Business

The union hasn’t posted final vote totals yet, but workers at five large factories who finished voting in the past few days have turned down the four year and eight month deal by fairly large margins.  However, UAW president says the deal remains on track for approval. A tentative contract …

Canada’s housing market has gone into winter hibernation early this year, the group that represents realtors said Wednesday, with new data for October showing fewer sales, fewer new listings, and selling prices mostly flat.  Buyer’s market in Ontario and British Columbia, economist says. Canada’s housing market has gone into winter …

NEDA Secretary Arsenio Balisacan  The National Economic and Development Authority (NEDA) said Wednesday it released the implementing rules and regulations (IRR) of Republic Act No. 11927, or the Philippine Digital Workforce Competitiveness Act, following a series of consultations with government agencies, private sector representatives and other stakeholders. It said the …

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 …