Markets
Singapore slashes 2019 GDP growth forecast after sharp Q2 contraction
The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. Singapore, often seen as a bellwether for global growth, has been hit hard by the Sino-U.S. trade war which has disrupted world supply chains in a blow to business investment and corporate profits. [Full Article...]
Man accused of sinking BMW gift because he wanted a Jaguar
The Deccan Herald reported that no charges have been filed against Akash , with officials claiming he has a "mental deficiency" and is now undergoing treatment. However, after giving it a second thought, and perhaps realizing what a jerk he was, the man dove in with others to help rescue the auto. Despite struggling to overcome chronic poverty among large swathes of the population, India is e... [Full Article...]
Businessman Jim Pattison makes bid to take Canfor private
Great Pacific said it would be willing to acquire all outstanding common shares of Canfor (excluding those already directly or indirectly owned by Great Pacific ) at a price of $160 per common share. analyst Paul Quinn. Some other lumber and pulp companies in the region rallied on the news. British Columbia production has been facing headwinds this year following record high prices in 2018... [Full Article...]
CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada
CannTrust Ontario facility gets non-compliant rating from Health Canada
North American markets started another week in the hole on persistent concerns about a trade war between the USA and China and lower yield curves. The wild ride for CannTrust Holdings Inc . Markets Insider is looking for a panel of millennial investors. This latest development is just the latest in a string of bad news for CannTrust . [Full Article...]
Air Canada raises Transat purchase offer to C$720 mln
The increased bid is "highly likely" to receive shareholder approval, Altacorp Capital analyst Chris Murray noted to clients Monday. "Air Canada has locked up the main shareholders, and it looks like Groupe Mach's attempt has been put to bed". [Full Article...]
Nike Adventure Club Release Info
Perhaps more importantly for Nike , its kids' sneaker club allows the company to test out the subscription market and potentially apply it to its adult shoppers. Bottom line: The program serves kids from sizes 4C through 7Y (roughly from age two to 10). The guides are a collaborative partnership between Nike and KaBoom, a national nonprofit focused on encouraging kids to lead active, healthy... [Full Article...]
Verizon selling Tumblr to Automattic, the owner of WordPress.com
Personal blogging social network Tumblr - a waning haven for artists and fandoms - will exit the portfolio of current owners Verizon and be parted off to Automattic Inc., owners of Wordpress , another blogging platform with social elements, according to the Wall Street Journal . [Full Article...]