Business
Canfor extending temporary sawmill curtailments in B.C.
By The Canadian Press on January 4th, 2023
VANCOUVER – Canfor Corp. is extending sawmill curtailments in B.C. due to what it says are ongoing weak market conditions and a lack of available economic fibre. The Vancouver-based company says production will be reduced through two-week curtailment extensions in January at select solid wood facilities in B.C. The decision will remove about 21 million ... Read More »
Be the first to comment!Federal Court of Appeal sets Jan. 24 for hearing on Rogers-Shaw deal
By The Canadian Press on January 3rd, 2023
OTTAWA – The Federal Court of Appeal will hear the Competition Bureau’s appeal of a decision that cleared the way for Rogers Communication Inc.’s takeover of Shaw Communications Inc. on Jan. 24. The Competition Bureau is appealing the Competition Tribunal’s dismissal of its efforts to block the $26-billion deal, stating the tribunal made fundamental errors ... Read More »
1 responseS&P/TSX composite up on first trading day of 2023, US markets slightly down
By The Canadian Press on January 3rd, 2023
TORONTO – Canada’s main stock index ended the first day of the trading year up just 0.30 per cent, with losses in energy offset by gains in several other sectors, while U.S. markets were slightly down. The S&P/TSX composite index was up 58.85 points at 19,443.77. In New York, the Dow Jones industrial average was ... Read More »
1 responseFTX founder Sam Bankman-Fried pleads not guilty to fraud
By Larry Neumeister, The Associated Press on January 3rd, 2023
NEW YORK (AP) – FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform as a judge set a tentative trial date for October. Bankman-Fried, 30, denied charges accusing him of illegally diverting massive sums of customer money ... Read More »
1 responseWall Street slips in 2023 open after ending dismal year
By Damian J. Troise And Alex Veiga, The Associated Press on January 3rd, 2023
NEW YORK – Stocks fell on Wall Street’s first trading day of 2023 after closing out its worst year since 2008. Investors will be closely watching moves by central banks in coming months to fight inflation with higher interest rates, all the while bracing for the recession and higher unemployment that could result from those ... Read More »
1 responseFTX founder Sam Bankman-Fried pleads not guilty in New York
By Larry Neumeister, The Associated Press on January 3rd, 2023
NEW YORK (AP) – FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Bankman-Fried, 30, is accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians ... Read More »
1 responseCalgary’s December home sales down 31% from last year: real estate board
By The Canadian Press on January 3rd, 2023
CALGARY – The Calgary Real Estate Board says home sales in the region ended the year on a record high even though December sales fell 31 per cent from a year ago. The Albertan board says it capped the year with 29,672 sales, including 1,204 last month. The December sales were not enough to offset ... Read More »
Be the first to comment!Oil facilities in Yemen change hands in $21.6 million deal
By Samy Magdy, The Associated Press on January 3rd, 2023
CAIRO (AP) – A global energy company Tuesday acquired oil producing facilities in war-torn Yemen from another international firm. The move comes as the country’s Houthi rebels have repeatedly targeted terminals and tankers in efforts to stop their rivals from exporting oil. Zenith Netherlands, a subsidiary of Zenith Energy Ltd., announced that it has agreed ... Read More »
Be the first to comment!1st tanker carrying LNG from US arrives in Germany
By The Associated Press on January 3rd, 2023
BERLIN (AP) – The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia. The tanker vessel Maria Energy arrived at the North Sea port of Wilhelmshaven, where its shipment of LNG ... Read More »
1 responseFTX founder Sam Bankman-Fried faces arraignment in New York
By The Associated Press on January 3rd, 2023
NEW YORK (AP) – FTX founder Sam Bankman-Fried will be arraigned in a Manhattan federal court Tuesday on charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Bankman-Fried, 30, was accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to ... Read More »
1 responseOatly signs manufacturing partnership deal with Ya YA Foods
By The Canadian Press on January 3rd, 2023
TORONTO – Oat drink company Oatly Group AB has signed a manufacturing partnership deal with Ya YA Foods Corp., a Toronto-based contract beverage manufacturer. Under the agreement, Ya YA Foods will acquire a majority of the assets and assume the property lease at Oatly’s production facility in Ogden, Utah. It will also take over the ... Read More »
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