Business
Explainer-How Trump could influence the makeup of the Fed
(Reuters) - Donald Trump's allies are reported to be drafting proposals to erode the Federal Reserve's independence if the presumptive Republican presidential nominee regains the White House, with installing loyalists at the central bank as a key ...
C$ trims weekly gain as U.S. inflation remains sticky
By Fergal Smith TORONTO (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Friday as U.S. inflation data suggested the Federal Reserve could turn more hawkish compared to the Bank of Canada and some other major peers, but ...
Exclusive-General Mills explores sale of $2 billion-plus yogurt business in North America, sources say
By Abigail Summerville NEW YORK (Reuters) - General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more ...
U.S. Treasury refunding set to offer relief from supply rises
By Karen Brettell NEW YORK (Reuters) - The U.S. Treasury Department is expected to offer markets some relief next week when it details refunding plans for the coming quarter, by keeping the size of most of its auctions steady after three quarters ...
You knead to be careful about online Ben's Bread rumours
Proving that no molehill is too small to turn into a mountain, social media in Halifax this week flamed into a small firestorm after someone posted that “after 117 years, Ben’s bread is no more.” While it is true that Ben’s Bakery was a Halifax ...
Trans Mountain expansion requires six more leave-to-open permits, regulator says
By Nia Williams (Reuters) - The Canada Energy Regulator (CER) has six leave-to-open applications left to consider for the 590,000 barrel-per-day Trans Mountain pipeline expansion project, a CER spokesperson said on Friday. The Canadian ...
US Labor Department corrects productivity data
WASHINGTON (Reuters) - The U.S. Labor Department said on Friday it had corrected productivity data going back to 2019 after a computation error in off the clock hours worked ratios biased downward the labor hours levels underlying the ...
Two senators want US to order Tesla to restrict Autopilot use
WASHINGTON (Reuters) - Two U.S. senators on Friday urged regulators to bar Tesla from allowing the use of driver assistance system Autopilot on roads where it is not intended. Democratic Senators Ed Markey and Richard Blumenthal said the National ...
'End of oil not in sight', OPEC Secretary General says in MEES article
LONDON (Reuters) - The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use. In an op-ed ...
Earnings for Big Oil backpedal as natgas prices tumble
By Sabrina Valle HOUSTON (Reuters) - U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago. In the U.S., Exxon Mobil missed Wall Street earnings targets ...