Archive For The “Business” Category

CN Rail posts profit bump, raises 2017 outlook, thanks to Western grain

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MONTREAL—Canadian National Railway raised its outlook for the year after profits increased 12 per cent on record first-quarter volumes, helped by an increase in Western Canadian grain.The Montreal-based railway said Monday it expects to earn between $4.95 and $5.10 per adjusted diluted share for the year, an increase of eight to 11 per cent from…

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Ottawa wont take immediate action on new U.S. softwood lumber duties

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Ottawa wont take immediate action on new U.S. softwood lumber duties

MONTREAL—Ottawa has talked with provinces about helping Canada’s forestry sector, but won’t act swiftly once the U.S. imposes duties on softwood lumber imports, says a government source.“Any determination really can’t be made until we’ve seen what the rate and penalty will be,” said an official who declined to be identified because they were not authorized…

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American Airlines attendant ‘nearly hit baby’ as he snatched pushchair

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Olivia Morgan said she saw the incident occur before a Friday flight from San Francisco to Dallas. It does not show what happened beforehand.The incident comes less than two weeks after video of a man being violently dragged off a United Express flight sparked widespread outrage.A passenger who posted a description of the latest incident…

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International Monetary Fund raises Portugal GDP growth projections to 1.7%

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It kept the 2018 forecast for global economic growth unchanged at 3.6 percent.Despite positive signs of growth in Europe, with the forecast for the area revised up by 0.1 percentage points to 1.7%, the International Monetary Fund predicted political uncertainty could have an effect on economic activity. The deficit would be on the upward trend…

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Lower your personal debt ceiling; get your life back: Vaz-Oxlade

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Lower your personal debt ceiling; get your life back: Vaz-Oxlade

Ask some people what their debt ceiling is (the most amount of consumer debt they’d be willing to take on), and they’ll tell you, “As much as I can borrow.”My personal debt ceiling is zip, zero, zilch. But in a world where people have grown up surrounded by plastic, where they’ve watched their parents use…

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Maruti Suzuki Dzire launch in May, sketch unveiled

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Earlier, the Maruti Suzuki DZire Tour was sold in a diesel version, however, the new vehicle will now also be offered with a 1.2-litre K-Series petrol engine that produces 84 hp of power and 114 Nm of torque.The country’s top automaker yesterday confirmed introduction of the 2017 DZire even before the updated hatchback Swift will…

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Trump Suggests Terrorism Will Potentially Be Beneficial For Le Pen

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Trump Suggests Terrorism Will Potentially Be Beneficial For Le Pen

He also pledged to rise to the security challenges of the presidency and accused those responsible for such attacks of wanting “death, symbolism, to sow panic, to disrupt the democratic process”. Some political commentators speculated the attack may give a boost to Marine Le Pen, the far right populist who says immigration threatens France’s security…

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OPEC production cut deal appears to be holding

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OPEC production cut deal appears to be holding

Oil dropped the most in six weeks after a report showed USA gasoline supplies increased for the first time since February, while crude output keeps rising.Data released Wednesday by the Energy Information Administration (EIA) showed that USA commercial crude inventories decreased by one million barrels from one week ago, falling to 532.3 million. Crude inventories…

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Polls open for first round of French presidential vote

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However, the first round of polling appears to show that centre-left candidate Emmanuel Macron and Marine Le Pen could enter the second round of voting, which will decide who will become France’s next president.The election is also widely seen as a vote on the future of the European Union – with most of the candidates…

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IMF members delete anti-protectionism pledge, keep currency commitments

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IMF members delete anti-protectionism pledge, keep currency commitments

But on Saturday, chair of the the International Monetary and Financial Committee (IMFC) Agustin Carstens said members would “work together” to reduce global trade and current account imbalances “through appropriate policies”.”Instead of dwelling on what that concept means, we managed to put it in a more positive, more constructive framework”, Carstens told a news conference….

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