Business

The fall lobster season for P.E.I. fishers will run from Aug. 9 until Oct. 10. File Photo.

Lobster setting day in Northumberland Strait pushed to April 27

Fisheries and Oceans Canada is delaying the start of the lobster fishing season in some parts of P.E.I. due to concerning weather conditions. Environment Canada’s marine forecast of westerly winds peaking at 35 knots is expected to affect wave levels ...

Updated 19 hours ago |1 min read

Prices at the Pumps: Some small relief, more for diesel

Updated 14 hours ago |1 min read

Union to launch boycott of Java Blend coffee shops in Halifax

Updated 18 hours ago |3 min read

CBRM throws its support behind new proposed solar gardens projects

Updated 20 hours ago |9 min read

Construction boom hits Moncton in first quarter of 2024

Updated 19 hours ago |2 min read

Russia's Yandex reports Q1 revenue rise as market awaits spin-off news

Updated 8 minutes ago |1 min read

A view shows the European Central Bank (ECB) building, on the day of the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023.

Lending and consumer data cements case for ECB rate cuts

Reuters |Updated 18 minutes ago |2 min read

FRANKFURT (Reuters) - Euro zone lending continued to stagnate in March and consumers trimmed their inflation expectations as record-high borrowing costs kept putting the brakes on the euro zone's economy, European Central Bank (ECB) reports ...

People walk past the Bank of Communications at its central branch in the financial district of Hong Kong August 19, 2009.

China's Bank of Communications Q1 profit rises 1.44%

Reuters |Updated 18 minutes ago |1 min read

BEIJING/SHANGHAI (Reuters) - China's Bank of Communications Co Ltd (BoCom), reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation's biggest state banks reporting first-quarter results, ...

China's CITIC Securities posts 8.5% fall in first-quarter profit

Reuters |Updated 27 minutes ago |1 min read

BEIJING/SHANGHAI(Reuters) - CITIC Securities Co, China's biggest brokerage, on Friday reported an 8.5% fall in first-quarter net profit. Net profit fell to 4.96 billion yuan ($684.47 million) in the three months to March 31, compared with 5.42 ...

Electrolux Q1 loss nearly triples on weak demand but beats expectations

Marie Mannes |Updated 48 minutes ago |2 min read

By Marie Mannes STOCKHOLM (Reuters) - Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased, sending shares up 6%. ...

The building of the European Central Bank (ECB) is seen amid a fog in Frankfurt, Germany December 15, 2022.

Euro zone consumers lower inflation expectations again, ECB survey shows

Reuters |Updated 1 hour ago |1 min read

FRANKFURT (Reuters) - Euro zone consumers lowered their expectation for inflation over the next 12 months in March but continued to see price growth above the European Central Bank's 2% target further out, the ECB's Consumer Expectations Survey ...

Huawei's smart car tech offers automakers route to China sales

Reuters |Updated 1 hour ago |4 min read

BEIJING (Reuters) - It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the ...

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022.

Take Five: Fed straight ahead

Reuters |Updated 1 hour ago |4 min read

(Reuters) - A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors' focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming ...

Thoma Bravo to buy UK's Darktrace for about $5.32 billion

Reuters |Updated 5 minutes ago |1 min read

(Reuters) - Private equity firm Thoma Bravo has agreed to buy British cybersecurity firm Darktrace for about $5.32 billion in cash, the companies said on Friday. The agreed price of $7.75, or around 620 pence per share represents a 44% premium to ...

Russia's Sberbank reports profit rise to $4.3 billion in 1st quarter

Reuters |Updated 7 minutes ago |2 min read

MOSCOW (Reuters) -Russia's dominant lender Sberbank on Friday reported an 11.3% rise in first-quarter net profit to 397.4 billion roubles ($4.32 billion), boosted by growth in deposits and its loan portfolio. Sberbank made record profits of 1.5 ...

Pakistan's Prime Minister Shehbaz Sharif, addresses the 23rd Shanghai Cooperation Organization (SCO) Summit, hosted virtually by India, in Islamabad, Pakistan July 4, 2023. Press Information Department (PID)/Handout via

Pakistan's economic conditions show improvement, says PM

Reuters |Updated 16 minutes ago |2 min read

By Asif Shahzad ISLAMABAD (Reuters) -Pakistan's economic indicators are showing positive signs, with an agenda of painful reforms and privatization on track, Prime Minister Shehbaz Sharif said on Friday, ahead of an IMF board meeting to decide on a ...