Money


China warns U.S. against imposing trade sanctions as talks end
- June 03, 2018

The agreement came several weeks after each country threatened to impose $150 billion tariffs on each other's goods and services. It's when countries attack each other's trade with taxes and quotas. Some people familiar with the matter have told Reuters that approval may depend on progress of broader talks and a reprieve from a USA government ban on sales by US companies to China's ZTE Corp, penalised for illegally supplying telecommunications gear to Iran and North Korea. (more...)
Want to Save the Planet? Go Vegan, Study Says Want to Save the Planet? Go Vegan, Study Says
- June 03, 2018

But it is a call to understand the impact our consumption is having on the planet, especially as this isn't the first study to come to this conclusion. The way we produce food, consume and waste food is unsustainable from a planetary perspective. High impact beef producers could create 105kg of carbon dioxide equivalent and use 370 metre square of land per 100 grams of protein. (more...)
CMA to investigate funeral prices CMA to investigate funeral prices
- June 03, 2018

If it finds issues of particular concern, the CMA could take further action, such as opening consumer or competition enforcement cases or launching a full market investigation. Regulation by others would lead to less choice, higher costs and "a less dedicated oversight of the market", it argued. Pre-paid funeral providers don't now come under the scope of the Financial Conduct Authority (FCA). (more...)
Deutsche Bank gets key investor backing as S&P doubts strategy Deutsche Bank gets key investor backing as S&P doubts strategy
- June 03, 2018

Reports that the Federal Reserve viewed Deutsche Bank as "troubled" a year ago hit its shares and bonds on Thursday. "That's exactly how I feel". Deutsche said in a statement that it is "very well capitalized", adding that its main U.S. (more...)
Air India finds no buyers as deadline expires today Air India finds no buyers as deadline expires today
- June 03, 2018

Back in 2001, during the then NDA government, the disinvestment process was scrapped. "Further course of action will be decided appropriately", said a statement from the Ministry of Civil Aviation. Apart from that, the prospective buyer is supposed to pare half of its total debt of Rs 54,000 crore. The bid was especially crucial since the central government's goal to retain the fiscal deficit was already under pressure from giveaways to farmers and other welfare benefits ahead of a ... (more...)
Highstreet Asset Management INC Stake in Bank Of Nova Scotia (BNS) Increased Highstreet Asset Management INC Stake in Bank Of Nova Scotia (BNS) Increased
- June 03, 2018

The Firm has ATR of 0.86 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range. The ex-dividend date is Friday, March 31st. A total of 1.72 Billion shares exchanged at hands and its average trading volume is standing at 682.46 Million shares. (more...)
$1 million ticket drawn Friday sold in Sudbury
- June 03, 2018

Marie, Toronto the Sault Ste. Marie and area won $2 million in Friday's draw. That victor hasn't come forward, yet, to claim their six-figure prize. There are even more chances for lottery players to win big this weekend. Thirty-three tickets across Canada, 19 of them in Ontario, won Maxmillions prizes. (more...)
Lowest-paid workers to find out rise Lowest-paid workers to find out rise
- June 03, 2018

According to the B.C. government announcement this week, the following wage increases will be in effect June 1. "An increase of the magnitude they propose would always carry a substantial risk of reducing the employment opportunities for low-skilled workers, including many young persons looking for work". (more...)
US Crude Oil Little Changed After Losses, Record Output Weighs US Crude Oil Little Changed After Losses, Record Output Weighs
- June 03, 2018

Investors are awaiting news on whether OPEC and allies will boost production ahead of a meeting this weekend between some producers. According to the Weekly Petroleum Status Report, U.S. On Thursday, the premium for Brent over WTI surpassed US$11 a barrel, the largest since early 2015. Brent, the worldwide benchmark, was down 0.8% to $76.97 a barrel. (more...)
Crackdown on rip off credit 'is not enough' Crackdown on rip off credit 'is not enough'
- June 03, 2018

The FCA still sees a need for "more fundamental change" in the way banks charge for overdrafts, he said. Andrew Bailey , the head of the FCA, said the watchdog had put forward a significant package of reforms to protect consumers, adding: "High-cost credit is used by over 3 million consumers in the United Kingdom, some of whom are the most vulnerable in society". (more...)
ANZ facing action over alleged $2.5 billion placement ANZ facing action over alleged $2.5 billion placement
- June 03, 2018

The charges concern a $2.5 billion share placement in 2015. ANZ Bank, Deutsche Bank , and Citigroup will be charged with criminal cartel activity in Australia. While it is unclear how significant these factors have been to decisions that led Deutsche Bank to be downgraded, or to any aspect related to the Australian investigation of its involvement in the ANZ deal, the addition of those cartel charges is another major problem for the embattled bank. (more...)
Canada hoping its tariff threat will prompt United States back down Canada hoping its tariff threat will prompt United States back down
- June 03, 2018

Morneau added that tariffs would raise prices for Canadian consumers and businesses. Speaking at a meeting of finance ministers and central bank governors from the Group of Seven rich nations in the Canadian mountain resort of Whistler, Carney highlighted the dominance of the services sector in the global economy, though he said that responding to tariffs was not his direct responsibility as a central bank governor. (more...)
'IT WASN'T FUNNY': Buffalo Wild Wings Twitter account hacked 'IT WASN'T FUNNY': Buffalo Wild Wings Twitter account hacked
- June 03, 2018

The tweets were posted on Friday on the company's verified account, which has more than 700,000 followers. The now-deleted tweets can be viewed here. "We are in touch with our Twitter representatives and will pursue the appropriate action against the individuals involved", the statement said. Buffalo Wild Wings isn't the first company to get hacked on Twitter, and it certainly won't be the last. (more...)
Trade war 'a few days away', France warns US
- June 03, 2018

An escalating trade dispute between the US and three key allies could hit Bay State businesses dependent on steel and aluminium - as well as those trying to expand their global footprint - as significant worldwide partners for MA threaten higher tariffs. (more...)
Qantas, Air NZ codeshare to cut travel times Qantas, Air NZ codeshare to cut travel times
- June 03, 2018

Similarly Qantas passengers will be carried by Air New Zealand on domestic routes here. The pair noted there is potential for them to "explore [other] areas of mutual interest, including research into biofuels, freight and ground handling opportunities". (more...)
Vernon businesses ready for minimum wage hike: Chamber
- June 03, 2018

Meanwhile, business groups had been calling for a much smaller increase . The study's authors suggested that more research should be done to quantify the effects of raising minimum wages on benefits other than just health care, such as the flexibility of work hours and occupational safety. (more...)
UK 'deeply disappointed' at US steel tariffs: PM Theresa May UK 'deeply disappointed' at US steel tariffs: PM Theresa May
- June 03, 2018

A monumental trade deal may have slipped away because of a controversial USA demand, Canadian Prime Minister Justin Trudeau told reporters Thursday. His strong words followed swift responses to his tariffs by Canada, Mexico and the European Union, which all plan to retaliate with levies on billions of dollars of USA goods from orange juice and whiskey to blue jeans and Harley-Davidsons. (more...)
Trump administration floats plan to save coal plants Trump administration floats plan to save coal plants
- June 02, 2018

The plan would direct regional transmission operators to buy power from coal and nuclear plants for two years to ensure grid reliability, "promote the national defense and maximize domestic energy supplies". Under the Energy Department strategy, outlined in a memo obtained by Bloomberg News, the administration would invoke national defense needs - using authority granted under a pair of federal laws - to establish a strategic electric generation reserve and compel grid operators to buy ... (more...)
Sears Is Closing at Least 63 More Stores, Here’s the Full List Sears Is Closing at Least 63 More Stores, Here’s the Full List
- June 02, 2018

The latest round of closures - which will begin in early September - includes more than a dozen Kmart locations, as well as Sears stores in Atlanta, Indianapolis and Tampa. After this latest round of closures, the company will have about 800 stores, down from about 1,000 at the end of previous year and far below the 2012 peak of 4,000 stores. (more...)
Fiat Chrysler's five-year road map Fiat Chrysler's five-year road map
- June 02, 2018

Fiat Chrysler CEO Sergio Marchionne called reports that the company would kill the Chrysler brand "nonsense" as he rolled out a five-year plan at the automaker's capital markets day event that made little mention of the namesake brand. In his presentation Mike Manley, head of the Jeep brand, confirmed the SUV marque will begin offering vehicle subscription services, use-based insurance, and fleet management services in the USA market. (more...)

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