wednesday. FILE PHOTO: Automobiles are on a truck for delivery to a car lot in…
[ad_1] SYDNEY (Reuters) – Asian share markets faltered on Thursday as unease over China’s economic outlook eroded early gains, though an anti-climactic end to the latest chapter in the Brexit saga did offer sterling a moment’s peace. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of…
[ad_1] BERLIN (Reuters) – The German government is actively considering stricter security requirements and other ways to exclude China’s Huawei Technologies [HWT.UL] from a buildout of fifth-generation (5G) mobile networks, the Handelsblatt newspaper reported. FILE PHOTO: Visitors walk past Huawei’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard Handelsblatt, citing…
[ad_1] PORT MORESBY (Reuters) – From her red-roofed home near Papua New Guinea’s capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars’ worth of natural gas before it is shipped to Asian buyers. Locals walk along a small beach where a Liquefied Natural…
[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 (Reuters) – S&P cut its rating on PG&E Corp’s (PCG.N) Pacific Gas & Electric Co unit on Wednesday, making it the third such cut this month, after the unit…
[ad_1] (Reuters) – John Bogle, whose family’s struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world’s biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said. FILE PHOTO: Vanguard group founder John Bogle makes a point during an interview at his…
[ad_1] SYDNEY (Reuters) – Asian shares crept higher on Thursday as upbeat bank earnings bolstered Wall Street, while an anti-climactic end to the latest chapter in the Brexit saga gave sterling a moment’s peace. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after…
[ad_1] CAPE CANAVERAL, Fla. (Reuters) – A joint venture between Boeing Co (BA.N) and Lockheed Martin Corp (LMT.N) will conduct the final design review for its new flagship Vulcan rocket within months, it said on Wednesday, as the aerospace company heads for a showdown with Elon Musk’s SpaceX and others in the launch services market.…
[ad_1] Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows. According to Net Energy Exchange, the difference between bitumen-blend Western Canadian Select and New York-traded West Texas Intermediate was about $8.25…
[ad_1] WASHINGTON (Reuters) – Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles. Employees of Hyundai Motor Group attend the company’s…
[ad_1] NEW YORK (Reuters) – Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May’s government won a confidence vote in parliament. FILE PHOTO: A trader works on the floor at the New…
[ad_1] FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, December 6, 2018. REUTERS/Chris Wattie WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp (000063.SZ) or…
[ad_1] NEW YORK (Reuters) – Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production. FILE PHOTO: Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014.…
[ad_1] (Reuters) – SQN Investors LP said on Wednesday Yelp Inc’s shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself. FILE PHOTO: The Yelp Inc. logo is seen in their offices in Chicago, Illinois, March…
[ad_1] FILE PHOTO: French Finance Minister Bruno Le Maire attends the questions to the government session at the National Assembly in Paris, France, November 27, 2018. REUTERS/Gonzalo Fuentes PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday the government had called for a Renault (RENA.PA) board meeting in the coming days to…
[ad_1] The Ontario Trucking Association says there’s a desperate shortage of truckers in Ontario and they have a solution: bring in foreign workers. The association says it wants to bring in more foreign workers to do the job because long-haul trucking is a job people in Ontario don’t want. The country’s largest transportation union, Teamsters Canada, says…
[ad_1] The Kia logo is seen on a vehicle at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – Kia Motors Corp (000270.KS) said on Wednesday it would recall 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 for engine…
[ad_1] Google Cloud today announced that Nvidia’s Turing-based Tesla T4 data center GPUs are now available in beta in its data centers in Brazil, India, Netherlands, Singapore, Tokyo and the United States. Google first announced a private test of these cards in November, but that was a very limited alpha test. All developers can now take these…
[ad_1] NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest fund manager, reported a smaller-than-expected quarterly profit on Wednesday due to financial market turmoil, but investors celebrated the company’s strong sales of relatively low-fee funds. FILE PHOTO – A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018.…
[ad_1] The company formerly known as WeWork has come under scrutiny for potential conflict of interest issues regarding CEO Adam Neumann’s partial ownership of three properties where WeWork is (or will be) a tenant. TechCrunch has seen excerpts of the company’s prospectus for investors that details upwards of $100 million in total future rents WeWork…
[ad_1] Coast Capital Savings says 140 members had money stolen from their accounts during a targeted cyber fraud attack in November and December of last year. The credit union doesn’t know exactly how much is missing but said the loss to each victim was “typically in the magnitude of between $3,000 and $6,000,” meaning thieves got away with many hundreds of thousands…
[ad_1] Organizers of next week’s annual gathering of business and political leaders in the Swiss ski resort of Davos say worsening international relations are hindering efforts to resolve global challenges. In its annual Global Risks Report, the World Economic Forum said Wednesday that a “darkening” economic outlook, in part fostered by geopolitical tensions between the United…
[ad_1] HyperScience, the machine learning company that turns human readable data into machine readable data, has today announced the close of a $30 million Series B funding round led by Stripes Group, with participation from existing investors FirstMark Capital and Felicis Ventures, as well as new investors Battery Ventures, Global Founders Fund, TD Ameritrade and…
[ad_1] FILE PHOTO: Airbus members celebrate the landing of an Airbus A220-300 aircraft during its presentation in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau/File Photo MOBILE, Al. (Reuters) – Airbus expanded its industrial presence in the United States on Wednesday, preparing to breaking ground on a new assembly plant for the A220, 18…
[ad_1] Infor, a NYC-based enterprise software company, announced a massive $1.5 billion investment today that could be the precursor to an IPO down the road. One analyst is estimating that the valuation could be at least $60 billion. The investment is being led by Koch Industries’ investment arm, Koch Equity Development, and Golden Gate Capital.…
[ad_1] Sears will live on — at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized to discuss the…
[ad_1] Furious companies facing weeks more uncertainty over an ever closer Brexit lashed out at politicians on Wednesday, and warned of chaos at ports and catastrophic job losses if Britain failed to secure a withdrawal deal with the European Union. British lawmakers rejected on Tuesday a Brexit agreement that would have secured tariff-free trade and…
[ad_1] DETROIT (Reuters) – Ford Motor Co (F.N) forecast a weaker fourth quarter than analysts expected, and said on Wednesday it faced uncertainty in 2019 due to trade issues and Britain’s exit from the European Union, sending its shares down 2 percent in premarket trading. FILE PHOTO: Workers prepare for the Ford Motor Company 2019…
[ad_1] High demand for the “POT” stock symbol has prompted several Canadian stock exchanges to conduct a collective lottery to select which company will be able to use the eye-catching ticker. After “significant interest,” the Canadian Securities Exchange says it along with the Toronto Stock Exchange, TSX Venture Exchange and Aequitas NEO Exchange will assign…
[ad_1] LONDON (Reuters) – World equity markets on Wednesday held their nerve after the heavy parliamentary defeat of British Prime Minister Theresa May’s Brexit deal as investors saw potential for legislative deadlock forcing London to delay its departure from the EU. A share trader starts his trading systems at the start of the trading session…
[ad_1] FILE PHOTO: A Ryanair Boeing 737-800 plane takes off from Palma de Mallorca airport in Palma de Mallorca, Spain, July 28, 2018. REUTERS/Paul Hanna/File Photo DUBLIN (Reuters) – Ryanair (RYA.I) pilot unions in several countries have suspended talks with management in protest at what they see as the airline using the threat of base…
[ad_1] FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo SAO PAULO (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) said on Wednesday it expects 2019 earnings to be “approximately zero,” before factoring in interest and taxes. Embraer…
[ad_1] A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith (Reuters) – Bank of America Corp (BAC.N) reported fourth-quarter profit that more than tripled from a year earlier, when it took a $2.9 billion charge related to changes in the U.S. tax law. Net income applicable to…
[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 GLOBAL BUSINESS WEEK AHEAD (Reuters) – BlackRock Inc (BLK.N), the world’s biggest asset manager, reported on Wednesday a 60 percent slump in quarterly profit from a year ago when the company booked…
[ad_1] FILE PHOTO: Forrest Lampe-Martin unloads packages during a UPS delivery in Seattle, Washington, U.S., November 9, 2017. REUTERS/David Ryder/File Photo BRUSSELS (Reuters) – The European Court of Justice on Wednesday annulled a 2013 European Commission decision that blocked U.S. package delivery company UPS’s (UPS.N) planned acquisition of Dutch peer TNT Express, citing a procedural…
[ad_1] It’s taken a decade of technological improvement and a new competitive bidding process for electrical generation contracts, but wind may have finally come into its own as one of the cheapest ways to create power. Ten years ago, Ontario was developing new wind power projects at a cost of 28 cents per kilowatt hour (kWh),…
[ad_1] Gillette’s provocative new ad encouraging men to fight toxic masculinity has sparked a backlash. For those who applaud the commercial, it may appear strange that its seemingly positive message about stamping out bullying and sexual harassment has sparked anger and hurt feelings. But this is somewhat new terrain in the advertising world: telling men something’s broken and they…
[ad_1] A group of First Nations have plans to become the new owners of the Trans Mountain pipeline and its controversial expansion plan. Leaders are gathering in Calgary this week to work out the details of how they would buy it from the federal government. The idea that Indigenous leaders are considering purchasing the multi-billion…
[ad_1] FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New Hyde Park, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton NEW YORK (Reuters) – Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of…
[ad_1] SINGAPORE (Reuters) – Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown. FILE PHOTO: A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann Brent crude oil…
[ad_1] FILE PHOTO: A man runs past the Bank of Japan (BOJ) building in Tokyo, Japan, July 29, 2016. REUTERS/Kim Kyung-Hoon/File Photo GLOBAL BUSINESS WEEK AHEAD TOKYO (Reuters) – The Bank of Japan is expected to cut its inflation forecasts at next week’s rate review, sources say, a sign slumping oil prices and a darkening…
[ad_1] TOKYO (Reuters) – Global share markets and the sterling weathered a UK political storm as investors wagered that London will have no choice but to delay its Brexit deadline to avoid a disorderly exit from the European Union. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing recent change…
[ad_1] WASHINGTON (Reuters) – General Motors code named its November announcement to cut nearly 15,000 jobs in North America and restructure itself “Turbo,” suggesting a leaner approach for the largest U.S. automaker would “accelerate its transformation.” A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017.…
[ad_1] Xinghua, China (Reuters) – A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future of the nation’s mammoth agricultural sector. Staff members taking part in the experiment on automated…
[ad_1] LONDON (Reuters) – Carmaker Ford (F.N), technology giant IBM (IBM.N), South Korean cathode maker LG Chem (051910.KS) and China’s Huayou Cobalt (603799.SS) have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The logo is seen on the bonnet of a new Ford Aspire car during its…
[ad_1] TOKYO (Reuters) – Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to withdraw Britain from the European Union. FILE PHOTO: A man is reflected on an electronic board showing a graph analyzing…
[ad_1] SINGAPORE (Reuters) – Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel. FILE PHOTO: A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann International Brent crude oil futures LCOc1 were at…
[ad_1] TOKYO (Reuters) – Nissan Motor Co Ltd plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to the high-profile executive’s legal headaches. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan…
[ad_1] BOSTON (Reuters) – A former senior managing director of a firm that advises companies on shareholder votes was convicted on Tuesday of participating in a scheme to bribe a proxy adviser’s employee with sports and concert tickets to learn how its investor clients were voting. FILE PHOTO: Former Georgeson LLC employee Donna Ackerly, (center),…
[ad_1] WILMINGTON, Del. (Reuters) – A Delaware judge said on Tuesday Papa John’s International Inc must turn over internal documents to the company’s founder who has been seeking to reassert control over the pizza delivery chain after he resigned as chairman in July. FILE PHOTO: John Schnatter (R), founder and chief executive of Papa John’s…
[ad_1] 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 (Reuters) – Verizon Communications Inc (VZ.N) said on Tuesday it will include free Apple Music subscriptions in some of its top-tier U.S. data plans, deepening its ties with the iPhone…
[ad_1] TOKYO (Reuters) – Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union. FILE PHOTO: A man is reflected on an electronic board showing a graph…
[ad_1] NEW YORK (Reuters) – Negotiations between Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert and the bankrupt U.S. department store operator approached a resolution late on Tuesday as the billionaire hedge fund manager faced the choice of improving his $5 billion offer for the company or ending his takeover plans, people familiar with the matter…
[ad_1] (Reuters) – McDonald’s Corp (MCD.N) has lost its rights to the trademark “Big Mac” in a European Union case ruling in favor of Ireland-based fast-food chain Supermac’s, according to a decision by European regulators. The logo of U.S. company McDonald’s is pictured in Rome, Italy August 16, 2018. REUTERS/Max Rossi The judgment, provided to…
[ad_1] The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White (Reuters) – Chief Financial Officer Tim Stone will be leaving Snap Inc (SNAP.N) less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past…
[ad_1] FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking (Reuters) – Nordstrom Inc (JWN.N) said on Tuesday its comparable store sales during the crucial months of November and December rose 1.3 percent. The department store operator also said it now expects full-year profit to be in the low…
[ad_1] NEW YORK (Reuters) – Major world stock markets climbed on Tuesday on hopes of more stimulus for China’s economy, while sterling rebounded from the day’s lows after British lawmakers defeated Prime Minister Theresa May’s deal on withdrawing from the European Union. Sterling rallied more than a cent to stand above $1.28 after the vote.…
[ad_1] Box announced today that it has hired Lakshmi Hanspal to be the company’s new Chief Information Security Officer (CISO). She boasts 20 years of security experience including holding executive security roles at SAP Ariba and Bank of America. She also spent time in a senior role at PayPal. In a blog post announcing the…
[ad_1] PARIS (Reuters) – The French government is moving to dismiss Renault’s (RENA.PA) scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news…
[ad_1] Ontario and federal politicians have walked away empty-handed from meetings with General Motors about the company’s plans to close the Oshawa Assembly Plant. Federal Economic Development Minister Navdeep Bains met briefly with GM CEO Mary Barra on the sidelines of an auto show in Detroit Monday and Ontario Premier Doug Ford met with GM…
[ad_1] Over the past 15 years, home equity lines of credit have emerged as the driver of mounting non-mortgage debt in Canada — yet many Canadians don’t understand what they’ve signed up for and are not moving to pay them off, a new survey suggests. The more than three million Canadians holding a HELOC owed…
[ad_1] FILE PHOTO: PepsiCo CEO Indra Nooyi poses for a portrait by products at the Tops SuperMarket in Batavia, New York, U.S. on June 3, 2013. REUTERS/Don Heupel WASHINGTON (Reuters) – The White House is considering former PepsiCo Inc (PEP.O) Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO…
[ad_1] While the DoD is in the process of reviewing the $10 billion JEDI cloud contract RFPs (assuming the work continues during the government shutdown), Microsoft continues to build up its federal government security bona fides, regardless. Today the company announced it has achieved the highest level of federal government clearance for the Outlook mobile…
[ad_1] NEW YORK (Reuters) – The top-performing U.S. growth fund managers of the last year are taking the recent slide in the U.S. stock market to add to their bets in companies they expect will continue to expand regardless of the direction of the overall economy. FILE PHOTO: Medical marijuana is displayed in Los Angeles,…
[ad_1] A Payless ShoeSource store is pictured in El Cajon, California, U.S., August 8, 2017. REUTERS/Mike Blake (Reuters) – U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy, people familiar with the matter said on…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday as Netflix spurred a rally in technology and internet stocks and UnitedHealth posted strong results, while hopes of more stimulus for China’s slowing economy encouraged buying in risky assets. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with involvement in a scheme to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database. FILE PHOTO: Jay Clayton, Chairman of the Securities and Exchange Commission, listens during an interview with CNBC at…
[ad_1] CM Group, the organization behind email-centric services like Campaign Monitor and Emma, today announced that it has acquired marketing automation firm Sailthru and the email personalization service Liveclicker. The group did not disclose the acquisition price but noted that the acquisition would bring in about $60 million in additional revenue and 540 new customers,…
[ad_1] Netflix is raising its U.S. prices by 13 per cent to 18 per cent, its biggest increase since the company launched its streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on up to two different internet-connected devices…
[ad_1] FILE PHOTO: Leon Black, Chairman, CEO and Director, Apollo Global Management, LLC, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, U.S. May 1, 2018. REUTERS/Lucy Nicholson (Reuters) – Apollo Global Management LLC (APO.N) is nearing a deal to buy U.S. aluminum products maker Arconic Inc (ARNC.N) for more than $10…
[ad_1] NEW YORK (Reuters) – Major world stock markets climbed on Tuesday, helped by hopes of more stimulus for China’s economy, while the euro declined against the U.S. dollar following weak German economic data. FILE PHOTO: A trader looks at price monitors as he works on the floor at the New York Stock Exchange (NYSE)…
[ad_1] Personal grooming company Gillette has drawn a lot of attention for its latest ad campaign, which urges men to take a more active role in fighting toxic masculinity. The ad, which has racked up more than four million views on YouTube within a day of its release, is a series of vignettes depicting bullying,…
[ad_1] (Reuters) – U.S. stocks rose on Tuesday, as hopes of more stimulus for China’s slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019.…
[ad_1] Smartsheet, the project management and collaboration tool that went public last April, announced the acquisition of Seattle-based TernPro, Inc., makers of Slope, a collaboration tool designed for sharing creative assets. The companies did not share the acquisition price. Bringing Slope into the fold will enable Smartsheet users to share assets like video and photos…
[ad_1] The average Canadian home sold in December cost $472,000, a figure that declined by almost five per cent in 2018. The Canadian Real Estate Association also said Tuesday that the number of homes sold was down, too, to the lowest annual pace since 2012. December is not typically a busy year for home sales, but this year’s…
[ad_1] There is a growing demand for stronger security at every point in the IT ecosystem, and today, one of the the more successful enterprise startups to emerge in the last several years is announcing a big round of funding to provide that. Rubrik, which provides enterprise data management and backup services across on-premise, cloud…
[ad_1] (Reuters) – UnitedHealth Group Inc (UNH.N) beat Wall Street estimates for fourth-quarter profit on Tuesday, mainly driven by growth in its services business, including its pharmacy benefits unit. FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – Wells Fargo & Co on Tuesday reported quarterly revenue that missed analysts’ estimates, as revenue across all its banking units declined, especially at community banking, the unit at the center of its 2016 sales scandal. A Wells Fargo ATM machine is shown in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake…
[ad_1] DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) on Tuesday set an alliance that combines forces on commercial vans and pickups and said they were exploring expanding into joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars. The President and CEO of Ford Motor…
[ad_1] LONDON (Reuters) – Chinese stimulus hopes lifted world stocks on Tuesday, while Britain’s pound huddled near a two-month high as the UK’s parliament readied for a “meaningful” vote on Prime Minister Theresa May’s unpopular Brexit plans. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29,…
[ad_1] FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files (Reuters) – JPMorgan Chase & Co (JPM.N) on Tuesday reported a 67 percent rise in fourth-quarter profit from a year ago, when it took a $2.4 billion charge due…
[ad_1] SHANGHAI (Reuters) – Huawei’s [HWT.UL] founder Ren Zhengfei on Tuesday rejected claims his company is used by the Chinese government to spy and said he missed his daughter, who is being held by Canadian authorities, the Financial Times newspaper reported. FILE PHOTO: Chinese President Xi Jinping (L) pauses as he is shown around the…
[ad_1] FRANKFURT (Reuters) – A patent lawsuit filed by Qualcomm Inc against Apple Inc was thrown out by a German court on Tuesday, in a reversal for the U.S. chipmaker after it won a recent court ban on the sale of some iPhones in the country. FILE PHOTO: An employee of German Apple retailer Gravis…
[ad_1] LONDON (Reuters) – Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand. FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo Brent crude oil futures LCOc1…
[ad_1] TOKYO (Reuters) – The Tokyo District Court on Tuesday denied former Nissan Motor Co Ltd Chairman Carlos Ghosn’s request for release on bail after his indictment last week on two new charges, making it likely the once-feted executive remains jailed for months. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends…
[ad_1] Dozens of First Nations leaders are meeting this week to discuss a plan that could make them the next owners of the controversial Trans Mountain pipeline. Indigenous leaders will debate Wednesday which financial model is ideal if they are able to purchase the pipeline project, which would boost the amount of oilsands bitumen shipped…
[ad_1] DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) are expected to unveil an alliance on Tuesday that combines forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology, moves meant to save the automakers billions of dollars. The President and CEO of Ford Motor…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand. FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Tuesday, supported by a bounce in Chinese shares amid hopes for government stimulus, while sterling braced for the vote in parliament over the British government’s plan to exit the European Union. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, Oct.1, 2018. Picture taken Oct.1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – The Tokyo District Court on Tuesday denied former Nissan Motor Co…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by more than 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand. FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File…
[ad_1] SINGAPORE (Reuters) – Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains. FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo – D1BEUBAWKVAB International Brent crude oil futures LCOc1…
[ad_1] BEIJING (Reuters) – China will aim to achieve “a good start” in the first quarter for the economy, the state planner said on Tuesday, signaling authorities could roll out more stimulus measures in the near term to counter slowing growth. FILE PHOTO – Apartment blocks are pictured during sunset on the outskirts of Tianjin,…
[ad_1] SACRAMENTO, Calif. (Reuters) – PG&E Corp’s announcement that it will file for bankruptcy, citing massive potential liability from deadly wildfires, puts California politicians in quandary, whether to offer a bailout or risk allowing the state’s largest private utility to fail. Pacific Gas and Electric (PG&E) trucks are seen parked on a road between homes…
[ad_1] ANCHORAGE, Alaska (Reuters) – Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a small amount of crude oil and gas from a well that had earlier been shut. FILE PHOTO: The…
[ad_1] TORONTO (Reuters) – Two recent large M&A deals in the gold sector have prompted speculation that Newcrest Mining (NCM.AX), Kinross Gold Corp (K.TO) and B2Gold Corp (BTO.TO) may be among the next gold companies to combine with a rival, bankers and analysts said. FILE PHOTO: Senior refinery technician Vincente Sandoval puts a gold “button”…
[ad_1] DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger gasoline and diesel cars, Chief Executive Officer Mike Manley said on Monday. Mike Manley, CEO of Fiat Chrysler Automobiles (FCA), and FCA Chairman John Elkann (R) speak next…
[ad_1] DETROIT (Reuters) – General Motors Co’s (GM.N) strategy to make its luxury Cadillac marque its lead electric vehicle brand is the automaker’s final opportunity to turn the unit around and make it a success, a top executive said on Monday. “We don’t have any chances left with taking Cadillac to a really new place,”…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by 1 percent on Tuesday amid supply cuts by producer club OPEC and Russia, although analysts said much bigger gains were unlikely because of a darkening economic outlook capped gains. FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File…
[ad_1] FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. REUTERS/Sergei Karpukhin/File Photo – D1BEUBAWKVAB SINGAPORE (Reuters) – Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains. U.S. West Texas Intermediate (WTI) crude futures CLc1…
[ad_1] TOKYO (Reuters) – Asian shares were on back foot on Tuesday as an unexpected drop in China’s exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government’s Brexit plan. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside…
[ad_1] Dr. Herbert Diess, CEO, Volkswagen AG, speaks to members of the media during the reveal of new 2020 Passat at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Volkswagen’s (VOWG_p.DE) Chief Executive Herbert Diess said an $800 million investment to build a new electric…
[ad_1] NEW YORK (Reuters) – An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett’s famous wager on global stocks more than a decade ago. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] NEW YORK (Reuters) – World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets. Oil prices fell more than 2 percent and the safe-haven yen rose against the dollar following the China news, which added…
[ad_1] DETROIT (Reuters) – Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry. Ford Motor Company President and CEO Bill Hackett (L) and Executive Chairman Bill Ford attend their company’s presentation at the North…
[ad_1] Dr. Herbert Diess, CEO, Volkswagen AG, speaks in front of an image of a van concept vehicle during the company’s presentation at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) said on Monday it is investing $800 million to build a…
[ad_1] NEW YORK (Reuters) – U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January…
[ad_1] The future of the General Motors Oshawa assembly plant is in talks again on the first day of the 2019 North American International Auto Show. Unifor National President Jerry Dias has met with Ontario Premier Doug Ford and federal minister of innovation, science and economic development, Navdeep Bains, about GM. Last week, Dias gave…
[ad_1] Businesses and investors are rushing to partner with the 25 winners of the Ontario cannabis retail licence lottery, with offers apparently worth millions of dollars, to be involved in the province’s first recreational weed stores set to open this spring. Olivia Brown, the founder of Hamilton, Ont.-based Professional Cannabis Consulting, says one of her…
[ad_1] MONTREAL (Reuters) – Europe’s Airbus is looking for a “significant double-digit” percentage reduction in costs for a recently acquired Canadian jet program, as it expands production capacity to cope with anticipated demand for the former Bombardier jet. FILE PHOTO: An Airbus A220-300 aircraft flies during its unveiling in Colomiers near Toulouse, France, July 10,…
[ad_1] More than 150 jobs in the automotive technologies sector are coming to Windsor, according to Canada’s minister of innovation, science and economic development. During a visit to APAG Elektronik in Windsor, innovation minister Navdeep Bains announced $4 million in federal funding for the company. Service Mold + Aerospace, an integrated tool-and-mold manufacturer, will also receive $1 million. Both…
[ad_1] About six months ago, Delta 9 Cannabis CEO John Arbuthnot was busy getting ready for the looming legalization of cannabis. There was the behind-the-scenes planning for his company’s first retail pot store, the creation of supply agreements with other cannabis sellers, and then the expansion of Delta 9’s secure growing facility in east Winnipeg. Then…
[ad_1] Pacific Gas and Electric said it plans to file for bankruptcy protection amid potentially massive liabilities resulting from the deadly California wildfires. The announcement Monday follows the resignation of the company’s chief executive, Geisha Williams, a day earlier. John Simon, the company’ general counsel since 2017, will serve as interim chief executive. Officials are investigating…
[ad_1] The Organization for Economic Co-Operation and Development released new data on Monday that suggests Canada’s economic forecast has gotten progressively gloomier for almost a year, an outlook that it shares with most other major world economies. “In the United States and Germany, the tentative signs of easing growth that were flagged in last month’s assessment, have…
[ad_1] (Reuters) – Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China’s exports in December reignited worries of a slowdown in global economic growth. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid The China trade…
[ad_1] More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican administration’s efforts to prop up the industry to keep a campaign promise to coal-mining states. In total, more than 23,400 megawatts (MW) of coal-fired generation were…
[ad_1] Shaw Communications Inc. beat analyst estimates with a nearly 70 per cent increase in its first-quarter profit as growth at Freedom Mobile and its business services unit offset flat results at its core residential services. The Calgary-based company earned $187 million or 36 cents per share in the quarter ended Nov. 30, up from…
[ad_1] Aurora Cannabis Inc. has signed a deal to buy Whistler Medical Marijuana Corp. in an all-stock deal worth up to $175 million, including certain milestone payments. Edmonton-based Aurora says the acquisition of the privately held company is expected to provide it with a suite of premium and organic certified products. Whistler operates two indoor…
[ad_1] Newmont Mining Corp. has signed an agreement to acquire Canadian miner Goldcorp Inc. in a deal it valued at about $10 billion US. The companies announced Monday that Newmont will exchange 0.328 of a share and two cents in cash for each of Goldcorp’s outstanding common shares. The combined company will be called Newmont…
[ad_1] (Reuters) – PG&E Corp (PCG.N), owner of the biggest U.S. power utility by number of customers, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018. FILE PHOTO: PG&E works on power lines…
[ad_1] (Reuters) – Citigroup Inc reported a surprise drop on Monday in quarterly revenue due to a steep decline in its fixed income trading business, hurt by volatility in financial markets at the end of the year. FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto,…
[ad_1] As people increasingly use their mobile phones and other devices to shop, it has become imperative for vendors to improve the shopping experience, making it as simple as possible, given the small footprint. One way to do that is using artificial intelligence. Today, Salesforce announced some AI-enhanced APIs designed to keep us engaged as…
[ad_1] (Reuters) – PG&E Corp, the biggest U.S. power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018. FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp…
[ad_1] LONDON (Reuters) – Global stock markets and commodities took a hit on Monday after a shock contraction in Chinese trade pointed to deepening cracks in the world’s second-largest economy and sparked fears of a sharper slowdown in global growth. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London,…
[ad_1] FILE PHOTO: The corporate flags for the Gannett Co and its flagship newspaper, USA Today, fly outside their corporate headquarters in McLean, Virginia, July 23, 2013. REUTERS/Larry Downing (Reuters) – Newspaper chain MNG Enterprises Inc said on Monday it had offered to buy USA Today publisher Gannett Co Inc (GCI.N) for $12 per share…
[ad_1] FILE PHOTO: Saudi man looks at the solar plant in Uyayna, north of Riyadh, Saudi Arabia April 10, 2018. Picture taken April 10, 2018. REUTERS/Faisal Al Nasser/File Photo ABU DHABI (Reuters) – ACWA Power plans to expand into solar panel manufacturing, its chief executive said, in a move which would put the power and…
[ad_1] SINGAPORE (Reuters) – Singapore’s CapitaLand (CATL.SI) is forking out S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia’s largest real estate investment manager. FILE PHOTO: A man passes a Capitaland logo outside an office building in the central business…
[ad_1] Containers and trucks are seen at a terminal of the Qingdao port in Shandong province, China November 8, 2018. REUTERS/Stringer BEIJING (Reuters) – China’s trade surplus with the United States rose to $323.32 billion last year, the highest on record going back to 2006, Reuters calculations based on customs data showed on Monday. That…
[ad_1] Alberta’s mandatory oil production cuts have helped boost Canadian crude prices, but concern persists that the cure could be worse than the cold. Since the strategy was executed two weeks ago, the price gap between Canadian and U.S. benchmark crude has shrunk to under $10 US a barrel. On Friday, it was the narrowest it has been in nearly a…
[ad_1] If a U.S. recession is around the corner, the construction of President’s Donald Trump’s wall on the Mexican border could be an economic godsend. Last week, the world’s most powerful central banker, U.S. Fed Chair Jerome Powell, assured us that economic growth would continue in 2019. Bank of Canada governor Stephen Poloz has been similarly optimistic.…
[ad_1] SINGAPORE (Reuters) – Singapore’s CapitaLand (CATL.SI) is paying S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal that the developer said would create Asia’s largest real estate investment manager. FILE PHOTO – A man passes a Capitaland logo outside an office building in the central…
[ad_1] BEIJING/SHANGHAI (Reuters) – Car makers in China will face more fierce competition this year, after a tough 2018 when the world’s biggest auto market contracted for the first time in more than two decades, the country’s top auto industry association said on Monday. FILE PHOTO: Newly manufactured cars are seen at the automobile terminal…
[ad_1] Universal Entertainment Corp’s founder Kazuo Okada attends a news conference at the Tokyo District Court in Tokyo, Japan September 14, 2017. REUTERS/Issei Kato MANILA (Reuters) – Pachinko tycoon Kazuo Okada has asked the Philippine Stock Exchange (PSE) to block the proposed listing of Universal Entertainment Corp’s (6425.T) domestic unit, saying the Japanese gaming company…
[ad_1] (Reuters) – The wife of ousted Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn has urged New York-based Human Rights Watch to draw attention to his “harsh treatment” during detention in a Japanese jail, a letter seen by Reuters showed on Sunday. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan-Mitsubishi Alliance,…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc (ONDK.N) or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold. FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard…
[ad_1] BEIJING (Reuters) – Car makers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world’s top auto market probably contracted for the first time in about two decades, as slowing economic growth drags on demand. FILE PHOTO: Newly manufactured cars are seen at the…
[ad_1] SYDNEY (Reuters) – Asian shares and U.S. stock futures skidded on Monday after a shock contraction in Chinese exports pointed to deepening cracks in the world’s second-biggest economy and raised fears of a sharper slowdown in global growth and corporate profits. FILE PHOTO – Investors look at an electronic board showing stock information at…
[ad_1] (Reuters) – PG&E Corp PGC.N Chief Executive Geisha Williams has stepped down, the company said on Sunday, as pressure from potentially crushing liabilities linked to catastrophic wildfires have pushed the California utility owner to the financial brink and prompted it to make bankruptcy preparations. FILE PHOTO: PG&E works on power lines to repair damage…
[ad_1] SYDNEY (Reuters) – Asian shares turned down on Monday as China trade data started trickling in and as investors looked to key corporate earnings later in the week to take the pulse of a cooling global economy. FILE PHOTO – Investors look at an electronic board showing stock information at a brokerage house in…
[ad_1] SINGAPORE (Reuters) – Singapore’s CapitaLand (CATL.SI) is buying the owner of a clutch of real estate investment trusts from state investor Temasek [TEM.UL] for about $4.4 billion, a deal the developer said would create the largest diversified property group in Asia. FILE PHOTO – A man passes a Capitaland logo outside an office building…
[ad_1] SYDNEY (Reuters) – Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth. FILE PHOTO – Investors look at an electronic board showing stock information at a brokerage house…
[ad_1] FILE PHOTO – A man passes a Capitaland logo outside an office building in the central business district in Singapore January 22, 2016. REUTERS/Edgar Su SINGAPORE (Reuters) – CapitaLand Ltd (CATL.SI) said it entered into a deal with Singapore state investor Temasek [TEM.UL] to buy two wholly owned units from a subsidiary for a…
[ad_1] A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration FRANKFURT (Reuters) – Chinese foreign direct investment into North America and Europe fell by 73 percent to a six-year low last year as the United States tightened scrutiny of deals and Chinese restrictions on outbound investment bit, law firm…
[ad_1] Indigenous Services Minister Jane Philpott has been chosen to fill the cabinet vacancy as president of the Treasury Board, CBC News has learned. Prime Minister Justin Trudeau will shake up his cabinet Monday morning, likely the last change before Canadians head to polls later this year. The shift was prompted by a resignation from the senior ranks of Trudeau’s…
[ad_1] WILMINGTON, Del. (Reuters) – Sears has survived the Great Depression and world wars. Whether the 126-year-old retailer stays afloat or goes out of business now hinges in part on paying for the enormous bill piled up by going broke. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day after…
[ad_1] FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer/File Photo PARIS (Reuters) – Ousted Renault-Nissan alliance (RENA.PA)(7201.T) chairman Carlos Ghosn was paid 7 million euros ($8 million) through a Dutch joint venture between Nissan and Mitsubishi (7211.T), French financial…
[ad_1] (Reuters) – The wife of ousted Nissan Motor Co Ltd chairman Carlos Ghosn has urged Human Rights Watch to bring attention to the “harsh treatment” he has received while being detained in a Japanese jail, according to a letter seen by Reuters on Sunday. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the…
[ad_1] The craft scene is touted as a local gem, but one Calgary brewer is speaking out about the lengths his beer travels before they pour your pint. Nestled in Inglewood Revival Brewcade is a small start-up brewery. Currently, they don’t brew beer on site and instead, contract through Red Bison to bring you their…
[ad_1] (Reuters) – PG&E Corp (PCG.N) is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are intensifying in the wake of potentially staggering liabilities from deadly wildfires, sources said on Sunday. FILE PHOTO: PG&E crew work on power lines to repair…
[ad_1] MUMBAI (Reuters) – Samsung (005930.KS) plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi (1810.HK) in the world’s second-biggest mobile phone market. FILE PHOTO – A man walks past a newly opened Samsung store in Bengaluru, India, September…
[ad_1] FILE PHOTO: A train is pictured during a rail workers’ strike across the country due to a pay dispute with Deutsche Bahn at the Hauptbahnhof main train station in Berlin, Germany, December 10, 2018. REUTERS/Fabrizio Bensch/File Photo BERLIN (Reuters) – German rail operator Deutsche Bahn wants to sell its Arriva international subsidiary to plug…
[ad_1] BERLIN (Reuters) – The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project. FILE PHOTO: U.S. Ambassador to Germany Richard Grenell arrives for a ceremony in Berlin, Germany, November 9, 2018. REUTERS/Fabrizio Bensch/File Photo U.S. President Donald…
[ad_1] A decade after the provincial government became the owner of a shuttered mill, whatever toxic mess lies beneath has yet to be cleaned up. In 2008, when Abitibi Consolidated announced it was closing its Grand Falls-Windsor paper mill, the Danny Williams government reacted by expropriating the company’s assets. Among them, the provincial government would…
[ad_1] FILE PHOTO: The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany, October 31, 2018. REUTERS/Hannibal Hanschke BERLIN (Reuters) – Germany’s antitrust authority has expressed concerns to the European Union’s competition watchdog about the planned merger of the rail operations of Siemens (SIEGn.DE) and France’s Alstom (ALSO.PA), a newspaper reported on…
[ad_1] FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo BERLIN (Reuters) – Germany’s Federal Motor Transport Authority (KBA) is considering recalling more Volkswagen (VOWG_p.DE) cars due to its emissions, scandal, the Bild am Sonntag newspaper reported on Sunday. The KBA has opened an…
[ad_1] When Nicholas Merry was taking a Grade 11 entrepreneurship class at his Cole Harbour, N.S., high school, part of the curriculum included writing a business plan. For Merry, the obvious choice was to do it on a landscaping business as he’d always mowed lawns and shovelled snow, but a friend suggested he focus his…
[ad_1] BERLIN (Reuters) – The U.S. ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick to the project, a senior U.S. official said on Sunday. FILE PHOTO: U.S. Ambassador to Germany Richard Grenell arrives for a ceremony in…
[ad_1] Terminal tractors line up as they are loaded with containers from a cargo ship at DP World’s fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed DUBAI (Reuters) – Major port operator DP World DPW.DI said on Sunday it had agreed to acquire…
[ad_1] HONG KONG/WARSAW (Reuters) – Chinese telecommunications equipment maker Huawei HWT.UL said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the company. FILE PHOTO: Logo of Huawei is seen in front of the local offices of Huawei in Warsaw, Poland…
[ad_1] A Firefly drone by Rafael Advanced Defense Systems is on display during the Eurosatory International Defence Exhibition in Villepinte, north of Paris, France June 11, 2018. REUTERS/Gonzalo Fuentes JERUSALEM (Reuters) – Israel’s state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics (ARCS.TA) for 850 million…
[ad_1] Job prospects in Canada are the best they’ve been in decades, employment experts say, but many businesses seem to have missed the memo. According to an annual salary survey, 63 per cent of employers expect the flourishing economy to boost their bottom lines in 2019, but less than a quarter plan to raise salaries more than three per cent.…
[ad_1] Millions of dollars owed to ordinary Canadians sits unclaimed in dormant bank accounts and terminated pension plans — and the federal Department of Finance is looking at fresh ways to tax some of that idle money and to reduce or eliminate any interest paid on it. Proposals to significantly revamp the so-called “unclaimed balances” regime…
[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. Bell wants to track your activity to tailor its marketing Bell wants to track everything customers do with their Bell services — including phone, TV and internet. The company says the tracking…
[ad_1] FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, in this March 30, 2016 file picture. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – Bank of China’s New York branch will enable Chinese firms to receive payment in…
[ad_1] Saudi Energy Minister Khalid al-Falih speaks to the media during Saudi government ministers brief in Riyadh, Saudi Arabia December 19, 2018. REUTERS/Faisal Al Nasser ABU DHABI (Reuters) – Saudi Energy Minister Khalid al-Falih said on Sunday in Abu Dhabi he saw no need for an extraordinary meeting of the Organisation of Petroleum Exporting Countries…
[ad_1] FILE PHOTO: Saudi Energy Minister Khalid al-Falih speaks during a news conference in Riyadh, Saudi Arabia January 9, 2019. REUTERS/Faisal Al Nasser/File Photo ABU DHABI (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly return to balance, but oil producers are…
[ad_1] FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed/File Photo ABU DHABI (Reuters) – Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said…
[ad_1] (Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake The company said it will “part ways” with some of its manpower,…
[ad_1] ABU DHABI (Reuters) – Oil producer group OPEC is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi. UAE’s Oil Minister OPEC President Suhail Mohamed Al Mazrouei addresses a news conference after an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader…
[ad_1] (Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North America, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January…
[ad_1] The logo of Flipkart is seen on the company’s office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa MUMBAI (Reuters) – A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on…
[ad_1] SHANGHAI (Reuters) – China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday. China’s Premier Li Keqiang attends a meeting with Ecuadorean President Lenin Moreno at the Great…
[ad_1] The United Kingdom’s high commissioner to Canada says informal talks that could lead to a U.K.-Canada free trade deal in as little as a year are underway — which could ease the economic uncertainty surrounding her country’s fraught debate over when and how it will exit the European Union. A key vote on Brexit will be held…
[ad_1] China’s Premier Li Keqiang attends a meeting with Ecuadorean President Lenin Moreno at the Great Hall of the People in Beijing, China December 13, 2018. Fred Dufour/Pool via REUTERS SHANGHAI (Reuters) – China’s tax cuts for smaller companies are mainly intended to support employment and ensure economic stability, Premier Li Keqiang was quoted as…
[ad_1] BEIJING (Reuters) – Nissan Motor Co Ltd (7201.T) has broadened its investigation into ousted chairman Carlos Ghosn to include dealings that took place in the United States, India and Latin America, three people with knowledge of the inquiry said. In one aspect of their internal probe, company investigators are looking into decisions made in…
[ad_1] UAE’s Oil Minister OPEC President Suhail Mohamed Al Mazrouei addresses a news conference after an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader ABU DHABI (Reuters) – The Organization of Petroleum Exporting Countries is not the enemy of the United States, United Arab Emirates Energy Minister Souhail al-Mazrouei said on Saturday in…
[ad_1] DETROIT (Reuters) – Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs. FILE PHOTO: A Chevrolet Volt plug-in hybrid vehicle is being charged at Stewart Chevrolet in Colma,…
[ad_1] The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, on May 12, 2017. REUTERS/Daniel Becerril WASHINGTON (Reuters) – GE Medical Systems Information Technologies Inc, a unit of General Electric Co, has been awarded a $450 million U.S. defense contract for patient monitoring…
[ad_1] NEW YORK (Reuters) – Wall Street ended little changed on Friday, taking a breather following a five-day winning streak, while the dollar rebounded against most currencies from earlier losses tied to expectations the U.S. central bank is in no hurry to raise interest rates. Earlier weakness in stocks and data showing a decline in…
[ad_1] FILE PHOTO: Chairman and Chief Executive Officer of The Walt Disney Company Robert A. Iger poses at the annual AFI Awards luncheon in Los Angeles, California, U.S., January 4, 2019. REUTERS/Danny Moloshok (Reuters) – Walt Disney Co (DIS.N) Chief Executive Officer Robert Iger earned stock grants worth as much as $149.6 million in 2018,…
[ad_1] SAN JOSE, California (Reuters) – Qualcomm sought to become the sole supplier of modem chips for Apple’s iPhone to recoup a $1-billion “incentive payment” that Apple insisted on, not to block rivals from the market, Qualcomm’s chief executive testified on Friday. FILE PHOTO: A woman checks her phone at a flagship Apple store at…
[ad_1] (Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North America, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January…
[ad_1] MEXICO CITY (Reuters) – Yields on the debt of Mexican state-run oil company Pemex rose sharply this week after the company failed during presentations in New York to lay out a clear plan to reduce debt and increase output, analysts said. FILE PHOTO: A digital LED price sign of state-owned company Petroleos Mexicanos (PEMEX)…
[ad_1] CHICAGO (Reuters) – When the U.S. Department of Agriculture announced last week that a slew of key farm reports would not be released on Friday due to the partial government shutdown, the phones at crop forecaster Gro Intelligence blew up. FILE PHOTO: The U.S. Department of Agriculture is seen in Washington, DC, U.S., March…
[ad_1] (Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake The company said it will “part ways” with some of its manpower,…
[ad_1] NEW YORK (Reuters) – There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake (Reuters) – Elon Musk’s SpaceX will lay off about 10 percent of its more than 6,000 employees, a source familiar with the matter said on Friday. The company did not comment on the number of layoffs but said…
[ad_1] FILE PHOTO: The top of a replica Crew Dragon spacecraft is show at SpaceX headquarters in Hawthorne, California, U.S. August 13, 2018. REUTERS/Mike Blake (Reuters) – Elon Musk’s SpaceX will lay off about 10 percent of its more than 6,000 employees, the Los Angeles Times reported on Friday, citing an unnamed source. The company…
[ad_1] (Reuters) – Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks. Underpinned by optimism over China-U.S. trade talks and expectations of a slow pace of interest rate hikes from the…
[ad_1] (Reuters) – Nissan Motor Co Ltd’s (7201.T) head of China operations Jose Munoz has resigned following reports that the Japanese automaker has broadened its investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North America, speaks during the North American International Auto Show in Detroit, Michigan, U.S.,…
[ad_1] NEW YORK/OTTAWA (Reuters) – One of Huawei Canada’s top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies. FILE PHOTO: The Huawei logo is seen during the Mobile World Congress…
[ad_1] The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake WASHINGTON (Reuters) – Microsoft Corp (MSFT.O) has been awarded a five-year contract worth $1.76 billion for delivering enterprise services for the Defense Department, Coast Guard and intelligence services, the Pentagon said on Friday. Reporting…
[ad_1] FILE PHOTO: Jose Munoz, Chairman of Nissan North America, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January 9, 2017. REUTERS/Rebecca Cook (Reuters) – Nissan Motor Co Ltd’s (7201.T) Chief Performance Officer Jose Munoz has resigned, a company’s spokesman said on Friday in an emailed statement to Reuters. Munoz’s resignation…
[ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street ended little changed on Friday as energy shares dropped and investors looked ahead to earnings season, which will kick off next week with Citigroup, JPMorgan…
[ad_1] (Reuters) – Apple Inc (AAPL.O) considered tapping Samsung Electronics Co Ltd (005930.KS) and MediaTek Inc (2454.TW) along with existing vendor Intel Corp (INTC.O) to supply 5G modem chips for 2019 iPhones, according to an Apple executive’s testimony at the trial between Qualcomm Inc (QCOM.O) and the U.S. Federal Trade Commission on Friday. FILE PHOTO:…
[ad_1] (Reuters) – Falling energy shares late on Friday jeopardized continuation of Wall Street’s five-session rally as investors looked ahead to earnings season, which will kick off with Citigroup, JPMorgan and other big banks next week. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January…
[ad_1] (Reuters) – General Motors Co (GM.N) executives on Friday bucked gloomy forecasts for growth and sent the automaker’s shares soaring, promising investors stronger 2019 earnings and outlining ambitious plans for its Cadillac brand to challenge Tesla Inc (TSLA.O) in the growing electric vehicle market. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks…
[ad_1] Customers who don’t work in the building that houses Kento Kitayama’s tiny cafe near Vancouver’s Gastown neighbourhood better be prepared to settle for takeout. He can only take orders through a little window facing the sidewalk. Iktsuarpok Coffee Stand, which opened late last month, has no seating and sparse furnishings. Kitayama could likely stand…
[ad_1] FILE PHOTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Lagos, Nigeria, as part of preparations ahead of the 2018 Pyeongchang Winter Olympic Games, February 1, 2018. REUTERS/Afolabi Sotunde (Reuters) – Visa Inc (V.N) on Friday said here Mary…
[ad_1] PARIS/YOKOHAMA (Reuters) – One of Renault (RENA.PA) boss Carlos Ghosn’s senior executives received an additional six-figure salary unknown to the carmaker’s board via the Dutch joint venture overseeing its alliance with Nissan (7201.T), according to sources and documents seen by Reuters. FILE PHOTO: Groupe Renault executive vice president Mouna Sepehri attends a news conference…
[ad_1] A Discount mini-bus, escorted by several security guards, edges toward the makeshift checkpoint that guards the lone road in and out of the sprawling ABI aluminum smelter in Bécancour, Que. The bus’s path is blocked by a dozen picketers, who cup their hands to the tinted windows and try to identify the obscured figures inside. “There were scabs in…
[ad_1] Two of Canada’s largest mobile phone services are being targeted by a social media campaign launched by Remind.com, a San Francisco-based company that provides a free two-way texting service for teachers, students and parents. Remind is calling on its Canadian users — nearly one million individuals, according to the company — to pressure Rogers…
[ad_1] (Reuters) – General Motors Co (GM.N) said on Friday its revamped pickup truck lineup will boost its 2019 earnings and Cadillac will become its lead electric vehicle brand, sending the No. 1 U.S. automaker’s shares up more than 8 percent. FILE PHOTO: A General Motors sign is seen during the China International Import Expo…
[ad_1] (Reuters) – A five-day rally in U.S. stocks ran out of steam on Friday as investors booked profits and reset their positions ahead of the earning season set to begin next week. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan…
[ad_1] AVELLINO, Italy (Reuters) – Three managers at Autostrade per l’Italia, and three former managers, were found guilty of manslaughter on Friday in a case relating to a 2013 motorway accident that killed 40 people, while CEO Giovanni Castellucci was acquitted. FILE PHOTO: Autostrade per l’Italia Chief Executive Giovanni Castellucci speaks at a news conference…
[ad_1] The CEO of a Canadian cannabis producer recently targeted by short sellers will step down from an executive role at the company he helped found, but stay on the board. Vic Neufeld, along with co-founder Cole Cacciavillan, will “transition out of their executive roles over the coming months,” Leamington, Ont.-based Aphria Inc. said in a press release Friday.…
[ad_1] (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: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo 1/BREXIT MAY DAY With…
[ad_1] FILE PHOTO: Roberto Castello Branco, the new CEO of Brazil’s state-run oil company Petrobras, is seen at a ceremony marking his taking over the firm, in Rio de Janeiro, Brazil January 3, 2019. REUTERS/Sergio Moraes SAO PAULO (Reuters) – The new chief executive of Brazil’s state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) is pushing…
[ad_1] LONDON (Reuters) – Soothing words from the world’s top central banks helped stocks consolidate a strong start to 2019 on Friday, while China’s yuan capped its best week since it shed its dollar peg in 2005. A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration Stock markets were…
[ad_1] BERLIN (Reuters) – Volkswagen Group (VOWG_p.DE) said on Friday its passenger car deliveries rose 0.9 percent last year to a record 10.83 million, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world’s biggest carmaker. FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany,…
[ad_1] FILE PHOTO: Autostrade per l’Italia Chief Executive Giovanni Castellucci speaks at a news conference about the collapsed Morandi Bridge in Genoa, Italy August 18, 2018. REUTERS/Massimo Pinca MILAN/ROME (Reuters) – An Italian judge on Friday acquitted Autostrade per l’Italia CEO Giovanni Castellucci in a case regarding a 2013 accident that killed 40 people on…
[ad_1] SHANGHAI (Reuters) – Several Chinese electronics retailers including Alibaba-backed Suning (002024.SZ) and JD.com (JD.O) have slashed iPhone prices this week, after Apple (AAPL.O) recently blamed poor sales of the smartphone in the country for a rare revenue warning. The discounting, as steep as $118 for the recently launched 64GB iPhone XR, is the latest…
[ad_1] A kids’ bomb-defusing game sold in Canada at Walmart has offended some shoppers who find it inappropriate, particularly in an era of terrorism threats. “It’s horrendous, especially in a day and age like this,” said Sharon Butler, a parent who discovered the item recently at a Walmart store in London, Ont. Called “Cut The Wire,”…
[ad_1] Health Canada is following in the European Union’s footsteps as it moves to ban the use of neonic pesticides due to concerns about their impact on bees and other wildlife. But many farmers are fighting to maintain the status quo. Canola growers, in particular, say the ban would increase costs and put their crops at risk of being…
[ad_1] When you throw your food’s plastic packaging into a blue bin you probably don’t expect it to be exported across the world to be dumped or burned. But that’s exactly what could happen. Exclusive images provided by Greenpeace show mountains of plastic packaging dumped next to palm plantations, near waterways and burned on the roadside…
[ad_1] The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke (Reuters) – Chinese billionaire Li Shufu’s Geely Group cut its 9.7 percent stake in carmaker Daimler AG (DAIGn.DE) by more than half, Bloomberg reported on Friday, citing people familiar with the matter. Li had taken…
[ad_1] JAKARTA (Reuters) – Indonesia is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Go-Jek receive, two government officials said this week, creating potential obstacles for the companies’ expansion. FILE PHOTO – Go-Jek driver helmets are seen during Go-Food festival in Jakarta, Indonesia, October 27, 2018.…
[ad_1] HONG KONG/NEW YORK (Reuters) – Chinese conglomerate Dalian Wanda Group has filed confidentially for a U.S. initial public offering of its sports unit that could fetch up to $500 million, according to sources with direct knowledge of the matter. Dalian Wanda Group’s Wanda Plaza is seen in Changzhou, Jiangsu province, China January 30, 2018.…
[ad_1] LONDON (Reuters) – It was meant to be the first year in nearly a decade that the world’s central banks took more cash out of markets than they pumped in. Instead, China — and slowing growth elsewhere — may ensure yet another year of positive liquidity flows. FILE PHOTO: People walk past the headquarters…
[ad_1] TOKYO (Reuters) – Tokyo prosecutors indicted former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on two new charges of financial misconduct on Friday, his lawyer said, adding to the legal challenges for the once-feted auto executive. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends at the Tomorrow In…
[ad_1] NEW YORK/HONG KONG (Reuters) – Goldman Sachs Group Inc (GS.N) is considering paying big multinational corporations more for their deposits than other banks as it paves the way for its entry into a mundane but prized business: managing cash. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen…
[ad_1] (Reuters) – A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett’s Berkshire Hathaway Inc, may pursue its lawsuit to stop W.B. Mason Co from selling “Blizzard” bottled spring water, the name it uses for a popular ice cream product. FILE PHOTO: Berkshire Hathaway CEO Warren Buffett enjoys an…
[ad_1] FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends at the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Nissan Motor Co Ltd (7201.T) has terminated the lease to ex-Chairman Carlos…
[ad_1] SAN FRANCISCO (Reuters) – Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc of playing a direct role in covering up sexual misconduct claims against two former executives over the last five years. Google signage is seen at the Google headquarters in the Manhattan borough of New York City,…
[ad_1] TOKYO (Reuters) – Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to higher levels. FILE PHOTO: Attendees take pictures of a stock quotation board after a ceremony…
[ad_1] MUMBAI/NEW DELHI (Reuters) – A court ruling in India this week that upheld a Monsanto patent on genetically modified (GM) cotton seeds has raised hopes among farmers that the company would now launch its next-generation seeds, the application for which it pulled two years ago. FILE PHOTO: Monsanto is displayed on a screen where…
[ad_1] A court sketch, drawn by Nobutoshi Katsuyama, shows ousted Nissan Motor Co Ltd chairman Carlos Ghosn during an open hearing to hear the reason for his continued detention, at Tokyo District Court in Tokyo, Japan, in this image released by Kyodo January 8, 2019. Mandatory credit Kyodo/via REUTERS ATTENTION EDITORS – THIS IMAGE WAS…
[ad_1] FILE PHOTO: Peter Weinberg, head of advisory at Perella Weinberg Partners, speaks during a Reuters Breakingviews panel in New York, U.S. January 10, 2017. REUTERS/Lucas Jackson (Reuters) – Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company’s chairman,…
[ad_1] WASHINGTON (Reuters) – William Barr, nominated by President Donald Trump to become U.S. attorney general, plans to recuse himself from a major antitrust case, according to people who spoke with him on Thursday, as he navigates possible conflicts of interest presented by about $37 million in assets he amassed as a private-sector lawyer. U.S.…
[ad_1] WASHINGTON (Reuters) – Cadillac is expected to become General Motors Co’s (GM.N) lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc (TSLA.O), two people briefed on the matter said Thursday. The Cadillac booth displays the company logo at the…
[ad_1] Paul Godfrey is stepping down as CEO of Postmedia Network Canada Corp. but will remain as executive chairman of the company, which owns the National Post, other newspapers and digital publications. Andrew MacLeod, who has been Godfrey’s second in command since 2016, becomes Postmedia’s chief executive officer. The announcements came as the owner of the…
[ad_1] NEW YORK (Reuters) – Johnson & Johnson (JNJ.N) raised U.S. prices on around two dozen prescription drugs on Thursday, including the psoriasis treatment Stelara, prostate cancer drug Zytiga and blood thinner Xarelto, all among its top-selling products. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike…
[ad_1] A Ford Transit Chariot van in London, Britain, January 31, 2018. REUTERS/Peter Summers (Reuters) – Ford Motor Co’s (F.N) ride-share service Chariot is ceasing its operations in the United States and the UK by the end of March, Chariot said in a blog post on Thursday. The move is a setback for Ford, which…
[ad_1] (Reuters) – Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks. Powell reiterated the views of other policymakers that the Fed would be patient about…
[ad_1] The prime minister’s inner circle is ramping up another lobbying push in Washington to terminate American tariffs on steel and aluminum. Two senior government sources say that ministers with connections to American national security portfolios will be tasked with reaching out to specific U.S. officials to push Canada’s anti-tariff message. The campaign is based on Canada’s long-standing…
[ad_1] 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 SAO PAULO (Reuters) – The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer SA (EMBR3.SA) and Boeing Co (BA.N)…
[ad_1] Amazon.com Inc. shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists at the world’s richest person, worth an estimated $136.2 billion US, said via Twitter on…
[ad_1] (Reuters) – Shares of Macy’s Inc (M.N) plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the full year due to weak demand during mid-December. Sales from Macy’s stores and third-party licensees open for more than 12 months is now expected to grow about 2…
[ad_1] LONDON (Reuters) – Carmaker Rolls-Royce called on the British government to avoid a disorderly Brexit and said it was building up some stock, expanding warehouse capacity and training suppliers for customs changes in case Britain leaves the EU without a deal. Britain, the world’s fifth largest economy, is due to leave the globe’s biggest…
[ad_1] NEW YORK (Reuters) – Amazon.com Inc (AMZN.O) shares see-sawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. FILE PHOTO: 2018 Vanity Fair Oscar Party – Arrivals – Beverly Hills, California, U.S.,…
[ad_1] Investors will be looking for new clues on U.S. interest rate policy when Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Washington on Thursday afternoon. The Fed chair will be taking questions in what will be his first major comments since the central bank took a decidedly more cautious tone about its…
[ad_1] Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million US to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, according to court filings on Thursday. The settlement includes $311 million in total civil penalties, up…
[ad_1] WASHINGTON (Reuters) – U.S. Senator Bernie Sanders and Representative Elijah Cummings introduced legislation on Thursday aimed at lowering the cost of prescription drugs for American consumers, critiquing President Donald Trump administration’s efforts to curb medicine prices. FILE PHOTO: A pharmacy employee looks for medication as she works to fill a prescription while working at…
[ad_1] (Reuters) – Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the company, according to a regulatory filing made on Thursday, significantly increasing the likelihood the U.S. department store will be able to stay in business. FILE PHOTO: A dismantled sign sits leaning outside a…
[ad_1] A Surrey woman who was largely banned from the investment industry because of her involvement in a Ponzi scheme has been sent to jail for 30 days for failing to appear at a court hearing. Former financial consultant Renee Michelle Penko was ordered to pay an administrative penalty of $40,000 and another $155,000 in…
[ad_1] Ford Motor Co. says it is cutting jobs in Europe in a wide-ranging restructuring as it focuses on its most profitable models and shifts production towards electric cars. In a statement, the company said Thursday that “structural cost improvements will be supported by a reduction of surplus labour,” both hourly and salaried. The Dearborn,…
[ad_1] NEW YORK (Reuters) – HSBC Holdings Plc (HSBA.L) has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015. FILE PHOTO: The HSBC logo is seen at their offices at Canary Wharf financial district in…
[ad_1] LONDON (Reuters) – Trading and mining giant Glencore (GLEN.L) has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding them since late 2015, trading sources with direct knowledge said. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar,…
[ad_1] (Reuters) – U.S. stocks were set to open lower on Thursday after a solid four-day rally, as lack of details on U.S.-China trade talks and disappointing holiday-season reports from retailers weighed on the mood. FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January…
[ad_1] FILE PHOTO: An American Airlines plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake (Reuters) – American Airlines Group Inc (AAL.O) on Thursday cut its estimate for a closely watched revenue metric for the fourth quarter, raising concerns that travel demand in the U.S.…
[ad_1] OneLogin is not a young startup by any means. The identity access management company was founded in 2009 and has watched while companies like Ping Identity, Duo Security and Okta had tidy exits. But as CEOs are fond of pointing out, the total addressable market is large and where investors see a chance, they…
[ad_1] FILE PHOTO: The Deutsche Bank app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/File Photo FRANKFURT (Reuters) – Hamburg-based bank M.M. Warburg & Co said on Thursday it had filed a lawsuit against Deutsche Bank (DBKGn.DE) seeking 46 million euros ($53.04 million) that the bank was…
[ad_1] LONDON (Reuters) – The early-year rally in world stocks ran out of steam in Europe on Thursday and the dollar touched a near-three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of…
[ad_1] FILE PHOTO: A Target shopping cart is seen in front of a store logo in Azusa, California U.S. November 16, 2017. REUTERS/Lucy Nicholson (Reuters) – Retailer Target Corp (TGT.N) said on Thursday comparable sales grew 5.7 percent for the last two months of the year on the back of a strong holiday selling season…
[ad_1] BERLIN (Reuters) – Volkswagen (VOWG_p.DE) sold a record 6.24 million of its VW-branded vehicles last year despite delivery problems caused by new anti-pollution rules, but warned the company would continue to face considerable challenges in 2019. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American…
[ad_1] TOKYO (Reuters) – Japanese prosecutors plan to indict former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on two more charges of financial misconduct on Friday, a person with knowledge of the issue said, bringing the total number to three. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press…
[ad_1] FILE PHOTO: The Ford logo is seen at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton FRANKFURT (Reuters) – Ford (F.N) on Thursday said it will cut thousands of jobs, exit unprofitable markets and discontinue loss-making vehicle lines as part of…
[ad_1] A logo of insurer Axa is seen at the entrance of the company’s headquarters in Brussels, Belgium March 5, 2018. REUTERS/Yves Herman PARIS (Reuters) – French insurer AXA (AXAF.PA) will move staff over to Ireland from France and the United Kingdom, in light of Britain’s plans to leave the European Union. Chief Executive Thomas…
[ad_1] In some ways, it’s like Dutch disease all over again, and just like before, the current two-speed economy in Canada has the potential to exacerbate national divisions. Dutch disease, famously diagnosed in this country by the NDP’s Thomas Mulcair in 2012 — and for which the Opposition leader was roundly attacked — set supporters of the booming oil…
[ad_1] TOKYO (Reuters) – Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks seesawed as markets awaited some details on this week’s U.S.-China trade talks amid hopes an all-out trade war can be averted. FILE PHOTO: A woman points to an electronic board…
[ad_1] FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Damir Sagolj/File Photo/File Photo BEIJING (Reuters) – China and the United States made progress during their recent trade talks over structural issues such as…
[ad_1] Workers set up the booth for British car manufacturer Jaguar Land Rover’s Jaguar brand inside the National Exhibition and Convention Center, the venue for the upcoming China International Import Expo (CIIE), in Shanghai, China October 28, 2018. Picture taken October 28, 2018. China Daily via REUTERS LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land…
[ad_1] TOKYO (Reuters) – Asian shares edged up on Thursday as stimulus expectations and a rise in the yuan helped Chinese equities erase early losses, while markets awaited more news on U.S.-China trade talks amid hopes that an all-out trade war can be averted. FILE PHOTO: A woman points to an electronic board showing stock…
[ad_1] (Reuters) – Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers. Volkswagen logos are pictured…
[ad_1] SHANGHAI/BEIJING (Reuters) – Trade talks between China and the United States this week were extensive, and helped establish a foundation for the resolution of each others’ concerns, China’s commerce ministry said on Thursday, but gave no details on the issues at stake. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China…
[ad_1] BEIJING/WASHINGTON (Reuters) – U.S. officials used three days of trade talks in Beijing to demand more details on China’s pledge to make big purchases of American goods, as well as to push for ways to hold China to any commitments on changes to industrial policies. The meetings in China were the first face-to-face negotiations…
[ad_1] WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess emissions, three people briefed on the matter said on Wednesday. FILE PHOTO: A Fiat Chrysler…
[ad_1] NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the U.S. department store operator will escape liquidation. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one…
[ad_1] Take a glance at the vehicle displays shown at CES — the global technology conference going on in Las Vegas — and you could be forgiven for thinking you are at the movies. “This is not science fiction!” announced the head of Byton, an electric vehicle startup, onstage earlier this week. CEO and chairman Carsten Breitfeld was…
[ad_1] HAMBURG/DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies, two people familiar with the plan said on Wednesday. FILE PHOTO: A car…
[ad_1] MEXICO CITY (Reuters) – Gasoline shortages in Mexico sparked by a crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the shortfalls persist as lines at gas stations in the capital grew on Wednesday. The drive to eradicate a crime that has deprived state coffers of billions…
[ad_1] NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the U.S. department store operator will escape liquidation. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one…
[ad_1] The logo of Deutsche Bank is seen at its headquarters ahead of the bank’s annual general meeting in Frankfurt, Germany May 18, 2017. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Germany’s financial markets watchdog is requiring Deutsche Bank to re-examine the files of about 20,000 risky clients by the end of June as part of its…
[ad_1] 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 SAN FRANCISCO (Reuters) – A U.S. judge on Wednesday issued a proposed order to restrict utility PG&E (PCG.N) from using power lines deemed to be unsafe during high winds in…
[ad_1] AWS launched DocumentDB today, a new database offering that is compatible with the MongoDB API. The company describes DocumentDB as a “fast, scalable, and highly available document database that is designed to be compatible with your existing MongoDB applications and tools.” In effect, it’s a hosted drop-in replacement for MongoDB that doesn’t use any…
[ad_1] Federal and provincial ministers will arrive in Sault Ste. Marie, Ont. Thursday afternoon to announce financing for new investments at Algoma Steel Inc. as it emerges from three years of bankruptcy protection. The restructuring of the company — Canada’s second-largest steel producer — took place under challenging and uncertain circumstances. There’s no sign of U.S. steel tariffs…
[ad_1] Canada’s main stock index posted its strongest four-day gain in three years Wednesday as it was propelled by a large increase in the price of crude oil and the Bank of Canada’s latest rate announcement. The Toronto Stock Exchange continued its rebound from a dreadful autumn and tough December helped by positive news about…
[ad_1] The Bank of Canada acknowledged Wednesday the struggles of the oilpatch are weighing on the broader economy, adding that investment in the sector is “projected to weaken further.” The central bank, which announced it will keep its key interest rate unchanged at 1.75 per cent, said global benchmark oil prices have been about 25 per cent…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau PARIS (Reuters) – Carlos Ghosn, chief executive of French carmaker Renault and ex Nissan chairman, has not had…
[ad_1] NEW YORK (Reuters) – Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth. FILE PHOTO: Traders work on the floor of the…
[ad_1] FILE PHOTO: John Lasseter, Chief Creative Officer of Walt Disney and Pixar Animation Studios, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January 8, 2017. REUTERS/Brendan McDermid (Reuters) – U.S. film production company Skydance Media on Wednesday named Walt Disney Co’s (DIS.N) former animation head and co-founder of Pixar, John…
[ad_1] It seems Netflix is considering creating a production hub in Toronto. Asked whether the video streaming giant is interested in setting up shop in the city, Mayor John Tory suggested to The Canadian Press it’s a strong possibility. “I have a very high level of confidence, without betraying confidences that aren’t yet concrete, that…
[ad_1] NEW YORK (Reuters) – The Chrysler Building, an Art Deco masterpiece that has been a defining image of New York City’s skyline for decades, has been put up for sale, a minority owner of the building and a broker hired to market the property said on Wednesday. New York City’s iconic Chrysler Building that…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) has responded to comments made by Apple Inc (AAPL.O) Chief Executive Tim Cook in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook’s remarks “misleading.” People walk by a video display…
[ad_1] At CES, the Chinese tech giant Baidu today announced OpenEdge, its open source edge computing platform. At its core, OpenEdge is the local package component of Baidu’s existing Intelligent Edge (BIE) commercial offering and obviously plays well with that service’s components for managing edge nodes and apps. Since this is obviously a developer announcement,…
[ad_1] (Reuters) – Amazon.com Inc founder and Chief Executive Jeff Bezos, the world’s richest man, and wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple said on Twitter on Wednesday. Jeff Bezos, 54, has a fortune that has soared as high as $160 billion thanks to his stake in Amazon, which again…
[ad_1] Conventional wisdom would suggest that in 2019, the public cloud dominates and enterprise data centers are becoming an anachronism of a bygone era, but new data from Synergy Research finds that the enterprise data center market had a growth spurt last year. In fact, Synergy reported that overall spending in enterprise infrastructure, which includes…
[ad_1] The price of pot has risen more than 17 per cent since it become legal for non-medical use, according to Statistics Canada. With more folks lighting up, and thorny supply issues in some provinces, demand has pushed the price to $8.02 per gram from $6.83. Using an updated version of its crowdsourcing app, Statistics Canada collected price…
[ad_1] The Bank of Canada kept its benchmark interest rate unchanged at 1.75 per cent Wednesday, despite a few dark clouds appearing on Canada’s economic horizon. The bank has raised its key rate five times since the summer of 2017, attempting to keep inflation in an acceptable range, typically between one and three per cent annually.…
[ad_1] Sales of luxury properties declined sharply in three of Canada’s biggest cities last year as homebuyers retreated amid tightened mortgage guidelines and higher interest rates. A report released today found that Vancouver, Toronto and Calgary saw large drops in high-end real estate sales in 2018 as the markets dealt with a number of headwinds…
[ad_1] Bombardier Inc. has signed a $669-million US deal to provide 113 commuter rail cars to New Jersey. The company says the contract will yield no additional work in Canada, with Buy American rules prompting Bombardier’s plant in Plattsburgh, N.Y., to build the multi-level cars, rather than its facility in Quebec. As of 2018, at…
[ad_1] Collaboration tools tend to be geared towards workers who are sitting at a desk for much of the day, but there are plenty of shift workers, also known as first line workers, who rarely use a computer, but still need to communicate with one another and management. Microsoft released several new features today aimed…
[ad_1] Stocks around the world built on their early 2019 rally Wednesday after negotiators from the U.S. and China extended their trade talks to a third day, which investors took as a sign the discussions were productive even though no major breakthroughs have been announced. Oil prices also continued to climb and stocks linked to…
[ad_1] Canada Mortgage and Housing Corp. says the annual pace of housing starts fell last month. The seasonally adjusted annual rate of housing starts in Canada was 213,419 units in December, down from 224,349 in November. Economists had expected an annual rate of 205,000, according to Thomson Reuters Eikon. The annual pace of urban starts…
[ad_1] CHATTANOOGA, Tenn. (Reuters) – Firms are growing cautious and hesitant to invest, a likely drag on growth in 2019 that should leave the Fed patient about further rate increases until there is “greater clarity” about the direction of the economy, Atlanta Federal Reserve bank president Raphael Bostic said on Wednesday. FILE PHOTO: Federal Reserve…
[ad_1] (Reuters) – U.S. stock index futures rose on Wednesday, setting up Wall Street for a fourth straight day of gains, as rising expectations of a trade deal between the United States and China boosted demand for risk assets across the world. FILE PHOTO: Traders work on the floor of the New York Stock Exchange…
[ad_1] TransCanada Corp. is changing its name to TC Energy. The pipeline and utilities company says the change better reflects the scope of its operations across North America. TransCanada chief executive Russ Girling says TC Energy “clearly articulates” the company’s business which includes pipelines, power generation and energy storage operations in Canada, the United States…
[ad_1] FILE PHOTO: The Chrysler building is pictured in the Manhattan borough of New York City, New York, U.S. June 4, 2017. REUTERS/Carlo Allegri (Reuters) – The owners of New York City’s Chrysler Building have hired real estate services firm CBRE Group Inc (CBRE.N) to market the property, the Wall Street Journal reported on Wednesday,…
[ad_1] Aurora Cannabis Inc. says it expects to report second-quarter revenue of between $50 million and $55 million and positive earnings growth. Analysts had expected revenue at the marijuana producer to total about $67 million for the quarter that ended Dec. 31, according to Thomson Reuters Eikon. Aurora says the result for the quarter is…
[ad_1] B.C. financial authorities have identified a woman accused of acting as a ‘shadow’ mortgage broker by feeding altered tax documents to licensed professionals on behalf of dozens of people who wouldn’t otherwise qualify for loans. The province’s acting registrar of mortgage brokers claims investigations into three brokers identified 44 files containing documents that were either completely fake or altered to…
[ad_1] (Reuters) – Apple Inc (AAPL.O), which slashed its quarterly sales forecast last week, has reduced planned production for its three new iPhone models by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday. FILE PHOTO: People look at iPhones at the World Trade Center Apple Store during a Black…
[ad_1] HONG KONG (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] on Wednesday said it had sold a majority stake in a Manhattan building in a $422 million deal, the latest in a slew of asset disposals undertaken by the group to ease an intensifying cash crunch. FILE PHOTO: A HNA Group logo is seen on…
[ad_1] LONDON (Reuters) – World stocks extend their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears an all-out trade war could hit a slowing global economy. FILE PHOTO: The London Stock Exchange Group…
[ad_1] HONG KONG (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] on Wednesday said it had sold a majority stake in a Manhattan building, the latest in a slew of asset disposals undertaken by the group to ease an intensifying cash crunch. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza…
[ad_1] The Bank of Canada isn’t expected to change its benchmark interest rate when it reveals its latest decision Wednesday, but that doesn’t mean the bank’s policy-makers think nothing has changed in the country’s economy. The bank’s rate, known as the target for the overnight rate, is the interest rate it charges retail banks for…
[ad_1] BEIJING (Reuters) – Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoided. A woman walks past a bench painted in the colours of…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province,…
[ad_1] TOKYO (Reuters) – Asian shares climbed to a 3-1/2-week high on Wednesday and European and U.S. markets looked set to follow on growing optimism that the United States and China were inching toward a trade deal that could lift a major threat to the global economy. A man walks past an electronic stock quotation…
[ad_1] FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer/File Photo TOKYO (Reuters) – The Tokyo District Court has rejected a request by lawyers of Carlos Ghosn to end the detention of the ousted Nissan Motor Co Ltd chairman, who…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) on Tuesday responded to comments Apple Inc (AAPL.O) Chief Executive Tim Cook made in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook’s remarks “misleading.” People walk by a video display…
[ad_1] BEIJING (Reuters) – The U.S. trade delegation in Beijing is “wrapping up” meetings with Chinese officials and will return to the United States later on Wednesday after a “good few days”, a U.S. official said. A woman walks past a bench painted in the colours of the U.S. flag outside a clothing store in…
[ad_1] Baidu made several big announcements about Apollo, its open-source autonomous vehicle technology platform, today at CES. The first is the launch of Apollo Enterprise for vehicles that will be put into mass production. The company claims that Apollo is already used by 130 partners around the world. One of its newest partners, Chinese electric…
[ad_1] SINGAPORE (Reuters) – Oil prices rose more than 1 percent on Wednesday, extending gains from the previous session on signs that Washington and Beijing may soon resolve a trade dispute that has cast a pall over the global economy. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province,…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer U.S. West…
[ad_1] WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) is nearing a settlement to resolve the U.S. Justice Department’s allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel vehicles to pollute beyond legal limits, a person briefed on the matter said on Tuesday. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign…
[ad_1] People walk by a video display promoting 5G connectivity at the Qualcomm booth during the 2019 CES in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve Marcus (Reuters) – Qualcomm Inc said on Tuesday Apple Inc Chief Executive Officer Tim Cook’s comment that there was no recent settlement discussions between the iPhone maker and…
[ad_1] TOKYO (Reuters) – Asian shares climbed to a 3-1/2-week high on Wednesday, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan,…
[ad_1] FILE PHOTO: People look at iPhones at the World Trade Center Apple Store during a Black Friday sales event in Manhattan, New York City, U.S., Nov. 23, 2018. REUTERS/Andrew Kelly/File Photo (Reuters) – Apple Inc (AAPL.O) is cutting planned production for its three new iPhone models by about 10 percent for the March quarter,…
[ad_1] (Reuters) – California utility PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it could face billions of dollars in potential liabilities if it is held responsible for fatal wildfires in 2018 and 2017, people familiar with the matter have told Reuters. FILE PHOTO: A PG&E truck…
[ad_1] TOKYO (Reuters) – Asian shares inched up on Wednesday, supported by optimism the United States and China can strike a trade deal to avoid an all-out confrontation that will severely disrupt the global economy. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai/File…
[ad_1] FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song BEIJING (Reuters) – Trade talks between China and the United States will continue on Wednesday, a U.S. government official told reporters. U.S. and Chinese officials are conducting talks in Beijing, their first since U.S. President Donald Trump…
[ad_1] CARACAS (Reuters) – Venezuela’s opposition-run congress on Tuesday issued a resolution calling deals between state-run oil company PDVSA [PDVSA.UL] and U.S. and French companies announced this week illegal, since they had not been sent to lawmakers for approval. FILE PHOTO: A view of a gas station of the Venezuelan state-owned oil company PDVSA in…
[ad_1] LAS VEGAS (Reuters) – As vehicles get smarter, your car will be keeping eyes on you. This week at CES, the international consumer electronics show in Las Vegas, a host of startup companies will demonstrate to global automakers how the sensor technology that watches and analyzes drivers, passengers and objects in cars will mean…
[ad_1] Canadian mortgage growth will be flat or in the low single digits for the “foreseeable future,” according to the Canadian Imperial Bank of Commerce’s chief executive. When asked during a Toronto industry conference whether Canadian mortgage growth could turn negative, Victor Dodig replied: “That depends if the housing market goes for a really negative…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States and China will continue trade talks in Beijing for an unscheduled third day, U.S. officials said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. People familiar with the talks said the world’s two largest…
[ad_1] International Trade Diversification Minister Jim Carr’s office has confirmed he’s attending the next gathering of 13 members of the World Trade Organization looking to reform the institution in the face of ongoing threats to the rules-based multilateral trading system. Canada will join a dozen other WTO members on the sidelines of the World Economic…
[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – The S&P 500 climbed to a three-week high on Tuesday, led by Apple, Amazon, Facebook and a rally in industrials on bets that the United States and China…
[ad_1] Managed By Q, the office management platform that launched back in 2013, has today revealed that it raised an additional $25 million as a part of its Series C, led by existing investors RRE and Google Ventures, with participation from new investors DivCo West, Oxford Properties and others. The fresh capital brings the total…
[ad_1] NEW YORK (Reuters) – Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from billionaire Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old U.S. department-store chain. Lampert’s latest attempt to rescue Sears came after his previous $4.4 billion bid fell short, prompting…
[ad_1] Rising interest rates appear to be taking a toll on Canadians’ finances as the total number of insolvencies filed under the Bankruptcy and Insolvency Act increased by 5.2 per cent in November from the prior year. The Office of the Superintendent of Bankruptcies says the number of consumer insolvencies rose by 5.1 per cent,…
[ad_1] Unifor national president Jerry Dias and representatives from General Motors are scheduled to meet Tuesday to discuss the automaker’s decision to shut down its Oshawa assembly plant. The meeting is taking place at the company’s Detroit headquarters, though it is not yet clear who will be representing GM during the face-to-face encounter. Dias is expected…
[ad_1] Amazon has reportedly acquired Israeli disaster recovery startup CloudEndure. Neither company has responded to our request for confirmation, but we have heard from multiple sources that the deal has happened. While some outlets have been reporting the deal was worth $250 million, we are hearing it’s closer to $200 million. The company provides disaster recovery for…
[ad_1] The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centres on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm’s owner, a holding company registered in Mauritius. U.S. authorities allege…
[ad_1] While IBM is getting sued by the city of Los Angeles, accusing it of covertly mining user data in the Weather Channel app in the US, it’s testing the waters for another hyperlocal weather feature that — coincidentally — relies on data that it picks up from sensors on app users’ smartphones, among other…
[ad_1] FILE PHOTO: The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid (Reuters) – Verizon Communications Inc on Tuesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, adding 650,000 customers in the fourth quarter. The largest U.S.…
[ad_1] At CES, IBM today announced its first commercial quantum computer for use outside of the lab. The 20-qubit system combines into a single package the quantum and classical computing parts it takes to use a machine like this for research and business applications. That package, the IBM Q system, is still huge, of course,…
[ad_1] WASHINGTON (Reuters) – U.S. job openings fell in November, pulled down by sharp declines in construction and other services, but did little to change views that the economy is facing a shortage of workers. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S., January…
[ad_1] The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. IBM unveils its first commercial quantum computer The 20-qubit system combines the quantum and classical computing parts it takes to use…
[ad_1] (Reuters) – U.S. stocks struggled to hold on to gains on Tuesday as chip stocks took a beating from Samsung’s profit warning and financials fell, denting optimism over U.S.-China trade talks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 7, 2019. REUTERS/Brendan McDermid…
[ad_1] Canada’s merchandise trade deficit more than doubled in November as exports fell led by a drop in crude oil prices. Statistics Canada said Tuesday that the country’s trade deficit increased to $2.1 billion in November compared with $851 million in October. Economists had expected a deficit of $1.95 billion, according to Thomson Reuters Eikon.…
[ad_1] Aurora Cannabis Inc. says it expects to report second-quarter revenue of between $50 million and $55 million. Analysts had expected revenue at the marijuana producer to total about $67 million for the quarter ended Dec. 31, 2018, according to Thomson Reuters Eikon. Aurora says the result for the quarter is up from $11.7 million…
[ad_1] Shoppers Drug Mart’s e-commerce platform for medical cannabis launched Tuesday, a month after Health Canada licenced the company to sell the product online. Product information is available nationally, but Shoppers Drug Mart can initially only sell medical cannabis to patients in Ontario. Patients will be required to take a medical document similar to a…
[ad_1] Sears Holdings Corp. will ask a bankruptcy judge on Tuesday if it can proceed with liquidation after it could not reach an agreement on Chairman Edward Lampert’s $4.4 billion US takeover bid, casting doubt on the survival of the 126-year-old U.S. department store chain, people familiar with the matter said. Should Sears liquidate its…
[ad_1] (Reuters) – The clock may be fast running out on Sears Holdings Corp, but you wouldn’t know it from the company’s feisty posts on Twitter. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day after it closed as part of multiple store closures by Sears Holdings Corp in the…
[ad_1] FILE PHOTO: U.S. President Donald Trump walks before speaking to the media as he returns from Camp David to the White House in Washington, U.S., January 6, 2019. REUTERS/Joshua Roberts WASHINGTON (Reuters) – President Donald Trump on Tuesday expressed longing for the lower interest rates that the Federal Reserve put in place during the…
[ad_1] (Reuters) – U.S. stock index futures pointed to a third consecutive day of gains for Wall Street on Tuesday, lifted by expectations that the United States and China would strike a deal to end their months-long trade war that has battered financial markets. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] BEIJING (Reuters) – A second day of U.S.-China trade talks in Beijing extended into Tuesday evening, a source with knowledge of the meetings said, as the world’s two largest economies looked to resolve a bitter trade dispute. The source confirmed to Reuters that talks were “ongoing”, but few other details had emerged. U.S. Commerce…
[ad_1] FILE PHOTO: A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, South Korea, October 27, 2016. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s LG Electronics Inc (066570.KS) said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a…
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) operationally hit its main industrial target of 800 aircraft deliveries in 2018 after record handovers in December, two people briefed on the matter said. FILE PHOTO: An Airbus A330neo is pictured on its final assembly line at Airbus headquarters in Colomiers, near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau/File…
[ad_1] LONDON (Reuters) – A solid start from Europe kept world stocks at a three-week high on Tuesday after Asia was knocked back by a shock profit warning from tech giant Samsung and a tick-up in borrowing costs. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Job openings are outnumbering unemployed workers across increasingly wide swaths of the United States, forcing businesses to rethink how they find workers, which could keep pressure on the Federal Reserve to raise interest rates despite a global economic slowdown. FILE PHOTO: A help wanted sign is posted at a taco…
[ad_1] FILE PHOTO: A Ryanair Boeing 737-800 plane takes off from Palma de Mallorca airport in Palma de Mallorca, Spain, July 28, 2018. REUTERS/Paul Hanna/File Photo DUBLIN (Reuters) – Unions representing Ryanair (RYA.I) cabin crew in Spain called off plans to strike on Tuesday to allow time for further talks, the SITCPLA and USO unions…
[ad_1] Trading information is displayed on a screen at the post where Monsanto Co. is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 25, 2016. REUTERS/Brendan McDermid MUMBAI (Reuters) – A nationalist group close to Indian Prime Minister Narendra Modi’s party said on Tuesday it would…
[ad_1] NEW DELHI (Reuters) – India’s Supreme Court ruled on Tuesday that U.S. seed maker Monsanto can claim patents on its genetically modified (GM) cotton seeds in the world’s biggest producer of the fibre. FILE PHOTO – Monsanto logo is displayed on a screen where the stock is traded on the floor of the New…
[ad_1] (Reuters) – S&P Global Ratings on Monday stripped California power utility PG&E Corp of its investment-grade credit rating and kept it under review for a further downgrade, citing political and regulatory pressure and uncertainty as it faces massive claims stemming from deadly wildfires. PG&E crew work on power lines to repair damage caused by…
[ad_1] Jim Tran, senior vice president and general manager go handset products for Qualcomm, speaks on the 5G collaboration between Qualcomm and LG during an LG Electronics news conference at the 2019 CES in Las Vegas, Nevada, U.S. January 7, 2019. REUTERS/Steve Marcus SEOUL (Reuters) – South Korea’s LG Electronics Inc (066570.KS) said on Tuesday…
[ad_1] FILE PHOTO – Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. on May 9, 2016. REUTERS/Brendan McDermid/File Photo NEW DELHI (Reuters) – India’s Supreme Court on Tuesday allowed Monsanto to claim patents on its genetically…
[ad_1] (Reuters) – Activist hedge fund Starboard Value LP on Monday called on Dollar Tree Inc (DLTR.O) to sell its underperforming Family Dollar business and proposed replacing a majority of the board after revealing a stake in the U.S. discount retailer. FILE PHOTO: A customer walks out of a Dollar Tree discount store in Austin,…
[ad_1] TOKYO (Reuters) – The following are prepared remarks by Carlos Ghosn, ex-chairman of Nissan Motor Co, for his court appearance in Tokyo on Tuesday regarding allegations against him of aggravated breach of trust. The statement was released by Ghosn’s lawyers in the United States. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan…
[ad_1] SEOUL (Reuters) – Samsung Electronics surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to “ease confusion” among investors already fretting about a global tech slowdown. The logo of Samsung Electronics is seen at its office building in Seoul, South…
[ad_1] TOKYO (Reuters) – Most Asian shares were propped up on Tuesday by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further. A man looks at an electronic board showing the Nikkei stock index outside a brokerage in…
[ad_1] TOKYO (Reuters) – Nissan Motor Co Ltd’s ousted Chairman Carlos Ghosn declared he was innocent on Tuesday in his first public appearance since his arrest in November, telling a Tokyo court that he was wrongly accused of financial misconduct. A court sketch, drawn by Nobutoshi Katsuyama, shows ousted Nissan Motor Co Ltd chairman Carlos…
[ad_1] (Reuters) – Eli Lilly (LLY.N) said on Monday it will buy Loxo Oncology Inc (LOXO.O) for $8 billion, an expensive bet on a pipeline of cancer drugs that target rare genetic mutations and the biggest acquisition in the drugmaker’s 143-year history. The price represents a 68 percent premium to Loxo’s Friday share price close,…
[ad_1] (Reuters) – SoftBank Group Corp (9984.T) will inject another $2 billion in WeWork Cos Inc this year, bringing the Japanese conglomerate’s total investment in the office space provider to more than $10 billion, according to two people familiar with the matter. FILE PHOTO – SoftBank Corp. placard is prepared during a ceremony to mark…
[ad_1] Prime Minister Justin Trudeau and U.S. President Donald Trump discussed Washington’s tariffs on Canadian steel and aluminum on Monday but no talks on lifting the sanctions are planned, a Canadian source familiar with the matter said. After the conversation between Trudeau and Trump, the Prime Minister’s Office released a statement saying the two leaders had “discussed…
[ad_1] CARACAS (Reuters) – Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla, partly owned by a prominent Florida Republican, to help increase the socialist-run country’s plummeting crude oil output, the company said. FILE PHOTO: The corporate logo of the Venezuelan state-owned oil company PDVSA is seen at…
[ad_1] TOKYO (Reuters) – Asian shares rose for the third straight session on Tuesday as investors bet that Washington and Beijing are inching toward a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further. A man looks at an electronic board showing the Nikkei stock index outside a…
[ad_1] SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd on Tuesday estimated a 29 percent drop in quarterly operating profit, its first decline in two years, as it flagged tough memory chip and mobile phone markets in a rare commentary. The logo of Samsung Electronics is seen at its office building in Seoul, South…
[ad_1] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith (Reuters) – Nvidia Corp on Monday announced its Drive AutoPilot platform, with artificial intelligence technologies, that can enable the next level of self-driving cars by 2020, further strengthening its position in the industry. The…
[ad_1] BEIJING/WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross predicted on Monday that Beijing and Washington could reach a trade deal that “we can live with” as dozens of officials from the world’s two largest economies resumed talks in a bid to end their trade dispute. Ross told CNBC the immediate trade issues would be…
[ad_1] The difficulties in Alberta’s oil-and-gas market are likely pushing more people to file for insolvency, a bankruptcy expert says. In the past year, nearly 11,000 more Albertans filed either a consumer proposal or bankruptcy, up 8.4 per cent over the year before, according to new figures from the federal Office of the Superintendent of Bankruptcy. The statistics…
[ad_1] Canada’s largest telecommunications group is getting mixed reviews for its plan to follow the lead of companies like Google and Facebook in collecting massive amounts of information about the activities and preferences of its customers. Bell Canada began asking its customers in December for permission to track everything they do with their home and…
[ad_1] The heated debate around Amazon’s recently announced Long Island City “HQ2” is showing no signs of cooling down. On Monday morning, the Retail, Wholesale and Department Store Union (RWDSU) hosted a briefing in which labor officials, economic development analysts, Amazon employees and elected New York State and City representatives further underlined concerns around the…
[ad_1] General Motors (GM) has spoken to Unifor national president Jerry Dias Monday and a face-to-face meeting has been scheduled for Tuesday afternoon in Detroit, Mich., about the future of GM’s Oshawa, Ont., plant. A response was expected from the company Monday after a December meeting between the two parties, on whether GM would be willing…
[ad_1] World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources. Kim, nominated by former U.S. President Barack Obama for two five-year terms, had pushed financing for green…
[ad_1] NEW YORK (Reuters) – Morgan Stanley, Fidelity Investments, Citadel Securities LLC and a host of other financial companies plan to launch a low-cost bourse that will compete with the New York Stock Exchange and Nasdaq. FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan,…
[ad_1] The former chief executive of licensed producer CanniMed Therapeutics Inc. has a budding new cannabis business largely made up of his former employees — but his newest venture won’t involve growing pot. Brent Zettl says his biopharmaceutical company Zyus Life Sciences Inc. will instead buy cannabis from licensed producers and focus on extraction and…
[ad_1] (Reuters) – Gains in technology and consumer discretionary stocks on Monday helped Wall Street extend Friday’s rally, with the resumption of U.S.-China trade talks easing some of the concerns that had pummeled the market in the second half of 2018. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] China has the “good faith” to work with the United States to resolve trade frictions, the Foreign Ministry said on Monday as officials of the world’s two largest economies resumed talks in a bid to end their trade dispute. U.S. officials are meeting their counterparts in Beijing this week for the first face-to-face talks…
[ad_1] If you’re a GitHub user, but you don’t pay, this is a good week. Historically, GitHub always offered free accounts but the caveat was that your code had to be public. To get private repositories, you had to pay. Starting tomorrow, that limitation is gone. Free GitHub users now get unlimited private projects with…
[ad_1] After a sharp downturn in December, oil prices have recovered, with the benchmark North American contract nearing the key $50 US a barrel threshold. The West Texas Intermediate contract rose $1.68 on Monday morning to trade at $49.64 a barrel. The stronger international prices helped buoy the Canadian contract, with Western Canada Select up…
[ad_1] The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Nvidia launches the $349 GeForce RTX 2060 Nvidia broke with tradition and put a new focus on gaming at CES.…
[ad_1] (Reuters) – U.S. stocks rose on Monday as gains in the technology and consumer discretionary sectors helped extend Friday’s rally, with investors focused on the ongoing U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 7, 2019. REUTERS/Brendan McDermid The rally was led…
[ad_1] Tesla Inc. broke ground Monday for a factory in Shanghai, its first outside the United States. CEO Elon Musk said Monday on Twitter that the company will start production in China of its Model 3 and a planned crossover by the end of the year. Tesla announced plans in July to build the Gigafactory…
[ad_1] Suncor Energy Inc. says its upstream production in the last three months of 2018 hit a quarterly record. Canada’s largest integrated oil and gas company says production averaged 831,000 barrels of oil equivalent per day, up 12 per cent from the third quarter. Oilsands operations produced approximately 433,000 barrels per day in the quarter,…
[ad_1] Prospective pot shop owners around the province are hoping Friday is their lucky day. That’s the day that the Alcohol and Gaming Commission of Ontario will hold a draw to determine who gets the first 25 cannabis retail licences. A week out from the lottery, questions remain about the system’s impact on Ontario’s black…
[ad_1] FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Fiat Chrysler’s (FCHA.MI) appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first…
[ad_1] (Reuters) – Wall Street was set to open little changed on Monday after its biggest one-day surge in the new year, as investors turned wary of the latest round of U.S.-China trade talks and a prolonged government shutdown. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton (Reuters) – A group of financial services firms, including Morgan Stanley (MS.N), Fidelity Investments and Citadel Securities LLC, have agreed to jointly launch a new low-cost bourse…
[ad_1] FILE PHOTO: U.S. Secretary of Commerce Wilbur Ross answers questions during an interview with Reuters in his office at the U.S. Department of Commerce building in Washington, U.S., October 5, 2018. REUTERS/Mary F. Calvert WASHINGTON (Reuters) – The United States and China are likely to reach a good settlement over immediate trade issues while…
[ad_1] (Reuters) – U.S. stock index futures were little changed on Monday after Wall Street’s biggest one-day surge in the new year on Friday, as focus shifted to the latest round of trade talks between the United States and China. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE)…
[ad_1] LONDON (Reuters) – Strong employment data in the United States, decisive action from the Chinese central bank and dovish messages from U.S. Federal Reserve chief Jerome Powell steadied markets on Monday, pushing an index of world stocks to a 2-1/2 week high. FILE PHOTO: The London Stock Exchange Group offices are seen in the…
[ad_1] LONDON (Reuters) – A set of strong employment data in the United States, decisive action from the Chinese central bank and dovish messages from U.S. Federal Reserve chief Jerome Powell combined to push world stocks further off recent lows on Monday. FILE PHOTO: The London Stock Exchange Group offices are seen in the City…
[ad_1] KUALA LUMPUR (Reuters) – A Malaysian court on Monday refused bail to former Goldman Sachs (GS.N) banker Roger Ng, pending his extradition to the United States where he faces charges related to suspected money laundering of funds siphoned off from state fund 1MDB. Ng has been detained in Kuala Lumpur since Nov. 1, shortly…
[ad_1] BEIJING (Reuters) – China has the “good faith” to work with the United States to resolve trade frictions, the Foreign Ministry said on Monday, as the world’s two largest economies resumed talks in a bid to end their trade dispute. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10,…
[ad_1] SHANGHAI/BEIJING (Reuters) – Tesla Inc (TSLA.O) broke ground on Monday for its Shanghai Gigafactory where it plans to begin making its Model 3 electric vehicles (EV) by year-end, a first step in localizing production in the world’s largest auto market. The land of Tesla Gigafactory at a groundbreaking ceremony of Tesla Shanghai Gigafactory in…
[ad_1] Sure it’s a fantasy, but in such volatile economic times, bankers might need to schedule a deprogramming session with their kids after watching Mary Poppins Returns. [ad_2] Source link
[ad_1] (Reuters) – CBS News President David Rhodes is stepping down and Susan Zirinsky, a senior executive producer, will take over the president’s role from March, the company said on Sunday. FILE PHOTO: The CBS broadcasting logo is seen outside their headquarters in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo Rhodes will…
[ad_1] FILE PHOTO: U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump’s national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque/File Photo BEIJING (Reuters) – China and the United States want…
[ad_1] SAN FRANCISCO (Reuters) – New Trump administration policies aimed at curbing China’s access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint…
[ad_1] December 21, 2018, Tokyo, Japan – A large screen reports the rearrest of former Nissan Motor chairman Carlos Ghosn at a news program in Tokyo on Friday, December 21, 2018. Ghosn was served a fresh arrest warrant on suspicion of aggravated breach of trust. (Photo by Yoshio Tsunoda/AFLO) LWX -ytd- TOKYO (Reuters) – Lawyers…
[ad_1] TOKYO (Reuters) – Lawyers of ousted Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn are scheduled to give a news conference on Tuesday, the Foreign Correspondents’ Club of Japan (FCCJ) said on its website on Monday, their first such public appearance. The three lawyers, headed by chief lawyer Motonari Otsuru, will speak at the…
[ad_1] SHANGHAI/BEIJING (Reuters) – Tesla Inc (TSLA.O) on Monday will break ground for its Shanghai Gigafactory where it will begin making Model 3 electric vehicles (EV) by year-end, Chief Executive Elon Musk tweeted here ahead of the formal start of construction of the firm’s first Chinese plant. Tesla and SpaceX CEO Elon Musk speaks in…
[ad_1] A customer walks out of a Dollar Tree discount store in Austin, Texas, U.S., February 27, 2017. Picture taken February 27, 2017. REUTERS/Mohammad Khursheed (Reuters) – Activist investor Starboard Value LP has acquired a stake in discount store operator Dollar Tree Inc (DLTR.O) and is asking the company to sell its Family Dollar business,…
[ad_1] FILE PHOTO: The CBS broadcasting logo is seen outside their headquarters in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo (Reuters) – CBS News President David Rhodes is stepping down and Susan Zirinsky, a senior executive producer, will assume the president’s role from March 1, according to a company statement and an…
[ad_1] Tesla and SpaceX CEO Elon Musk speaks in a “fireside chat” at the National League of Cities (NLC) 2018 City Summit in Los Angeles, California, U.S. November 8, 2018. REUTERS/Kyle Grillot SHANGHAI/BEIJING (Reuters) – Tesla Inc (TSLA.O) will break ground on its Shanghai Gigafactory on Monday, Chief Executive Elon Musk said in a tweet…
[ad_1] Tesla and SpaceX CEO Elon Musk speaks in a “fireside chat” at the National League of Cities (NLC) 2018 City Summit in Los Angeles, California, U.S. November 8, 2018. REUTERS/Kyle Grillot (Reuters) – Elon Musk, Tesla Inc’s (TSLA.O) chief executive, said in a tweet here that he is looking forward to breaking ground on…
[ad_1] (Reuters) – A long-standing liquidator is now first in line for one of the U.S. retail sector’s most daunting assignments: shutting down 126-year-old department store chain Sears Holdings Corp (SHLDQ.PK), people familiar with the matter said on Sunday. FILE PHOTO: The Sears, Roebuck and Company logo is seen outside a store in Brooklyn, New…
[ad_1] SYDNEY (Reuters) – Asian shares sped ahead on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook. FILE PHOTO – A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016.…
[ad_1] (Reuters) – Samsung Electronics Co Ltd said Sunday that it will add an app to its smart televisions in the coming months to let owners watch content bought on Apple Inc’s iTunes service, a possible first sign Apple is looking to distribute its forthcoming television service on devices made by others. FILE PHOTO –…
[ad_1] SYDNEY (Reuters) – Asian shares got off to a rousing start on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook. FILE PHOTO – A man looks at a stock quotation board outside a brokerage in Tokyo,…
[ad_1] SYDNEY (Reuters) – Asian shares were set for a rousing start on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook. FILE PHOTO – A man looks at a stock quotation board outside a brokerage in Tokyo,…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) is set to post its first drop in quarterly operating profit in two years as slowing economic growth in China, a key market for the South Korean tech giant, erodes demand for its products. FILE PHOTO – The logo of Samsung Electronics is seen at its…
[ad_1] Hundreds of thousands of cash-handling machines across the country have had to be upgraded to handle Canada’s distinctive new $10 bill, featuring a vertical portrait of Nova Scotia civil rights advocate Viola Desmond, while some others still awaiting changes are rejecting the distinctive banknotes. Ensuring vending and other machines can read the new polymer…
[ad_1] SINGAPORE (Reuters) – Southeast Asian countries should be cautious in negotiating with China on its flagship Belt and Road Initiative (BRI) to avoid being trapped in unsustainable debt, 70 percent of respondents said in a policy survey released on Monday. FILE PHOTO: National flags and the Association of South East Asian Nations (ASEAN) logo…
[ad_1] An Alberta Health Services inspection last week found a northwest Calgary Booster Juice was using countertop cleaner to wash fruits and vegetables. Inspectors found the smoothie bar in Crowfoot Crossing was using Sani-Stuff — a powerful benzalkonium chloride cleaner used to sanitize hard surfaces like countertops and equipment — was being used to wash food on Dec.…
[ad_1] U.S. President Donald Trump speaks to the media as he departs for Camp David from the White House in Washington, U.S., January 6, 2019. REUTERS/Joshua Roberts WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing…
[ad_1] PARIS (Reuters) – The French government has told Renault (RENA.PA) to provide more details on compensation paid to senior executives via a Dutch holding company jointly owned with alliance partner Nissan, Finance Minister Bruno Le Maire said on Sunday. FILE PHOTO: French Finance Minister Bruno Le Maire leaves following the weekly cabinet meeting at…
[ad_1] FILE PHOTO: Mercedes-Benz logo is seen on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Benoit Tessier FRANKFURT (Reuters) – Mercedes-Benz’s is not aiming to be the first manufacturer to develop a self-driving car but it wants to be among the first two players able to scale…
[ad_1] For Canada’s cannabis expert, the future of the drug in Canada isn’t in northern commercial greenhouses, but in the fields of Central and South America. Ernie Small is a principal research scientist at Agriculture and Agri-Food Canada in Ottawa. He’s grown and studied the drug for decades, and has written several books on the subject — though he swears he’s never…
[ad_1] Ever since the Bank of Canada ratcheted its benchmark interest rate up in the summer of 2017, economists, policy-makers, central bankers (and, full disclosure, even yours truly) have been warning Canadians to expect more hikes to come as the era of virtually free money seemed to be coming to an end. Since then, the central…
[ad_1] The logo of Celltrion is seen at company’s headquarters in Incheon, South Korea, October 28, 2016. Picture taken on October 28, 2016. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korean drugmaker Celltrion Inc (068270.KS) aims to set up a joint venture in China within the first half of this year, and begin selling products in…
[ad_1] PARIS (Reuters) – Japanese prosecutors want Carlos Ghosn, the detained auto executive who oversaw an alliance that sold 10 million vehicles a year, to confess to financial misconduct, his son told France’s weekly Journal du Dimanche (JDD). FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the…
[ad_1] Streaming TV may never again be as simple, or as affordable, as it is now. Disney and WarnerMedia are each launching their own streaming services in 2019 in a challenge to Netflix’s dominance. Netflix viewers will no longer be able to watch hit movies such as Black Panther or Moana, which will soon reside on…
[ad_1] As every software company knows, over time as code ages and workarounds build on work-arounds, the code base becomes bloated. It becomes ever more difficult to get around the technical debt that you’ve built up over time. It’s really impossible to avoid this phenomenon, but at some point, companies realize that the debt is…
[ad_1] FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt FRANKFURT (Reuters) – The German Federal State of Baden-Wuerttemberg is seeking damages from Volkswagen (VOWG_p.DE) after local authorities purchased VW diesel vehicles which now face bans in cities like Stuttgart, Frankfurter Allgemeine…
[ad_1] Even as house prices dip or rise only modestly in 2019, home affordability will decline in most Canadian cities, according to a recent report from the Royal Bank of Canada. The cost of home ownership relative to median incomes will continue to rise, RBC said, forecasting higher interest rates will make carrying a mortgage more expensive. …
[ad_1] NEW YORK (Reuters) – Oil rose nearly 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the United States reported a sharp build in refined product inventories. FILE PHOTO: A gas torch is seen at the…
[ad_1] SHANGHAI/SAN FRANCISCO (Reuters) – Apple Inc’s chief executive Tim Cook has his work cut out in China this year: the iPhone maker faces the looming threat of a court-ordered sales ban, the uncertain outcome of trade war talks and the roll-out of a new 5G network, where it finds itself behind rivals like Huawei…
[ad_1] NEW YORK (Reuters) – Marriott International Inc (MAR.O) said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 million guests were affected. The hotel operator also said that some 25.55 million passport numbers were stolen…
[ad_1] (Reuters) – Federal Reserve Chairman Jerome Powell on Friday moved to mollify financial markets concerned about a U.S. economic slowdown, saying that while momentum is solid, the U.S. central bank will be sensitive to the downside risks the market is pricing in. U.S. Federal Reserve Chairman Jerome Powell speaks at the American Economic Association/Allied…
[ad_1] ATLANTA/NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Friday sought to ease market concerns that the U.S. central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year. U.S. Federal Reserve Chairman Jerome Powell speaks at…
[ad_1] NEW YORK (Reuters) – After emerging market stocks led global equity markets lower in a brutal 2018, some U.S.-based fund managers are betting that the asset class may have the largest rebound in the new year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 28,…
[ad_1] TOKYO (Reuters) – A senior executive of Nissan Motor Co Ltd (7201.T), Jose Munoz, has taken a leave of absence in a sudden management shake-up as the Japanese automaker deals with the aftermath of the arrest of former chairman Carlos Ghosn. Jose Munoz, chief performance officer at Nissan Motor Limited, responds to a question…
[ad_1] The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. [ad_2] Source link
[ad_1] SAN JOSE, Calif. (Reuters) – The two largest smart phone makers in the world supply a majority of their own modem chips to help their devices connect to wireless data networks, according to evidence presented at an antitrust trial for chip supplier Qualcomm Inc (QCOM.O). FILE PHOTO: The logo of Qualcomm is seen during…
[ad_1] (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 trader looks at price monitors as he works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S.,…
[ad_1] Jose Munoz, chief performance officer at Nissan Motor Limited, responds to a question on the new Renault-Nissan-Mitsubishi Alliance venture capital fund during roundtable with journalists at the 2018 CES in Las Vegas, Nevada, U.S. January 9, 2018. REUTERS/Steve Marcus (Reuters) – Japanese automaker Nissan Motor Co Ltd (7201.T) said on Saturday its chief performance…
[ad_1] WASHINGTON/BEIJING (Reuters) – President Donald Trump on Friday downplayed a revenue warning from Apple Inc that cited slowing sales in China and said China’s weakening economic growth puts the United States in a strong position as negotiators from the world’s two largest economies prepare for trade talks next week. Trump has slapped import tariffs…
[ad_1] WASHINGTON (Reuters) – Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new Model 3 sedan from 25 percent tariffs imposed in August, saying they threaten the electric carmaker’s bottom line. FILE PHOTO: A car carrier trailer carries Tesla Model 3 electric sedans, is seen outside the…
[ad_1] WASHINGTON/BEIJING (Reuters) – President Donald Trump on Friday downplayed a revenue warning by Apple Inc and said slowing economic growth in China puts the United States in a strong position as negotiators from the world’s two largest economies prepare for trade talks next week. Trump has slapped import tariffs on hundreds of billions of…
[ad_1] (Reuters) – California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. FILE PHOTO: PG&E crew work to repair damage caused by…
[ad_1] NEW YORK (Reuters) – Wall Street rebounded on Friday to close at its highest in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates. In a session emblematic of the elevated volatility…
[ad_1] NEW YORK (Reuters) – Equities around the globe rallied on Friday while bond yields rose after sharply declining earlier in the week as U.S. employment data pointed to economic strength and Federal Reserve Chair Jerome Powell said the U.S. central bank would be patient with monetary policy. U.S. and European stocks got a boost…
[ad_1] ATLANTA/NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell on Friday sought to ease market concerns that the central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year. U.S. Federal Reserve Chairman Jerome Powell speaks at the…
[ad_1] PG&E Corp , the electricity provider in the northern California region ravaged by a deadly wildfire, said it was searching for new directors at its holding company and its utility subsidiary Pacific Gas and Electric Co. [ad_2] Source link
[ad_1] A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to hear an appeal filed by a subsidiary of Broadcom Inc (AVGO.O) seeking to put an end to a shareholder lawsuit concerning…
[ad_1] NEW YORK (Reuters) – Wall Street rebounded on Friday after a strong payrolls report and remarks from Federal Reserve Chairman Jerome Powell that suggested the central bank would be flexible with monetary policy. FILE PHOTO: Traders look at price monitors as they work on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] FILE PHOTO: Monsanto Co’s Roundup is shown for sale in Encinitas, California, U.S., June 26, 2017. REUTERS/Mike Blake/File Photo (Reuters) – A federal judge overseeing lawsuits alleging Bayer AG’s (BAYGn.DE) glyphosate-based Roundup weed killer causes cancer on Friday declined to reconsider a ruling that limits evidence the plaintiffs in the litigation consider crucial to…
[ad_1] SAN JOSE, California – (Reuters) – The U.S. Federal Trade Commission’s antitrust case accusing Qualcomm Inc (QCOM.O) of abusing a monopoly on mobile chip technology kicked off in a California courtroom on Friday in a trial whose outcome could have a major impact on the smartphone industry. FILE PHOTO: A sign on the Qualcomm…
[ad_1] TOKYO (Reuters) – Ousted Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn is set to make his first public appearance in seven weeks at a Tokyo court on Tuesday after he requested an open hearing to hear the reason for his continued detention. Ghosn has been held in a detention center since his Nov.…
[ad_1] WASHINGTON (Reuters) – U.S. employers hired the most workers in 10 months in December while boosting wages, pointing to sustained strength in the economy that could ease fears of a sharp slowdown in growth. The upbeat employment report from the Labor Department on Friday stood in stark contrast with reports this week showing Chinese…
[ad_1] (Reuters) – U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets. FILE PHOTO: Traders look at price monitors as they work on the floor at the…
[ad_1] Federal Reserve Chairman Jerome Powell says he will not resign if asked to do so by President Donald Trump. Powell also says the central bank intends to be flexible going forward in determining when to hike its key policy rate. He also says that the Fed could alter its approach to trimming its huge…
[ad_1] U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government. The Labor Department said Friday that the unemployment rate rose slightly to 3.9 per cent,…
[ad_1] (Reuters) – U.S. stocks jumped on Friday, rebounding from a steep slide a day earlier, as a robust U.S. jobs report added to optimism from proposed trade talks between the United States and China next week. FILE PHOTO: Traders look at price monitors as they work on the floor at the New York Stock…
[ad_1] It was a rough ride for the loonie in 2018. The Canadian dollar fell nearly eight per cent against its U.S. counterpart last year — with much of its slide worsening in the fourth quarter — plunging almost six per cent since October. In fact, the loonie was the second worst performing major currency in the world against the U.S. dollar in…
[ad_1] Canada’s jobless rate held steady at 5.6 per cent in December as the economy added 9,300 jobs, but about the same number of people were looking for work. Most of the jobs were part time, Statistics Canada reported Friday. As 28,300 new part-time jobs were added, 18,900 full-time jobs were lost. The numbers were slightly…
[ad_1] (Reuters) – U.S. stock index futures jumped on Friday after China said it will hold a fresh round of trade talks with the United States and ahead of, what is expected to be, a healthy U.S. employment report. FILE PHOTO: Traders look at price monitors as they work on the floor at the New…
[ad_1] The number of homes sold in Toronto and the surrounding area fell in 2018, along with the number of new listings hitting the market, as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules. The Toronto Real Estate Board says there were 77,426 residential transactions recorded through…
[ad_1] HONG KONG (Reuters) – China’s Huawei Technologies [HWT.UL] has punished two employees for New Year greetings sent on the smartphone maker’s official Twitter account using an iPhone, an internal memo showed. Huawei, whose P-series handsets compete with Apple’s iPhone, on New Year’s Day wished followers a “Happy #2019” in a tweet marked sent “via…
[ad_1] LONDON (Reuters) – Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s services sector expanded in December, while signs of lower crude supply also lent support. FILE PHOTO: A gas torch is seen at the Filanovskogo oil…
[ad_1] BEIJING (Reuters) – China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year — freeing up $116 billion for new lending as it tries to reduce the risk of a sharper economic slowdown. Headquarters of the People’s…
[ad_1] LONDON (Reuters) – World stock markets rallied on Friday after Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in U.S. interest rates might be down. News that the United States and China would hold vice-ministerial level talks on Monday and Tuesday to…
[ad_1] LONDON (Reuters) – Oil rose toward $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices. FILE PHOTO: A gas torch is seen at the Filanovskogo oil platform operated by Lukoil…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Ousted Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn is set to appear in a Tokyo court…
[ad_1] FRANKFURT (Reuters) – German Apple (AAPL.O) retailer Gravis said it was still selling iPhone 7 and 8 models at its stores and online after Qualcomm (QCOM.O) posted security bonds to enforce a court order that will ban sales of some Apple iPhones in Germany. Qualcomm earlier said it had posted 1.34 billion euros ($1.53…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by more than 1 percent on Friday, shaking off earlier losses, after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to a trade dispute between the world’s two biggest economies. FILE PHOTO: A gas torch is seen at the…
[ad_1] LONDON (Reuters) – A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge — firing a warning shot for world markets and the global economy in 2019. FILE PHOTO: A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration Historically, outsized yen…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Ousted Nissan Motor Co (7201.T) Chairman Carlos Ghosn is set to appear in a Tokyo court within…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Ousted Nissan Motor Co (7201.T) Chairman Carlos Ghosn is set to appear in court within five days…
[ad_1] BERLIN (Reuters) – Employees will not need a key to get into the office of the future when it opens in Berlin this year, featuring ample meeting space, plenty of copy machines always stocked with paper along with high-quality air processed to maximize worker health and minimize sick time. The Berlin headquarters of Zalando…
[ad_1] SYDNEY (Reuters) – Asian shares found a crumb of comfort on Friday as Beijing announced a new round of trade talks with Washington, though recession fears still had markets betting the next move in U.S. interest rates might be down. Despite past disappointments, investors cheered news the U.S. and China would hold vice-ministerial level…
[ad_1] (Reuters) – U.S. retail vacancies inched higher in the fourth quarter, underscoring how the retail sector has withstood many store closures across the country, real estate research firm Reis Inc said in a report. Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail…
[ad_1] SINGAPORE (Reuters) – Oil prices steadied on Friday after China said it would hold talks with Washington on Jan. 7-8 aimed at solving trade disputes between the two world’s biggest economies. FILE PHOTO: A gas torch is seen at the Filanovskogo oil platform operated by Lukoil company in Caspian Sea, Russia October 16, 2018.…
[ad_1] SYDNEY (Reuters) – Financial markets were on edge on Friday as weak U.S. economic data added to fears of a global slowdown and pushed investors to bet the Federal Reserve could reverse policy and start cutting interest rates before the end of this year. But nerves were soothed somewhat by news that the United…
[ad_1] U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington, Virginia, U.S., November 9, 2018. REUTERS/Yuri Gripas BEIJING (Reuters) – China and the United States will hold vice ministerial level trade talks in Beijing on Jan. 7-8, as the…
[ad_1] (Reuters) – Herb Kelleher, who co-founded pioneering low-cost carrier Southwest Airlines Co and built it into an industry powerhouse stamped with his colorful, unconventional personality, died on Thursday at age 87, the U.S. carrier said. FILE PHOTO: Southwest Airlines Chairman of the Board Herb Kelleher (R) testifies as American Airlines CEO Gerard Arpey listens…
[ad_1] Home sales in metro Vancouver plummeted to their lowest level in nearly two decades last year and the average home price moved lower in the once red-hot real estate market. The total number of homes sold in Metro Vancouver last year fell to 24,619, marking the lowest total since 2000, according to data from…
[ad_1] FILE PHOTO: A gas torch is seen at the Filanovskogo oil platform operated by Lukoil company in Caspian Sea, Russia October 16, 2018. REUTERS/Maxim Shemetov SINGAPORE (Reuters) – Oil prices fell on Friday after the United States showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices fell on Friday after the United States showed signs of following Asia into an economic slowdown, although crude supply withdrawals by producer club OPEC prevented prices from dropping even further. FILE PHOTO: A gas torch is seen at the Filanovskogo oil platform operated by Lukoil company in Caspian…
[ad_1] FILE PHOTO: Southwest Airlines Chairman of the Board Herb Kelleher (R) testifies as American Airlines CEO Gerard Arpey listens during a Senate Commerce, Science, and Transportation Subcommittee on Aviation hearing on the Wright amendment on Capitol Hill in Washington November 10, 2005. REUTERS/Jim Young (Reuters) – Herb Kelleher, co-founder of Southwest Airlines Co, has…
[ad_1] DETROIT (Reuters) – The battle for profits from sales of large pickup trucks is intensifying among the Detroit Three automakers as sales of small cars in the United States shrivel. FILE PHOTO: Fiat Chrysler Automobiles assembly workers build 2019 Ram pickup trucks on ‘Vertical Adjusting Carriers’ at the FCA Sterling Heights Assembly Plant in…
[ad_1] (Reuters) – Qualcomm Inc (QCOM.O) on Thursday took steps to enforce a court order banning the sale of some iPhone models in Germany, a move that will likely see Apple Inc (AAPL.O) pull those iPhone models from its German stores. FILE PHOTO: Customers stand in line at the Apple store in Berlin, September 19,…
[ad_1] ATLANTA/NEW YORK (Reuters) – Weak sales at Apple and Cargill, U.S. giants of technology and agriculture, may be the clearest sign yet that President Donald Trump’s quest to reset world trade carries costs at home and could isolate the United States as the increasingly fragile engine for global economic growth. U.S. and Chinese flags…
[ad_1] NEW YORK (Reuters) – Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc (AAPL.O) fueled fears of a global economic slowdown. The magnitude of Apple’s holiday quarter revenue shortfall sent shockwaves through the technology sector, which pulled all three major U.S. stock…
[ad_1] (Reuters) – Apple Inc shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors worried the rare stumble was a harbinger for slowing global growth. Global financial markets felt the shockwaves as Apple shares logged their biggest intra-day percentage fall in six…
[ad_1] (Reuters) – Bristol-Myers Squibb Co (BMY.N) said on Thursday it would buy Celgene Corp (CELG.O) for about $74 billion, combining two of the world’s largest cancer drug businesses in the biggest pharmaceutical deal ever. Both Bristol-Myers and Celgene face separate challenges, and some Wall Street analysts questioned whether the combination – which the companies…
[ad_1] NEW YORK (Reuters) – A revenue warning from Apple Inc (AAPL.O) rocked equity markets around the globe on Thursday as concerns over a damaging China-U.S. trade battle and its impact on world economic growth boosted assets considered safer investments, such as bonds and the Japanese yen. Technology stocks led a selloff in Asian, European…
[ad_1] FILE PHOTO: General Motors Executive Vice President Global Product Design Mark Reuss talks about the new 2019 GMC Sierra Denali pickup truck at the Russell Industrial Center in Detroit, Michigan, U.S., March 1, 2018. REUTERS/Rebecca Cook (Reuters) – General Motors Co (GM.N) said on Thursday that Mark Reuss would succeed Dan Ammann as president,…
[ad_1] (Reuters) – The plunge in Apple Inc’s (AAPL.O) share price will likely cause new pain for Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), after the conglomerate suffered a big quarterly decline in its net worth that will hit its bottom line. U.S. dollar banknotes are seen in front of the Apple logo in this photo…
[ad_1] FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer (Reuters) – Sweden’s Volvo is setting aside 7 billion Swedish crowns ($778 million) to cover costs related to its admission in October that its truck and bus engines could be exceeding…
[ad_1] Social media has become a primary conduit for getting the word out, in some cases proving to be an even stronger force for publicity than more traditional media outlets and paid advertising, and so today, a company that has grown its business around public relations services has acquired a social media management company to…
[ad_1] Airbus says it will fulfil two new aircraft orders of jets formerly owned by Bombardier at an expanding manufacturing operation on the U.S. Gulf Coast. The European aircraft maker said Thursday that 120 passenger aircraft — 60 ordered by JetBlue Airways and another 60 to start-up airline Moxy — will be built in a new factory…
[ad_1] Cloudera and Hortonworks, two of the biggest players in the Hadoop big data space, today announced that they have finalized their all-stock merger. The new company will use the Cloudera brand and will continue to trade under the CLDR symbol on the New York Stock Exchange. “Today, we start an exciting new chapter for…
[ad_1] FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann AMSTERDAM (Reuters) – Google moved 19.9 billion euros ($22.7 billion) through a Dutch shell company to Bermuda in 2017, as part of an arrangement that allows it to reduce its foreign tax bill, according…
[ad_1] DETROIT (Reuters) – Major automakers on Thursday posted a weak finish to the year for U.S. new vehicle sales but remained bullish on the outlook for the economy even as much of the industry braced for what is widely expected to be a worse year in 2019. FILE PHOTO: New vehicles sit in a…
[ad_1] Apple’s warning on revenue rocked financial markets on Thursday, as investors shunned equities and sought safety in bonds and less risky assets amid renewed concerns about slowing global economic growth and damage from the China-U.S. trade war. Technology stocks led a sell-off across Asian, European and U.S. shares after Apple cut its revenue forecast,…
[ad_1] While Facebook continues to repair its image with consumers disenchanted with the social network’s role in disseminating misleading or false information and mishandling their personal data, it’s ironically been finding some traction for its enterprise-focused service, Workplace. Today, the company announced that it has added another huge company to its books today: Nestle, the coffee,…
[ad_1] FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., January 2, 2019. REUTERS/Shannon Stapleton (Reuters) – The Dow Jones Industrial Average fell more than 600 points on Thursday as the biggest drop in more than a decade in the ISM U.S.…
[ad_1] (Reuters) – U.S. stocks slumped on Thursday, after Apple Inc’s rare sales warning exacerbated fears that the Sino-U.S. trade war and a slowing China economy would eat into corporate profits, with weaker-than-expected U.S. factory data adding to nerves. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] FILE PHOTO: Customers stand in line at the Apple store in Berlin, September 19, 2014. REUTERS/Hannibal (Reuters) – Qualcomm Inc (QCOM.O) said on Thursday it posted security bonds of 1.34 billion euros ($1.52 billion) in order to be able to enforce a court order that will ban sales of some Apple Inc (AAPL.O) iPhones…
[ad_1] (Reuters) – Apple Inc shares fell as much as 9 percent in early trading after the iPhone maker blamed weak China demand for its revenue shortfall in the holiday quarter, a clear sign of the company’s struggles in the world’s largest smartphone market. The rare revenue warning – the company’s first in nearly 12…
[ad_1] WASHINGTON, (Reuters) – The number of Americans filing applications for jobless benefits increased more than expected last week, but the underlying trend continued to point to labor market strength despite ongoing financial market volatility. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S., January…
[ad_1] FILE PHOTO: A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017. REUTERS/Edgard Garrido DETROIT (Reuters) – General Motors Co (GM.N) on Thursday reported that U.S. new vehicle sales fell 2.7 percent in the fourth quarter, with declines across most of its brands as American…
[ad_1] FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau (Reuters) – Bristol-Myers Squibb Co (BMY.N) said on Thursday it would buy Celgene Corp (CELG.O) for about $74 billion in a cash-and-stock deal, creating a powerhouse…
[ad_1] BEIJING/SHANGHAI (Reuters) – Shanghai student Xu Yechuyi wanted to buy a new iPhone last year but couldn’t afford one at Apple Inc’s flagship store, so she opted for a used, three-year-old iPhone 6S at less than a third of the sticker price. A man walks out of an Apple store in Beijing, China December…
[ad_1] BEIJING (Reuters) – Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp (SBUX.O) as the largest coffee chain by number of outlets in the world’s second-biggest economy, it said on Thursday. Men check their mobile phones outside a Luckin Coffee store in Beijing, China July 17,…
[ad_1] SHANGHAI/LONDON (Reuters) – Apple’s rare warning on revenue rocked financial markets on Thursday, reigniting concerns about slowing global economic and corporate growth and potential damage from Washington’s protracted trade row with Beijing. Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls Asian and European…
[ad_1] LONDON (Reuters) – Apple’s first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 2, 2019. REUTERS/Staff The…
[ad_1] LONDON (Reuters) – Oil prices fell on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture…
[ad_1] The first big economic indicator of the year comes out in both Canada and the United States on Friday, when Statistics Canada and the U.S. Department of Labour release their job numbers. While tomorrow’s numbers are for December, the final quarter of 2018 and summarize the entire year, they may offer hints of what to expect in 2019. Here are some of…
[ad_1] NEW DELHI (Reuters) – Johnson & Johnson’s (JNJ.N) sales in India dipped 3 percent in the year to March 2018, a regulatory filing showed on Thursday, as the U.S. drugmaker grappled with the country’s stringent medical device pricing policies. FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is seen in a photo…
[ad_1] SINGAPORE (Reuters) – Oil prices fell by 1 to 2 percent on Thursday amid volatile currency and stock markets, and on concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province,…
[ad_1] Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil’s Petroleo Brasileiro SA , will either save the indebted oil major – or strip it to the bone. [ad_2] Source link
[ad_1] Men check their mobile phones outside a Luckin Coffee store in Beijing, China July 17, 2018. Picture taken July 17, 2018. REUTERS/Jason Lee BEIJING (Reuters) – Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp (SBUX.O) as the largest coffee chain by number of outlets in…
[ad_1] SINGAPORE (Reuters) – Oil prices fell by 1 to 2 percent on Thursday amid volatile currency and stock markets, and on concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province,…
[ad_1] SINGAPORE (Reuters) – Oil prices slipped on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019 just as crude supplies are rising globally. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7,…
[ad_1] SHANGHAI (Reuters) – U.S. stock futures fell and Asian shares wobbled on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth and weaker earnings. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo, Japan December 27, 2018. REUTERS/Kim Kyung-Hoon…
[ad_1] SAN FRANCISCO/BENGALURU/SHANGHAI (Reuters) – Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations. The news, which comes as a spotlight grows on Beijing’s attempts to revive…
[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) – Billionaire Warren Buffett has said he would love to see Apple Inc shares decline in price so he could buy more. He is…
[ad_1] (Reuters) – Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations. The news sent Apple shares tumbling in after-hours trade and triggered a broader selloff in…
[ad_1] Workers of Teva Pharmaceutical Industries stand at the entrance to their facility in Ashdod, Israel December 17, 2017. REUTERS/Amir Cohen (Reuters) – Teva Pharmaceutical Industries Ltd (TEVA.TA) said on Thursday it will pay an undisclosed amount to settle an ongoing dispute with Amgen Inc (AMGN.O) over its generic Cinacalcet HCl product. The Israel-based drugmaker…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019 just as crude supply is rising globally. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7,…
[ad_1] Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer SINGAPORE (Reuters) – Oil prices fell by more than one percent on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019.…
[ad_1] Although the PC government scrapped this year’s planned minimum wage increase to $15, a downtown Toronto café says it’s following through with the increase anyway. Employees at HotBlack Coffee, near Queen Street W. and University Avenue, got a raise on Jan. 1 even though the minimum wage didn’t go up, and café co-owner Jimson Bienenstock…
[ad_1] Syncrude will pay a fine of $2.75 million after pleading guilty to federal and provincial charges in relation to the deaths of 31 great blue herons. The herons died in August 2015 at an inactive sump on the Mildred Lake site, which at the time was not covered by Syncrude’s waterfowl protection plan to deter birds from…
[ad_1] Crude oil prices in Western Canada remain elevated as Alberta’s government-mandated oil production curtailments come into force. Calgary oil brokerage Net Energy says the difference between Western Canadian Select bitumen-blend heavy oil and New York-traded West Texas Intermediate oil prices was about $12.50 US per barrel on Wednesday afternoon, an improvement over the $17.52…
[ad_1] FILE PHOTO: A sign directs shoppers to a Nordstrom store at a shopping mall in La Jolla, California, U.S., May 17, 2017. REUTERS/Mike Blake (Reuters) – Nordstrom Inc said its co-president, Blake Nordstrom, passed away early Wednesday morning at the age of 58. Blake Nordstrom passed away unexpectedly, the department store chain said ,…
[ad_1] Apple cut its current quarter revenue forecast on Wednesday, citing fewer iPhone upgrades and weak sales in China. The company forecast $84 billion US in revenue for the first quarter, which is below analysts’ estimate of $91.5 billion, according to IBES data from Refinitiv. Apple originally forecast a revenue of between $89 billion and $93…
[ad_1] NEW YORK (Reuters) – Wall Street edged nominally higher on Wednesday after stumbling out of the starting gate on the first trading day of the new year, as bargain-hunting was offset by fears of a global economic slowdown. A trader looks at price monitors as he works on the floor at the New York…
[ad_1] A proposed class-action lawsuit against the ride-hailing company Uber filed by one of its drivers will go ahead after Ontario’s top court reversed a lower court decision that would have sent the matter to arbitration overseas. In a ruling released Wednesday, the Court of Appeal for Ontario says a clause in Uber’s services agreement…
[ad_1] NEW YORK (Reuters) – The Treasury yield curve flattened on Wednesday afternoon as shorter-dated yields rose on higher oil prices, while at the long end, the benchmark 10-year U.S. government bond was driven to an 11-month low by concerns about a global growth slowdown. FILE PHOTO: An employee works at a production line of…
[ad_1] (Reuters) – Shares in Tesla Inc (TSLA.O) dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset lower green tax credits, while falling short on quarterly deliveries of its mass-market Model 3 sedan. Analysts questioned whether the…
[ad_1] A board of high-ranking Maryland officials on Wednesday rejected a proposed TransCanada pipeline across the western part of the state that would carry natural gas produced in Pennsylvania to West Virginia. The Board of Public Works voted 3-0 against an easement for Calgary-based TransCanada’s pipeline. It would run under the Potomac River near Hanover,…
[ad_1] NEW YORK (Reuters) – Drugmakers kicked off 2019 with price increases in the United States on more than 250 prescription drugs, including the world’s top-selling medicine, Humira, although the pace of price hikes was slower than last year. FILE PHOTO: A person holds pharmaceutical tablets and capsules in this picture illustration taken in Ljubljana…
[ad_1] (Reuters) – Wall Street edged higher in a choppy session on Wednesday, as gains in energy and bank stocks helped offset a drop in the healthcare sector and worries about a global economic slowdown. A trader looks at price monitors as he works on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] Thunderbird, Mozilla’s desktop email client, doesn’t have anywhere near the amount of mindshare of the organization’s Firefox browser, yet even in this age of web-based email services, it still has a sizable user community. For 2019, those users can look forward to a faster and more beautiful application, Thunderbird community manager Ryan Sipes announced…
[ad_1] North American stocks were mixed on the first trading day of the new year, dipping in and out of negative territory, after December’s market rout left investors nervous. Weak manufacturing data from China on Wednesday continued to fuel concerns about slowing demand from the world’s second largest economy, which could lead to slowing global growth. The Caixin/Markit…
[ad_1] NEW YORK (Reuters) – Stocks around the world treaded water to ring in the new year while safe-haven assets including bonds, gold and the Japanese yen rallied on Wednesday as Chinese and European economic data bolstered concerns of a slowdown in global growth. In the United States, the benchmark S&P 500 stock index dropped…
[ad_1] It should have been a business dinner where I could connect with high-profile donors for the charitable organization I represented. Instead, I was sexually assaulted in my seat. An executive at a multi-national corporation put his hand up my skirt — not just on my thigh but between my legs, where his fingers touched my…
[ad_1] One of the conditions B.C. Green Leader Andrew Weaver made before throwing his support behind the New Democrats — allowing the party to govern after the 2017 election — was that it examine the idea of introducing a basic income for poorer British Columbians. Last summer, Shane Simpson, the NDP minister of social development and poverty reduction, made good on…
[ad_1] Almost a third of new cars sold in Norway last year were pure electric, a new world record as the country strives to end sales of fossil-fuel vehicles by 2025. In a bid to cut carbon emissions and air pollution, Norway exempts battery-driven cars from most taxes and offers benefits such as free parking and…
[ad_1] A Cape Breton call centre that abruptly laid off hundreds of workers just weeks before Christmas is reopening today under new ownership. Iowa businessman Anthony Marlowe bought the former ServiCom call centre in an auction that was part of ServiCom’s bankruptcy proceedings in the United States. Todd Riley, the former director of operations who is…
[ad_1] A new report on the highest-paid CEOs adds evidence to the argument that women face a “double-pane glass ceiling” at the top of Canada’s corporate ladder — first in getting to the executive suite and, once there, earning as much as their male counterparts. The Canadian Centre for Policy Alternatives calculates that of the more…
[ad_1] FILE PHOTO – Tesla Model 3s are shown charging in an underground parking lot next to a Tesla store in San Diego,California, U.S., May 30, 2018. REUTERS/Mike Blake (Reuters) – Tesla Inc said on Wednesday it produced 61,394 Model 3s and delivered nearly 1,000 vehicles per day in the fourth quarter. The company also…
[ad_1] (Reuters) – U.S. stock index futures sank on Wednesday, offering no respite as Wall Street comes off its worst year in a decade, as weak data in Asia and Europe confirmed fears of a global economic slowdown, while the U.S. government shutdown dragged on. Traders work on the floor of the New York Stock…
[ad_1] LONDON (Reuters) – The new year starts in the red. FILE PHOTO: A trader looks at price monitors as he works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., December 4, 2018. REUTERS/Brendan McDermid/File Photo GLOBAL BUSINESS WEEK AHEAD After the worst year for world…
[ad_1] LONDON (Reuters) – World shares started 2019 on a downbeat note, oil prices and bond yields skidded lower and the Japanese yen strengthened on Wednesday as data from China to France confirmed investors’ fears of a global economic slowdown. FILE PHOTO – The trading floor of Frankfurt’s stock exchange is pictured after the last…
[ad_1] (Reuters) – Last March, a 103-year-old resident of a Sunrise Senior Living facility in Willowbrook, Illinois, went on a field trip to the movies. Ruth Smith, who used a walker, fell down two concrete steps in the theater and died about six weeks later. Now Smith’s estate is suing Sunrise, saying that aides did…
[ad_1] LONDON/HONG KONG (Reuters) – Factory activity weakened across much of Europe and Asia in December as the U.S.-led trade war and a slowdown in demand hit production in many economies, offering little reason for optimism as the new year begins. FILE PHOTO: Employees work on a drilling machine production line at a factory in…
[ad_1] LONDON (Reuters) – Oil fell to around $53 a barrel on Wednesday, pressured by rising output in major OPEC and non-OPEC producers and concern about an economic slowdown that could weaken demand. FILE PHOTO: Oil rigs in a storage facility wait to be transported to the oil field in Midland, Texas U.S. August 22,…
[ad_1] FILE PHOTO – Britain’s Secretary of State for Transport Chris Grayling arrives in Downing Street, London, Britain, December 18, 2018. REUTERS/Hannah McKay LONDON (Reuters) – Britain’s transport minister Chris Grayling has defended the decision to award a 14 million pound contract for shipping goods after Brexit to a new ferry company that has yet…
[ad_1] Shell Canada made one of the biggest moves of 2018 in the natural gas industry by deciding to move ahead with a $40 billion liquefied natural gas export facility on B.C.’s coast. Construction is underway, but patience is needed since it will take five years to construct. Until then, the industry seems stuck with low…
[ad_1] SEOUL (Reuters) – South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, their lawyers said on Wednesday. The logo of Nippon Steel & Sumitomo Metal Corp.’s Kimitsu steel plant is pictured at its…
[ad_1] BEIJING, (Reuters) – China’s factory activity contracted for the first time in 19 months in December as domestic and export orders continued to weaken, a private survey showed, pointing to a rocky start for the world’s second-largest economy in 2019. FILE PHOTO: A worker directs a crane lifting steel rails at a steel factory…
[ad_1] SEOUL (Reuters) – South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, a South Korean newspaper reported on Wednesday. The logo of Nippon Steel & Sumitomo Metal Corp.’s Kimitsu steel plant is pictured…
[ad_1] HONG KONG (Reuters) – Factory activity weakened across Asia in December as the Sino-U.S. trade war and a slowdown in Chinese demand hit production in most economies, strengthening the case for a pause in interest rate hikes in the region in 2019. FILE PHOTO: Employees work on a drilling machine production line at a…
[ad_1] SEOUL (Reuters) – South Korea’s Hyundai Motor Group flagged another year of tepid car sales growth on the back of a slow 2018, saying trade protectionism added uncertainty and major markets such as the United States and China remained sluggish. Chief Vice Chairman of Hyundai Motor Group Chung Eui-sun delivers his speech during the…
[ad_1] SYDNEY (Reuters) – Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and upended U.S. stock futures. FILE PHOTO: A man walks past an electronic board showing Nikkei share average outside a brokerage in Tokyo, Japan December 27, 2018. REUTERS/Kim…
[ad_1] SINGAPORE (Reuters) – Oil markets dropped by around 1 percent in 2019’s first trading on Wednesday, pulled down by surging U.S. output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted. FILE PHOTO: Oil rigs in a storage facility wait to be transported to…
[ad_1] SEOUL (Reuters) – South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, a South Korean newspaper reported on Wednesday. The logo of Nippon Steel & Sumitomo Metal Corp.’s Kimitsu steel plant is pictured…
[ad_1] FILE PHOTO: The logo of Didi Chuxing is seen at its headquarters building in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING (Reuters) – China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals.…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Wednesday on the back of surging U.S. crude production and concerns about an economic slowdown in 2019, as China’s factory activity showed signs of contraction. FILE PHOTO: Oil rigs in a storage facility wait to be transported to the oil field in Midland, Texas U.S. August 22,…
[ad_1] SYDNEY (Reuters) – Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and erased early gains in U.S. stock futures FILE PHOTO: A man walks past an electronic board showing Nikkei share average outside a brokerage in Tokyo, Japan December…
[ad_1] SEOUL (Reuters) – The heir apparent of Hyundai Motor Group said on Wednesday he will complete a restructuring in 2019 as he moves to formerly take over from his father at the helm of South Korea’s second-biggest conglomerate. Chief Vice Chairman of Hyundai Motor Group Chung Eui-sun delivers his speech during the company’s new…
[ad_1] SINGAPORE (Reuters) – Oil markets began 2019 in positive territory on Wednesday, as traders prepare for a likely volatile year of trading amid soaring U.S. crude supply and concerns about a global economic slowdown. FILE PHOTO: Oil rigs in a storage facility wait to be transported to the oil field in Midland, Texas U.S.…
[ad_1] SYDNEY (Reuters) – Asian shares crept cautiously higher on the first trading day of the new year as early gains in U.S. stock futures spoke of some improvement in risk appetite. FILE PHOTO: A man walks past an electronic board showing Nikkei share average outside a brokerage in Tokyo, Japan December 27, 2018. REUTERS/Kim…
[ad_1] FILE PHOTO: Oil rigs in a storage facility wait to be transported to the oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford SINGAPORE (Reuters) – U.S. oil began 2019 in positive territory on Wednesday, although the general outlook for the year is weak amid soaring U.S. crude supply and concerns of…
[ad_1] Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) said on Wednesday they aim to sell 7.6 million vehicles in 2019, as they battle to recover market share in…
[ad_1] FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar (Reuters) – Large financial institutions including JP Morgan Chase & Co (JPM.N), Citigroup Inc (C.N), and American Express Co (AXP.N) are cutting back or altering some of the rewards…
[ad_1] WASHINGTON (Reuters) – Alphabet Inc’s Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli. Google signage is seen at the Google headquarters in the Manhattan borough of New York City, New York, U.S., December 19, 2018. REUTERS/Shannon Stapleton The Federal Communications Commission (FCC) said in…
[ad_1] FILE PHOTO: Microsoft founder Bill Gates attends a forum of the first China International Import Expo (CIIE) in Shanghai on November 5, 2018. Matthew Knight/Pool via REUTERS NEW YORK (Reuters) – TerraPower LLC, a nuclear energy venture chaired by Microsoft Corp co-founder Bill Gates, is seeking a new partner for early-stage trials of its…
[ad_1] Canada’s oilpatch will be glad to see the back of 2018 — a year that saw domestic crude prices plunge, pipeline construction stall and tensions grow with Ottawa. But the coming year doesn’t promise much relief. Big questions loom over the future of the Trans Mountain pipeline, Ottawa’s overhaul of the project approval process and Alberta’s decision to impose oil…
[ad_1] The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake/File Photo (Reuters) – Netflix Inc is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, a source familiar with the…
[ad_1] (Reuters) – Tesla Inc had over 3,000 Model 3s left in inventory in the United States as of Sunday, automotive news website Electrek reported on Monday, citing people familiar with the matter. FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. June…
[ad_1] HOUSTON (Reuters) – Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran. FILE PHOTO: A pump jack operates in the Permian Basin oil…
[ad_1] NEW YORK (Reuters) – Wall Street advanced in low-volume trading on Monday as revelers gathered to ring in 2019, marking the end of the worst year for U.S. stocks since 2008, the height of the financial crisis. Wall Street entered correction territory in late January and was challenged for much of 2018 by tariff…
[ad_1] NEW YORK/LOS ANGELES (Reuters) – Johnson & Johnson Inc’s statement was unequivocal. FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson “The FDA has tested Johnson’s talc since the ’70s. Every single time it did not contain asbestos,” the company said in…
[ad_1] Canada’s main stock index closed higher along with U.S. markets on the final day of trading of what has been a difficult year for stocks. The S&P/TSX composite index closed up 100.86 points, at 14,322.86, as part of a late-December rally. But it wasn’t enough to stave off significant losses for the year. The…
[ad_1] The country’s two major railways exceeded their grain cap in 2017-18, despite shipping less of the stuff than last year, according to the Canadian Transportation Agency. Canadian National Railway Co. reaped $1.05 million more than its maximum revenue entitlement of $787.01 million for the crop year, which ended July 31, the CTA said. Canadian…
[ad_1] NEW YORK (Reuters) – Equities around the world rose on Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing end of year for markets. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] NEW YORK (Reuters) – Wall Street advanced in relatively low-volume trading on Monday as revelers gathered to ring in 2019, marking the end of the worst year for U.S. stocks in a decade. The Dow Jones Industrial Average .DJI rose 265.67 points, or 1.15 percent, to 23,328.07, the S&P 500 .SPX gained 21.21 points,…
[ad_1] A new survey shows business optimism for the year ahead among Canadian manufacturing executives is lower than it was a year ago as trade issues weigh. The survey by RK Insights showed 30 per cent of the 501 respondents were optimistic about business prospects for 2019, down from 44 per cent a year earlier. “Canadian manufacturing…
[ad_1] FILE PHOTO: A Hertz logo is pictured on a sign at Orlando International Airport in Orlando, Florida, U.S., May 6, 2016. REUTERS/Carlo Allegri WASHINGTON (Reuters) – Hertz Global Holdings (HTZ.N) has agreed to pay a $16 million fine to settle a case over accounting misstatement, the U.S. Securities and Exchange Commission (SEC) said in…
[ad_1] We may remember 2018 as the year when technology’s dystopian potential became clear, from Facebook’s role enabling the harvesting of our personal data for election interference to a seemingly unending series of revelations about the dark side of Silicon Valley’s connect-everything ethos. The list is long: High-tech tools for immigration crackdowns. Fears of smartphone…
[ad_1] NEW YORK (Reuters) – Wall Street rose solidly in relatively light trading on Monday as revelers gathered to ring in 2019, marking the end of the worst year for major U.S. indexes in a decade. After a strong January, Wall Street was challenged for much of 2018 by tariff disputes, rising interest rates, and…
[ad_1] (Reuters) – A California toy company has sued Louis Vuitton to stop the French luxury goods maker from interfering with its sales of a slime-filled, poop-shaped toy purse for children, Pooey Puitton. FILE PHOTO: The logo of the Louis Vuitton brand is seen outside a Louis Vuitton store in Paris, France, August 5, 2018.…
[ad_1] (Reuters) – U.S. stock indexes faltered after a strong start on Monday in thin trading, as optimism on signs of progress in the U.S.-China trade war was offset by oil prices erasing gains in the last day of what is Wall Street’s worst year in a decade. President Donald Trump said he had a…
[ad_1] NEW YORK (Reuters) – Equities around the world rose on Monday, with Wall Street edging up in choppy trading as hints of progress in the trade dispute between the United States and China provided a rare glimmer of optimism in what has been a punishing end of year for markets. FILE PHOTO: Traders work…
[ad_1] (Reuters) – U.S. stock indexes jumped on Monday in a broad-based rally driven by growth sectors, as signs of progress in the U.S.-China trade dispute set up Wall Street to end its worst year in a decade on an upbeat note. U.S. President Donald Trump said he had a “very good call” with China’s…
[ad_1] FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. June 22, 2018. Picture taken June 22, 2018. REUTERS/Stephen Lam (Reuters) – Tesla Inc had over 3,000 Model 3 vehicles left in inventory in the United States as of Sunday, automotive news website…
[ad_1] FILE PHOTO: An employee arranges bobbins at a textile plant in Haian county, Jiangsu province, China November 28, 2017. China Daily/via REUTERS/File Photo BEIJING (Reuters) – Growth in China’s services industry picked up in December after a two-month slowdown, an official survey showed, offering some respite for the slowing economy though the outlook remains…
[ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 28, 2018. REUTERS/Jeenah Moon (Reuters) – U.S. stocks opened higher on Monday, in their last trading session of 2018, as signs of progress in the U.S.-China trade dispute helped lift technology companies, which have major…
[ad_1] TOKYO (Reuters) – The Tokyo District Court said on Monday it has extended the detention of ousted Nissan Motor Co chairman Carlos Ghosn by 10 days until Jan. 11. Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker shoulder 1.85 billion yen ($16.8 million) in personal investment losses.…
[ad_1] (Reuters) – U.S. companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken…
[ad_1] (Reuters) – U.S. stock index futures rose on Monday, boosted by signs of progress in the U.S.-China trade dispute and rising crude oil prices, setting up Wall Street to end its worst year in a decade on an upbeat note. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] LONDON (Reuters) – Oil prices rose more than 2 percent on the final day of the year, mirroring gains in stock markets, but were on track for their first annual decline in three years as concerns of a persistent supply glut lingered. FILE PHOTO: A pump jack operates in the Permian Basin oil production…
[ad_1] LONDON (Reuters) – Oil prices rose about 2 percent on the final day of the year on Monday, mirroring gains in stock markets, but were on track for the first annual decline in three years amid lingering concerns of a persistent supply glut. Pumpjacks are seen against the setting sun at the Daqing oil…
[ad_1] LONDON (Reuters) – World share and commodity prices rose on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a punishing end of year for markets globally. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain,…
[ad_1] BEIJING (Reuters) – Large crowds have flocked to Canada Goose’s new outdoor wear store in downtown Beijing, its first in mainland China, since its opening on Friday, despite sub-freezing temperatures and a chill in bilateral ties. A sign of Canadian luxury parka maker Canada Goose is pictured at its newly opened flagship store in…
[ad_1] BEIJING (Reuters) – China’s factory activity contracted for the first time in over two years in December, highlighting the challenges facing Beijing as it seeks to end a bruising trade war with Washington and reduce the risk of a sharper economic slowdown in 2019. FILE PHOTO: Employees work on a production line manufacturing light…
[ad_1] A whole host of federal tax changes come into effect in the new year. Some will hit your paycheque, others your bills — and if you’re a small business owner, there are a couple of changes coming for which you’ve likely been preparing for months. Starting in January, Canadians’ Canada Pension Plan contributions increase from 4.95…
[ad_1] Your New Year’s resolution to exercise more often could be easier — but more expensive — than ever if you latch on to the latest fitness trend. Streaming services à la Netflix are disrupting the fitness industry, offering on-demand, unlimited exercise classes on a subscription basis, in the comfort of your home. Pay a $49 Cdn monthly fee…
[ad_1] SYDNEY (Reuters) – Asian stocks rose on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a rough year-end for equities globally. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato/File Photo Survey…
[ad_1] FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/File Photo (Reuters) – Amazon.com Inc (AMZN.O) is planning to expand its Whole Foods Market portfolio by adding more stores to put more customers within its two-hour delivery service range, the Wall Street Journal reported…
[ad_1] TOKYO (Reuters) – The Tokyo District Court said on Monday it has extended the detention of ousted Nissan Motor Co chairman Carlos Ghosn by 10 days until Jan. 11. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer/File Photo…
[ad_1] TOKYO (Reuters) – The Tokyo District Court said on Monday it has extended the detention of ousted Nissan Motor Co chairman Carlos Ghosn by 10 days until Jan. 11. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer/File Photo…
[ad_1] Canada is set to release a replacement for its decade-old food guide next year, and it looks like the document will likely be in line with writer Michael Pollan’s commonly-cited dietary prescription “Eat food. Not too much. Mostly plants.” But the rumoured minimization of meats and dairy has some food producers concerned the updated guide…
[ad_1] FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer/File Photo TOKYO (Reuters) – The Tokyo District Court has extended the detention of ousted Nissan Motor Co chairman Carlos Ghosn by 10 days, TV Asahi reported on Monday. Ghosn, accused…
[ad_1] SYDNEY (Reuters) – Asian stocks crept higher on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a rough year-end for equities globally. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato/File Photo…
[ad_1] BOSTON (Reuters) – Investors could see one last boost to Wall Street stocks in the final trading session of the year on Monday, but they do not expect gains to offset losses in the worst December since the 1930s. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] SYDNEY (Reuters) – Asian stocks crept higher on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glint of optimism in what has been a disappointing year for equities in the region. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei…
[ad_1] NEW YORK (Reuters) – The stock market’s gyrations have grabbed the year-end headlines, but another key financial market, investment-grade U.S. corporate debt, is turning in its worst yearly performance since the financial crisis a decade ago. FILE PHOTO – A General Electric (GE) sign is seen during the China International Import Expo (CIIE), at…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – Jerome Powell had a bumpy first year as Federal Reserve chairman when it came to talking policy, by turns spooking and comforting investors even as economic data offered increasingly mixed signals and President Donald Trump stepped up his attacks on the U.S. central bank. Federal Reserve Board Chairman Jerome Powell…
[ad_1] The Royal Canadian Mint is creating two commemorative coins to mark the 75th anniversary of D-Day. The Liberal cabinet approved the design of the new toonies, one of which will have multiple colours instead of the usual two-toned coin, to commemorate a key turning point in the Second World War. On June 6, 1944…
[ad_1] Real estate agent Shawn Zigelstein remembers a time, just a few years ago, when a printer, scanner and fax machine were the most important tools of his trade. Now, those gadgets are nearly obsolete. “I don’t even know the last time I sent a fax, to be honest with you,” laughs Zigelstein, a sales…
[ad_1] The Comprehensive and Progressive Trans-Pacific Partnership, the 11-country Asia-Pacific trade agreement revived after being abandoned by the Americans, takes effect today. Agrifood exporters and consumers shopping for Japanese cars could benefit right away. But Canada’s greater goals for this agreement are strategic. “Right now, things are a bit sensitive with the United States,” said Brian Innes,…
[ad_1] When flood waters recede and hurricane-force winds die down, Canadians can expect it will take longer for their homes to be rebuilt or their power to be restored if the country’s labour market doesn’t soon catch up to the realities of climate change. More powerful and destructive storms are driving up demand for construction workers,…
[ad_1] FILE PHOTO: Deutsche Bank’s Supervisory Board Chairman Paul Achleitner addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) – Deutsche Bank is strong and its turnaround strategy is bearing fruit, Chairman Paul Achleitner said, ruling out the need for state aid and playing down…
[ad_1] FILE PHOTO: Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China’s Ministry of Transport in Beijing, China April 27, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China is willing to work with the United States to implement the consensus reached during…
[ad_1] A cyberattack caused major printing and delivery disruptions on Saturday at the Los Angeles Times and other major U.S. newspapers, including ones owned by Tribune Publishing Co such as the Chicago Tribune and Baltimore Sun. The cyberattack appeared to originate outside the United States, the Los Angeles Times reported, citing a source with knowledge…
[ad_1] SYDNEY (Reuters) – A landmark 11-country trade deal, a revamped version of the Trans-Pacific Partnership (TPP), came into force on Sunday with New Zealand’s trade minister hailing the opportunities it presented for exporters. FILE PHOTO – Delegates participate in the opening session of the Trans Pacific Partnership senior leaders meeting in Sydney, Australia August…
[ad_1] Crossovers, SUVs and trucks are taking over as many consumers idea of a “mainstream family vehicle,” newly released search data from Canada’s biggest online auto marketplace suggests. Autotrader.ca published its annual list of the top 10 most-searched vehicle models on Saturday. For the fourth straight year, the Ford F-150 took top spot. The Honda CR-V…
[ad_1] Canada Goose Inc., says its new store in Beijing has opened following a delay. The Toronto-based luxury parka maker has said the delay was due to ongoing construction. The announcement of the delay came in mid-December, in the midst of growing tensions between China and Canada following the arrest of Huawei Technologies chief financial officer…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Twitter on Saturday that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between the United States and China was progressing well. U.S. President Donald Trump listens to questions from reporters about an impending U.S.…
[ad_1] FILE PHOTO: U.S. President Donald Trump speaks during a signing ceremony for H.R. 2, the “Agriculture Improvement Act of 2018” in Washington, U.S., December 20, 2018. REUTERS/Jim Young/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump said on Twitter on Saturday that he had a “long and very good call” with Chinese President Xi…
[ad_1] Professionals without children may get the short end of the stick when it comes to work-life balance policies, new research has found. The study from York University’s School of Human Resources Management found that employees without children feel less welcome to attend to non-work aspects of their lives than colleagues who are parents. As…
[ad_1] Reports that U.S. President Donald Trump is threatening to up the stakes in his battle with Chinese tech giant Huawei in 2019 seem at first glance the kind of Trumpian sniping the world has grown to expect. But if it is true, as Reuters reported this past week, that Trump may sign an executive order prohibiting U.S.…
[ad_1] BERLIN (Reuters) – Germany on Friday cleared away legal hurdles for carmakers to upgrade exhaust emissions filtering systems on older diesel cars as a way to avoid vehicle bans, but failed to quell doubts among manufacturers and suppliers over the effectiveness of retrofits. FILE PHOTO: Cars pass a traffic sign, which ban diesel cars…
[ad_1] FILE PHOTO: The logo of JPMorgan Chase & Co (JPM) is seen in Los Angeles, California, United States, on October 12, 2010. REUTERS/Lucy Nicholson/File Photo HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) said on Friday that it had fined the Hong Kong branch of JPMorgan Chase & Co (JPM.N) HK$12.5 million…
[ad_1] (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. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. REUTERS/Eduardo Munoz 1/BEAR HUGS After swallowing markets from Germany…
[ad_1] (Reuters) – Tesla Inc on Friday named Oracle Corp co-founder Larry Ellison, a shareholder and self-described close friend of Chief Executive Elon Musk, to its board to provide the independent oversight demanded by U.S. regulators after Musk tweeted about taking the electric carmaker private. The move is meant to usher Tesla past months of…
[ad_1] FILE PHOTO: A general view of Dick’s Sporting Goods store in Stroudsburg, Pennsylvania, U.S., February 28, 2018. REUTERS/Eduardo Munoz (Reuters) – Sporting goods retailer Dick’s Sporting Goods Inc (DKS.N) said on Friday it will not renew its United States Olympic Committee (USOC) sponsorship beyond 2018. The company, in an emailed statement, cited “new investment…
[ad_1] (Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire’s hedge fund said on Friday. A Sears logo is seen inside a department store in…
[ad_1] NEW YORK (Reuters) – Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street’s cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019. Growth-oriented sectors like tech or communications services have typically dominated year-end roundups of investment ideas. But an uncertain economic…
[ad_1] (Reuters) – Music retailer HMV said on Friday it was calling in the administrators, blaming a worsening market for entertainment CDs and DVDs, to become the latest victim of brutal trading conditions in Britain’s retail sector. Pedestrians walk past an HMV shop in central London, Britain December 28, 2018. REUTERS/Peter Nicholls The accounting firm…
[ad_1] CHICAGO (Reuters) – Commodity traders are in the dark because of the partial U.S. government shutdown, unable to see daily and weekly reports of agricultural exports to obtain clues as to whether China is following through with promises to buy grain and soy amid the ongoing trade war. Soy beans are seen in a…
[ad_1] (Reuters) – The S&P 500 ended marginally lower in a choppy session on Friday, but major indexes posted weekly gains for the first time in December following a wild few days of trading that saw equities rebound from a prolonged slide. Major indexes moved in and out of positive territory during the day, action…
[ad_1] (Reuters) – Sears Holdings Corp Chairman Eddie Lampert has submitted a roughly $4.6 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, people familiar with the matter said on Friday. A Sears logo is seen inside a department store in…
[ad_1] A Sears logo is seen inside a department store in Garden City, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton (Reuters) – Sears Holdings Corp Chairman Eddie Lampert has submitted a roughly $4.6 billion takeover bid for the bankrupt retailer, representing its only chance of escaping liquidation and laying off tens of thousands of…
[ad_1] Aphria Inc. said it’s skeptical that an Ohio-based company’s hostile takeover offer would be a good deal for the Canadian cannabis company’s shareholders, a view shared by at least one pot sector analyst. Aphria said before markets opened Friday that the actual value of the shares it’s being offered is substantially lower than the…
[ad_1] Mills in the heart of Canada’s timber industry have fallen quieter this winter as wildfires and infestations made worse by climate change have made vast tracts of once valuable forest into barren stands of dead trees. After seeing record high softwood lumber prices earlier this year, Canada’s forestry industry is facing an uncertain future…
[ad_1] NEW YORK (Reuters) – Global investors gravitated toward safe-haven assets on Friday as worries about the world economy persisted, cutting short a two-day rebound in Wall Street stocks. U.S. stock indexes seesawed, making it difficult to end one of the most brutal December selloffs in memory on a high note. “Markets will likely remain…
[ad_1] CHICAGO (Reuters) – The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song Broad pain from trade tariffs outlined by several…
[ad_1] (Reuters) – U.S. stocks pushed higher in a choppy session on Friday following a wild week of trading that has seen equities rebound from a prolonged slide. Major indexes moved in and out of positive territory during the day, action that was emblematic of recent volatility though lacking the huge swings of the past…
[ad_1] (Reuters) – Dell Technologies Inc (DELL.N) returned to public markets on Friday, nearly six years after the company’s founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008. A logo of Dell Technologies is seen at the Mobile World Congress in…
[ad_1] (Reuters) – U.S. stocks flitted between gains and losses on Friday, struggling to extend their rally to a third straight day and cap a week that is on pace to snap a three-week losing streak. The week started off with Wall Street’s worst-ever Christmas Eve drop, followed by Dow Jones Industrial Average’s .DJI record…
[ad_1] NEW YORK (Reuters) – Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in U.S. equity markets but pressured by worries about a global glut of crude. Brent crude LCOc1 futures rose 6 cents to $52.22 a barrel by 1:12 p.m. EST…
[ad_1] A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith NEW YORK/RALEIGH, N.C. (Reuters) – Wells Fargo & Co (WFC.N) will pay $575 million to settle claims made by U.S. states that the bank created phony accounts and other customer abuses, according to a statement by the Iowa…
[ad_1] BOSTON (Reuters) – Nancy Farrington, a retiree who turns 75 next month, admits to being in a constant state of anxiety over the biggest December stock market rout since Herbert Hoover was president. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 28, 2018. REUTERS/Jeenah Moon…
[ad_1] Apple’s new iPhone XS and XS Max are displayed after it went on sale at the Apple Store in Tokyo’s Omotesando shopping district, Japan, September 21, 2018. REUTERS/Issei Kato (Reuters) – Citi Research on Friday slashed its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max,…
[ad_1] (Reuters) – Tesla Inc on Friday named two independent board directors, including Oracle Corp co-founder Larry Ellison, to fulfill a September deal that resolved federal charges that arose from Chief Executive Elon Musk’s tweet about taking the electric carmaker private. FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at…
[ad_1] A logo of Dell Technologies is seen at the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman (Reuters) – Dell Technologies Inc’s Class C shares opened at $46 in their return to public markets on Friday, after the company bought back shares tied to its interest in software maker VMware earlier…
[ad_1] A home for sale that is currently under contract is seen in Silver Spring, Maryland, December 30, 2015. Contracts to buy previously owned U.S. homes fell in November for the third time in four months, a signal that growth in the U.S. housing market could be cooling. The National Association of Realtors (NAR) said…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. REUTERS/Eduardo Munoz (Reuters) – U.S. stocks opened higher on Friday in broad-based gains, with technology stocks providing the biggest boost as the market rallied for the third day. The Dow Jones Industrial Average .DJI rose…
[ad_1] Nova Scotia’s information and privacy commissioner says it is important for people to pay attention to the privacy settings on their smart devices. Catherine Tully says people don’t take the time to figure out exactly what information is being recorded and monitored. Devices such as Google Home, the Amazon Echo smart speakers and smart watches…
[ad_1] LONDON (Reuters) – World stocks rose to one-week highs on Friday and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets. Safe-haven assets were also in demand amid broader doubts about the market stability that in turn eroded the dollar’s appeal.…
[ad_1] BERLIN (Reuters) – U.S. President Donald Trump’s criticism of the Russian-backed Nord Stream 2 pipeline is no reason to stop the project and any attempt to do so would be difficult now that it is being built, European Commissioner Guenther Oettinger said. European Union Budget Commissioner Guenther Oettinger holds a news conference to present…
[ad_1] Employees leave after a working shift at the Achinsk refinery, which was acquired by Rosneft company in 2007 and currently processes West Siberian crude delivered via the Transneft pipeline system, in Krasnoyarsk Region, Russia July 23, 2018. Picture taken July 23, 2018. REUTERS/Ilya Naymushin MOSCOW (Reuters) – Russia’s largest oil producer Rosneft (ROSN.MM) will…
[ad_1] FILE PHOTO: New York Yankees’ Derek Jeter waits to bat as he stands near the Yankees logo painted on the infield behind home plate during the fourth innings of the Yankees’ game against the Tampa Bay Rays at Yankee Stadium in New York, July 8, 2008. REUTERS/Mike Segar (Reuters) – The New York Yankees…
[ad_1] PARIS (Reuters) – France’s Vinci (SGEF.PA) is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain’s second-busiest airport, London’s Gatwick, for 2.9 billion pounds ($3.7 billion), the construction company said on Thursday. The deal to buy a 50.01 percent stake gives Vinci, which already runs 45…
[ad_1] FILE PHOTO: U.S. Food and Drug Commissioner Scott Gottlieb attends an interview at Reuters headquarters in New York City, U.S., October 10, 2017. REUTERS/Eduardo Munoz (Reuters) – The U.S. Food and Drug Administration (FDA) plans to meet top-level executives of e-cigarette makers, the agency’s chief said on Thursday, hinting that some companies seem to…
[ad_1] LONDON (Reuters) – Stocks in Europe and Asia rose cautiously on Friday after Wall Street ended a volatile session with big gains, but fears of further price swings and worries about U.S. politics kept safe-haven currencies such as the yen and Swiss franc in demand. FILE PHOTO: Pedestrians are reflected on an electronic board…
[ad_1] PARIS (Reuters) – France’s CGT union has called for more transparency at Renault (RENA.PA) and its Dutch holding company and asked the French government, one of the carmaker’s shareholders, to try to shed light on its workings, a CGT representative said on Thursday. FILE PHOTO: A combination picture shows logos of Japan’s Nissan and…
[ad_1] LONDON (Reuters) – Oil prices rebounded on Friday, clawing back some of the ground lost this week, but remained close to their lowest levels in more than a year as rising U.S. inventories and concern over global economic growth kept markets under pressure. FILE PHOTO: A maze of crude oil pipes and valves is…
[ad_1] The third prototype of China’s home-built passenger jet C919 takes off during its first test flight at Shanghai Pudong International Airport in Shanghai, China December December 28, 2018. REUTERS/Stringer BEIJING (Reuters) – A third prototype of China’s home-built C919 narrowbody passenger jet completed its first test flight on Friday, its manufacturer said, in another…
[ad_1] SEOUL (Reuters) – Oil prices rose by a $1 on Friday to win back some of the ground they lost in the previous session, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure. FILE PHOTO: A maze of crude oil pipes and valves is pictured during…
[ad_1] (Reuters) – Crude oil output has more than doubled in New Mexico over the last four years, making it the No. 3 producer among U.S. states, but a January change in state leadership to Democratic control has industry executives fearing tougher regulations are coming. FILE PHOTO: An piece of oilfield equipment used to separate…
[ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market. Nissan cars are seen at a storage area in Guangzhou,…
[ad_1] TOKYO (Reuters) – Asia stocks advanced on Friday after Wall Street ended volatile trade in positive territory, adding to the previous session’s big gains, although lingering investor jitters helped support safe-haven currencies such as the yen. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo, Japan…
[ad_1] MEXICO CITY (Reuters) – Mexico’s government unveiled a plan on Thursday to step up use of the armed forces to combat fuel theft, vowing to root out corrupt officials it says are largely responsible for a problem that has cost the country billions of dollars. FILE PHOTO: A policeman inspects barrels containing stolen diesel…
[ad_1] MOSCOW/HONG KONG (Reuters) – Russian aluminum company Rusal said on Friday it has appointed independent non-executive director Jean-Pierre Thomas as its new chairman as part of an agreed restructuring in exchange for the lifting of U.S. sanctions. FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter…
[ad_1] FILE PHOTO: Brine pools from a lithium mine, that belongs U.S.-based Albemarle Corp, is seen on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018. REUTERS/Ivan Alvarado/File Photo SANTIAGO (Reuters) – Chile will delay a previously announced arbitration with Albemarle Corp (ALB.N), the world’s top lithium producer, in anticipation that the…
[ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) plans to cut vehicle production in China by 30,000 units in the coming months, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market. Nissan cars are seen at a storage area in Guangzhou, Guangdong province,…
[ad_1] 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 WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N) has been awarded a $712 million U.S. defense contract for the development of advanced hardware in support of the F-35 Lightning…
[ad_1] TOKYO (Reuters) – Asia stocks gained on Friday after Wall Street ended volatile trade in the green, adding to the big advances of the previous session, although lingering investor jitters helped support safe-haven currencies such as the yen. FILE PHOTO: Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in…
[ad_1] FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Russia October 3, 2018. REUTERS/Ilya Naymushin/File Photo HONG KONG (Reuters) – Russian aluminium company Rusal said on Friday that its board of directors has elected Jean-Pierre Thomas as its new chairman as part of an…
[ad_1] (Reuters) – U.S. cannabis retailer Green Growth Brands Ltd (GGB.CD) said on Thursday it would make a hostile takeover bid for Aphria Inc (APHA.TO) in an all-stock deal valuing the Canadian pot producer at C$2.8 billion ($2.06 billion). Aphria CEO Vic Neufeld poses near a wall covering of a marijuana leaf at a party…
[ad_1] FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo WASHINGTON (Reuters) – Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value,…
[ad_1] TOKYO (Reuters) – Asia stocks inched higher on Friday after Wall Street ended volatile trade in the green, adding to the massive gains of the previous session although lingering investor jitters helped support safe-haven currencies such as the yen. Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo,…
[ad_1] Canadian National Railway Co. says it is planning to build a pilot plant worth up to $50 million next year to create pucks made of oilsands bitumen to transport by rail and ships to customers around the world. CN has been working for years on a technology that mixes and coats the heavy, sticky…
[ad_1] A U.S. marijuana company called Green Growth Brands Ltd. announced Thursday it will make an offer for Aphria, valuing the marijuana producer at $2.8 billion. Green Growth said Aphria shareholders would be offered 1.5714 Green Growth shares for each Aphria share. This offer would represent a premium of 45.5 per cent over Aphria’s closing price on the…
[ad_1] (Reuters) – U.S. stocks roared back to end in positive territory on Thursday following steep losses for much of the session, as equities rebounded for a second day. The failure of an initial selloff to gain more momentum lent credence to the idea that the extended bout of selling pressure may be coming to…
[ad_1] NEW YORK (Reuters) – Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department…
[ad_1] NEW YORK (Reuters) – A wild Christmas week ride in global markets continued on Thursday as stocks rallied from significant losses to post gains for the day. For the second consecutive session, early weakness in markets turned to strength by the time U.S. stocks closed as investors shuffled their portfolios. “We had a very…
[ad_1] NEW YORK (Reuters) – U.S. stocks ended positive on Thursday, with major indexes roaring back late from steep losses earlier in the session, as a late-year rebound in equities continued for a second day. The Dow Jones Industrial Average .DJI rose 256.19 points, or 1.12 percent, to 23,134.64, the S&P 500 .SPX gained 20.45…
[ad_1] Enbridge is getting a $14.7-million refund on fees it paid Canada’s federal energy regulator for a pipeline it won’t build. The Northern Gateway pipeline was supposed to connect Alberta’s oilpatch to a port in Kitimat, B.C., but the plan came apart when the federal Liberals banned tanker traffic from British Columbia’s northern coast. Without…
[ad_1] A Winnipeg-based cannabis producer under fire for selling unapproved product has terminated the jobs of all three senior managers who were running the company at the time. George Robinson, CEO of RavenQuest Technologies Inc., a third-party management company, wouldn’t speculate on the motivations of Bonify’s executive structure but said the individuals have been accused of bullying and threatening the staff workers…
[ad_1] Canadian Pacific Railway Ltd. says Unifor members have ratified a four-year labour agreement covering about 1,200 employees responsible for maintaining rail cars and locomotives. The two sides reached a tentative agreement for Unifor Local 101R in early December. The previous contract is set to expire Dec. 31. Details of the agreement haven’t been disclosed,…
[ad_1] Plunging world oil prices have delivered a Christmas miracle of lower gasoline prices across most of Canada but a fuel price expert says motorists should fill up now ahead of an expected increase this weekend. Dan McTeague, a senior petroleum analyst at GasBuddy.com, says gasoline prices are at near-18-month lows because of global oil…
[ad_1] The employment gap between immigrants and Canadian-born workers is narrowing, as employers increasingly rely on newcomers to fill jobs, new research from Statistics Canada shows. The federal research agency found 78.9 per cent of newcomers aged 25 to 54 are in the workforce, compared to 84 per cent of people who are Canadian-born. The unemployment…
[ad_1] (Reuters) – U.S. stocks fell broadly on Thursday, giving back a chunk of the previous day’s big rally, as fresh concerns arose about the U.S. economy with a measure of consumer confidence dropping by the most in more than three years. The pullback on the heels of Wednesday’s huge advance, which featured the Dow…
[ad_1] (Reuters) – U.S. stocks fell broadly on Thursday, giving back a chunk of the previous day’s big rally, as fresh concerns arose about the U.S. economy with a measure of consumer confidence dropping by the most in more than three years. The pullback on the heels of Wednesday’s huge advance, which featured the Dow…
[ad_1] (Reuters) – A dramatic global stock rally faded on Thursday after a fall in Chinese industrial profits offered a reminder of the pressures on the world economy. Still, an index of world stocks stayed off near two-year lows hit earlier this week before Wednesday’s 1,000 point-plus surge on the U.S. Dow Jones index, which…
[ad_1] A day after Wednesday’s dramatic rise, New York stock markets have reversed course, sinking lower amid uncertainty over trade and U.S. growth. On Thursday morning, the Dow industrial index was down 340 points to 22,524, after gaining 1,000 points, or five per cent, the day before. The broader S&P index fell 52 points to 2,415 and…
[ad_1] (Reuters) – U.S. stocks extended losses on Thursday, with the Dow Jones Industrial Average shedding nearly half of its more than 1,000 point gain notched in the previous session after data showed consumer confidence in December fell to its lowest level since July. At 10:31 a.m. EDT the Dow Jones Industrial Average .DJI was…
[ad_1] (Reuters) – U.S. stocks tumbled 1 percent on Thursday in a broad-based decline led by energy shares, giving back some of the gains from a spectacular rally a day earlier that helped the blue-chip Dow Jones Industrial Average surge more than 1,000 points for the first time ever. All the 11 S&P sectors fell…
[ad_1] The Canadian economy entered 2018 on an unexpectedly impressive run, and will begin 2019 on a healthy note. But signs of weakness have raised a key question: How long before the good times end? Through much of 2018, Canada’s unemployment rate hovered near a 40-year low and job creation remained strong as the evidence…
[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 BEIJING (Reuters) – Tesla Inc (TSLA.O) has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the…
[ad_1] University of Calgary engineers say they’ve come up with a fresh and effective way to help clean up oil spills. The process uses a material they call a “super sponge” It’s non-toxic and biodegradable to boot. Nashaat Nassar puts bitumen into a two-litre glass container filled with water and then flicks a switch. The…
[ad_1] BEIJING (Reuters) – China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war. FILE PHOTO: U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo, U.S. President Donald…
[ad_1] WASHINGTON (Reuters) – President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration to…
[ad_1] SAN JOSE DE BARLOVENTO, Venezuela (Reuters) – Venezuela cocoa trader Freddy Galindo has battled highway robberies, kidnappings of family members and declining quality in his 19 years exporting the nation’s legendary beans. This year’s harvest brought a new worry: meddling by the socialist government. He said trucks filled with beans leaving his warehouse in…
[ad_1] MUMBAI/DELHI (Reuters) – Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. A motorcyclist rides past the logo of Foxconn,…
[ad_1] SINGAPORE (Reuters) – Chinese state oil major Sinopec has suspended the two top officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on Thursday. FILE PHOTO: Unipec’s President Chen Bo speaks at the 34th Asia Pacific Petroleum Conference (APPEC) in Singapore September 24, 2018. REUTERS/Edgar…
[ad_1] LONDON (Reuters) – World stocks bounced off a near two-year low on Thursday, lifted by a dramatic Wall Street surge, though a fall in Chinese industrial profits and renewed Italian banking worries offered a sobering reminder of the problems weighing on the world economy. The Dow Jones Industrial Average surged more than 1,000 points…
[ad_1] LONDON (Reuters) – Oil prices fell more than 1 percent on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. FILE PHOTO: A maze of crude oil pipes and…
[ad_1] Forget about accounting class and marketing 101. Canadian business school leaders say soft skills such as creativity and agility are now cornerstones of business education, as universities and colleges adapt to a world where many of the jobs graduates will hold don’t even exist today. They say there’s still a role for those business basics, but…
[ad_1] BEIJING (Reuters) – China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference at the…
[ad_1] (This December 17 story has been refiled to fix typographic error in paragraph 44) FILE PHOTO: A taxi driver takes part in a protest against a carpool service application that will be launched by Kakao Corp later this year, in central Seoul, South Korea, October 18, 2018. REUTERS/Kim Hong-Ji/File Photo By Ju-min Park and…
[ad_1] TOKYO (Reuters) – Asian shares on Thursday rode a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. Pedestrians talk in front of an electronic board showing Nikkei share average…
[ad_1] SEOUL (Reuters) – Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well…
[ad_1] WASHINGTON (Reuters) – President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. FILE PHOTO: A man walks past a sign board of Huawei…
[ad_1] BEIJING/SHANGHAI (Reuters) – China has proposed a ban on forced technology transfer and illegal government “interference” in foreign business operations, practices that have come under the spotlight in a trade dispute with the United States. FILE PHOTO: A Chinese official adjusts a Chinese flag before the start of a meeting between Foreign Minister Wang…
[ad_1] FILE PHOTO: A fence surrounds the U.S. Department of Commerce in Washington October 5, 2013. REUTERS/Mike Theiler (Reuters) – The U.S. Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman. The…
[ad_1] FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song/File Photo WASHINGTON (Reuters) – A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter. The delegation will…
[ad_1] SEOSAN, South Korea (Reuters) – South Korea’s SK Innovation (096770.KS), a supplier of electric vehicle (EV) batteries to Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE), aims to boost production capacity more than tenfold by 2022, betting on global demand. FILE PHOTO: FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in…
[ad_1] TOKYO (Reuters) – Asian shares on Thursday rode a dramatic surge on Wall Street as markets, hammered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. A screen displays the Dow Jones Industrial Average after the close of…
[ad_1] SEOUL (Reuters) – Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well…
[ad_1] FILE PHOTO: Unipec’s President Chen Bo speaks at the 34th Asia Pacific Petroleum Conference (APPEC) in Singapore September 24, 2018. REUTERS/Edgar Su SINGAPORE (Reuters) – Chinese state oil major Sinopec (600028.SS) has suspended two senior officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on…
[ad_1] FILE PHOTO: Unipec’s President Chen Bo speaks at the 34th Asia Pacific Petroleum Conference (APPEC) in Singapore September 24, 2018. REUTERS/Edgar Su SINGAPORE (Reuters) – Chinese state oil major Sinopec (600028.SS) has suspended two senior officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on…
[ad_1] TOKYO (Reuters) – Asian shares on Thursday latched on to a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. Visitors look at a stock quotation board at Tokyo Stock…
[ad_1] A General Dynamics sign is shown at the International Association of Chiefs of Police conference in San Diego, California, U.S. October 17, 2016. REUTERS/Mike Blake WASHINGTON (Reuters) – The U.S. Defense Department said on Wednesday it had awarded contracts for submarine maintenance and modernization to General Dynamics Corp (GD.N) for $1.1 billion, to Huntington…
[ad_1] SEOUL (Reuters) – U.S. oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well…
[ad_1] TOKYO(Reuters) – It’s a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment. An employee of Mercari Inc. Takashi Murakami, 23, poses for a photograph at the company office in Tokyo, Japan, December…
[ad_1] NEW YORK (Reuters) – One notable factor in Wall Street’s monster rally on Wednesday was a record gain in an index of stocks that have the largest bets placed against them by market contrarians. A trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,December…
[ad_1] BOSTON (Reuters) – The former chief executive of Insys Therapeutics Inc (INSY.O) has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication in order to boost its sales, U.S. prosecutors said on Wednesday. FILE PHOTO: A box of the Fentanyl-based drug Subsys, made by Insys…
[ad_1] CARACAS (Reuters) – Exxon Mobil Corp (XOM.N) said on Wednesday its oil drilling and development activities offshore Guyana were unaffected by a weekend incident in which Venezuela’s navy stopped two exploration vessels the company had hired. The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York…
[ad_1] (Reuters) – The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy. Following Wall Street’s worst-ever Christmas Eve drop in the previous…
[ad_1] FILE PHOTO: The logo of JPMorgan Chase & Co (JPM) is seen in Los Angeles, California, United States, on October 12, 2010. REUTERS/Lucy Nicholson/File Photo WASHINGTON (Reuters) – JPMorgan Chase & Co (JPM.N) will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and Exchange Commission…
[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 26, 2018. REUTERS/Jeenah Moon NEW YORK (Reuters) – The Dow Jones Industrial Average surged at least 1,000 points in a single session for the first time on Wednesday in a broad stock rebound that also saw…
[ad_1] BEIJING (Reuters) – Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan Chairman Carlos Ghosn center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said. FILE PHOTO: Carlos Ghosn, chairman and…
[ad_1] (Reuters) – U.S. stocks were rebounding sharply on Wednesday, fueled by an Amazon-led surge in retail shares after a steep slide for equities had put the S&P 500 on the brink of a bear market. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 26,…
[ad_1] (Reuters) – Sales in the 2018 U.S. holiday shopping season rose 5.1 percent to over $850 billion, the strongest in six years, according to a Mastercard report on Wednesday, as shoppers were encouraged by a robust economy and early discounts. The data follows Amazon.com Inc’s announcement of a “record-breaking” selling season, with the online…
[ad_1] NEW DELHI/MUMBAI (Reuters) – India will ban e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest. A shipment moves on a conveyor belt at an Amazon Fulfillment Centre (BLR7) on the outskirts of Bengaluru, India, September 18, 2018. REUTERS/ Abhishek N. Chinnappa…
[ad_1] (Reuters) – U.S. stocks shrugged off a faltering start to rise over 2 percent on Wednesday, as a rebound in technology shares and an Amazon-led jump in retailers put the market on pace to snap a four-session losing streak. A trader works on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] NEW YORK (Reuters) – Oil surged on Wednesday, erasing some of the steep losses that have taken crude benchmarks to lows not seen in 1-1/2 years on perceptions the price slide has gone too far, too fast. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian…
[ad_1] The major U.S. stock markets jumped out of the gate on Wednesday after a few days of gloom that dragged them to what is shaping up to be their worst December performance ever, but then sagged as the opening frenzy died down. Wednesday’s trading could mark the end of the longest so-called bull run…
[ad_1] (Reuters) – Stocks and oil prices rebounded on Wednesday as the Trump administration attempted to shore up confidence and markets welcomed a report on strong U.S. holiday spending. MSCI’s gauge of stocks across the globe gained 0.22 percent, while Brent crude futures were last at $52.42, up 3.86 percent. Benchmarks for both oil and…
[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 26, 2018. REUTERS/Jeenah Moon (Reuters) – The S&P 500 .SPX slipped into the red on Monday, reversing course after having risen more than 1 percent earlier in the session and pushing the benchmark index closer toward…
[ad_1] (Reuters) – Wall Street’s industry funded watchdog fined the U.S. brokerage unit of Morgan Stanley (MS.N) $10 million on Wednesday for compliance failures in the firm’s anti-money laundering program, the regulator said. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson The Financial Industry Regulatory…
[ad_1] A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 24, 2018. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY (Reuters) – U.S. stocks opened higher on Wednesday, led by technology and retail shares, after a punishing few sessions left the benchmark S&P…
[ad_1] The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. Standard & Poor’s Ratings Services said on April 26, 2016, it had cut Exxon Mobil Corp’s corporate credit rating to “AA+” from “AAA,” citing the impact of low…
[ad_1] CARACAS (Reuters) – Last July 6, Major General Manuel Quevedo joined his wife, a Catholic priest and a gathering of oil workers in prayer in a conference room at the headquarters of Petroleos de Venezuela SA, or PDVSA. The career military officer, who for the past year has been boss at the troubled state-owned…
[ad_1] (Reuters) – U.S. stock futures rose on Wednesday, indicating a slight respite after punishing few sessions that have pushed the S&P 500 near bear market territory on worries over slowing growth and the recent drama in the White House. A trader works on the floor of the New York Stock Exchange shortly after the…
[ad_1] NEW YORK (Reuters) – The big uptick in stock market gyrations this year has made a surprise winner out of a trade that has rarely delivered a win – buying and holding volatility. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid…
[ad_1] FILE PHOTO: Iran’s Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader DUBAI (Reuters) – Private buyers of Iranian crude have had “no problems” exporting it, Iran’s oil minister was quoted as saying on Wednesday by state news agency IRNA, despite U.S. sanctions targeting Iran’s oil…
[ad_1] FILE PHOTO: A man walks out of an office building of Sinochem in Beijing, China February 21, 2017. REUTERS/Damir Sagolj BEIJING (Reuters) – A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday. Cai Xiyou, who headed one of the world’s largest chemical…
[ad_1] BERLIN (Reuters) – Germany’s leading industry groups said on Wednesday that Britain’s departure from the European Union and trade disputes triggered by U.S. President Donald Trump’s ‘America First’ policies were posing the biggest risks to growth and prosperity. FILE PHOTO: BDI president Dieter Kempf addresses a news conference before the German Industry Day, hosted…
[ad_1] LONDON (Reuters) – Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC-led effort to tighten supply. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original…
[ad_1] FILE PHOTO: A man walks out of an office building of Sinochem in Beijing, China February 21, 2017. REUTERS/Damir Sagolj BEIJING (Reuters) – A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison, state TV reported on Wednesday. Cai Xiyou, who headed one of the world’s largest chemical…
[ad_1] SEOUL (Reuters) – Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern…
[ad_1] TOKYO (Reuters) – Asian stock markets retreated again on Wednesday, extending a rout that began last week as U.S. political uncertainty exacerbated worries over slowing global economic growth. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato Investors were unnerved by the U.S. federal…
[ad_1] TOKYO (Reuters) – Nissan director Greg Kelly was being examined in a hospital on Wednesday, a source said, a day after he was released on bail from a Tokyo jail where his former boss Carlos Ghosn is still being detained. Greg Kelly, the former deputy of ousted Nissan chairman Carlos Ghosn, is seen in…
[ad_1] TOKYO (Reuters) – Global stock markets headed into the year-end under a heavy cloud after another rout this week as U.S. political uncertainty added to heightened concerns over slowing global economic growth. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato Asian equities were…
[ad_1] FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS/Brendan McDermid SEOUL (Reuters) – Oil prices were mixed in thin trading on Wednesday as the U.S. benchmark rebounded from…
[ad_1] TOKYO (Reuters) – Global stock markets were heading into the year-end under a heavy cloud after another rout this week as U.S. political uncertainty added to heightened concerns over slowing global economic momentum. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato Asian equities…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Tuesday expressed confidence in Treasury Secretary Steven Mnuchin amid worries over a weakening economy and a stock market slump, but repeated his criticism of the U.S. Federal Reserve, saying it has raised interest rates too quickly. Speaking to reporters in the Oval Office after a Christmas video…
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity for investors. FILE PHOTO: U.S. President Donald Trump holds a video call with U.S. military service members…
[ad_1] Russian Energy Minister Alexander Novak arrives at the OPEC headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard Foeger MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. The Organization of…
[ad_1] TOKYO (Reuters) – Former Nissan Motor Co Representative Director Greg Kelly has been released on bail after more than a month in detention on financial-misconduct charges, as a Tokyo court rejected prosecutors’ request to keep the American executive in custody. Media crews are seen on step ladders in front of the Tokyo Detention Center,…
[ad_1] TOKYO (Reuters) – Former Nissan Motor Co Representative Director Greg Kelly was set to be released after more than a month in detention on Tuesday, when a Tokyo court rejected prosecutors’ request to hold the American executive. Media crews are seen on step ladders in front of the Tokyo Detention Center, where Nissan’s arrested…
[ad_1] Media crews are seen on step ladders in front of the Tokyo Detention Center, where Nissan’s arrested chairman Carlos Ghosn and a former Nissan executive Greg Kelly are being held, in Tokyo, Japan December 25, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Former Nissan Motor Co Representative Director Greg Kelly was released late on Tuesday…
[ad_1] Members of media crews are seen on step ladders in front of the Tokyo Detention Center, where Nissan’s arrested chairman Carlos Ghosn and a former Nissan executive Greg Kelly are being held, in Tokyo, Japan December 25, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Former Nissan Motor Co Representative Director Greg Kelly was set to…
[ad_1] FILE PHOTO: An Intel logo is seen at the company’s offices in Petah Tikva, near Tel Aviv, Israel October 24, 2011. REUTERS/Nir Elias/File Photo JERUSALEM (Reuters) – Israel will give Intel Corp (INTC.O) a 700 million shekel ($185 million) grant in return for a planned $5 billion expansion of its production operations in Israel.…
[ad_1] Technology being used to stock high-end Toronto restaurants with designer leafy greens could provide Northern Canadians with locally grown produce. That’s the view of academic experts and entrepreneurs involved with a high-tech vertical garden housed in an east-end Toronto warehouse. “We’re going to grow food using light recipes to make economic food, to make food…
[ad_1] TOKYO (Reuters) – Former Nissan Motor Representative Director Greg Kelly was granted bail by a Tokyo court on Tuesday, raising the possibility he could be freed before Christmas was over, although Carlos Ghosn, the automaker’s ousted chairman, remains in custody. Media crews are seen on step ladders in front of the Tokyo Detention Center,…
[ad_1] A man leaves the Favorite Auto Centre dealership selling GAZ commercial vans, produced by Russian GAZ car maker, in Russia’s Siberian city of Krasnoyarsk July 10, 2014. REUTERS/Ilya Naymushin MOSCOW (Reuters) – Talks aimed at lifting U.S. sanctions on Russian automaker GAZ (GAZA.MM) are ongoing with the U.S. Treasury Department, and the company is…
[ad_1] Media crews are seen on step ladders in front of the Tokyo Detention Center, where Nissan’s arrested chairman Carlos Ghosn and a former Nissan executive Greg Kelly are being held, in Tokyo, Japan December 25, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Former Nissan Motor Co Representative Director Greg Kelly was granted bail by the…
[ad_1] Media crews are seen on step ladders in front of the Tokyo Detention Center, where Nissan’s arrested chairman Carlos Ghosn and a former Nissan executive Greg Kelly are being held, in Tokyo, Japan December 25, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Former Nissan Motor Co Representative Director Greg Kelly was granted bail by the…
[ad_1] The good times kept on rolling this year for Salesforce with all of the requisite ingredients of a highly successful cloud company — the steady revenue growth, the expanding product set and the splashy acquisitions. The company also opened the doors of its shiny new headquarters, Salesforce Tower in San Francisco, a testament to…
[ad_1] CARACAS (Reuters) – Guyana’s government is “in discussion” with Exxon Mobil after two ships searching for oil off the South American country’s coast halted work following a weekend confrontation with Venezuela’s navy, Guyana’s foreign minister said on Monday. FILE PHOTO: Venezuelan soldiers are seen onboard a ship during the Zamora 200 military exercise in…
[ad_1] WASHINGTON (Reuters) – President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials convened to discuss the growing rout in stock markets caused in part by the president’s attacks on the central bank. Stocks fell again on Monday amid concern about slowing…
[ad_1] U.S. President Donald Trump speaks during a bill signing ceremony for the “First Step Act” and the “Juvenile Justice Reform Act” in the Oval Office of the White House in Washington, U.S., December 21, 2018. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump blasted America’s independent central bank on Monday, describing the…
[ad_1] Canada Post says the cost for an individual stamp on a letter sent within Canada will jump to $1.05, instead of a loonie, starting Jan. 14. Other increases for mail within the country range between a dime and 35 cents depending on the size of the letter. The cost of sending letters to the…
[ad_1] WASHINGTON (Reuters) – U.S. Treasury officials were not concerned with liquidity in the banking system when Treasury Secretary Steven Mnuchin reached out to top U.S. bank CEOs in phone calls on Sunday, CNBC reported on Monday, citing a senior Treasury official. In a statement on Sunday issued after Mnuchin’s calls with the chief executives…
[ad_1] WASHINGTON (Reuters) – The Trump administration is arranging a phone call on Monday with top regulators to discuss financial markets amid a rout on Wall Street. U.S. President Donald Trump answers questions about his responses to the violence, injuries and deaths at the “Unite the Right” rally in Charlottesville as he talks to the…
[ad_1] A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. REUTERS/Brian Snyder WASHINGTON (Reuters) – U.S. financial regulators told the Treasury Department on Monday they were not seeing anything out of ordinary in financial markets during the recent sell-off, according to a source familiar with the matter. On a call convened…
[ad_1] (Reuters) – A gauge of stocks worldwide posted an eighth straight decline on Monday as investors ignored Trump administration attempts to reinforce confidence and the U.S. president called the Federal Reserve the “only problem our economy has.” Investors, also facing the likelihood of a prolonged U.S. government shutdown, fled to the relative safety of…
[ad_1] WASHINGTON (Reuters) – President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials convened to discuss a growing rout in stock markets caused in part by the president’s attacks on the central bank. Stocks fell again on Monday amid concern about slowing…
[ad_1] (Reuters) – The Federal Reserve is finished raising U.S. interest rates. FILE PHOTO: A cyclist passes the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo That is the message emerging from the interest rate futures market as Monday’s full-blown flight from risk assets drove traders to price out nearly…
[ad_1] (Reuters) – The S&P 500 tumbled to the brink of a bear market on Monday as U.S. stocks extended their steep sell-off in a pre-holiday shortened session, with investors rattled by the U.S. Treasury secretary’s convening of a crisis group and by other political developments. A trader works on the floor of the New…
[ad_1] NEW YORK (Reuters) – Oil prices plunged more than 6 percent to the lowest in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the…
[ad_1] CARACAS (Reuters) – Exxon Mobil and a seismic research company it hired to search for oil off the coast of Guyana declined on Monday to say when they might resume exploration work halted after a weekend confrontation with Venezuela’s navy. FILE PHOTO: Venezuelan soldiers are seen onboard a ship during the Zamora 200 military…
[ad_1] A steep sell-off in U.S. stocks worsened in a pre-holiday shortened session on Monday, as a move by the U.S. Treasury secretary to convene a crisis group and other political developments rattled investors and pushed the S&P 500 to the brink of a bear market. [ad_2] Source link
[ad_1] WASHINGTON (Reuters) – President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials discussed a rout in stock markets caused in part by the president’s feud with the central bank. Stocks fell again at the open on Monday amid concern about slowing…
[ad_1] (Reuters) – A gauge of stocks worldwide hurtled toward an eighth straight decline on Monday as investors ignored the U.S. Treasury secretary’s actions to reinforce confidence in the economy and President Donald Trump criticized the Federal Reserve as “the only problem our economy has.” Investors, also facing the likelihood of a prolonged U.S. government…
[ad_1] WASHINGTON (Reuters) – The Trump administration is arranging a phone call on Monday with top U.S. regulators to discuss financial markets as stocks fell again amid concern about slowing growth, the government shutdown and the independence of the Federal Reserve, the Treasury Department said. Treasury Secretary Steven Mnuchin will host the call with the…
[ad_1] Air Canada’s acquisition of the Aeroplan loyalty program has received all required federal regulatory approvals ahead of a shareholders’ vote on a $450-million agreement reached by the airline in November. Shareholders of current Aeroplan owner Aimia Inc. are scheduled to vote on the cash deal on Jan. 8. Under the agreement, Air Canada will buy…
[ad_1] LONDON (Reuters) – Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink,…
[ad_1] (Reuters) – Wall Street was set to open lower in a shortened session on Monday, with investors digesting a slew of news from White House over the weekend amid the benchmark S&P 500’s worst December since the Great Depression. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] LONDON (Reuters) – Oil fell on Monday, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. Picture taken…
[ad_1] A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company’s IPO, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Regional lender Cadence Bancorp (CADE.N) said on Monday it will offer 4.3 million additional…
[ad_1] OSLO (Reuters) – Norwegian Air (NWC.OL) announced a $230 million cost savings program on Monday along with steps including the refinancing of one Boeing (BA.N) 787 Dreamliner that the budget airline said would generate more than $30 million in liquidity. FILE PHOTO: A Norwegian Air Boeing 737-800 is seen during the presentation of Norwegian…
[ad_1] LONDON (Reuters) – Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about the outlook for demand tempered gains. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink,…
[ad_1] LONDON (Reuters) – World stocks were set for their seventh straight day of losses on Monday, as investors nervy about the possibility of a prolonged U.S. government shutdown and a worsening global economy opted for the safety of bonds and gold. People walk through the lobby of the London Stock Exchange in London, Britain…
[ad_1] LONDON (Reuters) – Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about the outlook for demand tempered gains. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink,…
[ad_1] People walk past the logo of Hyundai on the car maker’s booth at the 2016 Moscow International Auto Salon in Moscow, Russia, August 24, 2016. REUTERS/Maxim Shemetov/File Photo MOSCOW (Reuters) – South Korea-based carmaker Hyundai Motor Co. (005380.KS) expects growth in the Russian auto market to slow sharply next year, the head of its…
[ad_1] When Sean Virsunen of Collingwood, Ont., was looking for an aquarium heater recently, he did what a lot of Canadians do: He shopped around online to find the best price. He eventually found the item he thought would suit his needs on Walmart.ca for a great price — $15.97 Cdn. “I knew it was going to be something…
[ad_1] FILE PHOTO: A logo of insurer AXA at the company’s offices in Brussels, Belgium, March 5, 2018. REUTERS/Yves Herman/File Photo ZURICH (Reuters) – French insurer AXA’s (AXAF.PA) 4,300 Swiss employees mistakenly got double their normal December salaries in a Christmas surprise that quickly fell flat when they learned they would not be allowed to…
[ad_1] BEIJING/SHANGHAI (Reuters) – On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup. FILE PHOTO: A worker transports bicycles of the bike-sharing startup Ofo…
[ad_1] SEOUL (Reuters) – South Korea’s transport ministry said it would file a complaint against German luxury carmaker BMW (BMWG.DE) with prosecutors for allegedly delaying recalls and concealing defects that led to several engine fires in the country this year. The BMW logo is seen on a vehicle at the New York Auto Show in…
[ad_1] SEOUL (Reuters) – Oil prices rose more than 1 percent on Monday on signs that the recent price plunge may start crimping supply from the U.S., currently the world’s biggest oil producer, though concerns about global economy continues to weigh. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near…
[ad_1] SYDNEY (Reuters) – Asian stocks were subdued on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering. Pedestrians are reflected in a window in front of a board displaying stock prices at the Australian Securities…
[ad_1] FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – MYOB Group Ltd (MYO.AX) said on Monday it would recommend U.S. private equity giant KKR & Co’s (KKR.N) buyout…
[ad_1] NEW YORK (Reuters) – U.S. equity index futures were little changed late on Sunday as electronic trading resumed to kick off a holiday-shortened week following reports over the weekend that President Donald Trump has privately discussed firing the head of the U.S. Federal Reserve. Traders work on the floor of the New York Stock…
[ad_1] SEOUL (Reuters) – Oil prices dipped on Monday ahead of the Christmas holiday break, adding to last week’s steep losses on concerns about a global oversupply. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo…
[ad_1] SYDNEY (Reuters) – Asian stocks started in subdued fashion on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering. Pedestrians are reflected in a window in front of a board displaying stock prices at the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the “Plunge Protection Team.” FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin speaks during his interview with Reuters in Jerusalem October 21,…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump’s Treasury secretary called America’s top bankers on Sunday and said he got reassurances about the health of the nation’s banks amid an ongoing rout on Wall Street. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin speaks during his interview with Reuters in Jerusalem October 21, 2018. REUTERS/Ronen Zvulun/File…
[ad_1] FILE PHOTO: Federal Reserve Board Chairman Jerome Powell leaves after his news conference after a Federal Open Market Committee meeting in Washington, U.S., December 19, 2018. REUTERS/Yuri Gripas/File Photo (Reuters) – The advisers of President Donald Trump have discussed in recent days arranging a meeting between him and Federal Reserve Chairman Jerome Powell in…
[ad_1] For the past 25 years, Edward Sonshine has been known as Canada’s shopping mall king. Now, the chief executive of one of the country’s largest real estate investment trusts wants to be known for something else too: housing. “It’s not me that changes,” Sonshine said in an interview at RioCan REIT’s head office in…
[ad_1] Tesla Inc. founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, U.S. December 18, 2018. Robyn Beck/Pool via REUTERS (Reuters) – Tesla Inc (TSLA.O) chief executive Elon Musk said the electric car company will…
[ad_1] GEORGETOWN/CARACAS (Reuters) – Venezuela’s navy “intercepted” a ship exploring for oil on behalf of Exxon Mobil Corp (XOM.N) in Guyanese waters over the weekend, neighboring Guyana’s foreign ministry said in a statement, while Venezuela said the incident occurred within its territory. FILE PHOTO – A Venezuelan flag is seen in downtown Caracas, Venezuela December…
[ad_1] Natural gas prices in Western Canada are so low that a partner in the country’s first LNG export project is shutting off money-losing wells and throttling back its exploration program. Malaysian-owned Petronas, which has a 25 per cent interest in the $40-billion LNG Canada project, has been curtailing production by between 50 and 200…
[ad_1] MUNICH/SAN FRANCISCO (Reuters) – Chip supplier Qualcomm Inc won a second court skirmish in its worldwide patent battle with Apple Inc on Thursday, with the iPhone maker saying it would pull some older models from its German stores. FILE PHOTO: Apple staff hold iPhone X packages at the Apple Store in Berlin, Germany, November…
[ad_1] (Reuters) – U.S. food companies Kraft Heinz Co (KHC.O) and Mondelez International Inc (MDLZ.O) have been short-listed to participate in the second round of Campbell Soup Co’s (CPB.N) auction of its international business, people familiar with the matter said. Tins of Campbell’s Tomato Soup are seen on a supermarket shelf in Seattle, Washington, U.S.…
[ad_1] 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 BEIJING (Reuters) – Tesla Inc has slashed prices on its Model 3 electric car in China. According to the California-based electric carmaker’s Chinese website, prices of certain…
[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. Are cheaper data plans finally here? Does $30 a month for one gigabyte of data sound like a deal? Canada’s big three telcos have each agreed to offer at least one plan at…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second press day of the Paris auto show, in Paris, France, October 3, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Motor Co (7201.T)…
[ad_1] FILE PHOTO: Federal Reserve Board Chairman Jerome Powell leaves after his news conference after a Federal Open Market Committee meeting in Washington, U.S., December 19, 2018. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday that President Donald Trump told him he had “never suggested firing” the chairman of…
[ad_1] People walk by a CVS Pharmacy store in the Manhattan borough of New York City, New York, U.S., November 30, 2017. REUTERS/Shannon Stapleton WASHINGTON (Reuters) – A U.S. federal judge reviewing an agreement between the government and CVS Health Corp (CVS.N) allowing it to buy health insurer Aetna has indicated that he will not…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell, a move that could roil already volatile financial markets, two sources familiar with situation said on Saturday. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market…
[ad_1] The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. Picture taken August 14, 2018. REUTERS/Paulo Whitaker SAO PAULO (Reuters) – A Brazilian judge overturned on Friday a decision that put the brakes on…
[ad_1] The B.C. Oil and Gas Commission has blamed fracking for three earthquakes in northeastern B.C. last month. The provincial regulator says the events 20 kilometres south of Fort St. John on Nov. 29 occurred because of fluid injections during hydraulic fracturing at a Canadian Natural Resources wellsite. The events, which were felt but caused…
[ad_1] FILE PHOTO: New Volkswagen cars are seen at the Berlin Brandenburg international airport Willy Brandt (BER) in Schoenefeld, Germany, August 14, 2018. REUTERS/Hannibal Hanschke/File Photo FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) cleanup of a diesel cheating scandal will cost it 5.5 billion euros ($6.25 bln) in 2018 and around 2 billion euros in 2019, Chief…
[ad_1] The key to detecting tiny drones spying on military bases or intruding into an airport’s airspace could be to use an existing TV signal. Canada’s Department of National Defence is exploring using regular television signals to create a radar system that would detect flying intruders the size of an insect, as well as using other drone detection technologies. The…
[ad_1] It’s something that hasn’t really changed much over the centuries, but there are suddenly plenty of new options for people to choose from when it comes to the simple act of tying — or not tying — their shoes. It’s a twist on the old “build a better mousetrap” trope, with new shoelace systems claiming…
[ad_1] The holiday season has sparked another round of wireless wars: Rogers, Bell and Telus are all offering double the data (or more) on select mobile plans across the country. But not all customers are thrilled because of glaring regional price differences: the best bonus-data deals by far are in Quebec, Manitoba and Saskatchewan — provinces which typically see…
[ad_1] NEW YORK (Reuters) – World stock markets continued a week-long sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxiety that global economic growth is slowing. MSCI’s index of global equities .MIWD00000PUS fell 0.5 percent, dragged down by broad declines in Europe and…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia is seeking $7.5 billion in reparations from Goldman Sachs Group Inc (GS.N) over its dealings with scandal-linked state fund 1MDB, the Financial Times (FT) reported on Friday, citing the finance minister. Separately, Bloomberg reported that Singapore had expanded its criminal investigation of 1MDB to include Goldman Sachs, in a…
[ad_1] Chairman Urs Rohner of Swiss bank Credit Suisse arrives before the bank’s annual shareholder meeting in Zurich, Switzerland April 28, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Cost cuts and closing a unit where Credit Suisse (CSGN.S) had parked underperforming assets will help boost return on tangible equity (ROTE) to at least 10 percent in…
[ad_1] BERLIN/MADRID (Reuters) – Models testing fashion brands like Adidas (ADSGn.DE), Benetton and Gap (GPS.N) are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back. Fitting models checks out sizes of…
[ad_1] NEW YORK (Reuters) – As the Nasdaq Composite .IXIC continues to stumble its way toward a bear market, biotech shares are worsening the collapse of the tech-heavy index. FILE PHOTO: The Nasdaq logo is etched into glass at the headquarters for the Nasdaq in New York March 3, 2015. REUTERS/Lucas Jackson While the declines…
[ad_1] NEW YORK (Reuters) – The Federal Reserve is listening to the concerns of markets and open to changing its policy views next year, one its most influential members said on Friday, even while he stood by plans for interest-rate hikes and further paring of the Fed’s bond portfolio. FILE PHOTO: A cyclist passes the…
[ad_1] FILE PHOTO: The logo of Citibank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha -/File Photo (Reuters) – Citigroup Inc (C.N) has divided up the roles of outgoing North America Chief Executive Bill Mills, according to an internal memo seen by Reuters. Mills’ retirement was announced in September…
[ad_1] NEW YORK (Reuters) – The dollar gained on Friday as investors sought the currency’s safety amid persistent equity market volatility and a possible U.S. government shutdown. A man counts U.S dollar and Euro banknotes at a money exchange office in central Cairo, Egypt, March 7, 2017. REUTERS/Mohamed Abd El Ghany The dollar had fallen…
[ad_1] David Solomon, president and chief operating officer of Goldman Sachs, listens at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton NEW YORK (Reuters) – Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with…
[ad_1] SEATTLE (Reuters) – Boeing Co (BA.N) looked poised to beat European arch-rival Airbus for aircraft orders in 2018 by a wide margin after clinching billions of dollars in new business from Nigeria’s Green Africa Airways and Saudi Arabia’s flyadeal. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference &…
[ad_1] WASHINGTON (Reuters) – Automakers in the United States repaired more than 7.2 million defective Takata air bag inflators in 2018, as companies have ramped up efforts to track down parts in need of replacement, a report from an independent monitor released on Friday said. The logo of Takata Corp is seen on its display…
[ad_1] FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren (Reuters) – Wells Fargo & Co. (WFC.N) has been hiring overseas after pledging to eliminate thousands of jobs, according to a Department of Labor investigation.…
[ad_1] (Reuters) – Get ready for a long and ugly ride. The Nasdaq logo is etched into glass at the headquarters for the Nasdaq in New York March 3, 2015. REUTERS/Lucas Jackson On Friday, the Nasdaq Composite .IXIC closed almost 22 percent below its record high daily close on Aug. 29, signaling a nearly nine-and-a-half…
[ad_1] NEW YORK (Reuters) – Wall Street stocks fell sharply in volatile trading on Friday, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. The major U.S. stocks indexes accelerated declines in the last…
[ad_1] (Reuters) – Minnesota prosecutors will not charge the billionaire chief executive officer of China’s JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit, authorities said on Friday. FILE PHOTO: JD.com founder Richard Liu poses during a Reuters interview in Hong Kong, China,…
[ad_1] CHICAGO (Reuters) – Campbell Soup Co (CPB.N) said on Friday that incoming Chief Executive Mark Clouse, a food industry veteran, could be paid as much as $7.4 million in compensation for fiscal 2019. FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New…
[ad_1] FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo (Reuters) – HNA Group Co [HNAIRC.UL] is in talks to sell Ingram Micro Inc to private equity firm Apollo Global Management Llc (APO.N), a source familiar with the matter said on…
[ad_1] NEW YORK (Reuters) – The Nasdaq Composite Index .IXIC confirmed on Friday it is in a bear market for the first time since 2008, underscoring fears that the longest bull run in history for U.S. stocks could soon be over. The Nasdaq logo is displayed at the Nasdaq Market site in New York September…
[ad_1] North American markets concluded a painful week by closing well in the red as crude oil prices sank and the loonie hit a 19-month low. The S&P/TSX composite index lost 206.33 points to end at 13,935.44. In New York, the Dow Jones industrial average closed off 414.23 points at 22,445.37. The S&P 500 index…
[ad_1] An annual snapshot of telecom services taken last summer for the federal government shows a year-over-year decline in Canadian wireless prices but, as usual, most other G7 countries had less expensive packages. For example, Canadian plans with two gigabytes per month of data cost an average of $75.44 per month when the 2018 survey…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 21, 2018. REUTERS/Bryan R Smith NEW YORK (Reuters) – Wall Street stocks fell sharply in volatile trading on Friday, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors…
[ad_1] A balanced federal budget won’t land until at least 2040 — five years earlier than the government predicted last year — if there aren’t any major economic shocks or new government spending the federal Finance Department says in a new report. Long-term budgetary projections released Friday morning estimate that by the end of fiscal…
[ad_1] The way the NHL regular season is shaping up, it’s a good bet that five of the seven Canadian teams could reach the playoffs this spring. That’s the kind of playoff CanCon that Rogers was hoping for when it signed a massive $5.2-billion US, 12-year deal to land the league’s broadcasting rights in 2013,…
[ad_1] Statistics Canada says sales at cannabis stores in the two weeks after legalization totalled $43 million. The agency started collecting data for in-store and online sales from cannabis retailers as of Oct. 17, when fresh or dried bud, oil, plants and seeds became legal for recreational use in the country. The first set of…
[ad_1] The National Energy Board says crude-by-rail exports from Canada rose to a record 327,229 barrels per day in October. That’s up more than 21 per cent from 269,829 in September and represents the first time exports by rail have exceeded 300,000 barrels per day — in October 2017, only 137,000 bpd left the country…
[ad_1] NEW YORK (Reuters) – A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for the next big growth companies that can lead the overall market higher. Facebook, Amazon, Netflix and Google logos are seen in this combination photo…
[ad_1] WASHINGTON (Reuters) – The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter, with new orders and shipments of manufactured capital goods falling in November. FILE PHOTO: Trucks offload containers from ship at the port of Los Angeles in Los…
[ad_1] (Reuters) – Wall Street swung between losses and gains in volatile trading on Friday that traders blamed on the expiration of stock futures and options, with only the defensive sectors staying higher consistently, highlighting concerns over slowing growth. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 21, 2018. REUTERS/Bryan R Smith (Reuters) – Wall Street’s three main indexes gave up most of their earlier gains in volatile trading on Friday that traders blamed on the expiration of stock futures and options, with only…
[ad_1] (This corrects paragraph 7 of December 20 story to say Zynga acquired a unit of Peak Games, and not the entire company. The error also appeared in an earlier version) The Zynga logo is pictured at the company’s headquarters in San Francisco, California April 23, 2014. REUTERS/Robert Galbraith/File Photo By Vibhuti Sharma and Liana…
[ad_1] NEW YORK (Reuters) – World stock markets continued a week-long sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxiety that global economic growth is slowing. MSCI’s index of global equities fell 0.1 percent, dragged down by broad declines in Europe and Asia.…
[ad_1] Canada’s economy grew by 0.3 per cent in October, better than economists had been expecting and reversing a 0.1 per cent contraction the previous month. Statistics Canada reported Friday that most sectors of the economy expanded, by 0.3 for the month in both the goods-producing industries and the service sector. The only three subsectors of the…
[ad_1] An employee of the Tamiami Chrysler Jeep Dodge dealership talks on the phone next to a Chrysler car in Miami, Florida May 14, 2009. REUTERS/Carlos Barria/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE – SEARCH ‘BUSINESS WEEK AHEAD 31 OCT’ FOR ALL IMAGES (Reuters) – The pace of U.S. vehicle sales is set to slow…
[ad_1] LAGOS (Reuters) – Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across the sector. High-tension electrical power lines are seen at the Azura-Edo Independent Power Plant (IPP) on the outskirt of Benin City…
[ad_1] WINNIPEG, Manitoba/VANCOUVER (Reuters) – A decade ago, Canada’s oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government intervention to move its oil to market. FILE PHOTO: Greenpeace protestors (C) occupy…
[ad_1] LONDON (Reuters) – World stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxieties over the trajectory of global economic growth. A man walks past in front of a stock quotation board showing the price of the SoftBank Corp.…
[ad_1] TOKYO (Reuters) – Japanese prosecutors arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn again on Friday on new allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail before Christmas. Prosecutors also raided Ghosn’s residence in Tokyo on Friday in search of evidence,…
[ad_1] SINGAPORE (Reuters) – SoftBank Group Corp (9984.T) is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World…
[ad_1] TOKYO/PARIS (Reuters) – The possible withdrawal of Japanese conglomerates from nuclear export projects in Britain and Turkey would leave the nuclear newbuild industry open to Russian and Chinese state-owned companies as Western private firms struggle to compete. FILE PHOTO: Nuclear reactors A (left) and B are seen at Hinkley Point nuclear power station near…
[ad_1] TOKYO (Reuters) – Toshiba Corp (6502.T) has no immediate plans to sell its 40.2 percent stake in Toshiba Memory Corp, its chief executive told Reuters, as the world’s No. 2 producer of NAND flash memory chips prepares to go public within the next three years. FILE PHOTO: Toshiba Corp’s CEO Nobuaki Kurumatani attends a…
[ad_1] Next year, Statistics Canada is going to be asking 250,000 Canadian households some personal questions it has never asked before — and answering them honestly is mandatory. The agency is conducting what it calls a “pilot” census next May and June to road-test questionnaires and procedures for the next full-scale census, set for 2021. After more…
[ad_1] Hello, friends! This is our weekly newsletter on all things environmental, where we highlight trends and solutions that are moving us to a more sustainable world. (Sign up here to get it in your inbox every Thursday.) This is our last newsletter of 2018. But fear not: We will be back. Look for the next issue of What…
[ad_1] SINGAPORE (Reuters) – China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand. FILE PHOTO: An oil tanker unloads crude at a…
[ad_1] PRAGUE (Reuters) – What’s does a company do when it doesn’t have enough workers and unemployment rates are at record lows? In eastern Europe answers includes workplace massages, free carp for Christmas and guaranteed jobs for spouses. A logo of the Amazon fulfillment is seen outside the Amazon fulfillment center in the village of…
[ad_1] SYDNEY (Reuters) – Global stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs sent dismayed investors scurrying for safer assets. A man walks past in front of a stock quotation board showing the price of the SoftBank Corp. and Nikkei…
[ad_1] TOKYO (Reuters) – Japanese prosecutors re-arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail imminently. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow…
[ad_1] WILMINGTON, Del (Reuters) – As Venezuela collapses, one little-known U.S. investment fund is poised to win big from litigation against its socialist government: Tenor Capital Management. FILE PHOTO: The corporate logos of the state oil company PDVSA and Citgo Petroleum Corp are seen in Caracas, Venezuela April 30, 2018. REUTERS/Marco Bello Since 2012, the…
[ad_1] SYDNEY (Reuters) – Global stocks were sinking in a sea of red on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs sent dismayed investors sailing for safer harbors. A man walks past in front of a stock quotation board showing the price of the SoftBank…
[ad_1] NEW DELHI (Reuters) – India’s drugs regulator has ordered Johnson & Johnson (JNJ.N) to stop manufacturing its Baby Powder using raw materials in two of its Indian factories until test results prove they are free of asbestos, a senior official said on Thursday. FILE PHOTO: A worker waits for customers as bottles of Johnson…
[ad_1] NEW YORK/LONDON (Reuters) – Dealmakers celebrating their third-strongest year on record are fretting 2019 will herald a steep drop in mergers and acquisitions worldwide, as market jitters and economic uncertainty take their toll. Shire branding is seen outside their offices in Dublin, Ireland, April 25, 2018. REUTERS/Clodagh Kilcoyne The fourth quarter of 2018 is…
[ad_1] FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, Dec. 4, 2017. REUTERS/Aly Song SHANGHAI/BEIJING (Reuters) – Tencent Holdings Ltd’s shares jumped by as much as 4.2 percent on Friday after a regulatory official said that some new games have been cleared for sale after…
[ad_1] TOKYO (Reuters) – Japanese prosecutors re-arrested Nissan Motor Co Ltd’s (7201.T) ousted chairman Carlos Ghosn on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail imminently. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow…
[ad_1] SYDNEY (Reuters) – Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook. A man walks past in front of a stock quotation board showing the price of…
[ad_1] FILE PHOTO: Carlos Ghosn attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau TOKYO (Reuters) – Japanese prosecutors have re-arrested Nissan Motor Co’s (7201.T) ousted chairman Carlos Ghosn for aggravated breach of trust, which means he could be…
[ad_1] MONTREAL (Reuters) – A trade secrets lawsuit brought by Canada’s Bombardier Inc against the aircraft unit of Mitsubishi Heavy Industries Ltd should be dismissed because the allegations are baseless and designed to “disrupt development” of a rival jet, a spokesman for the Japanese company said on Thursday. FILE PHOTO: A Bombardier logo is pictured…
[ad_1] NEW YORK (Reuters) – Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market. Investors reaped fat gains through the final stages of the long-running bull market on a set of…
[ad_1] FILE PHOTO: The various colors of newly released Apple iPhone XR are seen following the product launch event at the Steve Jobs Theater in Cupertino, California, U.S. September 12, 2018. REUTERS/Stephen Lam/File Photo (Reuters) – Apple Inc (AAPL.O) on Thursday changed how it reports on U.S. national security requests for user data, bringing its…
[ad_1] (Reuters) – Nike Inc’s (NKE.N) quarterly results beat Wall Street estimates, boosted by strength in North America where new launches led to higher sale of more full-priced footwear and apparel online, sending its shares up 7 percent on Thursday. A Nike Running store is pictured in Pasadena, California U.S., March 21, 2017. REUTERS/Mario Anzuoni…
[ad_1] HONG KONG (Reuters) – Global lenders including Citigroup (C.N) and HSBC (HSBA.L) are stepping up efforts to sell day-to-day banking services to Asia’s fast-growing new technology firms, amid growing competition for more traditional transaction banking. FILE PHOTO: An exterior view of the HSBC headquarters at the Central Financial District in Hong Kong November 3,…
[ad_1] Companies in Canada were among the targets of two Chinese citizens charged with waging an extensive hacking campaign to steal valuable data over many years, U.S. authorities say. In an indictment unsealed Thursday, prosecutors say Zhu Hua and Zhang Shilong were acting on behalf of China’s main intelligence agency to pilfer information from several…
[ad_1] Stock prices plunged again on Thursday as a series of big drops in December kept stocks on track for their worst month in a decade. The Dow Jones Industrial Average dropped 464 points, or just under two per cent, bringing its losses since Friday to more than 1,600 points. The benchmark S&P 500 index has slumped 10…
[ad_1] NEW YORK (Reuters) – U.S. stocks slid on Thursday, with the Nasdaq on the cusp of confirming bear market territory, as the Federal Reserve’s plan to continue its balance sheet reduction and the threat of a partial government shutdown fueled investor anxieties. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] WASHINGTON/LONDON/SAN FRANCISCO (Reuters) – Hackers working on behalf of China’s Ministry of State Security breached the networks of Hewlett Packard Enterprise Co and IBM, then used the access to hack into their clients’ computers, according to five sources familiar with the attacks. Signs for Hewlett Packard Enterprise Co. cover the facade of the New…
[ad_1] WASHINGTON/NEW YORK (Reuters) – A bipartisan group of U.S. senators sent a letter to regulators on Thursday expressing concern that financial technology startup Robinhood may not be offering full transparency to its customers over the botched launch of its new cash management service. Robinhood co-founders and co-chief executives Baiju Bhatt and Vladimir Tenev pose…
[ad_1] CHICAGO (Reuters) – The U.S.-China trade war is spooking potential investors in soybean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that had been a rare bright spot in the U.S. farm economy. FILE PHOTO: Soybeans fill a trailer at a farm in…
[ad_1] CHICAGO/BOSTON (Reuters) – Campbell Soup Co (CPB.N) is close to naming Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive, people familiar with the matter said on Thursday, a key step in the U.S. company’s efforts to regain market share and boost profits. The logo and ticker for Campbell Soup…
[ad_1] WASHINGTON (Reuters) – Late fall brought a dust cloud of bad news for the U.S. economy, with shippers like Fedex cutting their global outlook for next year, chipmaker Micron Technology missing its revenue target as demand slides worldwide, and GM trimming 14,000 jobs as sales slow, not to mention a stock market limping into…
[ad_1] (Reuters) – Technology stocks led a slide on Wall Street on Thursday, with the S&P 500 languishing at 15-month lows and the Nasdaq flirting with bear market territory, after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike path. Traders work on the floor of the New York Stock Exchange…
[ad_1] An illustration picture shows the Twitter logo reflected in the eye of a woman in Berlin, November 7, 2013. REUTERS/Fabrizio Bensch/Illustration/File photo – Shares of social media company Twitter down 11.3 pct at $29.22; set for its biggest one-day pct fall in nearly five months – Short-seller Citron Research says TWTR “has become the…
[ad_1] More than 600 workers in Sydney, N.S., are celebrating an early Christmas after abruptly losing their jobs nearly two weeks ago. Marlowe Companies Inc. (MCI) confirmed Tuesday night it hopes to have people working by Jan. 2 at the former ServiCom centre, which will reopen as The Sydney Call Centre Inc. U.S.-based Marlowe Companies won an auction earlier this week to take…
[ad_1] A consumer rights advocate is frustrated Canada’s proposed new air passenger bill of rights doesn’t include plans for an independent body that will review passenger complaints. Highlights of the proposed new regulations were released earlier this week. “The most polite thing I could say is that we’re disappointed in what is being produced. After all…
[ad_1] Husky Energy Inc. says it plans to spend approximately $3.4 billion on its capital expenditure program next year. The energy company says the total is about $300 million less than it forecast earlier this year and includes spending cuts resulting from Alberta’s mandated oil production cuts and lower global oil prices. The Alberta government…
[ad_1] (Reuters) – U.S. stocks slipped on Thursday, continuing their declines from a day earlier, as a batch of disappointing earnings reports added to the gloom after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike trajectory. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] MUNICH/SAN FRANCISCO (Reuters) – A German court ruled on Thursday that iPhone maker Apple Inc infringed a hardware patent of Qualcomm Inc and said the U.S. company could no longer sell some iPhone models in Germany which contain a particular component. A woman looks at the screen of her mobile phone in front of…
[ad_1] (Reuters) – U.S. stock futures gave up slim early gains to trade lower on Thursday, a day after the Federal Reserve’s forecast of fewer interest rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] LONDON (Reuters) – Spooked by another worldwide stocks selloff, global investors have piled up cash to a more than two-year high this month, hoovered up bonds and cut back property holdings. A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 19, 2018. REUTERS/Brendan McDermid Brexit…
[ad_1] FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo RIO DE JANEIRO (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) is planning to distribute $1.6 billion to $1.7 billion in extraordinary dividends to shareholders, using proceeds from…
[ad_1] LONDON (Reuters) – World equity markets slipped on Thursday after the U.S. Federal Reserve dashed investor hopes of a more dovish policy outlook, worsening worries of a recession as signs grow that global economic growth is stuttering. Jitters over the Fed’s move to largely keep guidance for additional hikes over the next two years…
[ad_1] LONDON (Reuters) – Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink,…