Money

BMW Fact-Checks Trump On ‘Major New Plant,’ Which Hasn’t Been Finalized

On Monday, the company said it would shutter five North American plants, stop building six low-selling passenger cars in North America and cut up to 15,000 jobs...


Trump claims win as US, Mexico, Canada sign new trade deal

Trump himself acknowledged that it hadn't been easy, but said "battles sometimes make great friendships". While Trump hailed the revised trade pact, Trudeau w...


GDP Growth Slows To 7.1% Against 8.2% In Previous Quarter

In the corresponding quarter a year ago, gross domestic product (GDP) had grown 6.3 per cent. The rise in GVA figures is a healthy indication for the economy ...


Canada sanctions 17 Saudis over Khashoggi

Emmanuel Macron: PR man for Mohammed bin Salman? Canada says it is also now reviewing its arms sales to Saudi Arabia. Foreign Relations Committee Chairman ...


Fed emphasises flexible policy path after likely December hike

United States markets were sent soaring Wednesday after Fed chief Jerome Powell said borrowing costs were still historically low but only "just below" the neu...


Fed Emphasizes Flexible Rate Path After Likely December Hike

Claiming that benchmark lending rates were "just below" a range of estimates for "neutral", that is, neither stimulating nor slowing growth, Powell sent a sig...


USMCA: Trump Signs New Trade Agreement With Mexico And Canada

There was a question as to if Trudeau would show up to the signing ceremony. While Trump did not mention General Motors' announcement on Tuesday that it...


Average rental price and vacancy rates for Canadian cities released

The rental vacancy rate in Kelowna has increased by almost two per cent over the previous year. The vast majority are rental apartments. "The average apartmen...


Canada signs onto new NAFTA on sidelines of high-stakes G20 summit

The signing by the three leaders was a formality - it was the three of them issuing a directive to their trade representatives to finish the final pact. Canada ...


US Fed chairman hints at higher rates following Trump attack

Jay Powell, chairman of the Federal Reserve, appeared to signal a nearer end to the United States central bank's interest-rate hikes yesterday, saying rates are...


Argentinians Rally against G20 Summit in Buenos Aires

The worldwide advocacy group Human Rights Watch announced in a statement on Wednesday that an Argentine federal prosecutor had agreed to take up a case agains...


Oil drops below $50 for first time in a year

Attention later in the session will focus on the new round of USA inventory data to see if it reinforces expectations of an emerging supply glut. Oil's was on...


Trump pushes for more auto tariffs

GM shares closed down 2.6 percent at $36.69 in NY trading on Tuesday. "They underscored their concerns for the workers, for the communities and for the famili...


Putin, Xi Set to Test 'America First' Trump at G-20

Mr Lee talked about Singapore's interest to strengthen ties between both countries' Parliaments and deepen links with Argentina's provinces, particularly Bue...


Facebook has a 'black people problem,' ex-employee says

In it, Luckie outlines how Facebook is "failing its black employees and its black users". He says he assumes the company's intentions are good and gives credi...


Microsoft briefly toppled Apple as the most valuable company in the world

Currently, Apple has a market cap of almost $829 billion, meaning it has shed about $270 billion in value after cresting at a record $1. 1 trillion valuation...


Audi e-tron GT revealed as four-door 440kW Tesla fighter

The e-tron GT is the latest result of the Premium Platform Electric (PPE) platform co-development by Audi and Porsche that will be the foundation for "multi...


German police raid Deutsche Bank in 'Panama Papers' graft probe

German prosecutors raided several Deutsche Bank offices in the Frankfurt area over suspicions of money laundering based on revelations from the 2016 "P...


Bitcoin [BTC] Futures to be launched by Nasdaq in Q1 of 2019

This was after the Chicago Board Options Exchange ( CBOE ) had launched trading with bitcoin futures in December 2017, something Bloomberg previously r...


'Sad day for Oshawa': Politicians react to GM closure

The auto manufacturer announced the closures as part of a sweeping strategy to transform its product line and manufacturing process in order to meet changing de...


Infighting and Regulatory Pressure Pushing Crypto Market Back to 2017

All of this could be potentially impacting the crypto markets but there is no way to know for sure as of yet. Amusing how CNBC's Fast Money panel crawled ou...


Oil market wary on nixed signals from Saudi Arabia

Crucial supply and demand questions will come to the fore at a pair of key gatherings over the next two weeks: the Group of 20 meeting in Argentina and an Organ...


Trump can rail against Powell, but he can't fire him

Powell, whom he nominated past year. The president past year selected Powell, at the time a Fed board member, to lead the central bank after a highly public...


An In-Depth Look At:: Morgan Stanley, (NYSE: MS)

As of Q2 2018, 18.71 million shares of Morgan Stanley are owned by Valueact Holdings L.P. Furthermore, Wellcome Trust Ltd (The) As Trustee Of The Wellcome Tru...


Delivery backlogs to continue as Canada Post union calls for ‘civil disobedience’

Mail service was scheduled to resume today at noon Eastern after the Senate passed legislation ordering an end to five weeks of rotating strikes by postal wor...


Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation

Washington and Beijing remain at odds on key issues such as US accusations of intellectual property theft and forced technology transfer, he said. If no deal...


Trump threatens to cut GM subsidies amid layoffs, possible plant closures

We want to make sure we're well-positioned. Shares of GM, the largest automaker in the United States which sells the Chevrolet , Buick, Cadillac and GMC bran...


Dolce & Gabbana Facing Backlash From Commerical And Instagram Comments

Gabbana has apologized via the same Instagram account, saying, "I love China and the Chinese Culture". We are very sorry for any distress caused by these unauth...


Trump warns Apple iPhones could face 10% tariff, shares sink

The rally came after the S&P 500 on Friday recorded its lowest close in six months, down more than 10 per cent from September's peaks, putting it in "correction...


Uber fined £385,000 for losing United Kingdom customer data

Simultaneously, UK's Information Commissioner's Office (ICO) declared Uber will be fined £385,000 (around €433,000) for the same data breach back in 2016. The...