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  • Canada Finds It’s Cheaper to Ship Oil Via Stop in California

    (Bloomberg) -- Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California is making for a longer but potentially cheaper journey.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksSupreme Court Blocks EPA ‘Good Ne

  • Potential China action against EU pork may be double-edged sword for Brazil

    China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media have reported. The potential for additional demand from China as a consequence of any anti-dumping measures is welcome for Brazilian exporters.

  • Exclusive-Poland's Orlen warned three gas companies it could seize Gazprom payments, sources say

    WARSAW (Reuters) -Poland's biggest energy company Orlen warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom, sources familiar with the matter said. The warnings, in letters sent over a month ago, are linked to claims for losses Poland incurred after being cut off from Russian supplies in 2022, two sources with knowledge of the letters told Reuters. Poland was cut off for not paying in roubles as Western nations imposed sanctions on Russia following its invasion of Ukraine.

  • The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

    WASHINGTON (AP) — The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.

  • Banker-Lawyer duo make billions from audacious natural gas bet

    (Bloomberg) -- The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a vast industry while becoming billionaires in the process.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksYouTuber Dr Disr

  • Top 3 TSX Stocks Estimated To Be Trading Below Value In June 2024

    Amidst a landscape where the Canadian market shows resilience with steady economic growth and rising stock values, consumer sentiment remains tepid, reflecting a complex interplay of economic factors. In such an environment, identifying stocks that are potentially undervalued becomes particularly compelling as they may offer opportunities for investors seeking value in a market where broader indices have been performing robustly.

  • People Are Way Off on Predicting How Much They Need for Retirement — Are You?

    The further out you are from retirement, the more difficult it may seem to figure out exactly how much you'll need when that magic day comes. Younger people might not even be thinking about...

  • Huawei smartphone sales see biggest growth in 618 shopping festival, but Apple stays ahead

    Huawei Technologies has emerged as the big winner in China's smartphone market for the recently-concluded midyear 618 shopping festival with the biggest jump in sales and the smallest discounts, according to the latest data from Counterpoint Research. Huawei sales jumped 42.4 per cent during the one-month 618 sales period that started May 20, according to Counterpoint, which attributed the rise to continued strong demand for the company's latest handsets, including those from the Mate 60 and Pur

  • The clock is ticking as Boeing’s 32,000-strong union negotiates to ‘save the company from itself’—even if it takes a costly strike

    Boeing’s employees are battling for a new contract—and it appears management is facing two choices: one bad and the other worse.

  • Top 3 Indian Stocks Estimated To Be Below Market Value In June 2024

    The Indian stock market has shown remarkable growth over the past year, rising by 46%, with earnings expected to increase by 16% annually. In this context, identifying stocks that are potentially undervalued can offer investors opportunities for significant value in a thriving market environment.

  • I’m Planning To Run Out of Money in Retirement — Here’s Why

    The concept of running out of money intentionally in retirement might initially seem a bit strange. After all, we're so often taught the importance of saving, investing and preparing ourselves for...

  • What Trump And Biden Really Mean When They Fight About Electric Vehicles

    The argument is about a lot more than Detroit and cars.

  • Chinese-owned chipmaker Nexperia invests $200 million in European expansion

    AMSTERDAM/HAMBURG (Reuters) -Nexperia, one of the world's largest makers of basic semiconductors such as diodes and transistors, said on Thursday it would invest $200 million to expand capacity at its main production site in Hamburg, Germany. The investment by Dutch-headquartered Nexperia, owned by Chinese electronics maker WingTech, is a rare example of a computer chip investment made in Europe without assistance from state subsidies under the EU's Chips Act launched in 2023. It also comes as the European Union is considering whether China is unfairly subsidising domestic Chinese production of simple "legacy" chips, found in cars, electric systems, smartphones and industrial applications.

  • Exxon Backs EV Demand Growth to Turn Its Lithium Bet Into a Win

    (Bloomberg) -- Exxon Mobil Corp. said lithium demand will grow despite a years-long slump in prices, a scenario that would help its traditional oil business co-exist with a foray into producing the battery material that’s key for electric vehicles.Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVolkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureTrump Could Actually Lose Florida. Here’s Why.Nvidia Rout Takes Breather as Trader

  • Report says foreign workers in construction need more rights

    A construction trade union group says Canada's immigration system is failing both to prevent imminent labour shortages on B.C. job sites and to protect many of the people who come to do construction work.The B.C. Building Trades Council released a report Wednesday arguing both federal and provincial governments are not attracting enough international tradespeople to join the workforce, and those who do come are often coming through temporary programs that afford less pay and fewer rights."The sh

  • The List of Money Managers Dumping Oil Stocks Just Got Longer

    (Bloomberg) -- There’s a growing list of institutional investors in Europe who are stripping oil and gas stocks out of their portfolios, in a move they say reduces the risk of ending up with stranded assets and financial losses.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionBolivia’s President Arce Swears in New Army Chief After Coup BidChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksSu

  • Hong Kong a unique proving ground for DeFi, metaverse, HKIMR studies show

    Hong Kong possesses unique competitive advantages to develop decentralised finance (DeFi) and the metaverse as these blockchain technologies continue to evolve, according to two surveys by a government-backed body. The city's advantages, based on surveys on DeFi and the metaverse with financial institutions, include a well-defined legal and regulatory framework, business-friendly environment, robust financial infrastructure and network, and highly skilled talent. The emerging DeFi and metaverse

  • Boeing wants you to feel safe on its planes. It's working to fix safety in its factories.

    In a tightly choreographed media open house of its Renton, Washington, manufacturing facility, Boeing said it’s facing its safety challenges head-on.

  • J.D. Power 2024 U.S. Initial Quality Study: American car makers fare well in major study

    The Big Three automakers took high marks in J.D. Power's Initial Quality Study. See where your favorite car brand ranked.

  • Tencent's Roco Kingdom: World among 104 new video games approved by Beijing in June

    China this month approved 104 new video games from mainland developers, including titles from internet giants Tencent Holdings and Alibaba Group Holding. The latest titles given the go-ahead by the National Press and Publication Administration (NPPA) included Tencent's online role-playing game Roco Kingdom: World, and Ruyuan from Alibaba studio Lingxi Games, according to a post on the regulator's website on Tuesday. Alibaba owns the South China Morning Post. This month marked a rebound for China