Canadian stocks retreated after U.S. President Donald Trump imposed tariffs on Canadian steel and aluminum imports, while the loonie weakened as GDP grew at the slowest pace in almost two years.
The S&P/TSX Composite Index lost 21 points or 0.1 percent to 16,027.45 at 9:52 a.m. in Toronto, the benchmark’s seventh decline in eight sessions. Energy shares fell 0.4 percent as crude....More>>>
Masayoshi Son, the founder and chief executive officer of SoftBank Group Corp., is already thinking about his next $100 billion venture — a version 2.0 of the world’s biggest technology fund, according to people familiar with the matter.
The Japanese entrepreneur has held preliminary discussions with investors about committing to a second fund as early as 2019, the people said,....More>>>
One of our favorite whipping boys just received more bad news… For the past several months, wireless carriers Sprint (S) and T-Mobile (TMUS) – the third- and fourth-largest companies in the industry – have been in merger talks. A joint entity would have boasted more than 130 million U.S. subscribers. That still would have come in third behind Verizon (VZ)....More>>>
China’s economy showed signs of losing steam in May, with an unexpected slowdown in factory output and lackluster investment and consumption.
Industrial output rose 6.8 percent in May from a year earlier, versus a projected 7 percent in a Bloomberg survey, which was also the reading in AprilRetail sales expanded 8.5 percent from a year earlier, versus a forecast 9.6 percentFixed-asset....More>>>
Wall Street brokerages expect that Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) will report earnings of $1.35 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bank of Nova Scotia’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.38. Bank of Nova Scotia posted earnings of $1.27 per share during the same quarter....More>>>