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CN rail ready to move Alberta’s oil shipping contracts to drillers

Bloomberg Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, Chief Executive Officer Jean-Jacques Ruest said. The company shipped about 125,000 to 150,000 barrels a day last month, but could “easily” ramp that up to 200,000 if ...

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Top US tech firms cut off Huawei supplies

Bloomberg The impact of the Trump administration’s threats to choke Huawei Technologies Co reverberated across the global supply chain on Monday, hitting some of the biggest component-makers. Germany’s Infineon Technologies AG fell in early trading after the Nikkei reported it halted shipments to the Chinese company in the wake of the US ban. Shares of STMicroelectronics NV were also hit. ...

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China drugmaker with accounting error used funds to trade shares

Bloomberg One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated. Kangmei Pharmaceutical Co transferred $1.3 billion to connected entities to trade its own shares, it said in a filing that appeared on the Shanghai exchange. The management of its ...

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