Hiring Blows Past Forecasts Again in Canada’s Hot Job Market
Canadian employment showed surprising strength for a fourth straight month, defying expectations of an economic slowdown and testing the central bank’s commitment to a rate pause.
Bloomberg Business
Levi Tumbles on Restructuring Charge, Gross Margin Miss
Levi Strauss & Co. fell the most since October after it took a charge in the most recent quarter, part of a restructuring program that is expected to continue through 2023.
Apple’s $165 Billion Cash Hoard Creates M&A Mirages
Apple Inc.’s slowing growth and cash-rich balance sheet are again fueling speculation that the world’s most valuable company should make a big acquisition.
Reed Recruitment Chief Executive Calls for Higher Worker Wages
UK companies should pay their workers more in an effort to retain staff and encourage more people into jobs, according to the boss of one of Britain’s biggest recruiters.
Tunisian Bonds Plunge After Leader Rejects IMF’s ‘Diktats’
Tunisian bonds plunged the most worldwide after President Kais Saied signaled he’ll reject a bailout from the International Monetary Fund, adding to concern that the cash-strapped nation is headed toward default.
Turkey Wants to Negotiate Payments to Iraq Before Oil Exports Resume
Turkey wants to negotiate with Iraq a settlement that it’s been ordered to pay before an oil pipeline that exports 400,000 barrels a day is reopened, according to two Turkish officials familiar with the situation.
Gold Eases From 13-Month High as US Shows Signs of Slowdown
Gold eased from near the highest in 13 months as traders digested the latest US economic data and its potential impact on the Federal Reserve’s interest-rate path.
Airbus to Build New China Jet Factory as Apple Pulls Back
Airbus SE will double production capacity in China of its top-selling jet in a bold bet on future demand in one of the world’s biggest aviation markets.
Carvana Bondholders May Score Bigger in Bankruptcy Versus Debt Swap
Carvana Co.’s biggest bondholders may wind up better off if the beleaguered online car seller ends up in a position companies usually try to avoid: bankruptcy.
Billionaire Saade Forges Ahead With China, Media Deals
CMA CGM SA Chief Executive Officer Rodolphe Saade said the world’s third-largest container line has reached new supply deals in China and an investment in a French online media company.