Business

Business

U.S. Federal Reserve foresees a potential rate hike as soon as next year

WASHINGTON — The U.S. Federal Reserve signalled Wednesday that it may start raising its benchmark interest rate sometime next year,…

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Business

Broadcasting mogul, arts philanthropist Allan Slaight dead at 90

TORONTO — Canadian broadcasting mogul Allan Slaight, whose support of the country’s arts scene made him a ubiquitous name at…

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Business

Asian shares extend losses as China worries darken sentiment

TOKYO — Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed…

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Auto

Tom Cruise’s Porsche 928 in ‘Risky Business’ sold for nearly $2 million

UPDATE: The Porsche 928 sold this past weekend for a final price of $1,980,000. The text has been updated to…

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Business

Rome court rejects Venezuela extradition bid for ex-oil czar

ROME — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption…

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Business

Hong Kong shares lead Asia lower; Tokyo and Shanghai closed

Shares fell nearly 4% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo…

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Business

‘Not true’: IMF chief Georgieva denies pro-China pressure on World Bank report

WASHINGTON — International Monetary Fund chief Kristalina Georgieva on Friday denied allegations that she pressured World Bank staff to alter…

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Business

Use of OxyContin profits to fight opioids formally approved

A judge formally approved a plan Friday to turn OxyContin maker Purdue Pharma into a new company no longer owned…

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Business

Enbridge ordered to pay US$3 million for Line 3 groundwater leak

ST. PAUL, MINN. — Minnesota regulators have ordered Enbridge to pay more than US$3 million for allegedly violating state environmental…

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Business

Statue honouring mysterious Bitcoin founder unveiled in Budapest

BUDAPEST, HUNGARY — An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the…

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