China to start selling long-dated bonds

BEIJING – China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced on Monday, as Beijing looks to increase support for the world's second-largest economy. The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of …

Read More »

Microsoft, Amazon to invest in French tech

PARIS – Microsoft on Sunday announced 4 billion euros in investment for developing data centers in France, joining fellow US giant Amazon in committing to the country's tech infrastructure. The announcements came on the eve of the seventh Choose France Summit, the aim of which is to attract foreign investors …

Read More »

Emirates posts record $5.1B annual profit

DUBAI – Dubai's Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. Citing strong customer demand, it said group profits for the past two years hit $8.1 billion, surpassing …

Read More »

Luxury retailer Ted Baker begins store-closing liquidation sales

Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month. Brooks Brothers, Lucky Brand also affected after insolvency hearings last month Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started …

Read More »

Billionaire businessman Arthur Irving dead at 93

Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93. Second son of K.C. Irving ran Canada’s biggest oil refinery in Saint John Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada's largest oil refinery, has died at the …

Read More »