Article content (Adds comments from natural resources minister) OTTAWA, Feb 9 (Reuters) – Article content The Canadian government said on Thursday it would not allow mining in its domestic ocean seabeds without a “rigorous regulatory structure” and that the need for natural resources does not override Ottawa’s environmental commitments. Sea floor nodules contain critical minerals […]
Article content NEW YORK — U.S. stocks were down in afternoon trading on Wednesday, paring some of the strong gains in the previous session, with tech-focused shares leading the way lower. Alphabet shares were down about 8% after its new AI chatbot Bard delivered an incorrect answer in an online advertisement. Article content Among the […]
Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Nojoud Al Mallees Published Feb 08, 2023 • 5 minute read Join the conversation Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Martin Coulter and Greg Bensinger Published Feb 08, 2023 • 4 minute read Join the conversation Article content LONDON, Feb 8 (Reuters) – A selloff of Alphabet Inc shares knocked $100 billion in market value from Google’s parent company on Wednesday after its […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Jonathan Stempel Published Feb 07, 2023 • 1 minute read Join the conversation Article content A U.S. federal appeals court upheld the imposition of higher tariffs on some imported steel products, reversing a lower court ruling that the Trump administration waited too long to act. […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Steve Scherer and David Ljunggren Published Feb 07, 2023 • 2 minute read Join the conversation Article content OTTAWA — Bank of Canada Governor Tiff Macklem on Tuesday said that no further rate hikes will be needed if, as expected, the economy stalls and inflation […]
Breadcrumb Trail Links PMN Economy PMN Business Article content U.S. natural gas futures jumped about 5% to a one-week high on Tuesday as short sellers took profits for a second day after prices last week fell to a 25-month low and as output remains lower than last month Financial Post Top Stories Sign up to […]
Article content Wells Fargo & Co agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on Tuesday. The Construction Laborers Pension Trust for Southern California, which led the class action brought on behalf […]
Article content BERLIN/WASHINGTON — German Economy Minister Robert Habeck expressed optimism before departing on a trip to the United States on Monday that a European Union trade dispute with Washington can be resolved soon. Many EU leaders are worried the local content requirements of $369 billion of green subsidies in the U.S. Inflation Reduction Act […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Svea Herbst-Bayliss Published Feb 06, 2023 • 3 minute read Join the conversation Article content NEW YORK — U.S. medical device maker Masimo Corp changed its bylaws on Monday to stop requiring hedge funds to detail top secret data, ending, for now, a debate over […]