ST. JOHN’S, N.L. – Canada’s offshore oil and gas regulator has laid three charges against a Cenovus Energy Inc. subsidiary stemming from a huge oil spill off the coast of Newfoundland in 2018. The Canada-Newfoundland and Labrador Offshore Petroleum Board says the charges against Husky Oil Operations Inc. include allegations that the company, […]
Tag Archives: business
NEW YORK – Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly US$2.5 trillion, rivaling the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply […]
TORONTO – Spin Master Corp. is investing $100 million to create Spin Master Ventures to help fund early-stage companies. The company behind the Paw Patrol franchise says the fund will make strategic minority investments in toys, entertainment and digital games. It says the investments will include both cash for early-stage companies as […]
HUNTSVILLE, Ont. – Let’s agree on one thing: there is nothing romantic about money. You can love money all you want, but it will never love you back. However, having a clear and honest discussion about your financial situation and money mindset before you walk down the aisle just seems to make sense, but […]
BEIJING – Asian stock markets followed Wall Street higher as investors waited for U.S. corporate results Tuesday to see how companies are coping with supply disruptions and the past quarter’s surge in coronavirus infections. Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street’s benchmark S&P 500 index rose 0.3%, propelled by tech […]
NEW YORK – The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn’t break. That’s one of the takeaways from a report by the Securities and Exchange Commission’s staff released Monday about […]
MONTREAL — Hudson’s Bay Co. ULC is suing a Quebec retail family over the use of the Zellers brand. In a statement of claim filed in Federal Court, the company accuses the Moniz family of trademark infringement, depreciation of goodwill and so-called passing off — the deceptive marketing or misrepresentation of goods. The Moniz family […]
TAIPEI, Taiwan – The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands announced plans Monday to produce electric cars for auto brands under a similar contract model. Foxconn Technology Group will produce cars and buses for brands in China, North America, Europe and other markets, said its chairman, Young […]
BEIJING – China’s economic growth is sinking under pressure from a construction slowdown and power shortages, prompting warnings about a possible shock to its trading partners and global financial markets. The world’s second-largest economy grew by a weaker-than-expected 4.9% over a year ago in the three months ending in September, down from the […]
Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September. The Shanghai Composite index lost 0.4% to 3,559.96 while the Hang Seng in Hong Kong declined 0.4% to 25,246.38. Chinese growth is under pressure from government controls meant to curb energy […]