Monday, 17 Jun 2024

Business

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Lawyers for Huawei CFO detail record requests to prove her rights were violated

TORONTO (Reuters) – Lawyers for Huawei Chief Financial Officer Meng Wanzhou detailed a list of emails, notes and other records they are seeking to prove that her rights were violated before her December arrest at Vancouver’s airport, according to a court document released on Monday. Meng, 47, was arrested at the airport on Dec. 1 […]

N.S. announces $4.5 million to move sports facilities in Cape Breton

Two sports fields and the accompanying facilities in a Cape Breton community will be moved and rebuilt at a cost of $4.5 million. Provincial Business Minister Geoff MacLellan announced the funding today in New Waterford, saying the move is necessary to make way for a new community hub. An artificial turf soccer field, tennis courts, […]

PayPal to enter China market through local acquisition

HONG KONG (Reuters) – U.S. digital money transfer platform PayPal Holdings Inc (PYPL.O) has obtained Beijing’s approval to buy a controlling stake in a domestic payments firm, which would make PayPal the first foreign firm to enter China’s payment services market. Gopay Information Technology, PayPal’s acquisition target, has received approval from China’s central bank to […]

Sempra Energy to sell Peruvian businesses to China Yangtze for $3.59 billion

(Reuters) – Sempra Energy said on Monday it would sell its Peruvian businesses to a unit of China Yangtze Power Co for $3.59 billion, as part of a planned exit from South America to focus on its core U.S. and Mexican markets. The decision to wind down South American businesses was announced in January following […]

Aldi selling giant Yorkshire pudding filled with entire roast dinner for £1.99

If your favourite part of a roast dinner is undoubtedly the Yorkshire pudding… your life is about to get a lot better. As Aldi has started selling a giant Yorkshire pudding that's filled to the brim with all the classic roast dinner components, including garlicky roasted potatoes, succulent chicken, pork and onion stuffing and a […]

Global third-quarter M&A sinks to three-year low amid U.S.-China trade war fears

LONDON/NEW YORK (Reuters) – Global mergers and acquisitions (M&A) plunged 16% year-on-year to $729 billion in the third quarter, according to Refinitiv data, the lowest quarterly volume since 2016, as growing economic uncertainty curbed the risk appetite of companies considering deals. Concerns that the trade war between the United States and China has plunged global […]

Bank of America, Morgan Stanley eye growth in employee-benefits management

NEW YORK (Reuters) – Morgan Stanley (MS.N) and Bank of America Corp (BAC.N) are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and employees. The banks, which operate the two biggest U.S. wealth management firms, are focused on different parts of the benefits […]

DUP leader will 'look at' time-limited backstop if put on table

DUP leader Arlene Foster has said her party would “look at” a time-limited backstop – as she insisted there remained a chance of finding a Brexit deal before October 31. However, the Irish Government has previously rejected a deadline on the backstop to avoid a hard Border. Ms Foster told a fringe event at the […]

The New York Fed Chief Is Facing His Biggest Test. Here’s His Response.

John C. Williams, president of the Federal Reserve Bank of New York, has spent the past two weeks grappling with the regional bank’s most tumultuous period in years. Since Sept. 16, a shortage of dollars in an obscure but crucial corner of short-term Wall Street funding, called the repo market, has forced the New York […]