Economy · 6 d ago
Clusteringcoefficient · CC BY-SA 4.0 · Wikimedia Commons
Oil slips on Iran talks, but Brent stays near US$115
Brent crude fell about 1% on Tuesday to US$114.81 a barrel, while West Texas Intermediate dropped to US$100.88.
Economy
253 stories
The economy and business in short stories.
Economy · 6 d ago
C. Jilli · CC BY-SA 3.0 · Wikimedia Commons
US threatens the EU over a record loan to Airbus
US trade representative Jamieson Greer said the loan puts at risk the 2021 truce over Airbus and Boeing subsidies, which suspended billions in tariffs on both sides. He said his office received no details about it.
Economy · 6 d ago
DUNCAN KIRK from Coeur d'Alene, United States · CC BY 4.0 · Wikimedia Commons
Boeing shares fall about 9% after a cautious production forecast
CEO Kelly Ortberg said 737 MAX output will not reach 52 a month until the second half of 2027, after it first stabilizes at 47 a month.
Economy · 6 d ago
Alan Heardman · CC BY-SA 2.0 · Wikimedia Commons
UK chancellor John Healey delivers his first budget under Prime Minister Burnham
UK inflation has risen to a near one-year high of 3.5 per cent as the Iran war pushes up fuel prices, and the Bank of England is expected to raise rates soon.
Economy · 6 d ago
4300streetcar · CC BY 4.0 · Wikimedia Commons
Asian tech stocks surge after SK hynix reports record profit
SK hynix said third-quarter operating profit soared 632 per cent to US$62.8 billion, its sixth straight quarter of record revenue and profit.
Economy · 6 d ago
Jio shares jump 21% in their market debut after India's biggest IPO
Jio Platforms raised US$3.2 billion in India's largest IPO, which drew more than US$77 billion in investor bids.
Economy · 6 d ago
Saffron Blaze · CC BY-SA 3.0 · Wikimedia Commons
Canada signs a comprehensive trade deal with the UAE
Trade ministers Maninder Sidhu and Thani bin Ahmed Al Zeyoudi signed the agreement Tuesday. Once fully in force, expected in 2027, it cuts or removes tariffs on over 99 per cent of current Canadian exports to the UAE.
Economy · 6 d ago
Geordie.birch · CC BY-SA 4.0 · Wikimedia Commons
Aritzia targets up to $10.5 billion in revenue by 2032
The Vancouver-based retailer expects net revenue of $9.5 billion to $10.5 billion in its 2032 financial year, a compounded annual growth rate of 15 to 17 per cent.