Business
US bank regulator tables plans to scrutinize asset manager stakes in banks
WASHINGTON (Reuters) - A top US bank regulator opted not to consider new rules that would have imposed stricter oversight on asset managers with sizeable investments in banks, even as agency officials agreed the matter merited more attention. The ...
ByteDance denies media report of plan to sell TikTok
BEIJING (Reuters) - ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm. The Information earlier reported that ByteDance is exploring scenarios ...
Sri Lankan shares end higher as financials, industrials gain
BENGALURU (Reuters) - Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks. * The CSE All Share index settled 1.4% higher at 12,075.98, gaining for three straight sessions. * LOLC Holdings and John ...
Union to launch boycott of Java Blend coffee shops in Halifax
Workers laid off by Java Blend Coffee Roasters in Halifax while attempting to form a union will launch a boycott of the business on Sunday. Tina Oh, an organizer with the Service Employees International Union, which represents the workers, said ...
Battle for 'tech luxury' in China as EVs get smarter - and cheaper
By Sarah Wu and Kevin Krolicki BEIJING (Reuters) - The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen. China’s upstart electric brands, ...
Hamas insists Gaza war end for any hostage deal, says won't be swayed by U.S. pressure
CAIRO (Reuters) - Hamas reiterated on Thursday its demand Israel end the Gaza war as part of any deal to release hostages held there, with Sami Abu Zuhri, a senior official in the Palestinian militant group, telling Reuters that U.S. pressure on ...
Boeing's credit rating under pressure as S&P revises outlook to 'negative'
(Reuters) -Boeing's credit rating was under pressure for the second time this week as S&P revised its rating outlook on Thursday after a mid-air blowout of a cabin panel in January prompted the planemaker to slow production of its best-selling ...
Construction boom hits Moncton in first quarter of 2024
Moncton is experiencing a significant construction surge, with 183 permits worth $56.5 million issued in the first quarter of 2024, more than doubling the total permit value over the same period in 2023. Residential construction represents 37 per ...
US issues new Iran-related sanctions, Treasury Dept. website shows
WASHINGTON (Reuters) - The United States on Thursday issued fresh Iran-related and Russia-related sanctions, according to the Treasury Department website.The sanctions designations issued on Thursday affect Pouya Air, eight individuals, five ...
Yellen says economy performing well, inflation will ebb
WASHINGTON (Reuters) - Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very, very well" and that she still sees inflation falling back to more normal levels. "The U.S. economy continues to perform ...