Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
* Canadian dollar rises against the greenback
* Price of U.S. oil increases nearly 2%
* Canadian bond prices climb across a steeper yield curve
* Canada's 10-year yield hits a two-year low at 1.453%
TORONTO, June 3 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Monday as oil prices rose, recovering from a nearly five-month low on Friday when investors worried about potential U.S. tariffs on Mexico. Mexico and Canada said on Friday they would proceed with plans to ratify a new continental trade pact despite a threat from U.S. President Donald Trump to impose tariffs on Mexico unless a surge of illegal immigrants ceased. Critics say that could undermine chances of the treaty coming into force.
Canada sends about 75 percent of its exports to the United States, including oil, so its economy could be hurt by a more uncertain outlook for North American trade. The price of oil rebounded after last week's heavy declines on reassurances over production from top oil exporter Saudi Arabia, the de-facto leader of the Organization of the Petroleum
Exporting Countries. U.S. crude oil futures were up 1.9%
at $54.54 a barrel.
At 9:00 a.m. (1300 GMT), the Canadian dollar was
trading 0.2% higher at 1.3487 to the greenback, or 74.15 U.S. cents. The currency traded in a range of 1.3485 to 1.3526. The loonie, which fell in May for the fourth straight month, on Friday touched its lowest since Jan. 3 at 1.3565. Data on Friday showed that the Canadian economy barely grew in the first quarter, but signs of a strong recovery in March supported the Bank of Canada's view that the slowdown would be temporary. Speculators have cut their bearish bets on the Canadian dollar for the second straight week, data from the U.S. Commodity Futures Trading Commission and Reuters calculations showed on Friday. As of May 28, net short positions had fallen to 39,423 contracts from 42,236 in the prior week. Canadian government bond prices were higher across a steeper yield curve in sympathy with U.S. Treasuries on Monday. The
two-year rose 8 Canadian cents to yield 1.387% andthe 10-year climbed 25 Canadian cents to yield
1.462%. The 10-year yield fell to its lowest since June 2017 at 1.453%.
(Reporting by Fergal Smith; Editing by Steve Orlofsky)