Business

WASHINGTON, D.C.: US Treasury Secretary Janet Yellen said on Monday it is too early to gauge the economic impact from an ongoing, historic strike at three top car manufacturers. “It’s premature to be making forecasts about what it means for the economy,” she said in an interview on CNBC, adding …

Unifor and Ford have reached a tentative contract deal, averting a strike that would have seen around 5,600 Canadian workers hit the picket lines, and providing a roadmap for an agreement for thousands of other autoworkers employed by General Motors and Stellantis.  Contract deal comes a day after strike deadline …

A former president and CEO of Sobeys is being remembered today for his role in transforming the Stellarton grocer from a regional business into a multi-billion dollar company.  Condolences rolling in for former chairman and president of Sobeys Inc. A former president and CEO of Sobeys Inc. is being remembered …

SHANGHAI: US firms in China are reporting “record-low” optimism and increasingly looking to move investment away from the country, a business group said on Tuesday, as slowing growth and geopolitical tensions hurt investor confidence. The findings by the American Chamber of Commerce (AmCham) Shanghai come as the government enacts a …

WASHINGTON, D.C.: The United Auto Workers (UAW) chief warned on Sunday (Monday in Manila) that a historic strike at the top three car manufacturers will expand if the companies do not raise their wage offers in ongoing negotiations. Stellantis, one of the three, had offered its workers what it called …

Bank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada’s third-largest bank said.  Move will result in unspecified number of layoffs. Bank of Montreal (BMO) is winding …

After a brief retirement, Heather Reisman has been reinstated as CEO of Indigo, the book retailer she founded almost 30 years ago.  Founder had announced her retirement this summer before her successor abruptly resigned. After a brief retirement, Heather Reisman has been reinstated as CEO of Indigo, the book retailer …

HONG KONG: Asian markets started the week limply on Monday following a sell-off on Wall Street, with focus turning to the Federal Reserve’s keenly awaited key policy decision. Traders were a little more cautious after the healthy close to last week that was fueled by another batch of positive Chinese …

WASHINGTON: High-wire talks between striking US workers and automotive giants are in a “critical phase,” Jeep-maker Stellantis said Saturday (Sunday in Manila), as politicians staked out positions on a labor issue that could have national impact. Stellantis, together with fellow “Big Three” automakers General Motors and Ford, was hit Friday …

BEIJING: Police in China have arrested several employees of a subsidiary of troubled Chinese property giant Evergrande, authorities said Saturday. Employees at Evergrande’s financial subsidiary, Evergrande Wealth Management, were arrested, police in the southern city of Shenzhen said in a statement, without specifying the number of employees or the charges …