[ad_1] NEW YORK (Reuters) – With Tesla Inc’s (TSLA.O) shares briefly dipping below the $300 level on Thursday, the electric carmaker ceded its seat as the most shorted U.S. stock to Amazon.com Inc (AMZN.O), according to data from financial technology and analytics firm S3 Partners. FILE PHOTO: A Tesla logo is seen in Los Angeles,…
[ad_1] WASHINGTON (Reuters) – Top NAFTA negotiators from Canada and the United States increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon. Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S.…
[ad_1] BOSTON (Reuters) – Funds run by BlackRock Inc (BLK.N) and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc (RGR.N) despite the company’s rare rejection of talks with the world’s top asset managers, disclosures to regulators on Thursday showed. FILE PHOTO: Rifles are seen at the Sturm, Ruger & Co., Inc.…
[ad_1] (Reuters) – Walmart Stores Inc (WMT.N) has significantly increased the selection of toys in its stores and online for the holiday season, a company executive said on Thursday, and is expanding its toy aisles in certain markets, all to lure shoppers after rival seller Toys R Us went out of business earlier this summer.…
[ad_1] WASHINGTON (Reuters) – Boeing Co (BA.N) has been awarded a $805 million contract for design, delivery and support of four MQ-25A unmanned air vehicles for the U.S. Navy, the Pentagon said in a statement on Thursday. The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas…
[ad_1] NEW YORK (Reuters) – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Thursday said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in Apple Inc (AAPL.O). FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge…
[ad_1] (Reuters) – Mattel Inc (MAT.O) said on Thursday Janet Hsu, the chief executive of Power Rangers owner Saban Brands, will join the Barbie doll maker as head of a newly created franchise division. FILE PHOTO: Janet Hsu, President and COO of Sanrio, which owns the Hello Kitty brand, speaks at the opening of “Hello!…
[ad_1] NEW YORK (Reuters) – The rally in U.S. stocks came to a halt on Thursday on new concerns that the U.S.-Chinese trade dispute will intensify, while economic turmoil in Argentina and Turkey sent those countries’ currencies tumbling. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August…
[ad_1] The growth of cloud services — with on-demand access to IT services over the Internet — has become one of the biggest evolutions in enterprise technology, but with it, so has the threat of security breaches and other cybercriminal activity. Now it appears that one of the leading companies in cloud services is looking…
[ad_1] LONDON (Reuters) – WPP (WPP.L) will name its unassuming former digital boss Mark Read as its new chief executive, tasked with turning around the world’s largest advertising group in the wake of Martin Sorrell’s departure, a city source told Reuters. FILE PHOTO: Mark Read, Co-Chief Operating Officer of advertising agency WPP leaves following their…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has told aides he wants to move ahead on a plan to impose tariffs on Chinese imports worth $200 billion next week, Bloomberg News reported, further ratcheting up trade tensions between the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port…
[ad_1] Argentina’s Central Bank on Thursday increased its benchmark interest rate to 60 per cent — the world’s highest — in an effort to halt a sharp slide in the value of the peso, which plunged to a new record low. The peso has tumbled more than 50 per cent so far this year, prompting…
[ad_1] The OpenStack Foundation today released the 18th version of its namesake open-source cloud infrastructure software. The project has had its ups and downs, but it remains the de facto standard for running and managing large private clouds. What’s been interesting to watch over the years is how the project’s releases have mirrored what’s been happening in…
[ad_1] BRUSSELS (Reuters) – The European Union’s detente on tariffs with the United States has not put to rest “profound disagreements” on trade policy, the European commissioner in charge of trade said on Thursday. U.S. President Donald Trump agreed in July to refrain from imposing car tariffs while the two sides sought to cut other…
[ad_1] Canadian stocks were dragged lower on Thursday by the energy sector after the Federal Court of Appeal ruled against the government’s approval of the Trans Mountain pipeline expansion. The move was a major blow to the federal government, which had approved the pipeline’s expansion in 2016 and sought to buy the project from the Canadian…
[ad_1] NEW YORK/BOSTON (Reuters) – Campbell Soup Co (CPB.N) said on Thursday it plans to sell its international and fresh refrigerated-foods units and left open the possibility of putting the whole company up for sale, following a months-long review and pressure from a hedge fund to sell itself outright. FILE PHOTO: Tins of Campbell’s Tomato…
[ad_1] Kinder Morgan Canada shareholders voted overwhelmingly Thursday to approve the sale of the Trans Mountain pipeline and expansion project to the Canadian government for $4.5 billion. The vote comes shortly after the Federal Court of Appeals quashed the federal government’s approvals to build the massive project, handing a huge victory to Indigenous groups and environmentalists opposed…
[ad_1] In a stunning blow, the Federal Court of Appeal has quashed the government’s approvals to build the Trans Mountain expansion project — a major victory for Indigenous groups and environmentalists opposed to the $7.4-billion project. In the decision released Thursday, and written by Justice Eleanor Dawson, the court found the National Energy Board’s assessment of…
[ad_1] TD Bank Group wrapped up a bullish third-quarter earnings season for Canada’s biggest lenders on Thursday with a profit of nearly $3.11 billion, a 12 per cent increase from last year that was supported by growth at its U.S. business and a strong domestic economy. “While we continue to see pockets of market uncertainty…
[ad_1] InVision today announced a newly expanded integration and strategic partnership with Atlassian that will let users of Confluence, Trello and Jira see and share InVision prototypes from within those programs. Atlassian’s product suite is built around making product teams faster and more efficient. These tools streamline and organize communication so developers and designers can…
[ad_1] LONDON (Reuters) – An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices. FILE PHOTO: Motor oil bottles are seen in the packaging plant at American Refining Group…
[ad_1] Canada’s gross domestic product was essentially flat in June but expanded at a 2.9 per cent pace in the spring, slightly less than economists expected. Statistics Canada reported Thursday that exports surged between April and June to their biggest increase in four years. Exports of energy products were especially strong, growing by 3.6 per cent. Household…
[ad_1] Canada’s gross domestic product was essentially flat in June but expanded at a 2.9 per cent pace in the spring, slightly less than what economists were expecting. Statistics Canada reported Thursday that exportss surged between April and June, to their biggest increase in four years. Energy products were especially strong. The 2.9 per cent pace…
[ad_1] (Reuters) – Abercrombie & Fitch Co (ANF.N) missed quarterly same-store sales estimates on Thursday, hurt by lower demand for its namesake line of apparel for teenagers and Hollister brand of surfwear. FILE PHOTO: Signage is seen at the Abercrombie & Fitch store on Fifth Avenue in Manhattan, New York City, U.S., February 27, 2017.…
[ad_1] (Reuters) – Discount store operator Dollar Tree Inc (DLTR.O) reported quarterly same-store sales on Thursday that fell short of estimates due to weak sales at its Family Dollar stores, sending its shares down 5 percent. FILE PHOTO: An advertising sign is pictured at a Dollar Tree store in Pasadena, California August 31, 2015. REUTERS/Mario…
[ad_1] WASHINGTON (Reuters) – Talks between Canada and the United States are intensifying as the two countries push to hammer out a deal on a revamped North American Free Trade Agreement by a Friday deadline, with both sides upbeat about the progress made so far. FILE PHOTO: Flags of the U.S., Canada and Mexico fly…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N) said on Thursday it would sell its international businesses and Fresh refrigerated-foods unit, following a months-long strategic review and pressure from hedge fund investors to sell the whole company. FILE PHOTO: Tins of Campbell’s Tomato Soup are seen on a supermarket shelf in Seattle, Washington, U.S. February 10,…
[ad_1] (Reuters) – Campbell Soup Co (CPB.N) has decided to sell its international businesses and Fresh refrigerated-foods unit, the Wall Street Journal reported on Thursday, following a months-long strategic review and pressure from hedge fund investors to sell the whole company. FILE PHOTO: Tins of Campbell’s Tomato Soup are seen on a supermarket shelf in…
[ad_1] LONDON (Reuters) – Stock market gains came to a grinding halt on Thursday, held back by concern that China will be left behind as the United States reaches trade agreements with other North American countries and Europe. The German share price index DAX is seen at the stock exchange in Frankfurt, Germany, August 23,…
[ad_1] MEXICO CITY (Reuters) – Mexico’s President Enrique Pena Nieto said on Wednesday that he is optimistic that the country will reach a trilateral deal on the North American Free Trade Agreement (NAFTA) with the United States and Canada. Mexican President Enrique Pena Nieto delivers a speech during a meeting with members of the National…
[ad_1] Buckle up: Now that Air Canada and WestJet have hiked their checked bag fees for economy fares, some airline experts predict charges for carry-on luggage could be next. “It’s only a matter of time,” said airline analyst, Fred Lazar. He believes higher checked bag fees will inspire even more people to stuff all their…
[ad_1] COPENHAGEN (Reuters) – U.S. authorities are closely following an investigation into Danske Bank (DANSKE.CO) over allegations that Denmark’s biggest lender had been involved in money laundering through its Estonian branch. Danske Bank sign is seen at the bank’s Estonian branch in Tallinn, Estonia August 3, 2018. REUTERS/Ints Kalnins Investors are watching for signs of…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that American and Canadian officials negotiating a revamped North American Free Trade Agreement (NAFTA) were probably set to meet a Friday deadline for an accord. U.S. President Donald Trump talks via speakerphone to Mexican President Enrique Pena Nieto to announce a deal to replace…
[ad_1] (Reuters) – Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment. Apple Inc (AAPL.O) led the technology sector’s advance, and the iPhone maker’s shares hit an all-time closing…
[ad_1] TOKYO (Reuters) – Asian stocks handed back earlier gains and fell on Thursday, FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru Hanai with Chinese markets fixed firmly on risks from the China-U.S. trade war and taking little comfort from an apparent…
[ad_1] SHANGHAI/BEIJING (Reuters) – China’s largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times. Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee…
[ad_1] (Reuters) – Apparel maker PVH Corp (PVH.N) reported a 38 percent rise in second-quarter profit on Wednesday and raised its earnings forecasts for the year, helped by higher sales of its Calvin Klein and Tommy Hilfiger brands. FILE PHOTO: Boards with Calvin Klein store logo are seen on a shopping center at the outlet…
[ad_1] TOKYO (Reuters) – Asian stocks surrendered earlier gains and dipped on Thursday, FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru Hanai with Chinese markets fixed firmly on risks from the Sino-U.S. trade war and taking little comfort from an apparent easing…
[ad_1] TOKYO (Reuters) – Asian stocks were mostly higher on Thursday, buoyed by a firmer finish on Wall Street, which hit record highs on expectations the North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions. FILE PHOTO: A man looks at an electronic stock quotation board outside…
[ad_1] (Reuters) – Apple Inc has acquired a startup focused on making lenses for augmented reality glasses, the company confirmed on Wednesday, a signal Apple has ambitions to make a wearable device that would superimpose digital information on the real world. The Apple logo is seen on a computer screen in this illustration photo taken…
[ad_1] KANSAS CITY (Reuters) – An annual U.S. soy exporters’ conference wrapped up on Wednesday without any known sales to Chinese buyers, in sharp contrast to previous years where billions of dollars of the main U.S. cash crop have been signed over to China in elaborate ceremonies. Members of a Chinese trade delegation look over…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Thursday as Wall Street hit record highs in the hope that the current North American Free Trade Agreement (NAFTA) negotiations will lead to a further easing of global trade tensions. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump has signed proclamations permitting targeted relief from steel and aluminum quotes from some countries, the U.S. Commerce Department said on Wednesday. FILE PHOTO: A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018. REUTERS/Aaron Josefczyk/File Photo Trump,…
[ad_1] SHANGHAI/BEIJING (Reuters) – China’s largest ride-hailing company Didi Chuxing has suspended its carpooling service after a passenger was killed, and is likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times. Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee…
[ad_1] WASHINGTON (Reuters) – The leaders of the United States and Canada expressed optimism on Wednesday that they could reach new NAFTA deal by a Friday deadline as negotiators prepared to talk through the night, although Canada warned that a number of tricky issues remained. Under pressure, Canada rejoined the talks to modernize the 24-year-old…
[ad_1] WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland said on Wednesday that NAFTA trade negotiations with the United States were at a “very intense moment” and Canada was looking for compromises that were “win-win” for all sides. Candian Foreign Minister Chrystia Freeland speaks to journalists outside the U.S. Trade Representative’s office in Washington, U.S.,…
[ad_1] (Reuters) – Panasonic Corp is to move its European headquarters from London to Amsterdam in October to avoid potential tax issues linked to Brexit, the Nikkei Asian Review s.nikkei.com/2wt6kal said on Thursday. A man is seen next to Panasonic Corp’s logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo Moving…
[ad_1] SAN FRANCISCO/WASHINGTON (Reuters) – An online army of skeptics and amateur sleuths that has spent years promoting bets against Tesla Inc senses an opportunity to renew pressure on the electric carmaker after the failure of Chief Executive Elon Musk’s plan to take it private. A go-private deal at $420 a share announced by Musk…
[ad_1] WASHINGTON (Reuters) – The leaders of the United States and Canada expressed optimism on Wednesday that NAFTA negotiations could meet a Friday deadline for a deal, although Canada warned that hard work on a number of tricky issues was still needed. Canada rejoined the talks to modernize the 24-year-old North American Free Trade Agreement…
[ad_1] WASHINGTON (Reuters) – The U.S. International Trade Commission said on Wednesday it would investigate whether certain Anheuser Busch InBev NV (ABI.BR) beverage dispensing systems and components infringe a Heineken NV (HEIN.AS) patent. View of the Anheuser-Busch InBev logo outside the brewer’s headquarters in Leuven, Belgium March 1, 2018. REUTERS/Francois Lenoir/File Photo Heineken alleges that…
[ad_1] NEW YORK (Reuters) – A major global stock index jumped to a 5-1/2-month high on Wednesday as optimism on the potential for U.S. trade deals cleared the path for technology stocks to resume their leadership mantle. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 28,…
[ad_1] MEXICO CITY (Reuters) – Mexico should seek exclusion from U.S. tariffs on steel imports before closing the renegotiation of the North American Free Trade Agreement (NAFTA), the country’s steel industry association CANACERO said in a statement on Wednesday. Citing national security concerns, U.S. President Donald Trump slapped tariffs on steel and aluminum at the…
[ad_1] Canada’s second-quarter growth figures on Thursday will provide the first glimpse of how the economy fared after the U.S. imposed tariffs on Canadian steel and aluminum imports in June. While economists expect June’s gross domestic product (GDP) reading on Thursday to show some impact from the tariffs, it won’t be enough to derail the robust growth that the…
[ad_1] WASHINGTON (Reuters) – U.S. federal regulators on Wednesday ordered BNP Paribas (BNPP.PA) to pay a $90 million civil penalty after settling charges against BNP Paribas Securities Corp [BNPPSS.UL] for attempted manipulation of the ISDAfix benchmark. A BNP Paribas logo is seen outside a bank office in Paris, France, August 6, 2018. REUTERS/Regis Duvignau/File Photo…
[ad_1] WASHINGTON (Reuters) – Canada said an agreement to salvage the trilateral North American Free Trade Agreement (NAFTA) is possible by a Friday deadline, but it will be hard work to resolve specific issues as talks with the United States entered a second day. FILE PHOTO: Chevrolet Equinox SUVs are parked awaiting shipment by CN…
[ad_1] (Reuters) – Sinclair Broadcast Group Inc (SBGI.O) said on Wednesday it has filed a counterclaim in a Delaware court to Tribune Media Co’s (TRCO.N) lawsuit filed in early August against the company claiming a breach of contract. FILE PHOTO: The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los…
[ad_1] (Reuters) – U.S. stocks rallied on Wednesday, with the S&P 500 and Nasdaq hitting all-time highs for the fourth session in a row, boosted by a jump in Amazon.com and Alphabet, and on optimism over trade talks between the United States and Canada. Traders work on the floor of the New York Stock Exchange…
[ad_1] The interconnectedness of the cloud has allowed us to share content widely with people inside and outside the organization and across different applications, but that ability has created a problem of its own, a kind of digital fragmentation. How do you track how that piece of content is being used across a range of…
[ad_1] PARIS (Reuters) – Amundi (AMUN.PA), Europe’s largest asset manager, is betting the U.S. stock market’s rally will continue through the second half of this year, though a slowdown is coming and European markets may outperform in 2019 and 2020. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] Google today announced that it is providing the Cloud Native Computing Foundation (CNCF) with $9 million in Google Cloud credits to help further its work on the Kubernetes container orchestrator and that it is handing over operational control of the project to the community. These credits will be split over three years and are meant to cover…
[ad_1] (Reuters) – The S&P 500 and the Nasdaq hit all-time highs for the fourth session in a row on Wednesday, boosted by a jump in Amazon.com and Alphabet, and on optimism over trade talks between the United States and Canada. Traders work on the floor of the New York Stock Exchange (NYSE) in New…
[ad_1] NEW YORK (Reuters) – A major global stock index rose slightly on Wednesday after three straight days of strong gains as investors braced for news on the United States’ trade relations with Canada and China. FILE PHOTO: A worker walks in a container area at a port in Tokyo, Japan January 25, 2016. REUTERS/Toru…
[ad_1] DSW Inc. says it will shutter its Town Shoes Ltd. brand and close all of its stores. The Ohio-based shoe retailer says increasing competition in the footwear market and “significant” operating losses are to blame. The company plans to close the 38 Town Shoes stores it operates in Canada by the end of its…
[ad_1] WASHINGTON (Reuters) – U.S. economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3 percent annual growth. People stream into the Apple store on 5th Avenue on Black Friday…
[ad_1] Air Canada says the personal information for about 20,000 customers “may potentially have been improperly accessed” via a breach in its mobile app, so the company has locked down all 1.7 million accounts as a precaution until customers change their passwords. The airline told customers in an email that it “recently detected unusual log‑in behaviour…
[ad_1] LONDON (Reuters) – Global stocks eased on Wednesday on uncertainty over Canada’s position in NAFTA, and with investors also nervous ahead of a deadline for the next round of China-U.S. tariffs next week. FILE PHOTO: A worker walks in a container area at a port in Tokyo, Japan January 25, 2016. REUTERS/Toru Hanai/File Photo…
[ad_1] BOSTON/CHICAGO (Reuters) – The family that controls Campbell Soup Co (CPB.N) looks to be on a collision course this week with new hedge fund investors pushing for the company to sell itself, heralding a potential proxy fight industry analysts have labeled the “fight of the fall.” FILE PHOTO: Tins of Campbell’s Tomato Soup are…
[ad_1] LONDON (Reuters) – Global stocks eased on Wednesday on uncertainty over Canada’s position in NAFTA, and with investors also nervous ahead of a deadline for the next round of China-U.S. tariffs next week. FILE PHOTO: A worker walks in a container area at a port in Tokyo, Japan January 25, 2016. REUTERS/Toru Hanai/File Photo…
[ad_1] Cloudian, a company that specializes in helping businesses store petabytes of data, today announced that it has raised a $94 million Series E funding round. Investors in this round, which is one of the largest we have seen for a storage vendor, include Digital Alpha, Fidelity Eight Roads, Goldman Sachs, INCJ, JPIC (Japan Post Investment Corporation),…
[ad_1] WASHINGTON (Reuters) – Canada and United States are set to tackle their contentious issues in bilateral talks on Wednesday, as the two nations work to salvage the North American Free Trade Agreement amid signs Ottawa was open to taking a more conciliatory approach. FILE PHOTO: Chevrolet Equinox SUVs are parked awaiting shipment by CN…
[ad_1] SEOUL/BEIJING (Reuters) – Hyundai Motor Co (005380.KS) plans to ship China-made cars to Southeast Asia, its China joint venture and two people familiar with the matter told Reuters, as a plunge in Chinese sales has left much of its massive local manufacturing capacity idled. FILE PHOTO: A labourer works at the main factory of…
[ad_1] HARTBEESFONTEIN, South Africa (Reuters) – Herman Pretorius is just the kind of white South African farmer U.S. President Donald Trump expressed concern for when he barged into the country’s delicate land reform debate by ordering an investigation into the “large-scale killing of farmers”. FILE PHOTO: Chickens are seen at a poultry farm at Hartbeesfontein,…
[ad_1] HONG KONG (Reuters) – Fast-food chain operator Yum China Holdings Inc (YUMC.N) has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia’s biggest deals this year, people with direct knowledge of the matter said. FILE PHOTO: Customers walk…
[ad_1] A private spat between Alberta and the federal government is becoming a public fight focused on Ottawa’s proposed clean fuel standard — a measure aimed at reducing greenhouse gas emissions with significant economic consequences for many industries, including the oil and gas sector. The Alberta government fears the new regulation could harm the province’s economy, which…
[ad_1] There are few things better than a hard deadline to concentrate the minds of a group of people trying to make a deal. Debra Steger, part of the Canadian team that hammered out the world’s most most massive and complicated trade deal of all time, the Uruguay Round that resulted in the World Trade Organization, knows that…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) has no plans to give up its global presence, Chief Executive Christian Sewing told a banking conference on Wednesday. Christian Sewing, new CEO of Germany’s Deutsche Bank, addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. REUTERS/Kai Pfaffenbach “Our global ambitions will not…
[ad_1] OSLO (Reuters) – Furniture retailer IKEA will shut three city center stores in Norway as part of a drive to cut costs amid declining profits, the company said in a statement on Wednesday. The logo of IKEA is seen above a store in Voesendorf, Austria, April 24, 2017. REUTERS/Heinz-Peter Bader Known as service and…
[ad_1] (Reuters) – India’s Mahindra and Mahindra Ltd (MAHM.NS) said here on Wednesday Fiat Chrysler Automobiles U.S. LLC filed a patent violation complaint with the U.S. International Trade Commission against the company. Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca As per the complaint, certain design features of…
[ad_1] SYDNEY (Reuters) – Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China. FILE PHOTO: Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas Peter/File Photo…
[ad_1] HONG KONG (Reuters) – Fast-food chain operator Yum China Holdings Inc (YUMC.N) has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia’s biggest deals this year, a person with direct knowledge of the matter said. FILE PHOTO: Customers…
[ad_1] WASHINGTON (Reuters) – A federal regulator said on Tuesday it is seeking input on rewriting decades-old rules aimed at encouraging bank lending in low-income communities. FILE PHOTO: Joseph M. Otting speaks after being sworn in as Comptroller of the Currency in Washington, U.S., November 27, 2017. REUTERS/Joshua Roberts/File Photo The move by the Office…
[ad_1] NEW YORK (Reuters) – The S&P 500 and the Nasdaq edged up to record closing highs for the third consecutive session as investors struggled over whether to take profits following a rally on positive developments in trade disputes which have vexed the markets. Following a United States-Mexico agreement Monday to overhaul the North American…
[ad_1] HONG KONG (Reuters) – Fast-food chain operator Yum China Holdings Inc (YUMC.N) has rejected a $17.6 billion buyout offer from a consortium led by Chinese investment firm Hillhouse Capital Group, quashing what would have been one of Asia’s biggest deals this year, a person with direct knowledge of the matter said. FILE PHOTO: Customers…
[ad_1] SYDNEY (Reuters) – Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China. FILE PHOTO: Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas Peter/File Photo…
[ad_1] WASHINGTON (Reuters) – Canadian Foreign Minister Chrystia Freeland said on Tuesday she was “encouraged” by progress made by the United States and Mexico towards a new North American Free Trade Agreement. Candian Foreign Minister Chrystia Freeland speaks to journalists outside the U.S. Trade Representative’s office in Washington, U.S., August 28, 2018. REUTERS/Chris Wattie Starting…
[ad_1] Microsoft today announced a couple of AI-centric updates for OneDrive and SharePoint users with an Office 365 subscription that bring more of the company’s machine learning smarts to its file storage services. All of these features will launch at some point later this year. With the company’s Ignite conference in Orlando coming up next…
[ad_1] SYDNEY (Reuters) – Asian share markets were left in limbo on Wednesday as optimism over the U.S.-Mexico trade deal was quickly replaced by caution ahead of a looming deadline on tariffs with China. FILE PHOTO: Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas…
[ad_1] WASHINGTON (Reuters) – Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress. Automotive executives and other sources also told Reuters on Tuesday that the bilateral U.S.-Mexico…
[ad_1] WASHINGTON/MEXICO CITY (Reuters) – A proposed U.S.-Mexico trade deal would allow President Donald Trump to impose punitive tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and sources said on Tuesday. FILE PHOTO: A transport truck carries new Toyota trucks through…
[ad_1] NEW YORK (Reuters) – Papa John’s International Inc (PZZA.O) founder John Schnatter, who is trying to regain control of the pizza chain after resigning as chairman in July, accused Chief Executive Officer Steve Ritchie’s “inner circle” of sexual misconduct, an allegation the company denied on Tuesday. FILE PHOTO: John Schnatter (R), founder of Papa…
[ad_1] LONDON (Reuters) – Britain’s O2 said it will allow customers to choose how much they pay upfront for a smartphone and how they spread the payments of the balance, targeting subscribers who want more control over their mobile contracts. A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil…
[ad_1] One concession Canada seems likely to make in the current round of free trade discussions with the U.S. and Mexico is on the level of duties that Canadians must pay when shopping online — and it’s one where Canadian consumers could end up be happy with the result. Known as the de minimis threshold, it’s…
[ad_1] Scotiabank’s CEO believes this week’s breakthrough in trade talks between the United States and Mexico is positive for the bank as it relieves some of the lingering uncertainty about the fate of the North American Free Trade Agreement. “We look forward to the next piece of NAFTA being solved, hopefully in a number of…
[ad_1] WASHINGTON (Reuters) – President Donald Trump’s trade deal with Mexico could struggle to win approval from Congress unless Canada comes on board, lawmakers from both parties said on Tuesday, saying support from Democrats would be needed to pass a purely bilateral deal. FILE PHOTO: U.S. President Donald Trump talks via speakerphone to Mexican President…
[ad_1] An “alarming” rate of seafood in Canadian restaurants and stores is mislabelled, according to a new report by an ocean advocacy group. Oceana Canada, a Toronto-based conservation organization, said it found there was mislabelling with 44 per cent of the seafood samples it tested this year and last in five Canadian cities — and in 75 per cent of cases,…
[ad_1] Federal income tax revenue fell by nearly $5 billion in 2016 and nearly all of the decline was attributable to Alberta, but exactly why remains an open question, says an economist with the University of Calgary. Lindsay Tedds says it’s not yet clear how much of the decline was due to economic factors — the…
[ad_1] Canada’s postal service built a massive loss into its books Tuesday in anticipation of the potential cost of settling a pay equity dispute with its biggest union. Canada Post said it recorded a second quarter loss before taxes of $242 million, a dramatic drop from the $27 million profit it made during the same…
[ad_1] When the U.S. and Mexico reached a bilateral trade agreement without Canada on Monday, it was the end of NAFTA as we know it. But stock markets rallied on the news, with Canadian stocks hitting their highest point in more than a month. Today, the loonie is at its strongest against the U.S. dollar in more than two…
[ad_1] (Reuters) – Coca-Cola Co (KO.N) said on Tuesday it will buy Moxie, a soda-based soft drink brand that is more than a hundred years old, from its bottling partner Coca-Cola of Northern New England (CCNNE). The wall of the Coca Cola bottling plant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy…
[ad_1] HOUSTON (Reuters) – The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron (CVX.N) for its imports of 4.5-inch Japanese steel tubes for oil exploration. FILE PHOTO: Rolled steel is seen after being treated on the pickle line at the Severstal steel mill in Dearborn, Michigan, U.S., June 21, 2012. REUTERS/Rebecca…
[ad_1] (Reuters) – Tiffany & Co’s (TIF.N) results topped Wall Street estimates on Tuesday as a heavy advertising spend drew in both affluent and more price-conscious shoppers to its stores in the Americas and China, prompting the chain to raise its annual profit forecast. FILE PHOTO: Passers-by holding parasols walk in front of an advertisement…
[ad_1] WASHINGTON (Reuters) – U.S. consumer confidence surged to near an 18-year high in August, as households remained upbeat on the labor market, pointing to strong consumer spending that should help to sustain the economy for the remainder of the year. FILE PHOTO: People are seen walking through Roosevelt Field shopping mall in Garden City,…
[ad_1] TORONTO (Reuters) – Thomson Reuters Corp (TRI.TO)(TRI.N) said on Tuesday that it will complete the sale of a 55 percent stake in its Financial & Risk unit to private equity firm Blackstone Group LP (BX.N) on Oct. 1. The Thomson Reuters logo is seen on the company building in Times Square, New York, U.S.,…
[ad_1] WASHINGTON (Reuters) – Canada’s top trade negotiator joins her Mexican and U.S. counterparts in Washington on Tuesday in a bid to remain part of a trilateral North American trade pact, as U.S. officials expressed optimism a deal could be reached this week. FILE PHOTO: Canadian Foreign Minister Chrystia Freeland gestures during a joint news…
[ad_1] (Reuters) – U.S. stock indexes rose on Tuesday, with the benchmark S&P 500 and the Nasdaq indexes hitting fresh all-time highs, as a trade agreement between the United States and Mexico calmed fears of a global trade war. Traders work on the floor at the New York Stock Exchange (NYSE) at the end of…
[ad_1] (Reuters) – Best Buy Co Inc (BBY.N) on Tuesday reported online sales growth that decelerated from the previous quarter, sending its shares down 5 percent in premarket trade. Shoppers wait in line outside a Best Buy electronics store in Westbury, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton The U.S. consumer electronics retailer said…
[ad_1] “You can’t hack what isn’t there,” Very Good Security co-founder Mahmoud Abdelkader tells me. His startup assumes the liability of storing sensitive data for other companies, substituting dummy credit card or Social Security numbers for the real ones. Then when the data needs to be moved or operated on, VGS injects the original info…
[ad_1] BMO Financial Group topped expectations for its third-quarter results, boosted by strength in its U.S. operations. The bank said Tuesday it earned $1.54 billion for the quarter ended July 31, up from $1.39 billion in the same quarter a year ago. The profit amounted to $2.31 per share for the quarter, up from $2.05…
[ad_1] The Bank of Nova Scotia raised its dividend even as it reported its third-quarter profit slipped compared with a year ago, partially due to a hit from acquisition-related costs. The bank says it will raise its quarterly dividend by three cents to 85 cents per share. The increase came as Scotiabank reported a third-quarter…
[ad_1] (Reuters) – Tiffany & Co’s (TIF.N) quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, helping the upscale retailer raise its full-year profit forecast. FILE PHOTO: Passers-by holding parasols walk in front of an advertisement for Tiffany & Co. at the Ginza shopping district…
[ad_1] BERLIN (Reuters) – Nearly three out of four companies doing business in Germany and the United States doubt that a U.S.-European trade truce reached last month will be followed by a lasting agreement on large-scale tariff cuts, a survey showed on Tuesday. FILE PHOTO: U.S. and European Union flags are pictured during the visit…
[ad_1] (Reuters) – Tiffany & Co (TIF.N) topped quarterly estimates for profit and revenue and raised its full-year profit forecast on Tuesday as the upscale retailer sold more jewelry in China and the Americas. FILE PHOTO: Passers-by holding parasols walk in front of an advertisement for Tiffany & Co. at the Ginza shopping district in…
[ad_1] LONDON (Reuters) – The king spoke, and a $2 trillion dream went up in smoke. For the past two years, Saudi Arabia has prepared to place up to 5 percent of its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with international exchanges, global banks…
[ad_1] (Reuters) – Aspen Insurance Holdings Ltd (AHL.N) said on Tuesday certain funds affiliated to alternative investment manager Apollo Global Management LLC (APO.N) will take the insurer private in an all-cash transaction valued at $2.6 billion. A helicopter drops water on hotspots of the Carr Fire burning in the hills west of Redding, California, U.S.…
[ad_1] LONDON (Reuters) – World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war. FILE PHOTO: A worker walks in a container area at a port in Tokyo, Japan January…
[ad_1] (Reuters) – A federal judge in San Francisco dismissed a securities fraud lawsuit in which Tesla Inc (TSLA.O) shareholders accused the electric car company and Chief Executive Elon Musk of misleading them about the progress of production of its Model 3 vehicle. FILE PHOTO: A row of new Tesla Model 3 electric vehicles is…
[ad_1] SCHAFFHAUSEN, Switzerland (Reuters) – Swiss watch brand IWC, owned by luxury goods group Richemont (CFR.S), inaugurated a new manufacturing site in its hometown of Schaffhausen as it gets ready to meet growing demand for its timepieces. CEO Christoph Grainger-Herr of Swiss watch manufacturer IWC delivers a speech during the opening ceremony of a new…
[ad_1] BOSTON (Reuters) – Facebook Inc’s (FB.O) second-biggest outside investor has offered backing for the world’s largest social media company as it faces public criticism for what people see on its service and how much user information is shared with third parties. FILE PHOTO: Fidelity Investments Contrafund manager Will Danoff attends the second day of…
[ad_1] SYDNEY (Reuters) – Asian shares advanced on Tuesday and the U.S. dollar hovered near its lowest in a month, with risk appetite sharpened by the United States and Mexico reaching a deal to overhaul the North American Free Trade Agreement. FILE PHOTO: A worker walks in a container area at a port in Tokyo,…
[ad_1] ZURICH (Reuters) – Roche (ROG.S) diagnostics division head Roland Diggelmann is leaving the company on Sept. 30, ending a 10-year stint at the Swiss drugmaker, it said on Tuesday. The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland February 1, 2018. REUTERS/Arnd Wiegmann Michael Heuer, the region head of…
[ad_1] ZURICH (Reuters) – Nestle (NESN.S) and Starbucks (SBUX.O) said on Tuesday they had concluded their licensing deal for the Swiss food giant to market the U.S. coffee maker’s packaged coffees and teas around the world. Customers pass by the logo of an American coffee company Starbucks inside a coffee shop in Rio de Janeiro,…
[ad_1] NEW YORK (Reuters) – Elon Musk’s take-private plans for Tesla Inc have evaporated, but the company’s looming debt needs remain. FILE PHOTO: SpaceX founder Elon Musk pauses at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018.…
[ad_1] MEXICO CITY (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Monday that the trade accord it announced on Monday with the United States would have to be tweaked, particularly regarding rules of origin, if it ends up as a bilateral agreement without Canada. Mexico’s Economy Minister Ildefonso Guajardo arrives at the U.S. Trade…
[ad_1] BEIJING (Reuters) – China is considering introducing measures to tackle sexual harassment in the workplace in a civil code draft submitted to the country’s top legislature on Monday, state news agency Xinhua reported. Office workers gather inside at the lobby of a commercial tower at the financial Central district in Hong Kong, China November…
[ad_1] SYDNEY (Reuters) – Asian shares advanced on Tuesday and the U.S. dollar hovered near one-month lows as a U.S.-Mexico deal to overhaul the North American Free Trade Agreement boosted risk appetite. FILE PHOTO: A worker walks in a container area at a port in Tokyo, Japan January 25, 2016. REUTERS/Toru Hanai/File Photo Investors expect…
[ad_1] WASHINGTON (Reuters) – Most of Mexico’s auto exports should comply with new rules drawn up under the agreement struck between Mexico and the United States in the renegotiation of the North American Free Trade Agreement (NAFTA), Mexico’s economy minister said on Monday. FILE PHOTO: Mexico’s Economy Minister Ildefonso Guajardo arrives at the U.S. Trade…
[ad_1] MEXICO CITY (Reuters) – Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the United States to overhaul the North American Free Trade Agreement (NAFTA) that he said preserved Mexican “sovereignty” in the energy sector. FILE PHOTO: Mexico’s president-elect Andres Manuel Lopez Obrador gestures during a news conference in Mexico City,…
[ad_1] WASHINGTON (Reuters) – The Federal Communications Commission’s inspector general concluded there was no evidence of impropriety relating to the proposed – and now defunct – merger of Sinclair Broadcast Group (SBGI.O) and Tribune Media Co (TRCO.N), the U.S. regulator’s chairman said in a statement on Monday. FILE PHOTO: Ajit Pai, Chairman of the Federal…
[ad_1] SYDNEY (Reuters) – Asian shares advanced again on Tuesday while major currencies held on to gains amid hopes global tariff tensions were abating as the United States and Mexico made a deal to overhaul the North American Free Trade Agreement. FILE PHOTO: A man walks in front of a screen showing today’s movements of…
[ad_1] (Reuters) – The United States and Mexico agreed on Monday to a sweeping trade deal that pressures Canada to accept new terms on autos trade, dispute settlement and agriculture to keep the trilateral North American Free Trade Agreement (NAFTA). Mexico’s Foreign Minister Luis Videgaray (C), Mexico’s Economy Minister Ildefonso Guajardo (3rdR), White House chief…
[ad_1] WASHINGTON (Reuters) – The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. Auto stocks soared and the S&P 500 and the Nasdaq rallied…
[ad_1] Air Canada and WestJet Airlines Ltd. are raising fees for passengers to check their bags. The country’s two largest airlines are raising the fee for the first checked bag to $30 from $25. They will also raise the price of checking a second piece of luggage to $50 from $30. Air Canada and WestJet…
[ad_1] WASHINGTON (Reuters) – The U.S. Commerce Department said on Monday it had made a preliminary determination that imports of certain steel wheels from China were subsidized at rates ranging from 58.75 percent to 172.51 percent, and it would impose duties on the product. FILE PHOTO: Workers arrange steel rims for export at a wheel…
[ad_1] WASHINGTON (Reuters) – The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. Auto stocks soared and financial markets firmed on the expectation that…
[ad_1] (Reuters) – Toyota Motor Corp (7203.T) will invest $500 million in Uber to jointly work on developing self-driving cars, a source familiar with the matter said on Monday, a bid by both companies to catch up to rivals in the hotly competitive autonomous driving business. FILE PHOTO: The logo of Uber is pictured during…
[ad_1] (Reuters) – A broad-based rally pushed the S&P 500 and the Nasdaq to record-high closes for the second straight session on Monday as a trade agreement reached between the United States and Mexico buoyed investor sentiment. Traders work at the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., August 27, 2018. REUTERS/Andrew…
[ad_1] After almost a year of negotiations between Canada, the U.S. and Mexico to update the 24-year-old North American Free Trade Agreement, the latter two countries announced the framework of a deal on Monday, with Canada on the outside looking in — for now. Here’s a rough guide to what’s in the agreement: 1. New…
[ad_1] CHICAGO (Reuters) – The U.S. Department of Agriculture said on Monday its $12 billion farm aid package would include $4.7 billion in direct payments to farmers to help offset losses from retaliatory tariffs on American exports this season. FILE PHOTO: A fertilising mechanism fertilizes soybean fields in Gideon, Missouri, U.S., May 16, 2018. REUTERS/Shannon…
[ad_1] (Reuters) – Toyota Motor Corp will invest about $500 million in Uber Technologies Inc to jointly work on developing driverless vehicles, the Wall Street Journal reported on Monday, citing people familiar with the matter. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico…
[ad_1] SAN FRANCISCO (Reuters) – A narrowing gap between short-term and long-term borrowing costs could be signaling heightened risk of a U.S. recession, researchers at the San Francisco Federal Reserve Bank said in a study published on Monday. A cyclist passes the Federal Reserve building in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie The…
[ad_1] VMware is hosting its VMworld customer conference in Las Vegas this week, and to get things going it announced that its acquiring Boston-based CloudHealth Technologies. They did not disclose the terms of the deal, but Reuters is reporting the price is $500 million. CloudHealth provides VMware with a crucial multi-cloud management platform that works…
[ad_1] WASHINGTON (Reuters) – The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact. U.S. President Donald Trump and outgoing Mexican President Enrique Pena Nieto…
[ad_1] (Reuters) – U.S. stocks posted strong gains on Monday, with the benchmark S&P 500 and the Nasdaq hitting all-time highs, as the United States and Mexico reached a deal to replace the North American Free Trade Agreement. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday that Legg Mason (LM.N) will pay more than $34 million to resolve a charge it violated the Foreign Corrupt Practices Act in bribing Libyan officials to secure investments. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the…
[ad_1] WASHINGTON (Reuters) – The United States and Mexico reached a deal on Monday to change the North American Free Trade Agreement (NAFTA) and talks with Canada were expected to begin immediately, U.S. President Donald Trump said. FILE PHOTO: Factory employees are seen working in the plant of General Motors in the city of Silao,…
[ad_1] WASHINGTON (Reuters) – The United States and Mexico reached a deal on Monday to replace the North American Free Trade Agreement (NAFTA) and talks with Canada were expected to begin immediately in the hopes of reaching a final agreement by Friday, a senior U.S. trade official said. FILE PHOTO: Factory employees are seen working…
[ad_1] WASHINGTON (Reuters) – President Donald Trump will make a trade announcement at 11 a.m. (1500 GMT) on Monday, the White House said, as anticipation builds that the United States and Mexico are close to an agreement between the two North American Free Trade Agreement nations. U.S. President Donald Trump speaks as he awards a…
[ad_1] PARIS (Reuters) – Turkey wants to take it relations with the European Union to a new phase in a period when its trade with the bloc is more important, Finance Minister Berat Albayrak said on Monday. French Finance Minister Bruno Le Maire shakes hands with Turkish Finance Minister Berat Albayrak before a meeting at…
[ad_1] (Reuters) – U.S. stocks opened higher on Monday, with the benchmark S&P 500 index and the Nasdaq hitting record highs on optimism around news that the United States and Mexico were closing in on a trade deal. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August…
[ad_1] Disruption caused by digital technologies is making the job of central bankers harder. That was the essence of a speech by Bank of Canada governor Stephen Poloz at this weekend’s annual shindig for central bankers in Jackson Hole, Wyo. In a speech titled “The Fourth Industrial Revolution and Central Banking,” the governor hinted at an interest rate hike. Digital…
[ad_1] ISTANBUL (Reuters) – The Turkish lira tumbled nearly 5 percent against the dollar on Monday after a week-long holiday, hit by persistent concern about a diplomatic rift with Washington over a U.S. pastor on trial in Turkey. Turkish Lira and Dollar banknotes are seen in this picture illustration taken August 19, 2018. REUTERS/Dado Ruvic/Illustration…
[ad_1] (Reuters) – Shares in Tesla Inc (TSLA.O) fell just over 3 percent on Monday after it abandoned a plan to take the electric carmaker private, with some analysts suggesting it should either replace Chief Executive Elon Musk or appoint another strong senior manager. FILE PHOTO: Tesla superchargers are installed at the Quinte Mall in…
[ad_1] NEW YORK (Reuters) – Turkey’s currency crisis has roiled emerging-markets investors far and wide, including the U.S. state of Tennessee, where the state’s retirement system is the biggest institutional holder in a Turkey exchange-traded fund (ETF). FILE PHOTO: Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad…
[ad_1] FRANKFURT/WOLFSBURG (Reuters) – Volkswagen’s (VOWG_p.DE) external compliance monitor on Monday said he disagreed with some VW executives’ use of privacy and attorney client privilege rights to withhold information about a $27 billion global emissions cheating scandal. FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May…
[ad_1] SHANGHAI (Reuters) – China’s yuan finished Monday afternoon trade at a near 4-week high to the dollar after the central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, halting a record 10-week slide that rattled global markets and irritated Washington. FILE PHOTO: A China yuan note is seen in…
[ad_1] LONDON (Reuters) – World stock markets rose to their highest level in more than two weeks on Monday as reassuring comments from the U.S. Federal Reserve chief, an easing in trade war jitters and a bid by China’s central bank to stabilize the yuan lifted risk appetite. Signage is seen outside the entrance of…
[ad_1] (Reuters) – Trading in Tesla shares in Germany TSLA.TG on Monday pointed to a 5 percent drop when U.S. markets open as investors reacted to Chief Executive Elon Musk’s decision to abandon plans to take the luxury electric car maker private. FILE PHOTO: Tesla superchargers are installed at the Quinte Mall in Belleville, Ontario,…
[ad_1] SHANGHAI (Reuters) – Asian shares rose on Monday, taking heart from comments by the Federal Reserve chairman that drove Wall Street to record highs on Friday, and as a tweak to the way China’s central bank manages its currency boosted the yuan and stocks. A man is reflected in an electronic stock quotation board…
[ad_1] LONDON (Reuters) – Germany-listed shares in Tesla fell more than 3 percent in early deals on the Tradegate exchange on Monday, after Chief Executive Elon Musk called off his bid to take the company private. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike…
[ad_1] WASHINGTON (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Sunday evening that bilateral negotiations with the United States over the future of the North American Free Trade Agreement (NAFTA) were advancing and that talks would continue on Monday. Speaking after a day of Mexico-U.S. discussions at the offices of U.S. Trade Representative (USTR)…
[ad_1] (Reuters) – Investors on Monday will render their verdict on Tesla Inc Chief Executive Elon Musk’s decision to abandon a proposed $72 billion buyout to take the luxury electric car maker private. FILE PHOTO: Tesla superchargers are installed at the Quinte Mall in Belleville, Ontario, Canada, May 6, 2018. REUTERS/David Lucas/File Photo Musk said…
[ad_1] SHANGHAI (Reuters) – The yuan hovered at a 2-1/2-week high against the U.S. dollar on Monday after China’s central bank revived a “counter-cyclical factor” in its daily fixing to support the currency, arresting a record 10-week slide that has rattled global markets. FILE PHOTO: A China yuan note is seen in this illustration photo…
[ad_1] SHANGHAI (Reuters) – Asian shares rose on Monday, boosted by record Wall Street highs on Friday after reassuring comments from the Federal Reserve’s chairman, and as stock markets in China gained after the country’s central bank tweaked its management of the yuan. A man is reflected in an electronic stock quotation board outside a…
[ad_1] WASHINGTON (Reuters) – U.S. and Mexican trade negotiators are close to squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) and will resume talks on Monday morning, Mexican Economy Minister Ildefonso Guajardo said on Sunday. FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before…
[ad_1] WASHINGTON (Reuters) – U.S. and Mexican trade negotiators are “hours” away from squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) but work with Canada is likely to stretch into September, a top Mexican official said on Sunday. FILE PHOTO: Mexico’s Economy Minister Ildefonso Guajardo at a news in Mexico City…
[ad_1] SHANGHAI (Reuters) – U.S. stock futures hit a record high early on Monday in Asia after U.S. Federal Reserve Chairman Jerome Powell said on Friday that a gradual approach to raising rates remains appropriate to protect the U.S. economy and job growth. S&P 500 e-mini futures ESc1 rose as much as 0.15 percent to…
[ad_1] WASHINGTON (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news…
[ad_1] WASHINGTON (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Sunday that he couldn’t yet declare victory in bilateral talks with the United States over the North American Free Trade Agreement (NAFTA). FILE PHOTO: Mexico’s Economy Minister Ildefonso Guajardo arrives at the U.S. Trade Representative’s office in Washington, U.S., August 23, 2018. REUTERS/Chris Wattie/File…
[ad_1] WASHINGTON (Reuters) – U.S. and Mexican trade negotiators are “hours” away from squaring away bilateral differences on the North American Free Trade Agreement (NAFTA) but work with Canada is likely to stretch into September, a top Mexican official said on Sunday. FILE PHOTO: Mexico’s Economy Minister Ildefonso Guajardo at a news in Mexico City…
[ad_1] In tech circles, it would be easy to assume that the world of high-impact charitable giving is a rich man’s game where deals are inked at exclusive black tie galas over fancy hors d’oeuvre. Both Mark Zuckerberg and Marc Benioff have donated to SF hospitals that now bear their names. Gordon Moore has given away…
[ad_1] BEIJING (Reuters) – China’s police and transport ministry said on Sunday the country’s largest ride-hailing firm Didi Chuxing had “unshirkable responsibility” for a ride-sharing passenger being raped and killed by a driver in the eastern city of Wenzhou. FILE PHOTO: A man is seen in front of a Didi sign before a promotional event…
[ad_1] BEIJING (Reuters) – China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a statement on Sunday, a day after police said a ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver. FILE PHOTO: A man is seen in front of…
[ad_1] JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chair Jerome Powell has begun putting his stamp on the U.S. central bank as someone who will rely more on data-informed judgment and less on some of the models and theoretical values that have shaped the Fed’s course in recent years but that Powell has said can…
[ad_1] Canada’s homegrown tech firms say they’ve been shut out of a multimillion-dollar project to consolidate the federal government’s data operations, with American giants such as IBM and Microsoft getting the inside track. Shared Services Canada (SSC), the federal IT agency, issued a notice earlier this month inviting technology companies to qualify for a massive…
[ad_1] BEIJING (Reuters) – China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a statement on Sunday, a day after police said a ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver. FILE PHOTO: A man is seen in front of…
[ad_1] CARACAS (Reuters) – Venezuela’s state oil firm Petroleos de Venezuela SA (PDVSA) PDVSA.UL said on Saturday it filed an appeal requesting that a Delaware court vacate a decision on Aug. 23 granting Canadian miner Crystallex the right to seize its U.S. assets. FILE PHOTO: The corporate logo of the state oil company PDVSA is…
[ad_1] BEIJING (Reuters) – China’s largest ride-hailing firm Didi Chuxing is suspending its Hitch services nationwide, the company said in a statement on Sunday, a day after police said a ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver. FILE PHOTO: A man is seen in front of…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with Mexico soon as the incoming Mexican trade negotiator signaled possible solutions to NAFTA energy rules and a contentious U.S. “sunset clause” demand. Trump tweeted on Saturday morning that the United States’ “relationship with Mexico…
[ad_1] WASHINGTON (Reuters) – Mexico’s incoming trade negotiator said on Saturday that the United States, in talks to revamp the North American Free Trade Agreement, had softened its position on a “sunset clause” that would force a renegotiation of the deal every five years. “It’s going to come out. It’s no longer what the United…
[ad_1] (Reuters) – More frequent price changes for goods and a rise in the consistency of pricing due to the growth of online retailers may be affecting inflation, according to an academic paper presented on Saturday to some of the world’s top central bankers. FILE PHOTO: Amazon boxes are seen stacked for delivery in the…
[ad_1] BEIJING (Reuters) – A ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver for China’s largest ride-hailing firm, local police said on Saturday, the latest violent crime to fuel safety concerns about the service. FILE PHOTO: A man is seen in front of a Didi sign before…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump tweeted on Saturday that the United States could reach a “big Trade Agreement” with Mexico imminently. FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in…
[ad_1] Amazon has a big target on its back these days, and because of its size, scope and impact on local business, critics are right to look closely at tax breaks and other subsidies they receive. There is nothing wrong with digging into these breaks to see if they reach the goals governments set in…
[ad_1] BEIJING (Reuters) – A ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed, allegedly by a driver for the country’s largest ride-hailing firm, local police said on Saturday, the latest violent crime to fuel safety concerns about the service. FILE PHOTO: A man is seen in front of a Didi…
[ad_1] Walmart Canada is facing criticism for charging more for plus size clothing, a policy some shoppers consider an unjust “fat tax.” “It’s unacceptable,” said Walmart shopper, Shannon Mozak in Edmonton who sometimes buys plus sizes. “It’s a form of shaming people.” Walmart and some other retailers markup their plus size clothing with the justification that bigger sizes…
[ad_1] BEIJING/WASHINGTON (Reuters) – U.S-China trade talks this week were heavy on details but short on progress as U.S. negotiators outlined cases of American firms harmed by Chinese practices and China argued it was meeting its WTO obligations, people familiar with contents of the discussions said. FILE PHOTO: A worker places U.S. and China flags…
[ad_1] (Reuters) – Cigna Corp (CI.N) shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co (ESRX.O), although the deal still needs clearance from antitrust authorities. David Cordani, president and CEO of CIGNA Corp., appears on CNBC at the New York Stock Exchange,…
[ad_1] SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk said late on Friday he would no longer pursue a $72 billion deal to take his U.S. electric car maker private, abandoning an idea that had stunned investors and drawn regulatory scrutiny. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a…
[ad_1] JACKSON HOLE, Wyo. (Reuters) – Low interest rates may do less to boost business spending in today’s economy than in years past because the big companies that now dominate many industries tend to use their money on intangibles that do not get cheaper as borrowing costs fall. FILE PHOTO: A woman looks at the…
[ad_1] SAN FRANCISCO (Reuters) – The board of Tesla Inc (TSLA.O) said on Friday the company would remain public, following a tumultuous two weeks for the carmaker after its chief executive announced he was considering a deal to go private. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in…
[ad_1] Tesla Inc. CEO Elon Musk said Friday that investors have convinced him that he shouldn’t take the company private, so the firm will remain on the public stock markets. The eccentric and sometimes erratic CEO said in a statement that he made the decision based on feedback from shareholders, including institutional investors, who said…
[ad_1] LONDON (Reuters) – Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’ market share after lawmakers called for them to be broken up. FILE PHOTO: The logo of KPMG is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles…
[ad_1] FRANKFURT/HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess was given a memorandum warning the carmaker might face legal action in the U.S. over the use of cheating software in cars just days before the scandal broke, a public broadcaster reported on Friday. Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual…
[ad_1] (Reuters) – Wells Fargo & Co (WFC.N) is laying off more than 600 workers as it grapples with a slowdown in its mortgage business, a bank spokesman said on Friday. A Wells Fargo banking location is pictured in Pasadena, California, U.S., September 8, 2017. REUTERS/Mario Anzuoni/File Photo The fourth-largest U.S. bank has given 60…
[ad_1] NEW YORK (Reuters) – U.S. fund investors are in no rush to shore up defenses against the strong dollar. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid The greenback’s 6 percent leap over the past six months has flummoxed markets from…
[ad_1] (Reuters) – The U.S. State Department on Friday said it would push for foreign postal carriers to pay the U.S. Postal Service more to deliver small parcels within the United States, taking up a longtime complaint by Amazon.com (AMZN.O), UPS (UPS.N) and others who have alleged the current system is unfair. The State Department…
[ad_1] JACKSON HOLE, Wyo. (Reuters) – St. Louis Federal Reserve Bank President James Bullard on Friday raised new alarm bells over the U.S. central bank’s plan to keep raising interest rates, warning that even one more rate hike could set the stage for recession. FILE PHOTO: St. Louis Fed President James Bullard speaks about the…
[ad_1] NEW YORK (Reuters) – Global equity markets rose on Friday after Federal Reserve Chairman Jerome Powell said the U.S. central bank’s policies are best to keep the economy humming, spurring new highs on Wall Street, while oil surged on signs Iran sanctions may crimp worldwide supply. Traders work on the floor of the New…
[ad_1] (Reuters) – The S&P 500 index .SPX notched its highest ever close on Friday, reaffirming that the bull market was intact, and now the longest running ever, after a steep sell-off seven months ago that tipped the market into a correction. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] (Reuters) – Comcast Corp (CMCSA.O) will continue to offer 21st Century Fox Inc’s (FOXA.O) Big Ten Network, including all games on Fox’s sports channel FS1, the companies said on Friday. FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas…
[ad_1] Bank of Canada governor Stephen Poloz says he still sees rate hikes ahead for Canada as the U.S. tightens its monetary policy, but a lot depends on economic data over the coming months and the outcome of NAFTA talks. The U.S. Fed is expected to increase its interest rates in September, and may do…
[ad_1] RICHMOND, British Columbia (Reuters) – Mexico and the United States need to resolve complicated bilateral issues before modernization of the North American Free Trade Agreement (NAFTA) can move forward, Canadian Foreign Minister Chrystia Freeland said on Friday. FILE PHOTO: Canadian Foreign Minister Chrystia Freeland gestures during a joint news conference on the closing of…
[ad_1] NEW YORK (Reuters) – The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank’s current pace of rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] NEW YORK (Reuters) – The benchmark S&P 500 index clinched its longest-ever bull market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank’s current pace of rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] Toys “R” Us Canada’s president says most of the people she has met with over the past tumultuous year have asked her the same question, “Have you found another job?” The query has been on the tip of everyone’s tongues as many mistakenly believe the toy chain’s Canadian business is following in the footsteps of…
[ad_1] (Reuters) – The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the central bank’s current approach to policy. Federal Reserve Board Chairman…
[ad_1] Enbridge Inc. is sweetening its offer to buy all the units in Spectra Energy Partners LP it doesn’t already own, raising its proposed share exchange ratio by almost 10 per cent in the all-shares transaction valued at $4.3 billion. The move, which was expected by some analysts following a U.S. regulator’s final tax policy…
[ad_1] JACKSON HOLE, Wyo. (Reuters) – Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. FILE PHOTO: Federal Reserve Chairman Jerome Powell reacts to questioning by Rep.…
[ad_1] (Reuters) – Wall Street rallied on Friday, with the S&P 500 and the Nasdaq hitting all-time highs, after Federal Reserve Chair Jerome Powell said the central bank’s current approach to interest rate hikes was the best way to protect the U.S. economic recovery. Traders work on the floor of the New York Stock Exchange…
[ad_1] NEW YORK (Reuters) – Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has hired Bank of America Corp (BAC.N) and Lazard Ltd (LAZ.N) to help find ways to stabilize the restaurant chain, which has come under pressure from its founder John Schnatter, people familiar with the matter said on Friday. The…
[ad_1] (Reuters) – Shares of Gap Inc (GPS.N) fell 8 pct in premarket trading on Friday, a day after the company’s namesake brand posted another bigger-than-expected drop in comparable sales, raising concerns around the unit’s turnaround plan. Gap typically offers big discounts to entice shoppers to buy last season’s designs, but the company cut back…
[ad_1] Federal Reserve Chairman Jerome Powell is signalling that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Speaking to an annual conference of central bankers in Jackson Hole, Wyoming, the Fed chairman says the central bank recognizes that the path of inflation is so uncertain that…
[ad_1] On an annualized basis Canadians spent $5.7 billion on marijuana between April and June, Statistics Canada says, as consumption of both legal and illegal varieties is growing steadily. The data agency reported Friday that spending increased by 1.2 per cent over the three-month period, with almost 85 per cent or $4.8 billion of the spending…
[ad_1] JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the central bank’s current approach to policy. FILE…
[ad_1] (Reuters) – U.S. stock indexes opened higher on Friday, as investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the direction of monetary policy. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2018. REUTERS/Brendan McDermid The Dow Jones Industrial Average…
[ad_1] (Reuters) – U.S. stock index futures pointed to a higher open on Friday, as investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the direction of monetary policy. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2018. REUTERS/Brendan McDermid Powell…
[ad_1] (Reuters) – Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion. FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Pipeline…
[ad_1] MILAN (Reuters) – UniCredit (CRDI.MI) and Societe Generale (SOGN.PA) declined to comment on a report that Italy’s biggest bank was working with a senior Rothschild banker to advise it on a possible merger with the French lender. FILE PHOTO: A general view shows French bank Societe Generale headquarters buildings in La Defense near Paris,…
[ad_1] LONDON (Reuters) – The dollar fell on Friday, set for its biggest weekly decline since March as markets braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy, while a gauge of global stocks barely budged. FILE PHOTO: U.S. dollar notes are seen in this November…
[ad_1] TOKYO (Reuters) – Four Toyota Motor Corp (7203.T) group firms will form a joint venture to combine their self-driving technologies to better compete with automotive component giants such as Bosch Group [ROBG.UL], the Nikkei business daily reported on Friday. A Toyota Motor Corp logo is pictured in a showroom in Tokyo June 24, 2010.…
[ad_1] DUBAI/RIYADH (Reuters) – Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy, bankers and investors say. FILE PHOTO: An Aramco tank is seen at…
[ad_1] MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was “completely unfounded”. FILE PHOTO: The headquarters of Siemens AG is seen before the company’s annual news conference in Munich, Germany, November 9, 2017. REUTERS/Michael Dalder…
[ad_1] MUNICH (Reuters) – German engineering giant Siemens (SIEGn.DE) denied on Friday a report by German monthly Manager Magazin that said it could cut 20,000 jobs as part of its “Vision 2020” strategy. FILE PHOTO: The headquarters of Siemens AG is seen before the company’s annual news conference in Munich, Germany, November 9, 2017. REUTERS/Michael…
[ad_1] HONG KONG/SYDNEY (Reuters) – Australia has banned Huawei Technologies Co Ltd [HWT.UL] from supplying equipment for a 5G mobile network citing national security risks, a move the Chinese telecoms gear maker criticized as being “politically motivated”. The ban, announced on Thursday, signals a hardening of Australia’s stance toward its biggest trading partner at a…
[ad_1] BEIJING, Aug 24 (Reuters) – China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses in China – whether Chinese or foreign, Finance Minister Liu Kun said. Chinese Finance Minister Liu Kun speaks during an interview with…
[ad_1] MELBOURNE (Reuters) – As Australia’s big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labor to fuel to equipment have begun to rise, driving up costs and eating into margins. Aerial view of Sandfire’s Degrussa copper operations in Western Australia August 5, 2018. REUTERS/…
[ad_1] SINGAPORE (Reuters) – Singapore-listed Noble Group Ltd (NOBG.SI) faces a make-or-break shareholders’ meeting on Monday as investors vote on a $3.5 billion debt restructuring plan that its creditors and board say is vital to prevent insolvency. FILE PHOTO: Noble Group founder Richard Elman at the company’s Hong Kong offices/File Photo The company, once a…
[ad_1] BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce firm, warned on Thursday investments in its delivery business would keep pressuring profits even as it reported its strongest-ever quarterly revenue growth, largely in line with estimates. U.S.-listed shares of Asia’s most valuable public company rose early on Thursday but then erased gains…
[ad_1] SINGAPORE/BEIJING (Reuters) – China’s Unipec will resume purchases of U.S. crude oil in October after a two-month halt due to the trade dispute between the world’s two largest economies, three sources with knowledge of the matter said. FILE PHOTO: An employee walks past oil tanks at a Sinopec refinery in Wuhan, Hubei province, China…
[ad_1] BEIJING/SHANGHAI (Reuters) – Alphabet Inc’s (GOOGL.O) self-driving unit Waymo has set up a subsidiary in Shanghai, according to a business registration filing, the latest sign that the U.S. internet giant is attempting to make new inroads into China. FILE PHOTO: Waymo unveils a self-driving Chrysler Pacifica minivan during the North American International Auto Show…
[ad_1] NEW YORK (Reuters) – The New York man who spent nearly 3-1/2 years as a fugitive after being charged with trying to defraud Facebook Inc founder Mark Zuckerberg out of half of the social media company has been arrested in Ecuador and may be extradited, U.S. prosecutors said on Thursday. FILE PHOTO: Fugitive Paul…
[ad_1] BEIJING (Reuters) – China’s state planner said on Friday the United States’ tariffs on Chinese high-technology products will have an impact on high-tech industries in both countries. Ren Zhiwu, head of the high-tech department of the National Development and Reform Commission, told a news briefing that China will closely monitor the impact from U.S.-China…
[ad_1] (Reuters) – Gap Inc’s (GPS.N) namesake brand reported a bigger-than-expected drop in quarterly same-store sales on Thursday, sending shares down nearly 7 percent in after-hours trade even as the apparel retailer beat Wall Street profit expectations and posted strong revenue. FILE PHOTO: A Gap Inc. retail store is shown in La Jolla, California, U.S.,…
[ad_1] TOKYO (Reuters) – Asian stocks fell on Friday after U.S.-China trade talks ended without progress, with the markets braced for a speech by Federal Reserve Chairman Jerome Powell for hints on the direction of U.S. monetary policy. FILE PHOTO: A pedestrian holding an umbrella walks past an electronic board showing the graphs of the…
[ad_1] NEW YORK/WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market. Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration Staff…
[ad_1] BEIJING (Reuters) – China and the United States had a constructive and candid exchange over trade issues, the Chinese commerce ministry said in a statement on its website on Friday. Chinese officials led by Vice Commerce Minister Wang Shouwen held talks with their U.S. counterparts on Wednesday and Thursday in the United States. Both…
[ad_1] JACKSON HOLE, Wyo. (Reuters) – Increasing consensus at the Federal Reserve on the need to continue raising U.S. interest rates was on display at the start of a global central bankers meeting here, as the longstanding distinction between so-called policy hawks, centrists and doves blurs in the face of falling unemployment. The Federal Reserve…
[ad_1] MEXICO CITY (Reuters) – Citing possible electronic problems, the Mexican unit of Fiat Chrysler issued a recall notice to the owners of more than 122,000 vehicles, Mexico’s consumer watchdog Profeco said on Thursday. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S., May 25,…
[ad_1] (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) has given the go-ahead to production of an electric version of its E-type sports car with first deliveries planned for the summer of 2020, the company said on Thursday. FILE PHOTO: The name badge is seen on a classic Jaguar E-Type modified with an electric…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods. “We concluded two days of discussions with counterparts from China and exchanged views on how…
[ad_1] (Reuters) – Apparel retailer Gap Inc’s (GPS.N) namesake brand reported a bigger-than-expected drop in quarterly same-store sales, overshadowing strength in revenue and profit beat and pushing the company’s shares down nearly 7 percent in after-market trading on Thursday. FILE PHOTO: A Gap Inc. retail store is shown in La Jolla, California, U.S., May 17,…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion…
[ad_1] (Reuters) – Gap Inc’s (GPS.N) namesake brand reported a bigger-than-expected drop in quarterly same-store sales that outweighed revenue and profit beat and pushed the company’s shares down nearly 7 percent in after-market trading on Thursday. FILE PHOTO: A Gap Inc. retail store is shown in La Jolla, California, U.S., May 17, 2017. REUTERS/Mike Blake/File…
[ad_1] (Reuters) – HP Inc (HPQ.N), which houses the hardware business of former Hewlett-Packard Co, reported a 26.4 percent rise in quarterly profit on Thursday, due to strength in its personal systems that sells notebooks and desktops. FILE PHOTO: The entrance to a Hewlett-Packard Co. office complex is shown in Rancho Bernardo, California, U.S., May…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Dow Industrials moved lower on Thursday as trade-sensitive stocks were hit by a fresh round of tariffs in the ongoing trade dispute between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22,…
[ad_1] Eve & Co Incorporated CEO Melinda Rombouts used to grow flowers for a living. Maybe that’s why she can see the vast potential of a blossoming industry where some others don’t. “We were in seasonal flowers,” she said, noting one cold May too many convinced her to get out of the flower business altogether.…
[ad_1] A union representing transportation workers in Churchill, Man., is calling on Ottawa to buy back the Canadian Wheat Board from a Saudi consortium in light of the diplomatic spat between the two countries. The Union of Canadian Transportation Employees which represents Churchill port workers says Saudi Arabia’s decision to stop buying Canadian wheat and…
[ad_1] (Reuters) – The S&P 500 treaded water on Thursday as gains in technology stocks were offset by declines in commodity-related and trade-sensitive sectors after the U.S.-China trade war escalated with a fresh round of tariffs. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2018.…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co, (JPM.N) in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week. A view of the exterior of the JP Morgan Chase & Co.…
[ad_1] LONDON (Reuters) – Britain on Thursday told companies trading with the European Union they would face a tangle of red tape, possible border delays and more costly credit card payments if the government fails to negotiate an exit deal before Britain leaves the bloc. Big Ben themed money boxes are seen for sale at…
[ad_1] Mixmax, a service that aims to make email and other outbound communications more usable and effective, today announced the official launch of its new IFTTT-like rules for automating many of the most repetitive aspects of your daily email workflow. On the one hand, this new feature is a bit like your standard email filter…
[ad_1] British Columbia’s craft beer scene is booming — and not just locally. Seven B.C. craft brewers now have beers in the Asia-Pacific region, all part of a growing lucrative market for B.C. beer overseas. Just this month, Parallel 49 Brewing was in China to launch its beer there. “[The market in Asia] is just…
[ad_1] Canadian Imperial Bank Of Commerce raised its quarterly dividend as it reported a third-quarter profit of $1.37 billion, a 25 per cent increase from the same period in 2017. RBC kicked off bank earnings yesterday with an 11 per cent increase in third quarter profit. CIBC says it will now pay a quarterly dividend of…
[ad_1] The Supreme Court of Canada has dismissed an application by the City of Burnaby, B.C., to appeal a lower court ruling involving the city’s bylaws and the Trans Mountain pipeline expansion. “The application for leave to appeal is dismissed with costs to the respondents, the Trans Mountain Pipeline ULC and the Attorney General of…
[ad_1] Armory, a startup that has built a CI/CD platform on top the open source Spinnaker project, announced a $10 million Series A today led by Crosslink Capital. Other investors included Bain Capital Ventures, Javelin Venture Partners, YCombinator and Robin Vasan. Software development certainly has changed over the last several years, going from long cycles…
[ad_1] The Supreme Court of Canada announced on Thursday morning it would not allow an appeal from the Toronto Real Estate Board (TREB) that would keep TREB’s members from publishing home sale data on their password-protected sites. TREB has fought a long legal battle to keep the figures in the hands of real estate agents, arguing that posting the data would…
[ad_1] Ontario’s Progressive Conservative government has asked the province’s Superior Court to throw out a petition from the Canadian arm of Tesla Inc. that claims the U.S. company has been treated unfairly in the government’s cancellation of an electric vehicle rebate program. The provincial government’s ministry of transportation said in a response filed Tuesday that…
[ad_1] The United States and China — the world’s two largest economies — are escalating their trade war by implementing 25 per cent tariffs on $16 billion US worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a…
[ad_1] It used to be a one-vendor, stack-driven world in the enterprise. Today, the cloud has changed that and best of breed and interoperability are the watchwords of the day. Two enterprise cloud stalwarts have announced a new integration that brings Box content directly into ServiceNow. For ServiceNow customers, it means that they can access…
[ad_1] LONDON (Reuters) – Britons living in the European Union could lose access to their UK bank accounts and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday. Britain’s Secretary of State for Exiting the European Union, Dominic Raab…
[ad_1] BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), the world’s biggest online retailer, topped first-quarter revenue estimates on Thursday, driven by growth in its core e-commerce business. FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File Photo Alibaba’s U.S.-listed shares…
[ad_1] FRANKFURT (Reuters) – German drugmaker Bayer (BAYGn.DE) sees no reason to re-assess the legal risks from newly acquired Monsanto after the U.S. unit was ordered to pay damages in a lawsuit over alleged links between weed-killer glyphosate and cancer. FILE PHOTO – The logo of Germany’s largest drugmaker Bayer is pictured in Leverkusen April…
[ad_1] Encrypted collaboration app Wickr has added a feather to its cap with a partnership with Psiphon, provider of smart VPN tools. Wickr will use Psiphon’s tech to guarantee your packets get where they need to go regardless of whether you’re at home, at a cafe with bad wi-fi, or at a cafe with bad…
[ad_1] A C.D. Howe study of life expectancy in Canada finds men in the highest earning group can expect to live eight years longer than men who are the lowest earners. For women, the gap in longevity between the richest and the poorest is much less, just three years. The richest can expect to live…
[ad_1] LONDON/RIYADH (Reuters) – Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed as the biggest stock flotation in history, four senior industry sources said on Wednesday. Financial advisers working on the planned listing have been disbanded as Saudi Arabia shifts its attention to a proposed…
[ad_1] LONDON (Reuters) – World stocks came under pressure on Thursday as new tariffs took effect in the U.S./China trade war and markets speculated about U.S. President Donald Trump’s position following legal rulings against two former advisers. FILE PHOTO: Traders work at their desks in front of the German share price index, DAX board, at…
[ad_1] BEIJING (Reuters) – At a trade show in southern Beijing, children and parents crowd around a group of pink and blue dancing robots that resemble toddler-sized Power Rangers. Children play with an iPal robot at Avatarmind’s booth at the World Robot Conference (WRC) in Beijing, China August 17, 2018. REUTERS/Jason Lee The robots –…
[ad_1] This week’s announcement by U.S. President Donald Trump that he plans to cut Obama-era restrictions on coal-fired power plants is just the latest blow in a blatant presidential war on environmentalism. As people around the world choke on forest fire smoke during the world’s third-hottest summer on record, a political urge to create more smog is difficult for…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018.…
[ad_1] SYDNEY (Reuters) – Asian shares slipped on Thursday amid speculation U.S. President Donald Trump’s political position could be threatened by the legal woes of two former advisers and as fresh U.S.-China tariffs took effect. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage…
[ad_1] LONDON (Reuters) – Europe’s new data privacy law has put a small army of tech firms that track people online in jeopardy and is strengthening the hand of giants such as Google and Facebook in the $200 billion global digital advertising industry. FILE PHOTO: A Facebook like button is pictured at the Facebook’s France…
[ad_1] BEIJING (Reuters) – China’s commerce ministry said on Thursday that Beijing will have to continue to fight back against the latest implementation of U.S. tariffs on $16 billion of Chinese goods. China will file a complaint with the World Trade Organization (WTO) against the U.S. action, the ministry also said in a statement on…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song/File Photo The latest round brings to $50 billion the…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of the other’s goods. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song/File Photo The latest round brings to $50 billion the…
[ad_1] BEIJING/WASHINGTON (Reuters) – The United States and China were poised to escalate their trade war on Thursday, with both sides set to implement punitive 25 percent tariffs on $16 billion worth of the other’s goods. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File…
[ad_1] NEW YORK (Reuters) – U.S. stocks were mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull-market run. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2018. REUTERS/Brendan…
[ad_1] (Reuters) – Proxy adviser Glass Lewis & Co has recommended that shareholders in British sportswear retailer Sports Direct International Plc (SPD.L) vote against some directors, including Chief Executive Mike Ashley and Chairman Keith Hellawell, at the company’s annual meeting on Sept. 12. FILE PHOTO: A man arrives for Sports Direct AGM at their headquarters…
[ad_1] CAIRO (Reuters) – Saudi Arabia’s energy minister denied a Reuters report that state oil giant Aramco’s initial public offering will be called off, in a statement issued early on Thursday. FILE PHOTO: Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum, Russia May 25, 2018. REUTERS/Sergei Karpukhin “The…
[ad_1] SYDNEY (Reuters) – Asian shares started cautiously on Thursday as a deadline loomed for fresh U.S. tariffs on China and amid speculation U.S. President Donald Trump’s political position could be threatened by the legal woes of two former advisers. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei…
[ad_1] BENGALURU (Reuters) – U.S. economic growth will slow steadily over the coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists who expect President Donald Trump’s trade war to inflict damage. FILE PHOTO: Shipping containers are stacked for storage at Wando Welch Terminal operated by the South Carolina…
[ad_1] ZURICH (Reuters) – One of Switzerland’s largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs ($5 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow. The windows of a Swiss bank Credit Suisse branch are closed during a May…
[ad_1] WASHINGTON (Reuters) – U.S. and Chinese officials met for the first time in more than two months to try find a way out of their deepening trade conflict, but there was no evidence that the low-key discussions would halt a new round of U.S. tariffs due on Thursday. A delegation of Chinese officials entered…
[ad_1] (Reuters) – Bombardier Inc (BBDb.TO) on Wednesday appointed Danny Di Perna as its aerospace unit’s chief operating officer. The logo of Bombardier is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo Di Perna, who most recently was…
[ad_1] WestJet Airlines is cancelling service between Montreal and Quebec City and cutting back on flights across its network as it reduces capacity to meet consumer demand while also trying to reverse its first quarterly loss in 13 years. The Calgary-based airline said flights between Quebec’s two largest cities will end as of Oct. 28,…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) is expanding its high-end Sapphire brand to include checking accounts, hoping to attract and keep increasingly affluent millennial customers, the largest U.S. bank said on Wednesday. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York…
[ad_1] NEW YORK (Reuters) – Investors in the debt and in the equity options of electric carmaker Tesla (TSLA.O) are betting the take-private deal described by Chief Executive Elon Musk will not materialize. FILE PHOTO: A Tesla electric car supercharger station is seen in Los Angeles, California, U.S. August 2, 2018. REUTERS/Lucy Nicholson/FIle Photo Like…
[ad_1] NEW YORK (Reuters) – Key U.S. government debt yields slid to six-week lows on a flight to safety and the dollar slid further on Wednesday as investors weighed how a conviction and a guilty plea of former advisers will impact U.S. President Donald Trump. A gauge of global equities rose, lifted by higher energy…
[ad_1] In March 2009, Barack Obama was president of the United States, a ship captain named Richard Phillips was about to become famous, and the Beyhive was reluctantly tiring of Single Ladies. It was also a devastating time for stock markets, which had spent the last several months being rocked by a financial crisis so sudden and so deep…
[ad_1] (Reuters) – The S&P 500’s .SPX bull market turned 3,453 days old on Wednesday, making it the longest such streak in history, according to some investors’ definition. The benchmark stock index was off 0.13 percent in midmorning trading, and the market took the milestone in stride a day after the S&P 500 set an…
[ad_1] LONDON/RIYADH (Reuters) – Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday. FILE PHOT: An Aramco employee walks near an oil tank at Saudi Aramco’s Ras Tanura oil refinery and oil…
[ad_1] WASHINGTON (Reuters) – U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve’s last policy meeting showed on Wednesday. The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie…
[ad_1] Ford is recalling the charging cords for more than 50,000 plug-in hybrid and electric cars in North America, including 1,327 Canadian vehicles, because of a risk of fire. Affected are the 2012-2015 model Ford Focus Electric, 2013-2015 Fusion Energi and 2013-15 C-Max Energi plug-in hybrids. Ford said owners will be notified next week by mail.…
[ad_1] Cattle producers on the Prairies are hoping for the best but preparing for the worst as an ongoing drought continues to diminish pastures. “If it’s not a make-or-break issue for [farmers] financially, for some it may be a make-or-break issue for them emotionally,” said Charlie Christie, chairman of the Alberta Beef Producers. “It’s a stressful…
[ad_1] The nascent federal agency designed to find new ways to finance construction of transit systems is making its first investment in a multibillion-dollar electric rail system in Montreal. The Canada Infrastructure Bank says it will provide a $1.28-billion loan to help build the system, best known by its French acronym REM. The loan includes…
[ad_1] It was quite a week for Slack, wasn’t it? The enterprise communications platform confirmed this publication’s earlier report that it had scored another $427 million investment on an over-the-moon valuation of over $7 billion. Slack took a market that had once been in the doldrums and turned it into something significant by making itself more…
[ad_1] SAO PAULO (Reuters) – Amazon.com Inc said on Wednesday it will start selling sportswear and clothing on its Brazilian site, bolstering the list of products that third party vendors offer on its local e-commerce marketplace. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018.…
[ad_1] The end might be near for a seven-year battle that has kept the public from easily finding sales data for homes in the Greater Toronto Area. The Supreme Court of Canada said it will announce on Thursday morning whether it will hear an appeal from the Toronto Real Estate Board (TREB) that would keep…
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) is pressing ahead with the spin- off of its parts maker Magneti Marelli, a spokesman confirmed in Wednesday after reports investment firm KKR was in talks to acquire the unit. Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca “FCA is…
[ad_1] WASHINGTON (Reuters) – The U.S. economy likely created 43,000 more jobs in the 12 months through March than previously estimated, the Labor Department said on Wednesday. FILE PHOTO: A man carrying a stack of job listings listens to a discussion at the One Stop employment center in San Francisco, California, August 12, 2009. REUTERS/Robert…
[ad_1] (Contains offensive language in paragraph 3.) People walk past a closed Nike store in Cape Town, South Africa, August 22, 2018. REUTERS/Mike Hutchings By Ed Stoddard JOHANNESBURG (Reuters) – Some Nike (NKE.N) stores were closed in South Africa on Wednesday after public outcry over a racist comment by a man that local media said…
[ad_1] Statistics Canada says retail sales fell 0.2 per cent in June to $50.7 billion. Economists had expected an increase of 0.1 per cent, according to Thomson Reuters Eikon. The move lower followed a 2.2 per cent increase in May. “The Canadian consumer took a small pause in June, but only after a sprint the…
[ad_1] When you’re working in a key business tool like Slack or Salesforce, you don’t want to switch focus by opening up another application to pull additional information. Evernote Business has let you access Evernote content from these applications for some time, and today it announced some refinements to enhance those integrations. The Slack integration…
[ad_1] Royal Bank of Canada raised its dividend as it reported a record $3.1 billion in net income for its third quarter, up 11 per cent from a year ago. The bank’s results, which beat analyst expectations, were driven by earnings growth in its wealth management, capital markets and personal and commercial banking divisions. Royal…
[ad_1] (Reuters) – U.S. stock futures dipped slightly on Wednesday as President Donald Trump’s political position was threatened by the criminal convictions of two former advisers and on caution ahead of U.S.-China trade talks. A trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August…
[ad_1] LONDON (Reuters) – Stocks faltered and bonds rose on Wednesday as U.S. President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the U.S. dollar reversed course and headed for its sixth straight day of losses. Investors digested the conviction of Trump’s former campaign chairman on eight counts…
[ad_1] PARIS (Reuters) – Newly appointed Air France-KLM Chief Executive Ben Smith held talks with French Transport Minister Elisabeth Borne, a government spokesman said on Wednesday, as the airline group’s unions prepare to decide on further strike action over pay. FILE PHOTO: Air Canada’s Benjamin Smith poses for a picture during a reception at the…
[ad_1] (Reuters) – Lowe’s Cos Inc (LOW.N) missed estimates for quarterly same-store sales on Wednesday as the home improvement retailer bore the brunt of a slowdown in the U.S. housing market, sending its shares down 4 percent. A view of the sign outside the Lowes store in Westminster, Colorado February 26, 2014. REUTERS/Rick Wilking/File Photo…
[ad_1] BEIJING (Reuters) – Some Chinese coal traders handling U.S. imports have begun sourcing future supplies domestically, people with knowledge of the matter said, as they await delivery of the last U.S. cargoes to arrive before hefty tariffs kick in on Thursday in a deepening trade row between the world’s top two economies. FILE PHOTO:…
[ad_1] LONDON (Reuters) – Stocks faltered and bonds rose on Wednesday as U.S. President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the U.S. dollar steadied after five consecutive days of losses. FILE PHOTO: Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski…
[ad_1] Aeroplan members have been taken on a long and bumpy ride. For more than a year, many have worried about what would happen to the travel rewards program when Air Canada ended its participation in June, 2020. Now that the airline — along with partners TD Bank, CIBC and Visa — are poised to buy Aeroplan, members face…
[ad_1] Smartphones, social media, and the speed at which videos go viral are creating new pressures in boardrooms everywhere, whenever executives have to quickly handle a mess-up. At stake? Millions of dollars, the risk of alienating customers, and the possibility of inviting a government crackdown. “They have to say sorry before they’re ready,” says Jaime…
[ad_1] SHANGHAI (Reuters) – Asian stocks inched higher on Wednesday, with sentiment boosted by Wall Street’s rise and a record intraday high for the S&P 500 index, but political headlines in the U.S. and Australia and a retreat in Chinese markets darkened the mood. FILE PHOTO: A man walks in front of a screen showing…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk’s contemplated $72 billion take-private deal is presenting investment bankers with a dilemma: overlook concerns about how feasible it is or risk missing out on what could be this year’s biggest and most high-profile acquisition. FILE PHOTO: A Tesla sales and service center is shown in…
[ad_1] WASHINGTON (Reuters) – U.S. and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by U.S. President Donald Trump that there would be no real progress. FILE PHOTO: The United States flag flies atop the U.S. Treasury Department in Washington November 18, 2008. REUTERS/Jim Bourg/File Photo…
[ad_1] FRANKFURT (Reuters) – Linde (LIN1.DE) said divestments needed to secure regulatory approval for its planned tie-up with Praxair (PX.N) have reached a size that would allow either party to abandon the deal, but added it was in constructive talks with its prospective merger partner. FILE PHOTO: Linde Group logo is seen at a company…
[ad_1] (Reuters) – Sears Holdings Corp (SHLD.O) is facing a familiar foe in its bid to sell off the Kenmore appliances brand: the U.S. government body that oversees the pensions for the company’s 100,000 retirees. FILE PHOTO: Sears Kenmore washing machines are shown for sale inside a Sears department store in La Jolla, California, U.S.,…
[ad_1] DENVER/SHANGHAI (Reuters) – Two U.S. airlines on Tuesday cut routes between China and the United States, underscoring increasingly tough competition from state-backed Chinese rivals as they aggressively expand their fleets with cut-price tickets. FILE PHOTO: An American Airlines Boeing 737-800 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S.…
[ad_1] SHANGHAI (Reuters) – Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street’s rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black. FILE PHOTO: A man walks in front of a screen showing today’s movements of…
[ad_1] (Reuters) – After a seven-month stall, Wall Street’s bull market looks back on track, thanks to Amazon.com Inc (AMZN.O), Alphabet Inc (GOOGL.O) and other high-flying technology and consumer discretionary companies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 21, 2018. REUTERS/Brendan McDermid The widely followed…
[ad_1] SAN FRANCISCO (Reuters) – Lyft has completed more than 5,000 self-driving rides through its ride-hailing app, the company said on Tuesday, as it aims to become a serious competitor in autonomous driving while its biggest rival, Uber, retrenches. Lyft launched its self-driving service in January in Las Vegas, where passengers can take a ride…
[ad_1] NEW YORK (Reuters) – The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. The S&P 500 .SPX rose as much as 0.6 percent to a…
[ad_1] (Reuters) – “Not thrilled” may become a regular state of mind for U.S. President Donald Trump in the months ahead, as the Federal Reserve is likely to press on with interest rate rises to recalibrate policy for an economy boosted by the president’s own tax cuts. FILE PHOTO: U.S. President Donald Trump leaves the…
[ad_1] SHANGHAI (Reuters) – Asian stocks were flat in early trade on Wednesday after Wall Street ended higher, with the S&P 500 index touching a record high on Tuesday, and as lower-level trade talks between the U.S. and China due this week boost hopes of easing trade tensions. FILE PHOTO: A man walks in front…
[ad_1] WASHINGTON (Reuters) – U.S.-Turkey business groups on Tuesday warned that a political dispute between the NATO allies was affecting investor confidence and had forced some firms to suspend investment plans. FILE PHOTO: U.S. President Donald Trump and Turkish President Tayyip Erdogan gesture as they talk at the start of the NATO summit in Brussels,…
[ad_1] BOSTON (Reuters) – With a volatile chief executive and a potential breakthrough product starting production, Tesla Inc (TSLA.O) is a challenging stock to hold. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018. REUTERS/Mike Blake/File Photo Just ask the managers of two well-known T. Rowe…
[ad_1] (Reuters) – Hawaiian Airlines said on Tuesday that it has decided to suspend its thrice-weekly non-stop flight between Honolulu and Beijing after the National Day Golden Week holiday in October. FILE PHOTO – A Hawaiian Airlines Airbus A330-200 takes off at San Francisco International Airport, San Francisco, California, February 16, 2015. REUTERS/Louis Nastro Passengers…
[ad_1] DENVER (Reuters) – American Airlines (AAL.O) is cutting a route between Chicago and Shanghai, canceling the second direct flight from the U.S. city to China in four months, because of higher fuel costs and competition, the carrier said on Tuesday. FILE PHOTO: An American Airlines Boeing 737-800 plane takes off from Los Angeles International…
[ad_1] (Reuters) – U.S. stock futures opened lower late on Tuesday after U.S. President Donald Trump’s former personal lawyer Michael Cohen pleaded guilty to campaign finance violations and other charges. U.S. President Donald Trump’s former lawyer, Michael Cohen, leaves the Daniel Patrick Moynihan United States Court House in lower Manhattan, New York City, U.S. August…
[ad_1] DENVER (Reuters) – United Continental Holdings Inc (UAL.N) is eying joint ventures with three Latin American carriers in the near future, but a deal would not immunize the U.S. airline from the “ups and downs” of the region’s volatile market, President Scott Kirby said on Tuesday. FILE PHOTO: A United Airlines aircraft taxis as…
[ad_1] The United States says it will impose preliminary anti-dumping duties on large-diameter welded pipe from Canada and five other countries. The U.S. Department of Commerce says it will collect 24.38 per cent cash deposits on imports from Canada that were worth almost $180 million US in 2017. The other countries being hit with duties…
[ad_1] NEW YORK (Reuters) – The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. Traders work on the floor of the New York Stock…
[ad_1] After more than a century behind bars, the beasts on boxes of animal crackers are roaming free. Mondelez International, the parent company of Nabisco, has redesigned the packaging of its Barnum’s Animals crackers after relenting to pressure from People for the Ethical Treatment of Animals. PETA, which has been protesting the use of animals…
[ad_1] (Reuters) – British outsourcing company Capita (CPI.L) has poached the finance chief of bus and train company Go-Ahead Group (GOG.L) to become its new CFO, Sky News reported on Tuesday. FILE PHOTO: A woman walks past a sign welcoming visitors to Capita offices in London, Britain, January 31, 2018. REUTERS/Toby Melville/File photo Capita, which…
[ad_1] NEW YORK (Reuters) – The S&P 500 .SPX stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the…
[ad_1] (Reuters) – The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] The benchmark S&P 500 hit an all-time intraday high on Tuesday, the same day it equalled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute. The index rose as much as 0.56 per cent to a record high…
[ad_1] Some marijuana sector stocks are up slightly after Ontario announced supply agreements with 26 licensed producers in preparation for legalization of recreational pot this fall. Smaller producers which signed initial agreements with the Ontario Cannabis Store, which will be selling pot online starting on Oct. 17, saw bigger lifts in the volatile sector. Shares…
[ad_1] NEW YORK (Reuters) – The dollar weakened on Tuesday after U.S. President Donald Trump slammed the Federal Reserve for raising interest rates, while global equity markets rose as strong economic and earnings growth favored stocks in a relatively benign environment. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration…
[ad_1] (Reuters) – The benchmark S&P 500 edged closer to a record high on Tuesday, matching its longest-ever bull-market run, as U.S. stocks rose after some encouraging earnings reports and on hopes that the United States and China could resolve their tariff dispute. Traders work on the floor of the New York Stock Exchange (NYSE)…
[ad_1] A shareholder of Home Capital Group Inc. is urging the alternative mortgage lender to spend $60 million to buy back its shares. In a letter to Home Capital chief executive Yousry Bissada, Kingsferry Capital Management Group Ltd. says it believes the company’s shares are undervalued on the stock market. Kingsferry says it owns a…
[ad_1] Talla is taking aim at the customer service industry with its latest release, an AI-infused knowledge base. Today, the company released version 2.0 of the Talla Intelligent Knowledge Base. The company also announced that Paula Long, most recently CEO at Data Gravity, has joined the company as SVP of engineering. This tool combines customer…
[ad_1] LONDON (Reuters) – Critical comments by U.S. President Donald Trump about the country’s central bank saw the dollar fall for the fourth straight day in its worst spell since March, boosting emerging market stocks and currencies in the process. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo.…
[ad_1] Irving Oil has signed agreements to acquire an Ireland-based energy marketing and distribution group of companies, further expanding its reach across the Atlantic basin. The deal with Tedcastle, which operates under the brand name Top Oil, comes on the heels of Irving Oil’s 2016 purchase of Ireland’s sole refinery in the village of Whitegate.…
[ad_1] Statistics Canada says wholesale sales fell 0.8 per cent in June to $63.1 billion in June. The report was in line with the 0.8 per cent increase economists had expected for the month, according to Thomson Reuters Eikon. The drop came as the motor vehicle and parts subsectors saw sales drop 1.9 per cent…
[ad_1] IoT devices currently lack a standard way of applying security. It leaves consumers, whether business or individuals, left to wonder if their devices are secure and up-to-date. Foundries.io, a company that launched today, wants to change that by offering a standard way to secure devices and deliver updates over the air. “Our mission is…
[ad_1] (Reuters) – U.S. stock index futures rose on Tuesday on hopes that planned trade talks between the United States and China would help resolve the dispute between the world’s two largest economies. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 17, 2018. REUTERS/Brendan McDermid The…
[ad_1] Semmle, a startup that originally spun out of research at Oxford, announced a $21 million Series B investment today led by Accel Partners. It marked the second time Accel has led an investment in the company. Other investors include Work-Bench, Capital One, Credit Suisse, Google, Microsoft, NASA and Nasdaq Trust. Today’s investment brings the…
[ad_1] Air Canada and Aeroplan have struck a deal for the airline to purchase the loyalty program for $450 million. The airline will partner with financial services companies Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Visa Canada to buy Aeroplan from its parent company Aimia Inc. The two sides have been circling each other for weeks, since Air…
[ad_1] NEW YORK (Reuters) – Wall Street’s major indexes rose on Monday on optimism over trade talks between the United States and China, though they fell from session highs after President Donald Trump criticized the Federal Reserve’s raising interest rates. U.S. stocks moved lower in the last 10 minutes of the session after Trump, in…
[ad_1] OSLO (Reuters) – Rules governing Norway’s $1 trillion wealth fund would allow it to stay on as an investor in Tesla (TSLA.O) if the electric carmaker goes private, its deputy CEO said on Tuesday. File illustration picture of Norwegian banknotes of different denominations, taken in Trondheim October 31, 2008. REUTERS/SCANPIX Gorm Kallestad Tesla CEO…
[ad_1] (Reuters) – The Financial Industry Regulatory Authority (FINRA) has fined a unit of Interactive Brokers Group Inc (IBKR.O) $5.5 million for violating several naked short selling rules over a period of at least three years. A sign for the Financial Industry Regulatory Authority (FINRA) is seen outside the offices in New York’s financial district…
[ad_1] (Reuters) – A federal appeals court on Monday revived a lawsuit accusing CBS Corp (CBS.N) and CBS Radio of copyright infringement for playing digitally remastered songs recorded before 1972 by Al Green, the Everly Brothers, Jackie Wilson and others on radio stations and online. FILE PHOTO: The CBS broadcasting logo is seen outside their…
[ad_1] LONDON (Reuters) – Critical comments by U.S. President Donald Trump about the country’s central bank held back some stocks on Tuesday, while the dollar fell for the fourth consecutive day in its worst spell since March. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo…
[ad_1] WASHINGTON (Reuters) – Here are highlights of the Reuters Oval Office interview with U.S. President Donald Trump on Monday. U.S. President Donald Trump reacts to a question during an interview with Reuters in the Oval Office of the White House in Washington, U.S. August 20, 2018. REUTERS/Leah Millis ON TURKEY’S DETENTION OF U.S. PASTOR…
[ad_1] The big Canadian banks are set to reveal their quarterly earnings over the next week, and investors will take a close look to see whether anxiety over higher interest rates and an uncertain trade environment are hurting the economy’s prospects. After all, beneath their staid and boring surface, the five big banks are the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump on Monday ruled out agreeing to any demands from Turkey to gain the release of a detained American pastor and said he was not concerned that his tough stance could end up hurting European and emerging market economies. U.S. President Donald Trump reacts to a question during…
[ad_1] (Reuters) – U.S. President Donald Trump said on Monday he was “not thrilled” with Federal Reserve Chairman Jerome Powell for raising interest rates and accused China and Europe of manipulating their respective currencies. FILE PHOTO: U.S. President Donald Trump listens to a question during an interview with Reuters in the Oval Office of the…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the U.S. president about the yuan and Federal Reserve policy capped gains and weighed on the dollar. FILE PHOTO – Men walk past an electronic board showing market indices outside a brokerage…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he would “most likely” meet again with North Korean leader Kim Jong Un, while defending his efforts to convince Pyongyang to give up its nuclear weapons. U.S. President Donald Trump answers question from Reuters reporters Steve Holland, Jeff Mason and James Oliphant as White…
[ad_1] WASHINGTON/SAN FRANCISCO (Reuters) – The U.S. Federal Reserve, deep into a cycle of rate hikes it hopes to continue into 2020, now faces emerging risks from abroad that could short-circuit its plans. FILE PHOTO: Raphael Bostic, President of the Federal Reserve Bank of Atlanta, poses for a photo in Knoxville, Tennessee, U.S., March 23,…
[ad_1] TOKYO (Reuters) – Daikin Industries, (6367.T) the world’s largest maker of air conditioning equipment, is turning to Africa for further expansion, 10 years after a successful gamble on sharing its key technology with a Chinese company. FILE PHOTO: The logos of Daikin Industries Ltd are seen at the company’s office in Tokyo August 29,…
[ad_1] (Reuters) – Huawei Technology Co’s coming U.S. launch of a solar-panel control device is expected to collide with new Trump administration tariffs on Chinese electronics, undermining a product that analysts had seen as challenging rivals on pricing. FILE PHOTO: People walk past a Huawei sign at CES (Consumer Electronics Show) Asia 2018 in Shanghai,…
[ad_1] TOKYO (Reuters) – Asian stocks rose on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the U.S. president about the yuan and Federal Reserve policy capped gains and weighed on the dollar. FILE PHOTO – Men walk past an electronic board showing market indices outside a brokerage…
[ad_1] SEATTLE (Reuters) – The space company of billionaire Microsoft co-founder Paul Allen on Monday unveiled details of medium-lift rockets and a reusable space cargo plane it is developing, injecting more competition into the lucrative launch services market. FILE PHOTO: Seattle Seahawks owner and Microsoft co-founder Paul Allen (C) waves to the trading floor after…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was worried that any statements under oath he provides to Special Counsel Robert Mueller could be used to bring perjury charges against him as part of the probe into Russia’s electoral interference. In an interview with Reuters, Trump echoed the concerns of his…
[ad_1] WASHINGTON (Reuters) – Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota Motor Corp (7203.T), Volkswagen AG (VOWG_p.DE) and Hyundai Motor Co (005380.KS) has told key U.S. lawmakers. FILE PHOTO: The flags of Canada, Mexico…
[ad_1] TOKYO (Reuters) – Asian stocks were capped and the dollar dipped on Tuesday after U.S. President Donald Trump accused China and Europe of manipulating their currencies and said he was “not thrilled” with the Federal Reserve for hiking interest rates. FILE PHOTO – Men walk past an electronic board showing market indices outside a…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump does not expect much progress from trade talks with China this week in Washington, he told Reuters on Monday. U.S. President Donald Trump listens to a question during an interview with Reuters in the Oval Office of the White House in Washington, U.S. August 20, 2018. REUTERS/Leah…
[ad_1] (Reuters) – U.S. producer ConocoPhillips (COP.N) and Venezuela’s PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities. The logo of Venezuelan oil company PDVSA is seen on a tank…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. U.S. President Donald Trump answers a question during an…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday that it is “very dangerous” for social media companies like Twitter Inc (TWTR.N) and Facebook Inc (FB.O) to silence voices on their services. U.S. President Donald Trump answers a reporter’s question as eight different phones and recording devices placed on his desk by reporters…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was worried that any statements under oath he provides to Special Counsel Robert Mueller could be used to bring perjury charges against him as part of the probe into Russia’s electoral interference. U.S. President Donald Trump answers a question during an interview with…
[ad_1] The company planning the Keystone XL oil pipeline is moving to condemn private land in South Dakota. TransCanada Corp. has filed eminent domain petitions in state court against parcels of Harding County land owned by two families, The Rapid City Journal reported. At least one family plans to fight. Resident Jeffrey Jensen said he’ll…
[ad_1] (Reuters) – U.S. President Donald Trump said on Monday he was “not thrilled” with Federal Reserve Chairman Jerome Powell for raising interest rates and accused China and Europe of manipulating their respective currencies. FILE PHOTO: U.S. President Donald Trump listens to a question during an interview with Reuters in the Oval Office of the…
[ad_1] WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he was “not thrilled” with Federal Reserve Chairman Jerome Powell for raising interest rates and accused China and Europe of manipulating their respective currencies. U.S. President Donald Trump listens to a question during an interview with Reuters in the Oval Office of the White…
[ad_1] (Reuters) – A federal appeals court on Monday revived a lawsuit accusing CBS Corp (CBS.N) of copyright infringement for playing digitally remastered songs recorded before 1972 by Al Green, the Everly Brothers, Jackie Wilson and others on its radio stations and online. FILE PHOTO: The CBS “eye” and logo are seen outside the CBS…
[ad_1] Canadian Pacific Railway Ltd. moved one per cent more grain over the past year than in 2016-17, despite a frigid prairie winter and higher-than-expected crop yields that helped cause a major backlog in early 2018. CP Rail shipped 25.8 million metric tonnes of grain, grain products and soybeans out of Western Canada during the…
[ad_1] LONDON (Reuters) – Sky (SKYB.L) said on Monday that it expected to pay its advisers between 90 million pounds and 97 million pounds ($123.7 million) if Twenty-First Century Fox (FOXA.O) succeeds with its takeover of the British broadcaster. FILE PHOTO: A British Sky Broadcasting Group (BSkyB) logo is seen at the company’s UK headquarters…
[ad_1] (Reuters) – The S&P 500 and Dow Industrials rose on Monday on optimism over Sino-U.S. trade talks, coupled with a rise in materials and energy shares, while a drop in technology stocks weighed on the Nasdaq. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 17,…
[ad_1] BRUSSELS (Reuters) – German industrial gases group Linde (LING.DE) and U.S. rival Praxair (PX.N) secured conditional EU antitrust approval on Monday for their $82 billion merger but still have to clear a major hurdle with U.S. enforcers. FILE PHOTO: Linde Group logo is seen at a company building in Munich-Pullach, Germany August 16, 2016.…
[ad_1] (Reuters) – The S&P 500 and Dow Industrials rose on Monday on optimism around the upcoming Sino-U.S. trade talks, but the Nasdaq fell as technology stocks retreated. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 17, 2018. REUTERS/Brendan McDermid The planned lower-level trade talks between…
[ad_1] Tesla Inc. shares fell Monday as a $113 US cut in JPMorgan Chase’s price target for the electric carmaker added to growing doubts among market players about a plan to take the company private. Slashing its price target for Tesla Inc from $308 to $195 US, the brokerage said it did not believe chief executive…
[ad_1] LONDON (Reuters) – Standard Chartered (STAN.L) is in talks to sell its private equity business to Intermediate Capital Group (ICP.L) (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of its ‘principal finance’ investment business. FILE PHOTO: People walk outside the main branch of Standard…
[ad_1] Venezuela on Monday began to launch dramatic reforms announced by President Nicolas Maduro to rescue a downward-spiraling economy, including a new currency and a more-than-3,000 per cent hike in the minimum wage. The changes start with the introduction of a currency that lops five zeros off the country’s fast-depreciating bills. Maduro says he’ll also…
[ad_1] (Reuters) – U.S. stock index opened higher on Monday as reports of planned trade talks between the United States and China raised hopes of a potential resolution to their trade spat. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 17, 2018. REUTERS/Brendan McDermid Lower-level trade…
[ad_1] Beverage giant PepsiCo on Monday purchased Israel’s fizzy drink maker SodaStream for $3.2 billion US, a boon for a company that has enjoyed a resurgence after being targeted by anti-Israel boycotters in the past. PepsiCo said it was acquiring all SodaStream’s outstanding shares at $144 US per share, a 32 per cent premium to…
[ad_1] NEW YORK (Reuters) – Why settle for nine-and-a-half years when you can do an even 10 or better? That’s the thinking of a lot of investors measuring whether a historically long run in U.S. stocks still has legs. The Charging Bull statue, also known as the Wall St. Bull, is seen in the financial…
[ad_1] JERUSALEM/LONDON (Reuters) – PepsiCo (PEP.O) will buy carbonated drink-machine maker SodaStream (SODA.TA) (SODA.O) for $3.2 billion as it battles Coca-Cola (KO.N) for an edge in the health-conscious beverage market. FILE PHOTO: Employees pack boxes of the SodaStream product at the factory in the West Bank Jewish settlement of Maale Adumim January 28, 2014. REUTERS/Ammar…
[ad_1] LONDON (Reuters) – Shares rose worldwide on Monday on hopes of a resolution to the U.S.-China trade row at talks this week, while Turkey’s lira fell after cuts to the country’s credit ratings and shots were fired outside the U.S. embassy in Ankara. The pan-European STOXX was up 0.6 percent [.EU] and the broad-based…
[ad_1] (Reuters) – T-Mobile US Inc (TMUS.O) is asking smaller wireless operators that piggyback off its network to issue public statements or even write newspaper editorials to help persuade antitrust regulators to approve its proposed $26 billion acquisition of Sprint Corp (S.N). FILE PHOTO: A smartphones with Sprint logo are seen in front of a…
[ad_1] TOKYO (Reuters) – Japan’s Nissan Motor Co (7201.T) will spend around $900 million to build a new auto assembly plant in China that will increase production capacity in the company by 30 percent, the Nikkei newspaper reported on Monday. A car with the Nissan logo badge is seen on display at the North American…
[ad_1] JERUSALEM (Reuters) – PepsiCo (PEP.O) will buy household drink-machine maker SodaStream (SODA.TA) (SODA.O) for $3.2 billion as it battles chief rival Coca-Cola (KO.N) for an edge in the health-conscious beverage market. FILE PHOTO: Employees pack boxes of the SodaStream product at the factory in the West Bank Jewish settlement of Maale Adumim January 28,…
[ad_1] LONDON (Reuters) – Global stocks rose on Monday amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the U.S. embassy in Ankara. FILE PHOTO: A trader sits in front of the computer screens at his desk…
[ad_1] ATHENS (Reuters) – With two euros in his pocket, Yorgos Vagelakos, an 81-year-old retired factory worker, scouts the farmer’s market in his working-class Athens neighborhood for anything he can afford. Like most pensioners, he was hit hard by Greece’s economic crisis. Over eight years, the country’s international bailouts took aim at its pension system…
[ad_1] OSAKA (Reuters) – In late July, a lavish fireworks display lit up Osaka’s skies in the finale to one of Japan’s most famous festivals, courtesy of a first-time sponsor: Macau casino operator Melco Resorts and Entertainment Ltd (MLCO.O). Aerial view of Yumeshima, the proposed site for a casino resort is pictured in Osaka, Japan,…
[ad_1] An international online property powerhouse has purchased one of the world’s top web-based, commission-free real estate companies in a bid to shake up the Canadian home-selling industry. Last month’s successful $51-million bid for Quebec-based duProprio means “For Sale” signs bearing the name Purplebricks will soon start popping up across Canada, says the company’s president, Michael Bruce. Also watch for some…
[ad_1] (Reuters) – PepsiCo Inc (PEP.O) said on Monday it would buy Israel-based Sodastream (SODA.TA), which makes fizzy drink-making household devices, in a deal valued at $3.2 billion. FILE PHOTO: Employees pack boxes of the SodaStream product at the factory in the West Bank Jewish settlement of Maale Adumim January 28, 2014. REUTERS/Ammar Awad PepsiCo…
[ad_1] (Reuters) – The UK’s Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker’s (TED.L) accounts. FILE PHOTO: The KPMG logo is seen at their offices at Canary Wharf financial district in London, Britain,…
[ad_1] WASHINGTON (Reuters) – A broad cross-section of U.S. businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins. FILE PHOTO: Shipping containers, including one labelled “China Shipping,” are stacked at…
[ad_1] SYDNEY (Reuters) – Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China November 24, 2017. REUTERS/Aly Song/File…
[ad_1] SINGAPORE/BENGALURU (Reuters) – Embattled commodity trader Noble Group Ltd (NOBG.SI) said on Monday that its founder, Richard Elman, will not take up a previously announced position as an executive director in the restructured company, citing “personal reasons”. FILE PHOTO: Noble Group founder and Chairman Richard Elman poses at his office in Hong Kong, China…
[ad_1] SYDNEY (Reuters) – Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from dangerous lows. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China November 24, 2017. REUTERS/Aly Song/File Photo…
[ad_1] SYDNEY (Reuters) – Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira for any new signs of strain. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house…
[ad_1] HONG KONG (Reuters) – Global luxury brands from Prada (1913.HK) to LVMH (LVMH.PA) are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world’s second-largest economy slows. FILE PHOTO: Shopping windows of Italian luxury brand Versace are seen…
[ad_1] SHENZHEN, China/SHANGHAI (Reuters) – Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America’s biggest retailers. FILE PHOTO: The…
[ad_1] LONDON (Reuters) – Iran’s vice president said on Sunday the government was seeking solutions to sell oil and transfer its revenues after the United States withdrew from a nuclear deal with Tehran and slapped fresh sanctions on Iranian energy and banking sectors. FILE PHOTO: Iranian Vice President Eshaq Jahangiri speaks during a news conference…
[ad_1] (Reuters) – PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc (TSLA.O) CEO Elon Musk has said could help him fund an offer to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday. California-based Lucid Motors…
[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. Google’s tracking you, even if you tell it not to Some Google apps on Android devices and iPhones store your location data even if you’ve used privacy settings that say they…
[ad_1] LONDON (Reuters) – Iran told OPEC on Sunday no member country should be allowed to take over another member’s share of oil exports, expressing Tehran’s concern about Saudi Arabia’s offer to pump more oil in the face of U.S. sanctions on Iranian oil sales. FILE PHOTO: A gas flare on an oil production platform…
[ad_1] A few decades ago there was hype around hydrogen because of how one day it may replace gasoline and diesel as the fuel most use to fill up their tanks. The use of hydrogen is still in its infancy, but it’s growing in Canada. The potential is significant for how the most abundant element in the universe could change the…
[ad_1] When we think about designing our dream home, we don’t think of having a thousand roommates in the same room with no doors or walls. Yet in today’s workplace where we spend most of our day, the purveyors of corporate office design insist that tearing down walls and bringing more people closer together in…
[ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said. Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May…
[ad_1] Farmers and ranchers across the prairies have been facing off against hot and dry weather conditions for the past year, and a drought researcher says simulations show it’s time to start treating these conditions as the “new normal.” “It’s not a crisis right now, but it’s building to a different threshold that we need to…
[ad_1] BEIJING (Reuters) – Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad (DRBM.KL) to upgrade the Malaysia carmaker’s line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets. FILE PHOTO: The Geely Automobile…
[ad_1] Bell and Rogers say new rules mandating all Canadian wireless carriers sell unlocked phones have triggered a rise in phone thefts. “There have been multiple instances of armed robberies at our stores targeting unlocked, new devices,” Bell said in a submission to the CRTC. The broadcast regulator had requested information from carriers to assess how its…
[ad_1] NEW YORK (Reuters) – Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue. FILE PHOTO: Traders and guests gather for the IPO of PermRock Royalty Trust on the…
[ad_1] SAO PAULO (Reuters) – Brazilian meatpacker Marfrig Global Foods SA (MRFG3.SA) has agreed to sell its U.S. subsidiary, a key McDonald’s supplier, to Tyson Foods Inc (TSN.N) for $2.5 billion, two people with knowledge of the matter told Reuters on Friday. FILE PHOTO Tyson Foods brand frozen chicken wings are pictured in a grocery…
[ad_1] NEW YORK (Reuters) – Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the U.S. market while trade disputes and slowing global economic growth would dampen demand for oil. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near…
[ad_1] WASHINGTON (Reuters) – A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington. FILE PHOTO:…
[ad_1] WASHINGTON (Reuters) – The top U.S. securities regulator on Friday said it had voted to simplify and update requirements for disclosing information that it considers redundant or outdated, with the aim of reducing compliance burdens for companies. FILE PHOTO: The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington,U.S., on…
[ad_1] WASHINGTON (Reuters) – The Securities and Exchange Commission will continue to study the frequency of public company reporting after President Donald Trump called on the agency to consider shifting from quarterly to semiannual reports, SEC Chairman Jay Clayton said on Friday. FILE PHOTO: Jay Clayton, Chairman of the Securities and Exchange Commission, listens during…
[ad_1] (Reuters) – U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] (Reuters) – U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months. FILE PHOTO: The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington,U.S., on July 6, 2009. REUTERS/Jim Bourg/File…
[ad_1] SAN FRANCISCO (Reuters) – A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long rally may be low on fuel. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] ISTANBUL (Reuters) – Moody’s cut Turkey’s sovereign credit rating deeper into “junk” territory on Friday, citing a weakening of public institutions and the related reduction in the predictability of policy making in a country which is facing a currency crisis. People change money at a currency exchange office in Istanbul, Turkey August 17, 2018.…
[ad_1] ISTANBUL (Reuters) – Standard & Poor’s said on Friday it had cut Turkey’s sovereign credit rating deeper into “junk” territory, citing extreme lira volatility and forecasting a recession next year, adding to the country’s woes as it deals with a currency crisis. Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey…
[ad_1] NEW YORK (Reuters) – U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico. Chinese and U.S. negotiators are planning talks to resolve…
[ad_1] CARACAS/MARACAIBO (Reuters) – Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible. People line up to withdraw cash from an automated teller machine (ATM)…
[ad_1] ISTANBUL (Reuters) – Turkey’s battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention “sitting down”. The case of Andrew Brunson, an evangelical Christian missionary from North Carolina…
[ad_1] (Reuters) – Walmart Inc (WMT.N) has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration. A Walmart sign is pictured at one of their stores in Monterrey, Mexico, August…
[ad_1] FRANKFURT (Reuters) – Thyssenkrupp’s (TKAG.DE) workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine. FILE PHOTO: Thyssenkrupp’s logo is seen close to an elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo…
[ad_1] A U.S. national security review has given a green light to the Canadian government’s planned purchase of Kinder Morgan’s Trans Mountain pipeline project, moving the transaction one step closer to completion. In July, CBC News reported that the deal was contingent in part on getting clearance from the Committee on Foreign Investments in the United States,…
[ad_1] SAN FRANCISCO (Reuters) – The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect’s voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for “extreme torture” from short sellers. Tesla stock was on track for its biggest daily slump in two years as Wall Street questioned…
[ad_1] NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said meetings with corporate executives prompted him to ask the U.S. Securities and Exchange Commission (SEC) to study letting public companies file financial reports every six months instead of every quarter. Half-yearly reporting would mark a huge change in U.S. disclosure requirements and put…
[ad_1] NEW YORK – Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24,…
[ad_1] Cryptocurrency projects can crash and burn if developers don’t predict how humans will abuse their blockchains. Once a decentralized digital economy is released into the wild and the coins start to fly, it’s tough to implement fixes to the smart contracts that govern them. That’s why Incentivai is coming out of stealth today with…
[ad_1] (Reuters) – Goldman Sachs Group Inc (GS.N) is facing a probe from U.K. regulators over its reporting practices tied to new rules in European markets, Bloomberg reported on Friday, citing people with knowledge of the matter. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the…
[ad_1] (Reuters) – Weak forecasts from Nvidia and Applied Materials hit chipmakers and dragged the Nasdaq lower on Friday, while the S&P 500 and Dow Industrials were kept afloat by gains in the defensive sectors such as telecoms and consumer staples. Specialist trader Meric Greenbaum works at his post on the floor of the New…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) shares slumped as much as 9 percent on Friday after Chief Executive Elon Musk told the New York Times that his tweet last week about taking the company private was not reviewed by anybody. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors’ new showroom…
[ad_1] A major DavidsTea shareholder says the founder’s takeover of the board of directors at the beverage company will cause it to continue to lose good employees and fall far behind its potential. TDM Growth Partners, which holds 12 per cent of the company’s shares, sent a letter to three independent directors giving them five…
[ad_1] NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said meetings with corporate executives had prompted him to ask the U.S. Securities and Exchange Commission (SEC) to study letting public companies file financial reports every six months instead of every quarter. Half-yearly reporting would mark a huge change in U.S. disclosure requirements and…
[ad_1] NEW YORK – Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would relieve concerns over trade tariffs. Specialist trader Meric Greenbaum works at his post on the floor of the New York Stock Exchange (NYSE)…
[ad_1] Klarity, a member of the Y Combiner 2018 Summer class, wants to automate much of the contract review process by applying artificial intelligence, specifically natural language processing. Company co-founder and CEO Andrew Antos has experienced the pain of contract reviews first hand. After graduating from Harvard Law, he landed a job spending 16 hours…
[ad_1] Tesla shares are falling as investors deal with another surprising development surrounding CEO Elon Musk. Musk admitted in an interview with The New York Times that stress is taking a heavy toll on him. The company has been under pressure to increase production of its Model 3 sedan, and Musk said that he was…
[ad_1] U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. Publicly traded companies in the United States currently file their earnings reports every three months, or four…
[ad_1] (Reuters) – The Nasdaq Composite opened lower on Friday as weak forecasts from Applied Materials and Nvidia weighed on chip stocks, while rising crude prices boosted energy stocks and helped the S&P and the Dow Industrials cut their losses. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] The inflation rate rose in every province in July, according to Statistics Canada. (Yuya Shino/Reuters) Canada’s inflation rate rose to its highest level since 2011 last month, as higher prices for airplane tickets, tourism and gasoline pushed the rate to three per cent. Statistics Canada said Friday the consumer price index hit an annual rate…
[ad_1] SAO PAULO (Reuters) – Tyson Foods (TSN.N) agreed to acquire U.S.-based chicken processor Keystone Foods from Brazilian meatpacker Marfrig Global Foods SA (MRFG3.SA) for $2.5 billion, two sources with knowledge of the matter said on Friday. FILE PHOTO Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan…
[ad_1] TOKYO/MOSCOW (Reuters) – Oil prices rose on Friday but were heading for yet another weekly decline as concerns intensified that trade disputes and slowing global economic growth could hit demand for petroleum products. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15,…
[ad_1] (Reuters) – U.S. stock index futures dipped on Friday as dour forecasts from Applied Materials and Nvidia weighed on shares of chipmakers and a recovery in Turkey’s lira ran out of steam. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 13, 2018. REUTERS/Brendan McDermid Shares…
[ad_1] AMSTERDAM/PARIS (Reuters) – Air France-KLM (AIRF.PA) shares fell on Friday in response to the hostile reception from unions to the company’s new boss Benjamin Smith, while the airline’s Dutch pilots threatened to strike over working conditions. FILE PHOTO: A KLM Boeing 737-700 aircraft taxis to runway at the Chopin International Airport in Warsaw, Poland…
[ad_1] TOKYO/MOSCOW (Reuters) – Oil prices edged up on Friday but were heading for yet another weekly decline amid increasing concern over trade disputes and slowing global economic growth that could hit demand for petroleum products. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma…
[ad_1] LONDON (Reuters) – World stocks rose on Friday as news of plans for U.S.-China trade talks soothed nerves over their tariff war, while the recovery in Turkey’s lira ran out of steam. A share trader checks his screens at the stock exchange in Frankfurt, Germany October 2, 2017. REUTERS/Kai Pfaffenbach The MSCI All-Country World…
[ad_1] TOKYO (Reuters) – Oil prices dipped on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma…
[ad_1] A David and a Goliath have shaken up the investment industry this month with new investment products that take the growing trend of low-fee investing one step further and charge no fees at all. Major money manager Fidelity Investments announced last week that it would offer two mutual funds with a management expense ratio of…
[ad_1] BEIJING (Reuters) – Japan’s Toyota Motor Corp (7203.T) will build additional capacity at its auto plant in China’s Guangzhou, a company source said, in addition to beefing up production at a factory in Tianjin city by 120,000 vehicles a year. FILE PHOTO: A Toyota Mirai car is seen during a presentation at the 16th…
[ad_1] ATHENS (Reuters) – Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures. FILE PHOTO: A group of riot policemen is…
[ad_1] MOSCOW (Reuters) – Russia’s sanctions-hit aluminum giant Rusal (0486.HK) said on Friday its board had discussed and approved a change of domicile from Britain’s Jersey to Russia in order to take advantage of new special tax regulations. The logo of Russian aluminium producer Rusal is seen on a board at the St. Petersburg International…
[ad_1] MOSCOW (Reuters) – Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and is lessening its dependence on imported technology. FILE PHOTO: A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January…
[ad_1] (Reuters) – Elon Musk has no plans to relinquish his dual role as chairman and chief executive officer of Tesla Inc (TSLA.O), he said in an interview with the New York Times on Thursday. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space…
[ad_1] NEW YORK (Reuters) – U.S. stocks and emerging market currencies rebounded on Thursday after China said it will hold trade talks with the United States this month and Turkey’s lira continued its recovery. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2018. REUTERS/Brendan McDermid…
[ad_1] (Reuters) – Federal regulators are pressing Tesla Inc’s (TSLA.O) directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to take the company private, the Wall Street Journal reported on Thursday, citing a person familiar with the matter. FILE PHOTO: Tesla…
[ad_1] NEW YORK/BOSTON (Reuters) – OxyContin maker Purdue Pharma LP has tapped law firm Davis Polk & Wardwell LLP for financial restructuring advice, as its potential liabilities swell with a wave of lawsuits over the opioid addiction epidemic sweeping the United States, people familiar with the matter said on Thursday. FILE PHOTO: Bottles of prescription…
[ad_1] TOKYO (Reuters) – Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma…
[ad_1] TOKYO (Reuters) – Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week. FILE PHOTO: A man walks past an electronic board showing Japan’s Nikkei…
[ad_1] SAN FRANCISCO (Reuters) – Google is not close to launching a search engine app in China, its chief executive told staff on Thursday, the New York Times reported, as employees of the Alphabet Inc (GOOGL.O) unit called for more transparency and oversight of the project. The brand logo of Alphabet Inc’s Google is seen…
[ad_1] (Reuters) – Nvidia Corp (NVDA.O) dominates chips for training computers to think like humans, but it faces an entrenched competitor in a major avenue for expansion in the artificial intelligence chip market: Intel Corp (INTC.O). FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May…
[ad_1] SAN FRANCISCO (Reuters) – An employee fired from Tesla Inc’s (TSLA.O) Nevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said on Thursday.…
[ad_1] NEW YORK (Reuters) – U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence. A broad rally pulled all three major U.S. indexes higher following Wednesday’s sell-off. Walmart Inc (WMT.N) shares jumped 9.3 percent after the world’s…
[ad_1] (Reuters) – Nvidia Corp (NVDA.O) shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations. NVIDIA computer graphic cards are shown for sale at a retail store…
[ad_1] (Reuters) – Upscale department store Nordstrom Inc (JWN.N) saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores. FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, U.S., February 23, 2017. REUTERS/Rick Wilking/File Photo…
[ad_1] WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer on Thursday expressed hope a breakthrough could be made in coming days on reworking the NAFTA trade deal, though his Mexican counterpart said flexibility was needed to reach agreement. FILE PHOTO: U.S. Trade Representative Robert Lighthizer testifies before Senate Appropriations Commerce, Justice, Science, and Related Agencies…
[ad_1] The National Energy Board says Trans Mountain Pipeline ULC can start construction on sections of its pipeline expansion in Alberta and British Columbia. The NEB says in a statement that Trans Mountain has met all applicable pre-construction condition requirements for so-called segments one to four from the Edmonton terminal to its Darfield pump station…
[ad_1] BOSTON (Reuters) – Information about Elon Musk’s efforts to take Tesla Inc (TSLA.O) private is scarce. But some small investors wonder if top funds have an edge. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. REUTERS/Toru Hanai/File Photo In a blog post on…
[ad_1] Tesla Motors Canada is suing the Ontario government, alleging it has suffered “substantial harm” and lost sales amid the cancellation of an electric vehicle rebate. In mid-July, Ontario Premier Doug Ford scrapped the province’s Electric and Hydrogen Vehicle Incentive Program, which was brought in by the previous Liberal government. The program offered rebates of up…
[ad_1] Work-Bench, a New York City venture capital firm that spends a lot of time around Fortune 1000 companies, has put together The Work-Bench Enterprise Almanac: 2018 Edition, which you could think of as a State of the Enterprise report. It’s somewhat like Mary Meeker’s Internet Trends report, but with a focus on the tools…
[ad_1] One of the world’s largest short-term rental websites is inviting the Trudeau Liberals to create a regulatory regime for the burgeoning industry — something its critics have long advocated and raising pressure on the government to set rules in the market. Airbnb’s budget proposal to the House of Commons finance committee asks the federal…
[ad_1] ISTANBUL (Reuters) – Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting its banks were healthy and signalling it could ride out a dispute with the United States. In a conference call with thousands of investors and economists, Albayrak – who is President Tayyip…
[ad_1] Air Canada chief operating officer Ben smith will leave the company to become the chief executive at Air France-KLM. Air Canada confirmed that Smith will resign his position with the company effective August 31. Air Canada said Smith was leaving to become CEO at a “European-based global airline.” “We wish Ben well in his…
[ad_1] CHICAGO (Reuters) – America’s two biggest independent seed sellers, Beck’s Hybrids and Stine Seed, told Reuters they are pushing U.S. environmental regulators to bar farmers from spraying dicamba weed killer during upcoming summers in a potential blow to Bayer AG’s Monsanto Co. Rodrigo Werle, a weed scientist at the University of Wisconsin inspects soybean…
[ad_1] WASHINGTON (Reuters) – White House counsel Don McGahn called the head of Federal Communications Commission in July to ask about the status of Sinclair Broadcast Group Inc’s (SBGI.O) now abandoned $3.9 billion acquisition of Tribune Media Co (TRCO.N). The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles,…
[ad_1] Shares of Second Cup gained almost eight per cent on Thursday, a day after the coffee chain said it was eyeing converting some of its Ontario outlets to cannabis shops. Second Cup shares were higher by 21 cents to $2.93 in late morning trading on the Toronto Stock Exchange On Wednesday, after stock markets had…
[ad_1] Tim Hortons admits it’s fallen behind the competition with its packaging, but change is coming to your coffee cup and it will start with the lid. Executives from the fast food giant tell The Canadian Press the company has been using the same lids for 20 years despite consumer complaints that they leak. Tim…
[ad_1] Canadian manufacturing sales rose more than expected in June, boosted by a 16 per cent surge in oil and coal shipments. Statistics Canada said Thursday manufacturing sales were up 1.1 per cent to $58.1 billion in June, following a 1.5 per cent increase in May. Economists had expected an increase of 0.9 per cent…
[ad_1] ISTANBUL (Reuters) – Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting the country’s banks were healthy and signalling it could ride out a row with the United States. FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50 Turkish lira…
[ad_1] (Reuters) – U.S. supermarket operator Kroger Co (KR.N) said it will start testing driverless grocery delivery on Thursday with technology partner Nuro at a single Fry’s Food Store in Scottsdale, Arizona. Nuro’s R1 driverless delivery van is seen packed with bags from Kroger’s Fry’s Food Stores, which will begin a test of the vehicle…
[ad_1] A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for the Keystone XL crude oil pipeline, a move that could delay the project and prove a setback for the Trump administration. For more than a decade, environmentalists, tribal groups, and ranchers…
[ad_1] Bell Media has signed a new long-term agreement that will see it become the exclusive Canadian broadcaster for new programming from Vice Media network Viceland. Financial terms of the deal were not immediately available. The companies say the shows will debut on multiple Bell Media platforms, including CraveTV, in the fall. They say new…
[ad_1] When Cisco bought Ann Arbor, Michigan security company, Duo for a whopping $2.35 billion earlier this month, it showed the growing value of security and security startups in the view of traditional tech companies like Cisco. In yesterday’s earnings report, even before the ink had dried on the Duo acquisition contract, Cisco was reporting that…
[ad_1] NEW YORK (Reuters) – Walmart Inc (WMT.N) on Thursday reported quarterly earnings and sales that topped estimates, as more shoppers visited its stores and a revamped website drove purchases online, sending its shares soaring more than 11 percent in premarket trade. FILE PHOTO: The logo of Walmart is seen on shopping trolleys at their…
[ad_1] NEW YORK (Reuters) – Walmart Inc (WMT.N) on Thursday said its U.S. comparable sales grew the most in a decade and its e-commerce sales grew 40 percent, higher than 33 percent growth in the previous quarter, sending its shares up nearly 11 percent in premarket trade. FILE PHOTO: The logo of Walmart is seen…
[ad_1] (Reuters) – J.C. Penney Co Inc (JCP.N) on Thursday reported sales at established stores below analysts’ estimates as the department store chain discounted heavily to clear inventory, sending its shares down 15 percent. FILE PHOTO: A shopper checks on merchandise at the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017.…
[ad_1] NEW YORK (Reuters) – Walmart Inc (WMT.N) on Thursday reported a 40 percent rise in U.S. e-commerce sales during the second quarter, faster than the previous quarter’s 33 percent advance. FILE PHOTO: The logo of Walmart is seen on shopping trolleys at their store in Sao Paulo, Brazil February 14, 2018. REUTERS/Paulo Whitaker/File Photo…
[ad_1] BEIJING (Reuters) – China will hold a fresh round of trade talks with the United States in Washington later this month, Beijing said on Thursday, offering a glimmer of hope for progress in resolving a conflict that has set world financial markets on edge. A Chinese delegation led by Vice Minister of Commerce Wang…
[ad_1] ISTANBUL (Reuters) – The Turkish lira strengthened three percent on Thursday before a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel tariffs on Turkey even if it frees a U.S. pastor. FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50…
[ad_1] NEW YORK (Reuters) – Equities around the world took a dive led by emerging market stocks on Wednesday and commodities tumbled as investors looked for safety due to worries about China and Turkey. Oil and metal futures fell sharply and the dollar faded after hitting a 13-month high earlier in the day. While fears…
[ad_1] WASHINGTON (Reuters) – Turkey should commit to sound economic policies to promote stability and reduce imbalances at a time of market volatility, an IMF spokesperson said on Wednesday as a row between Washington and Ankara over the jailing of an American pastor dragged on. The spokesperson, speaking on condition of anonymity, said there was…
[ad_1] ISTANBUL (Reuters) – The Turkish lira rallied 3 percent on Thursday ahead of a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel tariffs on Turkey even if it frees a U.S. pastor. FILE PHOTO: A 100 Turkish lira banknote is seen on top of…
[ad_1] LONDON (Reuters) – Amazon.com Inc (AMZN.O) is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region’s financial services. FILE PHOTO: The logo of Amazon is seen…
[ad_1] PARIS (Reuters) – The major trade unions representing Air France KLM (AIRF.PA) staff issued a joint statement on Thursday to protest the likely choice of Air Canada (AC.TO) executive Benjamin Smith as Air France KLM’s new chief executive. FILE PHOTO: Benjamin Smith, President of Air Canada poses for a picture during a reception at…
[ad_1] LONDON (Reuters) – Britain’s Takeover Panel said on Thursday it had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay-television group Sky. FILE PHOTO – The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018. REUTERS/Lucy Nicholson Disney…
[ad_1] NEW YORK (Reuters) – President Donald Trump has repeatedly called for a weaker U.S. dollar in a bid to help U.S. exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback. FILE PHOTO: A U.S. 100 dollar banknote is…
[ad_1] ISTANBUL (Reuters) – The Turkish lira eased slightly but remained below 6.0 against the dollar on Thursday after the United States ruled out removing steel tariffs on Turkey even if Ankara frees a U.S. pastor, and after Qatar pledged $15 billion in investment to Turkey. FILE PHOTO: A 100 Turkish lira banknote is seen…
[ad_1] BEIJING (Reuters) – China said on Thursday a delegation would attend the next round of trade talks with U.S. counterparts in Washington later this month, in the latest bid to defuse a conflict that has set world markets on edge. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China…
[ad_1] TOKYO (Reuters) – Asian shares pulled away from one-year lows on Thursday, after Beijing said it will hold trade talks with Washington this month, although Turkey’s currency crisis and fears of an economic slowdown in China kept most markets in the red. FILE PHOTO – People walk past an electronic board displaying various Asian…
[ad_1] WASHINGTON (Reuters) – There is no indication that Turkish authorities are considering asking for IMF financial assistance, a spokesperson for the International Monetary Fund said on Wednesday. “In light of recent market volatility, the new administration will need to demonstrate a commitment to sound economic policies to promote macroeconomic stability and reduce imbalances,” an…
[ad_1] ISTANBUL/WASHINGTON (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities…
[ad_1] TOKYO (Reuters) – Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth. FILE PHOTO – People walk past an electronic board displaying various Asian countries’ stock price…
[ad_1] WASHINGTON (Reuters) – President Donald Trump said on Wednesday his tariffs on foreign steel are saving the U.S. industry and he predicted that in the future American steelmakers will mostly face domestic competition, the Wall Street Journal reported. FILE PHOTO: U.S. President Donald Trump speaks about trade at the Granite City Works steel coil…
[ad_1] ISTANBUL/WASHINGTON (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities…
[ad_1] BEIJING (Reuters) – Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. FILE PHOTO: An employee walks past as he checks on…
[ad_1] (Reuters) – Cisco Systems Inc (CSCO.O) topped Wall Street targets for quarterly revenue and profit and forecast first-quarter sales above estimates on Wednesday, as the network gear maker’s transition to a software-focused company gains traction. FILE PHOTO: A Cisco Systems sign is seen outside a Cisco health clinic at Cisco Systems in San Jose,…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plan to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. The electric carmaker’s shares fell as much as 4 percent but cut their…
[ad_1] NEW YORK (Reuters) – U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T (T.N), accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. In a 69-page complaint filed with the U.S. District Court in…
[ad_1] NEW YORK, (Reuters) – Wall Street fell in a day of heavy trading on Wednesday with the S&P 500 posting its biggest percentage drop since late June as investors turned risk-averse on disappointing earnings and escalating global tariff worries. Chinese technology company Tencent Holdings Ltd (0700.HK) reported its first profit decline in almost 13…
[ad_1] Two French airline unions blasted Air France-KLM this week after reports the Franco-Dutch carrier will name an Air Canada executive as its new CEO. Several French news outlets have reported Air Canada chief operating officer Ben Smith is poised to be placed in the pilot’s seat at a board meeting Thursday. Smith, who has…
[ad_1] A lawyer for U.S. short-seller Marc Cohodes says an application for an order preventing him from trading shares of Calgary-based Badger Daylighting Ltd. is “rushed” and unnecessary. Andrew Wilson told an Alberta Securities Commission hearing in Calgary that Badger can to pursue a civil remedy against the California-based investor. ASC counsel Don Young says…
[ad_1] SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. FILE PHOTO: An Uber logo is seen on a car…
[ad_1] Uber is still struggling to make money while the ride-hailing service’s CEO deals with the headaches left behind by his predecessor. The second-quarter results released Wednesday show Uber’s pioneering service continues to reel in more passengers and revenue, despite a variety of debacles that have tarnished its reputation and spurred some disillusioned riders to…
[ad_1] ISTANBUL (Reuters) – Turkey’s Gulf ally Qatar pledged $15 billion of investment into the Turkish economy on Wednesday, offering further support to a lira rally after the central bank tightened liquidity and curbed selling of the currency. Qatar’s Emir approved the package of economic projects, investments and deposits after a meeting in Ankara with…
[ad_1] PARIS (Reuters) – French pilot unions hit out at the possible appointment of Air Canada’s chief operating officer Benjamin Smith as Air France-KLM’s new boss, after several newspapers reported that he was poised to be named to the job on Thursday. Benjamin Smith, President of Air Canada poses for a picture during a reception…
[ad_1] HOUSTON (Reuters) – A federal judge rejected Exxon Mobil Corp’s motion to dismiss a securities suit alleging the company and top executives misled investors about the impact of climate change on its business. FILE PHOTO: A sign is seen in front of the Exxonmobil Baton Rouge Refinery in Baton Rouge, Louisiana, November 6, 2015.…
[ad_1] ISTANBUL (Reuters) – Facing Turkey’s gravest currency crisis since 2001 in his first month in the job, Finance Minister Berat Albayrak has the daunting task of reassuring global investors that the economy is not hostage to political interference. FILE PHOTO: Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce his…
[ad_1] The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. Subpoenas typically indicate the SEC has opened a formal investigation into a matter. Tesla and the…
[ad_1] WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk’s plans to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa,…
[ad_1] Shopify is banning the sale of some firearms and their related parts through its platform. A policy update that the Ottawa-based e-commerce firm quietly posted this week shows Shopify merchants can no longer use the platform to sell automatic firearms that have not been rendered inoperable and semi-automatic firearms that have the capacity to…
[ad_1] Canadian grocery giant Metro Inc. is already facing pressure from suppliers to accept higher prices in light of a recent tariff war with the United States and consumers should expect slightly higher food bills in the future, its CEO said Wednesday. “We’re starting to get demands from some suppliers who are, whose products will…
[ad_1] Noisy open offices don’t foster collaboration, they kill it, according to a Harvard study that found the less-private floor plan led to a 73 percent drop in face-to-face interaction between employees and a rise in emailing. The problem is plenty of young companies and big corporations have already bought into the open office fad.…
[ad_1] Constellation Brands, a massive alcohol beverage company, is investing $5 billion into Smiths Falls, Ont.-based cannabis company Canopy Growth. According to a press release, Constellation Brands is increasing its ownership of Canopy Growth, the world’s largest publicly traded cannabis company, to 38 per cent by acquiring 104.5 million shares. “Through this investment, we are selecting Canopy…
[ad_1] RunSafe, a Mclean Virginia startup, got started doing research for DARPA on how to defend critical infrastructure. They built a commercial product based on that initial research that they claim eliminates an entire class of attacks. Today, the company released a product called Alkemist that enables customers to install the solution without help from…
[ad_1] The average price of a Canadian home was $481,500 last month, a rise of one per cent in the past year. July marked the first time this year that average house prices eked out an annual increase, the Canadian Real Estate Association said Wednesday, as the impact of tougher mortgage rules implemented earlier this…
[ad_1] As the world shifts to a cloud native approach, the way you secure applications as they get deployed is changing too. Twistlock, a company built from the ground up to secure cloud native environments, announced a $33 million Series C round today led by Iconiq Capital. Previous investors YL Ventures, TenEleven, Rally Ventures, Polaris…
[ad_1] ISTANBUL (Reuters) – Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after the central bank’s liquidity moves had the effect of supporting the currency. Ankara acted amid increased tension between the two NATO allies over Turkey’s detention of…
[ad_1] Oracle, a company not exactly known for having the best relationship with the open source community, is releasing a new open source tool today called Graphpipe, which is designed to simplify and standardize the deployment of machine learning models. The tool consists of a set of libraries and tools for following the standard. Vish…
[ad_1] RIO DE JANEIRO (Reuters) – Brazil’s antitrust watchdog Cade is considering opening an investigation into Google over alleged abuses in its cell phone operating system, the president of the agency said in an interview published on Wednesday in newspaper Valor Economico. The brand logo of Alphabet Inc’s Google is seen outside its office in…
[ad_1] New Zealand has banned most foreigners from buying homes as it tries to tackle runaway housing prices. The housing market had been open to investors worldwide, but the government on Wednesday passed legislation that allows only New Zealand residents to purchase homes. In recent years, there have been many anecdotal stories of wealthy foreigners from Silicon…
[ad_1] HONG KONG (Reuters) – U.S. private equity firm Blackstone Group LP (BX.N) has signed a deal to invest $400 million in Hong Kong-listed YiChang HEC ChangJiang Pharmaceutical Co. (1558.HK) via convertible bonds, HEC said Wednesday. The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the…
[ad_1] WEST CHESTER, Pa. (Reuters) – The Home Shopping Network is getting an image makeover. A studio set is seen at the QVC Studio Park in West Chester, Pennsylvania, U.S., June 4, 2018. Picture taken June 4, 2018. REUTERS/Brendan McDermid. A U.S. television network where shoppers can buy everything from electronics to kitchen gadgets, the…
[ad_1] LONDON (Reuters) – PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later, a regulator said on Wednesday. FILE PHOTO: The logo of accounting…
[ad_1] RIYADH (Reuters) – Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S.,…
[ad_1] LONDON (Reuters) – Action from Turkey’s central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar ensconced at 13-month highs kept up the pressure on world markets. FILE PHOTO: FILE PHOTO: Turkish Lira banknotes are seen in this October 10,…
[ad_1] SINGAPORE/BEIJING (Reuters) – Chinese oil importers are shying away from buying U.S. crude as they fear Beijing’s decision to exclude the commodity from its tariff list in a trade dispute between the world’s biggest economies may only be temporary. FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan,…
[ad_1] (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) boosted its investments in Goldman Sachs Group Inc (GS.N) and Israel’s Teva Pharmaceutical Industries Ltd (TEVA.TA) during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc (AAPL.O). FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while…
[ad_1] ISTANBUL (Reuters) – Turkey has doubled tariffs on some U.S. imports, such as passenger cars, alcohol and tobacco, in what its vice president said was a response to deliberate U.S. attacks on the Turkish economy. Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey, August 14, 2018. REUTERS/Umit Bektas The move comes…
[ad_1] WASHINGTON (Reuters) – Royal Bank of Scotland (RBS.L) will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday. FILE PHOTO: Royal Bank of Scotland signs are seen at a branch of the bank, in London, Britain December…
[ad_1] (Reuters) – Express Scripts Holding Co (ESRX.O) built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: getting paid to help drug companies dispense a new generation of high-priced drugs. FILE PHOTO: Express Scripts Chief Medical Officer Steve Miller poses for a…
[ad_1] TOKYO (Reuters) – Asian stocks retreated to a one-year low on Wednesday as bearish Chinese markets worsened investor sentiment already hurt by Turkey’s financial crisis. Passersby using umbrellas struggle against a heavy rain and wind in front of an electronic stock quotation board as Typhoon Shanshan approaches Japan’s mainland in Tokyo, Japan August 8,…
[ad_1] NEW YORK (Reuters) – Walmart Inc said on Wednesday that it would tie up with comedian and talk show host Ellen DeGeneres to launch a women’s fashion line, its latest attempt to make deeper inroads into the apparel space and gain market share in the category. FILE PHOTO: Ellen DeGeneres during a commercial break…
[ad_1] HONG KONG (Reuters) – Investment firms are exploring a buyout of Yum China Holdings Inc. (YUMC.N) in what could be one of Asia’s biggest M&A deals this year, sources close to the situation told Reuters. People celebrate Yum China listing on the NYSE in Shanghai, China November 1, 2016. REUTERS/Aly Song Yum China, which…
[ad_1] WASHINGTON (Reuters) – Tribune Media Co (TRCO.N) said Tuesday it will pay bonuses to executives who worked for more than 15 months on its failed merger with Sinclair Broadcast Group Inc (SBGI.O). FILE PHOTO: The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles, California, U.S., July 17,…
[ad_1] TOKYO (Reuters) – Asian stocks retreated on Wednesday, failing to follow Wall Street’s gains, while the dollar was near a 13-month high as concerns about Turkey’s financial crisis weighed on investor appetite despite the lira’s move away from an all-time low. Passersby using umbrellas struggle against a heavy rain and wind in front of…
[ad_1] BEIJING/SHANGHAI (Reuters) – A U.S. decision to subsidize its renewable energy companies and impose tariffs on imported products has seriously distorted the global market and harmed China’s interests, China’s Ministry of Commerce said late on Tuesday. FILE PHOTO: An array of solar panels is seen in the desert in Victorville, California March 13, 2015.…
[ad_1] (Reuters) – Tesla Inc’s board has named a special committee of three directors to negotiate with Chief Executive Elon Musk on taking the electric car maker private, although it said it was yet to see a firm offer from him. The committee, made up of Tesla directors Brad Buss, Robyn Denholm and Linda Johnson…
[ad_1] TOKYO (Reuters) – Asian stocks sagged on Wednesday, failing to track Wall Street’s gains and with the dollar near a 13-month high as concerns about Turkey’s financial crisis weighed on investor appetite, despite the lira’s move away from an all-time low. Passersby using umbrellas struggle against a heavy rain and wind in front of…
[ad_1] NEW YORK (Reuters) – Soros Fund Management LLC added Facebook Inc (FB.O), Apple Inc (AAPL.O) and Twitter Inc (TWTR.N), but trimmed stakes in Alphabet Inc (GOOGL.O) and Amazon.com Inc (AMZN.O) in the quarter through June, according to a regulatory filing on Tuesday. Billionaire hedge fund manager George Soros speaks during a discussion at the…
[ad_1] NEW YORK (Reuters) – A federal judge on Tuesday said Goldman Sachs Group Inc (GS.N) shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis. FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York…
[ad_1] WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N) has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday. A sign at the new Lockheed Martin Manufacturing Centre of Excellence is seen at the company’s headquarters in Ampthill near Bedford, Britain June…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.…
[ad_1] (Reuters) – Wall Street’s three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears. The S&P 500 and the Dow Jones Industrial Average ended four-day losing streaks with…
[ad_1] NEW YORK (Reuters) – Bayer AG (BAYGn.DE) unit Monsanto faces long odds on an appeal blaming an “inflamed” jury and “junk science” for a verdict of $289 million in damages to a man who said the company’s Roundup weed killer caused his cancer, according to some legal experts. FILE PHOTO: Monsanto Co’s Roundup is…
[ad_1] NEW YORK (Reuters) – World share markets rebounded on Tuesday as Turkey’s lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest softness in China’s economy. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid/File Photo…
[ad_1] NEW YORK (Reuters) – Two major Tesla Inc (TSLA.O) shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private this month. A worker is seen outside the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a…
[ad_1] NEW YORK (Reuters) – Nasdaq Inc (NDAQ.O) and a Wall Street watchdog will raise fees for private stock trading platforms, such as “dark pools,” that report trade executions to a Nasdaq-run entity, in response to higher operational costs and off-exchange trading volumes, according to a recent regulatory filing. FILE PHOTO: A woman passes by…
[ad_1] (Reuters) – Kroger Co (KR.N) has partnered with Alibaba Group Holding Ltd (BABA.N) to sell its private label products on the e-commerce giant’s Tmall platform in China, making its first venture outside the United States. The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein/File Photo The U.S.…
[ad_1] NEW YORK (Reuters) – A group of founders, executives and early employees of Tinder on Tuesday sued IAC/InterActiveCorp (IAC.O), claiming the parent company deliberately undervalued the dating app to avoid paying them billions of dollars and deprived some employees of stock options. Job seekers and recruiters at the Tinder table gather at TechFair in…
[ad_1] A new board of directors has been appointed to Hydro One Ltd. just over a month after its chief executive retired and the entire board resigned en masse. Ten new board members were named as replacements for Hydro One’s previous 14-member board, which resigned last month. The power utility says former CIBC executive Tom…
[ad_1] Several cannabis companies and business groups are applauding the Ontario government’s new plan to add private retailers to its plans for the sale of recreational pot in the province. The new plan — which will see the province launch online cannabis sales on October 17 — means sales at ‘bricks and mortar’ stores won’t begin until…
[ad_1] (Reuters) – Tesla Inc’s board (TSLA.O) named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company’s chief executive. The committee will be tasked with evaluating Musk’s proposal, should it materialize.…
[ad_1] BRUSSELS (Reuters) – The International Air Transport Association (IATA) is pursuing its complaint against Honeywell (HON.N) to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM. A logo of Honeywell is pictured on their booth during the European Business…
[ad_1] BOSTON (Reuters) – Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry’s worst returns, cut back several long-term holdings including Apple Inc (AAPL.O), Voya Financial Inc (VOYA.N) and Consol Energy Inc (CEIX.N), a filing made on Tuesday shows. David Einhorn, President of Greenlight Capital, Inc., presents during the…
[ad_1] Three Canadian cities have placed in the top 10 of a global ranking by the Economist Intelligence Unit of the world’s most livable cities, with Vienna dethroning perennial favourite Melbourne for the first spot. Calgary placed fourth, Vancouver was sixth and Toronto ranked seventh. Every year, the research and analysis arm of the London-based publisher of the Economist…
[ad_1] (Reuters) – Tesla Inc’s board (TSLA.O) named a special committee of three directors on Tuesday which will evaluate Elon Musk’s proposals to take the company private, although it said it was yet to see a firm offer from the company’s chief executive. Musk said on Monday he was in talks with a Saudi sovereign…
[ad_1] Finance Minister Bill Morneau is in Hamilton today to announce the federal government’s next move in support of its domestic steel industry, as U.S. steel tariffs continue to disrupt global trade and divert cheap foreign steel into other markets. The Trump administration’s protectionist measures continue to reverberate across a global industry that was already producing…
[ad_1] LONDON (Reuters) – Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch’s latest monthly fund manager survey showed on Tuesday. Traders on the floor of the New York Stock Exchange in New York, U.S., April 3, 2018.…
[ad_1] (Reuters) – U.S. stock index futures inched higher on Tuesday as global markets bounced back from concerns of weakness in Turkish currency, with gains in technology stocks lifting sentiment. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid After three weeks of…
[ad_1] (Reuters) – Home Depot Inc (HD.N) on Tuesday reported second-quarter sales that beat Wall Street estimates and revised its earnings forecast for the year, boosted by a rebound in demand for seasonal merchandise and as more shoppers made purchases. A Home Depot delivery truck drives on Wall St. in New York City, U.S., August…
[ad_1] NEW YORK (Reuters) – Home Depot Inc’s (HD.N) second-quarter comparable-store sales beat Wall Street forecasts on Tuesday, boosted by a rebound in demand for seasonal merchandise. A Home Depot delivery truck drives on Wall St. in New York City, U.S., August 16, 2017. REUTERS/Brendan McDermid The home improvement retailer said its net earnings rose…
[ad_1] ZURICH (Reuters) – Novartis (NOVN.S) has recruited a new chief ethics officer from Siemens (SIEGn.DE) after costly bribery scandals and a disputed $1.2 million contract with President Donald Trump’s former lawyer that the Swiss drugmaker now calls a mistake. Logo of Swiss drugmaker Novartis is seen at its branch in Schweizerhalle near Basel, Switzerland,…
[ad_1] DUBAI (Reuters) – Dubai’s DAMAC Properties DAMAC.DU, owner and operator of the only Trump-branded golf club in the Middle East, is confident of its financial position despite registering its worst quarter in terms of booked sales since the company went public five years ago, its chief financial officer said. FILE PHOTO: A view shows…
[ad_1] TOKYO (Reuters) – Japanese discount retailer Don Quijote Holdings Co Ltd (7532.T) was once the industry’s enfant terrible, overturning standard retail practices with its cluttered and chaotic stores that sell everything from faux leopard-skin rugs to designer watches. Products are displayed at Japanese discount retailer Don Quijote Holdings’ store in Tokyo, Japan, June 18,…
[ad_1] The Canadian real estate industry is used to disregarding gloomy predictions. But now, after a decade of laughing in the face of repeated false warnings that a housing slump was imminent, most Canadians affected by real estate — in other words, just about all of us — have suddenly become a little more wary. No…
[ad_1] WASHINGTON (Reuters) – White House economic adviser Kevin Hassett said on Monday the Trump administration is monitoring the financial situation in Turkey “very closely” after the Turkish currency fell to a record low against the U.S. dollar on Monday. FILE PHOTO – White House Council of Economic Advisers Chairman Kevin Hassett addresses reporters during…
[ad_1] SYDNEY (Reuters) – Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected. FILE PHOTO: Men look at an electronic board showing stock information at a brokerage house in Beijing,…
[ad_1] WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N) has been awarded a $480 million U.S. defense contract for air-launched rapid response weapon critical design review and test and production readiness support, the Pentagon said on Monday. A sign at the new Lockheed Martin Manufacturing Centre of Excellence is seen at the company’s headquarters in Ampthill…
[ad_1] SEOUL (Reuters) – South Korea’s transport ministry said on Tuesday it would ban some 20,000 BMW (BMWG.DE) vehicles from the streets amid mounting public fears about engine fires. FILE PHOTO: A BMW sedan is displayed for sale at a BMW dealership in Goyang, north of Seoul June 12, 2013. REUTERS/Lee Jae-Won The driving ban…
[ad_1] ITAÍ, Brazil (Reuters) – Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields. A corn crop is seen at Cercado Grande farm, where expansion of grains cultivation led the farm to scrap a contract with a sugar mill for cane planting in Itajai, Sao Paulo state, Brazil April…
[ad_1] NEW YORK (Reuters) – Citigroup Inc restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results. A Citigroup office is seen at Canary Wharf in London, Britain May 19, 2015. REUTERS/Suzanne Plunkett The changes will “harmonize” Citigroup’s consumer business with…
[ad_1] (Reuters) – Activist investor Carl Icahn said on Monday that he no longer intended to solicit proxies to vote against the $52 billion Cigna-Express Scripts deal, a turn around from his position last week when he urged the health insurer’s shareholders to vote against it. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc (GS.N) for financial advice on his proposal to take the electric car company private. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla,…
[ad_1] SYDNEY (Reuters) – Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected. FILE PHOTO: Men look at an electronic board showing stock information at a brokerage house in Beijing,…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk on Monday tweeted that he would work with buyout firm Silver Lake and investment bank Goldman Sachs as financial advisers on a proposal to take private the electric car maker. But a source said Silver Lake was offering its assistance to Musk without compensation and…
[ad_1] CARACAS (Reuters) – Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday. Venezuela’s President Nicolas Maduro speaks during a meeting with ministers at the Miraflores Palace in Caracas, Venezuela August…
[ad_1] SYDNEY (Reuters) – Asia share markets tried to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed a little and Wall Street proved resilient to the shockwaves. FILE PHOTO: Pedestrians crossing a road in front of an electronic board showing various stock prices outside a brokerage are reflected…
[ad_1] SAN FRANCISCO (Reuters) – Short sellers betting against Tesla Inc trimmed their exposure to the electric car maker’s stock on Monday after Chief Executive Elon Musk gave new information about his proposal to take the company private. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28,…
[ad_1] (Reuters) – Credit Suisse Group AG (CSGN.S) is splitting its international wealth-management unit into seven regions from four, in an ongoing push by Chief Executive Officer Tidjane Thiam to regionalize the bank, Bloomberg reported on Monday, citing people briefed on the matter. Logo of Swiss bank Credit Suisse is seen at a branch office…
[ad_1] WASHINGTON (Reuters) – U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration’s 3 percent target as a fiscal stimulus fades, congressional researchers projected on Monday. FILE PHOTO: Shoppers ride escalators at the Beverly Center mall in Los Angeles, California, U.S., November 8, 2013. REUTERS/David McNew/File…
[ad_1] NEW YORK (Reuters) – Major Tesla Inc shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the company private earlier this month. A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016.…
[ad_1] BOSTON (Reuters) – Elon Musk wants to take Tesla Inc private, but some of his big investors may not be able to follow. FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike Blake/File Photo Most passive funds would have to drop Tesla if it…
[ad_1] Ontario’s Progressive Conservative government announced today it will allow recreational pot to be sold in retail stores while the province will handle online sales. Minister of Finance Vic Fedeli and Attorney General Caroline Mulroney laid out the government’s plan for a hybrid system in an announcement Monday at Queen’s Park. The new proposal scraps the previous…
[ad_1] NEW YORK (Reuters) – U.S. stocks dropped on Monday as global jitters from Turkey’s plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018.…
[ad_1] (Reuters) – U.S. bank shares fell for a third straight session on Monday as investor appetite for risk weakened on worries that a currency crisis in Turkey would spread to other countries. Turkish lira banknotes are pictured at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer The Turkish lira has…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia’s sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down financing. Musk’s…
[ad_1] Bayer shares plunged as much as 14 per cent on Monday, losing about $14 billion in value, after newly acquired Monsanto was ordered to pay $289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer. After the verdict in favour of a California…
[ad_1] (Reuters) – U.S. stock indexes fell on Monday as a plummeting Turkish lira weighed on shares of big U.S. lenders, but losses on the Nasdaq were limited by high-flying companies such as Apple and Amazon that hit record highs. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,…
[ad_1] ISTANBUL (Reuters) – Visitors to Turkey flocked to its high-end shops to snap up bargains on Monday, their purchasing power buoyed by a currency crisis as the country’s lira sank to a record low beyond 7 per dollar. Barely moving lines of mainly Arab tourists snaked outside the Chanel and Louis Vuitton stores in…
[ad_1] The company that makes Wrangler and Lee jeans is breaking off its denim division to focus on its fast-growing outdoor and activewear business as Americans swap out jeans for yoga pants. VF Corp. said Monday the non-denim division would include its other well-known brands, The North Face and Timberland, Altra, Icebreaker and Williamson-Dickie. The…
[ad_1] Shares in Calgary-based Trinidad Drilling Ltd. leaped by almost 15 per cent Monday morning after cross-town rival Ensign Energy Services Inc. announced it would make a hostile $470-million cash takeover bid. The offer of $1.68 per share in cash comes less than two weeks after Trinidad announced it would abandon a strategic alternatives process…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers of his plan to take the electric car-maker private, but said financing was not yet nailed down. FILE PHOTO: Tesla CEO Elon Musk at a press conference at…
[ad_1] Tesla chief executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia’s sovereign wealth fund, but had not completed securing the funding. In a blog post, Musk said the Saudi fund had been pushing to take the electric carmaker private…
[ad_1] Uber announced a new program today called Profile Recommendations that takes advantage of machine intelligence to reduce user error when switching between personal and business accounts. It’s not unusual for a person to have both types of accounts. When you’re out and about, it’s easy to forget to switch between them when appropriate. Uber wants…
[ad_1] (Reuters) – U.S. stock indexes inched higher on Monday as shares of technology companies gained, offsetting a plunge in the Turkish lira that weighed on shares of big U.S. lenders. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid The technology sector…
[ad_1] Microsoft announced today that it’s released Azure Stack for Azure Government at a time when it’s battling rivals at Amazon and other cloud companies for the massive winner-take-all $10 billion Pentagon cloud contract known as JEDI. Azure Stack provides customers with a similar set of cloud services that they would get in the public…
[ad_1] FRANKFURT (Reuters) – Bayer (BAYGn.DE) shares plunged as much as 14 percent on Monday, losing about $14 billion in value, after newly acquired Monsanto was ordered to pay $289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer. After the verdict in favor…
[ad_1] BRUSSELS (Reuters) – Independent music labels group Impala has called on EU antitrust regulators to block Sony Corp’s bid to become the world’s largest music publisher with its $2.3 billion offer for control of EMI, saying the combination would have too much market power. Sony Corp’s logo is seen at its news conference in…
[ad_1] Turkey’s central bank announced a series of measures on Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over the past week and…
[ad_1] PARIS (Reuters) – Shares in Europe’s major banks lost further ground on Monday, as concerns about Turkey’s deepening currency crisis spread to other emerging markets. Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017. REUTERS/Stefano Rellandini The euro zone banking equity index .SX7E was down 1.6 percent,…
[ad_1] (Reuters) – U.S. stock index futures fell on Monday as a meltdown in Turkish lira weighed on shares of big U.S. lenders and triggered a widespread selloff in global equities. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid Worries about President…
[ad_1] ISTANBUL/ANKARA (Reuters) – Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but its meltdown continued to rattle global markets. FILE PHOTO: Turkish Lira banknotes are seen in this October 10, 2017 picture…
[ad_1] LONDON (Reuters) – Barclays (BARC.L) has begun shifting direct ownership of its French, German and Spanish branches from a British-based entity to its Irish bank, according to sources with direct knowledge of the plans, ahead of Britain’s exit from the European Union. FILE PHOTO: A Barclays logo is pictured outside the Barclays towers in…
[ad_1] FRANKFURT (Reuters) – Bayer (BAYGn.DE) shares plunged more than 10 percent on Monday after a California jury ordered the German company’s newly acquired Monsanto subsidiary to pay $289 million for not warning of cancer risks posed by its main weed killer. FILE PHOTO: The corporate logo of Bayer is seen at the headquarters building…
[ad_1] FRANKFURT (Reuters) – Shares in Bayer (BAYGn.DE) plunged more than 10 percent to their lowest in almost two years after a California jury ordered the German company’s subsidiary Monsanto to pay $289 million in damages last week. FILE PHOTO: The corporate logo of Bayer is seen at the headquarters building in Caracas, Venezuela March…
[ad_1] Thousands of Canadian residents hit hard by a retroactive tax signed into law by U.S. President Donald Trump have been dealt another blow, CBC News has learned. Newly proposed regulations issued by the U.S. Treasury Department and the Internal Revenue Service threaten to increase their tax hit. “You have to almost empty out your company and…
[ad_1] Canada’s latest job creation numbers out at the end of last week were astounding. The most recent figures for the country’s economic growth, at an annual rate of 2.6 per cent, were better than almost anyone expected. But while both U.S. and Canadian economic indicators climb to new heights, there are growing warning signs that neither will be able…
[ad_1] OSS, Netherlands (Reuters) – With three lounges, three dining rooms, an open-air jacuzzi, a bar and six luxury cabins, the 50-metre “Aster” is one of Dutch shipyard Heesen’s more modest superyachts. People work on a yacht under construction at the Heesen Yachts shipyard in Oss, Netherlands August 8, 2018. REUTERS/Piroschka van de Wouw The…
[ad_1] WASHINGTON (Reuters) – Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space…
[ad_1] SYDNEY (Reuters) – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the South African rand and drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen. People walk past an electronic board showing Japan’s Nikkei average outside a…
[ad_1] SYDNEY (Reuters) – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23,…
[ad_1] ULSAN, South Korea (Reuters) – When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea’s annual average salary. Giant cranes of Hyundai Heavy Industries are seen in Ulsan, South Korea,…
[ad_1] SYDNEY (Reuters) – The euro was under pressure in Asia on Monday as fears about the exposure of European banks to crisis-hit Turkey sent investors scurrying to safe havens including the U.S. dollar, Swiss franc and yen. Turkish Lira and Euro banknotes are seen in this picture illustration taken June 25, 2018. REUTERS/Dado Ruvic/Illustration…
[ad_1] DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O) CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said. FILE PHOTO:…
[ad_1] WASHINGTON (Reuters) – President Donald Trump backed boycotting American motorcycle manufacturer Harley Davidson Inc (HOG.N) on Sunday, the latest salvo in a dispute between the company and Trump over tariffs on steel. FILE PHOTO: U.S. President Donald Trump and Vice President Mike Pence leaves after meeting with Harley Davidson executives at the South Lawn…
[ad_1] LONDON (Reuters) – The pensions of 9,000 employees of collapsed British department store chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm’s ‘BHS2’ scheme covering 800 million pounds ($1 billion) of liabilities. FILE PHOTO: A woman walks past the Wood Green branch of department store chain…
[ad_1] BEIJING (Reuters) – A ship carrying soybeans from the United States docked in the port of Dalian on Saturday, more than a month after it arrived off China’s coast just as hefty tariffs were imposed on U.S. goods, according to Thomson Reuters Eikon shipping data. FILE PHOTO: Peak Pegasus, a cargo vessel carrying soybeans…
[ad_1] SEWARD, Alaska (Reuters) – Alaska fishermen are used to coping with fickle weather and wild ocean waves. Now they face a new challenge: the United States’ trade war with China, which buys $1 billion in Alaskan fish annually, making it the state’s top seafood export market. Icicle Seafoods plant is seen in Seward, Alaska,…
[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. Aeroplan brings other airlines on board If you’re an Aeroplan member, you’ll be able to collect points with three more airlines in a few years. Edmonton-based Flair Airlines, Montreal-based Air Transat…
[ad_1] The sudden diplomatic dispute between Saudi Arabia and Canada took a lot of unexpected twists and turns this week, but perhaps none was more head-scratching than the kingdom’s threat to stop buying Canadian wheat. Because they don’t buy much as it is. And if anything, they’re likely to need to buy more soon. On Wednesday, the…
[ad_1] BEIJING (Reuters) – Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organize a protest planned for later that day. FILE PHOTO: A police officer gestures at the photographer as security patrol outside the headquarters of China’s banking regulator,…
[ad_1] BEIJING (Reuters) – A ship carrying soybeans from the United States docked in the port of Dalian on Saturday, more than a month after it arrived off China’s coast just hours after hefty tariffs were imposed on U.S. goods, according to Thomson Reuters Eikon shipping data. FILE PHOTO: Peak Pegasus, a cargo vessel carrying…
[ad_1] EIN BOKEK, Israel (Reuters) – The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster. A general view shows Dead Sea Works factory at the Dead Sea, Israel July 17, 2018. REUTERS/Amir Cohen The main culprit is the drying…
[ad_1] DUBAI (Reuters) – A gas field development contract with France’s Total (TOTF.PA), and China’s state-owned CNPC remains unchanged, a senior Iranian oil official said according to the oil ministry news agency SHANA on Saturday – hours after state new agency IRNA quoted him as saying CNPC had taken Total’s share in the project. FILE…
[ad_1] There is a secret behind every open office in Silicon Valley — and it isn’t the drain on productivity. Tech companies have been the vanguards for pushing corporate culture forward toward “radical transparency.” Mark Zuckerberg works in a fully transparent four-walled glass office surrounded by the rest of Facebook. Valve got rid of managers…
[ad_1] DUBAI (Reuters) – China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas project held by France’s Total (TOTF.PA), the Iranian state news agency IRNA reported on Saturday. FILE PHOTO: The logo of CNPC (China National Petroleum Corporation) is pictured at the 26th World Gas Conference in…
[ad_1] HONG KONG (Reuters) – The U.S. government has ordered Chinese conglomerate HNA Group Co Ltd [HNAIRC.UL] to sell its majority stake in a Manhattan building whose tenants include a police precinct tasked with protecting Trump Tower, the Wall Street Journal reported on Friday. FILE PHOTO: A HNA Group logo is seen on the building…
[ad_1] DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O) CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said. FILE PHOTO:…
[ad_1] DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to put the German group back on track, according to one of its investors. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test…
[ad_1] The union representing 80 workers at four Quebec Tim Hortons claims they’ve been dealt a blow after an imposed contract cut their paid coffee and lunch breaks, even though their employer is abiding by the collective agreement and the province’s labour laws. “It’s not fair,” said Nicholas Lapierre, regional co-ordinator with the United Steelworkers (USW). “We are very,…
[ad_1] DUBAI (Reuters) – Saudi Aramco appointed Khalid al-Dabbagh as senior vice president of finance, strategy and development, effective Sept. 1, the company said in a statement on its website on Friday. FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran, Saudi Arabia May 23, 2018. . REUTERS/Ahmed Jadallah/File Photo…
[ad_1] SHANGHAI (Reuters) – China’s state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in strong shape. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of…
[ad_1] LONDON/FRANKFURT (Reuters) – SIG Combibloc is on track to announce in September its intention to float on the stock market in Zurich, three sources familiar with the matter said, in a listing that could value the Swiss packaging maker at close to 5 billion euros ($5.7 billion). FILE PHOTO: The logo of SIG Combibloc…
[ad_1] FRANKFURT (Reuters) – German carmaker BMW (BMWG.DE) on Friday said around 400 BMW X4 vehicles, built in Spartanburg South Carolina, are being withheld from delivery to Chinese customers until a potential brake problem has been fixed as part of a global safety recall. The BMW logo is seen on a vehicle at the New…
[ad_1] HOUSTON (Reuters) – U.S. President Donald Trump’s proposal to double tariffs on steel and aluminum from Turkey could push up costs even further for domestic oil and gas pipeline projects, as energy executives said they were already struggling from earlier tariff rises. FILE PHOTO: A vehicle drives next to a series of pipes at…
[ad_1] (Reuters) – VF Corp (VFC.N) is exploring strategic options for its denim business that could include a sale or spin off of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter (on.wsj.com/2Oo36eK). The label of a denim shirt of U.S. company Lee is photographed…
[ad_1] (Reuters) – Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors by announcing on Twitter that he might…
[ad_1] Tesla Inc. and its chief executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors by announcing on Twitter that he might take…
[ad_1] (Reuters) – Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they fraudulently engineered a scheme to “completely decimate” short-sellers, including through Musk’s proposal to take the electric car company private. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks…
[ad_1] (Reuters) – Papa John’s International Inc (PZZA.O) on Friday said it would lower royalties and fees charged to its U.S. and Canadian franchisees as sales at the U.S. pizza chain decline following the acrimonious exit of it founder. The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking/File Photo The company…
[ad_1] A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused him cancer and ordered the company to pay $289 million US in damages. The case of school groundskeeper Dewayne Johnson was the first lawsuit alleging glyphosate causes cancer to go…
[ad_1] (Reuters) – Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they defrauded shareholders in a scheme to manipulate the electric car company’s stock price, starting with Musk’s Aug. 7 tweet that he might take Tesla private. FILE PHOTO: Elon Musk, founder, CEO and lead designer at…
[ad_1] (Reuters) – The union that represents many Verizon Communications Inc (VZ.N) employees announced the ratification of a four-year extension of their labor contracts on Friday, paving the way for an 11.2 percent increase in wages over the four years. FILE PHOTO: The Verizon logo is seen on the side of a truck in New…
[ad_1] NEW YORK (Reuters) – U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid The Dow and S&P 500…
[ad_1] NEW YORK/LONDON (Reuters) – A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds. European shares and a gauge of global equity markets closed down more than 1 percent, while Wall…
[ad_1] WASHINGTON (Reuters) – Two automotive trade groups on Friday raised “significant concerns” over the U.S. government’s request for confidential business information as it probes whether automotive imports pose a national security risk, according to a letter seen by Reuters. FILE PHOTO – Cars are seen in a parking lot in Palm Springs, California, U.S.…
[ad_1] (Reuters) – Here are some of the key events in Tesla Inc’s (TSLA.O) turbulent history as a public company. FILE PHOTO: A Tesla logo adorns a ‘Model S’ car in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke/File Photo June 29, 2010 – Chief Executive Elon Musk and team ring the…
[ad_1] (Reuters) – Emirates airline [EMIRA.UL] expects a single-digit percentage increase in its U.S. capacity in 2018, a company executive said on Friday, as sales rebound after travel restrictions imposed by the Trump administration weakened demand from the Middle East early last year. FILE PHOTO: Emirates airlines planes stand parked at Dubai International Airport, United…
[ad_1] NEW YORK/LONDON (Reuters) – A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds. A vendor gets a five Euro bank note from a customer at the central market in Athens,…
[ad_1] Canada Pension Plan Investment Board says its main fund grew to $366.6 billion of net assets at the end of June, up $10.5 billion from the end of March. The Toronto-based fund manager says CPP Fund’s gain included $3.9 billion of net contributions from the Canada Pension Plan and $6.6 billion from its investments,…
[ad_1] Freshii share prices tumbled almost 10 per cent in early afternoon trading as the Toronto-based restaurant chain missed earnings expectations for the second quarter. The Toronto-based company, which reports in U.S. dollars, saw net income nudge into the black at $298,000 in the latest quarter, compared to a loss of $383,000 in the second…
[ad_1] (Reuters) – U.S stocks slid on Friday, with banks taking the biggest hit, as concerns over Turkey’s economy and its deepening rift with the United States roiled stock markets around the world. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid At…
[ad_1] SAO PAULO (Reuters) – Heineken NV (HEIN.AS), the world’s second-largest beer maker, is considering closing two factories in northeastern Brazil as “an extreme measure” after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement. FILE PHOTO: Heineken…
[ad_1] NEW YORK (Reuters) – The number of Tesla Inc (TSLA.O) shares sold short has rebounded and are now higher than before CEO Elon Musk proposed on Tuesday taking the electric car maker private, according to data from financial technology and analytics firm S3 Partners. FILE PHOTO: A Tesla sales and service center is shown…
[ad_1] A trio of superhero movies, increasing audience numbers and a focus on concession stand offerings helped Cineplex Inc. report a record revenue in its second quarter. The Toronto-based entertainment giant said Friday that the strong box office performance of Avengers: Infinity War, Deadpool 2 and The Incredibles 2 contributed to all-time high revenues of $409.1 million…
[ad_1] (Reuters) – The Dow Jones Industrial Average fell more than 200 points on Friday amid a widespread selloff in global stocks as the Turkish lira tumbled due to concerns over the country’s economy and a deepening rift with the United States. Traders work on the floor of the New York Stock Exchange (NYSE) in…
[ad_1] The Canadian economy added about 54,000 new jobs last month, causing the jobless rate to fall two-tenths of a percentage point to 5.8 per cent. Statistics Canada said Friday that the economy added 82,000 part-time jobs, but that figure was offset by a loss of 28,000 full-time positions. The public sector added 49,600 new…
[ad_1] DUBLIN/BERLIN (Reuters) – Ryanair (RYA.I) endured its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season. Ryanair, which averted widespread strikes before last Christmas by agreeing to recognize unions…
[ad_1] Budget airline Ryanair said Wednesday it is cancelling 400 of over 2,400 flights on Friday due to a strike by pilots in Ireland, Sweden, Belgium and Germany at the height of the vacation travel season. The airline says 85 per cent of its Friday flights would operate and that affected customers would get email…
[ad_1] (Reuters) – U.S. stock index futures fell about half a percent on Friday, tracking global shares, as the Turkish lira tumbled on concerns over the country’s economy and its deepening rift with the United States. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018.…
[ad_1] NEW YORK (Reuters) – New U.S. sanctions against Moscow drove down Russia’s ruble, while worries that Turkey was sliding into a full-blown economic crisis battered the lira on Thursday, but global equity markets largely shrugged off the turmoil to edge higher. FILE PHOTO: A woman holds new 200 and 2,000 rouble banknotes in a…
[ad_1] TAIPEI/SAN FRANCISCO (Reuters) – Mobile chipmaker Qualcomm Inc (QCOM.O) will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years. The settlement replaces a fine of roughly $778 million imposed by Taiwan’s Fair Trade Commission in 2017, when…
[ad_1] DUBLIN (Reuters) – Ryanair (RYA.I) has been hit by strikes across Europe as it struggles in negotiations with trade unions, forcing it to cancel flights and hurting some of its bookings. Aircrafts of low-cost airliner Ryanair are parked at the tarmac of Weeze airport near the German-Dutch border during a wider European strike of…
[ad_1] LONDON (Reuters) – A plummeting Turkish lira sent ripples through global equities and emerging markets on Friday, as rising fears of a wider fallout sent investors scurrying for the safety of assets such as the yen and U.S. government bonds. A vendor gets a five Euro bank note from a customer at the central…
[ad_1] DUBLIN/BERLIN (Reuters) – Ryanair (RYA.I) faced its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season. Aircrafts of low-cost airliner Ryanair are parked at the tarmac of Weeze airport…
[ad_1] TAIPEI/SAN FRANCISCO (Reuters) – Mobile chipmaker Qualcomm Inc (QCOM.O) will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years. The settlement replaces a fine of roughly $778 million imposed by Taiwan’s Fair Trade Commission in 2017, when…
[ad_1] SHANGHAI (Reuters) – Worries over the plunging Turkish lira and Russian ruble pulled the euro lower on Friday and rippled through riskier assets worldwide, sending stock markets lower and buoying safe haven assets such as U.S. Treasuries. FILE PHOTO: A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, Turkey…
[ad_1] (Reuters) – In a suburban Minneapolis laboratory, a tiny company that has never turned a profit is poised to beat the world’s biggest agriculture firms to market with the next potential breakthrough in genetic engineering – a crop with “edited” DNA. A research scientist examines a soybean plantlet in New Brighton, Minnesota, U.S., November…
[ad_1] LONDON/PARIS (Reuters) – An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. FILE PHOTO: A Chanel handbag for sale is displayed at…
[ad_1] NEW YORK (Reuters) – Tesla Inc’s (TSLA.O) shares slipped nearly 5 percent on Thursday, wiping out the gains fueled by Chief Executive Elon Musk’s announcement of a plan to take the company private, after reports of concern by regulators and on doubt the deal could be done. Shares fell early in the day, weighed…
[ad_1] SAN FRANCISCO (Reuters) – Doug Field, who stepped down as the senior vice president of engineering at Telsa Inc (TSLA.O) last month, is returning to Apple Inc (AAPL.O), Apple told Reuters on Thursday. Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1,…
[ad_1] SHANGHAI (Reuters) – Asian stock markets fell on Friday despite signs of greater government support for firms in China, with global trade tensions clouding the outlook for demand. Passersby using umbrellas struggle against a heavy rain and wind in front of an electronic stock quotation board as Typhoon Shanshan approaches Japan’s mainland in Tokyo,…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) unveiled the Galaxy Note 9 “phablet” in New York on Thursday in a key product launch that it hopes will attract younger customers with stepped-up features and services for gamers and music-lovers. Launching the Note 9 at 11 a.m. in New York, or Friday midnight in…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Dow ended down slightly on Thursday as gains in Apple (AAPL.O) and Amazon (AMZN.O) were offset by losses in energy and financial shares. Tesla Inc’s (TSLA.O) shares also fell to a two-day low and wiped out all of the gains fueled by Chief Executive Elon Musk’s…
[ad_1] (Reuters) – Rangers will head into the return leg of their Europa League qualifier against Maribor with a sense of optimism after a 3-1 win over the Slovenians on Thursday but manager Steven Gerrard knows from experience a two-goal lead in Europe is never enough. Soccer Football – Rangers – Steven Gerrard Press Conference…
[ad_1] (Reuters) – Dropbox Inc’s (DBX.O) forecast for the current-quarter and results for the second quarter beat Wall Street estimates on Thursday, with the online storage firm earning more from a higher number of paying subscribers. FILE PHOTO The DropBox logo is seen in this illustration photo July 28, 2017. REUTERS/Thomas White/Illustration/File Photo Shares of…
[ad_1] BEIJING/SHANGHAI (Reuters) – China’s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength. FILE PHOTO: Chinese and U.S. flags are set up for…
[ad_1] SHANGHAI (Reuters) – Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia’s rouble after the United States slapped new sanctions, and as economic worries sent the Turkish lira tumbling. Passersby using umbrellas struggle against a heavy rain and wind in front…
[ad_1] (Reuters) – Tesla Inc’s (TSLA.O) board has not yet received a detailed financing plan from CEO Elon Musk, and is seeking more information about how he will take the U.S. electric car maker private in a proposed deal worth $72 billion, people familiar with the matter said on Thursday. FILE PHOTO: People walk past…
[ad_1] (Reuters) – News Corp (NWSA.O) topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses. Undated handout image of the News Corp logo. REUTERS/News Corp/Handout News Corp’s subscription video services division that includes Australian…
[ad_1] DUBLIN (Reuters) – Ryanair (RYA.I) is bracing for its biggest-ever one-day strike on Friday with pilots based in five European countries set to walk out, forcing the cancellation of about one in six of its daily flights at the height of the holiday season. FILE PHOTO: Ryanair Boeing 737-800 aircraft takes off in Riga…
[ad_1] MEXICO CITY (Reuters) – Credit ratings agency Fitch voiced concerns on Thursday that TV Azteca’s legal battle with American Tower Corp was “not positive or favorable” for the Mexican broadcaster’s credit profile, two days after Reuters reported the lawsuit. FILE PHOTO: The logo of broadcaster TV Azteca is seen outside its headquarters in Mexico…
[ad_1] (Reuters) – Billionaire investor Daniel Loeb and fellow Campbell Soup Co (CPB.N) shareholder George Strawbridge on Thursday called for a sale of the iconic U.S. food company best known for its canned soups, according to a regulatory filing. The logo and ticker for Campbell Soup Co. are displayed on a screen on the floor…
[ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) launched the Galaxy Note 9 “phablet” in New York on Thursday, promising better battery life and quick cooling to attract gamers and revive flagging sales. The focus on gamer-friendly features appears to be a shift away from Samsung’s previous positioning of the Note as a productivity-boosting…
[ad_1] Tesla Inc.’s shares slipped almost five per cent to a two-day low on Thursday, wiping out all the gains fuelled by chief executive Elon Musk’s recent tweet announcing a plan to take the company private. Shares fell early in the day following Wall Street’s skeptical response to Musk’s idea of going private and a Wall…
[ad_1] Back when Dennis Woodside joined Dropbox as its chief operating officer more than four years ago, the company was trying to justify the $10 billion valuation it had hit in its rapid rise as a Web 2.0 darling. Now, Dropbox is a public company with a nearly $14 billion valuation, and it once again…
[ad_1] (Reuters) – The S&P 500 and Dow ended down slightly on Thursday as gains in Apple (AAPL.O) and Amazon (AMZN.O) were offset by losses in energy shares. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 18, 2018. REUTERS/Brendan McDermid The Dow Jones Industrial Average .DJI…
[ad_1] (Reuters) – Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, is in talks to acquire Tronc Inc (TRNC.O), the publisher of Chicago Tribune, people familiar with the matter said on Thursday. FILE PHOTO: The logo of Tronc Inc (TRNC.O), formerly Tribune Publishing Company, is seen…
[ad_1] (Reuters) – Tribune Media Co (TRCO.N) terminated its $3.9 billion sale to Sinclair Broadcast Group (SBGI.O) on Thursday and sued Sinclair for breach of contract, claiming the rival TV-station owner mishandled efforts to get the transaction approved by taking too long and being too aggressive in its dealings with regulators. The collapse of the…
[ad_1] SEATTLE (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has held up his closely held space transportation company SpaceX as a model for taking his loss-making electric car company private, saying he wants existing Tesla investors to continue to hold stock. FILE PHOTO: SpaceX founder Elon Musk speaks at a press conference…
[ad_1] The federal government is announcing today that major credit card companies have agreed to lower the fees they charge businesses. A government source told The Canadian Press that Ottawa has reached voluntary, five-year deals with Visa, Mastercard and American Express that are expected to help small and medium-sized companies save about $250 million a…
[ad_1] Blissfully, a New York City startup that helps companies understand their SaaS usage inside their organizations, announced it has received a $3.5 million seed round. The investment was led by by Hummer Winblad Venture Partners. Hubspot, Founder Collective, and several unnamed pre-seed investors also participated. They got a $1.5 million pre-seed investment, bringing the…
[ad_1] Ontario’s government-owned power company is making its first foray outside the province, announcing a deal to buy New Jersey-based Eagle Creek Renewable Energy for $388 million. Ontario Power Generation says Eagle Creek owns 63 small hydropower facilities in the United States providing a total of 216 megawatts of capacity. The privately held target company’s…
[ad_1] FRANKFURT (Reuters) – Mercedes-Benz sports utility vehicles built in Tuscaloosa, Alabama, are being checked for potential problems by Shanghai customs authorities, Daimler (DAIGn.DE) confirmed on Thursday, as a trade dispute between the United States and China heats up. The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5,…
[ad_1] The Cloud Native Computing Foundation (CNCF) may not be a household name, but it houses some important open source projects including Kubernetes, the fast-growing container orchestration tool. Today, CNCF announced that the Prometheus monitoring and alerting tool had joined Kubernetes as the second “graduated” project in the organization’s history. The announcement was made at PromCon,…
[ad_1] Luxury jacket maker Canada Goose Holdings Inc. says it incurred a net loss of $18.7 million in its first quarter as it eyed international markets for expansion. The Toronto-based company’s loss of 17 cents per share is smaller than analyst expectations of 21 cents per share, according to Thomson Reuters Eikon. Canada Goose executives…
[ad_1] Canadian Tire Corp.’s second-quarter profit was down compared with last year and and its revenue growth came in below analyst estimates. In morning trading on the Toronto Stock Exchange, the Class A non-voting shares of Canadian Tire were down by 7.5 per cent to $168.74. The Toronto-based retailer and financial services company reports it…
[ad_1] Canadian pets are a few steps closer to getting their paws on pot-based medical treatments in Canada as more cannabis companies research marijuana’s efficacy for companion animals. Canopy Growth Corp. is the latest medical marijuana company to enter the potentially lucrative pet market with its announcement this week that it will embark on a…
[ad_1] (Reuters) – Tribune Media Co (TRCO.N) said on Thursday it had terminated a $3.9 billion deal to be acquired by Sinclair Broadcast Group (SBGI.O) and was suing Sinclair for breach of contract, after regulators objected to the acquisition that was supported by U.S. President Donald Trump. FILE PHOTO: The tower of Tribune Broadcasting Los…
[ad_1] GENEVA (Reuters) – Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by U.S. President Donald Trump to protect American jobs begins to bite. FILE PHOTO – Cars to be exported are seen at a port in Lianyungang,…
[ad_1] (Reuters) – Viacom Inc (VIAB.O) reported quarterly revenue below Wall Street estimates on Thursday, as domestic advertising sales fell and the media company collected lower fees from cable TV operators and online distributors. FILE PHOTO The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo The company said…
[ad_1] IBM and shipping giant Maersk having been working together for the last year developing a blockchain-based shipping solution called TradeLens. Today they moved the project from Beta into limited availability. Marie Wieck, GM for IBM Blockchain says the product provides a way to digitize every step of the global trade workflow, transforming it into a real-time…
[ad_1] PARIS (Reuters) – Maybelline parent L’Oreal (OREP.PA) is pairing up with Facebook to roll out virtual tests for shoppers to see how they might look with different lipsticks or eye shadows, adding to its push to drive more sales online and through social media networks. FILE PHOTO: A cosmetic display of French cosmetics group…
[ad_1] (Reuters) – Tribune Media Co (TRCO.N) terminated its $3.9 billion deal to be acquired by Sinclair Broadcast Group (SBGI.O) and filed suit, the company said on Thursday, after regulators objected to the acquisition that had received support from U.S. President Donald Trump. FILE PHOTO: The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5…
[ad_1] A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers after Riyadh froze new trade with Canada and ruled out mediation efforts. Saudi Arabia, infuriated by Canada’s demand last week that jailed activists in the kingdom be released immediately, expelled the Canadian…
[ad_1] GENEVA (Reuters) – Global trade in goods is likely to lose momentum in the third quarter, with growth just above trend, as trade tensions slow export orders and automobile production and sales, the World Trade Organization said on Thursday. FILE PHOTO – Cars to be exported are seen at a port in Lianyungang, Jiangsu…
[ad_1] (Reuters) – Perrigo Company Plc (PRGO.N) said on Thursday its board approved a plan to separate its Prescription Pharmaceuticals (Rx) business after the generic drugmaker completed a review of its strategic portfolio. FILE PHOTO: Birds are seen on the logo of generic drugmaker Perrigo Co outside their new factory in the city of Yeruham,…
[ad_1] LONDON (Reuters) – European stock markets struggled on Thursday with trade war worries, Russia’s ruble tumbled after the United States imposed fresh sanctions on the country and Turkey’s lira dropped to a new low. FILE PHOTO: A woman holds new 200 and 2,000 rouble banknotes in a bank in Moscow, Russia November 21, 2017.…
[ad_1] SHANGHAI (Reuters) – Chinese state media on Thursday accused the United States of a “mobster mentality” in its move to implement additional tariffs on Chinese goods, and warned Beijing had all the necessary means to fight back. The comments mark a ratcheting up in tensions between the world’s two largest economies over a trade…
[ad_1] When Tesla boss Elon Musk announced Tuesday he was thinking of arranging a buyback of all the electric car company’s shares, the first thing everyone wanted to know was whether it was true. While it is always hard to measure exact gradations of truth, there is a growing apprehension among people who depend on knowing what’s…
[ad_1] TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, in the latest cases of data falsifications by the nation’s manufacturers. Suzuki Motor CEO Toshihiro Suzuki attends a news conference in Tokyo, Japan August 9, 2018. REUTERS/Toru…
[ad_1] SYDNEY (Reuters) – Asian share markets found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war, while Russia’s rouble tumbled as the United States slapped fresh sanctions on the country. FILE PHOTO: Men look at an electronic board showing stock information at a brokerage…
[ad_1] MUMBAI/NEW DELHI (Reuters) – In India, the world’s second-biggest smartphone market, Apple Inc’s (AAPL.O) normally deft management of government relations is being put to a fresh high-stakes test. FILE PHOTO: Apple iPhone X mobile phones are seen at an Apple reseller store in Mumbai, India July 27, 2018. REUTERS/Francis Mascarenhas For almost two years,…
[ad_1] SAN FRANCISCO (Reuters) – A leveraged buyout of electric carmaker Tesla could be an ominous sign of market exuberance, but investors may need more justification to run for the exits. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. REUTERS/Toru Hanai/File Photo CEO Elon…
[ad_1] FORT WAYNE, Ind. (Reuters) – When General Motors Co (GM.N) engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co’s (F.N) Dearborn, Michigan factory to watch aluminum-bodied F-series trucks go down the assembly line. FILE PHOTO: General Motors reveals its 2019 Chevrolet…
[ad_1] LONDON/CHICAGO (Reuters) – PepsiCo Inc’s (PEP.O) incoming chief executive Ramon Laguarta is the latest of a new generation of leaders tasked with reigniting growth at the world’s best-known food and drink brands as they fight back against media-savvy independent rivals. FILE PHOTO: Nestle Chief Executive Mark Schneider reacts during the opening of the 151st…
[ad_1] SYDNEY (Reuters) – Asian share markets found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war, while Russia’s rouble tumbled as the United States slapped fresh sanctions on the country. FILE PHOTO: Men look at an electronic board showing stock information at a brokerage…
[ad_1] (Reuters) – The New York City Council on Wednesday agreed to cap the number of licenses for ride-hailing services such as Uber Technologies Inc for one year, dealing a blow to the companies that have relied on the largest U.S. metro area for a major source of their revenue. The first such cap by…
[ad_1] (Reuters) – Drug store chain Rite Aid Corp (RAD.N) and U.S. grocer Albertsons Companies Inc ABS.N agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed the deal. Customers leave an Albertsons grocery store with their purchases in Burbank, California July 17,…
[ad_1] TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co conducted improper fuel economy and emissions tests on their vehicles, Japan’s transport ministry said on Thursday. The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in Tokyo, Japan May 11, 2018. REUTERS/Kim Kyung-Hoon/File Photo The report…
[ad_1] TOKYO (Reuters) – Mazda Motor Corp (7261.T), Suzuki Motor Corp (7269.T) and Yamaha Motor Co (7272.T) have submitted reports to Japan’s transport ministry that they conducted improper fuel economy and emissions tests on their vehicles, the ministry said on Thursday. The findings were the results of internal investigations ordered at Japanese auto makers by…
[ad_1] (Reuters) – Drug store chain Rite Aid Corp (RAD.N) and U.S. grocer Albertsons Companies Inc ABS.N agreed to terminate their merger agreement, the companies said on Wednesday, a little over 10 days after a shareholder advisory firm opposed the deal. Customers leave an Albertsons grocery store with their purchases in Burbank, California July 17,…
[ad_1] TOKYO (Reuters) – Mazda Motor Corp (7261.T) and Suzuki Motor Corp (7269.T) conducted improper fuel economy and emissions tests on their vehicles, the latest in a series of compliance scandals in Japan’s auto sector, the Nikkei business daily reported. The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in…
[ad_1] NEW YORK (Reuters) – A video of 95-year-old Sumner Redstone, the patriarch of the family that owns the voting majority of CBS Corp (CBS.N), can be reviewed in the U.S. broadcast and media company’s legal battle against the family, a Delaware judge ruled on Wednesday. FILE PHOTO: Sumner Redstone, executive chairman of CBS Corp.…
[ad_1] A southern Alberta hamlet says it’s ready to accommodate potentially thousands of new workers joining an Amazon shipping depot under construction. The online commerce giant has opened applications for 1,000 jobs at its soon-to-open facility in Balzac, just north of Calgary, past the airport and before Airdrie. The reeve of Rocky View County says…
[ad_1] (Reuters) – Twenty-First Century Fox Inc’s quarterly profit and revenue topped Wall Street targets on Wednesday, thanks to the popularity of edgy superhero movie “Deadpool 2” and as the company’s cable unit earned higher fees from distributors. FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan…
[ad_1] BEIRUT (Reuters) – Iran’s utmost authority Supreme Leader Ayatollah Ali Khamenei said the Islamic Republic had nothing to be concerned about, a report on his official website said on Wednesday, as the country’s clerical leadership faces biting U.S. sanctions. FILE PHOTO: Iran’s national flags are seen on a square in Tehran February 10, 2012,…
[ad_1] NEW YORK (Reuters) – The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check. The Nasdaq posted its seventh consecutive daily advance, while the Dow was down marginally. The S&P 500’s dip occurred as the index has inched closer in recent days to its record…
[ad_1] (Reuters) – Roku Inc topped Wall Street estimates for quarterly revenue on Wednesday as the company added more subscribers to its ad-supported platform, sending its shares up nearly 9 percent. FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at…
[ad_1] (Reuters) – Roku Inc reported a 57.4 percent rise in quarterly revenue on Wednesday, helped by higher number of subscribers for its ad-supported video streaming platform. FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in…
[ad_1] (Reuters) – Tronc Inc (TRNC.O) is weighing an offer to sell the Chicago Tribune and the rest of its newspaper holdings to a private equity firm, the Chicago Tribune reported on Wednesday. FILE PHOTO: The Chicago Tribune building is seen in Chicago, Illinois, U.S. May 16, 2016. REUTERS/Jim Young/File Photo An offer of between…
[ad_1] (Reuters) – U.S. stocks were slightly lower on Wednesday as a steep fall in crude oil prices hit energy shares, more than offseting gains in technology and bank stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid The S&P 500 index…
[ad_1] BEIJING/BERLIN (Reuters) – China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States. FILE PHOTO: Iran’s national flags are seen on a square in Tehran February 10, 2012, a day…
[ad_1] HYDERABAD (Reuters) – IKEA will set some prices even lower in India than elsewhere when it opens its first store in the country on Thursday, as it woos cost-conscious shoppers unaccustomed to DIY furniture. Over a decade since floating the idea of Indian expansion, the Swedish retailer will finally mark its entry with a…
[ad_1] WASHINGTON (Reuters) – The American Medical Association, which represents U.S. physicians, urged the U.S. Justice Department on Wednesday to stop CVS Health Corp’s (CVS.N) plan to buy insurance provider Aetna Inc (AET.N), saying the deal could result in higher prices for prescription medicines. FILE PHOTO A logo of CVS Health is displayed on a…
[ad_1] After a largely successful IPO, Dropbox is adding another couple of hires today as it looks to continue its consumer-slash-enterprise growth playbook: bringing on a new VP of product in former CEO and president of Wealthfront Adam Nash; and a new VP of product marketing and global campaigns in Naman Khan. Both have extensive…
[ad_1] NEW YORK (Reuters) – Oil prices fell after Chinese import data showed a slowdown in demand, weighing on world equity markets which fell modestly, even as U.S. technology shares extended recent gains. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid China…
[ad_1] Magna International Inc. has lowered its expectations for the second half of 2018 amid uncertainty surrounding tariffs and trade negotiations between the United States and other countries, including Canada and China. Canada’s largest auto parts maker has edged down its full-year estimates for sales, margins and other key metrics but Magna chief executive Don…
[ad_1] Yesterday Oracle announced a new online transaction processing database service, finally bringing its key database technology into the cloud. The company, which has been around for over four decades made its mark selling databases to the biggest companies in the world, but as the world has changed, large enterprise customers have been moving increasingly…
[ad_1] China is imposing additional tariffs of 25 per cent on $16 billion US worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry said, the same…
[ad_1] Tesla Inc said on Wednesday its board is evaluating chief executive Elon Musk’s idea of taking the company private after he brought the matter up for discussion last week. Musk took Tesla shareholders and the stock market by surprise on Tuesday by announcing on Twitter he was considering taking the loss-making electric car-maker private…
[ad_1] (Reuters) – Tesla Inc (TSLA.O) said on Wednesday its board is evaluating Chief Executive Elon Musk’s idea of taking the company private after he brought the matter up for discussion last week. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research…
[ad_1] Twitter CEO Jack Dorsey defended his company’s decision not to ban right-wing conspiracy theorist Alex Jones and his Infowars show, as many other social media platforms have done, saying he did not break any rules. Over the past week, Facebook, Apple, YouTube and Spotify took down material published by Jones, reflecting more aggressive enforcement…
[ad_1] While some of the largest technology companies in the world are racing to figure out the next generation of machine learning-focused chips that will support devices — whether that’s data centers or edge devices — there’s a whole class of startups that are racing to get there first. That includes Cerebras Systems, one of…
[ad_1] (Reuters) – U.S. stocks were set to open lower on Wednesday after China retaliated to Washington’s latest tariffs, clouding a strong showing for corporate earnings. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid China responded to an equal degree, after Washington…
[ad_1] HONG KONG (Reuters) – China is slapping additional import tariffs of 25 percent on $16 billion worth of U.S. goods ranging from oil and steel products to autos and medical equipment, the commerce ministry said, as the world’s two largest economies escalate their trade dispute. FILE PHOTO: Chinese and U.S. flags are set up…
[ad_1] BEIJING (Reuters) – China’s exports growth unexpectedly accelerated in July despite fresh U.S. tariffs, while its trade surplus with the United States remained near record highs as Beijing and Washington ramped up a bitter dispute that has rattled financial markets. Cars to be exported sit at a port in Lianyungang, Jiangsu province, China August…
[ad_1] BEIJING/BERLIN (Reuters) – China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States. FILE PHOTO: Iran’s national flags are seen on a square in Tehran February 10, 2012, a day…
[ad_1] TORONTO (Reuters) – Thomson Reuters Corp on Wednesday reported a 2 percent rise in quarterly revenue and said it was on track for a “solid” full-year performance. FILE PHOTO: The Thomson Reuters logo is seen on the company building in Times Square, New York October 29, 2013. REUTERS/Carlo Allegri/File Photo The news and information…
[ad_1] BEIJING (Reuters) – China’s soybean and soymeal prices jumped as data showing a drop in soybean imports stirred supply concerns as a bitter trade dispute between Washington and Beijing plays out. FILE PHOTO: A man displays imported soybeans at a port in Nantong, Jiangsu province, China April 9, 2018. REUTERS/Stringer Soybean prices in the…
[ad_1] LONDON (Reuters) – Glencore (GLEN.L) reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts, as higher costs and lower prices for cobalt and other products ate into profits. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, November…
[ad_1] LONDON (Reuters) – World shares held near one-week highs on Wednesday, supported by robust U.S. earnings and expectations of additional stimulus from Beijing that could temper the impact of China’s simmering trade dispute with the United States. FILE PHOTO: People walk past the London Stock Exchange Group offices in the City of London, Britain,…
[ad_1] BEIJING (Reuters) – China’s exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world’s two major economic powers ramped up a bitter dispute that some fear could derail global growth. FILE PHOTO: Chinese container ship “Cosco Shipping Aries”…
[ad_1] BEIJING (Reuters) – China’s exports surged more than expected in July despite fresh U.S. duties and its closely watched surplus with the United States remained near record highs, as Washington finalised its new tariff list in a bitter dispute that some fear could derail global growth. FILE PHOTO: Chinese container ship “Cosco Shipping Aries”…
[ad_1] LONDON (Reuters) – Glencore (GLEN.L) on Wednesday reported a 23 percent rise in first-half earnings and a 12 percent increase from its trading division while noting higher production costs for copper and zinc and a still volatile market. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters…
[ad_1] SEOUL (Reuters) – Samsung Group will invest 25 trillion won ($22 billion) over three years in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business, Samsung Electronics (005930.KS) said on Wednesday. FILE PHOTO: The Samsung logo is seen in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo The investment…
[ad_1] SAN FRANCISCO/LOS ANGELES (Reuters) – Tesla Inc’s production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. Flags fly over the Tesla Inc.…
[ad_1] CINCINNATI (Reuters) – Kroger Co (KR.N), the nation’s biggest supermarket chain, whose founder delivered groceries by horse and buggy, is using a different kind of horsepower in its race with online grocery sellers. The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein The 135-year-old company is experimenting…
[ad_1] HYDERABAD (Reuters) – IKEA will do things differently in India after it opens its first store in the nation on Thursday, as it deals with higher taxes on imported goods and looks to woo cost-conscious shoppers unaccustomed to the company’s DIY furniture assembly style. FILE PHOTO: The logo of IKEA is seen above a…
[ad_1] (Reuters) – Amazon.com Inc on Wednesday said it was launching curbside pickup at Whole Foods stores, in its latest tactic to win over U.S. grocery shoppers. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City,U.S., January 29, 2016. REUTERS/Mike Segar/File Photo Customers can place orders via…
[ad_1] BEIJING (Reuters) – Certain people who want to wield the “stick of hegemony” on China with tariffs for their own personal ends will only end up hurting themselves, major Chinese state newspapers said on Wednesday in a unified message against the United States. FILE PHOTO: Chinese and U.S. flags are set up for a…
[ad_1] KUALA LUMPUR (Reuters) – A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port in Malaysia on Tuesday about six months after it was seized. Seized luxury yacht Equanimity, belonging to fugitive Malaysian financier Low Taek Jho, is…
[ad_1] Slack — the app that lets coworkers and others in professional circles chat with each other and call in data from hundreds of integrated apps in the name of getting more work done (or at least procrastinating in an entertaining way) — has been on a growth tear in the last few years, most…
[ad_1] (Reuters) – Apple Inc told U.S. lawmakers on Tuesday that its iPhones do not listen to users without their consent and do not allow third-party apps to do so either, after lawmakers asked the company if its devices were invading users’ privacy. A man holds an Apple iPhone as he walks on a street…
[ad_1] Salesforce is moving to a two CEO model after it promoted executive Keith Block, who was most recently COO, to the position of co-CEO. Block will work alongside Salesforce’s flamboyant founder, chairman and CEO (now co-CEO) Marc Benioff, with both reporting directly to the company’s board. Block joined Salesforce five years ago after spending…
[ad_1] HONG KONG (Reuters) – China Tower Corp Ltd’s (0788.HK) shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions weighing on investor sentiment towards the world’s biggest initial public offering (IPO) in two years. FILE PHOTO A sign of China Tower Corp is seen at the PT…
[ad_1] TOKYO (Reuters) – Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan October 11, 2017.…
[ad_1] SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints. “Am…
[ad_1] SAN FRANCISCO (Reuters) – Snap Inc on Tuesday reported higher-than-expected quarterly revenue but its first-ever drop in daily Snapchat users. Saudi Arabia’s Prince Alwaleed bin Talal announced soon after the second-quarter results that he had finalized a $250 million deal in May to buy a 2.3 percent stake in Snap. Shares in Snap climbed…
[ad_1] SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints. “Am…
[ad_1] WASHINGTON (Reuters) – The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the U.S. Trade Representative’s office said on Tuesday as it published a final tariff list targeting 279 imported product lines. FILE PHOTO – Shipping containers are seen at the port in Shanghai,…
[ad_1] Kinder Morgan Canada documents say expanding the Trans Mountain pipeline could cost the federal government an additional $1.9 billion beyond the company’s original construction estimate, and will take another year to complete. The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange Commission related to the company’s…
[ad_1] Snap Inc.’s Snapchat app unexpectedly lost users in the second quarter, the company said on Tuesday, likely adding fuel to investor fears about slowing growth in the social media sector. Daily users fell to 188 million from 191 million in the prior quarter, which could heighten investor anxiety about how competition and privacy issues…
[ad_1] Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted, says an energy economist. Eastern Canadian refineries import about 75,000 to 80,000 barrels per day of Saudi Arabian crude, said Judith Dwarkin, chief economist with RS…
[ad_1] Kinder Morgan Canada documents say expanding the Trans Mountain pipeline will cost the federal government an additional $1.9 billion beyond the company’s original construction estimate, and will take another year to complete. The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange Commission related to the…
[ad_1] Oracle executive chairman and CTO, Larry Ellison, first introduced the company’s autonomous database at Oracle Open World last year. The company later launched an autonomous data warehouse. Today, it announced the next step with the launch of the Oracle Autonomous Transaction Processing (ATP) service. This latest autonomous database tool promises the same level of autonomy…
[ad_1] (Reuters) – Federal prosecutors drafted a criminal complaint against a former Goldman Sachs (GS.N) banker early this year for his alleged role in a Malaysian fraud, but the charges were never filed because of a Justice Department turf battle, the New York Times reported on Tuesday. A sign is displayed in the reception of…
[ad_1] (Reuters) – The S&P 500 inched toward a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the strength in the U.S. economy. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New…
[ad_1] Saputo Inc. says its first-quarter profit was down from the same time last year as a result of numerous negative factors including the cost of acquisitions, operating costs, currency fluctuations and prices for some of its products. The Montreal-based company is Canada’s largest cheese maker and one of the largest in the world, with…
[ad_1] The largest shareholder in Aeroplan’s parent company, Aimia Inc., has applauded the firm’s board of directors for not agreeing to sell the Aeroplan point program to a group led by Air Canada. In an open letter, Christopher Mittleman, the chief investment officer and managing partner at Mittleman Brothers, LLC of New York, said the recent offer from Air Canada and its…
[ad_1] (Reuters) – Twenty-First Century Fox Inc (FOXA.O) on Tuesday posted an offer document and form of acceptance for its 14 pounds a share offer to buy UK’s Sky (SKYB.L) on Tuesday. FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New…
[ad_1] The price gap between the thick and heavy Canadian oil benchmark and the more widely used American one has risen to its widest level in more than five years. The price of the heavy tarry type of oil that comes out of Alberta’s oilsands is known as Western Canada Select is now trading below…
[ad_1] Flight dispatchers at WestJet are the latest group of employees at the airline seeking to join a union. The Canadian Airline Dispatchers Association (CALDA) said in a release that they have filed an application with the Canada Industrial Relations Board to represent dispatchers at the carrier. “As WestJet continues to grow and evolve, WestJet…
[ad_1] InVision continues its slow march toward design world domination, today announcing the hire of Mike Davidson who will take over as Head of Partnerships and Community. Davidson was previously the VP of Design at Twitter, where he built a 100-person team that was responsible for every aspect of Twitter’s user experience and branding, including…
[ad_1] (Reuters) – The benchmark S&P 500 was within striking distance of a record high on Tuesday, powered by gains in technology stocks, with a strong second-quarter earnings season fueling optimism about the strength in the U.S. economy. A trader works on the floor of the New York Stock Exchange shortly after the opening bell…
[ad_1] In June of this year, Chinese hackers managed to install software into the networks of a contractor for the U.S. Navy and steal information on a roughly $300 million top-secret submarine program. Two years ago, hackers infiltrated the networks of a vendor servicing the Australian military and made off with files containing a trove…
[ad_1] Bausch Health Companies Inc. posted a net loss of $873 million US in the second quarter as the company formerly known as Valeant Pharmaceuticals experienced a bigger operating loss and a bigger provision for income taxes than last year. The company, which reports in U.S. currency, says it recorded a $138 million provision for…
[ad_1] A Canadian real estate company already under investigation for using facial recognition technology in malls may also be tracking the movement of shoppers using mobile phones. A former employee of Cadillac Fairview told CBC News he was aware of at least one of the company’s Canadian shopping centres that had a system installed to…
[ad_1] (Reuters) – U.S. stocks opened higher on Tuesday, with the S&P 500 within striking distance of a record high, lifted by gains in technology stocks. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 31, 2018. REUTERS/Lucas Jackson The Dow Jones…
[ad_1] Aeroplan’s parent company, Aimia Inc., announces that Edmonton-based carrier Flair Airlines has signed up to use the loyalty program starting in 2020. In a news release Tuesday, the two companies announced a deal that will allow Aeroplan members to earn points when booking flights on Flair routes and redeem existing points for seats on Flair flights. “At…
[ad_1] HONG KONG (Reuters) – Alibaba Group (BABA.N) plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, sources told Reuters. The Alibaba units to be merged include food delivery platform Ele.me and food and lifestyle…
[ad_1] Evolute, a 3-year old startup out of Mountain View, officially launched the Evolute platform today with the goal of helping large organizations migrate applications to containers and manage those containers at scale. Evolute founder and CEO Kristopher Francisco says he wants to give all Fortune 500 companies access to the same technology that big…
[ad_1] Anyone who thinks the CBC does not serve conservative-leaning Canadians should look at the comments for a recent online story about inheritance taxes. The article was based on a report about the wide gulf between rich and poor issued by the left-leaning Canadian Centre for Policy Alternatives think-tank. The report suggested the lack of an inheritance tax in this country…
[ad_1] (Reuters) – New U.S. sanctions against Iran took effect on Tuesday, and President Donald Trump, who defied Washington’s allies to impose them, pledged that companies doing business with Tehran would be barred from doing business with the United States. Following are comments and responses from companies in Europe which last year did far more…
[ad_1] (Reuters) – Billionaire investor Carl Icahn on Tuesday urged Cigna Corp (CI.N) shareholders to vote against the health insurer’s $52 billion purchase of Express Scripts Holding Co (ESRX.O), citing regulations and the growing threat of Amazon.Com Inc (AMZN.O). August 18, 2017: Carl Icahn, special adviser to President Donald Trump. REUTERS/Brendan McDermid The Cigna-Express Scripts…
[ad_1] ZURICH (Reuters) – Nestle (NESN.S) sees no direct fallout from renewed U.S. sanctions on Iran, the world’s biggest food company said on Tuesday. FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Switzerland May 31, 2018. REUTERS/Denis Balibouse/File Photo “We continue to closely follow political developments regarding sanctions against Iran.…
[ad_1] LONDON (Reuters) – World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for over two years and an upbeat start for Europe followed Wall Street’s best close since January. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23,…
[ad_1] BEIJING/SHANGHAI (Reuters) – Tesla Inc (TSLA.O) has started hiring for its new Shanghai factory, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion project. People walk past a showroom outside Tesla China headquarters at China Central Mall…
[ad_1] NEW YORK (Reuters) – S&P 500 companies engaged in a brisk pace of share buybacks in the second quarter, putting them on track to near or beat the first quarter’s record level, according to a S&P Dow Jones Indices analysis. FILE PHOTO: A trader works in a work space on the floor of the…
[ad_1] BEIJING (Reuters) – Baidu Inc (BIDU.O) is prepared to win against Alphabet Inc’s (GOOGL.O) Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine giant was planning to re-enter a market it left eight years ago. A Baidu logo is seen at the Global Mobile Internet Conference…
[ad_1] LONDON (Reuters) – GlaxoSmithKline (GSK.L) has named Iain Mackay from global bank HSBC (HSBA.L) as its new chief financial officer, marking another key appointment by Chief Executive Emma Walmsley as she reshapes the top team at Britain’s biggest drugmaker. FILE PHOTO: The GlaxoSmithKline (GSK) logo is seen on top of GSK Asia House in…
[ad_1] BERLIN (Reuters) – German car and truck manufacturer Daimler (DAIGn.DE) on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday. FILE PHOTO: FILE PHOTO: The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, February 4,…
[ad_1] NEW YORK (Reuters) – The three major U.S. stock indexes closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services. The S&P edged closer to a record hit on Jan. 26, closing within a…
[ad_1] HONG KONG (Reuters) – Alibaba Group (BABA.N) plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, four people told Reuters. FILE PHOTO – Drivers of food delivery service Ele.me (in blue) and Meituan (in…
[ad_1] TOKYO (Reuters) – A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo,…
[ad_1] (Reuters) – Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said. FILE PHOTO: A Mattress Firm store, a brand owned by…
[ad_1] SHANGHAI (Reuters) – Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war. FILE PHOTO: Shipping containers are seen on a cargo vessel at…
[ad_1] (Reuters) – Facebook Inc (FB.O) said on Monday it is in talks to deepen links with banks and financial institutions, saying it can help the firms improve their customer service. FILE PHOTO: A woman looks at the Facebook logo on an iPad in this photo illustration taken June 3, 2018. REUTERS/Regis Duvignau/File Photo The…
[ad_1] KUALA LUMPUR (Reuters) – The U.S. Justice Department wants to suspend its legal efforts to take possession of the superyacht Equanimity, impounded as part of a hunt for assets linked to the multi-billion dollar 1Malaysia Development Bhd (1MDB) scandal. The Cayman Islands-flagged $250 million luxury yacht Equanimity is seen in the waters of Batam,…
[ad_1] TOKYO (Reuters) – Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai/File Photo MSCI’s broadest index of Asia-Pacific shares outside…
[ad_1] TOKYO (Reuters) – Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai/File Photo MSCI’s broadest index of Asia-Pacific shares outside…
[ad_1] SHANGHAI (Reuters) – A Chinese state newspaper on Tuesday described as “wishful thinking” U.S. President Donald Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war and an example of his “ability to elasticize the truth.” FILE PHOTO: Shipping containers are seen on a cargo vessel at…
[ad_1] (Reuters) – Investor Carl Icahn will send an open letter to the shareholders of insurer Cigna Corp (CI.N) asking them to vote against the company’s $52 billion Express Scripts Holding Co (ESRX.O) buyout, the Wall Street Journal reported on Monday, citing a draft of the letter. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an…
[ad_1] HONG KONG/LONDON (Reuters) – HSBC Holdings Plc (HSBA.L) posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million settlement for alleged mis-selling of U.S. mortgage securities ate into higher revenues. Shares in Europe’s biggest bank dipped in London as investors and analysts…
[ad_1] NEW YORK (Reuters) – Sempra Energy’s (SRE.N) Chief Executive Jeffrey Martin told investors on Monday the company was in a “constructive dialogue” with activist investor Elliott Management, which has been pushing for sweeping changes at the utility. FILE PHOTO: Sempra Energy headquarters is pictured in downtown San Diego, California, U.S., May 17, 2018. REUTERS/Mike…
[ad_1] CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) is scouting for a partner with a manufacturing and distribution footprint to make lightweight motorcycles for use in India and other Asian markets, a top company executive said. FILE PHOTO: A biker rides his Harley-Davidson during a parade at the “Hamburg Harley Days” in Hamburg, Germany, June 24,…
[ad_1] (Reuters) – Marriott International Inc (MAR.O) on Monday signaled weakness in revenue per available room (revPAR) in North America, its largest market, for the third quarter, sending shares of the world’s largest hotel chain down about 4 percent. FILE PHOTO The Marriott logo is seen on a door at the New York Marriott Marquis…
[ad_1] Twilio today reported a positive quarter that brought it to profitability — on an adjusted basis — ahead of schedule for Wall Street, sending the stock soaring 16 percent in extended hours after the release came out. While according to traditional accounting principles Twilio still lost money (this usually includes stock-based compensation, a key…
[ad_1] Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower. Sterling dropped to an 11-month low after the British trade minister warned that the nation was…
[ad_1] NEW YORK (Reuters) – Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower. FILE PHOTO: A trader works at Frankfurt’s stock exchange in Frankfurt, Germany,…
[ad_1] WASHINGTON (Reuters) – The U.S. government said on Monday the judge in the trial to stop AT&T Inc’s (T.N) purchase of Time Warner failed to take into account the Justice Department’s arguments about how the deal would decrease competition. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo…
[ad_1] NEW YORK (Reuters) – Oil futures gained on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran. A man pumps gas into his car at a gas station in Caracas, Venezuela August 3,…
[ad_1] Canada will review the joint vehicle emissions standards it has with the United States before it decides what to do about the U.S.’s plan to weaken those standards in the coming years. Environment Minister Catherine McKenna will unveil a discussion paper as early as Tuesday to kickstart that review, just days after the White…
[ad_1] WASHINGTON (Reuters) – Loan officers at U.S. banks reported easing lending standards for business loans for firms of all sizes while keeping terms for commercial real estate loans almost unchanged in the second quarter, a Federal Reserve survey showed on Monday. FILE PHOTO: A security guard patrols the Federal Reserve building in Washington, DC,…
[ad_1] MEXICO CITY (Reuters) – Mexico’s economy minister Ildefonso Guajardo said on Monday that the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and that the United States is studying it. FILE PHOTO: Mexico’s Economy Minister Ildefonso Guajardo speaks to the media during a news…
[ad_1] (Reuters) – The S&P 500 edged higher on Monday, buoyed by strong results from Berkshire Hathaway Inc and Tyson Foods, while Nasdaq got a lift from gains in Facebook and PepsiCo. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 31,…
[ad_1] (Reuters) – Tyson Foods Inc (TSN.N), the No. 1 U.S. meat processor, beat analysts’ quarterly profit estimates on Monday due to strong demand for beef, but executives warned that trade disputes were threatening the company’s pork and chicken businesses. China is importing less U.S. pork after Beijing imposed tariffs on American shipments as part…
[ad_1] NEW YORK (Reuters) – Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran. A man pumps gas into his car at a gas station in Caracas, Venezuela August 3,…
[ad_1] Longtime PepsiCo CEO Indra Nooyi will step down as the top executive at the world’s second-largest food and beverage company. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 100 company. She oversaw PepsiCo during a turbulent time in the industry that…
[ad_1] (Reuters) – U.S. stock indexes were little changed on Monday as investors weighed an escalating trade dispute between the United States and China, and a mixed bag of corporate results. A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 31, 2018.…
[ad_1] Saudi Arabia said on Sunday that it is ordering Canada’s ambassador to leave the country and freezing all new trade and investment transactions with Canada in a spat over human rights. “We consider the Canadian ambassador to the Kingdom of Saudi Arabia persona non grata and order him to leave within the next 24…
[ad_1] KUALA LUMPUR (Reuters) – Indonesia handed over to Malaysia on Monday a $250 million luxury yacht, impounded earlier this year as part of an international hunt for assets purchased with billions of dollars allegedly siphoned off from state fund 1Malaysia Development Bhd. FILE PHOTO: A man covers his mouth as he walks past a…
[ad_1] LONDON (Reuters) – Stock markets struggled on Monday as fears of a further escalation in the U.S.-China trade conflict offset prospects for more bumper corporate earnings, and broader market sentiment remained fragile. FILE PHOTO: A trader works at Frankfurt’s stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski/File Photo Chinese state media launched…
[ad_1] Business travelers have become an increasingly important part of the Airbnb business, according to a new blog post. The company says that Airbnb for Work, which launched in 2014, has seen bookings triple from 2015 to 2016, and triple again from 2016 to 2017. In fact, Airbnb says that almost 700,000 companies have signed…
[ad_1] (Reuters) – PepsiCo Inc said on Monday Indra Nooyi would step down as its longtime chief executive officer, handing over the reins to company veteran Ramon Laguarta at a time the beverage maker navigates a shrinking global soda market. CEO of PepsiCo Indra Nooyi speaks at the Bloomberg Global Business Forum in New York…
[ad_1] LONDON (Reuters) – Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel. A man pumps gas into his car at a gas station in Caracas, Venezuela August…
[ad_1] HANOI (Reuters) – A court in Vietnam handed lengthy prison terms on Wednesday to several former bankers accused of mismanagement, amid a crackdown on corruption in the communist-ruled country. Former Construction bank chairman Pham Cong Danh (R) is escorted by police as he leaves the court after the verdict session in Hanoi, Vietnam September…
[ad_1] TOKYO (Reuters) – Japanese gaming group Universal Entertainment Corp (6425.T) said on Monday its former chairman Kazuo Okada was arrested in Hong Kong by the territory’s Independent Commission Against Corruption in relation to multiple corruption-related offences. FILE PHOTO: Universal Entertainment Corp’s founder Kazuo Okada attends a news conference at the Tokyo District Court in…
[ad_1] LONDON (Reuters) – Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel. A man pumps gas into his car at a gas station in Caracas,…
[ad_1] European shares struggled on Monday as fears of the escalating U.S.-China trade conflict outweighed the boost to sentiment from Chinese authorities’ intervention last week to shore up its currency. [ad_2] Source link
[ad_1] FRANKFURT (Reuters) – Shares in Linde (LIN1.DE) plunged more than 8 percent on Monday after the industrial gases group’s planned $87 billion merger with Praxair (PX.N) was put in doubt by demands from U.S. antitrust regulators. FILE PHOTO: Linde Group logo is seen at a company building in Munich-Pullach, Germany August 16, 2016. REUTERS/Michaela…
[ad_1] SYDNEY (Reuters) – Asian shares pared gains on Monday as Chinese stocks swung into negative territory, dragged lower by the escalating Sino-U.S. trade war, though Beijing’s efforts to stop sharp declines in the yuan helped support the currency. Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan, March…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. A man pumps gas into his car at a gas station in Caracas, Venezuela August 3, 2018. REUTERS/Marco Bello Markets also anticipated an announcement from Washington later on…
[ad_1] SHANGHAI (Reuters) – As U.S. and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything from management to logistics say they have seen soaring demand for their services. FILE PHOTO: A worker packs bottles of soybean oil made from the…
[ad_1] BERLIN (Reuters) – For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. FILE PHOTO: Floating excavators prepare an underwater trench for the North Stream 2 pipeline close to Lubmin, Germany, May 15, 2018. REUTERS/Axel Schmidt/File Photo But a new…
[ad_1] NEW YORK (Reuters) – U.S. government debt supply will likely continue to boom, but bond market investors seem to be taking it in stride. FILE PHOTO: U.S. President Donald Trump departs after a signing ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington, U.S., April 21, 2017. REUTERS/Aaron P. Bernstein The…
[ad_1] HONG KONG/LONDON (Reuters) – HSBC Holdings Plc (HSBA.L) said on Monday its pretax profit rose 4.6 percent for the first half of the year, as Europe’s biggest bank showed early progress in its strategy of returning to growth mode after years of restructuring. FILE PHOTO: HSBC bank signage is pictured in Singapore, September 5,…
[ad_1] SYDNEY (Reuters) – Stocks across Asia advanced on Monday as China’s efforts to stop sharp declines in its currency and capital flight supported wider sentiment in the region, although the escalating Sino-U.S. trade conflict has capped gains. Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2,…
[ad_1] BEIJING (Reuters) – Chinese state media on Monday lashed out at U.S. President Donald Trump’s trade policies in an unusually personal attack, even as they sought to reassure investors about the health of China’s economy as growth concerns roiled its financial markets. FILE PHOTO: Chinese and U.S. flags are set up for a signing…
[ad_1] SINGAPORE (Reuters) – Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. A man pumps gas into his car at a gas station in Caracas, Venezuela August 3, 2018. REUTERS/Marco Bello Markets also anticipated an announcement from Washington due later…
[ad_1] SHANGHAI (Reuters) – China’s state media on Monday lashed out at the policies of U.S. President Donald Trump in an usually direct attack, accusing him of “starring in his own carefully orchestrated street fighter-style deceitful drama”. FILE PHOTO: Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S.…
[ad_1] SYDNEY (Reuters) – Asian stocks rose on Monday after China’s central bank took steps to try to drag the yuan away from 14-month lows, but the tit-for-tat conflict over Sino-U.S. trade hung heavily on markets. Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan, March 2, 2016. REUTERS/Thomas…
[ad_1] BEVERLY HILLS, Calif. (Reuters) – The president of CBS Entertainment said on Sunday that the broadcast network is committed to a safe workplace following a “tough week” clouded by allegations of sexual misconduct against Chief Executive Leslie Moonves. The CBS broadcasting logo is seen outside their headquarters in Manhattan, New York, U.S., July 30,…
[ad_1] BERLIN (Reuters) – Munich Re (MUVGn.DE), the world’s biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, caving to pressure from investors. The company logo of German reinsurer Munich Re is seen before the company’s annual…
[ad_1] An Antigonish, N.S., chocolate company founded by former Syrian refugees is set to double in size, again. When the Hadhad family arrived in Canada two years ago, they were determined to rebuild their chocolate business that was bombed in their home country. Just weeks after their arrival, they started making chocolate in their kitchen and selling it at…
[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. What tariffs mean for canned goods Some canned items could soon cost you more due to the tariff dispute with the United States. The Trump administration put levies on Canadian metal…
[ad_1] Many Sears Canada retirees found it hard to take this week when they got their first reduced pension payment — chopped by 30 per cent. They had been bracing for a 20 per cent cut, but only learned in June it would shrink by a further 10 per cent. “It’s terrible,” said Ron Husk of Mount Pearl, N.L.,…
[ad_1] JAKARTA (Reuters) – Indonesia lobbied visiting U.S. Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign and trade ministers said on Sunday. (L-R) Indonesia’s Foreign Minister Retno Marsudi stands beside Indonesia’s President Joko Widodo as he talks to U.S. Secretary…
[ad_1] LONDON/SAN FRANCISCO (Reuters) – Huawei Technologies [HWT.UL] is facing increased scrutiny in Britain because it is using an aging software component sold by a firm based in the United States, one of the countries where lawmakers allege its equipment could facilitate Chinese spying, sources told Reuters. FILE PHOTO: People walk past a Huawei sign…
[ad_1] BERLIN (Reuters) – German industrial gases group Linde (LIN1.DE) said it and U.S. rival Praxair (PX.N) may need to sell more assets than anticipated to secure antitrust approval for their planned $87 billion tie-up, which could scupper the deal. FILE PHOTO: Linde Group logo is seen at a company building in Munich-Pullach, Germany August…
[ad_1] BERLIN (Reuters) – An easing of European banking regulation risks taking power from regulators to ensure that banks have sufficient capital to withstand crises, ECB board member Sabine Lautenschlaeger has told a German newspaper. FILE PHOTO: European Central Bank (ECB) executive board member Sabine Lautenschlaeger delivers her keynote speech during the annual regulatory conference…
[ad_1] OTTAWA (Reuters) – Canada is “very keen” on concluding negotiations to renew the North American Free Trade Agreement as soon as possible, Foreign Minister Chrystia Freeland said on Saturday, amid signs of progress after months of delays. Canada’s Foreign Minister Chrystia Freeland attends a bilateral meeting with China’s Foreign Minister Wang Yi on the…
[ad_1] OTTAWA (Reuters) – Canada wants negotiations to renew the trilateral NAFTA trade pact to be concluded as quickly as possible, Foreign Minister Chrystia Freeland said on Saturday, amid signs of progress after months of delays. Canada’s Foreign Minister Chrystia Freeland attends a bilateral meeting with China’s Foreign Minister Wang Yi on the sidelines of…
[ad_1] (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand. FILE PHOTO: Shareholders walk through the exhibit hall at the Berkshire Hathaway Inc annual meeting, the…
[ad_1] (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand. Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company…
[ad_1] BEIJING/SINGAPORE (Reuters) – China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and they accused the United States of blackmail. Shipping containers and cargo vessels are seen at the Dachan Bay Terminals in Shenzhen, Guangdong province, China July 12, 2018. REUTERS/Stringer Late on Friday,…
[ad_1] BEIJING/HANGZHOU, China (Reuters) – In the cramped former home of Jack Ma, founder of the Chinese e-commerce giant Alibaba, about thirty young engineers sit elbow-to-elbow, working to attract the next million users for DingTalk, Alibaba’s workplace communication software. Their installation in the hallowed flat where Ma got his start in the eastern city of…
[ad_1] KUALA LUMPUR (Reuters) – Indonesia has agreed to hand over to Malaysia a $250 million luxury yacht linked to a corruption scandal at a Malaysian state fund that it impounded in Bali earlier this year, Indonesian authorities said on Saturday. FILE PHOTO: A man covers his mouth as he walks past a 1 Malaysia…
[ad_1] Corporate earnings are on track for their best year ever, but at least some of the corresponding rise in stock prices is because of buybacks — a piece of financial alchemy that critics say diverts money from more important uses like expanding business and paying workers more. A buyback, as the name implies, is when a company buys back some of…
[ad_1] BEIJING/SINGAPORE (Reuters) – China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and accused the United States of blackmail. Shipping containers and cargo vessels are seen at the Dachan Bay Terminals in Shenzhen, Guangdong province, China July 12, 2018. REUTERS/Stringer Late on Friday, China’s…
[ad_1] FRANKFURT (Reuters) – Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering. FILE PHOTO: The headquarters of Deutsche Bank is pictured in Frankfurt, Germany,…
[ad_1] BEIJING/SINGAPORE (Reuters) – China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion in U.S. goods showed rational restraint, although in an opinion piece it still admonished the United States for blackmail and bullyboy tactics. Shipping containers and cargo vessels are seen at the Dachan Bay Terminals in Shenzhen, Guangdong province,…
[ad_1] (Reuters) – Kraft Heinz Co (KHC.O) topped quarterly profit and revenue estimates on Friday as the Tater Tots maker raised product prices and posted higher-than-expected sales from the United States for the first time in several quarters. A box of Kraft Velveeta shells and cheese is displayed in a grocery store in New York…
[ad_1] NEW YORK (Reuters) – The U.S. economy is growing at a 4.4 percent annualized rate in the third quarter in the wake of the latest data on payrolls and services activity, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday. This was slower than the 5.0 percent pace calculated by the regional Fed’s…
[ad_1] WASHINGTON (Reuters) – U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that labor market conditions continued to tighten. With manufacturing payrolls increasing by the most in seven months, the moderation in hiring reported by the Labor…
[ad_1] WASHINGTON (Reuters) – The White House said on Friday the United States is open to further talks with China on how to resolve a tit-for-tat trade dispute between Washington and Beijing. Shipping containers are seen on a cargo vessel at the Dachan Bay Terminals in Shenzhen, Guangdong province, China July 12, 2018. REUTERS/Stringer White…
[ad_1] (Reuters) – General Motors Co (GM.N) is seeking an exemption to a 25 percent U.S. tariff on its Chinese-made Buick Envision sport utility, the automaker said on Thursday, in a move to prevent the key model in the brand’s U.S. lineup from becoming a victim of the U.S.-China trade war. FILE PHOTO: General Motors…
[ad_1] WASHINGTON (Reuters) – The Democratic National Committee warned party candidates running in November elections not to use devices made by Chinese telecommunications companies ZTE Corp and Huawei Technologies because they pose a security risk, a Democratic source said on Friday. FILE PHOTO: People walk past a Huawei sign at CES (Consumer Electronics Show) Asia…
[ad_1] WASHINGTON (Reuters) – A few U.S. companies that moved offshore in a wave of inversion deals are considering returning to the United States now that domestic tax rates are lower and tax policing is tougher abroad, attorneys and consultants said. FILE PHOTO: U.S. President Donald Trump speaks during a roundtable on tax cuts for…
[ad_1] (Reuters) – Shares in Apple Inc (AAPL.O) edged higher on Friday but stayed close to the $1 trillion valuation milestone the iPhone maker reached a day earlier, even as Wall Street predicted more gains. An electronic screen displays the Apple Inc. stock price at the Nasdaq Market Site in New York City, New York,…
[ad_1] (Reuters) – Dish Network Corp (DISH.O) reported better-than-expected quarterly profit and revenue on Friday, as the company lost fewer satellite TV subscribers than expected and said it was on track to build the first phase of its wireless network. The U.S. satellite TV provider has struggled to stop losses from cord-cutting as viewers move…
[ad_1] WASHINGTON (Reuters) – An appeals court that is hearing the U.S. Justice Department’s fight with AT&T (T.N) over its merger with Time Warner agreed on Friday to allow the release of transcripts of bench conferences that the public was unable to listen in on during the trial in a lower court. FILE PHOTO: Smartphone…
[ad_1] NEW YORK (Reuters) – Stocks around the world advanced on Friday on strong earnings, with consumer staples results boosting Wall Street, though a trade spat between the United States and China along with weaker-than-expected U.S. jobs numbers capped gains and weighed on the dollar. FILE PHOTO: Traders work on the floor of the New…
[ad_1] NEW YORK (Reuters) – U.S. stocks advanced on Friday as upbeat earnings helped investors shrug off heightened trade anxieties and weaker-than-expected July jobs growth. For the week, the S&P 500 and the Nasdaq gained ground, up 0.8 percent and 1.0 percent, respectively, while the Dow was essentially flat. The S&P 500 notched its fifth…
[ad_1] WASHINGTON (Reuters) – Creators of fake accounts and news pages on Facebook (FB.O) are learning from their past mistakes and making themselves harder to track and identify, posing new challenges in preventing the platform from being used for political misinformation, cyber security experts say. This was apparent as Facebook tried to determine who created…
[ad_1] NEW YORK (Reuters) – Wells Fargo & Co (WFC.N) is facing government probes into its use of low-income housing tax credits, and has also set aside $8 million to compensate borrowers who were incorrectly denied mortgage modifications under a federal assistance program, the bank said in a regulatory filing on Friday. FILE PHOTO: A…
[ad_1] NEW YORK/BEIJING (Reuters) – China’s proposed tariffs on U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess. FILE PHOTO: Chinese and U.S. flags are set up for a meeting…
[ad_1] SAN FRANCISCO (Reuters) – Amazon (AMZN.O), Microsoft (MSFT.O) and Alphabet (GOOGL.O) are locked in a tight race to become the second publicly-listed U.S. company to reach a $1 trillion stock market value after Apple (AAPL.O) became the first to touch the 13-digit milestone. Clientes pasan frente al logo de Apple en una tienda de…
[ad_1] Discount carrier Flair Airlines Ltd. said Friday it will stop serving Hamilton on Oct. 27, and plans to add more flights to Toronto. The Edmonton-based airline said it is it halting all service to Hamilton International Airport following “extensive analysis.” “The decision to move all of our Southern Ontario operations to Toronto was a difficult one for us,” Flair executive…
[ad_1] BEIJING/SINGAPORE (Reuters) – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from Beijing…
[ad_1] (Reuters) – Dish Network Corp (DISH.O) reported better-than-expected quarterly profit and revenue on Friday, as the company lost fewer satellite TV subscribers than expected and said it was on track to build the first phase of its wireless network. The U.S. satellite TV provider has struggled to stop losses from cord-cutting as viewers move…
[ad_1] (Reuters) – U.S. satellite TV provider Dish Network Corp (DISH.O) reported better-than-expected quarterly profit and revenue on Friday, as the company lost fewer subscribers than expected. Dish shed a net 192,000 satellite customers during the second quarter, below analyst expectations for losses of 235,000 customers, according to research firm FactSet. Shares of Dish rose…
[ad_1] NEW YORK/BEIJING (Reuters) – China’s targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during…
[ad_1] Telus Corp. surprised analysts with the strength of its second-quarter residential subscriber growth but its net income and adjusted earnings were flat compared with the same time last year as its wireless operations faced pricing challenges. Western Canada’s largest residential phone company — and one of Canada’s three national wireless companies — said it…
[ad_1] NEW YORK (Reuters) – Stocks around the world edged higher on Friday on robust earnings, with consumer staples results boosting Wall Street, though a trade spat between the U.S. and China and tepid U.S. jobs numbers capped gains and weighed down the dollar. FILE PHOTO: Traders work on the floor of the New York…
[ad_1] As employers duke it out over hiring the best possible candidates, especially ones coming out of school, they are starting to get a little bit more creative with their incentive packages — and that includes offering an option for paying down student debt. Goodly is a new startup that’s looking to help those employers…
[ad_1] Home sales in the Greater Toronto Area climbed significantly in July in a divergence from the latest numbers in Vancouver. Residential home sales were up 18.6 per cent in the GTA for the month compared with last July, the Toronto Real Estate Board said Friday. The average selling price of the 6,961 homes that…
[ad_1] WASHINGTON (Reuters) – U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labor market was tightening. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S.,…
[ad_1] NEW YORK (Reuters) – Insurer American International Group Inc slid more than three percent in morning trading on Friday after executives tried to downplay another weak earnings report and vowed a turnaround was on the horizon. FILE PHOTO: The AIG logo is seen at its building in New York’s financial district in New York,…
[ad_1] Stack Overflow and other various sites and tools have made it easy to Google search for solutions — or code snippets — to the easier parts of putting together an app or program for developers, but Aidan Cunniffe wants to take that one automated step further. That’s the premise behind Optic, which gives developers a…
[ad_1] Britain faces an “uncomfortably high” risk of leaving the European Union with no deal, comments that drove sterling to an 11-day low against the dollar, Bank of England governor Mark Carney said Friday. With less than eight months until Britain is set to quit the EU, the government has yet to agree to a divorce deal with…
[ad_1] Higher shipments of passenger cars and lights trucks south of the border helped drive up Canadian exports to the United States by 2.5 per cent in June to a record $37.1 billion, Statistics Canada reported Friday. The federal agency said imports from the United States edged up 0.3 per cent in June to $32.9 billion. As a…
[ad_1] (Reuters) – U.S. stock index futures gave up early gains to trade flat on Friday after data showed U.S. job growth slowed more than expected in July. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 31, 2018. REUTERS/Lucas Jackson Nonfarm payrolls…
[ad_1] Aimia Inc. says it has a new deal for Toronto-based Porter Airlines to become a preferred Canadian airline for the Aeroplan loyalty points program as of July 2020, when the current arrangement with Air Canada ends. The announcement follows Aimia’s rejection of a bid for Aeroplan from an Air Canada-led group that includes the…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Friday said higher U.S. auto tariffs would ramp up the cost of vehicles produced locally along with those imported to the United States from Japan, which would have a “big impact” on its bottom line. FILE PHOTO: Visitors look at car models on the Toyota stand…
[ad_1] HONG KONG (Reuters) – Chinese ride-hailing giant Didi Chuxing and Alibaba’s (BABA.N) Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions. FILE PHOTO: Bicycles of bike-sharing company Ofo are seen…
[ad_1] BERLIN (Reuters) – Carmaker Opel, a unit of France’s PSA Group (PEUP.PA), plans to slow production at two German sites after the summer to help cut costs in response to declining sales, regional newspaper Allgemeine Zeitung reported on Friday. FILE PHOTO: The Opel development centre is pictured in Ruesselsheim, Germany July 5, 2018. REUTERS/Ralph…
[ad_1] LONDON (Reuters) – A group of Financial Times reporters have complained about the pay of CEO John Ridding, who earned 2.6 million pounds ($3.4 million) in 2017, and called for him to give back some of the money, according to an email seen by Reuters. FILE PHOTO – Financial Times Chief Executive Officer John…
[ad_1] HONG KONG/SHANGHAI (Reuters) – Heineken NV (HEIN.AS) is buying a $3.1 billion stake in the firm controlling China Resources Beer (0291.HK), China’s largest brewer, as the companies seek to tap a growing thirst for premium brands in the world’s biggest beer market. FILE PHOTO: Heineken beers are seen on a production line at the…
[ad_1] SEATTLE (Reuters) – Amazon.com (AMZN.O) founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm’s heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project. FILE PHOTO: Amazon and Blue Origin founder…
[ad_1] LONDON/NEW YORK (Reuters) – A threat to impose sanctions on Russian sovereign debt transactions is one of the biggest financial weapons that the U.S. can deploy against the Kremlin, but Moscow’s slide down the investment league table in recent years means the move will not pack the punch it once would have. FILE PHOTO…
[ad_1] BEIJING/HANGZHOU, China (Reuters) – In the cramped former home of Jack Ma, founder of the Chinese e-commerce giant Alibaba, about thirty young engineers sit elbow-to-elbow, working to attract the next million users for DingTalk, Alibaba’s workplace communication software. Employees work at DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province,…
[ad_1] HONG KONG (Reuters) – Chinese ride-hailing giant Didi Chuxing and Alibaba’s (BABA.N) Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions. FILE PHOTO: Bicycles of bike-sharing company Ofo are seen…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Friday posted a 19 percent profit jump for the first quarter, beating estimates and clocking its best quarterly performance in two-and-a-half years on the back of higher sales and cost reductions in Asia. FILE PHOTO: Visitors look at car models on the Toyota stand during the…
[ad_1] TOKYO (Reuters) – Asian stocks inched up on Friday, following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington limited gains and drove safehaven flows to the dollar, which brushed a two-week high. FILE PHOTO: Employees of a foreign exchange trading company work near monitors broadcasting…
[ad_1] TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Friday posted a 19 percent rise in first-quarter profit, beating estimates, on the back of sales growth in Asia and cost reductions in that region and at home. FILE PHOTO: Visitors look at car models on the Toyota stand during the 88th Geneva International Motor Show…
[ad_1] HONG KONG/SHANGHAI (Reuters) – Heineken NV (HEIN.AS) has struck a $3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer Co Ltd (0291.HK), as the two firms seek to tap a growing thirst for premium brands in the world’s biggest beer market. FILE PHOTO: Heineken beers are seen on a…
[ad_1] TOKYO (Reuters) – Japan is considering creating a sovereign wealth fund to invest in U.S. infrastructure projects and U.S.-Japan joint projects in third countries and will float the idea at two-way trade talks in Washington next week, the Nikkei daily reported on Friday. Japan’s Deputy Prime Minister and Finance Minister Taro Aso speaks to…
[ad_1] NEW YORK (Reuters) – An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped major U.S. indexes close in positive territory. A trader works on the floor of the…
[ad_1] TOKYO (Reuters) – Asian stocks inched on Friday following a tech-led rise on Wall Street, although the latest exchange of trade threats between Beijing and Washington capped gains and drove safehaven flows to the dollar, which hovered near a two-week high. FILE PHOTO: Employees of a foreign exchange trading company work near monitors broadcasting…
[ad_1] (Reuters) – Apple Inc (AAPL.O) Chief Executive Tim Cook said on Thursday that the iPhone maker’s $1 trillion market capitalization was “not the most important measure” of the company’s success but was instead a result of its focus on its products, customers and company values. FILE PHOTO: Tim Cook, Chief Executive Officer of Apple…
[ad_1] TOKYO (Reuters) – Asian stocks were steady on Friday, with gains from the tech-led rise on Wall Street capped by the latest exchange of trade threats between Beijing and Washington, while safehaven flows lifted the dollar to a two-week high. FILE PHOTO: Employees of a foreign exchange trading company work near monitors broadcasting TV…
[ad_1] HONG KONG (Reuters) – Heineken NV (HEIN.AS) said on Friday it has agreed to sell its China operations and take a 40 percent stake in a firm controlling the country’s biggest beer maker China Resources Beer Co Ltd (0291.HK) in a $3.1 billion deal. FILE PHOTO: Heineken beers are seen on a production line…
[ad_1] (Reuters) – Heineken said it signed a non-binding agreement with China Resources Enterprise Limited and China Resources Beer Holdings and will become a minority partner with a 40 percent stake in the holding company CRH (Beer) Limited. FILE PHOTO: Heineken beers are seen on a production line at the Heineken brewery in Jacarei, Brazil…
[ad_1] (Reuters) – Shake Shack Inc (SHAK.N) said on Thursday that delays in new restaurant openings would slow revenue growth this year, disappointing Wall Street which was expecting the company to raise its guidance. FILE PHOTO: Passersby walk in front of the Shake Shack restaurant in the Manhattan borough of New York, December 29, 2014.…
[ad_1] (Reuters) – CBS Corp’s (CBS.N) quarterly results topped Wall Street targets and CEO Les Moonves delivered an upbeat message to investors about the media company’s future on Thursday, without addressing allegations of sexual misconduct against him reported last week. FILE PHOTO: The CBS television network logo is seen outside their offices on 6th avenue…
[ad_1] (Reuters) – American International Group Inc (AIG.N) on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. FILE PHOTO: A banner for American International Group Inc (AIG) hangs on the facade of the New York Stock Exchange, in New York, U.S., on…
[ad_1] NEW YORK (Reuters) – Tesla Inc (TSLA.O) shares soared 16 percent on Thursday, a day after the electric car maker’s better-than-expected quarterly report, and financial analytics firm S3 Partners said short-sellers were slammed with $1.7 billion in paper losses on the day. FILE PHOTO: The Tesla logo is seen at the entrance to Tesla…
[ad_1] NEW YORK (Reuters) – Technology stocks pushed the S&P 500 and Nasdaq higher on Thursday, driven by Apple shares as the iPhone maker became the first publicly traded U.S. company worth a trillion dollars. Apple Inc (AAPL.O) extended its post-earnings rally, gaining 2.9 percent and pushing its market value across the trillion-dollar threshold. “It’s…
[ad_1] SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. The tech company’s stock jumped 2.9 percent to end…
[ad_1] (Reuters) – Allergan Plc on Thursday sued Pfizer Inc to force its larger rival to cover any damages Allergan is forced to pay as a result of hundreds of lawsuits claiming it deceptively marketed an opioid acquired from Pfizer. FILE PHOTO: The Pfizer logo is seen at their world headquarters in New York April…
[ad_1] NEW YORK (Reuters) – A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped lift major U.S. indexes into positive territory. A trader works on the floor of the…
[ad_1] The United States government has given most Canadian newsprint producers a reprieve by lowering final anti-dumping and countervailing duties in its final determination issued Thursday. The move comes after several American businesses complained the tax on Canadian newsprint would threaten the already-struggling American newspaper industry. The total tariff for Catalyst Paper Corp. decreased to…
[ad_1] With its focus no longer diverted by the aircraft formerly known as the C Series, Bombardier Inc. says it is working to improve the profitability of its regional jets and turboprops by boosting sales and cutting costs. The Montreal-based transportation giant’s regional aircraft order backlog rose to 116 planes, enough for three years of…
[ad_1] Arm, the semiconductor firm you probably still remember as ARM, today announced that it has acquired Treasure Data, a data management platform for large enterprise customers. The companies didn’t announce the financial details of the transaction, but earlier reporting by Bloomberg pegged the price at $600 million. This move strengthens Arm’s IoT nascent play, given…
[ad_1] NEW YORK (Reuters) – Donna Fenn bought shares of Apple Inc (AAPL.O) in the 1980s on the recommendation of a stockbroker a good friend of hers was dating. She’d heard of the company because its co-founder Steve Jobs had appeared on the cover of the magazine she worked for. Steve Jobs in an undated…
[ad_1] The United States and Mexico are nearing a deal on the key issue of autos content rules at talks to renew the North American Free Trade Agreement, Mexican and Canadian officials said on Wednesday. Guillermo Malpica, head of the trade and NAFTA office for the Mexican government, said the United States had “started showing…
[ad_1] Fiat Chrysler is recalling more than 1.4 million Ram pickups in the U.S. and Canada because tailgates with power locks can open while the trucks are moving. The recall covers Ram 1500, 2500 and 3500 pickups from the 2015 through 2017 model years. The company said in U.S. and Canadian government documents that if the…
[ad_1] CBS will report second-quarter earnings on Thursday as turmoil swirls around the media company as the important fall TV season approaches. CEO Les Moonves is facing a board investigation after the New Yorker published a story on Friday with six women accusing him of sexual misconduct spanning three decades. The allegations against Moonves include…
[ad_1] Aimia Inc. says it’s in talks with the Oneworld airline alliance, a potential partner for its Aeroplan program, which is currently a takeover target by an Air Canada-led group that has offered to buy the loyalty points program. The Montreal-based company confirmed the discussions with Oneworld, whose members include British Airways, American Airlines and…
[ad_1] (Reuters) – Shares of Tesla Inc (TSLA.O) jumped 11 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks. Elon Musk speaks at a Boring Company community meeting in Bel Air, Los…
[ad_1] Tariffs and price hikes could soon make it harder to crack open a cold can of craft beer. Ottawa-area breweries say they are facing an aluminum can shortage, with deliveries delayed and prices rising. Some are blaming the trade war between Canada and the United States. Brewers fear retaliatory tariffs the Canadian government imposed on aluminum imports…
[ad_1] Swoop will become Canada’s first ultra low cost airline to fly to the United States when it launches service this fall to five popular tourist destinations in Florida, Nevada and Arizona. The subsidiary of WestJet Airlines Ltd. will start Oct. 11 with flights to Las Vegas from Abbotsford, B.C., and Edmonton, Alta., about four…
[ad_1] (Reuters) – Wall Street was set to open lower after tech and industrial stocks fell, as fears of a trade spat between the United States and China failed to let up after President Donald Trump proposed 25 percent tariffs on $200 billion worth of Chinese imports. Traders work on the floor of the New…
[ad_1] PARIS (Reuters) – Franco-Dutch airline Air France-KLM (AIRF.PA) is unlikely to name a new leadership team before the end of August or early September, sources close to the matter told Reuters. The Air France-KLM company logo is seen during the company’s half-year results in Paris, France, August 1, 2018. REUTERS/Benoit Tessier The airline has…
[ad_1] SINGAPORE/BEIJING (Reuters) – China on Thursday urged the United States to “calm down” and return to reason after the Trump administration sought to ratchet up pressure for trade concessions by proposing a higher 25-percent tariff on $200 billion worth of Chinese imports. FILE PHOTO: Shipping containers, including one labelled “China Shipping,” are stacked at…
[ad_1] (Reuters) – Yum Brands Inc’s (YUM.N) sales at established outlets fell short of Wall Street estimates on Thursday, as fewer customers dined at its Pizza Hut chains. Logos of KFC, owned by Yum Brands Inc, are seen on its delivery bicycles in front of its restaurant in Beijing February 25, 2013. REUTERS/Kim Kyung-Hoon/File Photo…
[ad_1] BEIJING (Reuters) – China on Thursday urged the United States to return to reason after the Trump administration sought to ratchet up pressure for trade concessions by proposing a higher 25-percent tariff on $200 billion worth of Chinese imports. FILE PHOTO: Shipping containers, including one labelled “China Shipping,” are stacked at the Paul W.…
[ad_1] SHANGHAI/SINGAPORE (Reuters) – China Eastern Airlines Corp Ltd (600115.SS) and Japan Airlines Co Ltd (JAL) (9201.T) on Thursday said they would form a joint venture to capitalize on a Chinese tourism boom, in the first such deal between a Chinese and Japanese carrier. FILE PHOTO: A China Eastern Airlines Airbus A320-200 plane takes off…
[ad_1] LONDON (Reuters) – Fears of an escalating trade dispute between the United States and China spread from Asian markets to Europe on Thursday, triggering a fall in bonds yields and stocks, particularly among exporters. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby…
[ad_1] This week’s startling jump in economic growth was due to just one thing. As economists and commentators fretted over a trade war with the United States and concerns that Europe and Mexico might be making deals that excluded Canada, the Canadian oil industry was on a tear. Almost exactly four years since the Canadian petroleum…
[ad_1] It’s time for Sears Canada’s board of directors to disband and stop racking up costs, according to the law firm representing the defunct retailer’s former employees, which will argue for the board’s removal in Ontario Supreme Court on Aug. 27. Although Sears closed its final stores in January, its four directors remain on the job. So far this…
[ad_1] BEIJING (Reuters) – China on Thursday urged the United States to return to rationality, after the Trump administration sought to ratchet up pressure for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports. Foreign Ministry spokesman Geng Shuang made the comment at a daily news briefing in…
[ad_1] PARIS (Reuters) – One day, the weather could drive your domestic schedule. Your dishwasher springs to life at the windiest time of day. The washing machine starts spinning when the sun beats down. High-tension electrical power lines are seen near the Golfech nuclear plant on the border of the Garonne River between Agen and…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Dow slipped on Wednesday as gains in Apple shares were offset by a drop in energy and industrial companies, while the U.S. Federal Reserve remained on course for an expected interest rate hike in September. Technology companies pushed the Nasdaq higher. The central bank left rates…
[ad_1] (Reuters) – T-Mobile US Inc (TMUS.O) on Wednesday said it added far more wireless subscribers than Wall Street had expected, as the third-largest U.S. wireless carrier invests in its network while awaiting regulatory approval to buy rival Sprint Corp (S.N). A T-Mobile logo is seen on the storefront door of a store in Manhattan,…
[ad_1] NEW YORK (Reuters) – Tesla Inc said on Wednesday that it would raise capital from Asian debt markets to fund the construction of its third “Gigafactory,” which will be located in Shanghai and cost an approximate $2 billion. FILE PHOTO: SpaceX founder Elon Musk pauses at a press conference following the first launch of…
[ad_1] SINGAPORE (Reuters) – When the U.S. Secretary of State flies into Southeast Asia this week with a new investment pitch for the region, the response could be: thanks a million, but please stop threatening a trade war with China that will make us lose billions of dollars. FILE PHOTO: U.S. Secretary of State Mike…
[ad_1] TOKYO (Reuters) – Asian stocks dropped on Thursday as the latest escalation in the Sino-U.S. trade war hit Chinese shares, while global bond markets were rattled by increased borrowing by Washington and Japan’s new tolerance for higher yields. FILE PHOTO: An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo,…
[ad_1] (Reuters) – CBS Corp (CBS.N) said on Wednesday it retained two law firms for a full investigation into the allegations about Chairman and Chief Executive Leslie Moonves, CBS News and cultural issues in the company. FILE PHOTO: CEO of CBS Corp, Leslie Moonves, waves on the first day of the annual Allen and Co.…
[ad_1] SHANGHAI (Reuters) – Starbucks Corp (SBUX.O) is partnering with Alibaba (BABA.N) to deliver its coffee in Chinese cities, betting the move will revive sales growth in its second-largest market that is witnessing aggressive competition from local coffee start-ups. Starbucks CEO Kevin Johnson speaks at a news conference in Shanghai, China August 2, 2018. REUTERS/Aly…
[ad_1] TRAVERSE CITY, Mich. (Reuters) – The United States and Mexico are nearing a deal on the key issue of autos content rules at talks to renew the North American Free Trade Agreement, Mexican and Canadian officials said on Wednesday. Mexican trade official Guillermo Malpica Soto (L) and Canadian trade negotiator Colin Bird discuss progress…
[ad_1] SHANGHAI (Reuters) – Starbucks Corp (SBUX.O) launched on Thursday a partnership with Alibaba Group’s (BABA.N) Chinese food delivery platform Ele.me, in a move to shore up sales in its second-largest market and to battle aggressive competition from local coffee start-ups. FILE PHOTO: A Starbucks Corp drive-through location closes down for anti-bias training in Oceanside,…
[ad_1] TOKYO (Reuters) – Asian stocks were little changed on Thursday, with sentiment fragile after the latest escalation in Sino-U.S. trade war while global bond markets were rattled by Washington’s increased borrowing and Japan’s new tolerance for higher yields. FILE PHOTO: An employee of the Tokyo Stock Exchange (TSE) works at the bourse in Tokyo,…
[ad_1] NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) said on Wednesday it is among banks and securities dealers being investigated by the U.S. Securities and Exchange Commission for their handling of so-called “pre-released” American Depositary Receipts (ADR) between 2011 and 2015. FILE PHOTO: A view of the exterior of the JP Morgan Chase…
[ad_1] (Reuters) – Walmart Inc (WMT.N) was sued on Wednesday by a Silicon Valley company that accused the largest U.S. retailer of stealing its technology to prolong the shelf life of produce and reduce spoilage. FILE PHOTO: The logo of Walmart is pictured at one of their stores in Monterrey, Mexico March 6, 2017. REUTERS/Daniel…
[ad_1] SAN FRANCISCO (Reuters) – Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year. Chief Executive Musk is under intense…
[ad_1] WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) and other retail and logistics companies said on Wednesday they had started a new group to lobby to keep the U.S. Postal Service’s (USPS) package delivery services “reliable and affordable.” FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City,U.S., January…
[ad_1] SAN FRANCISCO (Reuters) – Tesla said it would produce its new Model 3 sedan at a profit after several recent weeks in which output stabilized, buoying hopes that the electric vehicle maker led by Elon Musk will stanch its financial losses in the second half of the year. FILE PHOTO: A man walks near…
[ad_1] Marketers are increasingly looking for social media celebrities and influencers who can promote their products with more authenticity (or at least, the appearance of authenticity) than a traditional ad. So Altru CEO Alykhan Rehmatullah wondered: Why can’t businesses do something similar with recruiting? And that’s what Altru is trying to accomplish, powering a page…
[ad_1] WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration said on Wednesday. Aerial view of containers at a loading terminal in the port of Hamburg, Germany August 1, 2018. REUTERS/Fabian…
[ad_1] (Reuters) – T-Mobile US Inc (TMUS.O) on Wednesday said it added more wireless subscribers than Wall Street had expected, as the third-largest U.S. wireless carrier gained customers, helped by its lower prices. A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton…
[ad_1] Tesla Inc. said on Wednesday it expects to increase Model 3 production to 6,000 per week by late August, buoying expectations that the Elon Musk-led electric vehicle maker will meet its goal of profitability and positive cash flow in the next two quarters. Tesla said it expects to produce 50,000 to 55,000 Model 3s…
[ad_1] NEW YORK (Reuters) – The S&P 500 and Dow slipped on Wednesday as gains in Apple (AAPL.O) were offset by a drop in energy and industrial shares, while the U.S. Federal Reserve remained on course for an expected hike in September. Traders work on the floor of the New York Stock Exchange shortly after…
[ad_1] (Reuters) – Billionaire investor Carl Icahn has a sizable stake in health insurer Cigna (CI.N) and plans to vote against its planned $52 billion acquisition of pharmacy benefits manager Express Scripts (ESRX.O), the Wall Street Journal reported here on Wednesday. August 18, 2017: Carl Icahn, special adviser to President Donald Trump. REUTERS/Brendan McDermid Icahn…
[ad_1] WASHINGTON (Reuters) – U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term. Construction lifts are parked near the Drydock Center in Boston, Massachusetts, U.S., June 2, 2017. REUTERS/Brian Snyder Other data on Wednesday…
[ad_1] MILAN (Reuters) – Ferrari’s (RACE.MI) new boss sought to reassure investors that he would execute midterm targets set by his predecessor, Sergio Marchionne, but the stock fell more than 8 percent on Wednesday when he described the goals to 2022 as “aspirational”. FILE PHOTO: The Ferrari Insignia is seen at the back of a…
[ad_1] Major car manufacturing countries — Canada included — faced a grim reality as officials met in Geneva this week: U.S. President Donald Trump’s car tariffs (should he follow through and impose them) may be worse than anything they’ve dealt with so far, no matter what they do in response or retaliation. No one’s sure if…
[ad_1] Medical marijuana producer Aphria Inc. says its revenues surged in the fourth quarter of its fiscal year but its net loss nearly doubled as it expands in preparation for Canada legalizing recreational cannabis use in October. The Leamington, Ont.-based company’s net loss nearly doubled to $5 million from $2.6 million in the prior year…
[ad_1] PARIS/ZURICH/LONDON (Reuters) – Sanofi and Novartis said on Wednesday they planned to increase stockpiles of medicines in Britain in preparation for potential disruption if the UK crashes out of the European Union without a deal. FILE PHOTO: The Sanofi logo in front of the entrance of the French drug company’s headquarters in Paris, October…
[ad_1] Today WhatsApp launches its first revenue-generating enterprise product and the only way it currently makes money directly from its app. The WhatsApp Business API is launching to let businesses respond to messages from users for free for up to 24 hours, but will charge them a fixed rate by country per message sent after…
[ad_1] Brookfield Infrastructure Partners has made a $4.3-billion friendly takeover offer for Enercare Inc., which provides a variety of residential utility services. Enercare’s board unanimously supports the Brookfield Infrastructure offer, which is worth the equivalent of $29 per share in cash with an option to receive some of the price in equity. The offer is…
[ad_1] WASHINGTON (Reuters) – U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term. Construction lifts are parked near the Drydock Center in Boston, Massachusetts, U.S., June 2, 2017. REUTERS/Brian Snyder Other data on Wednesday…