February 16, 2019

Canada’s Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi

Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum impo...
February 16, 2019

Russian court extends custody of Baring Vostok’s Calvey until April

A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.
February 16, 2019

Here’s why the next recession could be unlike any the US has ever seen

As trepidation over a possible economic recession mounts, Goldman Sachs finds that the five traditional catalysts for a meltdown are being held in check. However, Goldman did recently identify an unprecedented scenario that c...
February 16, 2019

Customers report difficulty accessing Chase Bank’s mobile and online banking

Chase Bank customers were having trouble accessing the bank's website and mobile app on Friday night, according to the website DownDetector.com. In a statement released on Twitter, Chase SupportĀ confirmed that "some customers...
February 15, 2019

PepsiCo forecasts surprise drop in 2019 adjusted profit

PepsiCo Inc forecast a surprise drop in full-year profit on Friday, hit by a stronger dollar, increased investments in its business and a higher tax bill.
February 15, 2019

Seizing on Huawei’s troubles, Samsung bets big on network gear

Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China's Huawei, according to company officials and other industry executives.
February 14, 2019

Asia shares cautious, seeking Sino-U.S. clarity

Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-U.S. tariff talks amid reports the White House could extend the deadline for a deal.
February 14, 2019

U.S.-China trade talks move to higher level as deadline looms

U.S. Treasury Secretary Steven Mnuchin said he was looking forward to trade talks with China on Thursday, as discussions in Beijing moved to a higher level in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal.
February 12, 2019

Beer giant Molson Coors slides after missing on sales and saying it made accounting errors (TAP)

The beer giant Molson Coors beat on fourth-quarter profits but missed on sales. The company said it would restate its financial statements for fiscal 2016 and 2017 after its audit committee identified some accounting errors. ...
February 12, 2019

Citigroup’s consumer bank is trying to jumpstart revenues, and it thinks its 28 million US credit-card customers are a golden opportunity (C)

Citigroup is on a mission to jumpstart revenues in its Global Consumer Bank. Mining its 28 million US branded credit-card holders for more banking opportunities could generate significant revenues for Citi, incoming CFO Mark ...