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Business Canada

  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • CHICAGO/ BRASILIA, June 23- Brazil scrambled to shore up its beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failure of inspections in the world's largest beef exporter. He said USDA approval for Brazil's fresh beef, which was only granted last year, was...

  • CHICAGO/ BRASILIA, June 23- Brazilian officials scrambled to shore up their beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failures in the inspection program of the world's largest beef exporter. While fresh beef shipments to the United States represent...

  • SAO PAULO, June 23- Brazil's agriculture minister prepared to travel to the United States on Friday to fight a ban on imports of fresh Brazilian beef, which hit shares of local meatpackers and revived concerns about the image of the world's largest beef exporter. The U.S. Department of Agriculture's ban dealt a setback to Brazil's recently opened fresh beef...

  • By Narottam Medhora and Jim Finkle. WATERLOO, Ontario, June 23- BlackBerry Ltd posted quarterly revenue that missed analysts' forecasts due to an unexpected sales decline, pushing shares down as much as 13 percent, which would be their biggest one-day drop in more than two years. The Waterloo, Ontario- based company is focused on expanding sales to automakers and...

  • Ford factory in Michigan

    Ford announced it would move some production of its Focus small car to China instead of Mexico.

  • *U.S.- and Canada- listed shares both fall more than 10 pct. The news troubled investors because growth in software sales, which is at the heart of Chief Executive John Chen's plan for turning the Canadian company around, dropped to $101 million in the first quarter, or 4.7 percent lower than a year ago. The Waterloo, Ontario- based company is focused on expanding...

  • OTTAWA, June 23- Canada's annual inflation rate cooled more than expected in May, moving it further away from the Bank of Canada's target and reducing the odds of an interest rate hike next month. The three measures of core inflation the Bank of Canada set last year remained subdued, with two of them declining. "When we're looking for reasons for the bank to take its...

  • *Plans new overseas offices in Sydney, Luxembourg next year. CMB is planning to open new private banking offices in Sydney and Luxembourg next year, and Los Angeles, London and Vancouver over the next two-three years, Wang Jinggeneral manger of CMB's private banking department told Reuters. China's sixth-largest lender by assets already has a private banking...

  • WATERLOO, Ontario _ BlackBerry Ltd. on Friday reported fiscal first-quarter net income of $671 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. Three analysts surveyed by Zacks expected $264 million.

  • WASHINGTON— It was at Oregon's Timberline Lodge, later known as a setting in the horror movie "The Shining," where Patrick Doyle earned his first real paycheck. The job didn't pay much. But Doyle quickly learned lessons that served him for years as he rose to become the CEO of Domino's, the pizza delivery giant:.

  • June 22- It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C $360 million paper profit by propping up a major Canadian lender on life support. Home Capital joined Bank of America Corp, General Electric Co, Goldman Sachs Group Inc and other companies that have welcomed Buffett's largesse, accepting a C $2 billion credit...

  • CALGARY, Alberta, June 22- Four of Canada's biggest banks are the largest providers of C $5.5 billion in credit for Kinder Morgan Canada Ltd's Trans Mountain pipeline expansion project, the company said in regulatory filings on Thursday. Along with 20 other banks backing the expansion, they are expected to face increasing pressure from environmental and...

  • CALGARY, Alberta, June 22- Four of Canada's biggest banks are the largest providers of C $5.5 billion in credit for Kinder Morgan Canada Ltd's Trans Mountain pipeline expansion project, the company said in regulatory filings on Thursday. Along with 20 other banks backing the expansion, they are expected to face increasing pressure from environmental and...

  • BRUSSELS- European Central Bank President Mario Draghi participates in the European Council Meeting in Brussels, Belgium. NASHVILLE, Tennessee- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Illinois Bankers Association 126th Annual Conference- 1515 GMT.

  • BRUSSELS- European Central Bank President Mario Draghi participates in the European Council Meeting in Brussels, Belgium. NASHVILLE, Tennessee- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Illinois Bankers Association 126th Annual Conference- 1515 GMT.

  • ROYAL BANK OF CANADA, CANADIAN IMPERIAL BANK OF COMMERCE, BANK OF NOVA SCOTIA, TORONTO- DOMINION BANK MAIN LENDERS FOR KINDER MORGAN INC'S TRANS MOUNTAIN PIPE EXPANSION- FILINGS.

  • *Berkshire Hathaway to provide new C $2 billion loan. TORONTO, June 22- Warren Buffett's Berkshire Hathaway Inc is providing a C $2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier. Street Capital Group closed up...

  • OTTAWA, June 22- Canada's main stock index rose on Thursday as the financial and resource sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc.. Shares of Home Capital, which nearly collapsed in April, soared 23 percent to C $18.38 after it said billionaire Warren Buffett's...