- The Motley Fool•8 minutes ago
Does the Latest News Mean that Canada’s Oil Crisis Is Over?
The outlook for oil sands operators such as Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE) continues to improve.
Reuters•8 minutes agoIMF fears trade war and weak Europe could trigger sharp global slowdown
In its second downgrade in three months, the global lender also cited a bigger-than-expected slowdown in China's economy and a possible "No Deal" Brexit as risks to its outlook, saying these could worsen market turbulence in financial markets. The IMF predicted the global economy to grow
- Bloomberg•17 minutes ago
Brazil Is Back in the Game, New Leader Will Tell Davos Investors
Investors will listen for sure. Prospects that the world’s ninth-largest economy may become more business-friendly sounds like music to the ears of oil executives and portfolio investors alike, after more than a decade of interventionist policies from previous governments. Years of corruption scandals
- CNBC•22 minutes ago
CEO Mike Manley's bumpy first six months at the helm of Fiat Chrysler following Marchionne's death
As head of Fiat Chrysler's Jeep and Ram brands, the 54-year-old Brit was considered the front-runner to replace CEO Sergio Marchionne. Then came the news last July that Marchionne had passed away following what had been billed as routine surgery.
Reuters•22 minutes agoFrance, Germany step up pressure over Alstom-Siemens deal
French Finance Minister Bruno Le Maire said the French and German governments were fully behind the merger, as were Alstom Chief Executive Henri Poupart-Lafarge and his Siemens counterpart Joe Kaeser. "Refusing the merger between Alstom and Siemens would be an economic error and a political mistake
- The Motley Fool•26 minutes ago
This Stock Could Make You a Millionaire Retiree
After a phenomenal 20 year run, Canadian National Railway (TSX:CNR)(NYSE:CNI) is still an incredible buy
- Bloomberg•34 minutes ago
Ireland Nominates Lane to Succeed Outgoing ECB Chief Economist
The Irish finance ministry, at a meeting of euro-zone finance ministers in Brussels on Monday, proposed that Lane join the ECB’s six-member Executive Board when Peter Praet’s eight-year term ends in May. Should he win the post, he would likely also take on Praet’s role as chief economist, a powerful
- The Canadian Press•39 minutes ago
Germany bans Iran's Mahan Air amid security concerns
BERLIN — Germany has banned Iran's Mahan Air from landing in the country with immediate effect, citing security concerns and the airline's involvement in Syria, officials said Monday.Mahan Air is on a U.S. sanctions list and Washington has long urged allies to ban the airline from their territory.The
- Bloomberg•39 minutes ago
Oil Steadies Near Two-Month High as U.S. Drilling Slows Down
The number of rigs drilling for oil in the U.S. fell to the lowest since May, according to Baker Hughes data. China and America, the world’s biggest oil consumers, have made little progress in talks on intellectual property, a major sticking point as they pursue a deal to end a tariff battle, according
- The Canadian Press•41 minutes ago
The Latest: Poland suggests time limit on Irish backstop
LONDON — The Latest on Britain's exit from the European Union (all times local):2 p.m.Poland's foreign minister has suggested the Brexit impasse could be broken by setting a five-year time limit on an Irish border guarantee in the agreement.Jacek Czaputowicz said in comments published Monday
- CNBC•44 minutes ago
A hidden AirPods feature will helps you hear better
The AirPods have a feature that can help you hear better, or that you can even use as a simple spy gag.
- Bloomberg•44 minutes ago
IMF Sees Weakest World Growth in Three Years as Europe Slows
In its second downgrade in three months, the lender blamed softening demand across Europe and recent palpitations in financial markets. “The world economy is growing more slowly than expected, and risks are rising,” Managing Director Christine Lagarde told reporters in Davos, Switzerland. The fund
- The Canadian Press•46 minutes ago
World economy forecast to slow in 2019 amid trade tensions: IMF report
DAVOS, Switzerland — The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates.The IMF said Monday that it expects global growth this year of 3.5 per cent, down from 3.7 per cent in 2018 and from the 3.7 per
- Bloomberg•49 minutes ago
IMF Warns of No-Deal Brexit Risks as U.K.'s Time Runs Short
The Washington-based lender held its 2019 growth forecast at 1.5 percent, saying the fiscal stimulus announced in the Oct. 29 budget would likely help offset the damping effect which Brexit fears are having on the world’s fifth-biggest economy. “As of mid-January, the shape that Brexit will take remains
- Bloomberg•51 minutes ago
Nigeria's $15 Billion Oil Refinery Is on Track, Dangote Says
“There are quite a lot of challenges, but we’re moving,” Dangote told reporters at a conference in Paris about the plant, which is being built near Lagos, Nigeria’s commercial capital, and designed to process 650,000 barrels of crude daily. The company has been in talks with oil traders including Royal
Reuters•56 minutes agoLockheed sees potential exports of 200 F-16 jets from proposed Indian plant
The U.S. defense firm is competing with Boeing's F/A-18, Saab's Gripen, Dassault Aviation's Rafale, the Eurofighter Typhoon and a Russian aircraft to supply the Indian air force with 114 combat planes in a deal estimated to be worth more than $15 billion. Lockheed Martin has offered to
- The Motley Fool•1 hour ago
How to Get to $750K in Your RRSP or TFSA
Dividend stocks like Fortis Inc (TSX:FTS)(NYSE:FTS) can help you get to the coveted $750,000 retirement target.
- The Canadian Press•1 hour ago
Few signs of breakthrough as May set to unveil Brexit Plan B
Prime Minister Theresa May was set to unveil her new plan to break Britain's Brexit deadlock on Monday — one expected to look a lot like the old plan that was decisively rejected by Parliament last week. There were few signs she planned to make radical changes to her deal, though she may seek alterations
- Bloomberg•1 hour ago
German Gilets Jaunes Have a Case, Too
Well, it’s clearly not as internationally ubiquitous as the red flag of class struggle was some 100 years ago, but most of the 700 people who demonstrated in Stuttgart on Saturday were wearing yellow security vests. Annegret Kramp-Karrenbauer, German Chancellor Angela Merkel’s chosen successor, has
- Bloomberg•1 hour ago
A Pentagon Campaign to Keep the Public in the Dark
This month, he ordered acting Defense Secretary Patrick Shanahan to withhold battlefield reports from inspectors general in order to keep the information from becoming public. “The public means the enemy,” Trump explained. This order doubles down on a worrying trend at the Defense Department since
- Bloomberg•1 hour ago
Europe Stocks, S&P Futures Dip on Mixed Trade News: Markets Wrap
The dollar was steady, while bonds in Europe were mixed. The Stoxx Europe 600 Index was on course for its first drop in five days, tracking S&P 500 futures lower on what is a holiday in America. Bloomberg reported that the two sides are making little progress on the key issue of intellectual property
- Bloomberg•2 hours ago
Just Eat CEO Exits With Threat From Uber, Deliveroo Growing
Peter Plumb is stepping down with immediate effect, with Peter Duffy, chief customer officer, appointed as interim CEO. In December, shareholder Cat Rock Capital Management LP recommended Just Eat’s board consider selling its minority stake in Brazilian startup iFood, arguing it could generate up to
- Yahoo Finance Canada•2 hours ago
Cannabis company HEXO wants to become the 'Intel Inside' of pot
Since the early 1990s, Intel Corp. (INTC) has used the slogan “Intel Inside” to tell people to buy electronics powered by their semiconductors. The ads built strong brand recognition for a company whose product is hidden from view inside computers. The chip-maker’s marketing success clearly resonated
- Bloomberg•2 hours ago
The Drugs Aren't Working Yet for GlaxoSmithKline
Philip Hampton has overseen plenty of change in that brief time. For CEO and Hampton appointee Emma Walmsley, a change at the top should bring fresh pressure to deliver. Hampton came aboard at a time of mounting investor discontent with the old regime of chairman Chris Gent and CEO Andrew Witty.
