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Bloomberg The Bank of Canada released an upbeat assessment of the country’s economic expansion, but reiterated the central bank will remain cautious as it seeks to bring interest rates back up to more normal levels. The outlook was delivered in a speech by Deputy Governor Tim Lane, a day after an interest-rate decision where the central bank left borrowing costs ...

Bloomberg Finland is promising it won’t add to the list of financial regulations facing Nordea Bank AB as the lender prepares to move its headquarters to the northernmost euro member. The pledge, made by Finance Minister Petteri Orpo, comes a week before shareholders in Nordea vote on its proposal to relocate from Stockholm. The largest Nordic lender, which has been ...

Bloomberg Costco Wholesale Corp. will push suppliers to lower prices on everything from steaks to televisions, aiming to keep customers away from rivals like Amazon.com Inc. The warehouse-club chain wants vendors to shoulder a greater part of the cost of limited-time promotions for its 50 million members. The company is also introducing more products under its Kirkland Signature brand, such ...

Bloomberg One of India’s fastest-growing airlines has signed a $12.5 billion deal with CFM International Inc. for engines and a 10-year services contract for an incoming fleet of more than 150 Boeing Co. 737 MAX aircraft. SpiceJet Ltd. has agreed to buy the LEAP-1B engines and spare engines from CFM, which is a joint venture between France’s Safran Aircraft Engines ...

Bloomberg JM Smucker Co is considering a sale of its baking brands, including Pillsbury, according to people with knowledge of the situation. The food manufacturer is working with an adviser as it weighs options for the unit, which also includes the Robin Hood flour and cereal brand and Martha White baking mixes, said the people, who asked not to be ...

Bloomberg South African Airways may not be able to continue to operate as a going concern, while the struggling state-owned airline has failed to properly record financial information and the value of assets, according to the Auditor General. SAA made a net loss of about $471 million in the year through March 2017, according to a document signed by AG ...

Bloomberg WestJet Airlines Ltd.’s appointment of a new chief executive officer opens the way for Canada’s No. 2 carrier to hammer out a labour deal with its pilots over the next few months, a union leader said. Relations had soured between the union and CEO Gregg Saretsky as WestJet pilots sought their first bargaining agreement. Those negotiations now fall to ...

DUBAI / Emirates Business The stage is set for the return of the Middle East’s only dedicated trade fair for tools, hardware, materials, and machinery next month in Dubai, as global manufacturers and local suppliers keep all eyes on a regional construction market that’s well on the road to recovery. More than 160 exhibitors are expected to take part in ...

ABU DHABI / Reuters Italian energy company Eni and state oil giant Abu Dhabi National Oil Co (Adnoc) are expected to sign a deal on Sunday, the Italian government and a source said. A statement from the Italian PM’s office said a signing ceremony was scheduled to take place after premier Paolo Gentiloni meets HH Sheikh Mohamed bin Zayed Al ...

DUBAI / WAM Dubai Land Department (DLD) has confirmed that it successfully conducted 8,173 real estate valuations worth over AED287 billion, the highest value ever recorded in 2017. According to a report issued by Taqyeem, Dubai’s Real Estate Appraisal Centre, valuations are done for a variety of reasons such as: investor visas, gifted transfer, auction sales, zakat calculations, sale estimates, ...