Canadian equities jumped in early Wednesday trading after US President Donald Trump said he would delay new 50% tariffs for three days and indicated that the two sides were close to a trade deal.
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Bloomberg NewsOriginal★★★★☆2026-08-19 15:00
Target says a $994m pre-tax tariff reimbursement doubled its second-quarter operating income to $2.6bn from $1.3bn a year earlier. The refund followed a ruling that some of Donald Trump’s import tariffs were unlawful, although the president continues to impose duties through other legal routes.
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BBC NewsOriginal★★☆☆☆2026-08-19 14:47
Monte dei Paschi di Siena’s board will consider possible ways to defend against a takeover on Thursday, as the Italian bank seeks to fend off Intesa Sanpaolo’s approach, a source close to the matter said on Wednesday.
R
ReutersOriginal★★☆☆☆2026-08-19 14:40
Donald Trump said a US-Canada deal was close and only paperwork remained, while Mark Carney was more cautious in describing the progress, leaving a new countdown toward Friday’s deadline.
BBloomberg NewsOriginal★★★★☆2026-08-19 14:30
Canada’s midnight tariff deadline is approaching, while the US is playing down the prospect of a last-minute deal. Quebec separatists also say there will be no referendum while Trump is in office.
Donald Trump delayed tariffs on Canada at the last minute after a tentative deal was reached.
Bloomberg News Now rounds up today’s leading stories, including Donald Trump’s pause on 50% tariffs on Canada and Overton’s selection to run the FDA, with updates on global business news throughout the day.
Bloomberg News Now’s audio report features the day’s top stories, including Donald Trump pausing new tariffs on Canada and Overton being tapped to lead the Food and Drug Administration.
US President Donald Trump says he has paused planned 50% tariffs on Canadian imports for three days after Washington and Ottawa reached a trade deal, subject to final documents. He also suggested the controversial Keystone XL pipeline could be revived, while Canadian Prime Minister Mark Carney said work remains.
Donald Trump said the planned 50% tariffs on Canadian goods would be delayed for three days after US and Canadian officials reached a tentative deal, pending documents. He also suggested the controversial Keystone XL pipeline could be revived, without explaining whether it was connected to the tariff agreement.
President Donald Trump said his threatened 50% tariff on a broad range of Canadian goods would not take effect at 12:01 a.m. ET, temporarily sparing about $20 billion in imports.
Donald Trump says the United States and Canada have reached a last-minute agreement to delay 50% U.S. tariffs on Canadian imports. The duties had been set to cover $20 billion in Canadian goods, from hockey sticks to tongue depressors, with tensions potentially rising further if they took effect.
US President Donald Trump said he would delay planned 50% tariffs on a broad range of Canadian goods for three days while the two countries finalise a trade deal. He said the US and Canada had reached an agreement subject to completing documents. Talks include auto tariffs and Canadian provincial restrictions on US alcohol, while Trump said a final deal could revive the Keystone XL pipeline.
US President Donald Trump says the United States and Canada have reached a deal to avert steep tariffs on billions of dollars in Canadian goods. Shortly before a midnight deadline, he said the scheduled 50% duties would be paused for three days, pending final documents.
The Trump administration agreed to postpone 50% tariffs on billions of dollars in Canadian products for three days after high-stakes negotiations in Washington.
U.S. President Donald Trump said Tuesday that he had paused the 50% tariffs on Canadian goods due to begin Wednesday for three days, saying the two countries had reached a deal.
The 7th Russian-Chinese Business Forum will take place at Moscow’s Russia National Center on September 10-11, bringing together about 600 companies from the two countries. Its agenda includes agritech, digital technologies and AI, e-commerce, tourism, creative industries, and workshops on foreign trade and logistics.
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TASSOriginal★★★☆☆2026-08-19 12:17
Target reported a second consecutive quarter of comparable-sales growth, saying a merchandising overhaul led by its new CEO was drawing in more customers. The discount retailer also received a $994 million tariff refund.
T
The Associated PressOriginal★★☆☆☆2026-08-19 12:00
Volkswagen expects to sign a deal with a local Indian partner this year, Skoda CEO Klaus Zellmer said. The German group is struggling to build scale in the world’s third-largest car market.
RReutersOriginal★★☆☆☆2026-08-19 11:40
Danish brewer Carlsberg fell short of half-year profit and sales expectations on Wednesday. Severe weather worsened weak Chinese demand, sending the company’s shares down as much as 4% to a seven-week low.
RReutersOriginal★★☆☆☆2026-08-19 11:35
Rusal said its aluminum production rose 4.5% year-on-year to 2.01 million tonnes in January-June 2026. Bauxite and alumina output also increased, while aluminum sales fell 10% to 2.06 million tonnes. Global primary aluminum output edged down, with growth in China offset by declines elsewhere.
TTASSOriginal★★☆☆☆2026-08-19 11:33
Estee Lauder forecast annual profit above Wall Street estimates on Wednesday, citing sustained demand for premium fragrances and strong performance in China, a key market. Gains from its CEO’s turnaround strategy are continuing to build.
RReutersOriginal★★☆☆☆2026-08-19 10:25
At least two Moscow gas station chains have reinstated fuel purchase limits, according to RBC. Gazprom Neft said the cap is 60 liters per person, while Tatneft allows up to 50 liters of gasoline and 60 liters of diesel. AI-95 gasoline was available at only one Neftmagistrali station in the city on the evening of August 18.
MMeduzaOriginal★★★☆☆2026-08-19 08:55
India’s share of exports to the US has remained largely unchanged after a year of President Donald Trump’s punitive tariffs, despite New Delhi’s efforts to diversify trade through a series of new agreements with other countries.
BBloomberg NewsOriginal★★★☆☆2026-08-19 08:00
Expanding partnerships between US drugmakers and Chinese companies offer lower costs and greater access to breakthrough treatments. Critics in Washington, however, see the deals as a source of risk.
BBloomberg NewsOriginal★★★☆☆2026-08-19 07:30
The US-Israel war on Iran has disrupted oil and gas supplies, and the closure of the Strait of Hormuz has pushed countries toward coal as a cheaper, more available fuel. South African thermal coal producer Thungela Resources reported that first-half profits doubled. Analysts say the global clean-energy transition remains on track despite a possible rise in coal use.
AAl JazeeraOriginal★★★★☆2026-08-19 06:27
SK Hynix’s South Korean labour union is finalising the wording of a tentative wage agreement with management and will brief members on its terms on Wednesday afternoon, according to a source familiar with the talks.
RReutersOriginal★★☆☆☆2026-08-19 05:30
Tom Westbrook looks ahead to the day in European and global markets, highlighting dancing robots and bond dumping.
RReutersOriginal★★☆☆☆2026-08-19 04:50
Bigger wagers and more luxurious perks are attracting more high rollers to Singapore’s Marina Bay Sands, forcing Resorts World Sentosa to catch up as its casino license nears renewal.
BBloomberg NewsOriginal★★☆☆☆2026-08-19 04:30
KKR has become the preferred bidder for a minority stake in Malaysia’s Avisena Healthcare, according to two people with direct knowledge. The deal could value the healthcare company at about 1.5 billion ringgit ($370 million).
RReutersOriginal★★☆☆☆2026-08-19 02:40
U.S. President Donald Trump said the 50% tariffs on Canada due to take effect Wednesday had been paused for three days, asserting that the two countries had reached a deal pending final documents. The proposed duties would cover about $20 billion in Canadian imports, including dairy, alcohol and furniture. Prime Minister Mark Carney’s office had not immediately commented.
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CGTNOriginal★★★★☆2026-08-19 02:16
India has requested consultations with the United States at the World Trade Organization over White House tariffs on some quartz products. The move adds another point of friction between the countries as they remain without a trade deal.
BBloomberg NewsOriginal★★★☆☆2026-08-19 01:00
Small US oil companies will sign an agreement with Venezuela’s state-owned PDVSA in Houston on Tuesday to extract hydrocarbons in Venezuela, Politico reported, citing sources. Hydrocarbons Minister Paula Henao plans to attend, while the White House will not participate in the ceremony.
TTASSOriginal★★★★☆2026-08-18 23:18
The U.S. Surface Transportation Board is again weighing Union Pacific’s plan to combine with Norfolk Southern, but says restarting the process is not an endorsement of the $85 billion transaction.
RReutersOriginal★★★☆☆2026-08-18 23:01
Goldman Sachs Group Inc. struck a deal to buy LCN, its second transaction in a week as the firm advances plans to expand its $4 trillion money-management arm.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 23:00
The Trump administration is lowering expectations for a last-minute agreement with Canada that would avert new tariffs due to take effect Wednesday, according to people familiar with the matter.
BBloomberg NewsOriginal★★★★☆2026-08-18 21:00
Canadian Prime Minister Mark Carney and US President Donald Trump spoke by phone as negotiators sought a last-minute agreement to prevent 50 percent US tariffs on about $20bn in Canadian imports. Experts and business officials warn the measures could cause job losses and closures in sectors including lumber, wine and dairy, while complicating wider USMCA negotiations.
Canadian Prime Minister Mark Carney spoke with U.S. President Donald Trump on Monday, Carney’s office said. Canada is seeking a last-minute deal to prevent new 50% tariffs from taking effect at midnight on Wednesday.
The United States and Canada are holding last-minute talks to prevent U.S. tariffs on Canadian goods. Relations could worsen at 12:01 a.m. Wednesday if Donald Trump proceeds with a plan to impose 50% tariffs on $20 billion worth of Canadian products.
Canada is racing to reach a deal with the Trump administration on Tuesday, before a midnight deadline, to avert a 50% tariff on billions of dollars in exports to the US.
Canada’s largest oil producers are aiming to make a final investment decision in late 2027 on their proposed carbon capture and storage project, designed to capture 6 million tonnes of emissions. The project is a key part of the country’s plan to expand oil production while keeping emissions in check, the Oil Sands Alliance president said.
RReutersOriginal★★★☆☆2026-08-18 17:40
American Airlines Group plans to restore seatback screens and add more premium seats on its narrowbody jets from 2028, seeking to attract higher-paying customers and compete with Delta Air Lines and United Airlines.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 17:00
American Airlines said it will add more premium seats and bring back seatback entertainment screens on narrowbody aircraft. The carrier is targeting higher-spending travelers as it works to close a substantial profit gap with Delta Air Lines and United Airlines.
Quantexa's CEO told Reuters that the British AI firm is weighing a multibillion-dollar flotation in Britain or the United States.
RReutersOriginal★★☆☆☆2026-08-18 16:35
Millennials, once mocked for spending $7 on lattes and avocado toast, feel better about their finances than older generations do, with data showing why.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 16:00
Chen Zhigang, chairman of the St. Petersburg branch of the Chinese Association of Entrepreneurs in Russia, says Chinese companies are increasingly supplying intermediate goods to Russia and integrating into its import substitution program. He described this as a new, high-quality phase of bilateral trade and investment cooperation focused on localizing production in Russia.
TTASSOriginal★★★☆☆2026-08-18 15:32
Chinese Ambassador to Russia Zhang Hanhui said China-Russia relations are developing steadily and at a high level. He said the two countries should further expand exchanges of experience and cooperation, following the strategic course outlined by their leaders.
Chinese Ambassador to Moscow Zhang Hanhui said the importance of energy cooperation between China and Russia is steadily increasing, with Russia now China’s largest supplier of oil and natural gas. He cited pipeline transport as a particular advantage amid tensions in the Strait of Hormuz and said the Power of Siberia gas pipeline is operating at full capacity.
A Russia-Myanmar business forum will be held in Moscow on August 19 during Myanmar President Min Aung Hlaing’s visit to Russia. Discussions will cover investment, doing business in Myanmar, tourism, expanded bilateral trade and new products for both markets.
TTASSOriginal★★☆☆☆2026-08-18 15:04
Spirit Airlines halted all operations in May and has since been selling its remaining assets through bankruptcy proceedings. Most of the assets are planes, equipment and real estate, but other valuable items are also being sold.
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CNNOriginal★★☆☆☆2026-08-18 14:36
De Beers and its industry allies are pushing natural diamonds as they confront a surge of cheaper, nearly identical synthetic gems.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 14:30
PepsiCo announced in 2022 that it would suspend production and sales in Russia, but paid $237 million in income tax to the Russian state last year. The company remains Russia’s fourth-largest foreign business, with 60,000 workers and 19 factories, and continues selling renamed drinks and other products it classifies as essential, contributing tax revenue to a state budget focused on the war in Ukraine.
TThe Kyiv IndependentOriginal★★★☆☆2026-08-18 13:16
Russia’s fish and seafood exports to China rose 14% by volume and 54% by value year on year in January-July 2026, reaching about 844,000 tons worth more than $2.4 billion. Frozen fish, crustaceans and fishmeal recorded the largest absolute revenue gains, while total exports hit a record for the period.
TTASSOriginal★★★☆☆2026-08-18 12:31
Taliya Minullina, head of the Tatarstan Investment Development Agency, said tourism and media have a multiplier effect on Russia-China trade and economic cooperation, including investment attraction. She called for better Chinese- and Russian-language payment services, information resources and regional logistics, along with stronger tourism training and on-site services.
TTASSOriginal★★☆☆☆2026-08-18 12:30
Home Depot’s fiscal second-quarter sales improved as customers spent more during the summer and focused on smaller projects. The retailer kept its previous outlook.
TThe Associated PressOriginal★★☆☆☆2026-08-18 10:36
Mike Ashley went from being a squash coach to a retail billionaire. His Frasers Group has built a $2.7 billion property portfolio and has now acquired one of London’s best-known department stores.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 10:01
Baidu missed Wall Street estimates for second-quarter revenue as a decline in its core advertising business offset growth in AI-linked cloud services. Its U.S.-listed shares fell 3.5% in premarket trading.
RReutersOriginal★★☆☆☆2026-08-18 09:35
The pound edged lower on Tuesday after figures indicated that Britain’s labour market was slowing, with the June unemployment rate exceeding expectations and job vacancies declining in July.
RReutersOriginal★★☆☆☆2026-08-18 09:01
Official data showed that Britain’s labour market cooled in the second quarter, with private-sector earnings growth slowing and vacancies falling to their lowest level in more than five years.
Russia’s non-resource, non-energy exports grew 6.7% year on year in the first half of 2026, according to government figures citing Industry and Trade Ministry data. Industrial product exports rose 5.25% in nominal terms. Manufacturing wages increased nearly 12% in the first five months, while officials said looser monetary policy could revive industrial activity.
TTASSOriginal★★★☆☆2026-08-18 08:57
Mike Ashley’s Frasers has lifted its stake in German retailer Hugo Boss to nearly 48%, the British company said, as it continues expanding into the luxury sector.
RReutersOriginal★★☆☆☆2026-08-18 08:45
New New Shipping CEO Ke Jin said the Chinese logistics provider wants to work with Russian shipowners to jointly build specialized vessels, including bulk carriers and semi-submersibles, for Russia-China logistics. He highlighted Arctic operations, saying the company will call at Murmansk for the first time this year and at Arkhangelsk for a fourth consecutive year.
TTASSOriginal★★☆☆☆2026-08-18 08:41
The comeback of a Canadian auto billionaire highlights the limits of Donald Trump’s tariff strategy. Separately, higher gas prices have pushed inflation to 3%.
BBloomberg NewsOriginal★★★☆☆2026-08-18 08:00
Canadian officials are making a last-ditch attempt to win relief from proposed 50 percent US tariffs as trade talks enter their final hours. The duties would target about $20.2bn in exports, including electronics, machinery, furniture, dairy and wine. Prime Minister Mark Carney described negotiations with Donald Trump’s administration as “delicate” and “intense”.
Russian businesses paid 383.69 billion rubles in non-repayable contributions to the federal budget during the first eight months of 2026, nearly 1.5 times last year’s total. Vedomosti reported that major Russian businessmen’s “voluntary donations” became the largest source, replacing exit taxes from departing foreign firms. The payments surged after March, while Russia’s war-driven budget deficit reached 6.455 trillion rubles through July, or 2.8% of GDP.
MMeduzaOriginal★★★☆☆2026-08-18 07:44
Most Asian shares fell as rising oil prices and inflation concerns weighed on investor sentiment, offsetting support from strong corporate earnings. Tokyo’s Nikkei 225 led the declines, dropping 2.5%.
TThe Associated PressOriginal★★☆☆☆2026-08-18 07:30
Mainland Chinese air-conditioning brands see an opportunity as Europeans become more receptive to the idea of using air conditioning during a hot summer.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 06:30
Russia’s fish and seafood export revenue could stay near the 2025 level of about $6 billion in 2026, Federal Agency for Fishery head Ilya Shestakov said. He attributed the outlook to rising prices, particularly for pollock, after Russia exported 2.1 million metric tons worth more than $6 billion in 2025.
TTASSOriginal★★★☆☆2026-08-18 05:10
A look ahead at European and global markets as bond investors revolt while Iran threatens to go “fully offensive.”
RReutersOriginal★★☆☆☆2026-08-18 04:50
Singapore’s United Overseas Bank has appointed Tan Choon Hin as head of ASEAN and Greater China, with the new position taking effect on September 1, the bank said in a statement.
RReutersOriginal★★☆☆☆2026-08-18 04:10
President Donald Trump and Canadian Prime Minister Mark Carney spoke by phone Monday about trade negotiations, just over 24 hours before the US is set to impose punishing new tariffs on Canadian products. The talks are stalled over tariffs affecting the auto sector.
BBloomberg NewsOriginal★★★★☆2026-08-18 04:00
Several Asian companies merit close attention over the coming months.
BBloomberg NewsOriginal★★☆☆☆2026-08-18 03:30
U.S. and Canadian trade negotiators were working to resolve differences over a possible cut in President Donald Trump’s tariffs on Canadian vehicles to 15%, after certain value-content deductions, three sources familiar with the talks said Monday.
RReutersOriginal★★★★☆2026-08-17 21:45
Paramount Skydance asked a U.S. judge to require the 12 states challenging its acquisition of Warner Bros Discovery to post a $1.88 billion bond. The company said the bond would cover costs caused by delays in completing the deal.
RReutersOriginal★★★☆☆2026-08-17 19:15
ATOR says discounted last-minute tours have essentially disappeared since the pandemic, as demand often exceeds supply and operators avoid overbooking. Tours to Turkey and other destinations are full through September, while stronger foreign currencies against the ruble and limited air capacity are also putting pressure on the market.
TTASSOriginal★★☆☆☆2026-08-17 18:40
SPIEF allows businesses to arrange in a few days as many useful meetings as they would normally manage in at least six months, according to Anton Kobyakov, an adviser to the Russian president and executive secretary of the forum’s organizing committee. He called SPIEF and the EEF important platforms for business-government dialogue and noted that companies can also promote products through exhibition stands.
TTASSOriginal★★☆☆☆2026-08-17 17:49
The Iran war has hurt the UAE as residents leave and tourists cancel trips, with Dubai hotel occupancy plunging from 80% to about 10%. Authorities say recovery is under way and have offered incentives and roughly $680 million in support for affected sectors. But job cuts, weaker investment, inflation, falling property prices and risks linked to the Strait of Hormuz remain concerns.
DDWOriginal★★★★☆2026-08-17 17:46
The International Monetary Fund says its staff will visit Senegal from August 19 to September 1 to continue discussions on policies and reforms that could be supported through a new lending arrangement.
RReutersOriginal★★★☆☆2026-08-17 17:40
Europe’s tourism recovery has been uneven, with its easternmost EU members still below 2019 levels after the war on their doorstep compounded the pandemic’s damage. Bulgaria, Estonia, Latvia, Lithuania, Poland, Romania and Slovakia are urging targeted EU measures to improve connectivity, resilience and support for businesses in eastern border regions. The Commission has adopted a support strategy and is expected to publish a sustainable tourism plan.
TThe Kyiv IndependentOriginal★★★★☆2026-08-17 17:27
An SEC filing showed that Italy’s largest bank, Intesa Sanpaolo, held a stake in Elon Musk’s SpaceX worth about $966 million as of June 30.
RReutersOriginal★★☆☆☆2026-08-17 16:50
The White House is taking steps to better protect the US solar industry, while facing an uphill battle to build a sector that can compete with China.
BBloomberg NewsOriginal★★★☆☆2026-08-17 16:30
Centene said Chris Neczypor will replace chief financial officer Drew Asher in January. The health insurer is seeking to strengthen profitability after pressure on its Medicaid and Obamacare businesses.
RReutersOriginal★★☆☆☆2026-08-17 16:05
India’s unemployment rate among people aged 15 and over fell to 5.1% in July, matching its lowest level in four months, government data showed on Monday.
RReutersOriginal★★★☆☆2026-08-17 15:50
China’s industrial output and retail sales growth weakened in July after one of the country’s poorest quarterly growth rates on record. The figures are likely to increase pressure on Beijing to support activity through tax and spending measures. Premier Li Qiang called for stabilising external demand to offset weak domestic demand.
TThe GuardianOriginal★★★★☆2026-08-17 15:36
Kenya’s competition regulator has proposed that East African Breweries set aside up to 15 billion Kenyan shillings ($115 million) before approving Diageo’s sale of its majority stake in the brewer to Japan’s Asahi Group Holdings, Kenya’s Business Daily reported on Monday.
RReutersOriginal★★★☆☆2026-08-17 15:15
Diesel prices are surging, and Canadians may soon feel the impact when they shop for groceries.
CCBC NewsOriginal★★★☆☆2026-08-17 15:06
Chinese Ambassador to Russia Zhang Hanhui said Beijing hopes Moscow will keep providing favorable conditions for Chinese investment. At a Russia-China business dialogue, he described bilateral cooperation as developing and said Russian enterprises were using Chinese investment and production capabilities.
TTASSOriginal★★☆☆☆2026-08-17 14:32
When US President Donald Trump first targeted Canada’s auto industry with tariffs, Linda Hasenfratz lost her billionaire status. Her fortune has since doubled despite the duties.
BBloomberg NewsOriginal★★☆☆☆2026-08-17 14:30
Mexican affiliates of Bank of America, Santander, BBVA, Citigroup, Deutsche Bank and HSBC agreed to pay $86.4 million to settle a long-running antitrust suit in which investors accused them of rigging the market for Mexican government bonds.
RReutersOriginal★★☆☆☆2026-08-17 14:15
Tatarstan expects to launch direct air services from Kazan to Beijing, Chengdu and Xi’an, Investment Development Agency head Taliya Minullina said. She said new flights would boost tourist traffic and trade turnover.
TTASSOriginal★★☆☆☆2026-08-17 13:47
Tatarstan has suggested establishing a site in Innopolis to localize production from China. Republic head Rustam Minnikhanov said Tatarstan is open to Chinese business at every stage, from initial market entry to high-tech production and joint development.
TTASSOriginal★★☆☆☆2026-08-17 13:37
South Africa’s Thungela Resources said its half-year profit more than doubled as higher thermal coal prices and stronger export sales benefited the company, while the Middle East conflict disrupted energy markets.
RReutersOriginal★★☆☆☆2026-08-17 09:15
The 23rd China-ASEAN Expo is scheduled for Sept. 17-21 and is expected to draw more than 3,000 exhibitors worldwide. Nearly 500 companies have confirmed participation, while the event will feature about 300 new products and 200 technologies in digital technology, intelligent manufacturing and green development.
C
China News ServiceOriginal★★☆☆☆2026-08-17 08:30
China’s economy stayed broadly stable in the first seven months of 2026, with growth shifting toward newer drivers and higher-quality structures, the National Bureau of Statistics said. Industrial output rose 5.3% year on year, while foreign trade increased 17.3% to 30.13 trillion yuan and retail sales grew 2.6%.
CChina News ServiceOriginal★★★☆☆2026-08-17 08:19
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.