Business

Members of the Progressive Conservative front bench listen as Lt.-Gov. Antoinette Perry closes out the spring sitting of the P.E.I. legislature. – Stu Neatby

P.E.I.'s spring sitting of the legislature has closed. Here are three takeaways

The 27 members of P.E.I.’s legislature headed back to their districts for the summer after a 31-day sitting closed on April 23. The spring sitting saw the Progressive Conservative government of Premier Dennis King pass another record-high budget, ...

Updated 18 hours ago |7 min read

Roll Up to Win confusion: Cape Bretoners disappointed after Tim Hortons email mistake

Updated 8 hours ago |6 min read

In this Saltwire file photo, a person rolls up the rim of their Tim Hortons cup to see if they are a winner or not, which was how the contest was run until 2021 when they decided to make it a digital-only game. SALTWIRE FILE

Time to double the quota? Owner of only N.L. fish plant to process exclusively northern cod thinks stocks are ready and is working to regain its position in global marketplace

Updated 16 hours ago |7 min read

A cod is tagged earlier in 2024 as part of the Northern Cod Fishery Improvement Project in Newfoundland and Labrador, a collaborative effort by industry partners to improve the science of understanding the stock and to elevate its place in the global market. Contributed/Atlantic Groundfish Council

Leon's furniture store completes relocation from Charlottetown to Summerside

Updated a day ago |5 min read

CBRM seeks land-use bylaw change for supportive housing units

Updated 19 hours ago |5 min read

BNP Paribas profit tops estimates on lower costs and global banking

Updated 3 minutes ago |2 min read

STMicro cuts FY revenue outlook as slowing car demand bites

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies.

Canada's Teck Resources misses first-quarter profit estimates

Reuters |Updated 11 minutes ago |1 min read

(Reuters) - Canadian miner Teck Resources missed first-quarter profit estimates on Thursday, partly due to lower steelmaking coal sales volumes. The company reported an adjusted profit of C$0.75 per share, for the quarter ended March 31, ...

Deutsche Bank posts better-than-expected 10% rise in Q1 net profit

Reuters |Updated 2 minutes ago |1 min read

FRANKFURT (Reuters) - Deutsche Bank posted on Thursday a better-than-expected 10% rise in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at the investment bank. Net profit attributable to ...

Hyundai Motor's Q1 profit drops 2.4%, beats forecasts

Reuters |Updated 1 minutes ago |1 min read

By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea's Hyundai Motor Co reported on Thursday a drop of 2.4% in first-quarter profit, beating analysts forecasts, helped by solid sales of high-margin cars, while a cheaper domestic currency ...

Jars of Maggi bio vegetable stock, part of food giant Nestle's portfolio, are seen in the company's headquarters in Vevey, Switzerland, February 21, 2024.

Nestle misses quarterly sales estimates

Reuters |Updated 13 minutes ago |1 min read

LONDON (Reuters) - Nestle on Thursday missed first-quarter organic sales growth estimates as the world's biggest packaged food company hiked prices and sold fewer products. The maker of Maggi noodles and KitKat chocolate wafer bars confirmed its ...

A person walks pass some vendors on the street at a market in Bangkok, Thailand, September 26, 2019.

Thai banks to cut rates by 25 bps for 'vulnerable groups', bankers' association says

Reuters |Updated 22 minutes ago |1 min read

BANGKOK (Reuters) - Thai banks will cut lending rates by 25 basis points for vulnerable groups for a period of six months, the country's Bankers' Association said on Thursday. The decision came after Prime Minister Srettha Thavisin said this ...

Equinor Q1 profit beats forecast

Reuters |Updated 1 minutes ago |1 min read

OSLO (Reuters) - Equinor on Thursday posted higher-than-expected profits for the first quarter and said this was driven by high production in its native Norway and strong operational performance. The Norwegian oil and gas producer's adjusted ...

People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022.

LG Display returns to quarterly loss on drop in off-season demand

Reuters |Updated 2 minutes ago |1 min read

SEOUL (Reuters) - South Korean flat-screen maker LG Display returned to an operating loss in the first quarter, hit by weakening demand for large display panels for TVs and small panels for smartphones. The Apple supplier posted an operating ...

A Toyota EV car is seen at the Bangkok International Motor Show in Bangkok, Thailand, March 30, 2022.

Toyota to delay EV production launch in US to 2026, Mid Japan Economist reports

Reuters |Updated 33 minutes ago |1 min read

TOKYO (Reuters) - Toyota Motor will delay the start of its electric vehicle (EV) production in the U.S. to the spring of 2026 from the proposed 2025 timing, the Mid Japan Economist newspaper said on Thursday. The automaker will also reduce its ...

A welding robot assembles bodyworks on a Yaris car at the assembly line of the Toyota Motor Manufacturing France (TMMF) plant in Onnaing near Valenciennes, France, March 30, 2023.

Toyota hits record output, sales in FY2023/24

Reuters |Updated 42 minutes ago |1 min read

TOKYO (Reuters) - Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, thanks to robust demand in each region and the lack of semiconductor supply constraints it had to endure in recent years.