Money


Kia Recalls Over 500K Vehicles Over Air Bags Kia Recalls Over 500K Vehicles Over Air Bags
- June 10, 2018

Another major automaker is recalling vehicles due to air bag issues. The 2013 Forte crash took place in Canada. If you're the owner of a 2010-2013 Kia Forte, 2011-2013 Kia Optima, 2011-2012 Optima Hybrid and Sedona minivan, you need to pay attention to this. (more...)
Global FDI flows fall sharply in 2017: UNCTAD Global FDI flows fall sharply in 2017: UNCTAD
- June 10, 2018

Foreign direct investments (FDI) into Morocco reached $2.7 billion in 2017, up 23% compared with past year, according to the United Nations Conference on Trade and Development (UNCTAD). FT said in a report that there were only 58 foreign projects in 2017 compared to a high of 140 in 2011 and that investments from Western Europe and the United States fell by $144 million and $457 million, respectively. (more...)
Another Million Dollar Lotto Ticket Sold in Mississauga Another Million Dollar Lotto Ticket Sold in Mississauga
- June 10, 2018

In case you're unfamiliar with the process, Lotto Max draws happen every Friday, and tickets cost $5 each. A ticket sold in Victoria bearing the numbers 09, 15, 16, 18, 22, 33 and 38 will split $1 million ($500,000 each) with an identical ticket sold in Vancouver. (more...)
Northeast BC unemployment jumps to 7.9% in May
- June 10, 2018

The average wage per hour - main rate, which is closely following the Bank of Canada increased by 3.9% compared to the same period previous year, the largest annual increase in this indicator since April 2009. The jobless rate continued to stay at 5.8 percent, as slightly fewer Canadians looked for work. On a sector basis, goods-producing industries led the way down, with an 18,300 decline in manufacturing jobs and a 13,000 drop in construction. (more...)
UK watchdog to push ahead with new UK watchdog to push ahead with new "Aramco" listing category
- June 10, 2018

London is vying with NY for the state-owned oil firm's listing, expected to be the world's biggest. The rule changes, effective July 1, were widely seen as having an eye to the upcoming IPO for Saudi Aramco , which could be the world's largest. (more...)
Come late, leave early, offend host, alienate allies Come late, leave early, offend host, alienate allies
- June 10, 2018

When asked about President Trump's earlier comments on trade, in which he warned his allies off imposing retaliatory measures for the tariffs , Mr Trudeau told reporters: "The president will continue to say what he says at various occasions". (more...)
Lucky victor claims $315M Powerball jackpot prize Lucky victor claims $315M Powerball jackpot prize
- June 10, 2018

Souami has chose to take the cash payout, which is $183.2 million dollars before taxes. "I like the numbers and I always play with those numbers", he said. He's retired from the job and plans to spend the money to pay off his house and put his two children through college. The jackpot - which has a cash value of $183 million - is the third largest New Jersey Powerball single-player win, according to officials. (more...)
Chevron names Brazil chief to lead Venezuela operations after arrests Chevron names Brazil chief to lead Venezuela operations after arrests
- June 10, 2018

ConocoPhillips' legal actions to seize PDVSA's assets in four Caribbean islands, according to Reuters data. In the U.S., Trump has tweeted his unhappiness with higher oil prices, and there have been indications that he's gotten some concessions from OPEC to increase production and keep gas prices at a manageable level through the midterm elections. (more...)
BT boss Gavin Patterson to step down BT boss Gavin Patterson to step down
- June 10, 2018

The company's board has begun a search for his successor . Patterson has served BT for 14 years, 10 years as a board member and five as CEO. The move comes nearly a month after BT revealed plans to reduce its workforce by about 13,000 jobs over the next three years, with mainly back office and middle management roles set to be cut, with the telecommunications giant hoping to "drive sustainable long term growth in value for shareholders". (more...)
KFC Developing ‘Fake Meat’ Fried Chicken For Vegetarians KFC Developing ‘Fake Meat’ Fried Chicken For Vegetarians
- June 10, 2018

The chain announces a plan to test the new recipe to its customers within this year. KFC is making its first foray into the vegetarian lifestyle with a faux chicken product. "It's a tricky challenge, because our fans absolutely love our Original Recipe chicken, and we won't be changing the Colonel's secret recipe of 11 herbs and spices", Robertson said. (more...)
Trump Says He Called for Free Trade at G-7 Trump Says He Called for Free Trade at G-7
- June 10, 2018

Trump said. The president said the USA was "pretty close" to reaching an agreement on the North American Free Trade Agreement with Canada and Mexico and had discussed two types of sunset provisions in which any of the countries could leave the deal. (more...)
Coinbase Set to Clear US Regulatory Hurdles
- June 10, 2018

The lack of regulation in the cryptocurrency market has traditionally been a huge hindrance to investors large and small. A clear indication of the cryptocurrency market coming into maturity, the developing regulatory framework will drastically change the landscape of digital asset crowdfunding, exchange, and investment. (more...)
Trump threatens US allies on trade as he exits G7 summit
- June 10, 2018

But he said so many "are unbelievable dishonest". "We win that war a thousand times out of a thousand", Trump said . G7 summit 2018: Protestors take to the streets in Canada Fri, June 8, 2018 G7 summit 2018: Protestors take to the streets in Canada - in pictures. (more...)
IMF agrees to loan up to $50bn for Argentina IMF agrees to loan up to $50bn for Argentina
- June 10, 2018

The IMF has given provisional clearance to a loan to Argentina worth $50 billion over a three-year period. The Argentine Peso has come off a record low value of 25.01 to the US Dollar to stand now at 24.89 as the news of the support measures was released. (more...)
$1M winning Lotto Max ticket sold in Windsor
- June 09, 2018

The winning ticket was purchased at Speedy Lotto on Highway 69 in Hanmer. In Quebec, someone won Lotto Max's Prize of $60 million. This was one of 37 winning Max Millions tickets sold across the country. Lottery players can check their numbers on the Winning Numbers page on OLG.ca or on the OLG Lottery App. After going unclaimed last Friday, Lotto Max carried forward their massive jackpot. (more...)
UPS union members take steps to strike UPS union members take steps to strike
- June 09, 2018

ET on Sunday . It's hard to imagine Amazon not being impacted by a UPS labor strike, but it has diversified its logistics and even uses gig workers through the Amazon Flex program - the antithesis of the union worker. A faction within the union argued that the company should continue to pay new workers at the higher rate. The Journal pointed out that unions often hold strike authorization votes to pressure companies during negotiations. (more...)
Verizon CEO to Retire, Succeeded by a Newcomer Verizon CEO to Retire, Succeeded by a Newcomer
- June 09, 2018

John Stratton will step down from his current role immediately, and will support a transition as an advisor to Lowell McAdam . Lowell has been a visionary leader, steering Verizon into new growth markets in wireless, the Internet of Things and digital media. (more...)
U.S. Says It Reclaimed Supercomputer Crown From China U.S. Says It Reclaimed Supercomputer Crown From China
- June 09, 2018

Supercomputers are to ordinary servers as race cars are to street vehicles. Despite its long history of cutting edge computing, the United States has in recent years been repeatedly surpassed by China: China now boasts the two fastest supercomputers in the world ( Sunway TaihuLight and Tianhe-2). (more...)
Chinese phone maker ZTE saved from brink after deal with U.S. Chinese phone maker ZTE saved from brink after deal with U.S.
- June 09, 2018

U.S. President Donald Trump met with his trade advisers on Tuesday to discuss China's offer to import an extra $70 billion of American goods over a year in hopes of defusing a potential trade war between the world's two largest economies. (more...)
Warren Buffett, Jamie Dimon: Quarterly profit forecasts hurt economy Warren Buffett, Jamie Dimon: Quarterly profit forecasts hurt economy
- June 09, 2018

Dimon , who leads the Business Roundtable , an association of chief executive officers of leading U.S. companies said the move is supported by the group, added the report. Short-term-oriented capital markets have discouraged companies with a longer-term view from going public at all, depriving the economy of innovation and opportunity, the two said. (more...)

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