Business

Spin Master Corp. announced a deal on Wednesday to buy U.S.-based toy company Melissa & Doug for $950 million US.  Price tag could go up if certain financial targets are met. Spin Master Corp. announced a deal on Wednesday to buy U.S.-based toy company Melissa & Doug for $950 million …

HONG KONG: Hong Kong’s leader said on Tuesday the city would seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister, as the Chinese financial hub looks for more business opportunities in Southeast Asia. Chief Executive John Lee said at a weekly …

BANGKOK: Asian shares have climbed after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer. US futures rose while oil prices fell back slightly after surging on Monday following Israel’s declaration of war on Hamas following its surprise attack from …

Canadian labour union Unifor said on Tuesday it will initiate strikes at General Motors facilities in the country as negotiations with the automaker hit a roadblock.  Strike affects facilities in Oshawa, St. Catharines and Woodstock in Ontario. Canadian labour union Unifor said early on Tuesday it would begin strikes at …

Union workers at Mack Trucks went on strike Monday after voting down a tentative five-year contract agreement that negotiators had reached with the company.  30,000 UAW workers across 22 states now on strike. Union workers at Mack Trucks went on strike Monday after voting down a tentative five-year contract agreement …

Australian-based development and construction companies Southern Infrastructure Pty Ltd. and Kaizen ANZ Pty Ltd. are planning to build and operate a Thorium fueled reactor in the Philippines as alternative renewable sources of hydrogen and nuclear power via a public-private-partnership (PPP) agreement with the Philippine government,  according to the Department of …

BEIJING: Beneath the warm autumn sun, expansive mountains roll out with camel caravans and tourists extending for miles at the Yueya Spring scenic spot in the city of Dunhuang, northwest China’s Gansu province. According to statistics from the municipal department of culture and tourism, over the eight-day holiday that ended …

HONOLULU: The area around the Maui town largely destroyed by wildfire two months ago was scheduled to welcome back travelers on Sunday as the mayor and Hawaii’s governor pushed ahead to restart tourism to boost the economy despite opposition from some Lahaina residents. Five hotels in West Maui were accepting …

Economic data has been surprisingly resilient, but financial markets don’t believe the numbers. What messages and warnings are markets sending — and should we be heeding them?  Economic data has been resilient, but financial markets don’t believe the numbers. Financial markets are not the economy and the economy is not …

The United Auto Workers has decided not to expand its strikes against Detroit’s three automakers after General Motors made a concession on unionizing electric vehicle battery plants.  Factory in Arlington Texas was slated to walk off the job. The United Auto Workers union has decided not to expand its strikes …