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China factory price gains more sluggish that forecasts

  Bloomberg China’s producer price gains slowed more than expected in April, adding to signs of a potential easing of global reflation fueled by the world’s second-largest economy. Producer price index rose 6.4 percent from a year earlier, versus a 6.7 percent Bloomberg survey estimate and 7.6 percent gain in March. Consumer price index climbed 1.2 percent, versus 0.9 percent ...

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China’s belt-road plan may top $500bn

  Bloomberg China could pour more than half a trillion dollars into its Belt and Road Initiative, and the push for greater global influence looks even more promising with US President Donald Trump pulling back from engagement, according to Credit Suisse Group AG. The plan could funnel investments worth $313 billion to $502 billion into 62 Belt-Road countries over the ...

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Canada’s largest gas-station owner may set sights on US

  Bloomberg In the past five years, Parkland Fuel Corp. has more than tripled its market value by snapping up gas stations, propane distributors and other types of fuel sellers across Canada. Its next wave of acquisitions may be in the US. Since Chief Executive Officer Bob Espey took the helm in 2011, Parkland has struck 18 deals valued at ...

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