Top Story

2:40 pm

General Electric said to be in talks to sell flet financing unit to Canadian Element

General Electric wants to cut its reliance on its finance businesses, except for those backing the aircraft and other industrial units

Breaking News

Wednesday, May 27, 3:27 pm

Gold drops 0.1% to $1,185; WTI slides 0.9% to $57.51

Gold futures today logged a fourth consecutive session of losses as investors eagerly watched debt talks in Greece and searched for further clues on the timing of the Federal Reserve’s intere...

International

10:54 am

Business welcomes Queen's Speech but warns on EU vote

Business broadly welcomed the new British government’s legislative agenda for the coming year, but warned that dragging out an EU referendum could hit confidence - and said the UK should stay in the bloc.

Articles

  • TSX rises as BMO, NBC report stronger earnings, hike dividend

    Canadian shares rose after Bank of Montreal and National Bank of Canada reported better-than-expected earnings and announced dividend increases. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.4 percent to 15,110.50 at 12:56 p.m. in Toronto. Three shares advanced for every two issues that declined as six out of the ten main share groups were in the positive territory.

  • U.S. stock-index futures rise as dollar eases, Greece concerns abate

    U.S. stock-index futures were higher today as the dollar eased back from its largest gain in two years and as worries about Greece receded. Futures for the Dow Jones Industrial Average rose 0.1 percent to 18,073, while those for the S&P 500 index were up 0.1 percent to 2,107. Futures for the Nasdaq 100 index climbed 0.1 percent to 4,485.

  • Priceline to hike stake in China’s Ctrip.com to 15%

    Priceline Group (NASDAQ:PCLN), a travel websites operator, will invest an additional $250 million in Chinese online travel company Ctrip.com International (NASDAQ:CTRP) to tap the fast-growing China market. Shanghai-based Ctrip will issue convertible bonds to Priceline for the investment, the companies said in a statement today.

  • Amazon could pay higher taxes in Europe after renouncing reporting in Luxembourg

    As of May 1, Amazon said it has declared its revenues in UK, Germany, Spain and Italy instead of Luxembourg as it did before this date.

  • Largo Resources achieves 88% production capacity at Maracas mine

    This year, Largo achieved several milestones apart from the production amounts. Last March, the company said that recovery rates at the milling, kiln, and leaching systems have each met and surpassed design targets

  • Apple promotes design guru Jonathan Ive to Chief Design Officer

    Apple (NASDAQ:AAPL) promoted British designer Jony Ive to the role of chief design officer at the world's most valuable company, according to reports. Ive, who as a lead designer with the company helped conceive the iconic Apple looks of products like the iPod, iPad and Apple Watch, confirmed the promotion in an interview published today in the Daily Telegraph.

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