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Corporate News 16 Jun 2018 | 1:06 AM

International fund managers turn to financials, tech as trade worries rise

NEW YORK: The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge as winners.

Corporate News 16 Jun 2018 | 12:55 AM

At odds with Trump over trade, Canadians say they will avoid US goods

OTTAWA: Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday.

Markets 12 Jun 2018 | 1:16 AM

US$ rises, stocks cautious before US-North Korea summit

SYDNEY: The dollar jumped to a 3-week top on Tuesday while Asian shares started cautiously as investors were hopeful of a positive outcome from a highly anticipated U.S.-Korea summit, which could set the stage for ending a nuclear stand-off on the Korean peninsula

Markets 11 Jun 2018 | 10:37 PM

Wall Street ekes out gains ahead of Singapore summit

NEW YORK: All three major U.S. stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend's factious meeting of the Group of Seven nations.

Markets 11 Jun 2018 | 1:26 AM

Asia stocks edge up after G7; summit, central bank meetings eyed(Update)

TOKYO: Asian stocks moved gingerly on Monday as a weekend G7 summit fanned trade conflict fears after U.S. President Donald Trump backed out of a joint communique in a blow to the group's efforts to show a united front.

Economy 05 Jun 2018 | 12:00 AM

Showdown with Trump in Quebec

WASHINGTON: President Donald Trump is headed for a showdown with America’s allies at a Group of Seven (G-7) summit this week in Quebec, with the European Union and Canada threatening retaliatory measures unless he reverses course on new steel and aluminium levies.

Corporate News 31 May 2018 | 11:06 PM

Fear of global trade war re-ignited

WASHINGTON/PARIS: Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminium imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war.

Business 31 May 2018 | 12:00 AM

Trudeau plays longer game against ‘ruthless’ US bottom line

TORONTO: Justin Trudeau wants to build a Canadian economy that will thrive a decade or more from now – if that means losing a short-term edge to Donald Trump, so be it.

Auto 07 May 2018 | 12:00 AM

Toyota bets US$1.1bil on SUVs in Canada with Trudeau’s help

OTTAWA: Toyota Motor Corp is investing C$1.4bil (US$1.1bil) in its Canadian operations to build traditional and hybrid RAV4 sport utility vehicles, banking on the nation’s manufacturing sector amid a cloud of uncertainty from Nafta talks.

Commodities 01 May 2018 | 2:08 AM

Trump postpones decision on metals tariffs for Canada, EU, Mexico

WASHINGTON: U.S. President Donald Trump has postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said on Monday.