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4 hours Zoom plans to roll out strong encryption for paying customers only Financial Post       

SAN FRANCISCO — Zoom, the video conferencing provider whose business has boomed with the COVID-19 pandemic, plans to strengthen encryption on video calls made by paying clients and institutions like schools, but not for users of its popular free accounts, a company official said Friday. The company previewed its intentions on a call with civil […]

4 hours Organic Garage Reports Year-end Results for Fiscal 2020 Financial Post       

TORONTO — Organic Garage Ltd. (“Organic Garage” or the “Company”) (TSX-V: OG) has released the Company’s annual audited financial results for its year ended January 31, 2020. The Company’s audited annual consolidated financial statements for the Company, including the operating company and all subsidiaries and related management’s discussion and analysis for the period, are available […]

5 hours Trump cutting U.S. ties with World Health Organization over virus Financial Post       

WASHINGTON/UNITED NATIONS — The United States will end its relationship with the World Health Organization over the body’s handling of the coronavirus pandemic, U.S. President Donald Trump said on Friday, accusing the U.N. agency of becoming a puppet of China. The move to quit the Geneva-based body, which the United States formally joined in 1948, […]

5 hours Wall St ends mostly higher as U.S.-China spat simmers Financial Post       

U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered a second straight month of […]

5 hours Occidental cuts dividend to a penny; shares dive 5% Financial Post       

Occidental Petroleum Corp cut its quarterly dividend to just a penny per share on Friday after having slashed it 86% in March to save cash after a historic plunge in oil prices. The oil and gas producer’s shares fell 5% to $12.95 and have lost nearly 70% of their value this year. Occidental has been […]

5 hours Greenlane Renewables Announces Vice President Appointments Financial Post       

VANCOUVER, British Columbia — Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSXV: GRN) announces the appointment of Dale Goudie as Vice President, Technology and Product Management and Jim Bornholdt as Vice President, Purchasing, Project Management and Quality, Health, Safety and Environment (or QHSE). “Since both joining the team in 2018, Dale and Jim have been […]

6 hours United Airlines cutting 13 top jobs, adding int’l flights in July Financial Post       

United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic. Chicago-based United said it is increasing trans-Atlantic service from Washington, D.C. and San Francisco to cities across […]

6 hours Southwest Airlines CEO sees low-fare environment when traffic returns Financial Post       

Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a “brutal low-fare” environment when traffic returns after coronavirus-induced restrictions ease. “There are far more airplane seats right now, and there will be for some time, than there are customers,” he said in a video message. “Our low-cost philosophy, strategy and structure […]

6 hours Bulls Driving Canada Stocks Higher Ask: What’s the Alternative? Financial Post       

(Bloomberg) — Two months from the one of the worst routs in Canadian stock market history and the bulls are completely in charge. The reasons are plentiful, they say: It was a violent selloff in March. High quality companies with strong balance sheets make up a good portion of the S&P/TSX Composite Index. Billions of […]

6 hours Sen. Cruz seeks federal Twitter probe as Trump feuds with company Financial Post       

WASHINGTON — U.S. Senator Ted Cruz on Friday urged the Treasury and Justice Departments to investigate whether Twitter, which is embroiled in a feud with the White House, is violating U.S. law by letting top Iranian officials use the social media platform. Cruz, a Republican ally of President Donald Trump, wrote a letter asking the […]

6 hours Brazil Overtakes Spain in Deaths, U.S. to Quit WHO: Virus Update Financial Post       

(Bloomberg) — The U.S. is quitting the World Health Organization after President Donald Trump said the agency was complicit with China in concealing coronavirus risks. Brazil overtook Spain to rank fifth in the world in deaths. New York City, which has 12% of U.S. cases, will finally start reopening on June 8. The outbreak in […]

6 hours U.S. Case Rise Is Steady; Mumbai Hospitals Swamped: Virus Update Financial Post       

(Bloomberg) — The U.S. is quitting the World Health Organization after President Donald Trump said the agency was complicit with China in concealing coronavirus risks. New York City, which accounts for 12% of U.S. cases, will finally start reopening on June 8. Toronto’s biggest employers are keeping office staff working from home until at least […]

6 hours Trump backpedals after ‘shooting’ threat to Minneapolis rioters Financial Post       

WASHINGTON — U.S. President Donald Trump on Friday tried to walk back a Twitter threat to respond with deadly force to three days of violent protests in Minneapolis over the police killing of an unarmed black man. After his online comment that “looting leads to shooting” drew a warning from Twitter and widespread condemnation from […]

6 hours In broadside against China, Trump moves toward ending Hong Kong privileges Financial Post       

WASHINGTON/HONG KONG — President Donald Trump on Friday ordered his administration to begin the process of eliminating special U.S. treatment for Hong Kong to punish China, but stopped short of an immediate end to the territory’s cherished privileges that have helped it remain a global financial center. In making the announcement, Trump used some of […]

7 hours UK helps employers with slow phase-in of job shield costs Financial Post       

LONDON — British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions by them to the government’s hugely expensive wage subsidy scheme. The government has been paying since March 80% of the wages of workers who are temporarily laid […]

7 hours Moderna starts dosing patients in mid-stage coronavirus vaccine study Financial Post       

Moderna Inc said on Friday it had started dosing patients in a mid-stage study with its experimental coronavirus vaccine and eventually plans to enroll 600 patients for the trial. There are currently about 10 coronavirus vaccines being tested in humans and experts have predicted that a safe and effective vaccine could take 12 to 18 […]

7 hours Megacap Algo Trade Taking Lumps Right After Everyone Piled In Financial Post       

(Bloomberg) — If there was one thing money managers believed heading into Memorial Day, it was that owning America’s algorithmically powered tech superstars was the surest bet for navigating the crisis. A week later, the strategy is showing signs of wavering. It’s typical of 2020’s topsy-turvy market that the thing creating concern for these consumer-oriented […]

7 hours Adya Announces Changes to Board Financial Post       

TORONTO — Adya Inc. (“Adya” or the “Company”), (TSX-V: ADYA) today announces changes to the board of directors. The Company regretfully announces the resignation of Ms. Jasmin Ganie-Hobbs from the board of directors of the Company due to an unforeseen potential conflict of interest with an Adya operating subsidiary. Mr. Samer Bishay, CEO, commented “We […]

7 hours POSaBIT Inc. Provides Update on Release of Annual Financial Statements and Related Disclosures for Fiscal Year 2019 Related Disclosures Financial Post       

SEATTLE — POSaBIT Inc. (CSE:PBIT) announces an update on the filing of its Annual Financial Statements and related Disclosures (the “Annual Disclosures”) for the year ended December 31, 2019. The Company is continuing to work diligently and expeditiously with its auditors, and anticipates that the Annual Disclosures will be filed by June 13, 2020. POSaBIT […]

7 hours Conic Provides Update on Timing of Reporting of Q1 2020 Financial Results Due to Delays Caused by COVID-19 Financial Post       

TORONTO — Conic Metals Corp. (“Conic” or the “Company”) (TSXV:NKL) today provided an update on timing of the release and filing of its financial results for the period ended March 31, 2020. In response to the ongoing global COVID-19 pandemic, the Canadian Securities Administrators have recently announced temporary blanket relief allowing market participants an additional […]

7 hours Chilean regulator approves Uber’s purchase of Cornershop grocery app Financial Post       

SANTIAGO — Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods. Uber said in late 2019 it would buy a majority stake in the […]

7 hours U.S. Cases Rise 1.2% for Third Day; NYC to Reopen: Virus Update Financial Post       

(Bloomberg) — U.S. President Donald Trump will sever ties with the World Health Organization, which he said failed to provide accurate information on the virus. New York City, last of the state’s regions to remain in lockdown, will start reopening on June 8, Governor Andrew Cuomo said. Toronto’s biggest employers agreed to keep office staff […]

7 hours Stocks rebound on relief at Trump’s response to China over Hong Kong Financial Post       

NEW YORK — A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China. Trump said China broke its word over Hong Kong’s autonomy but did […]

7 hours In broadside against China, Trump moves toward erasing Hong Kong privileges Financial Post       

WASHINGTON/HONG KONG — U.S. President Donald Trump said on Friday he was ordering his administration to begin the process of eliminating special treatment for Hong Kong to punish China for its plans to impose new security legislation there, a potential bombshell for the territory’s status as a global financial center. In making the announcement at […]

8 hours UN agency task force urges uniform approach to flying during coronavirus Financial Post       

MONTREAL/CHICAGO — A United Nations aviation-led task force is urging airlines, airports and countries to come up with a uniform approach to flying safely during the coronavirus pandemic, although it stopped short of providing specific requirements for the hard hit industry’s recovery. “States and industry need to work together to put in place harmonized or […]

8 hours Trump says terminating US relationship with World Health Organization over virus Financial Post       

WASHINGTON/UNITED NATIONS — U.S. President Donald Trump on Friday said he is terminating the U.S. relationship with the World Health Organization over its handling of the coronavirus, saying the WHO had essentially become a puppet organization of China. Appearing in the White House Rose Garden, Trump went ahead with repeated threats to eliminate American funding […]

8 hours Ecuador repays $1 bln in loans from Goldman, Credit Suisse Financial Post       

QUITO — Ecuador in April repaid $1 billion of loans made two years earlier by Goldman Sachs and Credit Suisse, the Andean country’s economy ministry said late on Thursday. The loans at the time allowed Ecuador to advance in a process to renegotiate its foreign debt. Their repayment comes as President Lenin Moreno’s government faces […]

8 hours Loonie notches weekly gain as investors look past bleak data Financial Post       

TORONTO — The Canadian dollar edged lower against its U.S. counterpart on Friday but largely kept hold of this week’s rally as investors took in stride bleak domestic GDP data and looked ahead to a policy decision next week from the Bank of Canada. The loonie was trading 0.1% lower at 1.3775 to the greenback, […]

8 hours Immigration Drops Sharply in Another Virus Hit to Canada Financial Post       

(Bloomberg) — Covid-19 has derailed the Canadian government’s plan to increase international migration levels this year. In the first release of data that covers the pandemic’s spread into Canada, the number of permanent residents who came to the country in March dropped by 29% from the same period last year, falling to 19,115 during the […]

8 hours S&P 500 ends up in choppy action after Trump comments on China Financial Post       

The S&P ended a choppy session higher on Friday after President Donald Trump made comments on China that were less worrisome for the U.S. economy than investors apparently had feared. Stocks initially extended losses after Trump said he was directing his administration to begin the process of eliminating special treatment for Hong Kong in response […]

8 hours Dollar weak vs. euro as month-end flows weigh Financial Post       

NEW YORK — The dollar edged lower against the euro on Friday, hurt by month-end flows and as the common currency continued to enjoy a boost from the European Union’s recently announced plan to prop up the bloc’s coronavirus-hit economies with a 750 billion-euro ($828 billion) recovery fund. The greenback was little moved after U.S. […]

8 hours Yields fall as Trump leaves U.S., China trade deal untouched Financial Post       

NEW YORK — U.S. Treasury yields fell on Friday after President Donald Trump appeared to keep the trade deal between the United States and China intact, but said he would begin the process of eliminating special treatment for Hong Kong. Investors are worried that escalating tensions between the United States and China will lead the […]

11 hours FDA approves Abbvie’s drug to control menstrual bleeding due to fibroids Financial Post       

The U.S. Food and Drug Administration on Friday approved Abbvie Inc’s oral treatment for managing heavy menstrual bleeding associated with fibroids in premenopausal women. The treatment is the first non-surgical option available to patients suffering from the condition. Fibroids are benign muscle tumors of the uterus that can cause heavy menstrual bleeding, pain, bowel or […]

12 hours Corn, soybeans slide on U.S.-China tensions Financial Post       

CHICAGO — U.S. corn and soybean futures fell on Friday as percolating U.S.-China trade tensions over Beijing’s proposed restrictions on Hong Kong put a damper on the markets after a week of positive movement, with U.S. President Donald Trump expected to address the situation later on Friday. Three sources told Reuters China may reduce its […]

12 hours European shares retreat as Trump’s China response awaited Financial Post       

European shares fell on Friday, with investor nerves ahead of U.S. President Donald Trump’s response to China over its national security law for Hong Kong taking some of the shine off May’s stock rally. The pan-European STOXX 600 index fell 1.4%, with the week’s outperformers — travel & leisure, banks and automakers — leading the […]

12 hours Court ruling in Keystone XL case is another blow against big U.S. natgas pipes Financial Post       

The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, analysts say. The Trump Administration has aggressively pressed ahead with new pipeline construction, but several projects have run into roadblocks due to successful legal challenges charging that the administration is […]

12 hours Turkey to Explore for Oil in Libya Accord Waters Within 4 Months Financial Post       

By Cagan Koc (Bloomberg) — Turkey’s planning to start oil exploration within maritime borders set by an accord with Libya’s internationally recognized government in three to four months, state-run Anadolu Agency cited Energy Minister Fatih Donmez as saying on Friday. The new “Kanuni” drilling ship will sail into the Mediterranean for its first mission this […]

12 hours FDA approves Abbvie’s treatment to control menstrual bleeding Financial Post       

The U.S. Food and Drug Administration on Friday approved Abbvie Inc’s oral treatment for managing heavy menstrual bleeding associated with fibroids in premenopausal women. Fibroids are benign muscle tumors of the uterus that can cause heavy menstrual bleeding, pain, bowel or bladder problems and infertility. (Reporting By Mrinalika Roy in Bengaluru; Editing by Shailesh Kuber)

13 hours Many Canadians watching events in U.S. with shock and horror – PM Trudeau Financial Post       

OTTAWA — Many Canadians are watching the riots in parts of the United States with shock and horror, Prime Minister Justin Trudeau said on Friday in a highly unusual commentary on American domestic affairs. “Anti-black racism – racism – is real. It’s in the United States but it’s also in Canada,” he told reporters. Minneapolis […]

13 hours Argentina bonds pop as new debt offers raise deal hopes Financial Post       

BUENOS AIRES/LONDON — Argentine bonds jumped on Friday after the government and key bondholders exchanged new proposals to revamp around $65 billion in debt that edged the two sides closer together and bolstered hopes that a deal can be stuck eventually. Buenos Aires unveiled an amended proposal on Thursday with slightly earlier maturities and a […]

13 hours Asia Gold-Top hubs struggle as customers continue to keep away Financial Post       

BENGALURU/MUMBAI — Asian physical gold hubs struggled to regain footing this week as most retail customers stayed away even as some coronavirus restrictions were eased. Chinese dealers sold gold at discounts of $14-$18 an ounce versus benchmark prices, compared to last week’s $15-$20 discounts, with traders attributing the dip to a depreciation in the yuan. […]

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