Business
Asian shares mostly higher after slight gains on Wall St
By Elaine Kurtenbach, The Associated Press on February 28th, 2023
BANGKOK (AP) – Shares were mostly higher Tuesday in Asia after Wall Street benchmarks clawed back some losses from their worst week since early December. Tokyo, Seoul, Sydney and Shanghai advanced while Hong Kong and Mumbai declined. Stocks have come under selling pressure as analysts raised forecasts for how high the Federal Reserve will take ... Read More »
Be the first to comment!Asian shares edge higher after slight gains on Wall Street
By Elaine Kurtenbach, The Associated Press on February 27th, 2023
BANGKOK (AP) – Shares climbed in Asia on Tuesday after Wall Street benchmarks clawed back some losses from their worst week since early December. Stocks have come under selling pressure as analysts have raised forecasts for how high the Federal Reserve will take interest rates and how long it will keep them there to tame ... Read More »
Be the first to comment!MEG Energy earns $159M in Q4; high oil prices offset by WCS differential
By The Canadian Press on February 27th, 2023
CALGARY – MEG Energy Corp. says it earned $159 million in the fourth quarter of 2022, a 10 per cent decrease from the prior year’s quarter in spite of achieving record bitumen production. The oilsands producer says its profit for the three months ended Dec. 31, 2022, works out to 53 cents per diluted share, ... Read More »
Be the first to comment!Rapid demise of ‘Dilbert’ is no surprise to those watching
By David Bauder, The Associated Press on February 27th, 2023
NEW YORK (AP) – The comic strip “Dilbert” disappeared with lightning speed following racist remarks by creator Scott Adams, but it shouldn’t come as a shock to anyone who has followed them both. Adams, who is white, was an outspoken presence on social media long before describing Black people as a “hate group” on YouTube ... Read More »
Be the first to comment!North American markets rally; recover some of last week’s losses
By The Canadian Press on February 27th, 2023
TORONTO – North American markets moved higher Monday as investor sentiment rallied in the aftermath of what was the worst week for stocks so far this year. The S&P/TSX composite index was up 40.94 points at 20,260.13. In New York, the Dow Jones industrial average was up 72.17 points at 32,889.09. The S&P 500 index ... Read More »
Be the first to comment!Stocks steady themselves after Wall Street’s rout last week
By Stan Choe, The Associated Press on February 27th, 2023
NEW YORK (AP) – Stocks steadied themselves Monday following Wall Street’s worst week since early December. The S&P 500 rose 12.20 points, or 0.3% to 3,982.24 for just its second gain in the last seven days. The Dow Jones Industrial Average gained 72.17, or 0.2%, to 32,889.09, while the Nasdaq composite climbed 72.04, or 0.6%, ... Read More »
Be the first to comment!Stocks tick higher on Wall Street following last week’s rout
By Stan Choe, The Associated Press on February 27th, 2023
NEW YORK (AP) – Stocks closed slightly higher, clawing back some of the losses from their worst week since early December. The S&P 500 rose 0.3% Monday, just its second gain in the last seven days. The Dow and the Nasdaq also rose. Treasury yields eased a bit. That helped take some pressure off stocks ... Read More »
Be the first to comment!WestJet customers offered 7.5-hour bus ride to destination after flight cancelled
By The Canadian Press on February 27th, 2023
WestJet customers say they were rebooked on a seven-and-a-half-hour bus trip from Calgary to Regina after their afternoon flight was cancelled Sunday. Passengers say they were informed less than three hours before boarding that the one-hour flight between the two cities had been cancelled and that they could reach their destination via “ground transportation” that ... Read More »
Be the first to comment!WVa bill would give tax credits to ex-residents to move back
By The Associated Press on February 27th, 2023
CHARLESTON, W.Va. (AP) – West Virginia’s Senate passed a bill Monday that would give $25,000 in tax credits to former residents who move back to the state to work. The Senate passed the bill unanimously and sent it to the House of Delegates. Those eligible for the tax credit had to live and work in ... Read More »
Be the first to comment!Quebec Appeal Court rejects Fortnite creator’s challenge of class-action lawsuit
By The Canadian Press on February 27th, 2023
MONTREAL – The Quebec Court of Appeal has upheld a decision authorizing a class-action lawsuit by parents who claim their children became addicted to the popular online video game Fortnite. Lawyers for Fortnite creator Epic Games had sought permission to appeal the decision, arguing that a Superior Court judge never should have authorized the class ... Read More »
Be the first to comment!Canada-China trade breaks record, as imports hit $100 billion
By Nono Shen, The Canadian Press on February 27th, 2023
VANCOUVER – Trade between China and Canada hit record levels in 2022, with imports breaking the $100-billion mark for the first time, Statistics Canada data show. Economists and others say businesses are looking beyond political tensions between the two countries, as demand ramps up and established supply chains reassert themselves in a post-pandemic world. James ... Read More »
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