TOKYO (Reuters) – Asian shares fell on Thursday after the United States hit Chinese telecoms giant Huawei with severe sanctions, threatening to further strain Sino-U.S. trade ties. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.2%, hovering not far off its lowest since late January. Japan’s Nikkei dropped 0.6%, with banks hurt by weak […]

TOKYO (Reuters) – Asian shares steadied on Thursday on news that U.S. President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak U.S. and Chinese economic data. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, with […]

Shares in Keyera Corp. rose by as much as nine per cent after it announced it will proceed with a long-anticipated $1.3-billion pipeline to bring natural gas liquids from northwestern Alberta to market. The Key Access Pipeline System is designed to collect condensate and other petroleum liquids produced with natural gas in the Montney and […]

WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co’s pick for its next chief executive, a development that could complicate the scandal-hit lender’s efforts to find a permanent replacement for CEO Tim Sloan. Joseph Otting, the Comptroller of the Currency (OCC), told Congress he would use […]

Good Wednesday. (Want this by email? Sign up here.) Tariffs might be the new normal Tariffs may be here to stay, as what first seemed to be a temporary bargaining tool is starting to look like the way of the future, Ana Swanson of the NYT writes. • The U.S. now has the highest tariff […]

(Reuters) – Macy’s Inc topped Wall Street estimates for quarterly same-store sales and profit on Wednesday, benefiting from increased digital sales and higher demand for items sold at its off-price stores. Macy’s has been pouring money into building up its private label as well as expand its off-price venture, Backstage, by adding 45 more stores […]

SINGAPORE – Trumid, a New York-based fintech startup and bond trading platform, has secured fresh investment from global investment firm Hillhouse Capital in a US$60 million funding round. With this move, Hillhouse Capital will own a minority stake in the company. Also taking part in this round of funding are existing investors Singapore Exchange (SGX) […]

B&Q owner Kingfisher said the DIY chain has enjoyed a sales bounceback thanks to warm spring weather and a sun-soaked Easter weekend. The group reported like-for-like sales growth of 2.8pc for B&Q in Ireland and the UK for the three months to April 30, which marks a turnaround on recent trading and from a year […]

DETROIT/TOKYO (Reuters) – Nissan Motor Co Ltd said on Tuesday it had hit “rock bottom” with a 45% drop in annual operating profit. The automaker’s troubles in the United States, including a failure to deliver on a slew of promises to dealers, are a major reason why. Nissan’s U.S. operations, once a big contributor to […]

NEW YORK (Reuters) – U.S. stocks on Tuesday reclaimed some of the ground lost in the prior day’s steep sell-off, with tariff-sensitive technology stocks leading the S&P 500 and the Nasdaq higher as investors were heartened by a tonal shift in U.S.-China trade rhetoric. All three major U.S. indexes closed in the black, although they […]