- S&P/TSX15,233.76-0.78%
- S&P 5002,632.90-1.42%
- DOW24,404.48-1.22%
- CAD/USD0.7504+0.1891%
- CRUDE OIL52.77+0.38%
- BTC-CAD5,202.08+3.71%
- GOLD FUTURES1,283.30-0.01%
- RUSSELL 20001,457.45-1.69%
- 10-Yr Bond2.7300-1.94%
- NASDAQ7,020.36-1.91%
- VOLATILITY20.80+16.85%
- FTSE6,901.39-0.99%
- NIKKEI 22520,593.72-0.14%
- CAD/EUR0.6598+0.17%
- The Canadian Press•19 minutes ago
Givenchy flies high as Lagerfeld is absent at Chanel couture
It's snowing in Paris, but not at Chanel, which showcased 18th-century-inspired couture that frothed inside a sunlit Italian villa. For once, Karl Lagerfeld didn't take his usual bow — the house said because the octogenarian designer was fatigued. Could it be the best couture show of the season
Reuters•39 minutes agoChina says will step up fiscal spending this year to support economy
China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world's second-biggest economy pushed growth last year to its lowest since 1990 even as Beijing
Reuters•48 minutes agoAsian shares pause amid concerns over growth and trade
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.15 percent, stalling after climbing to a seven-week high on Monday. Australian stocks lost 0.25 percent and Japan's Nikkei shed 0.1 percent.
- Bloomberg•50 minutes ago
Telecom Italia CEO Revives Potential Open Fiber Deal
Gubitosi plans to hire advisers to study ideas including a network-sharing deal or merger with smaller rival Open Fiber, according to people familiar with the matter, who asked not to be identified as the deliberations are private. Representatives for Telecom Italia and Open Fiber declined to comment
- Bloomberg•56 minutes ago
Stocks Mixed as Rally Stalls; Yen Declines: Markets Wrap
The yen slid as the Bank of Japan cut its inflation outlook. Shares slipped in Japan, rose in Korea and fluctuated in Hong Kong and China. China’s central bank pumped liquidity into the banking system through a new tool.
- Bloomberg•59 minutes ago
Japan's General Oyster Said to Draw Deal Interest From China
Three Chinese firms, including a large internet company, have expressed interest in separate deals with General Oyster, said the people, asking not to be identified because the matter is private. A spokeswoman for General Oyster declined to comment. The Japanese company runs 27 oyster bars throughout
Reuters•1 hour agoU.S. airlines tap army helicopter pilots to ease shortage
Returning to his base at dawn, he donned a fresh uniform before shutting himself into a small room to secure the next stage of his career - as a commercial airline pilot. Perez took advantage of one of the tightest labor markets in the United States, created by years of slow hiring, a wave of pending
- Bloomberg•1 hour ago
The Ghosts of Fascism Haunt Europe Again
Last week in Spain, the center-right Popular Party and the liberal Ciudadanos formed a coalition government in Andalusia thanks to the votes of Vox, an anti-immigrant, anti-feminist organization. The political price was to bring back from the cold the extreme right in Spain for the first time since
- Bloomberg•2 hours ago
Dyson Move Highlights Singapore's Advantages in Risky World
In a risk-laden global economy, Singapore’s advantages are beginning to stand out. Dyson Ltd. wasn’t the first to cite business-friendly factors for its decision, even beyond the city state’s low political risk and favorable taxes. Singapore has one of the most business-friendly tax regimes in the
- Reuters•2 hours ago
Green Growth launches second hostile bid for pot producer Aphria
U.S. cannabis retailer Green Growth Brands Inc said on Tuesday it would make a second all-stock takeover bid for Aphria Inc , valuing the Canadian pot producer at about C$2.35 billion ($1.76 billion). Green Growth said it would offer 1.5714 shares for each Aphria share, representing a premium of about
- Bloomberg•2 hours ago
There Actually Is a Brexit Consensus Among U.K. Voters
A poll showing public opinion favoring one outcome or another -- remaining in the European Union or leaving with no deal, for example -- has become a weekly occurrence, giving almost everyone a data point that fits their preferred narrative. Polling so far, quite reasonably, has asked people whether
- Bloomberg•2 hours ago
Google Gets Caught in Europe’s Privacy Trap
In its ruling, the regulator alleged that Google fails to adequately explain how it collects data to offer personalized advertising. Fully a quarter of all EU businesses market themselves online, and 78 percent of those use “contextual ads” that require data collection.
- Bloomberg•2 hours ago
Thai Royal Decree Confirms Election to Be Held in 2019
The decree was posted on the Royal Gazette website on Wednesday. The Election Commission now has five days to specify the exact date for the vote, amid speculation the poll could be in March after the junta signaled a possible delay to an earlier plan to hold the election on Feb. 24. The military government
- Bloomberg•2 hours ago
Hong Kong's Billion-Dollar Plunges Show Share Pledge Danger
Jiayuan International Group Ltd. sank as much as 89 percent on Thursday on what turned out to be a margin call on stock used as collateral by its chairman. To reduce the risk to shareholders, authorities need to find the right balance between providing more information and protecting executives’ privacy
Reuters•2 hours agoBOJ cuts inflation view, keeps stimulus as risks to economy heighten
As widely expected, the BOJ retained its ultra-easy monetary settings at its policy review, leaving Japan some way off from exiting a sweeping stimulus program begun in 2013. The central bank also maintained its view that Japan's economy, the world's third largest, will continue to expand at
Yahoo Finance•2 hours agoGlassdoor’s 50 best jobs in 2019 include 8 health-care titles
Technology and health care dominate Glassdoor's annual list of best jobs for 2019.
- Bloomberg•2 hours ago
Greece Has a Chance to Get Over Some Bad Blood
The Kingdom of Spain broke a national record on its new 10-year bond sale Tuesday, with about 47 billion euros ($53.4 billion) of orders for a 10 billion-euro issue. The frenzy follows a similarly popular 16-year placement from Italy last week.
- Bloomberg•2 hours ago
Fed’s Jumbled Talk Leaves Balance-Sheet Message in ‘Disarray’
Rather than operating in the background as policy makers intended, the strategy has been thrust into the spotlight as investors and President Donald Trump have attacked it for fueling last month’s stock market sell-off. “The sudden and unwanted attention that market participants attached to balance
- Bloomberg•2 hours ago
Halliburton Feels U.S. Fracking Slowdown More Than Schlumberger
Halliburton on Tuesday saw its shares drop as much as 6.7 percent after forecasting a decline in first-quarter fracking earnings and announcing a cut in capital expenditure. The dip comes days after arch-rival Schlumberger surged the most in seven years after also announcing a similar spending cut.
- Bloomberg•2 hours ago
U.K. Parliament Moves Closer to Stopping a No-Deal Brexit
The main opposition Labour Party is now increasingly likely to support a proposal to extend the March 29 exit day deadline, if Prime Minister Theresa May fails to negotiate a divorce agreement, said John McDonnell, the party’s chief finance spokesman. McDonnell described the proposal as a “sensible”
- Bloomberg•2 hours ago
Fed to Probe Deutsche Bank Over Suspicious Danske Cash
The Fed’s probe is in an early stage as it scrutinizes whether Deutsche Bank’s U.S. operations adequately monitored funds from an Estonian branch of Danske Bank A/S, according to two people briefed on the situation, who asked not to be named because the inquiry isn’t public. Danske, which used correspondent
- Bloomberg•2 hours ago
India’s Lehman Genie Is Out of the Bottle Again
It all began on Tuesday with S&P Global’s Indian affiliate, Crisil, downgrading Jharkhand Road Projects Implementation Co.’s annuity-backed bonds to D after it skipped interest and principal payments. It’s a strategic default on an instrument rated AA just last week. What makes Jharkhand’s default
- CNBC•2 hours ago
UPDATE 1-Japan's 2018 crude imports fall to 39-year low as population shrinks
*Japan's 2018 crude oil imports fall 5.8 pct to lowest since at least 1979. TOKYO, Jan 23- Japan's 2018 oil imports fell to the lowest since at least 1979 while its liquefied natural gas purchases and coal imports also dropped, reflecting the country's declining population and slow economic
- Bloomberg•2 hours ago
Philippine Central Bank Chief Takes Indefinite Medical Leave
Deputy Governor Chuchi Fonacier was named officer-in-charge to take over his duties while he is away, the corporate affairs office of Bangko Sentral ng Pilipinas said on Tuesday. Policy makers are scheduled to make their first interest rate decision of the year on Feb. 7.
- Bloomberg•2 hours ago
Egypt Sees More Pound Volatility After Repatriation Fund Ends
Amer’s remarks could help reassure foreign investors scrutinizing Egypt’s economic policy as the country wraps up a three-year, $12 billion economic overhaul agreement with the International Monetary Fund this year. Before securing the IMF loan in November 2016, authorities liberalized the exchange
