WASHINGTON (Reuters) – Canada has extradited an alleged drug trafficker on the United States’ “ten most wanted” list to face federal charges in Michigan, the U.S. Department of Justice said on Friday. The suspect, dual Canadian-Laos citizen Khaophone Sychantha, was first indicted in the U.S. in 2005 and again in 2013, then charged in three…
By Allison Lampert, Abhijith Ganapavaram and Valerie Insinna MONTREAL/WASHINGTON (Reuters) – The CEO of Canadian aerospace supplier Abipa International would not negotiate further when a potential customer recently pressed for additional price cuts on components used in areas like engines and landing gear. That stance by CEO Jean Blondin is one that more and more…
(Reuters) -Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth in both health and protection sales,” as consumers prioritized health and financial security. Sun Life…
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy. The number of…
By Chris Prentice WASHINGTON (Reuters) -U.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees’ use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. market regulators….
(Reuters) – Shares of pot companies were trading higher on Thursday as the U.S. Senate Banking Committee prepares to discuss the SAFE Banking Act, a crucial legislation that would make it easier for the cannabis industry to access banking services. If the bill advances through the committee stage, it would be voted by the Senate…
By Matt Spetalnick, David Brunnstrom and Michael Martina WASHINGTON (Reuters) -China is facing a growing backlash from the United States and other Western governments over its controversial efforts to pressure dissidents and their advocates abroad, but Beijing has appeared undeterred. Authorities in the U.S., Canada, Britain and elsewhere recently have taken a hard line,…
By Jonathan Stempel (Reuters) – Berkshire Hathaway-owned Dairy Queen is exploring options to expand in new markets, perhaps including Taiwan, the company’s CEO said, even as geopolitical concerns with China simmer. Owned by Warren Buffett’s Berkshire Hathaway since 1998, the fast-food chain counts China as its second-largest market, operating more than 1,250 stores there out…
By Laura Matthews NEW YORK (Reuters) – The dollar remained stable against a basket of currencies on Wednesday as data showed inflation slowed slightly more than expected last month but gave traders little clarity on the U.S. monetary policy outlook. A U.S. Labor Department report on Wednesday showed the annual increase in consumer prices dipped…
NEW YORK (Reuters) – North American coffee shop chain Tim Hortons will enter the retail market in South Korea later this year, its parent company Restaurant Brands International said in a statement on Wednesday. The company said the new stores in the Asian country, one of the fastest growing coffee markets in the world, would…
