Flavio Bolsonaro to Oppose Proposed U.S. Tariff on Brazilian Goods at Trade Hearing
Brazilian right-wing Senator Flavio Bolsonaro, who is expected to run in the country’s October presidential election, has registered to participate in a public hearing before the U.S. International Trade Commission. The hearing, scheduled for...
Shopify to Ban Vape Sales Amid U.S. Crackdown on Illegal E-Cigarette Market
Shopify is set to prohibit the sale of all vape products on its e-commerce platform as early as this week, following sustained pressure from a bipartisan coalition of 25 U.S. state attorneys general seeking...
Cuba Approves Historic Economic Reforms, Opening Door to Private Enterprise
Cuba’s National Assembly has unanimously approved a sweeping package of more than 175 economic reforms that could mark the country’s biggest shift toward a market economy since the 1959 revolution. Backed by the Communist...
BHP Shares Tumble After Jansen Project Cost Blowout
Shares of mining giant BHP Group fell sharply on Friday after the company disclosed significant cost overruns and a $2.3 billion charge related to its Jansen potash project in Canada. The stock closed 5.6%...
MDA Space to Acquire Blue Canyon Technologies for $620 Million
Canadian space technology company MDA Space has announced an agreement to acquire U.S.-based Blue Canyon Technologies from RTX Corporation’s Raytheon business for $620 million in cash. The acquisition is aimed at strengthening MDA Space’s...
UK Wage Growth Remains Strong as Unemployment Falls Ahead of Bank of England Rate Decision
Britain’s labour market showed unexpected resilience in the three months to April, with wage growth remaining stronger than forecast and unemployment edging lower, according to data released by the Office for National Statistics (ONS)....
LATAM Brazil to Cut July Capacity as Fuel Costs Rise
LATAM Airlines’ Brazilian unit is expected to reduce its flight capacity by around 3% in July compared to its original plans, as rising fuel costs continue to pressure airline operations. The announcement was made...
Apotex Health Targets Up to C$1.2 Billion in Toronto IPO
Canadian healthcare company Apotex Health announced on Monday that it plans to raise up to C$1.2 billion through an initial public offering (IPO) on the Toronto Stock Exchange (TSX), marking one of the largest...
U.S. Economic Growth Revised Down to 0.5% in Q4, Corporate Profits Surge
U.S. economic growth slowed more sharply than previously estimated in the fourth quarter, according to fresh data released by the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized...
Canadian Futures Dip as Investors Turn Cautious Ahead of U.S. Data and Nvidia Earnings
Futures for Canada’s main stock index slipped on Tuesday as global investors shifted away from risk ahead of key U.S. economic data releases and earnings from AI heavyweight Nvidia. December futures on the S&P/TSX...