• The Latest: Putin opposes easing punishments for drug crimes
    The Canadian Press12 minutes ago

    The Latest: Putin opposes easing punishments for drug crimes

    President Vladimir Putin says he's against easing punishments for drug-related crimes but considers it necessary to tighten controls in order to prevent police abuses. Speaking during a live marathon call-in show, Putin said it's necessary to strengthen the oversight of police anti-drug actions

  • Johnson Tops Tory Leader Vote as Javid Eliminated: Brexit Update
    Bloomberg14 minutes ago

    Johnson Tops Tory Leader Vote as Javid Eliminated: Brexit Update

    (Bloomberg) -- Follow @Brexit, sign up to our Brexit Bulletin, and tell us your Brexit story. Boris Johnson, Michael Gove and Jeremy Hunt will go into a final ballot of Conservative members of Parliament this afternoon to choose the final shortlist of two candidates to succeed Theresa May as prime minister

  • The Canadian Press19 minutes ago

    The Latest: UK Tories narrow prime minister race to 3

    LONDON — The Latest on choosing Britain's next prime minister (all times local):1:10 p.m.The contest to become Britain's next prime minister is down to its final three candidates, with Environment Secretary Michael Gove and Foreign Secretary Jeremy Hunt chasing front-runner Boris Johnson for

  • Bloomberg21 minutes ago

    Erdogan, Invoking Trump, Says Turkish Rates Must Fall

    (Bloomberg) -- Turkish President Recep Tayyip Erdogan slammed the central bank’s high borrowing costs and said they must come down. The lira fell.While the Federal Reserve is moving closer to lowering interest rates, “the policy rate in my country is 24%, this is unacceptable,” Erdogan said in Istanbul

  • Gold Achieves Liftoff as Prices Rocket Toward $1,400 an Ounce
    Bloomberg27 minutes ago

    Gold Achieves Liftoff as Prices Rocket Toward $1,400 an Ounce

    (Bloomberg) -- Until this month, gold held claim to the title of being one of the most boring asset classes. Prices barely budged and popularity was fading.Now that’s all changed. Over the past few weeks, a clear bull case has started to emerge. A key resistance level has broken. Investors are pouring

  • U.S. Says Iran Downed Drone Flying Over International Airspace
    Bloomberg30 minutes ago

    U.S. Says Iran Downed Drone Flying Over International Airspace

    (Bloomberg) -- The U.S. said Iran shot down an American drone flying in international airspace over the entrance to the Persian Gulf as tensions escalate in a region that’s been on the brink of a military confrontation for weeks. Oil prices surged.“This was an unprovoked attack on a U.S. surveillance

  • World shares rise on hopes for US-China truce, Fed outlook
    The Canadian Press32 minutes ago

    World shares rise on hopes for US-China truce, Fed outlook

    BANGKOK — Global markets advanced Thursday on hopes for a trade truce between the United States and China and the Federal Reserve's hint at lower rates. The price of oil surged amid heightened tensions between Iran and the U.S.Confirmation of a meeting between President Donald Trump and his counterpart

  • TFSA Alert: A Top Dividend Stock to Buy Now and Own for Decades
    The Motley Fool32 minutes ago

    TFSA Alert: A Top Dividend Stock to Buy Now and Own for Decades

    Fortis Inc. (TSX:FTS)(NYSE:FTS) is a great example of a quality buy-and-forget stock for self-directed TFSA investors. Here's why.

  • Turkey launches new gas drillship amid tensions with Cyprus
    The Canadian Press42 minutes ago

    Turkey launches new gas drillship amid tensions with Cyprus

    ISTANBUL — Turkey is launching a second drillship that it says will drill for gas off neighbouring Cyprus despite European Union warnings to refrain from such illegal actions that could incur sanctions against Ankara.

  • UK central bank holds rates amid Brexit, trade uncertainty
    The Canadian Press47 minutes ago

    UK central bank holds rates amid Brexit, trade uncertainty

    LONDON — The Bank of England has kept its main interest rate on hold at 0.75% and warned that a combination of Brexit worries and global trade tensions was weighing on growth.All nine members of the Monetary Policy Committee backed the decision to not change rates. There had been some expectations in

  • Bloomberg50 minutes ago

    Naspers Invests in Africa Uber-Like Cleaning Service Startup

    (Bloomberg) -- Naspers Ltd. backed on-demand housekeeping service SweepSouth, part of a commitment to invest almost $100 million in tech startups in its home market of South Africa.The 30 million-rand ($2.1 million) stake makes Naspers the largest investor in the company through its Foundry fund. A valuation

  • Texas says Rapid DNA supplier jeopardizes cases
    The Canadian Press59 minutes ago

    Texas says Rapid DNA supplier jeopardizes cases

    With a name that sounds like futuristic fiction, Rapid DNA machines roughly the size of an office printer have helped solve rape cases in Kentucky, identified California wildfire victims and verified family connections of migrants at the U.S.-Mexico border. Now a state board in Texas has asked a growing

  • Stocks to Test Record as Bonds Rise, Dollar Slumps: Markets Wrap
    Bloomberg1 hour ago

    Stocks to Test Record as Bonds Rise, Dollar Slumps: Markets Wrap

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.U.S. stocks looked set to test their all-time high on Thursday, while Treasuries extended gains and the dollar slumped as the Federal Reserve’s dovish shift reverberated through markets. Gold rose

  • Slack to take unusual route to public markets, likely valuing it around $16 billion
    Reuters1 hour ago

    Slack to take unusual route to public markets, likely valuing it around $16 billion

    Slack Technologies, the fast-growing workplace messaging and communication platform, is poised for an unusual public listing on Thursday that will see it trade on the New York Stock Exchange and could value it at around $16 billion, according to a person familiar with the matter. The so-called direct

  • The Case for a Financial Transaction Tax
    Bloomberg2 hours ago

    The Case for a Financial Transaction Tax

    (Bloomberg Opinion) -- It’s a good conservative principle that where possible, the government should recover the cost of its services from the people who use them, rather than from taxpayers at large. It’s also pretty uncontroversial that the government must oversee financial markets, to ensure that

  • Bloomberg2 hours ago

    U.S. Tariff Pain Varies From Turret to Trenches

    (Bloomberg) -- Terms of Trade is a coming daily newsletter that untangles a world embroiled in trade wars. Sign up here. From Bible publishers to fishing rod suppliers, they’re streaming to Washington from across the U.S. and pleading for mercy from President Donald Trump’s most radical trade threat

  • BOE Sees Rising No-Deal Brexit Worry in Tension With Markets
    Bloomberg7 minutes ago

    BOE Sees Rising No-Deal Brexit Worry in Tension With Markets

    (Bloomberg) -- The Bank of England acknowledged rising concerns over a no deal Brexit as it kept interest rates on hold and cut its near-term economic growth forecast to zero.While officials, led by Governor Mark Carney, said they still see the need for interest-rate hikes in coming years if their forecasts

  • What Can Exxon Mobil (NYSE:XOM) Teach Us About Canadian Energy Stocks?
    The Motley Fool2 hours ago

    What Can Exxon Mobil (NYSE:XOM) Teach Us About Canadian Energy Stocks?

    Exxon Mobil Corporation (NYSE:XOM) stock has crushed Canadian peers like Suncor Energy Inc. (TSX:SU)(NYSE:SU) and Husky Energy Inc. (TSX:HSE). What can energy investors learn?

  • Lone Hawk Norges Bank Stuns Markets With Signal on Rates
    Bloomberg2 hours ago

    Lone Hawk Norges Bank Stuns Markets With Signal on Rates

    (Bloomberg) -- Terms of Trade is a coming daily newsletter that untangles a world embroiled in trade wars. Sign up here. Norges Bank is busy building a reputation as one of the world’s most hawkish central banks as it delivers its third interest-rate hike since September and signals there’s more to come.Governor

  • Slack Hustles to Avoid Day One Pop as Next Unicorn to List
    Bloomberg2 hours ago

    Slack Hustles to Avoid Day One Pop as Next Unicorn to List

    (Bloomberg) -- As 2019’s bumper crop of initial public offerings either languishes or wildly exceeds expectations, Slack Technologies Inc. is taking a route to the trading floor that it hopes will yield a much more boring outcome.Following in the footsteps of music-streaming service Spotify Technology

  • The Canadian Press2 hours ago

    Asian nations scramble to contain pig disease outbreaks

    Asian nations are scrambling to contain the spread of highly contagious African swine fever, with Vietnam culling 2.5 million pigs and China reporting more than a million dead in an unprecedentedly huge epidemic some fear is out of control. Smaller outbreaks have been reported in Hong Kong, Taiwan,

  • UK Treasury chief issues stiff no-deal Brexit warning
    The Canadian Press2 hours ago

    UK Treasury chief issues stiff no-deal Brexit warning

    Britain's Treasury chief is urging Conservative Party leadership contenders to be honest with the public and spell out what they would do if their plans for leaving the European Union falter. Philip Hammond is expected to use his Mansion House showcase speech in the City of London on Thursday to

  • Treasury 10-Year Yield Slides Below 2% to Lead Global Decline
    Bloomberg2 hours ago

    Treasury 10-Year Yield Slides Below 2% to Lead Global Decline

    (Bloomberg) -- Treasuries led a global bond rally, with 10-year yields dropping below 2% for the first time since November 2016 as expectations grow that major central banks will ease policy.The U.S. 10-year yield slid as much as five basis points to 1.9719% after the Federal Reserve signaled it was

  • Martha Stewart distances herself from 'cannabis' ahead of CBD product launch
    Yahoo Finance Canada2 hours ago

    Martha Stewart distances herself from 'cannabis' ahead of CBD product launch

    Martha Stewart commands a massive audience when she cooks, decorates and gardens. But the 77-year-old food and lifestyle guru has been tight-lipped about her personal use of cannabis.