Day: 26 November 2020

Venezuela judge convicts 6 American oil execs, orders prison

CanadianInvestor
Venezuela judge convicts 6 American oil execs, orders prison
  CARACAS, Venezuela — Six American oil executives held for three years in Venezuela were found guilty of corruption charges by a judge Thursday and immediately sentenced to prison, dashing hopes of a quick release that would send them home to their families in the United States. Some relatives had been bracing for the disheartening outcome, which came on the... Read More

S&P/TSX composite rises, materials stocks climb amid slight uptick in gold and copper

CanadianInvestor
S&P/TSX composite rises, materials stocks climb amid slight uptick in gold and copper
  TORONTO — Canada’s main stock index climbed higher in light trading, as materials stocks benefited from a slight uptick in gold and copper prices. The S&P/TSX composite index was up 38.27 points at 17,351.34. The increase came as U.S. stock markets were closed for the Thanksgiving Day holiday. The Canadian dollar traded for 76.85 cents US compared with 76.91... Read More

France resumes tax on tech giants, seeks deal with US

CanadianInvestor
France resumes tax on tech giants, seeks deal with US
  PARIS — France is resuming collection of a special tax on Big Tech companies like Amazon and Facebook despite the threat of U.S. retaliatory tariffs on French Champagne, cheese, handbags and other goods. The tax brought about 400 million euros to the French budget last year, but the government agreed to suspend it in 2020, in exchange for an... Read More

‘A captive market:’ U.S. border closure keeps Black Friday shoppers in Canada

CanadianInvestor
‘A captive market:’ U.S. border closure keeps Black Friday shoppers in Canada
  Cross-border shopping is a quintessential part of Black Friday for some Canadians. But with the Canada-U.S. land border closed to non-essential travel to limit the spread of COVID-19, hopping over the border for holiday shopping isn’t an option this year. For Canadian retailers, the closure has created a captive market — at least for in-store shopping. “In previous years,... Read More

Teck Partners to Launch Copper & Health Hospital Study in Chile

Editor
Teck Partners to Launch Copper & Health Hospital Study in Chile
SANTIAGO – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced today that it is expanding its Copper and Health program to Chile, partnering with leading national health professionals and academics on a pilot project at the Iquique Hospital. Researchers from Universidad del Desarrollo (UDD) and Núcleo Milenio MICROB-R, with funding from Teck, will conduct a study of copper... Read More

Black Friday takes on ‘existential moral dimension’ amid pandemic

CanadianInvestor
Black Friday takes on ‘existential moral dimension’ amid pandemic
HALIFAX — One of the biggest shopping days of the year is here, just as public health officials impose tighter restrictions in an effort to slow the second wave of the COVID-19 pandemic. The confluence of Black Friday and rising COVID-19 cases has added what experts are calling an “existential moral dimension” to a retail event that has gradually become... Read More

Barrick listed again in Dow Jones Sustainability Index

Editor
Barrick listed again in Dow Jones Sustainability Index
  TORONTO – Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) has retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI) World Index, ranking in the 95th percentile of all mining companies assessed. This is the 13th consecutive year Barrick has been listed in the World Index, in which 2,500 companies are evaluated against governance, social performance, environmental management, and... Read More

Tech and metals and mining help S&P/TSX composite edge higher in early trading

CanadianInvestor
Tech and metals and mining help S&P/TSX composite edge higher in early trading
  TORONTO — Canada’s main stock index edged higher in early trading, boosted by gains in the technology and metals and mining sectors. The S&P/TSX composite index was up 3.61 points at 17,316.68. U.S. stock markets were closed for the Thanksgiving Day holiday. The Canadian dollar traded for 76.88 cents US compared with 76.91 cents US on Wednesday. The January... Read More