Oil rises on signs of tighter market: Oil prices edged up on Wednesday, rising for a third day, on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain. U.S. West Texas Intermediate (WTI) crude futures were trading at $51.06 per barrel at […]
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New U.S. rule on payday loans to hurt industry New U.S. rule on payday loans to hurt industry, boost banks: Revenues for the $6 billion payday loan industry will shrivel under a new U.S. rule restricting lenders’ ability to profit from high-interest, short-term loans, and much of the business could […]
Equifax failed to patch security vulnerability in March Equifax failed to patch security vulnerability in March: Equifax Inc (EFX.N) was alerted in March to the software security vulnerability that led to hackers obtaining personal information of more than 140 million Americans but took months to patch it, its former CEO […]
Britain May fires warning to Boeing over Bombardier trade dispute Britain May fires warning to Boeing over Bombardier trade dispute: Prime Minister Theresa May told U.S. planemaker Boeing (BA.N) on Thursday that its behaviour in a trade dispute with Canada’s Bombardier (BBDb.TO) was undermining its commercial relationship with Britain. May […]
Dollar rally falters global stocks rise with taxes in focus Dollar rally falters, global stocks rise with taxes in focus: The U.S. dollar weakened on Thursday after a recent rally while stocks globally rose modestly as investors digested U.S. economic data and prospects for a U.S. tax reform plan proposed […]
Bombardier overshadows NAFTA talks as Quebec Bombardier overshadows NAFTA talks as Quebec, Britain threaten retaliation: Stiff U.S. duties imposed on Bombardier Inc’s (BBDb.TO) CSeries jet sparked retaliation threats from Britain and Canada’s Quebec province on Wednesday as the dispute, which may affect thousands of jobs, overshadowed North American trade talks. […]
U.S. slaps steep duties on Bombardier jets after Boeing complaint The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on Bombardier Inc’s CSeries jets after rival Boeing Co accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade relations between the neighbors. The department said it […]
Target raises minimum hourly wage to $11 pledges $15 by end of 2020 Target raises minimum hourly wage to $11 pledges $15 by end of 2020: Target Corp (TGT.N) said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by […]
Wells Fargo hires new law firm to prepare CEO for Senate appearance Wells Fargo hires new law firm to prepare CEO for Senate appearance: Wells Fargo & Co. (WFC.N) has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the […]
Shares in HTC rise 9.96 percent on Google’s Pixel buyout Shares in HTC rise 9.96 percent on Google’s Pixel buyout: Shares in Taiwanese technology company HTC Corp (2498.TW) rose 9.96 pct in early trading on Friday. HTC Corp announced on Thursday that Alphabet Inc’s Google (GOOGL.O) would pay $1.1 billion for […]
