Markets

ZTE inches closer to resuming business in US

ZTE inches closer to resuming business in US Once the company deposits $400 million into the account, it will no longer be prohibited from doing business with US companies. "Once the monitor is selected and brought on board, the three-pronged compliance regime - the new 10-year suspended denial order, the $400 million escrow, and the monitor - will be in place", Commerce said in the statement. [Full Article...]

S.Africa’s Woolworths recalls frozen savoury rice…

S.Africa’s Woolworths recalls frozen savoury rice… We have not received any complaints. She adds the decision to recall the products is a precaution based on instructions of the European Union (EU). Customers who have purchased the products are urged to return the product to their local store for a full refund. [Full Article...]

Brexit White Paper 'falls far short of what Scotland needs'

Brexit White Paper 'falls far short of what Scotland needs' The long-awaited document proposes keeping Britain and the European Union in a free market for goods, with a more distant relationship for services. Late previous year May criticised him for retweeting a message by a member of a British far-right group and the speaker of Britain's parliament has said Trump would not be welcome to address it. [Full Article...]

Ryanair pilots' strike after last-ditch talks fail

Ryanair pilots' strike after last-ditch talks fail Ryanair released a statement on Tuesday afternoon confirming that 30 of 290 of Thursday's flights would be cancelled in an effort to alleviate stress on Ryanair staff. According to a statement from Ryanair, the meeting lasted for seven hours. However, there has been no significant progress, with pilot unions claiming that Ryanair isn't taking them or their demands seriously. [Full Article...]

Broadcom to buy CA Technologies in $19B deal

Broadcom to buy CA Technologies in $19B deal Chip maker Broadcom said that it will acquire software vendor CA Technologies in an all-cash deal that's valued at US$18.9 billion (A$25 billion), confirming earlier reports that the acquisition announcement was imminent. Under Chief Executive Officer Hock Tan, Broadcom has transformed itself through a string of acquisitions into one of the world's largest chipmakers. [Full Article...]

HuffPost Verdict: Theresa May's White Paper Pleases Neither Brussels Nor Brexiteers

HuffPost Verdict: Theresa May's White Paper Pleases Neither Brussels Nor Brexiteers Parts of his speech that he might have hoped would raise cheers from his own party, seated behind him - on leaving the EU's customs union and single market - were heard in silence. However, the financial services industry attacked the government, describing the white paper as a "real blow" for the sector. "We will protect this single market, which is based..." May is also likely to have a to... [Full Article...]

Bank of Canada Hikes Interest Rate to 1.50%, CAD Climbs in Response

Bank of Canada Hikes Interest Rate to 1.50%, CAD Climbs in Response Poloz said despite the combined effects of the metals levies, and earlier US tariffs on products like softwood lumber, the bank still projects Canadian growth to average a promising level of two per cent over the next few years, just slightly above its potential and with inflation already on target. [Full Article...]

London home prices still skyrocketing, new study shows

London home prices still skyrocketing, new study shows Royal LePage chief executive officer Phil Soper said the spring market "never blossomed" but he expects the second half of the year to be stronger as buyers adjust to the new mortgage stress-test rule that took effect January 1. Home prices in Canada are expected to rise significantly in the second half of 2018 after appreciation slowed at the start of this year, a report from Royal LePage says... [Full Article...]


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