Canada markets closed
  • Business
    Bloomberg

    Bidding War for Australian Cotton Producer Heats Up as Louis Dreyfus Rebuffs Olam Offer

    (Bloomberg) -- Louis Dreyfus Co. won’t support Olam Agri Holding Ltd.’s offer for Namoi Cotton Ltd., as the bidding war between the two major agricultural commodities traders for the Australian producer heats up.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's Amer

  • News
    The Canadian Press

    Maui sues cell carriers over wildfire warning alerts that were never received during service outages

    HONOLULU (AP) — Had emergency responders known about widespread cellphone outages during the height of last summer's deadly Maui wildfires, they would have used other methods to warn about the disaster, county officials said in a lawsuit. Alerts the county sent to cellphones warning people to immediately evacuate were never received, unbeknownst to the county, the lawsuit said. Maui officials failed to activate sirens that would have warned the entire population of the approaching flames. That h

  • Business
    Reuters

    Asian stocks surge on tech boost; yen extends gains to cap wild week

    Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5% and was set for a second straight week of gains.

  • Business
    Bloomberg

    Point72’s Drossos Says Japan Disrupting One-Way Bets Against Yen

    (Bloomberg) -- By one measure, according to Point72’s Sophia Drossos, Japan’s intervention to prop up the yen has achieved a key objective: Preventing the market from piling into lopsided bets against the currency. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's A