Business

The U.S. inflation rate increased at a 3.2 per cent annual pace last month, lower than September’s level of 3.7 per cent and lower than economists were expecting. Prices didn’t budge at all in October. Inflation in the United States slowed last month in a sign that the Federal Reserve’s …

The Royal Canadian Mint revealed the design of its new coins during a news conference at its Winnipeg plant on Tuesday. Small number of 2023-dated coins to circulate in early December. The first Canadian coins featuring the face of King Charles were unveiled in Winnipeg on Tuesday, the King’s 75th …

Vancouver-based Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at $9 billion US and will see Swiss commodities giant Glencore acquire a majority ownership. Board chair says deal unlocks value for Vancouver-based miner’s shareholders, supports responsible steelmaking. Teck …

The average asking price for a rental unit in Canada reached $2,178 last month, a 9.9 per cent year-over-year increase and continuing a trend that has seen asking rents hit new highs for six months in a row.  Average rent for one-bedroom in Canada reached $1,906 in October; in Vancouver …

Globe Telecom president and chief executive Ernest Cu and GCash president and chief executive Martha Sazon are joining a panel discussion on “Building Unicorns: An ASEAN Success Story” at the Insights stage of Singapore Fintech Festival.  Mynt, the operator of mobile wallet GCash, posted a 149-percent growth in net earnings …

The Canadian mining company whose Panamanian copper mine has sparked massive protests in the country says it is scaling back operations at the facility due to a port blockade.  Mine opposition has become flashpoint for broader opposition to government and inequality. The Canadian mining company whose Panamanian copper mine has …

TOKYO—Japanese conglomerate Marubeni Corp. expressed interest in investing in consumer-related businesses targeting the rising middle-income group in the Philippines. “We plan to venture into more consumer-related opportunities, enhancing the well-being of the Filipinos in the middle class,” Marubeni general manager for Asia and Oceania at regional planning and coordination department …

Pedestrians walk past an electronic quotation board displaying share prices of the Nikkei 225 Index (R, top) and other Asian markets in Tokyo on March 5, 2020. (Kazuhiro NOGI / AFP)  HONG KONG, China — Asian markets were mixed Monday ahead of key US inflation data later in the week, …

BEIRUT: The olives massively planted in southern Lebanon are ripening in time following a sun-soaked summer, awaiting to be harvested in bulk. But local farmers have resignedly hesitated at the chance that Israeli military drones, which kept loitering near the Lebanese border areas, might mistake the rustles of crops being …

Globe Telecom Inc. said over the weekend its download and upload speeds improved in 19 strategic locations in the third quarter of 2023.  “The significant enhancements in our connectivity speeds underline Globe’s unwavering commitment to our customers,” said Raymond Policarpio, vice president of Globe At Home brand management. “As we …