Business

Business

Canada remains competitive despite U.S. tax cuts, Morneau says

(c) 2018, Bloomberg. Finance Minister Bill Morneau said Canada’s tax rates remain competitive, even as a key business group recommends his government follow U.S. cuts. Morneau met Friday with private-sector economists in Toronto ahead of his Feb. 27 budget. He said they discussed the impact of U.S....


Business

U.S. signals new trade blow with steel, aluminum tariff proposal

(c) 2018, Bloomberg. The Commerce Department revealed its recommendations that the U.S. impose tariffs or quotas on imports of aluminum and steel, in the strongest indication yet the administration intends to see through its protectionist agenda. Commerce “found that the quantities and...


Business

Kraft Heinz plunges after weak results boost pressure to do deal

(c) 2018, Bloomberg. Kraft Heinz Co. suffered its worst stock decline in more than two years after posting disappointing sales and profit, boosting speculation that the food giant will need a large acquisition to fuel growth. The shares tumbled as much as 7 percent in the wake of the results, which...


Business

Siemens teams with Airbus to IBM in cyberattack defense plan

(c) 2018, Bloomberg. Siemens is joining with companies including Airbus and IBM to try to counter large-scale hacking attacks that threaten to cost $8 trillion in damage over the next five years. The group signed a charter Friday at a security conference in Munich urging stronger safeguards against...


Business

US rig count remains unchanged at 975

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. didn’t increase this week, remaining at 975 for the second week in a row. That exceeds the 751 rigs that were active this time a year ago. Houston oilfield services company Baker Hughes reported Friday that 798 rigs...


Business

SpaceX wants to beam internet down to Earth. Here's how it'll start.

(c) 2018, The Washington Post. SpaceX is preparing to hit another orbital milestone with the launch of a pair of experimental satellites on Sunday that’s designed to beam an ultra-fast, lag-free Internet connection down to Earth. The test satellites, dubbed Microsat-2a and Microsat-2b, are a part...


Business

South Africa's Ramaphosa pledges growth, jobs, graft crackdown

(c) 2018, Bloomberg. South African President Cyril Ramaphosa pledged to revive a flagging economy, restore investor confidence, create millions of new jobs and crack down on the corruption that dogged the country under the rule of his predecessor Jacob Zuma. “We should put behind us the era of...


Business

Inside the $700 billion (and growing) bond-bull empire in Newark

(c) 2018, Bloomberg. A quartet of bond managers ensconced in a glistening tower in Newark, New Jersey, say historically low long-term Treasury yields are here to stay. And they’ve got a growing pile of money backing that view. For the crew at PGIM Fixed Income, there’s no bond bear market in sight -...


World

Khodorkovsky plots out a long game: a post-Putin Russia

Britain Russia Khodorkovsky

LONDON (AP) — He once was Russia’s richest man, and then for 10 years its most famous prisoner. Now Mikhail Khodorkovsky wants to try a new mantle: godfather of Russian democracy. Khodorkovsky is playing a long game, looking well past the Russian presidential election on March 18 that is guaranteed...


Business

Trading of three crypto-linked firms suspended by wary SEC

(c) 2018, Bloomberg. The Securities and Exchange Commission has halted trading in three companies that claimed acquisitions of assets tied to cryptocurrency and blockchain technologies, saying the agency had questions about their business operations and the value of their assets. Cherubim Interests...


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