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Sun Life sees Canada pension deals reaching $3.9 billion in 2018

Bloomberg Sun Life Financial Inc., one of Canada’s biggest life insurers, sees the country’s pension risk-transfer market growing to as much as C$5 billion ($3.9 billion) this year as more companies look to divest retirement plans. The Canadian group annuity market will probably reach at least C$4.5 billion this year, up from C$2.7 billion in 2016, Brent Simmons, senior managing ...

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White House readies to slap 25% duties on $16bn of Chinese goods in two weeks

Bloomberg The US said it will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world’s two biggest economies. Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list, as of August 23, the US Trade Representative’s Office said ...

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Tech firm Salesforce.com adopts co-CEO structure

Bloomberg Salesforce.com Inc., a maker of cloud-based customer-relations software, is the latest technology company to embrace the idea of having two chief executives, by promoting Keith Block to run the company alongside co-founder Marc Benioff. Block started with the San Francisco-based company in 2013, became chief operating officer in 2016 and also serves as vice chairman. He’ll remain a director, ...

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