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Business Canada

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • SINGAPORE, May 24- Chicago soybean futures slid for a second session on Wednesday while corn edged up after closing lower the previous day, with easing concerns over planting delays in the U.S. grain belt adding pressure to grains markets. The Chicago Board Of Trade most-active soybean contract lost 0.4 percent to $9.44-1/ 2 a bushel by 0322 GMT, having closed down...

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • **LONDON- European Central Bank to publish Financial Stability Report- 2100 GMT. MADRID- European Central Bank President Mario Draghi speaks at First Conference on Financial Stability- 1345 GMT. TORONTO- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer session before the C.D.

  • *Wall Street rises as Trump federal budget plan released. NEW YORK, May 23- Wall Street rose on Tuesday as investors were relieved by the release of President Donald Trump's budget proposal and oil prices inched up in spite of a White House proposal to sell half the country's petroleum reserves. "People will keep an eye on any sort of indication of corporate tax...

  • TORONTO/ NEW YORK, May 23- Royal Dutch Shell Plc has decided to offload a roughly C $4.1 billion stake in Canadian Natural Resources Ltd that it acquired as part of a deal to retreat from Canada's oil sands earlier this year, people familiar with the situation told Reuters. As part of the transaction, Shell acquired about 98 million Canadian Natural shares, or about...

  • NEW YORK, May 23- The dollar rose against a basket of major currencies on Tuesday as its worst week of losses in a year drove some profit taking and investors turned their attention to Wednesday's release of the minutes of the U.S. "It's a little bit of profit taking on some of the currency pairs," said Alfonso Esparza, senior currency analyst at OANDA in Toronto.

  • TORONTO, May 23- BlackBerry Ltd shares surged to a four-year high in Toronto on Tuesday, extending a two-month rally spurred on by expectations for strong growth in the fast-expanding cyber security and automotive software markets. The Canadian shares climbed as much as 9.4 percent to C $15.34. BlackBerry's U.S.-listed shares gained more than 9 percent on...

  • WASHINGTON, May 23- New U.S. single-family home sales tumbled from near a 9-1/ 2- year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month, with sales in the West region plunging to...

  • TORONTO, May 23- BlackBerry Ltd's Toronto- listed shares surged 8.5 percent on Tuesday as investors raised expectations that the technology company's cyber security and automotive software will post strong growth, an analyst said. This month's global "ransomware" attack, dubbed WannaCry, has raised awareness of BlackBerry's security software business,...

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • **NEW YORK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the MNI Connect Roundtable- 2100 GMT. **MINNEAPOLIS- Federal Reserve Bank of Minneapolis President Neel Kashkari holds media Q&A at the Opportunity and Inclusive Growth Institute Conference- 1300 GMT. **MINNEAPOLIS- Federal Reserve Bank of...

  • NEW YORK, May 22- Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media lab and five other companies to explore blockchain technology for the development of driverless cars. "Hundreds of billions of miles of human driving data may be needed to develop safe and reliable autonomous vehicles," said...

  • CANNES, France— This year's Cannes Film Festival has been a sprawling, international referendum on Netflix, with votes registered in catcalls and applause, and some of the biggest names in cinema staking out their positions. As the world's largest and most prestigious film festival, Cannes has often been a kind of glitzy, French Riviera town hall that measures...

  • PARIS/ SEATTLE, May 22- Two words underpin Boeing's decision to launch a U.S. trade complaint against Bombardier, which plunged it into a row with Canada last week: "Never again". Allegations that the Canadian firm dumped newly designed CSeries passenger jets in the United States at a steep loss have threatened a sale of F/A-18 warplanes to Ottawa, sending Boeing...

  • BOSTON, May 22- A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts- based MC2 Capital Management LLC, was arrested in Vermont on Saturday and charged in a criminal complaint with...

  • Canada's pivot to Asia?

    Wayne Farmer, Canada-ASEAN Business Council, says ASEAN's demographics and growth levels present Canada with a market opportunity.

  • Like free-trade superheroes, Japan and New Zealand are spearheading efforts to make the Trans-Pacific Partnership a reality without the U.S.

  • Containers at Busan Port in Busan, South Korea.

    In a pushback against Trump’s protectionist rhetoric, 11 nations in the TPP have agreed on Sunday to proceed without the U.S.

  • U.S. Trade Representative Robert Lighthizer (R) and Japan's Trade Minister Hiroshige Seko pose for a photo during the APEC Ministers Responsible For Trade (APEC MRT 23) meeting in Hanoi, Vietnam May 20, 2017.

    Newly confirmed U.S. Trade Representative Lighthizer was thrust into the APEC spotlight, as trade partners seek clarity on Trump's policies.