Business

by | December 10, 2018 | 01:58

Altria can also invest up to a further $1.4 billion within four years that would increase its ownership stake in the Toronto-based pot producer to 55 per cent under the arrangement. Constellation Brands Inc announced a $3.8-billion investment in Canopy Growth Corp in August, while Coca-Cola Co said in September it was watching the space for alliances that could potentially help it develop products containing cannabinoid oil.

by | December 08, 2018 | 11:15

Last week, BMW said it was considering building a second manufacturing plant in the United States that could produce engines and transmissions, drawing praise from Trump, who has made the revitalization of US manufacturing a key pillar of his economic program.

by | December 07, 2018 | 03:22

Alex Pourbaix, chief executive officer of oil-sands producer Cenovus, which may have to shut in about 35,000 barrels a day of production, said the industry is not happy to have the government so involved in the industry but realized that the curtailment plan was the only way to avoid "disaster".

by | December 07, 2018 | 02:05

Meng was arrested in the western city of Vancouver on December 1, Canada's ministry of justice said in a statement . In a brief announcement released today, Canada's Department of Justice has announced that it has arrested the Chief Financial Officer of Huawei , Meng Wanzhou .

by | December 06, 2018 | 01:58

President Donald Trump (R) and China's President Xi Jinping (L) along with members of their delegations, hold a dinner meeting at the end of the G20 Leaders' Summit in Buenos Aires, on December 01, 2018. Global markets did not express the same optimism, selling off in both Europe and Asia. "Narrow agreements and modest concessions in the ongoing trade dispute will not bridge the wide gulf in their respective economic, political and strategic interests", Moody's Investors Service said in a ...

by | December 04, 2018 | 04:08

MT memorial service. Jim McGrath, spokesman for the Bush family, tweeted out a photo on Sunday night, captioning it "mission complete". Upon their arrival, the former first family was greeted with ceremonial music and a 21-gun salute before Bush's casket was placed inside of a hearse.

by | December 04, 2018 | 02:09

The signing came at the front end of two days of tough diplomacy for Trump. INSKEEP: So what did you see and hear today? Andres Manuel Lopez Obrador is to be sworn into office Saturday as Mexico's president. "This has been a battle and battles sometimes make great friendships", Trump said. The Mexican government awarded him with the "Order of the Aztec Eagle" for his work on the trade deal.

by | December 04, 2018 | 03:08

So anyone out there looking to go long on the idea that American and China will quell this simmering trade war should be a little concerned with what Kuddles told Fox Business today . He said it was clear that both governments want to talk and work out their differences, but the agreement is only a "ceasefire". That would still take effect if the sides can not agree to a larger trade deal within the three-month window.

by | December 03, 2018 | 10:27

China responded by imposing its own tariffs. But in an editorial, the official China Daily warned that while the new "consensus" was a welcome development and gave both sides "breathing space" to resolve their differences, there was no "magic wand" that would allow the grievances to disappear immediately.

by | December 01, 2018 | 02:08

It described funding risks in the financial system as low, meaning the chance that mispricing of one asset - in 2007, for example, housing - triggers a run by investors that puts the solvency of USA banks at risk. The report aims to put on public display what the central bank is watching and how those parts of the market are behaving. But market watchers have been hoping for relief in the wake of stock market volatility in recent weeks that was due in part to worries about the Fed.

by | November 30, 2018 | 01:36

US President Donald Trump and Chinese President Xi Jinping are due to hold trade talks on the sidelines of the G20 summit in Buenos Aires on Saturday. US Trade Representative Robert Lighthizer on Wednesday slammed Beijing for failing to offer "meaningful reform" on aggressive trade policies that harm US workers and industry, and threatened tariffs on Chinese autos.

by | November 28, 2018 | 02:28

General Motors said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.

by | November 27, 2018 | 00:55

The market saw a wave of green, although the movement of most cryptos was very little and they are still miles away from the prices they posted a fortnight ago. When valued against Bitcoin ( BTC ), some top digital currencies, such as XRP (XRP), Dash, and Ethereum (ETH ) are doing pretty well and seeing gains.

by | November 27, 2018 | 00:57

In October, almost 65% of new vehicles sold in America were trucks or SUVs. The decision is "devastating" for workers at the plant and auto suppliers, but Oshawa has adapted over the years and will survive this as well, DesRosiers added.

by | November 27, 2018 | 00:24

Website outage tracker DownDetector.com also reported that Walmart Inc's website had some problems. More consumers have shown an increasing preference for buying holiday gifts online , diluting the importance of Black Friday when shoppers had traditionally flocked to stores for the best deals.

by | November 25, 2018 | 02:30

The shopping giant has yet to acknowledge the effort of its European employees, which will undoubtedly follow Black Friday if Amazon decides to publicly respond at all. "We encourage everyone to compare our pay, benefits and working conditions to others and come see for yourself on one of the public tours we offer every day at our centres across the United Kingdom".

by | November 24, 2018 | 01:23

The 96-acre mall was instantly filled up when it opened up its doors at 5 a.m. "Toys "R" Us had better quality for toys", said Ashley Drew, 29, shopping for her 5-year-old daughter at a Los Angeles-area Walmart , next door to the empty shell of a Toys "R" Us store.

by | November 22, 2018 | 01:30

In a statement released after the meeting, the Renault board said it had made a decision to ask its partner Nissan to "provide all information in their possession arising from the internal investigations related to Mr Ghosn ". Monday's stunning arrest of the millionaire auto tycoon, who is credited with turning around the Nissan-Renault-Mitsubishi Motors alliance, sent shockwaves through the global vehicle sector, corporate Japan and beyond.

by | November 21, 2018 | 02:52

Black Friday started out in the United States where it is marked on the Friday after Thanksgiving . Their research found 87% of the products were cheaper outside of the sales event which fell on Friday 24 November. The consumer watchdog found that waiting until after the Black Friday period would have resulted in a better deal as it was cheaper on at least 60 occasions after, starting with a further £20 discount in mid-December and even dropping to £39.99 for at least 21 days during March ...

by | November 20, 2018 | 01:52

As of November 19, the market cap of Ethereum remains at $15.92 billion. Switzerland's main stock exchange recently approved the world's first exchange traded product (ETP) tracking five major cryptocurrencies including Bitcoin [BTC], Ethereum [ETH], XRP , Bitcoin Cash [BCH] and Litecoin [LTC].

by | November 19, 2018 | 13:13

Acknowledging Mrs May has "quite a battle" to get the draft document through the House of Commons, Mr Varadkar said: "She is someone who has shown enormous resilience in the past". In addition, he emphasized that it was senseless to entertain goodwill keeping the border open. "Also the United Kingdom having left the European Union would seek to join the World Trade Organisation".

by | November 18, 2018 | 02:27

Consumers who may have the recalled product in their freezer are urged not to eat it. "15% FAT " with a "Use by" date of 10/02/2018. "It is the responsibility of the government to ensure that the turkeys headed for our Thanksgiving tables do not harbor antibiotic-resistant bacteria that have caused human illness and death".

by | November 17, 2018 | 02:07

The system Weaks says they weren't told about is an automated stall-prevention system on Boeing 737 MAX 8 and MAX 9 planes. The newspaper also reviews a November 10 Memo from Southwest Airlines, one of the US carriers to start using the MAX jets, in which it's claimed that Boeing had omitted information from flight manuals about the new flight control system, because pilots were unlikely to find themselves in any situation that would require them to use the system.

by | November 17, 2018 | 01:40

The DBX will be the first product to be built at the company's new St Athan facility, which will ultimately become Aston's "Home of Electrification". Nevertheless, Aston Martin has now thrown an official spy video at us, one that shows the DBX throwing some land around on the gravel stages of the Wales Rally GB.

by | November 16, 2018 | 00:37

An industry report was said to show United States stockpiles rose 8.8 million barrels last week, more than double the increase forecast in a Bloomberg survey before government data due on Thursday. The persistent has also been linked to the growing concerns and warnings from the IEA and OPEC over a supply glut, heading into 2019. Every dollar per barrel change in crude oil prices impacts the import bill by Rs 823 crore ($0.13 billion).

by | November 15, 2018 | 01:33

The S&P 500 technology sector index fell 3.3 per cent, and the financial sector index fell 1.8 per cent. General Electric Co shares fell 6.9% after new chief executive officer Larry Culp said the company was saddled with too much debt and would urgently sell assets to reduce leverage.

by | November 15, 2018 | 01:08

Nonetheless, the extra space will help the rapidly growing company. Cuomo and Mayor Bill de Blasio on Tuesday said Amazon's decision was a vindication of that strategy, which the mayor said would benefit all New Yorkers. The company already had large corporate workforces in greater Washington and NY. The area is trying to revive itself after thousands of federal jobs moved elsewhere .

by | November 14, 2018 | 17:19

Weaker global economic growth "could lead to widening the gap between supply and demand". Oil slumped into a bear market last week, as fears of a supply glut deepened on USA waivers for some buyers of Iranian oil, as well as rising inventories and record production in America.

by | November 14, 2018 | 17:02

Brent dropped US$1.97 a barrel, or 2.8 per cent, to a low of US$68.15 and was trading at around US$68.40 by 1045 GMT. Oil's fall accelerated on Tuesday, with U.S. Brent Crude is not down more than 20 percent from its recent high, officially putting it in bear market territory. Spot prices in September were significantly higher than those for later delivery, a structure known as backwardation that implies a tight market as it is unattractive to put oil into storage.

by | November 12, 2018 | 01:35

This year's November 11 gala offers a glimpse of consumer sentiment in China as US tensions and a tit-for-tat tariff war depress stock markets and threaten to dampen the world's No. Alibaba was crucial in making Singles' Day, previously an obscure holiday observed by just a handful of companies , a massive cultural phenomenon over the last decade.

by | November 09, 2018 | 03:31

Lion Air's first two attempts to address the airspeed indicator problem didn't work and for the Boeing 737 MAX 8 plane's second to last flight, the angle of attack sensors were replaced, he said. If the flow is disrupted by a plane going too slow or climbing too steeply, that can cause an aerodynamic stall and a plane will plummet. It is one thing for an engineer to fix a problem once but if the problem persists as it did with this aircraft then there is something far deeper that needs ...

by | November 08, 2018 | 03:45

The official vote total is 2,285,364 in favor of legalizing recreational marijuana in MI. MI voters have passed an initiative to legalize marijuana. The proposal also creates an additional license for marijuana "microbusinesses" for grows of up to 150 plants, and individuals can grow up to 12 marijuana plants per household.

by | November 08, 2018 | 03:25

The appeal sought to challenge a lower court ruling that upheld Obama-era net neutrality rules that banned Internet service providers from giving preferential treatment to certain websites, CNBC reported . Network neutrality forbids providers from creating paid "fast lanes" that offer better service for certain products or users. Those new regulations are the subject of a separate challenge pending in the appeals court, the U.S.

by | November 07, 2018 | 03:54

The United States reimposed sanctions on Iran's oil industry and financial sector Monday, following through on President Donald Trump's pledge to roll back relief Iran received as part of the worldwide agreement to limit its nuclear program.

by | November 07, 2018 | 03:33

Republicans are expected to retain their slight majority in the US Senate , now at two seats , which would let them retain the power to approve US Supreme Court and other judicial nominations on straight party-line votes. His ability to govern in the final two years of his term will hinge upon the outcome. What time do polls close? . "The Democrats still essentially have no path to the majority without winning one of these three states: North Dakota, Tennessee, and Texas , and the ...