Category: Business

Britain’s competition watchdog is concerned Japan’s Hitachi (6501.T) acquisition of France’s Thales (TCFP.PA) railway signalling business may result in higher fares for passengers, it said on Friday. As a result, Thales (TCFP.PA) expects the sale to close in the second half of next year, compared to the previous plan to finalise the deal in early […]

Canada’s TC Energy Corp (TRP.TO) shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, the largest crude spill in the United States in nearly a decade. The 622,000 barrel-per-day pipeline is a critical artery shipping heavy Canadian crude from Alberta to refiners […]

Corporate America is starting to feel the chill of a looming recession as top executives from companies such as JPMorgan Chase & Co , Walmart Inc (WMT.N) and United Airlines (UAL.O) paint a grim economic picture for the coming year. A survey by the Business Roundtable of top U.S. CEOs on Monday showed companies were […]

U.S. producer prices rose slightly more than expected in November amid a jump in the costs of services, but the trend is moderating, with annual inflation at the factory gate posting its smallest increase in 1-1/2 years. The report from the Labor Department on Friday also showed underlying producer prices increasing at their slowest pace […]

France’s RTE grid operator on Friday said the country would not face any power shortages on Monday based on current data, adding that 41 of EDF’s (EDF.PA) nuclear reactors should be available from Monday, generating an output of 39 gigawatts.

Penguin Random House head Markus Dohle will step down at the end of the year after a U.S. judge blocked a planned $2.2 billion merger of the world’s largest publisher and rival Simon & Schuster, the company said in a statement on Friday. He had resigned “at his own request and on the best of […]

The Bank of Canada will likely need to keep interest rates at or above 4% for most of 2023 to cool an overheated economy and tame high inflation, the International Monetary Fund (IMF) said in a report. The central bank’s benchmark overnight interest rate currently stands at a nearly 15-year high of 4.25% after a […]