[ad_1] TOKYO (Reuters) – Tokyo prosecutors have appealed a court decision that prevents further detention of Carlos Ghosn, a surprise ruling which could free the ousted chairman of Nissan Motor Co Ltd for the first time since his arrest for alleged financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends…
[ad_1] One of the biggest providers of domain names and web hosting in Europe is changing hands today. One.com, which has around 1.5 million customers mainly across the north of the region, has been sold by private equity firm Accel-KKR to Cinven, another PE player that focuses on investments in Europe. Terms of the deal…
[ad_1] The logo of Warner Bros entertainment company is seen during the MIPTV, the International Television Programs Market, in Cannes, France, April 9, 2018. REUTERS/Eric Gaillard BRUSSELS (Reuters) – NBCUniversal, Sony Pictures (6758.T), Warner Bros and Sky have offered to end anti-competitive movie licensing deals in a bid to end an antitrust investigation, regulators said…
[ad_1] Prompts on how to use Amazon’s Alexa personal assistant are seen in an Amazon ‘experience center’ in Vallejo, California, U.S., May 8, 2018. Picture taken on May 8, 2018. REUTERS/Elijah Nouvelage FRANKFURT (Reuters) – A user of Amazon’s (AMZN.O) Alexa voice assistant in Germany got access to more than a thousand recordings from another…
[ad_1] Ask privacy advocate and Facebook critic Mark Weinstein what kind of information the social media giant has on its users and he responds with a blunt, one-word answer: “Everything.” That may be somewhat hyperbolic, but it’s certainly fair to say Facebook holds a lot personal material. That data collection, and the sharing of it with other firms,…
[ad_1] With his long face and expressive grimaces, Federal Reserve chair Jerome Powell might have played a powerful Ebenezer Scrooge, the repentant anti-hero of Charles Dickens’s A Christmas Carol. Certainly that is how stock markets seemed to see him yesterday after the U.S. central banker hiked rates for the fourth time this year. Powell and his team…
[ad_1] BEIJING/SINGAPORE (Reuters) – Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August…
[ad_1] (Reuters) – The U.S. Treasury said it will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminum giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea. Russian aluminium tycoon Oleg Deripaska and Industry and Trade Minister Denis Manturov arrive for the…
[ad_1] TOKYO (Reuters) – Asian shares slid on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes over the next two years, dashing investor hopes for a more dovish policy outlook. A woman stands in front of a screen displaying Japan’s Nikkei share average, U.S.…
[ad_1] TOKYO (Reuters) – A Tokyo court on Thursday unexpectedly decided not to extend the detention of Nissan Motor Co’s ousted chairman, Carlos Ghosn, meaning he may soon be released from jail where he has been confined since his arrest for alleged financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance,…
[ad_1] CHICAGO (Reuters) – In the nearly 40 years she has spent in trade, Amy Magnus has never seen retailers hoarding so much inventory. Warehouse workers deal with inventory stacked up to the ceiling at an ABT Electronics Facility in Glenview, Illinois, U.S. December 4, 2018. Picture taken December 4, 2018. REUTERS/Richa Naidu Warehouses throughout…
[ad_1] TOKYO (Reuters) – Asian shares slid on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next two years, dashing investor hopes for a more dovish policy outlook. A woman stands in front of a screen displaying Japan’s Nikkei share average, U.S. and other…
[ad_1] SHANGHAI/HONG KONG (Reuters) – Chinese bike-sharing startup Ofo, backed by Alibaba Group Holding Ltd (BABA.N), is battling “immense” cash flow problems and disbanding the firm has been considered as an option, its chief executive said in a letter to employees. Ofo bike-sharing bicycles are pictured in Singapore August 29, 2017. REUTERS/Edgar Su The firm,…
[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 TOKYO (Reuters) – The Tokyo District Court said it decided not to extend the detention of Nissan’s ousted chairman Carlos Ghosn,…
[ad_1] WASHINGTON (Reuters) – After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the U.S. central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong. U.S. stocks and bond yields fell hard.…
[ad_1] SINGAPORE (Reuters) – Noble Group (NOBG.SI), the once mighty commodity trader, on Thursday completed its drawn out $3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business. FILE PHOTO: Photo of Noble Group logo at investor event from August 2015 The completed restructuring effectively closes the saga of Noble’s collapse from…
[ad_1] TOKYO (Reuters) – Asian shares retreated on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook. A woman stands in front of a screen displaying Japan’s Nikkei share average, U.S. and other countries’…
[ad_1] PARIS/TOKYO (Reuters) – Executives from both carmakers in the Renault-Nissan alliance (RENA.PA) (7201.T) looked at least twice at legal ways to pay Chairman Carlos Ghosn undisclosed income through the partners’ shared finances, documents seen by Reuters show. FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File…
[ad_1] BEIJING/SINGAPORE (Reuters) – Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August…
[ad_1] SEOUL/PARIS/TOKYO (Reuters) – From an eye shadow that opens with the flick of a thumb, Zippo-style, to a barely-there foundation in subtle blue-gray packaging: men’s make-up is getting a makeover as manufacturers bid to take it more mainstream. France’s Chanel and Japan’s Pola Orbis are among firms launching new ranges to exploit signs of…
[ad_1] TOKYO (Reuters) – Asian shares retreated on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook. A woman stands in front of a screen displaying Japan’s Nikkei share average, U.S. and other countries’…
[ad_1] WASHINGTON (Reuters) – Facebook Inc shares sank on Wednesday as concerns about its ability to safeguard user data sparked a government lawsuit, criticism in the U.S. Congress and a New York Times report on how it had shared data with other companies. FILE PHOTO – A 3D printed Facebook logo is seen in front…
[ad_1] NEW YORK (Reuters) – Did Jerome Powell just poke the bear? A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 19, 2018. REUTERS/Brendan McDermid U.S. stocks took another body blow on Wednesday after the Federal Reserve raised interest rates again and the central bank…
[ad_1] WASHINGTON (Reuters) – The United States imposed fresh Russia-related sanctions on Wednesday, expanding a blacklist of individuals allegedly involved in a Kremlin-backed campaign to meddle with the 2016 U.S. presidential election, among other misdeeds. FILE PHOTO: The United States flag flies atop the U.S. Treasury Department in Washington November 18, 2008. REUTERS/Jim Bourg The…
[ad_1] WASHINGTON (Reuters) – Win, lose or draw? Federal Reserve Board Chairman Jerome Powell speaks during his news conference after a Federal Open Market Committee meeting in Washington, U.S., December 19, 2018. REUTERS/Yuri Gripas The U.S. Federal Reserve has begun signaling the end of its rate-hike cycle is not far off, winding down its sometimes…
[ad_1] M&A activity was brisk in the enterprise market this year, with 10 high-profile deals totaling almost $88 billion. Companies were opening up their wallets and pouring money into mega acquisitions. It’s worth noting that the $88 billion figure doesn’t include Dell paying investors more than $23 billion for VMware tracking stock to take the…
[ad_1] SEOUL/BEIJING (Reuters) – For automotive battery makers LG Chem Ltd (051910.KS) and Samsung SDI Co Ltd (006400.KS), the Chinese market has begun to offer promise after painful loss-making investments. A Hyundai Motor’s electric car IONIQ is charged at a electric charging station in Seoul, South Korea, December 11, 2018. REUTERS/Kim Hong-Ji The reason for…
[ad_1] When it comes to shift workers communicating with each other in the workplace when they are not face-to-face, gone are the days of cork announcement boards. Now, the messaging app is the medium, and today one of the startups tackling that opportunity in a unique way has raised a round of funding to get…
[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 19, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks declined sharply on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy. The Dow…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and said it was keeping the core of its plan to tighten monetary policy intact even as central bank officials said they would likely slow the pace of further rate increases next year. After weeks of market volatility and calls by President…
[ad_1] WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp (XOM.N) a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, three sources familiar with the matter told Reuters. FILE PHOTO: A gas pump displays the price for E15, a gasoline with 15 percent…
[ad_1] Microsoft today announced a new Office app that’s now available to Windows Insiders and that will soon roll out to all Windows 10 users. The new Office app will replace the existing My Office app (yeah, those names…). While the existing app was mostly about managing Office 365 subscriptions, the new app provides significantly…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth. The central bank said the U.S. economy has been growing at a strong…
[ad_1] The U.S. Federal Reserve is raising its key interest rate for the fourth time this year to reflect the economy’s continued strength, but signals it expects to slow its pace of hikes next year. The quarter-point hike, to a range of 2.25 per cent to 2.5 per cent, lifts the Fed’s benchmark rate to its…
[ad_1] U.S. stocks are climbing as investors wait for the U.S. Federal Reserve to conclude its last meeting of the year and announce its latest decisions on interest rate policy. The S&P 500 index is up 0.8 per cent in early afternoon trading, led by gains in energy companies as crude oil prices recovered some of…
[ad_1] Cloud Spanner, Google’s globally distributed relational database service, is getting a bit more distributed today with the launch of a new region and new ways to set up multi-region configurations. The service is also getting a new feature that gives developers deeper insights into their most resource-consuming queries. With this update, Google is adding…
[ad_1] NEW YORK (Reuters) – Square Inc (SQ.N), the payments company led by Twitter Inc (TWTR.N) chief executive Jack Dorsey, is refiling its application with U.S. state and federal regulators for a bank license, the company said on Wednesday. An advertisement for the Square Inc payment processor is seen outside a vendors site along the…
[ad_1] Shares in Canadian mortgage company Home Capital fell as much as 18 per cent on Wednesday after word came out that Warren Buffett’s company Berkshire Hathaway had sold most of its stake in the company. Home Capital’s TSX-listed shares were changing hands at just over $14 on Wednesday, off by more than $2 from Tuesday’s…
[ad_1] NEW YORK (Reuters) – Oil prices rose about 3 percent on Wednesday, recovering somewhat from a sharp sell-off during the previous session, after U.S. data showed strong demand for refined products. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo…
[ad_1] Sprout Social, a social media monitoring, marketing and analytics service with 25,000 business customers that helps these organizations manage their public profiles and interact with customers across Twitter, Facebook, Instagram, LinkedIn, Pinterest and Google+ (soon to RIP), has raised $40.5 million in funding in order expand its business internationally and add more functionality to…
[ad_1] Canada’s privacy watchdog is warning marijuana users to pay with cash rather than plastic if they’re worried about the collection of their personal information, among other guidelines published on Tuesday. In a statement posted on his website, Privacy Commissioner Daniel Therrien says pot sellers and buyers need to better understand their privacy rights and…
[ad_1] Facebook gave some companies more extensive access to users’ personal data than it has previously revealed, letting them read private messages or see the names of friends without consent, according to a New York Times report. On Wednesday the newspaper detailed special arrangements between Facebook and companies such as Microsoft, Netflix, Spotify and Royal…
[ad_1] Dataiku wants to turn buzzwords into an actual service. The company has been focused on data tools for many years, before everybody started talking about big data, data science and machine learning. And the company just raised $101 million in a round led by Iconiq Capital with Alven Capital, Battery Ventures, Dawn Capital and…
[ad_1] Lower gas prices pulled Canada’s annual inflation rate in November down to 1.7 per cent, the first time in 10 months it has been below the Bank of Canada’s two per cent target, underscoring market expectations that imminent interest rate hikes are off the table. Analysts in a Reuters poll had forecast the annual rate…
[ad_1] The Royal Bank of Canada is disputing a report in the New York Times that says the bank, along with many other companies, had the ability to read, write and delete users messages on Facebook’s messaging platform. The report, published in the New York Times on Tuesday is based on hundreds of pages of…
[ad_1] (Reuters) – Shares of chip gear makers fell after a tepid forecast by U.S.-based Micron Technology Inc (MU.O) exacerbated fears that a two-year chip boom was fizzling due to sluggish demand from makers of smartphones, PCs and servers. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their booth at an…
[ad_1] FRANKFURT (Reuters) – Thyssenkrupp (TKAG.DE) will propose as chairwoman Martina Merz, whose background includes roles at Volvo (VOLVb.ST), Bosch [ROBG.UL] and Lufthansa (LHAG.DE), the German company said, as it prepares to spin off its capital goods units. FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company’s headquarters in Essen, Germany, November…
[ad_1] PARIS/TOKYO (Reuters) – Renault-Nissan (RENA.PA)(7201.T) executives including the French carmaker’s general secretary Mouna Sepehri worked on an abortive 2010 plan to pay out Chairman Carlos Ghosn’s deferred Nissan compensation through the companies’ shared Dutch holding, according to documents seen by Reuters. FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October…
[ad_1] FILE PHOTO: A Lufthansa Airbus A321-100 airplane takes off from the airport in Palma de Mallorca, Spain, July 29, 2018. REUTERS/Paul Hanna/File Photo BRUSSELS (Reuters) – Travel lobbying group ETTSA, whose members include Amadeus (AMA.MC) and booking.com, on Wednesday urged EU antitrust regulators to investigate Lufthansa’s (LHAG.DE) surcharges and other allegedly discriminatory measures against…
[ad_1] LONDON (Reuters) – Global equity and crude oil markets attempted on Wednesday to claw their way out of a three-day long plunge that saw investors seek out the safety of bonds amid mounting pessimism over world growth. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018.…
[ad_1] TOKYO (Reuters) – SoftBank Corp (9434.T) shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei. The poor start for the unit of tech investment…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia on Wednesday charged a second former banker at Goldman Sachs Group Inc (GS.N) in connection with a suspected money-laundering scheme at state fund 1MDB and said it had issued a summons to the bank. The Goldman Sachs company logo is seen in the company’s space on the floor of…
[ad_1] GlaxoSmithKline plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture with Pfizer’s consumer health division. The revamp is the boldest move yet by GSK Chief Executive Emma Walmsley, who took over last year. It will lead to the…
[ad_1] Employers and their insurance providers are reeling at the proliferation of fraud rings — groups of employees that work together to abuse and exploit benefit plans, with medical services providers as their eager accomplices. “You’re sitting in the lunchroom when a co-worker comes in and says, ‘I’ve got $1,000 worth of massage receipts, $2,000…
[ad_1] If the federal government moves to ban Huawei from working to build Canada’s new 5G network, it is unlikely to have a major financial impact on two of the country’s top communications companies who have partnered with the China-based firm, analysts say. Huawei’s equipment is already used in telecommunications infrastructure run by Canada’s major cellphone carriers, namely BCE and Telus. Those two companies are currently…
[ad_1] A policeman arrives at the toll-road operator Autostrade per l’Italia’s headquarters in Rome, Italy August 31, 2018. REUTERS/Alessandro Bianchi ROME (Reuters) – Italy’s Transport Minister Danilo Toninelli said on Wednesday that he would like to revoke motorway concessions held by Autostrade per l’Italia ATLI.MI after the collapse of a bridge in Genoa last August.…
[ad_1] The logo of U.S. pharmaceutical corporation Pfizer Inc. is seen at a branch in Zurich, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann LONDON (Reuters) – GlaxoSmithKline (GSK.L) plans to split into two businesses — one for prescription drugs and vaccines, the other for over-the-counter products — after forming a new joint venture with Pfizer’s (PFE.N)…
[ad_1] BEIJING/SINGAPORE (Reuters) – Oil prices clawed back some ground on Wednesday as global equity markets showed signs of stabilizing, but crude was still under pressure from worries about oversupply and a slowing global economy that had driven sharp losses in the last three sessions. A worker fills a tank with subsidized fuel at a…
[ad_1] NEW DELHI (Reuters) – India’s federal drug regulator will on Wednesday seize samples of Johnson & Johnson’s (JNJ.N) baby powder for testing, local media said, following a Reuters report that the company knew for decades that cancer-causing asbestos lurked in the product. FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore…
[ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to raise interest rates on Wednesday, but may cut the number of hikes it anticipates next year and signal an earlier end to its monetary tightening in the face of financial market volatility and rising recession fears. FILE PHOTO: U.S. President Donald Trump looks on…
[ad_1] BEIJING/SINGAPORE (Reuters) – Oil prices rebounded on Wednesday after falling for the past three sesssions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize. A worker fills a tank with subsidized fuel at a fuel station in Jakarta…
[ad_1] TOKYO (Reuters) – SoftBank Corp (9434.T) shares slumped more than 12 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei. SoftBank Corp. President and CEO Ken Miyauchi smiles as he…
[ad_1] SYDNEY (Reuters) – Shareholders voted against the executive remuneration plans of two of Australia’s biggest banks on Wednesday following misconduct revelations that have swept through the country’s financial sector. A man walks past ATM machines at a National Australia Bank branch in Sydney, Australia April 20, 2018. REUTERS/Edgar Su National Australia Bank (NAB.AX) shareholders…
[ad_1] (Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth…
[ad_1] SINGAPORE (Reuters) – A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomson Reuters/INSEAD survey showed. FILE PHOTO: A cat sleeps in a box in a mango shop in…
[ad_1] SYDNEY (Reuters) – Asian share markets played second string to bonds on Wednesday as a spectacular fall in the price of oil spurred speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the session. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo,…
[ad_1] TOKYO (Reuters) – SoftBank Corp (9434.T) shares slumped more than 10 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei. SoftBank Corp. President and CEO Ken Miyauchi smiles as he…
[ad_1] NEW YORK (Reuters) – Oil prices tumbled more than 5 percent on Tuesday in heavy trade due to fears of oversupply and deteriorating demand, extending a selloff that has taken major crude benchmarks down more than 30 percent from an October peak. U.S. crude and global benchmark Brent both extended declines in post-settlement trade…
[ad_1] LOS ANGELES (Reuters) – The Boring Company, Elon Musk’s underground transit venture, planned an unveiling of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to “just start digging” as a remedy. FILE PHOTO: Elon Musk arrives to speak at Boring Company community meeting in…
[ad_1] FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – SoftBank Corp (9434.T) shares slid in its market debut on Wednesday, as investor appetite was spoiled by a major service outage this month and worries over its…
[ad_1] (Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) on Tuesday gave quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth…
[ad_1] FILE PHOTO: The Sears logo is seen outside a store in Brooklyn, New York, U.S., October 10, 2018. REUTERS/Shannon Stapleton/File Photo (Reuters) – Bankrupt U.S. retailer Sears Holdings Corp (SHLDQ.PK) will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday. The company said some of the…
[ad_1] Concern that there’s too much oil for a slowing global economy sent a tremor through oil markets Tuesday, as the benchmark price for North American crude fell more than seven per cent to its lowest level since the summer of 2017. Benchmark U.S. crude plunged to $46.24 a barrel in New York. Brent crude, used to…
[ad_1] Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their fair booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due…
[ad_1] (Reuters) – U.S. package delivery company FedEx Corp (FDX.N) on Tuesday lowered its 2019 forecast, citing weakness in Europe and signs that global trade is faltering, sending its shares down 4.4 percent in after-hours trade. An all-electric FedEx delivery truck is seen in San Diego, California September 24, 2013. REUTERS/Mike Blake “Global trade has…
[ad_1] The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren (Reuters) – Citigroup Inc (C.N) is shuffling its prime brokerage business, according to an internal memo seen by Reuters, amid reports that the unit could lose millions on a bad loan…
[ad_1] Amazon says it plans to create 600 new tech jobs in Toronto. The online retail behemoth says the jobs will be in fields including software development, machine learning and cloud computing. The announcement comes as Amazon is set to open an expanded office in Toronto’s downtown core. The city was on the shortlist to…
[ad_1] Shares of Tilray are surging in Tuesday afternoon trading after the medical cannabis company announced that one of its subsidiaries struck a collaboration agreement with pharmaceutical company Sandoz AG. Under the deal, Tilray Canada Ltd., and Sandoz’s Canadian arm plan to jointly operate in jurisdictions where cannabis is or will be approved for medical…
[ad_1] A panel at the Ontario Securities Commission has approved a $30-million settlement with Katanga Mining over the company’s misleading statements and its failure to properly disclose the risks of operating in the Democratic Republic of the Congo. Katanga, majority owned by Swiss mining giant Glencore Plc, says as part of the settlement it will…
[ad_1] FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the SpaceX Hyperloop Pod Competition II in Hawthorne, California, U.S., August 27, 2017. REUTERS/Mike Blake (Reuters) – Elon Musk’s rocket company SpaceX Corp is set to raise $500 million at a $30.5 billion valuation, the Wall Street…
[ad_1] Soon it will be easier for people without Google accounts to collaborate on G Suite documents. Currently in beta, a new feature will enable G Suite users to invite people without G Suite subscriptions or Google accounts to work on files by sending them a pin code. Using the pin code to gain access…
[ad_1] Soon it will be easier for people without Google accounts to collaborate on G Suite documents. Currently in beta, a new feature will enable G Suite users to invite people without G Suite subscriptions or Google accounts to work on files by sending them a pin code. Using the pin code to gain access…
[ad_1] WASHINGTON (Reuters) – German auto supplier IAV Gmbh has agreed to plead guilty and pay a $35 million fine for conspiring to assist Volkswagen AG (VOWG_p.DE) in its effort to evade U.S. diesel emissions standards, the U.S. Justice Department said on Tuesday. FILE PHOTO: New Volkswagen cars are seen at the Berlin Brandenburg international…
[ad_1] Our distinct skillsets and shortcomings mean people and robots will join forces for the next few decades. Robots are tireless, efficient, and reliable, but in a millisecond through intuition and situational awareness, humans can make decisions machine can’t. Until workplace robots are truly autonomous and don’t require any human thinking, we’ll need software to supervise…
[ad_1] The federal government is promising more than $1.6 billion to support the ailing energy sector, just as political tensions in the Ottawa-Alberta relationship are rising. Natural Resources Minister Amarjeet Sohi and International Trade Diversification Minister Jim Carr made the announcement in Edmonton Tuesday morning. The bulk of the money goes to nearly $1 billion…
[ad_1] When you have as much data under management as Box does, you have the key ingredient for artificial intelligence and machine learning, which feeds on copious amounts of data. Box is giving developers access to this data, while letting them choose the AI and machine learning algorithms they want to use. Today, the company…
[ad_1] Three weeks after striking postal workers were forced back to work, Canada Post says it’s caught up on most parcel delivery backlogs that had been created by rotating walkouts. The Crown corporation says its normal holiday delivery service guarantees have been restored across most of the country, except Vancouver. The federal government legislated an…
[ad_1] Canada’s battered energy industry will get a $1.6-billion boost from Ottawa on Tuesday to try to slow the political and economic bleeding. Natural Resources Minister Amarjeet Sohi and International Trade Diversification Minister Jim Carr will be at an Edmonton college campus to unveil a support package for oil and gas companies, which are reeling…
[ad_1] General Dynamics Corp on Monday put pressure on Ottawa over the sale of armoured vehicles to Saudi Arabia, warning that the federal government would incur “billions of dollars of liability” by unilaterally scrapping the deal. The remarks by the Canadian unit of General Dynamics — which one defence expert called unusual — reflect increasing tensions over…
[ad_1] Statistics Canada says manufacturing sales fell 0.1 per cent in October to $58.2 billion, a weaker report than economists expected. The decline came as sales in the wood product and primary metal industries fell, offset in part by higher sales in the food and machinery industries. Economists had expected an increase of 0.4 per…
[ad_1] FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the SpaceX Hyperloop Pod Competition II in Hawthorne, California, U.S., August 27, 2017. REUTERS/Mike Blake (Reuters) – Elon Musk’s rocket company SpaceX Corp is set to raise $500 million at a $30.5 billion valuation, the Wall Street…
[ad_1] As networks get put under increasing pressure from ever-growing amounts of data, network equipment manufacturers are facing huge challenges to increase data transmissions speeds over further distances. As a premiere networking equipment company, Cisco wants to be prepared to meet that demand. Today, it opened up its checkbook and announced its intent to acquire…
[ad_1] (Reuters) – Wall Street was set to open higher on Tuesday, after a 2-percent fall in the prior session, boosted by some strong earnings and a bounce in certain bellwether stocks as investors wait for clues on the Federal Reserve’s path for future rate hikes. Traders work on the floor of the New York…
[ad_1] FILE PHOTO: U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central…
[ad_1] Seismic has been helping companies create and manage their sales and marketing collateral since 2010. Today the company announced a $100 million Series E investment on a $1 billion valuation. The round was led by Lightspeed Venture Partners and T Rowe Price. Existing investors General Atlantic, JMI Equity and Jackson Square Ventures also participated…
[ad_1] LONDON (Reuters) – World stock markets, the U.S. dollar and oil prices tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest rate hike of the year. FILE PHOTO: A man looks at an electronic stock quotation…
[ad_1] (Reuters) – U.S. stock index futures climbed on Tuesday, following a rocky start to the week, as investors focus on a two-day meeting where the Federal Reserve is expected to raise interest rates for the fourth time this year and signal the path of future rate hikes. Traders work on the floor of the…
[ad_1] FILE PHOTO: NuroÕs R1 driverless delivery van is seen packed with bags from KrogerÕs FryÕs Food Stores, which will begin a test of the vehicle in Scottsdale, Arizona, U.S., this autumn in this undated photo provided August 15, 2018. ÊCourtesy of Kroger/Handout via REUTERS (Reuters) – U.S. supermarket chain Kroger Co (KR.N) said on…
[ad_1] HONG KONG (Reuters) – Huawei Technologies [HWT.UL] on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear. The typically secretive Chinese technology giant made the comments at…
[ad_1] (Reuters) – Twitter Inc (TWTR.N) shares fell almost 7 percent on Monday after the company said it was investigating unusual traffic that might be from state-sponsored hackers and, in what appeared to be an unrelated issue, a security firm said hackers used the platform to try to steal user data. The Twitter logo is…
[ad_1] Transport Canada’s air passenger bill of rights has been more than two years in the making, and some critics say they expected the government would have more to show for it by now. On Monday, Transport Minister Marc Garneau unveiled proposed regulations designed to protect air travellers, including minimum compensation requirements for flight delays and lost luggage.…
[ad_1] According to a lot of analysis when the Canadian housing boom was at a peak, people were so anxious to get into the market that any fall in prices couldn’t last long. I remember Carol Off at CBC Radio’s As It Happens grilling me about that in an interview almost exactly four years ago, after I’d written…
[ad_1] Chinese technology giant Huawei Technologies said on Tuesday it has secured more than 25 commercial contracts for 5G, the largest in the world, and has shipped more than 10,000 base stations for the fifth generation of mobile communications. Rotating chairman Ken Hu, speaking at a press conference at the company’s campus in Dongguan in…
[ad_1] SINGAPORE (Reuters) – Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018.…
[ad_1] TOKYO/PARIS (Reuters) – Nissan Motor’s (7201.T) CEO plans to meet one-on-one with the deputy CEO of automaking partner Renault (RENA.PA) in Amsterdam this week, sources told Reuters, amid tensions over the future of the alliance after Chairman Carlos Ghosn’s arrest last month. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives to…
[ad_1] Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini MILAN (Reuters) – UniCredit (CRDI.MI) and British hedge fund Caius have settled a dispute over complex financial instruments which count toward Italy’s biggest bank’s capital, the two companies said. Caius had taken aim at UniCredit’s CASHES…
[ad_1] TOKYO (Reuters) – Asian share markets sank on Tuesday as heightened worries about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai MSCI’s…
[ad_1] NEW YORK (Reuters) – Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors…
[ad_1] (Reuters) – Qualcomm Inc said it believes Apple Inc remains in violation of a Chinese court’s orders to stop selling iPhones despite a software update that Apple pushed on Monday. FILE PHOTO: An attendee uses a new iPhone X during a presentation for the media in Beijing, China October 31, 2017. REUTERS/Thomas Peter/File Photo…
[ad_1] A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration (Reuters) – T-Mobile US (TMUS.O) and Sprint Corp (S.N) have received approval from the Committee on Foreign Investment in the United States (CFIUS) for their proposed merger, the…
[ad_1] WASHINGTON (Reuters) – T-Mobile US Inc and Sprint Corp have won backing for their $26 billion merger from two national security reviews on Monday, clearing key hurdles in their tie-up bid. A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30,…
[ad_1] SINGAPORE (Reuters) – Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world’s biggest producer, stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22,…
[ad_1] SEOUL (Reuters) – South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars. A worker checks cars made by GM Korea in a yard of GM Korea’s Bupyeong plant before they…
[ad_1] TOKYO (Reuters) – Asian share markets slumped on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai MSCI’s…
[ad_1] SINGAPORE (Reuters) – Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018.…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018.…
[ad_1] TOKYO (Reuters) – Asian share markets stumbled on Tuesday as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai MSCI’s…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve this week on the course of U.S. interest-rate hikes. The…
[ad_1] PARIS (Reuters) – Renault (RENA.PA) and Nissan (7201.T) executives will gather on Tuesday for a board meeting of their car making alliance, two sources said, amid tensions over the future of the partnership in the wake of Chairman Carlos Ghosn’s arrest last month. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives…
[ad_1] (Reuters) – CBS Corp said on Monday it has fired Leslie Moonves for cause and has denied a $120 million severance package as it girds for a likely legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the…
[ad_1] Several Chinese automakers planning to expand production into Canada have put their plans on hold over the Vancouver arrest of Chinese telecom giant Huawei’s CFO, says Flavio Volpe, president of the Automotive Parts Manufacturers’ Association. “Those companies are saying, ‘Look, while we’re still interested of course, North America is a target market for our…
[ad_1] NEW YORK (Reuters) – Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States and as investor concern over global economic growth and fuel demand grows. A gas station worker pumps fuel into a motorbike at a gas station…
[ad_1] New York’s Dow index fell 507 points or 2.1 per cent Monday, while the TSX was at a two-year low. Investors turned cautious ahead of the U.S. Federal Reserve’s monetary policy guidance, expected on Wednesday. The Fed is expected to raise U.S. interest rates at the end of its two-day meeting on Wednesday. But…
[ad_1] FILE PHOTO: People gather prior to the start of a keynote speech at the All Things Oracle OpenWorld Summit in San Francisco, California September 24, 2013. REUTERS/Jana Asenbrennerova/File Photo (Reuters) – Business software maker Oracle Corp beat Wall Street estimates for quarterly results on Monday, as it added more clients to its cloud services…
[ad_1] NEW YORK (Reuters) – Oil prices fell more than 2 percent on Monday, with U.S. crude hitting the lowest since September 2017, on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over global economic growth and fuel demand. A gas station worker pumps fuel into a…
[ad_1] Canada’s Prime Minister Justin Trudeau holds a news conference on the final day of the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Martin Acosta OTTAWA (Reuters) – The Canadian arm of General Dynamics Corp (GD.N) warned Ottawa on Monday the federal government would incur “billions of dollars of liability” by unilaterally…
[ad_1] The country’s three national wireless carriers have agreed to offer “broad range” data-only plans through their second- and third-tier brands, including $30-per-month plans with more megabytes than previously suggested, the industry’s federal regulator said Monday. The Canadian Radio-television and Telecommunications Commission ordered Bell, Rogers and Telus in March to come up with low-cost data-only plans…
[ad_1] SAO PAULO (Reuters) – Brazil’s Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is…
[ad_1] About 19 per cent of Canadian women and 13 per cent of men reported being harassed in the workplace, with the highest level of harassment in health-care jobs, according to Statistics Canada. Verbal abuse was the most common form of harassment for both men and women with 13 per cent of women and 10…
[ad_1] Alimentation Couche-Tard Inc. and CrossAmerica Partners LP have signed a deal to swap convenience and gas station assets in the United States. Under the agreement, Couche-Tard has agreed to sell 192 U.S. convenience and fuel retail stores to CrossAmerica, with an aggregate value of about $184.5 million US. Meanwhile, CrossAmerica has agreed to sell…
[ad_1] Newfoundland and Labrador’s ambitious plans to dramatically expand the province’s lucrative offshore oil and gas industry got a nasty jolt on Nov. 16. Amid a fierce winter storm, an estimated 250,000 litres of oil spilled into the ocean from Husky Energy’s SeaRose platform, about 350 kilometres from St. John’s. It was the largest spill…
[ad_1] If you own a cellphone, use the internet or watch TV, your life has probably been affected by one of the most influential consumer advocacy organizations in the country — a group on the verge of shutting its doors for good. For the past 42 years, the Public Interest Advocacy Centre [PIAC] has fought for better consumer protections from…
[ad_1] If you are a mother who has taken a break from full-time employment to raise kids, you may have also experienced the challenge that is jumping back into the working world after your break. You may find you need more time flexibility; you have been out of the job market for years and so…
[ad_1] Home sales across the country fell for a third consecutive month in November, as two of what had been the hottest markets, the Greater Toronto Area and the Greater Vancouver Area, reported lower activity. The Canadian Real Estate Association said national home sales through its multiple listing service system dropped by 2.3 per cent last…
[ad_1] Boeing is buying a majority stake in Embraer’s commercial aircraft and services operations for $4.2 billion. The joint venture, announced Monday, gives Boeing 80 per cent ownership of those operations, with Embraer owning the remaining stake. Boeing will have operational and management control of the company. Embraer will keep consent rights for some decisions,…
[ad_1] Canadian travellers who are bumped from a flight due to overbooking or are stuck grappling with lost luggage will soon see stricter rules on compensation Transport Minister Marc Garneau will unveil the first version of the long-awaited air passenger bill of rights later this morning. The details will be published in the Canada Gazette, and…
[ad_1] TransCanada Corp. has signed a deal to sell its Coolidge Generating Station in Arizona to a subsidiary of Southwest Generation Operating Co. LLC for $623 million. TransCanada chief executive Russ Girling says the sale, worth $465 million U.S., is part of a plan to help fund the company’s capital spending program. The 575-megawatt natural gas-fired power…
[ad_1] Just when you didn’t think there could be any more drama over the Pentagon’s decade long, $10 billion JEDI contract RFP, the plot thickened again last week when Amazon Web Services (AWS) joined the US government as a defendant in Oracle’s lawsuit over the Pentagon’s handling of the contract RFP process. Earlier this month,…
[ad_1] GENEVA (Reuters) – The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization (WTO) to its knees. FILE PHOTO: Workers paint the ground at a port in Qingdao, Shandong province, China April 9, 2018.…
[ad_1] (Reuters) – Alphabet Inc’s (GOOGL.O) Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs. FILE PHOTO: The Google signage is seen at the company’s offices in New York January…
[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) – Brazil’s Embraer SA said on Monday it has finalized terms of a proposed deal to sell 80 percent of its commercial aviation business…
[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) – Brazil’s Embraer said on Monday it had finalised the terms of a proposed deal to sell 80 percent of its commercial aviation business…
[ad_1] FILE PHOTO: The Google signage is seen at the company’s offices in New York January 8, 2013. REUTERS/Andrew Kelly (Reuters) – Alphabet Inc’s (GOOGL.O) Google is investing over $1 billion to establish a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and…
[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) – Brazil’s Embraer (EMBR3.SA) said on Monday it had finalized the terms of a proposed deal to sell 80 percent of its commercial aviation…
[ad_1] MILAN (Reuters) – Markets started cautiously as the concern over global growth that sent world stocks to 17-month lows was only partly tempered by expectations of encouraging messages from the United States and China. An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7,…
[ad_1] LONDON (Reuters) – Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. A gas station worker pumps fuel into a motorbike at a gas station of the Venezuelan state-owned oil company PDVSA…
[ad_1] FILE PHOTO: The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi/File Photo MILAN (Reuters) – An Italian judge said on Monday there was evidence showing oil groups Eni (ENI.MI) and Royal Dutch Shell (RDSa.L) were aware that their 2011 purchase of a…
[ad_1] Malaysia said on Monday it has filed criminal charges at home against Goldman Sachs and two of the U.S. bank’s former employees in connection with a corruption and money laundering probe at state fund 1MDB. Goldman Sachs has been under scrutiny for its role in helping raise $6.5 billion US through three bond offerings…
[ad_1] KUALA LUMPUR (Reuters) – Malaysia said on Monday it has filed criminal charges at home against Goldman Sachs and two of the U.S. bank’s former employees in connection with a corruption and money laundering probe at state fund 1MDB. FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New…
[ad_1] OTTAWA/BEIJING (Reuters) – Canadian diplomats gained consular access on Sunday to the second of two men detained by China over the past week, Canada’s foreign ministry said in a statement that gave few details, as China said it was ensuring their rights were protected. FILE PHOTO: Canadian businessman Michael Spavor arrives next to the…
[ad_1] TOKYO (Reuters) – Asian share markets ticked up on Monday as investors cautiously looked to whether key policy events in the United States and China could allay concerns about slowing global economic growth. An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018.…
[ad_1] WASHINGTON (Reuters) – The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business. FILE PHOTO: U.S. dollar and China…
[ad_1] A man takes pictures of the logo of Swiss power technology and automation group ABB ahead of a news conference to present the company’s full year results, in Zurich, Switzerland, February 8, 2018. REUTERS/Moritz Hager ZURICH (Reuters) – ABB (ABBN.S) reached a deal with Japan’s Hitachi (6501.T) to sell its Power Grids division, with…
[ad_1] Employees work on paracetamol production line for UPSA brand of Bristol-Myers Squibb Group at the company’s factory in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau (Reuters) – Japanese healthcare firm Taisho Pharmaceutical Holdings Co Ltd (4581.T) is said to be close to a $1.6 billion deal for Bristol-Myers Squibb Co’s (BMY.N)…
[ad_1] NAB Group CEO Andrew Thorburn poses for a photocall outside their office in Sydney, Australia May 2, 2018. REUTERS/Edgar Su SYDNEY (Reuters) – National Australia Bank Ltd (NAB.AX) said on Monday its CEO will take about two months leave around the scheduled release of a major report into the country’s finance sector, prompting a…
[ad_1] TOKYO (Reuters) – Nissan Motor’s (7201.T) board is expected to meet on Monday, its first since firing chairman Carlos Ghosn last month, to decide on ways to improve governance at the automaker amid rising tensions with alliance partner Renault (RENA.PA). Nissan’s signboard is seen behind a traffic sign at its showroom in Tokyo, Japan,…
[ad_1] SAN FRANCISCO (Reuters) – The lead attorney for the group of Apple Inc device assemblers seeking at least $9 billion in damages from Qualcomm Inc said on Sunday the contract manufacturers are not in settlement talks with the mobile chip supplier and are “gearing up and heading toward the trial” in April. FILE PHOTO:…
[ad_1] A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Hitachi Ltd (6501.T) and ABB (ABBN.S) will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s…
[ad_1] TOKYO (Reuters) – Asian share markets began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the broadening impact of international trade frictions. An investor sits in front of a board showing stock information at a brokerage office…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices edged up on Monday amid a fall in drilling activity in the United States, but lingering concerns about weaker economic growth in major economies kept a lid on gains. A gas station worker pumps fuel into a motorbike at a gas station of the Venezuelan state-owned oil company…
[ad_1] TOKYO (Reuters) – Asian share markets started the week on a cautious footing on Monday after weak economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the impact of international trade frictions on business and profits. An investor sits in front of a board showing stock…
[ad_1] LONDON (Reuters) – Uber Technologies Inc welcomed on Monday the British government’s response to a review into workplace rights, which looks set to preserve the business models of gig economy companies, but unions rubbished the business ministry’s plans. The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah…
[ad_1] (Reuters) – EQT Corp’s board of directors will ask to meet Toby and Derek Rice for talks, people familiar with the matter said on Sunday, after the two brothers threatened the largest producer of natural gas in the United States with a board challenge. FILE PHOTO – Traders yell as they wait for the…
[ad_1] PARIS (Reuters) – Renault (RENA.PA) requested a full Nissan shareholder meeting, a source close to the company said – appearing to escalate the carmaker’s standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman and CEO Carlos Ghosn. Nissan’s signboard is seen behind a traffic sign at its showroom…
[ad_1] MEXICO CITY (Reuters) – Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense of riskier, deepwater projects under a new government that has vowed to turn around the ailing company. FILE PHOTO: The Pemex logo is pictured during the 80th anniversary of the…
[ad_1] Canadian businessman Michael Spavor arrives next to the former NBA basketball player Dennis Rodman (not pictured) after a trip to North Korea, at Beijing Capital International Airport, Beijing, China January 13, 2014. Picture taken January 13, 2014. REUTERS/Kim Kyung-Hoon OTTAWA (Reuters) – Canadian diplomats were granted consular access on Sunday to the second of…
[ad_1] FILE PHOTO: A combination picture shows logos of Japan’s Nissan and France’s Renault on cars in Strasbourg, eastern France, Oct. 25, 2012. REUTERS/Vincent Kessler/File Photo (Reuters) – Renault SA (RENA.PA) has sent a letter to its alliance partner Nissan Motor Co Ltd (7201.T), urging the Japanese carmaker to call a meeting of its shareholders…
[ad_1] Jean-Dominique Senard, Michelin Chief Executive Officer, attends a news conference to present the company’s 2017 annual results in Paris, France, February 12, 2018. REUTERS/Charles Platiau PARIS (Reuters) – The French government is considering backing Michelin (MICP.PA) chief executive Jean-Dominique Senard for the chairmanship of Renault (RENA.PA), replacing embattled CEO Carlos Ghosn, Le Figaro reported…
[ad_1] NEW YORK (Reuters) – A number of institutional investors in ExxonMobil Corp (XOM.N) have said they will file a shareholder resolution which calls on the world’s largest oil company to set targets for lowering its greenhouse gas emissions. FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor…
[ad_1] LONDON (Reuters) – Regulators should scrutinize clearing houses and banks together to spot financial stability threats from the world’s multi-trillion dollar derivatives market, the Bank for International Settlements said on Sunday. Almost two-thirds of interest rate swaps pass through clearing houses like LICH (LSE.L) and Eurex (DB1Gn.DE), ensuring the safe completion of trades even…
[ad_1] LONDON (Reuters) – Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday. FILE PHOTO: United States one dollar bills are seen on a light table at…
[ad_1] Canada’s trailblazing move to legalize cannabis for recreational use, which sparked an entirely new industry and had wide-ranging implications for nearly every facet of society, has been voted The Canadian Press business news story of the year. The term “disruption” in business has become so overused that it has become an empty cliché, but…
[ad_1] The cash desk sign of a nearby car park is pictured next to the head quarters of Germany’s largest business bank, Deutsche Bank, in Frankfurt, Germany, January 29, 2018. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Qatar is considering increasing its stake in Deutsche Bank (DBKGn.DE), newspaper Handelsblatt reported on Sunday. The Qatari royal family already…
[ad_1] FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo (Reuters) – A Glencore PLC-controlled mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid…
[ad_1] NEW YORK (Reuters) – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. FILE PHOTO: A Wall Street sign is seen outside the New York Stock…
[ad_1] WASHINGTON (Reuters) – ZIRP. ZLB. ELB. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo Whatever the acronym, when the U.S. Federal Reserve dropped its policy rate to near zero on Dec. 16, 2008, to counter a full-scale economic crisis, it ushered in what the…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – In June 2006, the U.S. Federal Reserve raised interest rates for a 17th consecutive time but cushioned the increase with a strong signal that officials were ready to stop the tightening cycle. FILE PHOTO: FILE PHOTO: A cyclist passes the Federal Reserve building in Washington, DC, U.S., August 22, 2018.…
[ad_1] JAKARTA (Reuters) – Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated for thousands of products traded between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway…
[ad_1] BERLIN (Reuters) – Germany’s economy minister said he believed the Russian-backed Nord Stream 2 pipeline can go ahead while preserving Ukraine’s vital interests, but that Berlin is also in talks to diversify its energy supply with liquefied natural gas. German Economy Minister Peter Altmaier pauses during an interview in his office in Berlin, Germany…
[ad_1] Cars are parked outside the headquartes of Qatar Petroleum in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. REUTERS/Stringer DOHA (Reuters) – Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state…
[ad_1] A general view shows the skyline of Potsdamer Platz square and the Leipziger Strasse street in Berlin, Germany, November 6, 2018. REUTERS/Fabrizio Bensch BERLIN (Reuters) – Berlin plans to cut to 10 percent the threshold at which it can launch national security probes of stake purchases by non-European companies in German firms, business newspaper…
[ad_1] Canadian employers may need to step up their game if they want to avoid costly staff turnover, a new survey suggests. Research conducted by Nielson on behalf of human resources software company Ceridian found that nearly three quarters of respondents were either looking for work, or would consider jumping ship if approached with the right opportunity. Among 1,001 Canadians…
[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. Cameras in plastic surgeon’s office It’s probably safe to say that most people expect total privacy when they walk into the treatment room at their doctor’s office. But our latest investigation reveals…
[ad_1] NEW YORK (Reuters) – U.S. stocks are down only slightly for 2018, but that masks a volatile year for investors. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 16, 2018. REUTERS/Lucas Jackson Trade-related tensions between the United States and China, weakness…
[ad_1] While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant’s ambition to be a leader in next-generation telecoms is colliding with security worries abroad. Australia and New Zealand have barred Huawei Technologies Ltd. as a supplier for fifth-generation networks. They joined the United States and Taiwan, which limit…
[ad_1] The arrest of a Chinese tech executive is yet another example that the U.S. is creating “a new Cold War” in international trade, says economist Jeffrey Sachs, who adds that Canada is abetting its southern neighbour. Canadian officials arrested Meng Wanzhou, the chief financial officer of the Chinese telecommunications firm Huawei, in Vancouver on an…
[ad_1] (Reuters) – Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA, local media said on Saturday. FILE PHOTO – A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22, 2018. REUTERS/Andres Martinez Casares The refinery has…
[ad_1] The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger DUBAI (Reuters) – Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group’s ability to reach agreement despite intense internal political differences. The…
[ad_1] It feels like there’s a WeWork on every street nowadays. Take a walk through midtown Manhattan (please don’t actually) and it might even seem like there are more WeWorks than office buildings. Consider this an ongoing discussion about Urban Tech, its intersection with regulation, issues of public service, and other complexities that people have…
[ad_1] Canada and Japan have agreed to additional trade rules on motor vehicle safety and environmental standards, according to a side letter tabled in the House of Commons Tuesday. The new measures take effect with the rest of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade deal on Dec. 30. North American auto manufacturers — Fiat Chrysler, Ford…
[ad_1] One of Canada’s largest oil companies is listing a series of potential pitfalls from the Alberta government’s decision to impose a mandatory cut to oil production in the province. On Friday, as part of its announcement of 2019 capital spending, Suncor outlined how the production cut could negatively impact the company. While the majority of the…
[ad_1] Christmas is a time of celebration, but once the party’s over, plenty of garbage is hauled to the curb. Environmental group Zero Waste Canada estimates that from mid-November to mid-January, the average Canadian generates about 25 per cent more trash than during the rest of the year. The reason: people buy more stuff over the holidays,…
[ad_1] WASHINGTON (Reuters) – Canada and the United States agreed on Friday that politics should be kept out of the process to extradite senior Huawei Technologies Co [HWT.UL] executive Meng Wanzhou, who is being held on a U.S. extradition warrant, Canadian Foreign Minister Chrystia Freeland said. “We all agree that the most important thing we…
[ad_1] ZHOUSHAN, China (Reuters) – Boeing Co (BA.N) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus (AIR.PA) in one of the world’s top travel markets that has been overshadowed by the U.S-China trade war. FILE PHOTO: A Boeing logo is pictured…
[ad_1] PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (This Dec. 13 story corrects the rate-hike percentage to 6.4 from 12 in the headline and the first paragraph) (Reuters) – PG&E Corp (PCG.N) said on Thursday it had requested California’s top…
[ad_1] FRANKFURT (Reuters) – German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday. Etihad Airways’ decision to withdraw funding for Air Berlin sent Germany’s then No.2 carrier into insolvency. The administrator said previously that Etihad…
[ad_1] NEW YORK (Reuters) – As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,…
[ad_1] (Reuters) – Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos. The…
[ad_1] LOS ANGELES (Reuters) – CBS Corp on Friday named the Time’s Up anti-sexual harassment group and 17 other organizations that will share a $20 million donation stemming from the exit of its chief executive Les Moonves following allegations of sexual misconduct. FILE PHOTO: CBS chairman Moonves arrives for “The Late Show with Stephen Colbert”…
[ad_1] NEW YORK (Reuters) – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. FILE PHOTO: A Wall Street sign is seen outside the New York Stock…
[ad_1] WASHINGTON/OTTAWA (Reuters) – U.S. Secretary of State Mike Pompeo said on Friday China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant. U.S. Secretary of State Mike Pompeo speaks during a news conference after the U.S.-Canada ministerial meeting…
[ad_1] BEIJING/WASHINGTON (Reuters) – China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies. The Ministry of Finance, in a statement on its website, also said it hopes…
[ad_1] FILE PHOTO: Workers paint the ground at a port in Qingdao, Shandong province, China April 9, 2018. REUTERS/Stringer/File Photo WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March…
[ad_1] NEW YORK (Reuters) – A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro zone business ended the year on a weak note, expanding at the slowest…
[ad_1] PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (Reuters) – The California Public Utilities Commission has opened a proceeding to consider penalties against Pacific Gas and Electric Company, ordering immediate action against the utility for falsifying safety documents for natural…
[ad_1] WASHINGTON/NEW YORK (Reuters) – T-Mobile US Inc and Sprint Corp believe their foreign owners’ offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company. Like all major U.S. wireless…
[ad_1] WASHINGTON (Reuters) – CVS Health Corp (CVS.N) defended on Friday an agreement with the U.S. Justice Department which allowed it to purchase health insurer Aetna for $69 billion, a settlement that a federal judge is still assessing. FILE PHOTO: Shoppers walk outside a CVS store and pharmacy in Medford, Massachusetts, U.S. December 4, 2017.…
[ad_1] The Ontario government will recall the legislature on Monday after workers at Ontario’s power union filed a notice to strike on Friday. The government says it will meet to pass back-to-work legislation to keep power workers on the job and prevent widespread outages. Friday evening, the Power Workers’ Union (PWU) filed a notice to strike to…
[ad_1] Oilpatch pushback to a letter written by the mayor of Whistler, B.C., has led to the cancellation of the energy-related portion of a high-profile investment conference held in the mountain community. In a recent letter, Whistler Mayor Jack Crompton asked the head of oilsands giant Canadian Natural Resources to commit to pay for its “fair share of the…
[ad_1] McAfee computer security software is shown for sale at a computer store in San Marcos, California, U.S., May 15, 2017. REUTERS/Mike Blake (Reuters) – Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp, a source familiar with the matter said on…
[ad_1] (Reuters) – Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion…
[ad_1] (Reuters) – An Irish regulator said on Friday it was investigating Facebook Inc (FB.O) following the company’s disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches. The Irish Data Protection Commissioner (DPC), the lead regulator of Facebook in the…
[ad_1] Forced Alberta government crude oil production cuts next year will result in “unintended consequences” that could include increased safety hazards for its employees, Suncor Energy Inc. warned Friday. Despite the cuts that begin Jan. 1, Canada’s largest integrated oil and gas company forecasts production will grow by 10 per cent in 2019 on a…
[ad_1] General Motors of Canada is working with other employers to identify jobs and targeted training programs for GM employees affected by plans to close the Oshawa Assembly plant next year, the truck and auto maker said Friday. It says several employers have identified about 2,000 jobs that will become open in Durham region in…
[ad_1] Ontario’s Progressive Conservative government will recall the legislature next week in order to enact back-to-work legislation to keep power workers on the job and prevent widespread outages, a government official has told CBC Toronto. Earlier Thursday, an official had said that the government was prepared to recall the legislature. By the afternoon, it was confirmed…
[ad_1] The Progressive Conservatives are prepared to recall the legislature over the Christmas break in order to enact back-to-work legislation to keep power workers on the job and prevent widespread outages, a government official has told CBC Toronto.. On Thursday, members of the Power Workers’ Union (PWU) rejected the final contract offer from Ontario Power…
[ad_1] YOKOHAMA, Japan (Reuters) – Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn’s use of an internal ‘CEO Reserve’ fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters. FILE PHOTO: Carlos…
[ad_1] (Reuters) – An Irish regulator said on Friday it had launched an investigation into Facebook Inc (FB.O) after the company disclosed a bug that may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches. FILE PHOTO: A 3D printed Facebook logo is seen in…
[ad_1] (Reuters) – Shares of Johnson & Johnson (JNJ.N) tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. FILE PHOTO: A Johnson & Johnson building is…
[ad_1] OTTAWA/WASHINGTON (Reuters) – Canadian Prime Minister Justin Trudeau on Friday said China’s detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate. FILE PHOTO: Canada’s Prime Minister Justin Trudeau holds a news conference on the final day of the G20 leaders summit in Buenos Aires,…
[ad_1] When I visited the GE Global Research Center in Niskayuna, New York in April 2017, I thought I saw a company that was working hard to avoid disruption, but perhaps the leafy campus, the labs and experimental projects hid much larger problems inside the company. Yesterday GE announced that it is spinning out its Industrial…
[ad_1] Starbucks is expanding delivery to more stores in the U.S. and China as it tries to accelerate growth in those two markets. The company says it will offer delivery from 2,000 U.S. stores by next summer through a partnership with Uber Eats. It isn’t yet saying which stores will offer the service. In China,…
[ad_1] French President Emmanuel Macron arrives at a European Union leaders summit in Brussels, Belgium December 14, 2018. Alastair Grant/Pool via REUTERS BRUSSELS (Reuters) – French President Emmanuel Macron said on Friday that Ford’s (F.N) decision to end production at its plant in Blanquefort, southern France next year was “hostile” and said his government was…
[ad_1] (Reuters) – U.S. stocks fell 0.8 percent on Friday, as weak economic data from China and Europe exacerbated global growth fears and added to nerves about the U.S.-China trade talks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Weak monthly retail…
[ad_1] The amount Canadians owe relative to their income ticked higher in the third quarter. Statistics Canada says household credit market debt as a proportion of disposable income was 177.5 per cent in the third quarter on a seasonally adjusted basis, compared with 177.4 per cent in the second quarter. In other words, Canadians owed…
[ad_1] WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. FILE PHOTO: Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. REUTERS/Lucy Nicholson…
[ad_1] FILE PHOTO: People are reflected at the check-in counter operated by German carrier Air Berlin at Tegel airport in Berlin April 28, 2014. REUTERS/Tobias Schwarz FRANKFURT (Reuters) – German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court…
[ad_1] Cars pass by the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles in Buffalo, New York, U.S., August 3, 2018. REUTERS/Brendan McDermid BEIJING (Reuters) – Tesla Inc (TSLA.O) has cut prices on its Model S and Model X vehicles in…
[ad_1] FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a news conference to unveil Renault’s next mid-term strategic plan in Paris, France, October 6, 2017. REUTERS/Charles Platiau/File Photo SAO PAULO/TOKYO (Reuters) – Nissan said on Friday that representatives of ousted chairman Carlos Ghosn had retrieved documents from a disputed corporate…
[ad_1] FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – Renault’s (RENA.PA) board did not consider replacing Chief Executive Carlos Ghosn when it met on Thursday, interim chairman Philippe Lagayette said in a statement issued by the carmaker. Lagayette “refutes the press rumors…
[ad_1] FILE PHOTO – Cars are seen in a parking lot in Palm Springs, California, U.S. on April 13, 2015. REUTERS/Lucy Nicholson/File Photo BEIJING (Reuters) – China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019, the country’s finance ministry said on Friday, following a truce in…
[ad_1] PARIS (Reuters) – The French government is seeking candidates to replace Renault’s (RENA.PA) embattled boss Carlos Ghosn, sources told Reuters, as board members began to voice doubts about keeping him in office following his indictment in Japan for suspected misconduct. FILE PHOTO: Carlos Ghosn attends the Paris Auto Show, in Paris, France, October 1,…
[ad_1] NEW DELHI (Reuters) – Jet Airways Ltd’s (JET.NS) 69-year-old founder Naresh Goyal, who started out as an assistant in a travel agency, wove together charm, persistence and consummate dealmaking to build India’s biggest full-service carrier. FILE PHOTO: Naresh Goyal, Chairman of Jet Airways speaks during a news conference in Mumbai, India, November 29, 2017.…
[ad_1] FRANKFURT/HONG KONG (Reuters) – Indian car wiring maker Motherson Sumi Systems Ltd (MOSS.NS) is in early talks with German peer Leoni AG (LEOGn.DE) over a possible merger of the pair, two people close to the matter said. FILE PHOTO: Employees of Motherson Sumi Systems Ltd, work on a car wiring assembly line inside a…
[ad_1] HONG KONG/BEIJING (Reuters) – China Development Bank (CDB) is leading a team to supervise HNA Group’s asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said. FILE PHOTO: A Chinese flag (C) flutters at the headquarters of…
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) on Friday named services boss Philippe Mhun as its next head of programs, succeeding defense and commercial aerospace veteran Didier Evrard, who is scheduled to retire. The logo of Airbus is pictured at the Airbus A330 final assembly line at Airbus headquarters in Colomiers, near Toulouse, France, November 26,…
[ad_1] A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner PARIS (Reuters) – French luxury behemoth Louis Vuitton Moet Hennessy LVMN.PA Friday said it agreed to buy luxury hotel group Belmond (BEL.N) in a…
[ad_1] TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage in…
[ad_1] SHANGHAI/SAN FRANCISCO (Reuters) – Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues. FILE PHOTO : An attendee uses a new iPhone X during a…
[ad_1] BEIJING (Reuters) – China’s trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world’s second-largest economy and the freeing of a private sector stifled by state controls. FILE PHOTO: A Chinese flag is seen in front of the financial district of…
[ad_1] An employee pushes shopping carts outside a Walmart store in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski (Reuters) – Target Corp (TGT.N), Walmart Inc (WMT.N) and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children’s toys, New York Attorney General Barbara Underwood said. The lawsuit, filed in New…
[ad_1] An Apple company logo is seen behind tree branches outside an Apple store in Beijing, China December 14, 2018. REUTERS/Jason Lee SHANGHAI/SAN FRANCISCO (Reuters) – Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates…
[ad_1] Passersby are silhouetted as a huge street monitor broadcasts news reporting ousted Nissan Motor chairman Carlos Ghosn’s indictment and re-arrest in Tokyo, Japan December 10, 2018. REUTERS/Issei Kato TOKYO (Reuters) – Nissan Motor Co’s (7201.T) board is unlikely to select a chairman to succeed Carlos Ghosn as had been expected on Dec. 17 after…
[ad_1] LONDON/BEIJING (Reuters) – Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters…
[ad_1] TOKYO (Reuters) – Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a sharp slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. FILE PHOTO: Men look at stock quotation boards outside a brokerage…
[ad_1] TOKYO (Reuters) – Japanese business confidence and capital expenditure plans held steady from three months ago, a closely-watched central bank survey showed, a sign companies weren’t significantly worried about escalating trade frictions and global growth concerns. FILE PHOTO – A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, March…
[ad_1] NEW YORK (Reuters) – Oil prices climbed more than 2 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought. Pumpjacks are seen against the setting sun at the Daqing oil…
[ad_1] TOKYO (Reuters) – Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan,…
[ad_1] It’s unlikely a dramatic improvement in western Canadian oil prices since Alberta announced forced production curtailments two weeks ago will continue after the cuts begin on Jan. 1, 2019, a panel of experts agreed Thursday. The difference between Western Canadian Select bitumen-blend heavy oil and New York-traded West Texas Intermediate oil prices had widened…
[ad_1] BENGALURU (Reuters) – The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year. FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015.…
[ad_1] (Reuters) – Costco Wholesale Corp’s (COST.O) gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry. Shopping carts are seen at a Costco Wholesale store in Glenview, Illinois, U.S. May 24, 2016. REUTERS/Jim…
[ad_1] NEW YORK (Reuters) – A JP Morgan analyst who has long held a negative outlook on General Electric Co (GE.N) shares as they have tumbled upgraded his view on the conglomerate’s stock on Thursday. The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann GE shares…
[ad_1] A new report paints a grim picture of how Metro Vancouverites perceive the region’s real estate market. The report by non-profit Transparency International Canada, based on an online survey of residents of B.C., Alberta and Saskatchewan in August 2018, describes Western Canadians’ views and perceptions on corruption in Canada. According to the survey, 37 per cent of respondents in Metro…
[ad_1] NEW YORK (Reuters) – The S&P 500 finished little changed after a volatile session on Thursday, as investors continued to be spooked by uncertainty on both domestic and international issues, driving up bids for defensive shares while financials and consumer discretionary stocks were the biggest drags. Traders work on the floor of the New…
[ad_1] NEW YORK (Reuters) – A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme. Traders work on the floor of the New York Stock Exchange…
[ad_1] FILE PHOTO: The building in which an apartment containing cash, art works and personal belongings of Carlos Ghosn is pictured in Rio de Janeiro, Brazil, December 10, 2018. REUTERS/Ricardo Moraes/File Photo SAO PAULO (Reuters) – A Brazilian appellate judge on Thursday granted ousted Nissan Chairman Carlos Ghosn access to a Rio de Janeiro apartment,…
[ad_1] Canada’s relationship with Donald Trump has reached a “new level of frustration” after the U.S. president’s comments this week on the arrest of Huawei’s chief financial officer, says a senior source. Canada recently detained the chief financial officer of the Chinese telecommunications firm Huawei, Meng Wanzhou, on an extradition request from the U.S. She has been released…
[ad_1] Opponents of Enbridge Energy’s proposed Line 3 crude oil pipeline replacement are turning their attention to fighting the project on other fronts after a Minnesota regulatory panel took one of its final steps Thursday and reaffirmed its approval of the project. The Public Utilities Commission unanimously rejected petitions by environmental and Native American groups…
[ad_1] WASHINGTON (Reuters) – YouTube took down more than 58 million videos and 224 million comments during the third quarter based on violations of its policies, the unit of Alphabet Inc’s (GOOGL.O) Google said on Thursday in an effort to demonstrate progress in suppressing problem content. FILE PHOTO: Silhouettes of users are seen next to…
[ad_1] When the former CTOs of YouTube, Facebook, and Dropbox seed fund a database startup, you know there’s something special going on under the hood. Jiten Vaidya and Sugu Sougoumarane saved YouTube from a scalability nightmare by inventing and open sourcing Vitess, a brilliant relational data storage system. But in the decade since working there, the…
[ad_1] It’s been open season on the Quebec government since it was revealed the province will be getting a $1.4-billion boost in its equalization payment next year. Western politicians in particular have cried foul. Saskatchewan Premier Scott Moe called Quebec’s allotment “problematic” in an interview with The Globe and Mail. Alberta’s finance minister, Joe Ceci, said it…
[ad_1] Canadians living in the country’s two largest cities may find themselves more “vulnerable” to interest rate increases as personal debt levels in Toronto and Vancouver continue to hit record levels, warns a Canada Mortgage Housing Corporation report. The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per…
[ad_1] AltaGas Ltd. is slashing its dividend by 56 per cent and selling its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion. The Calgary-based company says it will now pay a monthly dividend of eight cents per share, down from 18.25 cents per share. The cut to its payments to shareholders…
[ad_1] Apple will build a $1 billion campus in Austin, Texas, break ground on smaller locations in Seattle, San Diego and Culver City, California, and over the next three years will expand in Pittsburgh, New York and Colorado. The tech giant said Thursday that the new campus in Austin, less than a mile from existing…
[ad_1] Kimberly-Clark is recalling regular absorbency U by Kotex Sleek tampons in Canada and the United States after reports of the tampons coming apart while being removed from the body. The American company says that in some cases, tampon users sought medical attention “to remove tampon pieces left in the body.” In a news release posted online…
[ad_1] Escalating fears of retaliation after Canada detained a high-ranking Chinese business executive have prompted some Canadian business leaders to think twice before going to China on business. The detention of Huawei CFO Meng Wanzhou in Vancouver on behalf of U.S. authorities earlier this month enraged Chinese authorities. And though she’s been released on bail, the situation has prompted fears that…
[ad_1] As companies shift to CI/CD (continuous integration/continuous delivery), they face a problem around monitoring and fixing problems in builds that have been deployed. How do you deal with an issue after moving onto the next delivery milestone? Harness, the startup launched last year by AppDynamics founder Jyoti Bansal, wants to fix that with a…
[ad_1] FRANKFURT (Reuters) – The European Central Bank officially ended on Thursday its lavish post-crisis asset purchase scheme but promised to keep feeding stimulus into an economy struggling with an unexpected slowdown and political turmoil. Having long flagged the end of quantitative easing, the ECB had little choice but to stop the bond buys. But…
[ad_1] Work-Bench, an early stage enterprise startup venture capital firm based in New York City announced its $47 million Fund II today. It follows their initial $10 million fund. Work-Bench is itself like a venture capital investment startup. A scrappy operation run by just five enterprise industry veterans, it defies convention in a number of…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. stocks opened higher on Thursday, led by technology shares, as signs of progress between the United States and China on resolving their bitter trade dispute continued to boost sentiment. The…
[ad_1] FRANKFURT, Dec 13 (Reuters) – The European Central Bank decided on Thursday to end its lavish asset purchase scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil. Following are highlights of ECB President Mario Draghi’s comments at a press conference after the…
[ad_1] CHICAGO (Reuters) – China on Wednesday made its first major purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, providing some relief to U.S. farmers who have struggled to find buyers for their record-large harvest. FILE PHOTO: Farmer Lucas Richard of…
[ad_1] FRANKFURT (Reuters) – The European Central Bank decided on Thursday to end its lavish asset purchase scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil. The skyline with its financial district and the headquarters of the European Central Bank (ECB) are photographed…
[ad_1] Chorus.ai, a service that listens to sales calls in real time, and then transcribes and analyses them to give helpful tips to the salesperson, has raised $33 million to double down on the current demand for more AI-based tools in the enterprise. The Series B is being led by Georgian Partners, with participation also…
[ad_1] FILE PHOTO: Japan Post’s logo is seen at its headquarters in Tokyo, Japan, January 30, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan Post Holdings Co (6178.T), is planning to invest about $2.6 billion in Aflac Inc (AFL.N), aiming to become the largest shareholder in the U.S. insurer, a person familiar with the matter said.…
[ad_1] SAO PAULO/LONDON (Reuters) – Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. FILE PHOTO: Protesters display a banner and posters in front of the venue of commodities trader Glencore’s annual shareholder meeting in Zug, Switzerland May 2, 2018. REUTERS/Arnd…
[ad_1] KARLSRUHE, Germany (Reuters) – Germany’s highest court ruled on Thursday that a defunct limousine service offered by Uber [UBER.UL] was illegal, in a setback for the U.S. ride-hailing company that has struggled to comply with the law in Europe’s largest economy. FILE PHOTO: Uber drivers and limousine chauffeurs are seen outside the Brussels’ Palace…
[ad_1] PARIS (Reuters) – Airbus has launched a strategic review to outline changes under incoming chief executive Guillaume Faury as it faces industrial challenges and prepares for overdue modernization, industry sources said. FILE PHOTO: Guillaume Faury, President of Airbus Commercial Aircraft, delivers a speech during the delivery of the first A330neo commercial passenger aircraft for…
[ad_1] LONDON (Reuters) – Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China may be easing. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December…
[ad_1] Alberta Premier Rachel Notley this week breathed new life into an old NDP pledge to try to build more refineries in the province. More refineries would mean more jobs, more options for Alberta bitumen and more wealth for the province — or so the government’s argument goes. She’s canvassing the industry for private sector interest until…
[ad_1] LONDON (Reuters) – Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China may be easing. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December…
[ad_1] The Apple logo is shown during an Apple launch event in the Brooklyn borough of New York, U.S., October 30, 2018. REUTERS/Shannon Stapleton (Reuters) – Apple Inc said on Thursday it would invest $1 billion to build a new campus in North Austin, Texas. The iPhone manufacturer also plans to set up new sites…
[ad_1] DUBAI/DOHA (Reuters) – Even before taking over Qatar’s energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC. FILE PHOTO: The logo of Qatar Petroleum is seen at its headquarters in Doha, Qatar, July 8, 2017. REUTERS/Stringer Kaabi was concerned OPEC…
[ad_1] SHANGHAI (Reuters) – Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas…
[ad_1] Industrial robotics is on track to be worth around $20 billion by 2020, but while it may something in common with other categories of cutting-edge tech — innovative use of artificial intelligence, pushing the boundaries of autonomous machines that are disrupting pre-existing technology — there is one key area where it differs: each robotics…
[ad_1] TOKYO (Reuters) – SoftBank Group Corp plans to replace 4G network equipment from China’s Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources. FILE PHOTO – A pedestrian holding a mobile phone walks past a logo of SoftBank Corp in front of its branch in Tokyo…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that China is taking concrete steps to put a trade war truce with Washington into action. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture…
[ad_1] (Reuters) – U.S. solar installations fell 15 percent in the third quarter as the Trump administration’s tariffs on overseas-made panels forced developers to put off large projects, according to a report commissioned by the industry’s primary trade group. FILE PHOTO: Solar panels are pictured at the BP America Gasosaurus Gas Unit well site in…
[ad_1] SHANGHAI (Reuters) – Asian equity markets surged on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas…
[ad_1] SHANGHAI (Reuters) – Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets. FILE PHOTO: An investor sits in front of…
[ad_1] FILE PHOTO: Japan’s Chief Cabinet Secretary Yoshihide Suga attends a news conference at Prime Minister Shinzo Abe’s official residence in Tokyo, Japan May 29, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Japan’s government has no plan to ask private companies to avoid buying telecommunications equipment that could have malicious functions, such as information leakage, its…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018.…
[ad_1] FILE PHOTO: The logo of Hyundai Motor is seen at a dealership in Seoul, South Korea, April 26, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) plans to provide funding worth 1.7 trillion won ($1.5 billion) to stabilize management of its suppliers, the company said in a statement on Thursday.…
[ad_1] OTTAWA (Reuters) – Canadian Foreign Minister Chrystia Freeland on Wednesday warned the United States not to politicize extradition cases, a day after President Donald Trump said he could intervene in the affair of a Chinese executive detained in Canada at Washington’s request. Freeland also told reporters that a second Canadian citizen could be in…
[ad_1] SINGAPORE (Reuters) – U.S. oil prices edged up on Thursday, buoyed by a drawdown in inventories and by signs of easing trade tensions between Washington and Beijing. 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 Oil prices…
[ad_1] Postal workers across Canada are being asked to work seven-day weeks during the holiday season, but differences in how some are paid is sparking complaints of unfairness. The federal government passed back-to-work legislation on Nov. 27, bringing an end to six weeks of rotating strikes across the country. Mike Palecek, national president of the Canadian Union…
[ad_1] SHANGHAI (Reuters) – Canada should distance itself from U.S. “hegemonism” and grant unconditional freedom to Meng Wanzhou, a Chinese executive detained in Vancouver on Washington’s request, the state-owned tabloid Global Times said in a Thursday editorial. Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO), is seen in this undated handout photo obtained…
[ad_1] (Reuters) – Sportswear maker Under Armour Inc (UAA.N) on Wednesday forecast 2019 revenue growth and profit below Wall Street estimates on expectations of flat sales in North America, triggering a 11 percent drop in its shares. The company has been struggling to gain market share in the United States, its biggest revenue source, due…
[ad_1] ZHOUSHAN, China/SINGAPORE (Reuters) – China’s port city of Zhoushan is planning to challenge Singapore’s dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world’s biggest ports and Beijing’s support to give it an edge. A Sinopec oil tanker approaches cargo vessel Dongtai Baoze (L) berthed at an anchorage…
[ad_1] (Reuters) – Shares of China-based music streaming company Tencent Music Entertainment Group TME.N rose in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. The company’s shares opened at $14.10, or 8.5 percent above their initial public offering price of $13 per…
[ad_1] FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo (Reuters) – Cryptocurrency startup AriseBank will pay $2.3 million to the U.S. Securities Exchange Commission (SEC) to settle accusations of defrauding investors through claims such as building a cryptocurrency…
[ad_1] Via Rail has selected Germany’s Siemens over Bombardier Inc. for a $989-million contract to build new rolling stock as the Canadian passenger rail service renews its fleet of locomotives and cars for the rail corridor between Quebec City and Windsor, Ont. The company confirmed the contract, which will see trains built at its North American…
[ad_1] Rising interest rates coupled with slower income and population growth helped temper demand for new mortgages in the second quarter, according to Canada Mortgage Housing Corp. The federal housing agency says fewer Canadians opened new mortgages in the three-month period ending June 30, even though the total number of active mortgages and the value of…
[ad_1] WASHINGTON (Reuters) – The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks. Chairman Ajit Pai speaks ahead of the vote on the repeal of so called net…
[ad_1] Oracle filed suit in federal court last week alleging yet again that the decade-long $10 billion Pentagon JEDI contract with its single-vendor award is unfair and illegal. The complaint, which has been sealed at Oracle’s request, is available in the public record with redactions. If all of this sounds familiar, it’s because it’s the same argument…
[ad_1] CHICAGO (Reuters) – China on Wednesday bought at least 500,000 tonnes of U.S. soybeans in its first major purchase of the oilseed since U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, traders said. FILE PHOTO: A worker inspects soybeans during the soy harvest near…
[ad_1] FILE PHOTO: The building in which an apartment contained cash, art works and personal belongings of Carlos Ghosn is pictured in Rio de Janeiro, Brazil December 10, 2018. REUTERS/Ricardo Moraes/File photo SAO PAULO (Reuters) – A Brazilian court decided on Wednesday that ousted Nissan Chairman Carlos Ghosn or his daughter should have the right…
[ad_1] Via Rail has selected Germany’s Siemens over Bombardier Inc. for a $989-million contract to build new rolling stock as the Canadian passenger rail service renews its fleet of locomotives and cars for the rail corridor between Quebec City and Windsor, Ont. The company confirmed the contract, which will see trains built in California. Deliveries will…
[ad_1] (Reuters) – Intel Corp (INTC.O) said on Wednesday that it has developed a way to stack its computing circuits on top of one another in a bid to regain the lead in chip manufacturing technology that it has lost to rivals like Taiwan Semiconductor Co Ltd (5425.TWO) in recent years. Raja Koduri, senior vice…
[ad_1] Tigera, a startup that offers security and compliance solutions for Kubernetes container deployments, today announced that it has raised a $30 million Series B round led by Insight Partners. Existing investors Madrona, NEA and Wing also participated in this round. Like everybody in the Kubernetes ecosystem, Tigera is exhibiting at KubeCon this week, so…
[ad_1] Canada’s competition watchdog is looking into whether or not WestJet’s discount carrier Swoop has been offering airline tickets at below cost just to push rivals out of those routes. As first reported by Ottawa-based political publication Blacklock’s Reporter, the Competition Bureau of Canada has begun an investigation into whether or not Swoop has engaged…
[ad_1] Huawei’s chief financial officer has been released on $10 million bail — with five guarantors — as she awaits possible extradition to the United States on fraud charges. Meng Wanzhou, 46, was granted bail after three days of hearings concluded on Tuesday afternoon. She exited through a side door at B.C. Supreme Court in downtown Vancouver around…
[ad_1] Lisa Clyburn knew she had found the perfect gift for her nine-year-old son: a feline-themed logic game that would appeal to his passion for cards and cats. But when the Edmonton child psychologist pulled out her phone to show her son a funny cat video on Facebook, she fears she may have inadvertently tipped…
[ad_1] Guru, the enterprise-focused information sharing platform, has today announced the close of a $25 million Series B funding led by Thrive Capital, with participation from existing investors Emergence Capital, FirstMark Capital, Slack Fund, and Michael Dell’s MSD Capital. Guru came on to the scene in 2013 with the premise that organizations are not so…
[ad_1] A view of the city skyline is seen from the Shanghai Financial Center building in Shanghai October 23, 2014. REUTERS/Aly Song (Reuters) – China is planning to replace an industrial policy with a new program that promises greater access for foreign companies, the Wall Street Journal reported here on Wednesday, in a move to…
[ad_1] (Reuters) – U.S. stocks rose 1 percent on Wednesday, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fuelled by President Donald Trump’s upbeat comments on trade. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December…
[ad_1] After raising $55 million in October at a $500 million valuation, business software marketplace G2 Crowd is making its first-ever acquisition to bring more features to its platform. It is acquiring Siftery, a startup that has built its own database of business software not on user reviews, but by providing a service to businesses where…
[ad_1] MADRID (Reuters) – Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer’s market value at one stage. FILE PHOTO: Men walk by an Inditex logo at the entrance of a Zara…
[ad_1] AtScale, the startup that helps companies move massive amounts of data into business intelligence and analytics tools, announced a $50 million Series D round today. Morgan Stanley led the round with previous investors Storm Ventures and Atlantic Bridge joining in. New investor Wells Fargo also participated. The funding comes almost exactly a year after…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. equity futures added to gains on Wednesday after the Wall Street Journal reported that China was preparing to replace an industrial policy that will help increase access for foreign companies.…
[ad_1] Juniper Square, a four-year-old startup at the intersection of enterprise software, real estate and financial technology, has brought in an additional $25 million in Series B funding to fuel the growth of its commercial real estate investment platform. Ribbit Capital led the round, with participation from Felicis Ventures. Founded in 2014 by Alex Robinson, Yonas…
[ad_1] FILE PHOTO: The logo of Airbus is pictured at the Airbus A330 final assembly line at Airbus headquarters in Colomiers, near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau BERLIN (Reuters) – The fatal crash of a German armed forces helicopter in Mali last year was caused by the failure of mechanics from manufacturer Airbus…
[ad_1] (Reuters) – U.S. stock futures rose about 0.7 percent on Wednesday, joining a global equities rally, as President Donald Trump’s encouraging comments fueled optimism over trade negotiations between the United States and China. 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] SEOUL (Reuters) – Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world’s biggest smartphone market slumps amid rising competition from lower-cost local rivals. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South…
[ad_1] As companies compete for talent, a startup that has built a platform to help ensure that the talent — once it’s working for you — doesn’t get bogged down by IT frustration, has raised a significant round of funding. Lausanne, Switzerland-based Nexthink has nailed down $85 million in funding led by Index Ventures (which…
[ad_1] WASHINGTON (Reuters) – Here are highlights from the Reuters interview with U.S. President Donald Trump on Tuesday. U.S. President Donald Trump answers questions during an exclusive interview with Reuters journalists in the Oval Office at the White House in Washington, U.S. December 11, 2018. REUTERS/Jonathan Ernst ON THE POSSIBLE EXTRADITION OF HUAWEI EXECUTIVE “Well…
[ad_1] WASHINGTON (Reuters) – JPMorgan Chase & Co (JPM.N) has made a splash this year in Washington, D.C. opening branches for the first time in the nation’s capital. 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/File Photo Smaller…
[ad_1] TOKYO/PARIS (Reuters) – Renault (RENA.PA) told alliance partner Nissan (7201.T) to stop contacting the French company’s directors ahead of a Thursday board meeting as the Japanese automaker tried to share evidence of wrongdoing by its ousted chairman Carlos Ghosn, two sources said. FILE PHOTO: Carlos Ghosn, former CEO of the Renault-Nissan Alliance arrives to…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Tuesday that China was buying a “tremendous amount” of U.S. soybeans and that trade talks with Beijing were already under way by telephone, with more meetings likely among U.S. and Chinese officials. FILE PHOTO: A man displays imported soybeans at a port in Nantong, Jiangsu province,…
[ad_1] FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Samsung Electronics will suspend operations at one of its mobile phone manufacturing plants in China, a company spokeswoman said on Wednesday. Amid slumping sales and rising labor costs in…
[ad_1] Considering the recent oil price crash in Western Canada and the fact a provincial election is expected in the spring, the Alberta government is trying to pull out all the stops to lift the oilpatch out of the doldrums. Buying railway oil tank cars, subsidizing petrochemical plants and mandating oil production cuts are some of the NDP’s moves…
[ad_1] Amazon associate Cindy Umipig checks inventory at a smaller format Amazon Go store, which will be open to Amazon employees and their guests, in the Blue Shift office in downtown Seattle, Washington, U.S., December 10, 2018. REUTERS/Lindsey Wasson SEATTLE (Reuters) – Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go…
[ad_1] FILE PHOTO: A Rolls Royce jet engine is seen on Boeing 787-10 on the static display during the 52nd Paris Air Show at Le Bourget Airport near Paris, France June 20, 2017. REUTERS/Pascal Rossignol LONDON (Reuters) – Rolls-Royce (RR.L) expects its 2018 group profit and free cash flow to be in the upper half…
[ad_1] FILE PHOTO: Chinese Foreign Ministry spokesman Lu Kang answers questions about a major bus accident in North Korea, during a news conference in Beijing, China April 23, 2018. REUTERS/Jason Lee BEIJING (Reuters) – China’s Foreign Ministry said on Wednesday that Canada’s arrest of Meng Wanzhou, a top executive with Chinese tech giant Huawei, was…
[ad_1] FILE PHOTO: Men walk by an Inditex logo at the entrance of a Zara factory, the headquarters of Inditex group, in Arteixo, northern Spain, March 9, 2016. REUTERS/Miguel Vidal MADRID (Reuters) – Zara owner Inditex (ITX.MC) on Wednesday reported net profit of 2.4 billion euros ($2.7 billion) for the first nine months of its…
[ad_1] WASHINGTON (Reuters) – The United States is considering issuing a new warning to U.S. citizens, including business executives, traveling to China after Canada arrested a senior Huawei Technologies Co Ltd [HWT.UL] executive at Washington’s request, two sources said on Tuesday. A man uses his phone as he sits in front of a Huawei shop…
[ad_1] SEOUL (Reuters) – South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris…
[ad_1] SYDNEY (Reuters) – Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May. Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018.…
[ad_1] KUALA LUMPUR (Reuters) – Malaysian prosecutors on Wednesday filed new graft charges against former prime minister Najib Razak and the former chief executive of scandal-linked state fund 1MDB, in the latest cases over alleged theft of billions of dollars from the fund. FILE PHOTO: Malaysia’s former Prime Minister Najib Razak leaves a court in…
[ad_1] SYDNEY (Reuters) – Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May. Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018.…
[ad_1] VANCOUVER (Reuters) – A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of U.S. authorities sparked a diplomatic dispute. Meng Wanzhou, Huawei’s [HWT.UL] chief financial officer and the daughter of its founder, faces…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank. U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman…
[ad_1] PARIS (Reuters) – The French government said on Tuesday it remained unaware of detailed allegations against Renault SA (RENA.PA) boss Carlos Ghosn sent to the carmaker a day earlier by Japanese alliance partner Nissan Motor Co Ltd (7201.T). FILE PHOTO: Carlos Ghosn attends the Tomorrow In Motion event on the eve of press day…
[ad_1] NEW YORK/HONG KONG (Reuters) – China-based music streaming company Tencent Music Entertainment Group TME.N said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen,…
[ad_1] VANCOUVER/BEIJING (Reuters) – A top executive of Chinese telecoms giant Huawei Technologies Co Ltd wanted by the United States to answer to fraud accusations was granted C$10 million ($7.5 million) bail by a Canadian court on Tuesday, a move that could help soothe Chinese anger over her arrest. Meng Wanzhou, 46, Huawei’s [HWT.UL] chief…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing. U.S. President Donald Trump answers questions during an exclusive interview with Reuters journalists in the Oval Office at…
[ad_1] FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) is planning to sell its stake in Nvidia Corp (NVDA.O) early next year as the U.S. chipmaker’s shares slide, Bloomberg reported, citing people…
[ad_1] VANCOUVER/BEIJING (Reuters) – A Canadian court on Tuesday granted bail to a top executive of Huawei Technologies Co Ltd while she awaits a hearing for extradition to the United States, a move that could help placate Chinese officials angered by her arrest. Meng Wanzhou, 46, Huawei’s chief financial officer and the daughter of its…
[ad_1] FILE PHOTO: The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany, October 31, 2018. REUTERS/Hannibal Hanschke/File Photo HOUSTON (Reuters) – German engineering firm Siemens (SIEGn.DE) plans to dismiss about 200 workers at a gas turbines parts and components service center in Houston, Texas, next year due to weaker global demand,…
[ad_1] WASHINGTON (Reuters) – Google has “no plans” to relaunch a search engine in China though it is continuing to study the idea, Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday amid increased scrutiny of big tech firms. Google CEO Sundar Pichai testifies at a House Judiciary Committee hearing “examining Google and…
[ad_1] When Dell voted to buy back the VMware tracking stock and go public again this morning, you had to be wondering what exactly the strategy was behind these moves. While it’s clearly about gaining financial flexibility, the $67 billion EMC deal has always been about setting the company up for a hybrid and private…
[ad_1] The Alberta government is issuing a request for expressions of interest from the private sector to build a refinery in the province that would use oil extracted here. Premier Rachel Notley said Tuesday that a new refinery is one way to reduce the oil price differential that is battering the Alberta treasury. “Let’s stop the talk and…
[ad_1] First Nations chiefs and leaders who say they represent over 200 Indigenous communities in B.C. and Alberta are fighting back against the federal government’s plan to ban all oil tanker traffic off the coast of northern B.C., calling it an “attack” on the energy industry that will impoverish remote First Nations. Chief Roy Jones Jr.…
[ad_1] New York (Reuters) – Wall Street’s three major indexes turned higher in a volatile session as investors appeared hopeful about China-U.S. trade talks, reversing an earlier slump that coincided with President Donald Trump’s threat to shut down the U.S. government. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] NEW YORK (Reuters) – A gauge of global stock markets rose in volatile trade on Tuesday following threats by U.S. President Donald Trump to shut down the government over a funding fight, though stocks in Europe advanced on signs of a thaw in the U.S.-China trade battle. Traders work on the floor of the…
[ad_1] The logo of a McDonald’s Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson (Reuters) – McDonald’s Corp on Tuesday released guidelines for suppliers of beef in its top 10 sourcing countries to curb the use of antibiotics as the fast-food giant joins a broad effort to battle dangerous…
[ad_1] (Reuters) – The S&P 500 gave up most gains and Dow Industrials turned lower on Tuesday after President Donald Trump’s threat to shut down the government over funding for a border wall undid the boost to markets from optimism over China-U.S. trade talks. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] Canada Goose shares have fallen for five days in a row after the outdoor apparel maker has become a target of Chinese consumers upset by the arrest of a high-ranking technology executive in Canada. The company has lost 20 per cent of its value on the Toronto Stock Exchange since word emerged that Meng Wanzhou,…
[ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – The S&P 500 and the Dow Jones Industrial Average gave up all gains on Tuesday, reversing from a strong start on the back of progress in U.S.-China trade…
[ad_1] The Cloud Native Computing Foundation (CNCF), the open-source home of projects like Kubernetes and Vitess, today announced that its technical committee has voted to bring a new project on board. That project is etcd, the distributed key-value store that was first developed by CoreOS (now owned by Red Hat, which in turn will soon…
[ad_1] (Reuters) – U.S. stocks rose for the second straight day on Tuesday, led by technology companies on signs that China and the United States were moving toward resolving their bitter trade dispute that has roiled global equities markets for months. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] Google CEO Sundar Pichai testifies at a House Judiciary Committee hearing “examining Google and its Data Collection, Use and Filtering Practices” on Capitol Hill in Washington, U.S., December 11, 2018. REUTERS/Jim Young WASHINGTON (Reuters) – Google Chief Executive Sundar Pichai told a U.S. House panel Tuesday that the Alphabet Inc unit currently has “no…
[ad_1] 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 (VZ.N) said Tuesday it will take a $4.6 billion charge related to its Oath media assets – Yahoo and AOL – and a severance charge of up to…
[ad_1] Google’s CEO faces a grilling from U.S. lawmakers on how the web search giant handled an alarming data breach and whether it may bend to Chinese government censorship demands. CEO Sundar Pichai’s appearance Tuesday before the House Judiciary Committee comes after he angered members of a Senate panel in September by declining their invitation…
[ad_1] “The screen is becoming the most important place in the world,” says InVision CEO and founder Clark Valberg. In fact, it’s hard to get through a conversation with him without hearing it. And, considering that his company has grown to $100 million in annual recurring revenue, he has reason to believe his own affirmation.…
[ad_1] FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States…
[ad_1] Dell just announced that it has agreed to buy back the VMware tracking stock from the EMC acquisition. The company confirmed the buy-back price of $23.9 billion. With today’s move, the company will likely go public. Sixty-one percent of shareholders voted in favor of the deal. It’s unclear how Wall Street will deal with the…
[ad_1] TOKYO (Reuters) – A Tokyo court on Tuesday rejected ousted Nissan Motor chairman Carlos Ghosn’s appeal to end his detention following his arrest last month on allegations of financial misconduct. 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…
[ad_1] Chatbots and other AI-based tools have firmly found footing in the world of customer service, used either to augment or completely replace the role of a human responding to questions and complaints, or (sometimes, annoyingly, at the same time as the previous two functions) sell more products to users. Today, an Israeli startup called…
[ad_1] (Reuters) – Automakers’ shares rose on Tuesday following a report that China could move to cut tariffs on American-made cars, a step which was forecast by U.S. President Donald Trump after a meeting with China’s president in Argentina. A worker inspects imported cars at a port in Qingdao, Shandong province, China May 23, 2018.…
[ad_1] (Reuters) – U.S. stock futures rose about 1 percent on Tuesday, as signs of progress in trade talks between the United States and China eased jitters over the fragile relations between the two economic giants that have roiled the markets for months. FILE PHOTO: Traders work on the floor of the New York Stock…
[ad_1] Shopping trolleys are seen at a Morrisons supermarket in London January 9, 2014. REUTERS/Stefan Wermuth LONDON (Reuters) – WM Morrisons (MRW.L) shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc (AMZN.O). They rose as much…
[ad_1] SEOUL (Reuters) – Hyundai Motor Group’s two vice chairmen in charge of research and development (R&D) have offered to resign, three people familiar with the matter told Reuters on Tuesday. FILE PHOTO: Yang Woong-chul, president of Hyundai Motor Group’s auto research & development division, speaks during an interview with Reuters at the Seoul Motor…
[ad_1] Auto theft is up six per cent across the country, according to a report released Tuesday by the Insurance Bureau of Canada (IBC). New Brunswick tops the lists with a 28 per cent increase, followed by Ontario with a 15 per cent increase, Quebec, up seven per cent, and Alberta, up six per cent — the highest per…
[ad_1] LONDON (Reuters) – Stocks rose tentatively on Tuesday as investors picked through the rubble of conflagrations in some of the world’s top economies amid uncertainty over Brexit, a China-U.S. trade war, and French protests. FILE PHOTO: Pound Sterling notes and change are seen inside a cash register in a coffee shop in Manchester, Britain,…
[ad_1] FRANKFURT (Reuters) – Daimler (DAIGn.DE) will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday. FILE PHOTO: The first fully electric Mercedes car EQC is seen at a presentation in Stockholm, Sweden…
[ad_1] VANCOUVER (Reuters) – A top executive at Chinese telecoms giant Huawei Technologies [HWT.UL] is set to return to a Vancouver courtroom on Tuesday, as the judge weighs final issues in determining whether she should be freed on bail while awaiting extradition proceedings. Huawei Chief Financial Officer Meng Wanzhou was arrested by Canadian authorities on…
[ad_1] Imagine making a purchase and being told it won’t be delivered but you still have to pay. Refuse to pay? Then you’ll be getting a call from debt collectors. That’s what’s happening to former Sears Canada customers now that the department store chain has gone out of business. They’re being forced to pay for extended…
[ad_1] FILE PHOTO: A logo is seen over the main entrance of the entertainment-to-telecoms conglomerate Vivendi’s headquarters in Paris April 8, 2015. REUTERS/Gonzalo Fuentes/File Photo PARIS (Reuters) – Vivendi (VIV.PA) is calling for a shareholders meeting to change the board at Telecom Italia (TLIT.MI) including five members proposed by activist fund Elliott, the French media…
[ad_1] An employee sits in front of the logo of Hyundai Motor Co. at its dealership in Seoul, South Korea, October 22, 2015. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Hyundai Motor Co (005380.KS) on Tuesday began South Korean sales of its Palisade large sport utility vehicle (SUV), a model it hopes will spearhead a sales recovery…
[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) – Carlos Ghosn, the ousted chairman of Nissan Motor, has filed a complaint…
[ad_1] SYDNEY (Reuters) – Chinese shares rose on Tuesday after Beijing confirmed it was still in trade talks with Washington, but investor confidence remained fragile in Asia after Britain’s prime minister postponed a Brexit vote, sending the pound to near 20-month lows. FILE PHOTO: Pound Sterling notes and change are seen inside a cash register…
[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) – Carlos Ghosn, the former chairman of Nissan Motor, has filed a complaint…
[ad_1] SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though overall sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. FILE PHOTO: Pound Sterling notes and change are seen inside…
[ad_1] (Reuters) – Wall Street ended Monday’s volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain’s exit from the European Union kept investors on edge about global growth. The energy index was the S&P’s biggest percentage loser as oil prices declined and financial stocks tumbled with the…
[ad_1] SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. FILE PHOTO: Pound Sterling notes and change are seen inside a…
[ad_1] Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 18, 2016. REUTERS/Brendan McDermid (Reuters) – Broker-dealers Citadel Securities, Natixis Securities Americas LLC and MUFG Securities Americas Inc agreed to pay total penalties of more than $6 million to settle charges…
[ad_1] SAN FRANCISCO (Reuters) – A Chinese court has ordered a ban on the sale of several older Apple Inc iPhone models in China for violating two patents of chipmaker Qualcomm Inc, although Apple said all of its phone models remained on sale in the mainland. The case, brought by Qualcomm, is part of a…
[ad_1] SAO PAULO/TOKYO (Reuters) – A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has emerged as the latest battleground between the indicted former Nissan Motor Co Ltd (7201.T) chairman and the automaker. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a news conference…
[ad_1] SAO PAULO/TOKYO (Reuters) – A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd (7201.T) chairman and the automaker. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a news conference to…
[ad_1] VANCOUVER (Reuters) – A Canadian provincial court weighing whether to grant bail to a top executive of Chinese telecoms giant Huawei Technologies [HWT.UL], who is facing possible extradition to the United States, adjourned on Monday without deciding her fate. Huawei CFO Meng Wanzhou (L), who was arrested on an extradition warrant, appears at her…
[ad_1] Huawei CFO Meng Wanzhou (L), who was arrested on an extradition warrant, appears at her B.C. Supreme Court bail hearing in a drawing in Vancouver, British Columbia, Canada December 10, 2018. REUTERS/Jane Wolsak BEIJING (Reuters) – Huawei believes the Canadian and U.S. legal systems will deliver a fair conclusion, the company said in a…
[ad_1] As China continues to threaten Canada with unnamed “consequences” if it doesn’t release the chief financial officer of Chinese telecommunications giant Huawei, some in Canada’s business community are openly worried about what’s coming next. “The options are essentially limitless and that’s what’s concerning about this,” Brian Kingston, vice president of policy for the Business…
[ad_1] A container ship waits to be unloaded at the Ningbo Zhoushan port in Zhejiang province, China November 14, 2018. REUTERS/Stringer SHANGHAI (Reuters) – China’s coastal province of Zhejiang, home to e-commerce giant Alibaba (BABA.N), has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, the state…
[ad_1] VANCOUVER (Reuters) – A Canadian provincial court on Monday weighed whether to grant bail to a top executive of one of the world’s biggest telecommunications companies, Huawei Technologies [HWT.UL], while she awaits a ruling on extradition to the United States. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations…
[ad_1] BlackBerry Inc. is making a play to integrate itself into smart cities and vehicles. The Waterloo, Ont.-based technology company announced Monday that it has built a new service to provide infrastructure for vehicles and traffic lights to exchange information securely. BlackBerry will waive the service fees for the product for automakers and public offices involved in smart city and…
[ad_1] Postal workers in Canada are delivering parcels seven days a week to ensure they will be in time for the holidays, says Canada Post’s largest union. Mike Palecek, national president of the Canadian Union of Postal Workers (CUPW), said in an email on Monday that union members are working every day of the week…
[ad_1] Canada’s main stock index fell on Monday after crude oil prices fell 3.4 per cent in New York, pressuring shares of energy companies. The West Texas Intermediate crude contract closed down $1.79 at $50.82 US, wiping out gains made last week because of a deal between OPEC and Russia to cut production. The Western…
[ad_1] Infrastructure Minister François-Philippe Champagne says national security must come first in deciding whether to allow Huawei Technologies to take part in developing Canada’s 5G telecommunications network. In an interview, Champagne said Canada needs to be prudent and rely on the input of its intelligence services before ruling on whether the Chinese firm should be…
[ad_1] WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. FILE PHOTO: The Wells Fargo name is shown on an office town in downtown…
[ad_1] The bail hearing for a top executive of China’s Huawei Technologies resumed in Vancouver on Monday, the next step in a case that has spooked international financial markets and threatened to damage the delicate trade relationship between the United States and China. Meng Wanzhou, Huawei’s chief financial officer and daughter of its founder, was arrested in Vancouver on suspicion of…
[ad_1] Canada Post is still warning it might not get holiday packages delivered on time, as the lingering effects of the recent rotating strikes continue to slow its system. The service’s spokesperson, Jon Hamilton, said on CBC Radio’s All In A Day that there are a lot of parcels waiting to be delivered. “We are…
[ad_1] Husky Energy said Monday it is “deeply sorry” for two back-to-back spills that sent a total of 250,000 litres of a oil, water and gas into the ocean last month, and said it is making changes to prevent it from happening again. The two spills occurred within an hour of each other on Nov.…
[ad_1] TORONTO/BEIJING (Reuters) – A top executive of Chinese tech giant Huawei Technologies returned to a Canadian court on Monday to fight for her freedom with the help of pressure from Beijing against prosecutors’ claims she cannot be trusted. Huawei [HWT.UL] Chief Financial Officer Meng Wanzhou, 46, was arrested by Canadian authorities on Dec. 1…
[ad_1] (Reuters) – The S&P 500 fell to an eight-month low on Monday as Apple Inc, as well as financial and healthcare sectors led losses on mounting worries over global growth, the U.S.-China trade war and uncertainty over Britain’s exit from the European Union. Traders work on the floor of the New York Stock Exchange…
[ad_1] API platform Kong, which you may remember under its previous name of Mashape, is launching its new Kong Cloud service today. Kong Cloud is the company’s fully managed platform for securing, connecting and orchestrating APIs. Enterprises can deploy it to virtually any major cloud platform, including AWS, Azure and Google Cloud, and Kong will…
[ad_1] SAO PAULO/TOKYO (Reuters) – A Rio de Janeiro apartment containing cash, art works and personal belongings of Carlos Ghosn has become the latest battleground between the indicted former Nissan Motor Co Ltd (7201.T) chairman and the automaker. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a news conference to…
[ad_1] Trello, the organizational tool owned by Atlassian, announced an acquisition of its very own this morning when it bought Butler for an undisclosed amount. What Butler brings to Trello is the power of automation, stringing together a bunch of commands to make something complex happen automatically. As Trello’s Michael Pryor pointed out in a…
[ad_1] The two largest ride-hailing companies appear set to go public, with both Uber and Lyft making confidential filings to the U.S. Securities Commission for initial public offerings of shares. Timing of the listings is uncertain, given the current turmoil in stock markets, but the filings made last week leave the door open for IPOs…
[ad_1] (Reuters) – Wall Street dropped on Monday, led by Apple Inc, financials and healthcare stocks, falling further after its biggest slide since March last week on worries over global growth, the China-U.S. trade war and uncertainty over the Brexit deal. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] The Canada Revenue Agency is using a new tool in its battle against tax evasion — one that experts say could radically change the way it pursues tax cheats. For the first time, the agency has used proceeds-of-crime provisions in the law to freeze the assets of individuals charged with tax evasion. Up to…
[ad_1] The union that represents 139 flight attendants at Flair Airlines has called off a strike that would have been set to begin early Monday morning after the airline threatened repercussions for anyone who walked off the job. The Canadian Union of Public Employees and the Edmonton-based airline have been negotiating a new contract for…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 7, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. equity futures moved modestly higher on Monday, bouncing off six-week lows from earlier, as the market tries to stage a comeback from its worst week since March on worries over…
[ad_1] FILE PHOTO: A man walks past a sign board of Huawei at CES (Consumer Electronics Show) Asia 2018 in Shanghai, China June 14, 2018. REUTERS/Aly Song/File Photo BEIJING (Reuters) – China’s foreign ministry on Monday said it had never heard of any country having a security problem with Huawei Technologies Co Ltd [HWT.UL], after…
[ad_1] (Reuters) – U.S. equity futures fell about 0.4 percent to six-week lows on Monday, as a global selloff continued on signs of cooling growth and worries that escalating tensions between the United States and China could scuttle their fragile trade truce. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] TORONTO/BEIJING (Reuters) – A top executive of Chinese tech giant Huawei Technologies is due back in a Canadian court on Monday where she’ll fight for her freedom with the help of pressure from Beijing against prosecutors’ claims she cannot be trusted. Huawei [HWT.UL] Chief Financial Officer Meng Wanzhou, 46, was arrested by Canadian authorities…
[ad_1] TOKYO (Reuters) – Japan’s big three telecom operators plan not to use current equipment and upcoming fifth-generation (5G) gear from China’s Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp (0763.HK) (000063.SZ), Kyodo News reported on Monday. FILE PHOTO – The logo of China’s ZTE Corp is seen on the building of ZTE Beijing research…
[ad_1] TOKYO (Reuters) – Tokyo prosecutors indicted ousted Nissan Motor (7201.T) chairman Carlos Ghosn for under-reporting his income and also officially charged the automaker, making the firm culpable for the financial misconduct scandal that has shocked the industry. Ghosn was arrested on Nov. 19 on suspicion of conspiring to understate his compensation by about half…
[ad_1] BEIJING (Reuters) – Chinese state media on Monday denounced the arrest of a top executive at tech giant Huawei HWT.UL, but did not link it to talks to resolve a trade dispute with the United States, an apparent effort not to undermine prospects for a deal. Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial…
[ad_1] (Reuters) – Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG’s Daniel O’Day as its new chief executive, tapping an industry veteran to fill a management vacuum. FILE PHOTO: Roche Pharmaceuticals CEO Daniel O’Day attends a news conference in Basel, Switzerland February 1, 2017. REUTERS/Ruben Sprich/File Photo O’Day, now head of Roche’s pharmaceuticals…
[ad_1] TOKYO (Reuters) – Japan’s big three telecom operators plan not to use current equipment and upcoming fifth-generation (5G) gear from China’s Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp (0763.HK) (000063.SZ), Kyodo News reported on Monday. FILE PHOTO – The logo of China’s ZTE Corp is seen on the building of ZTE Beijing research…
[ad_1] FILE PHOTO: A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, Oct. 2, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Hitachi Ltd (6501.T) shares rose as much as 2.9 percent on Monday after Japan’s TV Asahi reported the firm…
[ad_1] TOKYO (Reuters) – Tokyo prosecutors officially charged ousted Nissan Motor (7201.T) chairman Carlos Ghosn on Monday for under-reporting his income and extended his detention on suspicion of additional financial misconduct. The prosecutors also indicted Nissan for filing false financial statements, making the Japanese automaker culpable for the scandal that has shocked the auto industry.…
[ad_1] TORONTO (Reuters) – The CFO of Chinese telecom giant Huawei Technologies Co Ltd is set to be back in a Canadian courtroom on Monday, fighting for her freedom with the help of pressure from Beijing, while prosecutors argue she cannot be trusted. FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant…
[ad_1] FILE PHOTO: Roche Pharmaceuticals CEO Daniel O’Day attends a news conference in Basel, Switzerland February 1, 2017. REUTERS/Ruben Sprich/File Photo (Reuters) – Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG executive Daniel O’Day as its new chief executive, tapping an industry veteran to fill a management vacuum. Gilead said its board had…
[ad_1] TOKYO (Reuters) – SoftBank Corp (9434.T) priced its initial public offering (IPO) at 1,500 yen per share and will sell an extra 160 million shares to meet strong demand, a regulatory filing showed, raising 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO. FILE PHOTO – A pedestrian holding a mobile phone walks past…
[ad_1] TOKYO (Reuters) – Tokyo prosecutors indicted Nissan Motor (7201.T) along with its ousted Chairman Carlos Ghosn, domestic media reported on Monday, shifting the focus of the financial misconduct scandal to the Japanese automaker and its CEO’s responsibility. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event…
[ad_1] Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. REUTERS/Alexander Bibik TORONTO (Reuters) – A top executive of China’s Huawei Technologies Co Ltd [HWT.UL] argued that she should be let out on bail while awaiting…
[ad_1] HONG KONG (Reuters) – Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst performance among leading bourses, data show. FILE PHOTO: A sunset view of Hong Kong…
[ad_1] TOKYO (Reuters) – Tokyo prosecutors are due to indict ousted Nissan Motor (7201.T) Chairman Carlos Ghosn as well as the automaker itself on Monday, sources said, intensifying scrutiny of CEO Hiroto Saikawa’s role in the financial misconduct scandal. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion…
[ad_1] TOKYO (Reuters) – Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash chances of a trade deal. FILE PHOTO: Men look at stock quotation boards outside a brokerage in…
[ad_1] FILE PHOTO: Roche Pharmaceuticals CEO Daniel O’Day attends a news conference in Basel, Switzerland February 1, 2017. REUTERS/Ruben Sprich/File Photo (Reuters) – Drugmaker Gilead Sciences Inc will name Roche Holding AG executive Daniel O’Day as its new chief executive officer, according to a source familiar with the matter. The announcement of O’Day’s hiring could…
[ad_1] The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N) said on Monday it will increase its stake in Hong Kong-listed Alibaba Pictures (1060.HK) to 51 percent, taking control…
[ad_1] Scott Bissell says Air Canada is “trying to get away with paying the least amount of compensation possible,” after the airline lost his luggage on a trip to Florida and initially told him it wouldn’t pay him back for clothes or any other necessities while he waited for his bag. Under federal law, when…
[ad_1] FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, December 5, 2018. REUTERS/Issei Kato TOKYO (Reuters) – Stocks extended their slump in early Asian trade on Monday, with U.S. equity futures off to a softer start for the week as worries over U.S.-China trade tensions battered investor sentiment. S&P…
[ad_1] TORONTO/BEIJING (Reuters) – A top executive of China’s Huawei Technologies Co Ltd [HWT.UL] argued that she should be released on bail while awaiting an extradition hearing, citing fears for her health while incarcerated in Canada along with other factors, court documents showed on Sunday. FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese…
[ad_1] Meng Wanzhou, the arrested chief financial officer for tech giant Huawei, says she’s not a flight risk and has “longstanding ties” and “significant property holdings” in Vancouver, according to court documents. Meng Wanzhou’s bail hearing is set to resume Monday in Vancouver The Canadian Press · Posted: Dec 09, 2018 2:43 PM PT |…
[ad_1] Tired of waiting for major construction projects to come to them, a growing coalition of First Nations is instead taking the lead on ventures to better control their economic futures. “We really are in a place looking to diversify our economies,” said Jasmine Thomas, a councillor of the Saik’uz First Nation in central British…
[ad_1] The detention of an executive of Chinese electronics giant Huawei in Canada is already having repercussions in Canadian-Chinese trade relations. Bruce Ralston, British Columbia’s minister of jobs, trade and technology, on Sunday issued a statement saying the province has rescheduled the upcoming China meetings of B.C.’s current Forestry Asia Trade Mission. He said the China leg of the mission,…
[ad_1] FILE PHOTO: U.S. Trade Representative Robert Lighthizer speaks during a Cabinet meeting held by U.S. President Donald Trump at the White House in Washington, U.S., October 17, 2018. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer said on Sunday he considers March 1 “a hard deadline” to reach a deal on…
[ad_1] FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. Picture taken October 2, 2014. REUTERS/Alexander Bibik BEIJING (Reuters) – China’s foreign ministry called in the U.S. ambassador on Sunday to lodge a “strong…
[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. High-tech car theft on the rise If you have a wireless key fob for your car, you might actually be helping thieves. That’s according to an automotive security specialist who says thieves…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker’s emissions test cheating almost three months before U.S. authorities made it public in September 2015. FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany,…
[ad_1] Rapper 2 Milly’s lawsuit against the makers of the wildly popular video game Fortnite is raising questions about whether unique choreography can be copyrighted. The New York-based hip-hop artist, whose real name is Terrence Ferguson, is claiming Epic Games ripped off a signature dance move popularized in 2015 called “Milly Rock” and renamed it “Swipe it.” “If you…
[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/File Photo TOKYO (Reuters) – Nissan said it was seeking to block former chairman Carlos Ghosn’s access to an…
[ad_1] BEIJING/OTTAWA (Reuters) – China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, calling the case “extremely nasty”. FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment…
[ad_1] The B.C. Oil and Gas Commission has shut down oilfield fracking operations for at least 30 days in northeastern British Columbia while it investigates earthquakes that occurred there on Nov. 29. The regulator says the seismic events, which measured between 3.4 and 4.5 magnitude, took place near hydraulic fracturing operations being conducted about 20 kilometres southeast of Fort…
[ad_1] Shoppers Drug Mart has been granted a licence to sell medical marijuana online. Health Canada’s list of authorized cannabis sellers and producers has been updated to reflect that the pharmacy can sell dried and fresh cannabis, as well as plants, seeds and oil. A website has been set up by the company, which says…
[ad_1] (Reuters) – Brazilian builder Odebrecht’s Peruvian unit has signed a deal with Peruvian authorities to pay a multimillion dollar fine that will allow it to continue operating in the country in return for providing evidence about officials it bribed, three sources related to the matter told Reuters on Saturday. FILE PHOTO: The corporate logo…
[ad_1] POCATELLO, Idaho (Reuters) – When Sean Luangrath joined Pocatello, Idaho-based Inergy Solar a few years ago, the plan was to move the portable solar battery maker to his home base of Salt Lake City so he could build it with easy access to Silicon Slopes’ tech talent and venture capital. Sean Luangrath, CEO Inergy…
[ad_1] When the hell did building a house become so complicated? Don’t let the folks on HGTV fool you. The process of building a home nowadays is incredibly painful. Just applying for the necessary permits can be a soul-crushing undertaking that’ll have you running around the city, filling out useless forms, and waiting in motionless…
[ad_1] NEW YORK (Reuters) – With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5 percent. FILE PHOTO: Traders work on the floor…
[ad_1] ZURICH (Reuters) – Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to Spain’s Banco Santander (SAN.MC) as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters. FILE PHOTO: Logo of Swiss private bank Julius Baer is seen at an office building…
[ad_1] China’s foreign ministry called on Canada to immediately release Huawei Technologies Co. Ltd.’s chief financial officer on Saturday, warning that otherwise it would face consequences. The ministry said in a statement that Vice Foreign Minister Le Yucheng had issued the warning to Canada’s ambassador in Beijing, summoning John McCallum to lodge a “strong protest.” Meng Wanzhou, Huawei’s global chief…
[ad_1] China’s foreign ministry called on Canada to immediately release Huawei Technologies Co. Ltd.’s chief financial officer on Saturday, warning that otherwise it would face consequences. The ministry said in a statement that Vice Foreign Minister Le Yucheng had issued the warning to Canada’s ambassador in Beijing, summoning John McCallum to lodge a “strong protest.” Meng Wanzhou, Huawei’s global chief…
[ad_1] BEIJING (Reuters) – China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, calling the case “extremely nasty”. FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment…
[ad_1] FILE PHOTO: A BMW logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader FRANKFURT (Reuters) – Germany luxury carmaker BMW (BMWG.DE) said on Saturday Alejandro Vukotich will be the new head of its driver assistance and autonomous driving development department from January 2019. Vukotich will replace Elmar Frickenstein,…
[ad_1] BEIJING (Reuters) – China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country’s growth rate from slipping too much. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly…
[ad_1] White House trade advisor Peter Navarro looks on as U.S. President Donald Trump participates in a roundtable discussion about trade in Duluth, Minnesota, U.S. June 20, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – White House trade adviser Peter Navarro on Friday said that the U.S. -China trade truce and the recent arrest of a top…
[ad_1] Tom Eburne and his wife, Peggy, are self-checkout virgins. They refuse to use the machines, determined to keep cashiers employed. “We will resist as long as we can,” said Tom Eburne, who lives in Chilliwack, B.C. “I think any job loss is a step backwards.” A new Dalhousie University grocery shopping study found that out…
[ad_1] Russian Foreign Minister Sergei Lavrov arrives for a news conference on the sidelines of the Organization for Security and Co-operation in Europe (OSCE) summit in Milan, Italy, December 7, 2018. REUTERS/Alessandro Garofalo MILAN (Reuters) – Russian Foreign Minister Sergei Lavrov said on Friday that the detention of Chinese technology giant Huawei’s HWT.UL chief financial…
[ad_1] BRUSSELS (Reuters) – The European Union should be worried about Huawei [HWT.UL] and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology chief said on Friday, echoing concerns raised elsewhere in the world. European Commission Vice-President Andrus Ansip attends the GovTech Summit at Paris…
[ad_1] FILE PHOTO – Visitors walk past Huawei’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo BRUSSELS (Reuters) – Chinese tech giant Huawei [HWT.UL] denied on Friday that it posed a security risk, saying that it had never been told by any government to obtain covert access through so-called…
[ad_1] FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015. REUTERS/Lucas Jackson/File Photo INDIANAPOLIS (Reuters) – Recent market developments and an expected Federal Reserve interest rate increase means there is a “real risk” of the yield curve inverting this month, St. Louis…
[ad_1] FILE PHOTO – St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su INDIANAPOLIS (Reuters) – U.S. monetary policy is at a “turning point,” St. Louis Federal Reserve bank president James Bullard said on Friday, as the Fed balances the behavior of inflation, the…
[ad_1] WASHINGTON/INDIANAPOLIS (Reuters) – The U.S. central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the “near term” but nodded to increasingly less certainty ahead. FILE PHOTO: The seal for the Board of Governors of the Federal Reserve System is displayed in…
[ad_1] NEW YORK (Reuters) – Concerns over China-U.S. trade tensions gave European shares their worst week of losses in two months and sank U.S. stocks on Friday, overshadowing the lift from higher oil prices and jobs data. While Europe was higher on the day with a small recovery after three sessions of heavy losses, the…
[ad_1] NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. FILE PHOTO: The Uber application is seen on…
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travelers, according to public records and a person familiar with the strategy. The move underscores how a company that started as an online bookseller is making forays into brick-and-mortar…
[ad_1] VANCOUVER/LONDON (Reuters) – Huawei Technologies Co Ltd’s chief financial officer faces U.S. accusations that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition. The case against Meng Wanzhou, who is…
[ad_1] FILE PHOTO – Visitors walk past Huawei’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo (Reuters) – A New York court issued an arrest warrant for Huawei Technologies’ chief financial officer Meng Wanzhou on Aug. 22, asking she be detained to stand trial to face U.S. charges, according…
[ad_1] FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay/File Photo (Reuters) – Ride-hailing company Uber Technologies Inc filed paperwork confidentially this week for an initial public offering next year, three people familiar with the matter said on Friday, setting the stage for what would…
[ad_1] FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay/File Photo (Reuters) – Uber Technologies Inc filed paperwork confidentially this week for its initial public offering next year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Uber’s confidential filing indicates…
[ad_1] Huawei CFO Meng Wanzhou (L), who was arrested on an extradition warrant, appears at her B.C. Supreme Court bail hearing in a drawing in Vancouver, British Columbia, Canada December 7, 2018. REUTERS/Jane Wolsak MANDATORY CREDIT. NO ARCHIVES. NO RESALES. VANCOUVER (Reuters) – A bail hearing for the chief financial officer of China’s Huawei Technologies…
[ad_1] VANCOUVER/LONDON (Reuters) – Huawei Technologies Co Ltd’s chief financial officer faces U.S. accusations that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition. After nearly six hours of arguments and…
[ad_1] PARIS (Reuters) – Airbus (AIR.PA) has left itself a slightly less challenging task on deliveries for the final weeks of the year than 2017’s record surge in December, but only after trimming the target with its most recent results, company data showed on Friday. An Airbus A330neo is pictured on its final assembly line…
[ad_1] VANCOUVER/LONDON (Reuters) – Huawei Technologies Co Ltd’s chief financial officer faces U.S. accusations that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition. The case against Meng Wanzhou, who is…
[ad_1] A picture illustration shows a Facebook logo reflected in a person’s eye, in Zenica, March 13, 2015. REUTERS/Dado Ruvic (Reuters) – Facebook Inc (FB.O) will buy back an additional $9 billion of its shares, as it looks to pacify investors following a slump in its stock. The social media giant’s shares, which have tumbled…
[ad_1] (Reuters) – Wall Street’s main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over U.S.-China trade tensions and interest rates convulsed Wall Street. The S&P 500 erased virtually all of…
[ad_1] The Slack app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration (Reuters) – Slack Technologies Inc, a provider of chat and direct messaging services for businesses, has hired investment bank Goldman Sachs Group Inc (GS.N) to lead its initial public offering (IPO) next year as an…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 7, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stocks tumbled on Friday in a broad sell-off led by declines in big internet and technology shares, and the benchmark S&P 500 index posted its biggest weekly percentage…
[ad_1] Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales. Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date. Aurora’s chief executive Terry Booth says the exclusive…
[ad_1] Meng Wanzhou — the chief financial officer for the Chinese tech giant Huawei — is wanted in the U.S. on allegations of fraud, a bail hearing has been told. Crown counsel said Friday that Meng, 46, is accused of using an unofficial subsidiary called Skycom to evade U.S. sanctions on Iran from 2009 to 2014.…
[ad_1] Canadian National Railway has submitted a bid to buy Atlantic Canada’s largest container terminal. The company says if successful, it will spend money to upgrade the Halterm container terminal in Halifax. “As part of our action-oriented approach to grow trade volume on our Eastern Network, CN is exploring the opportunity with a partner of getting…
[ad_1] A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can’t afford to wait and see if production cuts imposed by the Alberta government starting Jan. 1 will work…
[ad_1] (Reuters) – Wall Street fell more than 1 percent on Friday, with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report. Traders work on the floor of…
[ad_1] NEW YORK (Reuters) – Stock markets around the world were mixed, with U.S. shares retreating on Friday amid continuing concerns over U.S.-China trade ties, while pledges by key oil producers to trim output boosted oil prices. Oil prices surged 4 percent after big Middle East producers in OPEC agreed to reduce output to drain…
[ad_1] FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo COPENHAGEN (Reuters) – Danske Bank’s board of directors on Friday elected top shareholder A. P. Moller Holding’s candidate, Karsten Dybvad, as its new chairman. Dybvad had been elected to the board at an extraordinary general meeting…
[ad_1] Pivotal has always been about making open source tools for enterprise developers, but surprisingly up until now the arsenal has lacked a serverless component. That changed today with the alpha launch of Pivotal Function Service. “Pivotal Function Service is a Kubernetes-based, multi-cloud function service. It’s part of the broader Pivotal vision of offering you…
[ad_1] Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. Following a morning meeting of the Organization of the Petroleum Exporting Countries, Iraq Oil Minister Thamir Ghadhban told reporters the proposed cut would be made up of 800,000…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic and trade advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies. FILE PHOTO: U.S. President Donald Trump at the G20 leaders summit…
[ad_1] IBM announced last night that it is selling the final components from its 1995 acquisition of Lotus to Indian firm HCL for $1.8 billion. IBM paid $3.5 billion for Lotus back in the day. The big pieces here are Lotus Notes, Domino and Portal. These were a big part of IBM’s enterprise business for a…
[ad_1] VIENNA (Reuters) – OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude. The producer club will curb output by 0.8 million barrels per day from January while non-OPEC allies contribute an…
[ad_1] One of the world’s biggest tobacco companies is diving into the cannabis market with a $2.4 billion buy-in. Marlboro maker Altria Group Inc. is taking a 45 per cent stake in Cronos Group, the Canadian medical and recreational marijuana provider said Friday. Altria will pay another $1.4 billion for warrants that if exercised, would…
[ad_1] A blast of 94,100 new jobs last month has knocked the country’s unemployment rate down to 5.6 per cent — its lowest level since Statistics Canada started measuring comparable data more than 40 years ago. The overall number marked the labour force survey’s largest monthly increase since March 2012, when there was a gain…
[ad_1] (Reuters) – U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019. KEY POINTS: * Total payrolls rose 155,000 vs 200,000 estimate and downwardly revised 237,000 prior (original 250,000)* Private…
[ad_1] WASHINGTON (Reuters) – U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019. FILE PHOTO – Job seekers line up at a job fair of an oil services giant Halliburton…
[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/File Photo TOKYO (Reuters) – Former Nissan Motor Co Ltd chairman Carlos Ghosn signed documents for the Japanese automaker…
[ad_1] 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 Friday Chinese tech giant Huawei [HWT.UL] was welcome in France, though the government could block certain investments. “It’s…
[ad_1] HONG KONG/SHANGHAI (Reuters) – At a closed-door security meeting of U.S. companies in Singapore on Thursday, one topic was high on the agenda: the arrest of a top executive at Chinese tech giant Huawei [HWT.UL] and the potential backlash on American firms operating in China. The Huawei logo is pictured outside their research facility…
[ad_1] VANCOUVER/TORONTO (Reuters) – A top executive of China’s Huawei Technologies Co Ltd who is under arrest in Canada is set to appear in a Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States. Huawei CFO Meng Wanzhou, 46, who is also the daughter of the company…
[ad_1] European Commission Vice-President Andrus Ansip attends the GovTech Summit at Paris city hall, France, November 12, 2018. REUTES/Charles Platiau BRUSSELS (Reuters) – The European Union should be “worried” about Huawei and other Chinese technology companies because of the risk they pose to the bloc’s industry and its security, the EU tech commissioner said on…
[ad_1] VIENNA (Reuters) – Iran appeared on Friday to be the main obstacle for an OPEC deal to cut oil production as the group’s leader Saudi Arabia had yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said. Iran’s Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in…
[ad_1] VIENNA (Reuters) – Iran appeared on Friday to be the main obstacle for an OPEC deal to cut oil production as the group’s leader Saudi Arabia had yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said. Iran’s Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in…
[ad_1] The arrest of Huawei’s chief financial officer is just the latest controversy to hit the tech giant which has been accused of conducting espionage activities for the Chinese government. “We don’t know to what extent they might be considered an arms length business and to what extent they might be simply an arm of the Chinese…
[ad_1] BEIJING/SINGAPORE (Reuters) – China’s Iranian oil imports are set to rebound in December after two state-owned refiners in the world’s largest oil importer began using the nation’s waiver from U.S. sanctions on Iran, according to industry sources and data on Refinitiv Eikon. Oil and gas tanks are seen at an oil warehouse at a…
[ad_1] FILE PHOTO – Visitors walk past Huawei’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo BEIJING (Reuters) – China’s Foreign Ministry said on Friday that it was seriously concerned over reports that Japan plans to ban government purchases of equipment from China’s Huawei Technologies Co Ltd and ZTE…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Friday, pulled down by OPEC’s move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd). A pumpjack is seen at sunset outside…
[ad_1] VANCOUVER/TORONTO (Reuters) – A top executive of China’s Huawei Technologies Co Ltd who is under arrest in Canada is set to appear in a Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States. A man walks by a Huawei logo at a shopping mall in Shanghai,…
[ad_1] NEW YORK (Reuters) – Utilities are shutting down at least 18 of General Electric Co’s (GE.N) newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and industry experts. FILE PHOTO – A worker talks on his phone at the site of…
[ad_1] WASHINGTON (Reuters) – The Trump administration, which has had strained relations with technology companies, met on Thursday with top tech executives to discuss ways to “ensure American dominance” of innovation and the future of high tech jobs. FILE PHOTO – U.S. President Donald Trump participates in an American Technology Council roundtable, accompanied by Tim…
[ad_1] (Reuters) – Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) plans to build Jeep Grand Cherokee SUVs in a mothballed Detroit plant in 2020, four people familiar with the plans told Reuters on Thursday. A car with the Jeep logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January…
[ad_1] TOKYO (Reuters) – Tokyo prosecutors plan to indict former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily reported, ratcheting up their case against the auto tycoon. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on…
[ad_1] SYDNEY (Reuters) – Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be “one-and-done” with U.S. rate hikes, while oil fell anew as producers bickered over the details of an output cut. A digital board displays stock information at a brokerage office in Beijing, China, December…
[ad_1] WASHINGTON/OTTAWA (Reuters) – President Donald Trump did not know about plans to arrest a top executive at Chinese telecoms giant Huawei in Canada, two U.S. officials said on Thursday, in an apparent attempt to stop the incident from impeding crucial trade talks with Beijing. The Huawei logo is pictured outside their research facility in…
[ad_1] WASHINGTON (Reuters) – Chinese telecoms giant Huawei Technologies Co Ltd’s chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe. A woman walks by a Huawei logo at a shopping…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Friday, pulled down by OPEC’s decision to delay a final decision on output cuts, awaiting support from non-OPEC heavyweight Russia. A pumpjack is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann International Brent crude oil futures LCOc1 fell below $60 per barrel…
[ad_1] (Reuters) – The arrest in Canada of a top Chinese technology executive for possible extradition to the United States has roiled markets and cast doubt on a recent U.S.-China trade truce. FILE PHOTO – Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum…
[ad_1] A junior procurement official named in the criminal case against the military’s former second-in-command has been suspended from his federal government position, a House of Commons committee has been told. Matthew Matchett was identified in court documents filed by the lawyers defending Vice-Admiral Mark Norman, who has been charged with a single count of breach…
[ad_1] (Reuters) – Broadcom Inc (AVGO.O) on Thursday reported quarterly revenue and profit above analysts’ estimates, driven by strong demand for its enterprise storage and networking products from data centers, sending its shares up 5 percent in extended trading. A sign to the campus offices of chip maker Broadcom Ltd, is shown in Irvine, California,…
[ad_1] WASHINGTON (Reuters) – The Trump administration, which has had strained relations with technology companies, met on Thursday with top tech executives to discuss ways to “ensure American dominance” of innovation and the future of high tech jobs. FILE PHOTO – U.S. President Donald Trump participates in an American Technology Council roundtable, accompanied by Tim…
[ad_1] A Tesla sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song (Reuters) – Tesla Inc will pay a 50-50 mix of stock and cash to holders of its bonds due in March, if they elect to convert the…
[ad_1] Fiat Chrysler will open another assembly plant in the Detroit area, according to a person familiar with the automaker’s plan. The source says the plant will produce SUVs but did not specify when the plant will open, or how many jobs it will create. Fiat Chrysler did not immediately respond to an emailed request…
[ad_1] BRASILIA (Reuters) – A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between planemakers Boeing Co (BA.N) and Embraer SA (EMBR3.SA), according to a court document seen by Reuters. The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at…
[ad_1] (Reuters) – Sears Holdings Corp (SHLDQ.PK) Chairman Eddie Lampert’s ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good. FILE PHOTO: The Sears logo is seen outside a store…
[ad_1] VANCOUVER/BEIJING (Reuters) – The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, stirring up fears it could reignite a Sino-U.S. trade row and roiling global stock markets. The arrest of Meng Wanzhou, 46, who is Huawei Technologies Co Ltd’s…
[ad_1] Marijuana producer Aphria Inc., says its board of directors has appointed a special committee of independent directors to review the company’s acquisition of LATAM Holdings Inc., which has been criticized by short-sellers. The company says it remains confident in the deal, but in the face of what it called “inaccurate and misleading accusations” by…
[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. REUTERS/Paulo Whitaker BRASILIA (Reuters) – A federal court in Sao Paulo issued a decision on Thursday blocking the proposed tie-up between planemakers Boeing Co…
[ad_1] Stocks are plunging again as the arrest of a senior Chinese technology executive threatened to worsen trade tensions between Beijing and Washington. A steep drop in Boeing, which would suffer in an extended trade battle, helped drag the Dow Jones Industrial Average down more than 600 points Thursday morning, rebounding slightly in the early…
[ad_1] Trevor Stein’s company spent nearly a year wiring new apartment complexes in Saskatoon’s Stonebridge neighbourhood. After Stein invoiced the owner, Block 1, for more than a million dollars for wages and materials, he learned the British Columbia real estate company was seeking creditor protection. The company never did pay him or a number of other…
[ad_1] Contentful, a Berlin- and San Francisco-based startup that provides content management infrastructure for companies like Spotify, Nike, Lyft and others, today announced that it has raised a $33.5 million Series D funding round led by Sapphire Ventures, with participation from OMERS Ventures and Salesforce Ventures, as well as existing investors General Catalyst, Benchmark, Balderton Capital and Hercules.…
[ad_1] OPEC countries were gathered Thursday to find a way to stop the fall in the price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production by at least one million barrels per day. Crude prices have been falling since October because major producers — including the U.S.…
[ad_1] Dollarama Inc. says it earned $133.5 million in its latest quarter, up from $130.1 million a year ago. The retailer says the profit amounted to 41 cents per diluted share for the company’s third quarter, up from 38 cents per share in the same quarter last year. Analysts on average had expected a profit…
[ad_1] Cyber criminals are shifting their attention from traditional computers to internet-connected devices in Canadian homes, says the government’s cyber security agency. In its cyber threat assessment for 2018, the newly created Canadian Centre for Cyber Security says the growing number of devices connected to the internet like “televisions, home appliances, thermostats and cars” have…
[ad_1] The negative impacts of low oil prices that have struck Western Canada will reverberate across the entire national economy, the head of the Bank of Canada said Thursday. But governor Stephen Poloz estimates the latest drop in crude prices will likely have less bite across the country than the 2015 oil-price crisis, which contributed…
[ad_1] LONDON (Reuters) – Oil fell in choppy trading on Thursday after OPEC ended a key meeting having made no decision on crude output, as it prepared to debate the matter with other exporters the next day. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna,…
[ad_1] VIENNA (Reuters) – OPEC tentatively agreed an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said. Russian Energy Minister Alexander Novak flew home from Vienna earlier for talks with…
[ad_1] LONDON (Reuters) – Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers. The arrest of Huawei’s chief financial officer, Meng Wanzhouof, who…
[ad_1] Looker has been helping customers visualize and understand their data for seven years now and today it got a big reward, a $103 million Series E investment on a $1.6 billion valuation. The round was led by Premji Invest with new investment from Cross Creek Advisors and participation from the company’s existing investors. With…
[ad_1] (Reuters) – U.S. stocks were set to tumble on Thursday as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure. A trader works on the floor at the New York…
[ad_1] LONDON (Reuters) – Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stock markets. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters…
[ad_1] An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. Picture taken September 21, 2017. REUTERS/Chris Helgren (Reuters) – Ride-hailing company Lyft Inc on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its…
[ad_1] NEW YORK (Reuters) – Facebook Inc’s (FB.O) losses are becoming other companies’ gains. A 3D-printed Facebook logo is seen in front of a displayed stock graph in this illustration taken November 3, 2016. REUTERS/Dado Ruvic/Illustration TPX IMAGES OF THE DAY Concerns about the social media giant’s declining profit margins and battered reputation have prompted…
[ad_1] LONDON (Reuters) – Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stocks. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna,…
[ad_1] WASHINGTON (Reuters) – The Federal Reserve has rejected Wells Fargo & Co’s (WFC.N) plans to prevent further consumer abuses and told the scandal-plagued lender it needs stronger checks on management, according to three people with knowledge of the discussions. A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie…
[ad_1] SYDNEY (Reuters) – Australia’s parliament on Thursday passed a bill to force tech firms such as Alphabet Inc’s Google (GOOGL.O), Facebook FB.N and Apple (AAPL.O) to give police access to encrypted data, the most far-reaching such requirements imposed by a western country. A 3D printed Apple logo is seen in front of a displayed…
[ad_1] LeanIX, the Software-as-a-Service for ‘Enterprise Architecture Management’, has closed $30 million in Series C funding. The round is led by Insight Venture Partners, with participation from previous investors Deutsche Telekom Capital Partners (DTCP), Capnamic Ventures, and Iris Capital. It brings LeanIX’s total funding to nearly $40 million since the German company was founded in…
[ad_1] Canadian Natural Resources is doubling down on its concerns about wasted space on Canada’s biggest oil pipeline, blaming a “dysfunctional” process as one reason for slashing its spending plans next year. It follows complaints the company’s executive vice chairman Steve Laut made last month, saying current rules allow “certain players” to exploit the system by booking…
[ad_1] A Chinese government spokesperson says Beijing will “immediately implement” terms of a tariff cease-fire with Washington and is “full of confidence” a trade agreement can be reached within 90 days. The Commerce Ministry spokesperson, Gao Feng, said Thursday that talks will start by focusing on trade in farm goods, energy and automobiles. Asked to confirm…
[ad_1] VIENNA (Reuters) – OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered oil prices. The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at…
[ad_1] The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger VIENNA (Reuters) – OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said on Thursday as the group gathered…
[ad_1] VANCOUVER/WASHINGTON (Reuters) – The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States, dealing a blow to hopes of an easing of Sino-U.S. trade tensions and rocking global stock markets. The shock arrest of Meng Wanzhou, who is also Huawei Technologies Co Ltd’s…
[ad_1] FILE PHOTO – A woman using a mobile phone walks past the logo of SoftBank Corp in Tokyo May 11, 2015. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – SoftBank Group Corp’s mobile phone services were disrupted in some parts of Japan on Thursday, ahead of an initial public offering (IPO) of its domestic telecoms unit…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Thursday as stock markets slid, but trading was tepid in the countdown to an OPEC-meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October. The logo of the Organisation of the Petroleum Exporting Countries…
[ad_1] VANCOUVER/WASHINGTON (Reuters) – The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States, dealing a blow to hopes of any easing of Sino-U.S. trade tensions and rocking global stock markets. The shock arrest of Meng Wanzhou, who is also Huawei Technologies Co Ltd’s…
[ad_1] NEW YORK (Reuters) – U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time they are already weighing when the long economic expansion will end. FILE PHOTO: A pump jack lifts oil out of…
[ad_1] (Reuters) – Uber Technologies Inc’s UBER.UL is plotting the return of its self-driving cars, but the company known for its hard-charging style is taking a much more conservative approach as it tries to recover from a fatal accident that upended its autonomous vehicle program. FILE PHOTO: Uber’s logo is displayed on a mobile phone…
[ad_1] VANCOUVER/WASHINGTON (Reuters) – Canada has arrested Chinese telecoms giant Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada’s Department of Justice said on Wednesday. The arrest is related to violations of U.S. sanctions, a person familiar with the matter said. Reuters was unable to determine the…
[ad_1] TOKYO (Reuters) – U.S. stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, fanning fears of a fresh flareup in tensions between the two superpowers. FILE PHOTO: Traders work on the floor at the New York Stock…
[ad_1] FILE PHOTO: Nissan logo is seen at Nissan Motor Co’s global headquarters building in Yokohama, Japan November 22, 2018. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Nissan Motor Co (7201.T) has found more cases of improper testing of vehicles in Japan and is considering recalling affected cars, the Nikkei reported on Thursday. Nissan has already…
[ad_1] New Tim Hortons coffee lids were supposed to reduce that pesky leakage problem, but some customers claim they’ve actually made it worse. Meanwhile, the company insists most customers have given the lids a solid thumbs-up. The restaurant chain started testing a revised design — a raised lid with a maple leaf insignia — in six locations in August following complaints…
[ad_1] SINGAPORE (Reuters) – Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October. The logo of the…
[ad_1] The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger SINGAPORE (Reuters) – Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at…
[ad_1] WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan. General Motors (GM) Chairman and…
[ad_1] Canadian officials have arrested Wanzhou Meng, the chief financial officer and deputy chairwoman of the board for the Chinese tech giant Huawei, CBC News has confirmed. According to a statement from the Department of Justice, Meng was arrested in Vancouver on Saturday and is being sought for extradition by the United States. A bail…
[ad_1] Washington state regulators say they have denied Hydro One Ltd.’s proposed takeover of Avista Corp., citing political interference in the Ontario utility by the Doug Ford government. The Washington Utilities and Transportation Commission says it found the deal, which valued Avista at $6.7 billion, to not be in the public interest after it became…
[ad_1] FILE PHOTO: Journalists follow the presentation of a Huawei smartphone ahead of the IFA Electronics show in Berlin, Germany, September 2, 2015. REUTERS/Hannibal Hanschke/File Photo WASHINGTON (Reuters) – Canada has arrested Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States on suspicion she violated U.S. sanctions against…
[ad_1] (Reuters) – Private equity firm Blackstone Group LP (BX.N) is readying an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services that could be valued at more than $7 billion, including debt, according to people familiar with the matter. FILE PHOTO: Stephen Schwarzman, Chairman, CEO and…
[ad_1] (Reuters) – Yum Brands Inc (YUM.N) on Wednesday forecast same-store sales growth of 2 percent to 3 percent for fiscal 2019 and said it would reduce Pizza Hut’s dine-in operations as it sharpens its focus on delivery. FILE PHOTO: A customer walks out of a KFC restaurant in Shanghai, China, October 9, 2015. REUTERS…
[ad_1] Canadian outdoor retailer Mountain Equipment Co-op (MEC) is trying to tap into the hearts and wallets of the transgender community, which is often neglected by mainstream advertising and marketing. It’s a smart move to bring in more customers but it could backfire if the campaign seems inauthentic, marketing experts say. “It’s a positive step…
[ad_1] The federal privacy watchdog is warning the Liberal government that it must not trade privacy rights for commercial gain as it strives to position Canada as a global leader in the digital, data-driven economy. In a letter to Innovation Minister Navdeep Bains, Privacy Commissioner Daniel Therrien said the digital revolution is sparking debate on some of “the most fundamental questions…
[ad_1] FILE PHOTO: A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange, October 16, 2012. REUTERS/Brendan McDermid/File Photo (Reuters) – Citigroup Inc (C.N) chief financial officer John Gerspach said the bank expects market revenue in the current quarter to be slightly lower from last year. Gerspach,…
[ad_1] RIO DE JANEIRO/SAO PAULO (Reuters) – Leading global oil traders Vitol [VITOLV.UL], Trafigura [TRAFGF.UL] and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors said on Wednesday. Brazil’s state-run Petrobras oil company headquarters is pictured in Rio de…
[ad_1] NEW YORK (Reuters) – Global stocks fell on Wednesday, plagued by a flattening yield curve that sparked concerns about a economic slowdown in the United States and weakening expectations of a lasting U.S.-China trade truce, while the dollar steadied. U.S. markets were closed to mark former President George H.W. Bush’s death, but the effect…
[ad_1] Workers clean the facade of a car showroom under a Volkswagen logo on the Chinese National Day in Beijing, China October 1, 2018. Picture taken October 1, 2018. REUTERS/Stringer FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) core brand will seek cost and efficiency gains of almost 6 billion euros ($6.8 bln) in an effort to raise…
[ad_1] Workato, a startup that offers an integration and automation platform for businesses that competes with the likes of MuleSoft, SnapLogic and Microsoft’s Logic Apps, today announced that it has raised a $25 million Series B funding round from Battery Ventures, Storm Ventures, ServiceNow and Workday Ventures. Combined with its previous rounds, the company has now received…
[ad_1] NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) may need to boost its legal reserves by as much as $1 billion to prepare for potential penalties related to its dealings with the Malaysian sovereign wealth fund 1MDB, analysts said. FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney,…
[ad_1] Oilsands producer Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its “normalized” range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. The Calgary-based company says it is targeting a 2019 base capital program of $3.7 billion, about 20 per cent below…
[ad_1] Shares in battered Canadian cannabis company Aphria seesawed Wednesday after the company that sold them assets a short seller says are worthless defended the transaction. The stock has been in free fall ever since a prominent short seller said on Monday that the company’s recent series of acquisitions in Latin America and the Caribbean are…
[ad_1] National Bank of Canada hiked its dividend as it reported fourth-quarter net income of $566 million, up eight per cent from the previous year, as each of its three main business units improved earnings. The Montreal-based bank’s profit during the three months ended Oct. 31 amounted to $1.52 per share on a diluted basis…
[ad_1] Roots Corp. has lowered its sales and earnings estimates from targets set when the company went public in October 2017 after sales fell “well below” its own expectations in the third quarter. The clothing company’s total sales for the three months ended Nov. 3 were $87 million, down three per cent from $89.7 million…
[ad_1] Camunda, a Berlin-based company that builds open source workflow automation software, announced a €25 million (approximately $28 million) investment from Highland Europe today. This is the company’s first investment in its 10-year history. CEO and co-founder Jakob Freund says the company has been profitable since Day One, but decided to bring in outside capital…
[ad_1] The Bank of Canada has decided to keep its benchmark interest rate right where it is while it digests the impact of its previous policy decisions and the cooling economy. The central bank revealed Wednesday it will keep its benchmark interest rate — known as the target for the overnight rate — at 1.75 per…
[ad_1] SHANGHAI (Reuters) – China expressed confidence on Wednesday that it can reach a trade deal with the United States, a sentiment echoed by U.S. President Donald Trump a day after he warned of more tariffs if the two sides could not resolve their differences. The remarks, by the Chinese Commerce Ministry, follow a period…
[ad_1] (Reuters) – Pharmacy chain and benefits manager CVS Health Corp on Wednesday said as of Jan. 1 it will offer a new prescription benefit option guaranteeing its health plan clients 100 percent of any rebates, discounts or other fees paid by drugmakers. FILE PHOTO: Shoppers walk outside a CVS store and pharmacy in Medford,…
[ad_1] When it comes to how humans communicate with each other or with machines, voice is a major interface, with growth in the latter fuelled by the rise of artificial intelligence, faster computing technology and an explosion of new devices — some of which only, or primarily, work with voice commands. But the supreme reign of voice…
[ad_1] FILE PHOTO: U.S. President Donald Trump at the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Luisa Gonzalez/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday said he believed Chinese President Xi Jinping was being sincere at their meeting on trade and that Beijing had been sending “strong signals” since…
[ad_1] Salesforce has been talking about the Internet of Things for some time as a way to empower field service workers. Today, the company announced Field Service Lightning, a new component designed to deliver automated IoT data to service technicians in the field on their mobile devices. Once you connect sensors in the field to…
[ad_1] RIO de Janeiro (Reuters) – Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes to employees at state-owned oil company Petroleo Brasileiro SA in return for business. The logo of Brazil’s state-run oil company Petrobras is pictured in the company headquarters in Sao Paulo, Brazil…
[ad_1] LONDON (Reuters) – Global stocks tumbled to one-week lows on Wednesday, as declines by long-dated U.S. bond yields and a renewal of trade concerns stoked fears of a downturn in the United States, the world’s largest economy. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November…
[ad_1] FILE PHOTO: Former Volkswagen head and former CEO of German luxury carmaker BMW, Bernd Pischetsrieder arrives at a courtroom in Munich before the start of his trial October 24, 2011. Pischetsrieder is accused of tax evasion. REUTERS/Michael Dalder FRANKFURT (Reuters) – The Alfried Krupp von Bohlen and Halbach Foundation, Thyssenkrupp’s (TKAG.DE) top shareholder, has…
[ad_1] LONDON (Reuters) – Oil prices fell on Wednesday, swept lower by a broad decline across financial markets, as concern about the outlook for global growth and evidence of yet more crude supply wiped out half of this week’s gains. A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas,…
[ad_1] SINGAPORE (Reuters) – Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts. A pump jack lifts oil out of a well, during a sandstorm in Midland,…
[ad_1] OSAKA (Reuters) – Takeda Pharmaceutical (4502.T) shareholders approved on Wednesday its $59 billion takeover of London-listed Shire (SHP.L), creating a global powerhouse with a stronger drugs pipeline but one that is saddled with massive debt. FILE PHOTO: The logo of Takeda Pharmaceutical Co. Japan May 9, 2018. REUTERS/Kim Kyung-Hoon Takeda will be joining the…
[ad_1] A former Alberta trade envoy to Washington, D.C., believes United States President Donald Trump could slap the province with counter measures for its decision to impose mandatory oil production cuts. Gary Mar, who was Alberta’s representative in the U.S. capital for four years from 2007, said it’s uncertain how Trump will feel about the province’s decision to wade into…
[ad_1] The Bank of Canada is widely expected to keep interest rates on hold in its monetary policy decision on Wednesday. When the Bank of Canada last met, it raised its benchmark interest rate by a quarter point to 1.75 per cent. It was the fifth hike since last summer, further pushing up the cost of…
[ad_1] SHANGHAI (Reuters) – China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that he would revert to more tariffs if the two sides cannot resolve their differences. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during…
[ad_1] BEIJING/SINGAPORE (Reuters) – Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said. FILE PHOTO: An oil tanker unloads crude at a terminal in…
[ad_1] FILE PHOTO: A Didi Chuxing driver checks the information on the application in his car in Beijing, China August 28, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – Chinese ride hailing giant Didi Chuxing on Wednesday announced a reorganization plan which it said was aimed at improving the safety and efficiency of its platform. It said…
[ad_1] WASHINGTON (Reuters) – The United States Postal Service should have more flexibility to raise rates for packages, according to recommendations from a task force set up by President Donald Trump, a move that could hurt profits of Amazon.com Inc and other large online retailers. FILE PHOTO – A view shows U.S. postal service mail…
[ad_1] (Reuters) – BAIC Motor Corp Ltd’s (1958.HK) shares slumped as much as 13.5 percent on Wednesday following a media report saying Germany’s Daimler AG (DAIGn.DE) was considering increasing its stake in its joint venture with the Chinese automaker. FILE PHOTO: The logo of Beijing Automotive Group (BAIC) is seen during the Auto China 2016…
[ad_1] BEIJING/SINGAPORE (Reuters) – Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said. FILE PHOTO: An oil tanker unloads crude at a terminal in…
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Wednesday, pulled down by swelling U.S. inventories and a plunge in global stock markets as China’s government warned of increasing economic headwinds. A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture taken April 13, 2018. REUTERS/Ann…
[ad_1] LOS ANGELES (Reuters) – Leslie Moonves, who resigned as the top executive of CBS Corp in September amid a wave of claims of sexual misconduct, destroyed evidence and misled an internal investigation, the New York Times reported on Tuesday, citing a draft of an internal report. FILE PHOTO: CEO of CBS Corp, Leslie Moonves,…
[ad_1] KUALA LUMPUR (Reuters) – Malaysian police filed fresh criminal charges and issued arrest warrants for fugitive financier Low Taek Jho and four others wanted in connection with a multi-billion-dollar scandal at state fund 1MDB, officials said on Wednesday. FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship…
[ad_1] FILE PHOTO: The logo of Beijing Automotive Group (BAIC) is seen during the Auto China 2016 auto show in Beijing, China, April 29, 2016. REUTERS/Damir Sagolj (Reuters) – BAIC Motor Corp’s (1958.HK) shares slumped 13.5 percent on Wednesday after Bloomberg reported that Germany’s Daimler AG (DAIGn.DE) is considering increasing its stake in its joint…
[ad_1] SINGAPORE (Reuters) – Oil prices fell 1 percent on Wednesday, weighed down by swelling U.S. inventories and a plunge in global stock markets as China’s government warned of increasing economic headwinds. A pump jack lifts oil out of a well, during a sandstorm in Midland, Texas, U.S., April 13, 2018. Picture taken April 13,…
[ad_1] NEW YORK (Reuters) – Two major pipelines bringing oil from Canada to the United States were hit by disruptions on Tuesday, with TransCanada Corp’s Keystone line shutting down, while Enbridge Inc’s Mainline pipeline was hit with outages and reduced flow rates. FILE PHOTO: A TransCanada Keystone Pipeline pump station operates outside Steele City, Nebraska,…
[ad_1] SHANGHAI (Reuters) – China said on Wednesday that Beijing and Washington will push forward with trade negotiations in the next 90 days and it is confident that an agreement can be reached, as doubts grow over whether the two sides can resolve their deep differences. FILE PHOTO: Chinese and U.S. flags are set up…
[ad_1] TOKYO (Reuters) – Asian stocks fell on Wednesday, dragged by Wall Street’s tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth. FILE PHOTO – Shipping containers are being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J at the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences. Trump said his team of trade advisers led by China trade hawk U.S. Trade Representative…
[ad_1] White House economic adviser Larry Kudlow speaks to the media outside the White House in Washington, U.S., December 3, 2018. REUTERS/Jim Young WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Tuesday that a reduction in Chinese tariffs on U.S. cars and agricultural and energy commodities would be a “litmus test” for…
[ad_1] WASHINGTON (Reuters) – Volkswagen’s (VOWG_p.DE) chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford Motor Co (F.N) and might use the U.S. automaker’s plants to build cars. VW CEO Herbert Diess said the company was also “considering building a second car…
[ad_1] Stock markets fell precipitously on Tuesday as weekend optimism that the U.S. and China could de-escalate their trade war fell by the wayside. The Dow Jones Industrial Average fell more than three per cent, or 799 points, to 25,027. The broader S&P 500 fared even worse, losing 88 points to close just above 2,700. And the…
[ad_1] WASHINGTON (Reuters) – President Donald Trump pressed senior executives of leading German automakers to expand their investments in the United States as the White House considers imposing new tariffs on European-made vehicles. Volkswagen AG CEO Herbert Diess speaks after a meeting between senior Trump administration officials and top executives of Volkswagen AG and Daimler…
[ad_1] (Reuters) – Wall Street tumbled more than 3 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent unsettling signs about economic growth and investors worried anew about global trade. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 3,…
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 3, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Wall Street tumbled more than 3 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent unsettling signs about economic growth and investors…
[ad_1] As the fight against climate change heats up, Cove.Tool is looking to help tackle carbon emissions one building at a time. The Atlanta-based startup provides an automated big-data platform that helps architects, engineers and contractors identify the most cost-effective ways to make buildings compliant with energy efficiency requirements. After raising an initial round earlier…
[ad_1] As the fight against climate change heats up, Cove.Tool is looking to help tackle carbon emissions one building at a time. The Atlanta-based startup provides an automated big-data platform that helps architects, engineers and contractors identify the most cost-effective ways to make buildings compliant with energy efficiency requirements. After raising an initial round earlier…
[ad_1] (Reuters) – Wall Street tumbled more than 2 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent worrisome signs about economic growth and investors worried anew about global trade. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 3,…
[ad_1] GENEVA (Reuters) – Iranian President Hassan Rouhani made an apparent threat on Tuesday to disrupt other countries’ oil shipments through the Gulf if Washington presses ahead with efforts to halt Iranian oil exports. Iranian President Hassan Rouhani gives a public speech during a trip to the northern Iranian city of Shahroud, Iran, December 4,…
[ad_1] (Reuters) – U.S. stocks plunged on Tuesday and more points along the Treasury yield curve inverted as doubts arose over a speedy resolution to the U.S.-China trade dispute and over the health of the global economy. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 3,…
[ad_1] (Reuters) – Wall Street fell more than 2 percent on Tuesday, led by bank stocks as a flattening U.S. Treasury yield curve set off warning lights about slowing growth and on fading hopes of a speedy resolution to the U.S.-China trade spat. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] NEW YORK (Reuters) – Jamie Dimon, chief executive of JPMorgan Chase & Co, (JPM.N) on Tuesday said he favors using the bank’s excess capital to reinvest in its business instead of buying back stock. Jamie Dimon, CEO of JPMorgan Chase, attends the launching of the Advancing Cities Challenge, in Pantin, a suburb of Paris,…
[ad_1] Shares in Canadian cannabis company Aphria Inc. plunged for the second day in a row on Tuesday as the company fought back against allegations from a short seller that its recent slew of overseas takeovers are worthless and designed only to enrich company insiders. The company’s shares on the TSX closed down 27 per cent…
[ad_1] NEW YORK (Reuters) – Oil prices pared gains in a volatile trade on Tuesday as fears flared that demand would stall due to a trade war between the U.S. and China, and that Russia remained a stumbling block to a deal to cut global crude supply. Oil pumps are seen after sunset outside Vaudoy-en-Brie,…
[ad_1] Microsoft and Docker today announced a new joint open-source project, the Cloud Native Application Bundle (CNAB), that aims to make the lifecycle management of cloud-native applications easier. At its core, the CNAB is nothing but a specification that allows developers to declare how an application should be packaged and run. With this, developers can define their…
[ad_1] Teck Resources Ltd. has sold a 30 per cent stake in its Quebrada Blanca Phase 2 copper project in Chile to Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. for $1.2 billion US. The Vancouver-based miner also says that its board has approved the project for full construction with first production expected in the…
[ad_1] TORONTO (Reuters) – Thomson Reuters Corp (TRI.TO) said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs. FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square,…
[ad_1] FortressIQ, a startup that wants to bring a new kind of artificial intelligence to process automation called imitation learning, emerged from stealth this morning and announced it has raised $12 million. The Series A investment came entirely from a single venture capital firm, Light Speed Venture Partners. Today’s funding comes on top of $4…
[ad_1] Question-and-answer website Quora.com says hackers have gained access to encrypted passwords and user IDs for as many as 100 million of its users. In a note to affected users late Monday, the chief executive of the question-answering website, Adam D’Angelo, said a “malicious third party” had broken into one of its systems. Users were told…
[ad_1] Fivetran, a startup that builds automated data pipelines between data repositories and cloud data warehouses and analytics tools, announced a $15 million Series A investment led by Matrix Partners. Fivetran helps move data from source repositories like Salesforce and NetSuite to data warehouses like Snowflake or analytics tools like Looker. Company CEO and co-founder…
[ad_1] SHANGHAI (Reuters) – As White House officials fanned out to talk up what U.S. President Donald Trump called “an incredible deal” with China to hit pause in their trade war, Beijing has said little on a pact that cheered markets but left many questions unanswered. FILE PHOTO: Shipping containers are being loaded onto Xin…
[ad_1] It’s been a whirlwind few months for Forethought, a startup with a new way of looking at enterprise search that relies on artificial intelligence. In September, the company took home the TechCrunch Disrupt Battlefield trophy in San Francisco, and today it announced a $9 million Series A investment. It’s pretty easy to connect to…
[ad_1] GM Canada’s president says “there isn’t anything to build” after 2019 at the company’s Oshawa plant as the automaker bets big on electric and autonomous vehicles. There will be new GM jobs in Ontario, he says — just not on that long-running assembly line. Travis Hester, an Australian, was just eight months into his new job…
[ad_1] Bank of Montreal hiked its dividend as it reported a fourth-quarter profit that jumped 38 per cent compared with a year ago and beat analyst estimates. Canada’s fourth-largest bank said Tuesday it will now pay a quarterly dividend of $1 per share, up four cents from its previous payment. The increase in payment to…
[ad_1] Unilever headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw LONDON (Reuters) – Unilever’s (ULVR.L) (UNc.AS) incoming chief executive Alan Jope plans to stick to the 2020 targets set by his predecessor Paul Polman, Jope said on Tuesday, confirming a message of continuity set last week by the company chairman. Jope, who…
[ad_1] VIENNA (Reuters) – OPEC and its allies are working towards a deal this week to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a major cut was so far the main stumbling block. The logo of the Organization of the Petroleum Exporting Countries…
[ad_1] FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/File Photo BRUSSELS (Reuters) – Visa (V.N) and Mastercard (MA.N) have offered to cut merchants’ charges for non-EU credit and debit cards by at least 40 percent to end an EU antitrust investigation, part of…
[ad_1] The price of food could increase by up to 3.5 per cent in 2019, an annual study of food prices predicts, but there’s good news for Canadian consumers buying meat and seafood, which are projected to become cheaper. Meat and seafood have seen sharp increases in recent years, but a shift away from eating…
[ad_1] Alberta is supposed to be the home of the free market, the province of privatization. It’s a wide-open market to sell beer, wine, cannabis, and even insurance of every kind. Take a test for your driver’s licence and the person in the right hand passenger seat works for a business, not the government. The…
[ad_1] A court decision has given Sears Canada retirees hope they can recoup some of the millions of dollars missing from the now-defunct retailer’s underfunded pension plan. An Ontario Superior Court judge on Monday granted approval for two lawsuits targeting U.S. billionaire businessman, Eddie Lampert and his hedge fund, ESL Investments, in connection with $509 million in…
[ad_1] It’s a matter of he said, Xi said. U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Saturday negotiated a temporary pause in a trade war between the world’s two largest economies. A 90-day pause on further tariffs started on Dec. 1, with many economists hoping the detente will be extended. Each country, however,…
[ad_1] TOKYO (Reuters) – Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. A logo of Sharp Corp is pictured at the CEATEC JAPAN 2017…
[ad_1] SHANGHAI (Reuters) – Asian shares fell on Tuesday as relief over a pause in escalation of the trade war between the U.S. and China gave way to doubt over the two countries’ ability to resolve differences. A man sits in front of an electronic board showing stock information at a brokerage house in Hangzhou,…
[ad_1] SINGAPORE (Reuters) – Oil prices rose by more than 1 percent on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann U.S. West Texas Intermediate (WTI) crude…
[ad_1] SHANGHAI (Reuters) – Asian shares fell on Tuesday as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. A man sits in front of an electronic board showing stock information at a brokerage house in Hangzhou, Zhejiang province, China December 3,…
[ad_1] JOHANNESBURG (Reuters) – Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard. A woman stands next to a TymeBank client onboarding kiosk in Johannesburg, South Africa, November…
[ad_1] PARIS/JAKARTA (Reuters) – Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out cancelling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October, sources told Reuters. FILE PHOTO: A Lion Air Boeing 737-800 plane prepares to land…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann The 90-day truce in the trade dispute between the United States…
[ad_1] SHANGHAI (Reuters) – Asian shares fell on Tuesday as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai An inverted U.S.…
[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 BEIJING (Reuters) – The aviation leasing arm of China Development Bank said it will finance eight Airbus (AIR.PA) A330 purchases for airlines affiliated to debt-laden HNA Group and that the jets will…
[ad_1] FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson (Reuters) – Tesla Inc had plans to build its pilot small electric SUV Model Y at Gigafactory 1 by June 1, 2020, the Business Insider reported on Monday, citing leaked internal documents, but said the company…
[ad_1] WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources. A Tesla is charged at an electric car supercharger station in Los Angeles, California, U.S. August 2, 2018. REUTERS/Lucy Nicholson Asked about plans after General…
[ad_1] WASHINGTON (Reuters) – The United States expects China to take immediate action to cut tariffs on U.S. car imports and end intellectual property theft and forced technology transfers as the two countries move toward a broader trade deal, a White House official said on Monday. President Donald Trump and Chinese President Xi Jinping on…
[ad_1] The Alberta government has ordered a mandatory cut to crude oil production next year to deal with historically low prices being paid for Canadian oil. Here are six things to know about Canada’s resource: Light or heavy Each type of oil around the world has its own price. New-York-traded West Texas Intermediate (WTI), delivered…
[ad_1] SHANGHAI (Reuters) – Asian shares fell in early trade on Tuesday as a relief rally sparked by a truce in the U.S.-China trade war gave way to doubts on whether the two countries are able to resolve their differences before a 90-day deadline. A man walks past an electronic stock quotation board 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, October 1, 2018. Picture taken October 1, 2018. REUTERS/Regis Duvignau TOKYO (Reuters) – Tokyo prosecutors plan to arrest Carlos Ghosn on a…
[ad_1] Venezuela’s President Nicolas Maduro speaks during a news conference after an agreement-signing ceremony between Turkey and Venezuela at Miraflores Palace in Caracas, Venezuela December 3, 2018. REUTERS/Manaure Quintero CARACAS (Reuters) – Turkish President Tayyip Erdogan on Monday criticized sanctions on Venezuela during a visit to Caracas, while President Nicolas Maduro defended the country’s right…
[ad_1] Venezuela’s President Nicolas Maduro speaks during a news conference after an agreement-signing ceremony between Turkey and Venezuela at Miraflores Palace in Caracas, Venezuela December 3, 2018. REUTERS/Manaure Quintero CARACAS (Reuters) – Venezuelan President Nicolas Maduro said on Monday his country has the right to export gold and sanctions interfering with that are wrong, a…
[ad_1] A judge in Montana ruled last week that TransCanada can resume some pre-construction work on the Keystone XL pipeline. The Calgary-based company successfully argued to U.S. District Judge Brian Morris on Wednesday that it should be allowed to resume project development (like engineering and awarding contracts) and meetings with regional stakeholders, despite the fact construction on the pipeline…
[ad_1] Auto sales in Canada were down for the ninth straight month in November, dipping 9.4 per cent to 143,668 vehicles. This year will mark the first since 2009 that auto sales have not expanded, but 2018 will still be second only 2017 in sales volume, according to DesRosiers Automotive Consultants Inc. Annual sales are…
[ad_1] Beauty and home products retailer Crabtree & Evelyn Canada Inc. is closing its stores and has filed for bankruptcy protection. In Quebec court filings under the Bankruptcy and Insolvency Act, the company says it plans to begin liquidating inventory, so it can distribute the proceeds to creditors. The company employs 123 full- and part-time…
[ad_1] NEW YORK (Reuters) – A truce in the U.S.-China trade war boosted global stocks to their highest in roughly three weeks on Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher. The rally in equities follows an agreement between Washington and Beijing at the G20 summit in Argentina…
[ad_1] FILE PHOTO – 90th Academy Awards – Oscars Show – Hollywood, California, U.S., 04/03/2018 – Disney CEO Robert Iger awaits the start of the show. REUTERS/Lucas Jackson (Reuters) – Walt Disney Co (DIS.N) said on Monday Chief Executive Officer Robert Iger has agreed to certain adjustments to his compensation package, which ties his paycheck…
[ad_1] Shares in oilsands companies most likely to benefit from Alberta’s move to curtail crude production starting Jan. 1 are soaring in the wake of Sunday’s announcement by Premier Rachel Notley. In early trading Monday morning, Cenovus Energy Inc. rose as much as 13 per cent over its Friday close to $11.11, while Canadian Natural…
[ad_1] Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country’s market in the wake of U.S. President Donald Trump’s metals tariffs. With steel prices already high, the companies that fabricate steel structures used in major building projects say…
[ad_1] NEW YORK (Reuters) – Oil prices jumped by more than 3 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply. FILE PHOTO: A female employee fills the tank…
[ad_1] FILE PHOTO – The Amazon logo is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo SAN FRANCISCO (Reuters) – Amazon.com (AMZN.O) briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp (MSFT.O) dethroned long-time leader Apple (AAPL.O). Amazon rose as much as 4.7…
[ad_1] Premier Rachel Notley said it would be one of the toughest decisions that Albertans would make as a province. And now she’s made it. Beginning January, Alberta will impose mandatory production cuts on the energy sector for the first time in decades — a measure aimed at reducing an oil glut that’s punished the price of Canadian crude. “In…
[ad_1] Shares in Canadian cannabis company Aphria Inc. fell to their lowest level in more than a year on Monday after a short seller published a report alleging the company has wasted hundreds of millions on foreign acquisitions that are essentially worthless. At a short-selling conference in New York, Gabriel Grego of Quintessential Capital Management outlined…
[ad_1] The tiny, energy-rich Arab nation of Qatar announced on Monday it will withdraw from OPEC in January, meeting its aspirations to increase production outside of the cartel’s constraints and slighting the Saudis who are currently boycotting Doha. The surprise announcement from Qatar’s minister of state for energy affairs, Saad Sherida al-Kaabi, again throws into…
[ad_1] In the last year, cryptocurrency firms have talked about adding as much as 5,000 megawatts to BC Hydro’s electrical load. That’s about 40 per cent of the power it currently generates, and four times the maximum capacity of the yet-to-be-completed Site C dam. Just a tiny fraction of that business has materialized so far,…
[ad_1] LONDON (Reuters) – GlaxoSmithKline (GSK.L) has agreed to buy U.S. cancer specialist Tesaro (TSRO.O) for $5.1 billion, marking a major biotech investment by Chief Executive Emma Walmsley as she seeks to rebuild the group’s pharmaceuticals business. The GlaxoSmithKline (GSK) logo on top of GSK Asia House is seen through vertical louvres in Singapore, March…
[ad_1] WASHINGTON (Reuters) – Uber Technologies Inc on Monday confirmed it hired a senior U.S. auto safety official involved in the federal government’s handling of self-driving cars for its autonomous vehicle efforts. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo Nat Beuse, a long-time…
[ad_1] FILE PHOTO: A photo illustration shows the Verizon wireless carrier icon on a mobile phone screen in Encinitas, California June 6, 2013. REUTERS/Mike Blake (Reuters) – Verizon Communications Inc (VZ.N) and Samsung Electronics Co Ltd (005930.KS) said on Monday they plan to release 5G smartphones in the first half of 2019 in the United…
[ad_1] U.S. President Donald Trump attends a meeting with and German Chancellor Angela Merkel during the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – U.S. President Donald Trump on Monday said U.S.-China relations had taken a big step forward over the weekend after he and Chinese President Xi…
[ad_1] DOHA (Reuters) – Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide. FILE PHOTO: Saad al-Kaabi, chief executive…
[ad_1] LONDON/TOKYO (Reuters) – Global economic prospects appear gloomy as year-end approaches after factory activity and export orders weakened in November, prompting analysts to predict no quick rebound amid persistent global trade tensions. FILE PHOTO: Employees work at a production line inside a factory of Saic GM Wuling, in Liuzhou, Guangxi Zhuang Autonomous Region, China,…
[ad_1] WASHINGTON/SHANGHAI (Reuters) – U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW (BMWG.DE) and Daimler AG (DAIGn.DE) who manufacture in the United States for export to the world’s biggest auto market. Shares of Chinese car dealers also perked up on hopes that such a…
[ad_1] LONDON (Reuters) – Unilever (ULVR.L) is to buy GlaxoSmithKline’s (GSK.L) Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group’s position in India with the addition of the malted drink. Unilever headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw The deal, announced on Monday, increases the consumer goods giant’s footprint in…
[ad_1] PARIS (Reuters) – French President Emmanuel Macron will urge a visiting group of top Silicon Valley venture capitalists this week to invest in the nation’s start-ups while calling on them not to “steal” the best creations, four sources told Reuters. FILE PHOTO: French President Emmanuel Macron speaks to participants at the Viva Tech start-up…
[ad_1] A second executive with the Alberta Energy Regulator is billing the organization for travel expenses because the person is living in B.C. The AER tells CBC News its board of directors wasn’t aware of the situation. The AER is the single regulator of energy development in Alberta — from application and exploration, to construction and operation, to decommissioning, closure…
[ad_1] Tall, slim and sexy. Sunday night’s broadcast of the annual Victoria’s Secret Fashion Show featured the usual suspects: supermodels in tantalizing bras, panties and garter belts, strutting their stuff down the runway — and straight into controversy. “Every single year I say, ‘This is going to be the year they start including women of different…
[ad_1] WASHINGTON/BEIJING (Reuters) – China has agreed to “reduce and remove” tariffs below the 40 percent level that Beijing is currently charging on U.S.-made vehicles, U.S. President Donald Trump said, as a trade war truce between the two countries gathers pace, cheering markets. FILE PHOTO : A woman looks at Ford cars at a dealer…
[ad_1] BEIJING (Reuters) – China’s foreign ministry said on Monday that the Chinese and U.S. presidents instructed their economic teams to work toward removing all tariffs, following a meeting in Argentina where the two leaders agreed to a truce in their trade war. Ministry spokesman Geng Shuang made the comment at a daily news briefing…
[ad_1] WASHINGTON/SHANGHAI (Reuters) – U.S. President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc (TSLA.O) and BMW (BMWG.DE) who manufacture in the United States for export to China. FILE PHOTO: The Tesla Model X is seen on the second…
[ad_1] FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake (Reuters) – U.S. chipmaker Qualcomm Inc (QCOM.O) rejected a suggestion by the White House that its collapsed…
[ad_1] SYDNEY/TOKYO (Reuters) – Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan,…
[ad_1] TOKYO (Reuters) – Asia’s economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions. FILE PHOTO: Employees work at a production line inside a factory of Saic GM Wuling, in Liuzhou, Guangxi Zhuang Autonomous Region, China, June…
[ad_1] Cars are seen in a parking lot in Palm Springs, California April 13, 2015. Picture taken April 13, 2015. REUTERS/Lucy Nicholson WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that China had agreed to “reduce and remove” tariffs on U.S. cars below the 40 percent level that Beijing is currently charging on…
[ad_1] SINGAPORE (Reuters) – Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut. FILE PHOTO: A female employee fills the tank of a car…
[ad_1] (Reuters) – China and the United States agreed on Saturday to a truce in their trade war following talks between Chinese President Xi Jinping and U.S. President Donald Trump on the sidelines of the G20 summit in Argentina. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by…
[ad_1] SINGAPORE (Reuters) – Oil prices shot higher on Monday after the United States and China agreed a 90-day truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut. FILE PHOTO: A female employee fills the tank of a car…
[ad_1] BEIJING/SHANGHAI (Reuters) – The trade war truce agreed by China and the United States at the weekend could help them resolve their differences amicably, but lasting improvements in relations will depend on U.S. “sincerity”, Chinese state media said on Monday. U.S. President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S.…
[ad_1] U.S. President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque SHANGHAI (Reuters) – The trade war truce agreed by China and the United…
[ad_1] SYDNEY (Reuters) – Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru…
[ad_1] BUENOS AIRES (Reuters) – Many delegates from the world’s 20 largest economies arrived at a summit in Argentina this week determined to clinch an agreement to reform the global trade system, pushed to a breaking point by tensions between the United States and China. U.S. President Donald Trump, U.S. Secretary of State Mike Pompeo,…
[ad_1] SYDNEY (Reuters) – Asian shares looked set to rally on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February…
[ad_1] Alberta’s NDP Premier Rachel Notley will announce tonight what many expect will be a mandatory industry-wide cut in oil production to address a price drop she says is costing the provincial treasury $80 million a day in lost revenue. Notley’s announcement is aimed at addressing the difference in the price of Western Canadian Select, the…
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 30, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stock index futures jumped on Sunday after China and the United States agreed at a G20 summit to shelve any new tariffs and reset discussions for 90…
[ad_1] SYDNEY (Reuters) – Asian shares looked set to rally on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global growth outlook and a positive for emerging markets. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February…
[ad_1] People walk by the Amazon Go brick-and-mortar grocery store without lines or checkout counters, in Seattle Washington, U.S. December 5, 2016. REUTERS/Jason Redmond (Reuters) – Amazon.com Inc (AMZN.O) is testing its cashierless checkout technology for bigger stores with larger spaces and experimenting the technology in Seattle, the Wall Street Journal reported on Sunday. The…
[ad_1] NEW YORK (Reuters) – One of the darkest clouds hanging over Wall Street somewhat dissipated on Saturday when China and the United States agreed to shelve any new tariffs and reset discussions, at least temporarily halting an increase in their tensions over trade. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping…
[ad_1] FILE PHOTO: Mohammed bin Hamad Al Rumhy, Oman’s Minister of Oil and Gas, arrives to a meeting between OPEC and non-OPEC oil producers, in Doha, Qatar April 17, 2016. REUTERS/Ibraheem Al Omari VIENNA (Reuters) – Omani Energy Minister Mohammed bin Hamad al-Rumhy said on Sunday that he believed there was a consensus among OPEC…
[ad_1] BUENOS AIRES (Reuters) – China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1. Trump will leave tariffs on $200 billion worth of Chinese imports at…
[ad_1] AWS, once a nice little side hustle for Amazon’s eCommerce business, has grown over the years into a behemoth that’s on a $27 billion run rate, one that’s still growing at around 45 percent a year. That’s a highly successful business by any measure, but as I listened to AWS executives last week at…
[ad_1] The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles, California, U.S., July 17, 2018. REUTERS/Lucy Nicholson (Reuters) – Nexstar Media Group Inc has reached an agreement to acquire to Tribune Media Co for about $4.1 billion, a deal which would make it the largest regional U.S. TV…
[ad_1] FILE PHOTO: Cars queue in a traffic jam near Rottal Ost, near Passau, southern Germany September 15, 2015. REUTERS/Michael Dalder FRANKFURT (Reuters) – Several European countries have either ordered vehicle recalls by carmakers over diesel emissions cheating or plan to do so, German weekly Bild am Sonntag reported without citing sources. The paper said…
[ad_1] Premier Rachel Notley says the plunging price of oil has become a crisis for Alberta, and she’ll announce a short-term solution on Sunday evening. CBC political analyst Graham Thomson said he’s under the impression Notley will impose mandatory cuts to oil production. “If she wasn’t going to do anything, she wouldn’t be going to this…
[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. Shopping for breast implants Marketplace investigated how breast implants are marketed by plastic surgeons, and we followed a woman getting her implants removed because she believes they made her sick. We sent her implants…
[ad_1] BUENOS AIRES (Reuters) – China and the United States agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. U.S. President Donald Trump, U.S. President Donald Trump’s national…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) is not at risk of a takeover, its chief executive told a German weekly paper after its shares fell to a record low on Friday in the wake of a two-day raid related to money laundering allegations. FILE PHOTO: The logo of Deutsche Bank is seen in front…
[ad_1] Any relief Canadian officials felt over Friday’s signing of NAFTA may fade away, as U.S. President Donald Trump announced he’s taking a risky all-or-nothing approach to getting the new trade pact ratified by Congress. As he left the G20 summit in Buenos Aires, Trump told reporters on board Air Force One that he plans…
[ad_1] For decades the experience of caring for your teeth looked something like this: Visit the dentist every six or nine months. Take home a new toothbrush from the hygienist. Use it to brush at least twice daily. Repeat. If you or your child needed teeth straightened, you got a referral to an orthodontist, hoped your insurance and savings could…
[ad_1] FILE PHOTO: U.S. President Donald Trump and Russia’s President Vladimir Putin are seen during the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Marcos Brindicci BUENOS AIRES (Reuters) – Russian President Vladimir Putin and President Donald Trump had a brief meeting on the sidelines of the G20 summit on Friday, Kremlin aide…
[ad_1] FILE PHOTO: U.S. President Donald Trump speaks as he meets Japanese Prime Minister Shinzo Abe during the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Kevin LamarqueREUTERS/Kevin Lamarque BUENOS AIRES (Reuters) – President Donald Trump canceled a news conference at the G20 summit in Buenos Aires on Saturday following the death of…
[ad_1] FILE PHOTO: Saudi Arabia’s Crown Prince Mohammed bin Salman is welcomed by Argentina’s President Mauricio Macri as he arrives for the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Marcos Brindicci CAIRO (Reuters) – Saudi Crown Prince Mohammed Bin Salman met with Argentinian president Mauricio Macri on the sidelines of G20 summit,…
[ad_1] FILE PHOTO: Russia’s President Vladimir Putin is seen during the opening of the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Sergio Moraes NEW YORK (Reuters) – French President Emmanuel Macron and German Chancellor Angela Merkel pressed Russian Vladimir Putin to release Ukrainian sailors who were seized along with their ships by…
[ad_1] U.S. President Donald Trump speaks during a meeting with German Chancellor Angela Merkel at the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Luisa Gonzalez BUENOS AIRES (Reuters) – U.S. President Donald Trump said he will have a meeting with Chinese President Xi Jinping on Saturday to discuss trade after the close…
[ad_1] BUENOS AIRES (Reuters) – China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1. Trump will leave tariffs on $200 billion worth of Chinese imports at…
[ad_1] U.S. President Donald Trump speaks as he attends the USMCA signing ceremony before the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Kevin Lamarque ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump told reporters aboard Air Force One on Saturday he expects to agree to a two-week extension of funding…
[ad_1] U.S. President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Kevin Lamarque BUENOS AIRES (Reuters) – China and the United States have agreed to halt…
[ad_1] International Monetary Fund (IMF) Managing Director Christine Lagarde arrives for the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Luisa Gonzalez BUENOS AIRES (Reuters) – International Monetary Fund Managing Director Christine Lagarde called on G20 leaders to urgently de-escalate trade tensions and reverse tariff hikes, warning that they risked slowing global growth.…
[ad_1] BUENOS AIRES (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping held high-stakes trade talks in Argentina on Saturday, and both sides signaled they made progress toward defusing a damaging tariffs war between the world’s two largest economies. With the United States and China locked in an economic dispute that has unnerved…
[ad_1] France’s President Emmanuel Macron attends the plenary session at the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. G20 Argentina/Handout via REUTERS BUENOS AIRES (Reuters) – French President Emmanuel Macron said on Saturday that he told Saudi Arabia’s Crown Prince Mohammed bin Salman that G20 nations wanted “clarity on the facts of…
[ad_1] BUENOS AIRES (Reuters) – High-stakes trade talks between U.S. President Donald Trump and Chinese President Xi Jinping on Saturday went “very well,” a top White House aide said, suggesting there may have been progress toward defusing the two countries’ damaging tariffs war. With the United States and China locked in an economic dispute that…
[ad_1] BUENOS AIRES (Reuters) – Japan will put issues ranging from global trade imbalances to the impact of aging populations on the agenda when it chairs next year’s meetings of leaders from the Group of 20 major economies, government officials said. Japanese Deputy Prime Minister and Finance Minister Taro Aso looks on during Prime Minister…
[ad_1] Deutsche Bank CEO Christian Sewing attends the 28th Frankfurt European Banking Congress (EBC) at the Old Opera house in Frankfurt, Germany November 16, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) Chief Executive Christian Sewing said two employees subject to an ongoing investigation into money laundering allegations should not be prejudged until proven…
[ad_1] BUENOS AIRES (Reuters) – U.S. President Donald Trump told Chinese President Xi Jinping on Saturday he hoped they would achieve “something great” on trade for both countries as they opened a high-stakes summit aimed at defusing a damaging tariffs war between Washington and Beijing. With the United States and China locked in an economic…
[ad_1] (Reuters) – Saudi Crown Prince Mohammed bin Salman met Russian President Vladimir Putin on the sidelines of G20 summit in Argentina on Saturday and discussed areas of cooperation including rebalancing the world oil market, the Saudi Press Agency reported. Russian President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman attend a meeting…
[ad_1] U.S. President Donald Trump attends a meeting with German Chancellor Angela Merkel during the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Luisa Gonzalez BUENOS AIRES (Reuters) – U.S. President Donald Trump said he had an “incredible relationship” with Chinese President Xi Jinping before the start of a meeting between the two…
[ad_1] Saudi Arabia’s Crown Prince Mohammed bin Salman attends the plenary session at the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. G20 Argentina/Handout via REUTERS RIYADH (Reuters) – Saudi Crown Prince Mohammed bin Salman has met United Nations Secretary General Antonio Guterres on the sidelines of the G20 summit in Argentina, Saudi…
[ad_1] LONDON (Reuters) – Oil majors and trading firms can start finalizing crude oil deals on a live blockchain-based platform for the first time, in a move that could revolutionize the market. A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, around 100 miles east of…
[ad_1] Oil market analyst Kevin Birn likens Western Canada’s crude supply to a bathtub with a drain that’s too small to keep up with the increasing volume pouring out of the tap. As barrels of surplus oil lap the edge of the tub, desperate producers are forced to sell at rock-bottom prices to avoid a…
[ad_1] BUENOS AIRES (Reuters) – Germany, France, Ukraine and Russia will hold further talks at the advisor level about a shipping standoff in the Kerch Strait, German Chancellor Angela Merkel said on Saturday, urging Moscow to let Ukrainian vessels enter the Sea of Azov. Russian President Vladimir Putin (L) shakes hands with German Chancellor Angela…
[ad_1] Saudi Arabia’s Crown Prince Mohammed bin Salman attends the plenary session at the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. G20 Argentina/Handout via REUTERS CAIRO (Reuters) – Saudi Crown Prince Mohammed bin Salman met with United Nations Secretary General Antonio Guterres on the sidelines of the G20 summit in Argentina, Saudi…
[ad_1] BUENOS AIRES (Reuters) – The leaders of the world’s largest economic powers on Saturday backed an overhaul of the global body that regulates international trade disputes, ahead of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping aimed at defusing a trade war. The Group of 20 industrialized nations called for…
[ad_1] FILE PHOTO: Britain’s Prime Minister Theresa May, French President Emmanuel Macron, U.S. President Donald Trump, Japanese Prime Minister Shinzo Abe, Argentina’s President Mauricio Macri and G20 leaders pose for a family photo during the G20 summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Marcos Brindicci BUENOS AIRES (Reuters) – The G20 grouping of industrialized…
[ad_1] Saudi Arabia’s Crown Prince Mohammed bin Salman attends the plenary session at the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. G20 Argentina/Handout via REUTERS CAIRO (Reuters) – Saudi Crown Prince Mohammed Bin Salman met Italy’s Prime Minister Giuseppe Conte on the sidelines of the G20 summit in Argentina, Saudi state TV…
[ad_1] German Chancellor Angela Merkel attends the plenary session at the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. G20 Argentina/Handout via REUTERS BERLIN (Reuters) – German Chancellor Angela Merkel on Saturday said global leaders had agreed at the G20 summit in Buenos Aires on the need to reform the world body that…
[ad_1] BUENOS AIRES (Reuters) – Global leaders were expected to back an overhaul of the world body that regulates international trade disputes at a summit on Saturday, delegates said, ahead of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping aimed at defusing a trade war. A consensus appeared to be emerging…
[ad_1] NEW YORK (Reuters) – Trade tensions that have clouded Wall Street’s outlook for more than eight months will come to a head this weekend at a global political summit, with investors bracing for a range of outcomes that stand to influence stocks for the rest of the year. FILE PHOTO: U.S. President Donald Trump…
[ad_1] Turns out the negotiations to revise the North American trade agreement didn’t end when the agreement was announced Oct.1. The 60-day period leading up to its formal signature in Buenos Aires on Friday included an additional two months of haggling over specific parts of the deal. Several significant changes were made over the last two…
[ad_1] Brendan Best says self-checkout isn’t worth his time because something often goes wrong, forcing him to seek out assistance. “I would not like to have that type of hassle, so I try to go through cashier lines,” said Best, who lives in Halifax. “There’s nothing in it for me.” A new grocery shopping study out of…
[ad_1] (Reuters) – U.S. President Donald Trump has rattled the world trade order by imposing unilateral tariffs to combat what he calls unfair trade practices by China, the European Union and other major trading partners of the United States. The U.S. flag flies at the Port of Los Angeles in Los Angeles, California, U.S. July…
[ad_1] BUENOS AIRES (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping will wrap up a global summit on Saturday with high-stakes talks expected to determine whether they can begin defusing a damaging trade war between the world’s two biggest economies. U.S. President Donald Trump arrives for the G20 leaders summit in Buenos…
[ad_1] BUENOS AIRES (Reuters) – Progress has been made on the issue of trade for the final communique of the G20 meeting, Argentine Foreign Minister Jorge Faurie said on Friday. Faurie told reporters delegates were still working on a climate change component of a potential final statement. Trade and climate change were expected to be…
[ad_1] U.S. President Donald Trump speaks as he meets Japanese Prime Minister Shinzo Abe during the G20 leaders summit in Buenos Aires, Argentina November 30, 2018. REUTERS/Kevin LamarqueREUTERS/Kevin Lamarque (Reuters) – U.S. President Donald Trump said on Friday “something could very well come out” of his meeting on trade with Chinese President Xi Jinping on…
[ad_1] NEW YORK (Reuters) – Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week. The two benchmarks, North Sea Brent LCOc1 and U.S.…
[ad_1] Reacquired Volkswagen and Audi diesel cars sit in a desert graveyard near Victorville, California, U.S. March 28, 2018. Volkswagen AG has paid more than $7.4 billion to buy back about 350,000 vehicles, the automaker said in a recent court filing, and is now storing thousands of vehicles around the United States. Picture taken March…
[ad_1] NEW YORK (Reuters) – Oil prices retreated on Friday amid a global glut, racking up a 20 percent drop for November, while world equity markets were mixed ahead of weekend talks between U.S. President Donald Trump and Chinese leader Xi Jinping. The German share price index, DAX board, is seen at the stock exchange…
[ad_1] BUENOS AIRES (Reuters) – Japanese Prime Minister Shinzo Abe told French President Emmanuel Macron on Friday that the future of the Renault-Nissan alliance was up to private shareholders, a spokesman for the Japanese leader said. “Prime Minister Abe said regarding the alliance, which is a symbol of Japanese-French industrial cooperation, it is important to…
[ad_1] BUENOS AIRES (Reuters) – The United States, Canada and Mexico signed a North American trade pact on Friday, with President Donald Trump brushing aside concerns that he could face difficulties getting the deal through the U.S. Congress. The leaders of the three countries agreed on a deal in principle to replace the North American…
[ad_1] SAN FRANCISCO (Reuters) – Wall Street last month gave the Federal Reserve its worst grade since Jerome Powell took the helm of the U.S. central bank earlier this year, docking points for a communications misstep early in October that sent U.S. stocks tumbling. A Wall Street sign is pictured outside the New York Stock…
[ad_1] FILE PHOTO – David Einhorn, President of Greenlight Capital, Inc., presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid BOSTON (Reuters) – Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly…
[ad_1] WASHINGTON/VANCOUVER (Reuters) – The U.S. State Department will conduct another environmental review of TransCanada Corp’s long-pending Keystone XL oil pipeline, a U.S. official said on Friday, a move that could lead to additional delays of the project. A depot used to store pipes for Transcanada Corp’s planned Keystone XL oil pipeline is seen in…
[ad_1] BUENOS AIRES (Reuters) – Thousands of demonstrators marched in Buenos Aires on Friday to protest the G20’s economic policies as the world’s leading industrialized nations opened their annual summit in the Argentine capital. But the protesters could not get anywhere near the leaders of the United States, Russia, China and other global powers gathered…
[ad_1] CHICAGO, SAO PAULO (Reuters) – United Continental Holdings Inc (UAL.O) on Friday said it had finalized a three-way joint venture with carriers Avianca Holdings SA AVT_p.CN of Colombia and Copa Airlines of Panama, giving the U.S. airline a deeper foothold in Latin America where travel demand is rising. FILE PHOTO: A customer is reflected…
[ad_1] NEW YORK (Reuters) – Wall Street rose on Friday as investors hoped for progress on trade in a critical U.S.-China meeting over the weekend, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in nearly seven years. Traders work on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] SAN FRANCISCO (Reuters) – Microsoft Corp’s (MSFT.O) stock market value closed above Apple Inc’s (AAPL.O) for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. FILE PHOTO: The Microsoft sign is shown on top of…
[ad_1] TOKYO/PARIS (Reuters) – France and Japan’s leaders attempted to avert a diplomatic row over the Renault-Nissan-Mitsubishi alliance on Friday, meeting for bilateral talks in the wake of the surprise arrest of its Chairman Carlos Ghosn in Japan. With the carmaking alliance facing its biggest test after the ousting of Ghosn as chairman of Nissan…
[ad_1] One of the largest employers in Sault Ste. Marie, Ont. is now out of creditor protection and its new owners have officially taken over. Algoma Steel Inc. announced on Friday that is has successfully completed the purchase of all the assets of Essar Steel Algoma Inc. and is no longer under creditor protection. It…
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 30, 2018. REUTERS/Brendan McDermid (Reuters) – Wall Street rose on Friday with the S&P 500 and Nasdaq posting their biggest weekly percentage gains in nearly 7 years after the U.S. Federal Reserve hinted at a more…
[ad_1] BUENOS AIRES (Reuters) – Chinese President Xi Jinping and the leaders of major developing economies condemned protectionism at a G20 summit in Argentina on Friday overshadowed by U.S. President Donald Trump’s threat to escalate tariffs on China. This year’s two-day gathering is a major test for the Group of 20 industrialized nations, whose leaders…
[ad_1] NEW YORK (Reuters) – Wall Street extended its gains on Friday after a Chinese official’s optimistic remarks boosted investor hopes about U.S.-China trade talks as the G20 meeting in Buenos Aires opened. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 30, 2018. REUTERS/Brendan McDermid…
[ad_1] WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra plans to visit Capitol Hill next week to discuss its plans to halt production at five plants in North America next year and cut up to 15,000 jobs, two congressional aides said on Friday. FILE PHOTO: General Motors CEO Mary Barra at a…
[ad_1] BRUSSELS (Reuters) – EU antitrust regulators have asked Google’s rivals if the internet search giant unfairly demotes local search competitors, according to a questionnaire seen by Reuters, a move which could lead to a fourth case against the Alphabet (GOOGL.O) unit. FILE PHOTO: A Google logo is seen at the company’s headquarters in Mountain…
[ad_1] FILE PHOTO: General Motors CEO Mary Barra at a press conference at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Rebecca Cook/File Photo WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra plans to visit Capitol Hill next week to discuss the company’s plans to halt production…
[ad_1] BUENOS AIRES (Reuters) – The leaders of the world’s largest economies opened talks on Friday overshadowed by U.S. President Donald Trump’s threat to escalate tariffs on imports from China as well as military tensions between Russia and Ukraine. This year’s two-day gathering is a major test for the Group of 20 industrialized nations, whose…
[ad_1] The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday. The Canadian economy grew at an annualized pace of two per cent in the third quarter compared with 2.9 per cent in the second quarter, matching…
[ad_1] (Reuters) – U.S. stocks were trading flat on Friday as investors stayed away from making bets ahead of a much-awaited meeting between the United States and China that could decide the course of a bitter trade dispute between the two economies. Traders work on the floor at the New York Stock Exchange (NYSE) in…
[ad_1] ROME (Reuters) – Italian major Eni (ENI.MI) is in talks to grow its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Gulf and offset its reliance on Africa, a source close to the matter said. FILE PHOTO: Italian energy company Eni headquarters…
[ad_1] UK entrepreneur turned billionaire investor, Mike Lynch, has been charged with fraud in US over the 2011 sale of his enterprise software company. Lynch sold Autonomy, the big data company he founded back in 1996, to computer giant HP for around $11BN some seven years ago. But within a year around three-quarters of the…
[ad_1] Sleep Country Canada has agreed to buy online mattress seller Endy for $89 million. The two companies announced a deal Thursday evening that will see the retail mattress chain buy the Canadian mattress maker for $63.7 million in cash now, plus up to another $25 million in three years if certain growth and profitability targets are…
[ad_1] BRUSSELS (Reuters) – Will U.S. President Donald Trump’s much-heralded meeting with Chinese counterpart Xi Jinping in Argentina on Saturday lead to an easing of the Sino-U.S. trade conflict? FILE PHOTOS: Republican presidential nominee Donald Trump (L) holds a rally with supporters in Council Bluffs, Iowa, September 28, 2016 and Chinese President Xi Jinping waits…
[ad_1] (Reuters) – Wall Street was set to open lower on Friday as caution mounted ahead of a high-stakes U.S.-China trade meeting at the G20 Summit, whose outcome would determine if the trade war that has roiled financial markets would abate or worsen. Traders work on the floor at the New York Stock Exchange (NYSE)…
[ad_1] BUENOS AIRES (Reuters) – The leaders of Mexico, Canada and the United States signed a North American trade pact on Friday after brinkmanship over the final details of the deal continued through the eve of the signing. FILE PHOTO: Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan,…
[ad_1] SEATTLE/PARIS (Reuters) – Boeing Co (BA.N) is weighing plans to launch a software upgrade for its 737 MAX in six to eight weeks that would help address a scenario faced by the Lion Air crew during last month’s deadly crash in Indonesia, two people briefed on the matter said on Thursday. Crash investigators are…
[ad_1] BUENOS AIRES (Reuters) – A summit of the world’s top economies will open on Friday with leaders struggling over fallout from a U.S.-China trade war that has roiled global markets and bracing for the kind of divisive geopolitical drama that President Donald Trump often brings to the international stage. U.S. President Donald Trump and…
[ad_1] TOKYO/PARIS (Reuters) – French President Emmanuel Macron will discuss the Renault-Nissan alliance’s future with Japan’s prime minister at the G20 summit in Argentina on Friday, seeking to defuse a brewing diplomatic row over the balance of power inside the partnership. FILE PHOTO: French President Emmanuel Macron greets Japanese Prime Minister Shinzo Abe in the…
[ad_1] A founder-investor panel on augmented reality (AR) technology here at TechCrunch Disrupt Berlin suggests growth hopes for the space have regrouped around enterprise use-cases, after the VR consumer hype cycle landed with yet another flop in the proverbial ‘trough of disillusionment’. Matt Miesnieks, CEO of mobile AR startup 6d.ai, conceded the space has generally been on…
[ad_1] Bitcoins are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – Bitcoin fell as much as 7 percent on Friday BTC=BTSP, heading towards a recent one-year low in a broad-based selloff in cryptocurrencies. The world’s biggest and best-known cryptocurrency fell to $3,920.35 in late morning trade, heading towards a…
[ad_1] FRANKFURT (Reuters) – Police searched Deutsche Bank’s (DBKGn.DE) headquarters in Frankfurt for a second day on Friday over money laundering allegations linked to the Panama Papers and shares in the company fell to a record low. Police vehicles are parked in front of Deutsche Bank headquarters as roughly 170 criminal police officers, prosecutors and…
[ad_1] LONDON (Reuters) – The United States has filed criminal charges against British entrepreneur Mike Lynch over the $11 billion sale of Autonomy to Hewlett-Packard seven years ago, accusing him of making false statements that inflated the value of the software group. FILE PHOTO: Mike Lynch, Founder and Chairman of Autonomy Corporation, poses for photographers…
[ad_1] The oil price crisis in Western Canada could deepen next week depending on whether Saudi Arabia, Russia and other countries decide to cut oil production and — if so — by how much. Oil prices in Alberta are the lowest they have been in more than a decade, selling for about $17 US per barrel for Western Canada Select,…
[ad_1] It is not unreasonable that the majority of Canadians and the 97 per cent of scientists who understand that climate change is real are feeling a certain amount of despair. Optimism following the 2015 Paris summit that the world could and would halt the growth of greenhouse gases in the earth’s atmosphere and slow the…
[ad_1] TOKYO (Reuters) – SoftBank chalked up another first in Japan on Friday, setting a single indicative price of 1,500 yen for its telco IPO rather than a price range as usual, pegging the deal at 2.4 trillion yen ($21.16 billion) in the country’s biggest-ever listing. FILE PHOTO – The logo of SoftBank Group Corp…
[ad_1] SINGAPORE (Reuters) – Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories. A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic…
[ad_1] LONDON/MILAN (Reuters) – With sluggish growth translating into the most disappointing earnings in years, European stocks are set for a tough ride if a full blown Sino-U.S. trade war erupts following Presidents Donald Trump and Xi Jinping’s G20 dinner on Saturday. FILE PHOTO: The BMW logo is seen on the second press day of…
[ad_1] TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe and French President Emmanuel Macron were arranging to meet on the sidelines of the G20 summit meeting, media said, amid signs of a brewing diplomatic feud over the power balance at the troubled Renault-Nissan alliance. FILE PHOTO: French President Emmanuel Macron greets Japanese Prime Minister Shinzo…
[ad_1] BUENOS AIRES/CHICAGO (Reuters) – A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina – a journey that only makes economic sense because of the U.S.-China trade war. FILE PHOTO: A view shows the port of Rosario, Argentina, on the shore of…
[ad_1] FILE PHOTO: French President Emmanuel Macron greets Japanese Prime Minister Shinzo Abe in the courtyard of the Elysee Palace in Paris, France, October 17, 2018. REUTERS/Gonzalo Fuentes TOKYO (Reuters) – No meeting has been set yet between Japanese Prime Minister Shinzo Abe and his French counterpart, a Japan’s government spokesman said, after media reported…
[ad_1] SHANGHAI (Reuters) – Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year. A man looks at an electronic stock quotation board showing Japan’s Nikkei average outside a brokerage…
[ad_1] FILE PHOTO: Shoppers walk outside a CVS store and pharmacy in Medford, Massachusetts, U.S. December 4, 2017. REUTERS/Brian Snyder WASHINGTON (Reuters) – In an unusual move on Thursday, a federal judge raised the prospect of not approving CVS Health Corp’s (CVS.N) deal to buy insurer Aetna Inc (AETN.F), which closed earlier this week, during…
[ad_1] SINGAPORE (Reuters) – Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check. A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve…
[ad_1] FILE PHOTO: Padmasree Warrior, CEO of NIO U.S., speaks during a Reuters Newsmaker event on the Future of Autonomous Vehicles in New York City, U.S. June 20, 2017. REUTERS/Brendan McDermid SHANGHAI (Reuters) – The U.S. head of Nio Inc (NIO.N), an electric carmaker seen as one of the main Chinese rivals to Tesla Inc…
[ad_1] SHANGHAI (Reuters) – China and the United States can reach a trade agreement at the G20 meeting in Argentina this week, the state-run China Daily newspaper said in an editorial on Friday, but Washington must be “fair minded” if it wants to defuse spiraling tensions. FILE PHOTO – U.S. President Donald Trump and China’s…
[ad_1] SINGAPORE (Reuters) – Oil prices firmed on Friday as traders expected OPEC and Russia to agree on production cuts next week, although swelling U.S. supplies kept markets in check. A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport,…
[ad_1] FILE PHOTO – Visitors in front of a Samsung logo during the preview day of the IFA trade show for consumer electronics and home appliances, in Berlin, Germany August 30, 2018. REUTERS/Christian Mang SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Friday it would cancel 4.9 trillion won ($4.4 billion) worth of…
[ad_1] SHANGHAI (Reuters) – Share markets ticked slightly lower in early Asian trade on Friday as investors await a closely watched meeting between the Chinese and U.S. presidents in Argentina this weekend for signs of a trade war detente. A plane flies over a G20 Summit banner at the Summit’s International Media Center in Buenos…
[ad_1] Canada’s oilfield services sector — a bellwether for the state of the oilpatch — is beginning to see job losses as the impact of steep discounts on Alberta oil ripple through the sector. Trican Well Service, according to the Financial Post, laid off 70 of its 2,200 employees this week, pointing to an anticipated slowdown in activity next year due to lower…
[ad_1] (Reuters) – AT&T Inc (T.N) said on Thursday it has committed to cutting its heavy debt load next year through a variety of measures, including a review of all of its non-core assets such as its stake in streaming video company Hulu for possible sale. An AT&T logo is pictured in Pasadena, California, U.S.,…
[ad_1] (Reuters) – HP Inc’s (HPQ.N) quarterly revenue beat analysts’ estimates on Thursday, driven by growth in its personal systems that sells notebooks and desktops and the acquisition of Samsung’s printer business. The Hewlett-Packard (HP) logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015.…
[ad_1] TOKYO (Reuters) – Japan’s stockbrokers are rubbing their hands ahead of SoftBank’s record-breaking $21 billion share sale, banking on the telco’s brand power and unprecedented marketing campaign to boost business in a country replete with IPO-hungry investors. FILE PHOTO – A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp…
[ad_1] Canadian youth get top marks for financial literacy, but more than one in ten 15 year olds struggle with basic financial skills. That’s according to the last assessment of financial literacy in teens by the Organisation for Economic Co-operation and Development. Judith Cane is an Ottawa-based professional money coach and sees it play out…
[ad_1] Since 2015, AWS has had a team of solution architects working with customers to make sure they are using AWS services in a way that meets best practices around a set of defined criteria. Today, the company announced a new Well Architected tool that helps customers do this themselves in an automated way without…
[ad_1] Alberta needs to buy as many as 7,000 railcars if it wants to be able to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley. In a speech to the Toronto Board of Trade, Notley says her province is prepared to buy roughly 80 locomotives, with…
[ad_1] There have never been more ways to pay for something as there are now and the oldest way — cash — is on the decline, especially in Canada. But some experts are raising concerns about the risks of a cashless society. Timothy Lane, deputy governor of the Bank of Canada, outlined a few reasons…
[ad_1] CIBC reported a higher fourth-quarter profit compared with a year ago, but fell shy of market expectations. The Toronto-based bank said Thursday the profit amounted to $1.27 billion or $2.80 per diluted share for the quarter ended Oct. 31, up from $1.16 billion or $2.59 per diluted share a year ago. On an adjusted…
[ad_1] AWS launched Lambda in 2015 and with it helped popularize serverless computing. You simply write code (event triggers) and AWS deals with whatever compute, memory and storage you need to make that work. Today at AWS re:Invent in Las Vegas, the company announced several new features to make it more developer friendly, while acknowledging…
[ad_1] NEW YORK (Reuters) – Wall Street turned positive on Thursday after the U.S. Federal Reserve released minutes of its latest policy meeting, while the dollar rose and Treasury yields softened after investors digested recent comments by Fed Chair Jerome Powell. World stocks were higher, but it was a mid-day recovery for U.S. stocks, which…
[ad_1] WASHINGTON (Reuters) – U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve posting its smallest annual increase since February. A customer makes a purchase at a Walmart store in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski…
[ad_1] Rogers Communications Inc. has sold online personal finance magazine MoneySense to Toronto-based fintech company Ratehub.ca for an undisclosed sum. Ratehub’s core product is a rate-comparing tool that gives the site’s readers recommendations about various financial products. More than 5 million Canadians visit the site every year, the company says. Ratehub was founded in 2010 and grew slowly…
[ad_1] Kafka is an open-source tool for handling incoming streams of data. Like virtually all powerful tools, it’s somewhat hard to set up and manage. Today, Amazon’s AWS is making this all a bit easier for its users with the launch of Amazon Managed Streaming for Kafka. That’s a mouthful, but it’s essentially Kafka as…
[ad_1] The sign outside the Jack in the Box is seen in Westminster, Colorado February 22, 2017. REUTERS/Rick Wilking (Reuters) – Jack in the Box Inc (JACK.O), a U.S. hamburger restaurant chain with more than 2,000 restaurants, is exploring options that could include a sale of the company after divesting its Qdoba brand earlier this…
[ad_1] WASHINGTON (Reuters) – The United States and China are exploring a trade deal in which Washington would suspend further tariffs through the spring of 2019 in exchange for new talks “looking at big changes in Chinese economic policy,” the Wall Street Journal reported on Thursday. The report, citing unnamed officials on both sides of…
[ad_1] WASHINGTON (Reuters) – The United States and China are exploring a trade deal in which Washington would suspend further tariffs through the spring of 2019 in exchange for new talks “looking at big changes in Chinese economic policy,” the Wall Street Journal reported on Thursday. The report, citing unnamed officials on both sides of…
[ad_1] LONDON (Reuters) – Unilever’s (ULVR.L) Chief Executive Paul Polman will step down next month after 10 years in the job, leaving insider Alan Jope to step into his shoes after the Anglo-Dutch group’s failed attempt to shift its headquarters. A UK investor revolt forced Polman and the Unilever board to scrap a plan in…
[ad_1] (Reuters) – U.S. stocks fell in choppy trading on Thursday as uncertainty over the outcome of a high-stakes meeting between the United States and China at the upcoming G20 Summit kept investors on the sidelines. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29,…
[ad_1] (Reuters) – U.S. stocks fell in choppy trading on Thursday as uncertainty over the outcome of a high-stakes meeting between the United States and China at the upcoming G20 Summit kept investors on the sidelines. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 29,…
[ad_1] STOCKHOLM/LOS ANGELES (Reuters) – Volvo Cars, owned by China’s Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn. FILE PHOTO: Hakan Samuelsson, President and Chief Executive Officer of Volvo,…
[ad_1] German authorities searched the headquarters of Deutsche Bank in Frankfurt and other offices on Thursday on the suspicion bank employees helped clients set up offshore companies in tax havens to launder hundreds of millions of euros, in an investigation brought about from an analysis of online document leaks. Nadja Niesen, Frankfurt prosecutors’ spokesperson, said the investigation…
[ad_1] Another price hike is on the way for Netflix Canada subscribers as competition heats up among the biggest streaming video services. The company behind Narcos and Orange Is the New Black is introducing its biggest price increase yet for both new subscribers and current members. The basic plan — which does not offer high-definition video and…
[ad_1] You could almost hear Albertans’ eyes roll in unison this week, as Unifor president Jerry Dias exited a meeting with Prime Minister Justin Trudeau, stood before the national press gallery and described the auto-manufacturing sector as the “most important industry in the country.” The sense out west was: Of course an Ontarian would say that. It’s understandable how…
[ad_1] TD Bank Group beat expectations as it reported a fourth-quarter profit of $2.96 billion, up from $2.71 billion in the same quarter a year ago. The bank said Thursday the profit amounted to $1.58 per diluted share for the three months ended Oct. 31, up from $1.42 per diluted share a year ago. On…
[ad_1] Asana, a service that teams and individuals use to plan and track the progress of work projects, is doubling down on its own project: to shape “the future of work,” in the words of co-founder and CEO Dustin Moskovitz. The startup, whose products are used by millions of free and paying users, today is…
[ad_1] LONDON (Reuters) – Oil reversed course and rose on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann The price is still set for its biggest one-month fall in…
[ad_1] (Reuters) – Anglo-Dutch consumer goods company Unilever (ULVR.L) said its CEO Paul Polman was retiring and would be replaced by the head of its beauty unit Alan Jope, 54, from January 1. Below are the main points from Jope’s biography. -Born in Scotland -Bachelor of Commerce with honors from Edinburgh University -Joined Unilever as…
[ad_1] BERLIN (Reuters) – Germany’s antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon (AMZN.O) is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace. FILE PHOTO: General view of the Amazon.de distribution centre in Bad Hersfeld September 22, 2014. REUTERS/Kai Pfaffenbach/File Photo The…
[ad_1] LONDON (Reuters) – Unilever (ULVR.L) Chief Executive Paul Polman is retiring less than two months after a damaging row with shareholders and will be succeeded in January by Alan Jope, the head of the Anglo-Dutch group’s beauty business. FILE PHOTO: Paul Polman, chief executive officer of Unilever Plc, attends the MEDEF union summer forum…
[ad_1] (Reuters) – Snap Inc (SNAP.N) has pinned its hopes on the over-35 crowd to revive user growth for its photo messaging app, a shift ad buyers said could backfire. A man takes a photograph of the front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of…
[ad_1] FRANKFURT (Reuters) – Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank (DBKGn.DE) offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor’s office said in a statement. Police walks in front of Deutsche Bank headquarters as roughly 170 criminal police officers, prosecutors and tax inspectors…
[ad_1] FRANKFURT (Reuters) – Roughly 170 criminal police officers, prosecutors and tax inspectors on Thursday searched six Deutsche Bank (DBKGn.DE) offices in and around Frankfurt on money laundering allegations, the Frankfurt public prosecutor’s office said in a statement. FILE PHOTO: A man walks past Deutsche Bank offices in London, Britain, December 5, 2013. REUTERS/Luke MacGregor…
[ad_1] It’s the final quarterly earnings season for the big banks in 2018, when Canada’s biggest lenders tip their hands to investors about how much money they’re making and where. The Bank of Nova Scotia kicked things off with its quarterly results on Tuesday, revealing it had earned $2.27 billion in the three-month period that closed at the end of…
[ad_1] New federal rules kicking in on Dec. 1 will set limits on farmers’ abilities to procure antibiotics for their livestock, a move intended to curb antibiotic resistance in humans and animals, and provide more oversight by veterinary professionals. But some producers are concerned it will just become more expensive to care for their herds. Since 2014, the World Health…
[ad_1] FILE PHOTO: A Gojek driver rides his motorcycle through a business district street in Jakarta, June 9, 2015. . REUTERS/Beawiharta SINGAPORE (Reuters) – Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging…
[ad_1] FILE PHOTO: Paul Polman, chief executive officer of Unilever Plc, attends the MEDEF union summer forum on the campus of the HEC School of Management in Jouy-en-Josas, near Paris, France, August 28, 2018. REUTERS/Benoit Tessier LONDON (Reuters) – Anglo-Dutch consumer goods company Unilever (ULVR.L) said its CEO Paul Polman was retiring, less than two…
[ad_1] FILE PHOTO: Paul Polman, chief executive officer of Unilever Plc, attends the MEDEF union summer forum on the campus of the HEC School of Management in Jouy-en-Josas, near Paris, France, August 28, 2018. REUTERS/Benoit Tessier LONDON (Reuters) – Anglo-Dutch consumer goods company Unilever (ULVR.L) said its CEO Paul Polman was retiring and would be…
[ad_1] FILE PHOTO: Bank of Japan’s (BOJ) new board member Takako Masai attends a news conference at the BOJ headquarters in Tokyo, Japan, June 30, 2016. REUTERS/Toru Hanai FUKUOKA, Japan (Reuters) – A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt…
[ad_1] (Reuters) – Tobacco company Altria Group Inc (MO.N) is in talks to take a minority stake of 20 to 40 percent in e-cigarette maker Juul Labs Inc, people familiar with the matter said on Wednesday. FILE PHOTO: An electronic cigarette device made by JUUL is shown in this picture illustration taken September 14, 2018.…
[ad_1] HONG KONG/BANGKOK (Reuters) – Fred Perrotta spent four years building a network of Chinese suppliers for his line of trendy backpacks, but as soon as the United States announced tariffs on almost half of its Chinese imports, he started looking for suppliers in other countries. FILE PHOTO – A truck driver runs past containers…
[ad_1] TOKYO (Reuters) – Asian stocks advanced on Thursday, tracking a surge on Wall Street, after the chairman of the U.S. Federal Reserve suggested it may nearing an end to its three-year rate tightening cycle, boosting interest in riskier assets. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan,…
[ad_1] WELLINGTON (Reuters) – Huawei Technologies Co Ltd said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network. FILE PHOTO: A man walks past a sign board of Huawei at CES (Consumer Electronics Show)…
[ad_1] SEOUL/SINGAPORE (Reuters) – Oil prices ticked higher on Thursday on optimism that trade talks at the G20 meeting could aid the global economy and improve the demand outlook, while an increase in U.S. crude inventories to their highest in a year curbed gains. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near…
[ad_1] LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk has scrapped plans for a high-speed passenger tunnel under the West side of Los Angeles but is moving ahead with a similar proposal across town designed to whisk baseball fans to and from Dodger Stadium. FILE PHOTO: Elon Musk arrives to speak at Boring Company community…
[ad_1] LOS ANGELES (Reuters) – Volkswagen VOWF_p.DE is deciding where to locate a new factory in North America to build electric vehicles for the U.S. market, the German automaker’s new head for the Americas said on Wednesday. FILE PHOTO: Volkswagen logos during the media day of the Salao do Automovel International Auto Show in Sao…
[ad_1] Newly manufactured cars are seen at the automobile terminal in the port of Dalian, Liaoning province, China October 18, 2018. REUTERS/Stringer WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S. tariffs on Chinese vehicles to the 40 percent duties that China is…
[ad_1] A Microsoft store is pictured in New York City, New York, U.S., August 21, 2018. REUTERS/Carlo Allegri (Reuters) – The U.S. Army said on Wednesday that it has awarded Microsoft Corp (MSFT.O) a $479.2 million contract to supply prototypes for the Army’s augmented reality systems helping soldiers in training and combat missions. The Army…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Thursday tracking a Wall Street rally as dovish comments from Federal Reserve Chair Jerome Powell boosted investor sentiment towards riskier assets. A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, November 13, 2018. REUTERS/Toru Hanai The dollar sagged against its peers…
[ad_1] BENGALURU (Reuters) – An end to the bull run in global stocks is not far away, according to a Reuters poll which also showed a broad cut to forecasts for next year on concerns over global growth and tightening financial conditions. FILE PHOTO – A graph indicating the Dow Jones Industrial Average is shown…
[ad_1] (Reuters) – Tiffany & Co (TIF.N) on Wednesday reported quarterly sales that missed estimates as Chinese tourists spent less than expected at the jeweler’s stores in the United States and Hong Kong, a shortfall that sent the company’s shares down as much 13 percent. FILE PHOTO: Tiffany & Co’s flagship store on Fifth Avenue…
[ad_1] NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank’s policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments that many investors read as signaling the Fed’s three-year tightening…
[ad_1] (Reuters) – A group of Jewish Americans sued Airbnb Inc on Wednesday in U.S. federal court, accusing the home rental company of religious discrimination over its decision last week to remove listings for about 200 homes in the Israeli-occupied West Bank. FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in…
[ad_1] Cannabis company Newstrike Brands Ltd. has struck a deal to create co-branded edibles with Canadian specialty foods company Neal Brothers Inc., best known for its chips and salsa. Newstrike will own 60 per cent and Neal Brothers will own 40 per cent of a joint venture that will manufacture, distribute, market and sell cannabis-infused…
[ad_1] Stocks surged on Wall Street, powering a 600-point gain in the Dow Jones Industrial Average, after the head of the Federal Reserve hinted at slower interest rate increases. The market snapped higher shortly after noon Wednesday after Federal Reserve Chairman Jerome Powell suggested the central bank might consider a pause in its interest rate…
[ad_1] Martinrea International Inc. says it will be forced to close an automotive factory when General Motors winds down production at its Oshawa assembly plant next year in one of the clearest indications of the knock-on effects of the closure on suppliers. Rob Wildeboer, executive chairman of manufacturer Martinrea, says the company will have no…
[ad_1] AWS has always been the pure cloud vendor, and even though it has given a nod to hybrid, it is now fully embracing it. Today in conjunction with VMware, it announced a pair of options to bring AWS into the datacenter. Yes, you read it correctly. You can now put AWS into your data…
[ad_1] WASHINGTON (Reuters) – The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter. FILE PHOTO: Crews load and…
[ad_1] The concept of data lakes has been around for a long time, but being able to set up one of these systems, which store vast amounts of raw data in its native formats, was never easy. AWS wants to change this with the launch of AWS Lake Formation. At its core, this new service,…
[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 (SHLDQ.PK) Chairman Eddie Lampert’s hedge fund and Cyrus Capital Partners LP are preparing a potential takeover bid to keep the bankrupt retailer…
[ad_1] AWS announced a new time series database today at AWS re:Invent in Las Vegas. The new product called DynamoDB On-Demand is a fully managed database designed to track items over time, which can be particularly useful for Internet of Things scenarios. “With time series data each data point consists of a timestamp and one…
[ad_1] Alberta Premier Rachel Notley said today her government is only weeks away from finalizing a purchase of rail cars to move oil and help close massive price gaps that have short-changed government coffers and Canadian oil producers. She also said she wants the federal Liberal government to contribute financially to the plan. “We’re not wasting…
[ad_1] One of the challenges just about every business faces is converting forms to a useful digital format. This has typically involved using human data entry clerks to enter the data into the computer. State of the art involved using OCR to read forms automatically, but AWS CEO Andy Jassy explained that OCR is basically just…
[ad_1] Global credit rating agency DBRS is warning that if Canada’s crude oil price woes drag on without improvement, it could negatively affect the credit ratings of energy companies that rely on Western Canadian oil. The Toronto-based firm said in a commentary Wednesday that while global and U.S. oil prices have dropped, Western Canadian producers have been under even…
[ad_1] AWS is not content to cede any part of any market to any company. When it comes to machine learning chips, names like Nvidia or Google come to mind, but today at AWS re:Invent in Las Vegas, the company announced a new dedicated machine learning chip of its own called Inferentia. “Inferentia will be a…
[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 (Reuters) – State-owned Israel Aerospace Industries (IAI) said on Wednesday it signed an agreement with U.S. planemaker Boeing Co (BA.N) last week to cooperate on commercial…
[ad_1] It was only a year ago that AWS CEO Andy Jassy said that he wasn’t all that interested in blockchain services. Clearly something has changed over the course of the last year because today, the company is launching two new blockchain services: Quantum Ledger Database and Amazon Managed Blockchain. As the name implies, AWS…
[ad_1] WASHINGTON (Reuters) – The U.S. faces only moderate financial risks despite elevated asset prices and concern over the possible impact of rising corporate debt, U.S. Fed chairman Jerome Powell said on Wednesday as the central bank released a broad overview of the health of credit markets and the financial system. The Federal Reserve building…
[ad_1] Amazon has had storage options for Linux file servers for some time, but it recognizes that a number of companies still use Windows file servers, and they are not content to cede that market to Microsoft. Today the company announced Amazon FSx for Windows File Server to provide a fully compatible Windows option. “You get…
[ad_1] FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., September 26, 2018. REUTERS/Al Drago/File Photo NEW YORK (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday that while there was “a great deal to like” about…
[ad_1] There was something missing at the luxury jeweler Tiffany & Co. in recent months: Chinese tourists. While the company said Wednesday that third-quarter revenue rose four per cent to just above $1 billion US, industry analysts were anticipating a bigger boost. Some of that unexpected drag has occurred as tourists, particularly Chinese tourists, pull back…
[ad_1] WASHINGTON, Nov 28 (Reuters) – Sales of new U.S. single-family homes tumbled to a more than 2-1/2-year low in October amid sharp declines in all four regions, further evidence that higher mortgage rates were hurting the housing market. A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, outside…
[ad_1] Canada’s overall vacancy rate dropped for a second year in a row, as demand for rental housing grew at a faster pace than supply, according to the Canada Mortgage Housing Corp. In its annual rental market survey, the housing agency says that in 2018, the vacancy rate was 2.4 per cent, down from three…
[ad_1] STUTTGART (Reuters) – Daimler (DAIGn.DE) will start building electric cars in China next year as a way to meet Beijing’s stringent anti-pollution quotas for carmakers, even as demand for conventional models like the Mercedes-Benz Maybach remains strong. FILE PHOTO: The Daimler is seen during a press conference on the second press day of the…
[ad_1] Royal Bank of Canada reported a 15 per cent increase in fourth-quarter net income to $3.25 billion, surpassing analyst expectations to mark a new record annual profit of $12.4 billion. The Toronto-based bank’s results for the three-month period ended Oct. 31 were driven by strong performances in its personal and commercial banking, capital markets,…
[ad_1] (Reuters) – Wall Street was set to open higher on Wednesday on hopes of a trade truce between the United States and China at the G20 Summit, while investors looked forward to Fed Chairman Jerome Powell’s speech for clues on the path of interest rate hikes. FILE PHOTO: Traders work on the floor of…
[ad_1] DETROIT (Reuters) – General Motors Co’s monumental announcement on Monday that it will close three car assembly plants in North America and slash its workforce will only partially close the gap between capacity and demand for the automaker’s sedans, according to a Reuters analysis of industry production and capacity data. FILE PHOTO: The GM…
[ad_1] MEDIA, PENNSYLVANIA (Reuters) – Energy Transfer LP (ET.N) and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the nation’s largest natural gas pipelines, according to a Reuters analysis of government data and regulatory records. Construction takes place after sinkholes appeared in…
[ad_1] A Tiffany & Co. logo on a mug is pictured in Pasadena, California, U.S., November 28, 2017. REUTERS/Mario Anzuoni (Reuters) – Tiffany & Co (TIF.N) missed estimates for quarterly same-store sales on Wednesday, hit by lower-than-expected spending by Chinese tourists at its U.S. and Hong Kong stores. Tiffany’s comparable-store sales, excluding the impact of…
[ad_1] PARIS (Reuters) – AXA (AXAF.PA), Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. FILE PHOTO: A logo of insurer AXA at the company’s offices in Brussels, Belgium, March…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) head of the Americas, Tom Patrick, is likely to leave the bank, possibly by the end of the year, two people with knowledge of the matter said on Wednesday. FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank’s office buildings in…
[ad_1] After nearly 30 years at the General Motors plant in Windsor, Ont., having been employed there all of his adult working life, Duncan St. Amour was left with one terrifying question when its closure was announced: What do I do now? It was 2008 when it was revealed that the transmission plant would be shutting down…
[ad_1] On average, parents will post more than 1,000 images of their children online before they’re old enough to have their own social media accounts, according to a new report on the digital lives of kids. And by 18, those kids will have created upward of 70,000 posts themselves. But the unknown consequences of such an unprecedented “digital footprint” — which…
[ad_1] At one time, Donald Trump’s words sounded reassuring to Tommy Wolikow. Now more than a year later, they just torment him. “Don’t move, don’t sell your house,” the U.S. president urged a cheering crowd in Youngstown, Ohio, in July 2017, promising to resurrect the region’s dwindling manufacturing jobs. “They’re all coming back.” Wolikow, a 36-year-old father…
[ad_1] NEW YORK (Reuters) – Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday. FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus…
[ad_1] WELLINGTON (Reuters) – New Zealand’s intelligence agency has rejected the telecom industry’s first request in the country to use 5G equipment provided by China’s Huawei Technologies Co Ltd, citing concerns about national security. FILE PHOTO: A woman stands at the booth of Huawei featuring 5G technology at the PT Expo in Beijing, China September…
[ad_1] TOKYO (Reuters) – Nissan Motor Co’s (7201.T) auditor had repeatedly questioned transactions at the heart of allegations of financial misconduct by former chief Carlos Ghosn but Nissan said they were proper, a person with direct knowledge of the matter said on Wednesday. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends…
[ad_1] RIO DE JANEIRO (Reuters) – Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 collision between two tankers was not reported, according to a Reuters review of government and shipping records. FILE PHOTO:…
[ad_1] FILE PHOTO – A view of the main entry way at the Oshkosh plant in Wisconsin October 12, 2011. REUTERS/Darren Hauck WASHINGTON (Reuters) – Oshkosh Corp (OSK.N) has been awarded a $1.7 billion modification to a U.S. defense contract to exercise options for 6,107 vehicles and 22,166 kits, the Pentagon said on Tuesday. Reporting…
[ad_1] BEIJING (Reuters) – Chinese authorities announced a broad crackdown on China’s ride-hailing industry on Wednesday, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year. FILE PHOTO: The company logo of the Didi ride hailing app is seen on a car door at the IEEV New…
[ad_1] FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File photo LAS VEGAS (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it was starting a new antenna service for uploading and downloading data from satellites, in a bid to lure space industry and…
[ad_1] HONG KONG (Reuters) – Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away. FILE PHOTO – A ferry sails at Victoria Harbour in front of the…
[ad_1] NEW YORK/SAN FRANCISCO (Reuters) – Sears Holdings Corp (SHLDQ.PK) won court approval on Tuesday for $350 million in critical bankruptcy financing that will keep the 125-year-old retailer operating through the holidays while it attempts to reorganize. FILE PHOTO: The Sears logo is seen outside a store in Brooklyn, New York, U.S., October 10, 2018.…
[ad_1] FILE PHOTO – A car with the BMW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst LOS ANGELES (Reuters) – BMW (BMWG.DE) is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said…
[ad_1] NEW YORK (Reuters) – A federal appeals court on Tuesday revived for a second time a 11-year-old defamation lawsuit by bedding retailer Mattress Firm Inc against adjustable bed maker Sleep Number Corp (SNBR.O). A Mattress Firm store, a brand owned by Steinhoff, is shown in Encinitas, California, U.S., January 25, 2018. REUTERS/Mike Blake The…
[ad_1] Come this time next year, thousands of Ontario General Motors workers will be facing the stark reality that their time at the Oshawa assembly plant is coming to an end. The automotive giant confirmed yesterday that the plant is one of six that will close in North America. GM said it’s all part of a global…
[ad_1] SYDNEY (Reuters) – Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute. An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China September 7, 2018. REUTERS/Aly…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump threatened on Tuesday to eliminate subsidies for General Motors Co in retaliation for the automaker cutting U.S. jobs and plants, and the automaker also took fire from Canadian political and labor leaders for cutbacks there. “The U.S. saved General Motors, and this is the THANKS we get!…
[ad_1] Alimentation Couche-Tard Inc. beat revenue expectations as the Quebec-based retailer’s net earnings rose nine per cent in its most recent quarter thanks in part to acquisitions, improved fuel sales and lower taxes. The world’s second-biggest convenience store operator, which reports in U.S. dollars, said its net earnings attributable to shareholders were $473.1 million US or 84…
[ad_1] WASHINGTON (Reuters) – A Republican lawmaker wants to change a single word in the Trump administration’s farm aid program saying some soybean growers in Louisiana cannot qualify for the payments designed to offset farmers’ losses from tariffs against China. FILE PHOTO: Meagan Kaiser shows off a Soybean plant around 45-days before harvest on her…
[ad_1] FILE PHOTO: U.S. President Donald Trump gestures with Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve at the White House in Washington, U.S., November 2, 2017. REUTERS/Carlos Barria WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday reiterated his criticism of Federal Reserve Chairman Jerome Powell, saying rising interest rates…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war. All three of Wall Street’s major…
[ad_1] GM workers gather for a meeting at UNIFOR Local 222 near the General Motors’ assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos Osorio TORONTO (Reuters) – Workers returned to the assembly line at General Motors’ (GM.N) Oshawa, Ontario, plant on Tuesday, a local union leader said, after walking out on Monday to…
[ad_1] FILE PHOTO – Facebook signs are seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 5, 2018. REUTERS/Aly Song (Reuters) – A former Facebook Inc employee who worked closely with racial minority groups said in a blog post here on Tuesday that he left…
[ad_1] Today at AWS Re:invent in Las Vegas, AWS announced a new service for satellite providers with the launch of AWS Ground Station, the first fully-managed ground station as a service. With this new service, AWS will provide ground antennas through their existing network of worldwide availability zones, as well as data processing services to…
[ad_1] U.S. President Donald Trump said Tuesday that he was “very disappointed” that General Motors was closing plants in the United States and warned that the White House was “now looking at cutting all GM subsidies,” including for its electric cars program. Trump unleashed on Twitter a day after GM announced it would shutter five…
[ad_1] Three days away from the target date for all three countries to officially sign the revised North American trade agreement, Canada and the United States are still haggling over what the deal actually says. An annex on duties Canada imposes on U.S. dairy, egg and poultry products that was posted online by the Trump administration…
[ad_1] Free trade agreements with Europe and the United States prevent Via Rail from favouring Bombardier in the awarding of contracts, federal Transport Minister Marc Garneau says. Garneau reacted this morning to a report that Via Rail is preparing to award a $1-billion contract for new trains to the German firm Siemens AG. La Presse…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump is prepared to hike tariffs on Chinese imports if there is no breakthrough on longstanding trade irritants during a Saturday night dinner with Chinese leader Xi Jinping, White House economic adviser Larry Kudlow said on Tuesday. FILE PHOTO – White House chief economic adviser Larry Kudlow speaks…
[ad_1] Federal back-to-work legislation may have ended rotating strikes by postal workers — but their union now says it’s switching to a campaign of “non-violent civil disobedience” to press its contract claims. In a statement issued Tuesday, Canadian Union of Postal Workers Union (CUPW) National President Mike Palecek said that while legal strike action is ending, the pressure campaign…
[ad_1] The president of the largest private sector union in Canada meets with Prime Minister Justin Trudeau today, still vowing to ramp up pressure on General Motors to shift production of another vehicle to Oshawa to stave off the closure of its plant there. Jerry Dias leads Unifor, the successor to the now-defunct Canadian Auto…
[ad_1] MOSCOW (Reuters) – Russian businessman Vladimir Potanin plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel (GMKN.MM) from fellow investor Roman Abramovich, representatives at Potanin’s investment firm said on Tuesday. FILE PHOTO: Vladimir Potanin, co-owner of Norilsk Nickel, attends an agreement signing ceremony with the…
[ad_1] Senators voted in favour of the Liberal government’s legislation to force Canada Post employees back to work — a move that was quickly given royal assent. The vote on Monday evening, passed by a margin of 53 to 25 with four senators abstaining, ends a series of rotating strikes at Canada Post as the walkouts enter their sixth week. Canada Post…
[ad_1] Red Hat is in the process of being acquired by IBM for a massive $34 billion, but that deal hasn’t closed yet and, in the meantime, Red Hat is still running independently and making its own acquisitions, too. As the company today announced, it has acquired Tel Aviv-based NooBaa, an early-stage startup that helps enterprises…
[ad_1] After 27 years of business in Charlottetown, Diversified Metal Engineering has been suddenly thrown into receivership. Workforce and Advanced Learning Minister Sonny Gallant and Economic Development and Tourism Minister Chris Palmer issued a written statement Monday night, saying they were aware DME’s P.E.I. operations are under receivership. “This is disappointing news, particularly for the affected employees and…
[ad_1] Scott Thomas knows what it’s like to lose a child on Saskatchewan highways — his son, Evan, was killed in the April 6 Humboldt Broncos bus crash. What Thomas doesn’t understand is why the provincial government still allows new semi drivers to hit the road with no training. Seven months after the crash, training…
[ad_1] Some consolidation is afoot in the world of business software. TechCrunch has learned that Parallels, the virtualization specialist with millions of users, is getting acquired by Corel, the Canadian company behind design apps like CorelDraw and other productivity apps like WordPerfect. Some employees at Parallels have already been briefed on the acquisition, which is…
[ad_1] Facebook came under fire on Tuesday from lawmakers from several countries — including Canada — who accused the firm of undermining democratic institutions and lambasted chief executive Mark Zuckerberg for not answering questions on the matter. Facebook is being investigated by lawmakers in Britain after consultancy Cambridge Analytica, which worked on Donald Trump’s presidential campaign,…
[ad_1] The Bank of Nova Scotia’s fourth-quarter earnings got a lift from its international operations, but fell just shy of expectations as Canada’s third-largest lender announced a plan to sell its banking operations in nine Caribbean countries. Scotiabank said Tuesday it has signed an agreement to sell its banking operations in nine markets — including…
[ad_1] BRUSSELS (Reuters) – The European Union called on Washington on Tuesday to start talking over ways of reforming the World Trade Organization to prevent a paralysis of the international body. European Trade Commissioner Cecilia Malmstrom attends an interview with Reuters in Geneva, Switzerland June 4, 2018. REUTERS/Denis Balibouse – RC1E163C7000 The EU published proposals…
[ad_1] NEW YORK (Reuters) – When cryptocurrency issuers want positive coverage for their virtual coins, they buy it. Co-founder and CFO Alexander Thoma of Swiss Blockchain-Asset Rating Company Alethena, co-founder and President Pascal Marco Caversaccio, co-founder and CEO Markus Hartmann, CSO Benjamin Rickenbacher and co-founder and COO Tim Glaus pose for a photograph in their…
[ad_1] BERLIN (Reuters) – The chief executive of Germany’s Lufthansa (LHAG.DE) said he expects the company to take part in more consolidation in the industry that will eventually leave three global carriers in Europe. FILE PHOTO: A Lufthansa Airbus A330-300 aircraft, March 27, 2018. REUTERS/Darrin Zammit Lupi/File Photo “There are way too many players in…
[ad_1] DUBAI (Reuters) – DBS (DBSM.SI), Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East by 2023, capitalizing on a shift of investments towards Asia. FILE PHOTO: A logo of DBS is pictured outside an office in…
[ad_1] The federal watchdog that handles customer complaints about telecommunications and television services in Canada saw a 57 per cent spike in complaints in 2017-2018, most of them involving wireless providers. The Commission for Complaints for Telecom-Television Services said Tuesday that it also expects to see complaints rise this year. For the first time, the federal…
[ad_1] An H&M sign is pictured during Black Friday shopping in New York City, New York, U.S., November 23, 2018. REUTERS/Carlo Allegri STOCKHOLM (Reuters) – H&M HMB.ST, the world’s second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday. H&M in 2008 bought Fabric Scandinavien AB, the owner of…
[ad_1] LONDON (Reuters) – Stock markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week. The German share price index DAX graph is pictured at the stock exchange in Frankfurt,…
[ad_1] FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay/File Photo (Reuters) – British and Dutch regulators on Tuesday fined ride-hailing service Uber Technologies Inc for failing to protect customers’ personal information during a 2016 cyber attack involving millions of users. The Information Commissioner’s Office…
[ad_1] “It could have been worse,” will be of no comfort to those affected by the shutdown and job losses at General Motors. It has been a shock to affected families and to the communities where plants are closing. “It’s going to affect the province, it’s going to affect the region,” said Oshawa, Ont., mayor John Henry after…
[ad_1] SINGAPORE (Reuters) – Oil prices slipped on Tuesday, weighed down by record Saudi Arabian production even as OPEC’s top producer pushes for supply cuts ahead of the group’s meeting in Austria next week. FILE PHOTO: Oil tankers wait to dock at Tupras refinery near the northwestern Turkish city of Izmit, Turkey, June 28, 2017.…
[ad_1] Journalists wait for Mitsubishi Motors Corp’s President and CEO Osamu Masuko at a showroom of the company’s headquarters in Tokyo, Japan November 26, 2018. REUTERS/Toru Hanai OKAZAKI, Japan (Reuters) – A top executive at Mitsubishi Motors Corp said on Tuesday that the days of a single automaker being able to develop new technologies on…
[ad_1] LONDON (Reuters) – Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms. FILE PHOTO: Shell’s Brent Delta oil platform is towed into Hartlepool, Britain May 2, 2017. REUTERS/Darren Staples/File Photo It…
[ad_1] FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/File Photo TOKYO (Reuters) – Japanese chat app operator Line Corp (3938.T) announced a tie-up with China’s Tencent Holdings (0700.HK) to offer mobile payment services, and plans to set up a bank…
[ad_1] MANILA/BEIJING (Reuters) – Chinese steel producers ran up losses for the first time in three years this month as prices slid into a bear market on weak demand and near-record supply, ending years of solid profit margins. FILE PHOTO: A man works in front of a furnace at a steel plant of Dalian Special…
[ad_1] Tonight at AWS re:Invent, the company announced a new tool called AWS Transit Gateway designed to help build a network topology inside of AWS that lets you share resources across accounts and bring together on premises and cloud resources in a single network topology. Amazon already has a popular product called Amazon Virtual Private…
[ad_1] FILE PHOTO: A man finishes charging his Tesla car at a charging point outside Tesla China headquarters in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – Tesla Inc’s (TSLA.O) vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Tuesday,…
[ad_1] FILE PHOTO: A man finishes charging his Tesla car at a charging point outside Tesla China headquarters in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – Tesla Inc (TSLA.O) sold just 211 cars in China last month, a sharp drop versus a year ago, the country’s passenger car association told Reuters…
[ad_1] Many AWS customers have to run in multiple zones for many reasons including performance requirements, regulatory issues or fail-over management. Whatever the reason, AWS announced a new tool tonight called Global Accelerators designed to help customers route traffic more easily across multiple regions. Peter DeSantis, VP of global infrastructure and customer support at AWS…
[ad_1] SYDNEY (Reuters) – Asian share markets struggled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region. An investor sits in front of displays showing stock information at a brokerage office in Beijing, China October 11,…
[ad_1] The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato (Reuters) – Home-renting company Airbnb Inc on Monday hired Amazon.com Inc (AMZN.O) veteran Dave Stephenson as chief financial officer (CFO), ahead of a widely anticipated initial public offering next year. Stephenson’s departure was followed by the…
[ad_1] SHANGHAI (Reuters) – Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd (BABA.N) and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. FILE PHOTO: Alibaba Group co-founder and Executive Chairman Jack Ma attends the World Trade…
[ad_1] BUENOS AIRES/CHICAGO (Reuters) – Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the South American country’s international trade secretary, Marisa Bircher, said. A worker handles beef carcasses at the Ecocarne Meat Plant slaughterhouse…
[ad_1] FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, speaks 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) – Carlos Ghosn, the former chairman of Nissan Motor Co, shifted personal investment losses…
[ad_1] (Reuters) – United Technologies Corp (UTX.N) said on Monday it would separate into three companies consisting of its aerospace, elevators and building divisions, making it the latest industrial conglomerate to pursue such a break-up. FILE PHOTO: United Technologies logo is displayed on a screen at the post where it’s stock is traded on the…
[ad_1] DETROIT (Reuters) – General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. GM’s actions add up to the biggest restructuring for the U.S. No. 1 carmaker since…
[ad_1] (Reuters) – United Technologies Corp (UTX.N) said on Monday it would separate into three independent companies consisting of its aerospace units, Otis elevators division and Carrier air-conditioning business, as the industrial conglomerate bows to pressure from activist investors. FILE PHOTO: United Technologies logo is displayed on a screen at the post where it’s stock…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent and repeated his threat to slap tariffs on all remaining imports from China. Shipping containers are seen at a port in Shanghai,…
[ad_1] NEW YORK (Reuters) – Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. The S&P 500 and the Dow Jones Industrial Average rose about 1.5 percent, while the Nasdaq advanced more than 2 percent.…
[ad_1] Alberta is launching a trade challenge against Ontario over liquor policies that allegedly discriminate against Alberta’s small brewers. “It doesn’t make sense that it’s easier to sell Alberta beer in Tokyo than in Toronto,” Alberta Economic Development and Trade Minister Deron Bilous said Monday. “We are asking for equitable market access in Ontario so Alberta’s…
[ad_1] The sudden announcement that General Motors will stop making cars in Oshawa, Ont. after next year sent shockwaves through the industry on Monday. The impact of GM’s move could extend far beyond the borders of the community east of Toronto that has been synonymous with auto manufacturing for the past 65 years. Joe McCabe, CEO of Pennsylvania-based consultancy…
[ad_1] A group of Second Cup Ltd. franchisees is suing the struggling Canadian coffee chain, alleging the company’s actions have been detrimental to them. The current and past franchisees outline a long list of complaints against their franchisor in a lawsuit filed earlier this month in the Superior Court of Quebec. None of the allegations…
[ad_1] U.S. President Trump talks to reporters as he departs the White House for travel to Mississippi in Washington, U.S. November 26, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – U.S. President Donald Trump told the Wall Street Journal on Monday that General Motors Co should stop making cars in China and make them in the United…
[ad_1] DETROIT/WASHINGTON (Reuters) – General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The announcement is the biggest North America restructuring for the U.S. No. 1…
[ad_1] The daughter of a Kingston, Ont., senior who lost $250,000 after his trusted accountant encouraged him to invest in a “questionable” financial scheme says police did little to investigate when the suspected fraud was reported, despite all kinds of suspicious documents and the loss of the bulk of her father’s retirement savings. “I approached the…
[ad_1] Thousands of General Motors assembly plant workers in Oshawa, Ont., halted production this morning before hearing the devastating news that the automaker plans to close the facility in 2019 as part of a global restructuring plan. It’s not clear how many of the 2,500 employees will lose their jobs under the sweeping strategy, which aims…
[ad_1] The federal agency that oversees offshore petroleum leasing has received comment on Arctic Ocean drilling from a surprise source — NASA. Alaska’s Energy Desk reports that the Bureau of Ocean Energy Management asked for comment as the Trump administration considers a 2019 lease sale in the Beaufort Sea. A letter from NASA says Beaufort…
[ad_1] Prime Minister Justin Trudeau said today the federal government will do what it can to help laid-off GM workers in Oshawa “get back on their feet,” while federal Innovation Minister Navdeep Bains said Ottawa stands ready to assist those workers any way it can. But both federal and provincial governments are signalling there’s little they can…
[ad_1] BRUSSELS (Reuters) – Deutsche Telekom (DTEGn.DE) will win unconditional EU antitrust approval to buy Tele2’s (TEL2b.ST) Dutch business, sources familiar with the matter said on Monday, sending telecoms shares higher on hopes of more flexible regulation on consolidation. FILE PHOTO: A Deutsche Telekom logo at the Mobile World Congress in Barcelona, Spain, February 26,…
[ad_1] NEW YORK (Reuters) – Oil prices rose about three percent on Monday, clawing back some of the previous session’s steep losses, although uncertainty over global economic growth and further signs of increasing supply put a cap on gains. FILE PHOTO: A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6,…
[ad_1] DETROIT/WASHINGTON (Reuters) – General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The General Motors assembly plant in Oshawa, Ontario, Canada November 26, 2018. REUTERS/Carlos…
[ad_1] (Reuters) – Cyber Monday online shopping frenzy kicked off with retailers offering a slew of discounts and free shipping, testing the limits of their e-commerce operations as they take millions of orders across the country. FILE PHOTO: Employees prepare items for shipping at the Newegg warehouse on Cyber Monday in City of Industry, California,…
[ad_1] The logo of Airbus is seen at the Airbus A330 final assembly line at Airbus headquarters in Colomiers, near Toulouse, France, November 26, 2018. REUTERS/Regis Duvignau TOULOUSE, France (Reuters) – The incoming chief executive of Europe’s Airbus hinted on Monday at a decision next year on whether to launch the A321XLR, a longer-range version…
[ad_1] Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash. Under the deal, Air Canada will also assume $1.9 billion of Aeroplan miles liability. The definitive agreement follows an announcement in August of a tentative sale. Air Canada says it has also signed…
[ad_1] TOULOUSE, France (Reuters) – Airbus (AIR.PA) delivered its first A330neo jet to TAP Portugal on Monday as it seeks to trump U.S. rival Boeing (BA.N) in the fiercely competitive battle at the lower end of the market for long-haul jets. An Airbus A330neo is pictured on its final assembly line at Airbus headquarters in…
[ad_1] PARIS (Reuters) – Kering said on Monday it would develop its own online shopping sites by 2020, ending an outsourcing joint-venture for brands like Balenciaga and showing how major luxury companies are speeding up e-commerce plans. FILE PHOTO: The logo of Kering is seen during the company’s 2015 annual results presentation in Paris, France,…
[ad_1] LONDON (Reuters) – Oil prices rose on Monday, scraping back some of the losses after the previous session’s near-7 percent fall, although a darkening demand outlook and uncertainty over global economic growth limited gains. FILE PHOTO: A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017 . REUTERS/Christian Hartmann/File…
[ad_1] TOULOUSE, France (Reuters) – Airbus (AIR.PA) is poised to resume stalled deliveries of jets to China’s debt-laden HNA Group, an Airbus schedule showed on Monday, but deliveries of over $1 billion of large jets remain behind schedule after months of wrangling over late payments. Visitors to an Airbus delivery center in Toulouse on Monday…
[ad_1] FILE PHOTO: Employees prepare items for shipping at the Newegg warehouse on Cyber Monday in City of Industry, California, U.S. November 28, 2016. REUTERS/Mario Anzuoni (Reuters) – U.S. shoppers who missed out on deals this past Black Friday are expected to flock to online sites Cyber Monday, testing the limits for some retailers that…
[ad_1] TOKYO (Reuters) – Mitsubishi Motors Corp said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct. Mitsubishi Motors Corp’s President and CEO Osamu Masuko bows as he speaks to the media after the company’s…
[ad_1] FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s SK Innovation (096770.KS) said on Monday it will spend 1.14 trillion won ($1.01 billion) to build its first electric vehicle (EV) battery plant in the United…
[ad_1] TOKYO (Reuters) – Mitsubishi Motors Corp said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on…
[ad_1] In the sword-and-dragon fantasy Game of Thrones that has captured a huge following of readers and television viewers, characters periodically share the ominous warning, “Winter is coming.” As oil plunges to new lows, as the U.S.-China trade war threatens global commerce, as interest rates rise, as Canadian house prices teeter and climate change menaces the world, the North American economy faces…
[ad_1] SYDNEY (Reuters) – Papua New Guinea (PNG) will uphold its agreement with China’s Huawei Technologies Co Ltd to build its internet infrastructure, a PNG government minister said on Monday, dismissing offers from Western countries to take on the work. A security guard stands near the entrance to the newly constructed International Convention Centre, which…
[ad_1] SINGAPORE (Reuters) – Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at…
[ad_1] TOKYO (Reuters) – Mitsubishi Motors Corp’s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event…
[ad_1] SINGAPORE (Reuters) – Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original…
[ad_1] TOKYO (Reuters) – Mitsubishi Motors Corp’s (7211.T) board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co (7201.T) last week for alleged financial misconduct. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In…
[ad_1] SINGAPORE (Reuters) – Oil prices clawed back some losses after a nearly 8 percent plunge in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the…
[ad_1] MOSCOW (Reuters) – Russia plans to impose stiffer fines on technology firms that fail to comply with Russian laws, sources familiar with the plans said, raising the stakes in the Kremlin’s fight with global tech giants such as Facebook (FB.O) and Google. FILE PHOTO: People release paper planes, symbol of the Telegram messenger, during…
[ad_1] MONTREAL/WASHINGTON (Reuters) – General Motors Co (GM.N) is set to make a major announcement on Monday that will affect its global operations and threatens to shutdown a big vehicle assembly plant in the province of Ontario, a Canadian union said on Sunday. FILE PHOTO: A line up of cars is seen on a road…
[ad_1] TOKYO (Reuters) – Asian stocks and U.S. equity futures posted modest gains on Monday on hopes of solid U.S. holiday sales, though plunging oil prices fanned worries about a dimming outlook for the global economy. Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato…
[ad_1] FILE PHOTO: A line up of cars is seen on a road after a shift change at the General Motors Car assembly plant in Oshawa, June 1, 2012. REUTERS/Mark Blinch MONTREAL (Reuters) – General Motors Co (GM.N) is set to make a major announcement on Monday that will affect its global operations, including auto…
[ad_1] FILE PHOTO – Nissan President and Chief Executive Officer Hiroto Saikawa reacts during a news conference after Japanese media reported that Nissan Chairman Carlos Ghosn will be arrested on suspicion of under-reporting his salary, at the company headquarters in Yokohama, south of Tokyo, Japan November 19, 2018. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Nissan…
[ad_1] Sources inside the government have confirmed that a General Motors plant in Oshawa is set to close. It’s unclear how many employees will lose their jobs, since this is part of a larger global restructuring plan, the sources said. In a statement, Unifor, the union representing auto workers at the plant, said they have not heard…
[ad_1] Cars pass under an overpass at the General Motors Car assembly plant in Oshawa, June 1, 2012. REUTERS/Mark Blinch/File Photo TORONTO (Reuters) – General Motors Co (GM.N) is planning to close all operations at a plant near Toronto and an announcement is expected on Monday, a local TV news channel reported on Sunday Citing…
[ad_1] SINGAPORE (Reuters) – Oil prices won back some ground after hefty losses on Friday, but remained under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. FILE PHOTO: Oil pours out of a spout from Edwin Drake’s original 1859 well that launched the modern petroleum industry at the…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N) and Daniel Loeb’s hedge fund Third Point LLC are close to an agreement over composition of the U.S. food company’s board of directors that will end a proxy contest that was due to come to a head this week, people familiar with the matter said on Sunday. FILE…
[ad_1] FILE PHOTO: The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 18, 2018. REUTERS/Brendan McDermid (Reuters) – Campbell Soup Co (CPB.N) and Daniel Loeb’s hedge fund Third Point LLC are close to an agreement over…
[ad_1] The publisher of the Winnipeg Free Press is questioning why Manitoba premier Brian Pallister is sounding off against a funding package to help Canada’s struggling news media sector. Without being prompted, Pallister told reporters Friday he was worried the independence of journalists would be compromised if a part of their paycheque is covered by Ottawa’s coffers. In response, Bob…
[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. Testing ‘Canada’s official florist’ After hearing from Marketplace viewers, we tested one of the biggest online florists to see if what we bought would match what we got. Ottawa-based Bloomex advertises “fast, fresh…
[ad_1] The street outside Calgary’s downtown Hyatt hotel was teeming with pro-oil demonstrators Thursday, forcing police to close traffic along a busy avenue as the growing crowd spilled over the sidewalks. While a business audience streamed inside the hotel to listen to the prime minister speak, the large crowd chanted, “Build that pipe!” and “Trudeau must go!” But amidst the rally’s clamour, there emerged…
[ad_1] ABU DHABI (Reuters) – Luxury carmaker Aston Martin (AML.L), has not yet seen a slowdown in its key markets and aims to more than double the number of cars it makes by 2025, its chief executive said on Sunday. FILE PHOTO: Andy Palmer, CEO of Aston Martin, poses for a photograph next to the…
[ad_1] French Finance Minister Bruno Le Maire attends a news conference about the situation with Renault, at the Bercy Finance Ministry in Paris, France, November 21, 2018. REUTERS/Christian Hartmann PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Sunday the government and Renault had yet to see evidence to support Nissan’s allegations of…
[ad_1] PARIS/TOKYO (Reuters) – Renault-Nissan executives will attempt this coming week to shield their joint operations from a looming power struggle between the carmakers, following alliance boss Carlos Ghosn’s shock arrest over misconduct allegations. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of…
[ad_1] WASHINGTON (Reuters) – When iPhone users want to edit blemishes out of their selfies, identify stars and constellations or simply join the latest video game craze, they turn to Apple Inc’s App Store, where any software application they buy also includes a 30 percent cut for Apple. FILE PHOTO: Customers walk past an Apple…
[ad_1] ZURICH (Reuters) – The chief executives of ABB (ABBN.S) and Siemens (SIEGn.DE) are traveling to Saudi Arabia to attend a supplier conference, just weeks after they pulled out of an investment event in the country following the death of a journalist. FILE PHOTO: Chief Executive Ulrich Spiesshofer of Swiss power technology and automation group…
[ad_1] KUALA LUMPUR (Reuters) – The office of former Malaysian premier Najib Razak ordered changes to a 2016 audit report of scandal-plagued state fund 1MDB, including removing mention of financier Low Taek Jho’s presence at a board meeting, authorities said. FILE PHOTO: Former Malaysian prime minister Najib Razak arrives in court in Kuala Lumpur, Malaysia…
[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) – Former Nissan chairman Carlos Ghosn, arrested last Monday on suspicion of financial misdoing, has denied the allegations against him, Japanese public broadcaster NHK said on Sunday.…
[ad_1] NEW YORK (Reuters) – The Thanksgiving Day and Black Friday kickoff of the U.S. holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones while sales and traffic at brick-and-mortar stores declined. The ongoing shift to online shopping has forced retailers across the…
[ad_1] Meet Upflow a French startup that wants to help you deal with your outstanding invoices — the company first started at eFounders. If you’re running a small business, chances are you’re either wasting a ton of time or a ton of money on accounts receivable. Most companies currently manage invoices using Excel spreadsheets, outdated…