• Stocks decline as investors digest global outlook
    Yahoo Finance2 minutes ago

    Stocks decline as investors digest global outlook

    U.S. equities were mostly lower after concerns of escalating trade tensions and slowing global growth sent equities reeling last week.

  • A Bear Market Is Already Here for Most Major Global Stocks
    Bloomberg16 minutes ago

    A Bear Market Is Already Here for Most Major Global Stocks

    Of companies in the MSCI World Index -- a gauge of developed-market firms -- 52 percent are down by more than 20 percent from their 52-week high, according to Societe Generale global head of quantitative strategy Andrew Lapthorne. If it’s anything like the two most recent experiences -- the 2011 and

  • Exclusive: Ghosn wanted to retrieve cash, artwork from Rio apt - court filing
    Reuters8 minutes ago

    Exclusive: Ghosn wanted to retrieve cash, artwork from Rio apt - court filing

    The previously unreported court papers show the extent of the legal dispute between Ghosn and Nissan over access to the apartment, one of several the former executive had access to around the world. The Rio apartment, which the carmaker says it owns, contains three safes that Nissan has yet to open,

  • Canadian Housing Starts Top Forecasts on Surge in Vancouver
    Bloomberg19 minutes ago

    Canadian Housing Starts Top Forecasts on Surge in Vancouver

    (Bloomberg) -- Canadian housing starts rose faster than economists forecast in November led by gains in Vancouver, adding to evidence the country’s real estate market remains stable.

  • China pressures US, Canada ahead of Huawei hearing
    The Canadian Press20 minutes ago

    China pressures US, Canada ahead of Huawei hearing

    China raised the pressure on the United States and Canada as a bail hearing for a top Chinese technology executive was set to resume Monday in Vancouver, British Columbia. A headline in a Communist Party newspaper called Canada's treatment of Meng Wanzhou, the chief financial officer of Huawei Technologies

  • Commuter chaos in Germany due to rail strike over pay
    The Canadian Press22 minutes ago

    Commuter chaos in Germany due to rail strike over pay

    Rail operator Deutsche Bahn said the four-hour strike that began at 5 a.m. affected more than 1,400 trains nationwide, hitting long-distance traffic and also metro rail systems in Berlin, Munich, Hannover and Frankfurt. The EVG labour union called the so-called "warning strike" to put pressure

  • The Canadian Press22 minutes ago

    Israel says Oman will open its airspace to Israeli carrier

    Israel's prime minister on Monday announced that Oman will open its airspace to Israel's national airline. The move appears to have no immediate practical effect because carrier El Al is still barred from flying over Oman's northern neighbour , Saudi Arabia. Benjamin Netanyahu told a gathering

  • Huawei CFO bail hearing to resume in Canada as Beijing steps up pressure
    Reuters24 minutes ago

    Huawei CFO bail hearing to resume in Canada as Beijing steps up pressure

    Huawei [HWT.UL] Chief Financial Officer Meng Wanzhou, 46, was arrested by Canadian authorities on Dec. 1 at the request of the United States. U.S. officials allege Huawei was trying to use the banks to move money out of Iran. Huawei and its lawyers have said the company operates in strict compliance

  • Reuters25 minutes ago

    TSX dips as energy shares weigh

    (Reuters) - Canada's main stock index fell on Monday after crude oil prices fell 2 percent and pressured shares of energy companies. Oil fell in line with declines in global stock markets, erasing the gains made last week when producer group OPEC and other key exporters agreed to cut their crude

  • The Canadian Press28 minutes ago

    Ontario's deficit to rise to $12.3B this year, fiscal watchdog says

    Financial Accountability Officer Peter Weltman says policy decisions such as cancelling the cap-and-trade program and reversing several tax increases, combined with a weaker economic forecast, contributed to the change. In his fall economic and budget outlook, Weltman says that without further policy

  • U.S. Stocks Head to Eight-Month Low as Pound Falls: Markets Wrap
    Bloomberg30 minutes ago

    U.S. Stocks Head to Eight-Month Low as Pound Falls: Markets Wrap

    The pound weakened as Theresa May was said to delay a crucial Brexit vote. A drop in banks and energy companies sent the S&P 500 Index toward an eight-month low following the gauge’s worst week since March. Uncertainty over the strength of global growth lingered amid weak economic data out of China

  • China to Ban Some iPhone Models in Qualcomm Ruling
    Bloomberg18 minutes ago

    China to Ban Some iPhone Models in Qualcomm Ruling

    Dec.10 -- Dan Ives, managing director at Wedbush Securities, examines China ruling in favor of Qualcomm Inc. to ban the sale of some iPhone models in the country. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open." Ives, his family, and firm, do not own shares of

  • The Canadian Press31 minutes ago

    Stocks slip on China-US tensions, Brexit uncertainty

    The British pound is falling and U.K. stocks are higher following reports that a key vote on Britain's departure from the European Union could be scrapped. KEEPING SCORE: The S&P 500 index was down 21 points, or 0.8 per cent , at 2,612, as of 9:53 a.m. Eastern time. The benchmark index plunged

  • Africa's Biggest Fund Manager to Be Probed on Steinhoff
    Bloomberg35 minutes ago

    Africa's Biggest Fund Manager to Be Probed on Steinhoff

    The probe will seek clarity on why Africa’s largest money manager decided to later sell its collateral on the loan to Citigroup Inc., said the people, who asked not to be identified as the details are private. President Cyril Ramaphosa ordered a commission to investigate a number of investment decisions

  • May’s Delay Reveals a Government in Name Only
    Bloomberg35 minutes ago

    May’s Delay Reveals a Government in Name Only

    On Sunday, the minister in charge of Brexit, Stephen Barclay, told the BBC that the parliamentary vote was on: “It's 100 percent happening,” he said. On Monday morning, Environment Secretary Michael Gove, a Brexiter heavyweight in May's cabinet, echoed that certainty. Holding a vote you will

  • Trade worries still gripping markets
    Yahoo Finance38 minutes ago

    Trade worries still gripping markets

    Yahoo Finance's laid-back morning chat show, live every day at 10:00 AM EST.

  • GoPro to move U.S.-bound camera production out of China
    Reuters39 minutes ago

    GoPro to move U.S.-bound camera production out of China

    GoPro Inc on Monday took the first steps to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs. The company had previously said it was being "very proactive" about the situation regarding tariffs as U.S. and

  • Qualcomm wins preliminary China import ruling against some iPhone models
    Reuters39 minutes ago

    Qualcomm wins preliminary China import ruling against some iPhone models

    The preliminary order affects the iPhone 6S through the iPhone X sold with older versions of Apple's iOS operating system. Qualcomm, the biggest supplier of chips for mobile phones, initially filed its case in China in late 2017. In a statement, Apple said its iPhones remain on sale in the country

  • iPhone Suppliers Fall After Qualcomm Says It Won China Ban
    Bloomberg40 minutes ago

    iPhone Suppliers Fall After Qualcomm Says It Won China Ban

    Among suppliers, Skyworks Solutions Inc. dropped as much as 2.6 percent, though it erased much of that loss, last trading down about 0.5 percent. Qorvo Inc. was off 1.2 percent. Qualcomm Inc. said it won a ruling in China against Apple.

  • Pot May Be Next for Tobacco Farmers Already Turning to Hemp
    Bloomberg43 minutes ago

    Pot May Be Next for Tobacco Farmers Already Turning to Hemp

    Altria Group Inc., the U.S. maker of Marlboro cigarettes, made a $1.8 billion investment in Cronos Group Inc. on Friday amid pressure to find new growth avenues as U.S. smoking rates decline. The partnership, which includes the option for Altria to take majority control in the future, may see the firm

  • The Latest: Dutch: Chances slim EU would OK new Brexit deal
    The Canadian Press48 minutes ago

    The Latest: Dutch: Chances slim EU would OK new Brexit deal

    The Dutch foreign minister says the European Union would study any new Brexit offer that British Prime Minister Theresa May makes but that chances are slim it would be accepted. Minister Stef Block spoke in Brussels before May was due to address the British parliament on Monday afternoon about the divorce

  • Reports: UK prime minister to delay Brexit vote; pound sinks
    The Canadian Press50 minutes ago

    Reports: UK prime minister to delay Brexit vote; pound sinks

    British Prime Minister Theresa May looked set Monday to postpone Parliament's vote on her European Union divorce deal to avoid a shattering defeat, throwing Brexit plans into chaos just weeks after Britain and the bloc finally reached an agreement on the U.K.'s departure. The House of Commons

  • What Carlos Ghosn’s Indictment Means for Renault
    Bloomberg50 minutes ago

    What Carlos Ghosn’s Indictment Means for Renault

    In a sign the investigation is deepening, Ghosn, 64, was also re-arrested on Monday on allegations of understating his income for a new time period, Japanese prosecutors said. The stepping up of the Japanese probe puts Renault’s board in a bind. 1. Why has Renault stuck with Ghosn?

  • Big shareholder at Yelp wants a board reshuffle
    The Canadian Press52 minutes ago

    Big shareholder at Yelp wants a board reshuffle

    Saying it's lost patience with missteps and earnings shortfalls, a large shareholder at Yelp is seeking a board reshuffle at the online review site. In a letter released publicly Monday, SQN Investors said that it wants Yelp Inc. to add some new directors to its board, including shareholder representatives

  • Reuters57 minutes ago

    Nutella maker Ferrero in race to buy Campbell's international business: sources

    Campbell started the process of selling its international and fresh refrigerated-foods units in August following a strategic review, joining the likes of other packaged food makers such as Kraft Heinz Co and Kellogg Co who have also been offloading some brands. Campbell recently settled a months-long