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David Doyle was among the first to predict the drop in the CAD to USD exchange rate, calling for the Canadian dollar to drop to US$0.70 a year ago.

In the past week, six banks including Goldman Sachs Group Inc., Bank of America-Merrill Lynch and JPMorgan Chase & Co. have pushed back their forecasts for the timing of the first rate increase to the fourth quarter. She remarked, “Some of the recent data from the...

Wesfarmers, which owns supermarket Coles and home improvement chain Bunnings in Australia, says it has completed due diligence on Homebase and transaction documents are being finalised.

Turnover would have risen 3pc by stripping out sales falls in Hong Kong and Macau, regions that have caused trouble for many retailers due to changes to Chinese visas, which has stemmed the flow of visitors from the mainland.

Home Retail Group, target of a £1bn bid approach from Sainsbury’s, warned that poor sales at its Argos chain would hurt group profits.

“And I think the outcome, which is the release of the sailors just hours after the president completed his address is a pretty powerful endorsement of that strategy”, he said. Worldwide sanctions relief will be triggered when Iran follows through on commitments to...

An investigation has been launched in France into emissions testing fraud at Renault, the company admitted on Thursday after its shares had been sent skidding 20%.

It fought back over the Christmas period by lowering prices and hiring more staff. The supermarket hired an additional 4,000 staff and focused on a strong seasonal display of goods. The company said it is making good progress and are trading in line with profit expectations for...

Tuesday, teams of state workers will begin fanning out across Flint, offering homeowners bottled water and filters.

Michigan State Police troopers and other state officials will start a door-to-door sweep of Flint on Tuesday to hand out bottled water and water filters, and the White House says it is monitoring the situation “very closely”.

Although there is skepticism that North Korea carried out the test as claimed, its actions have been condemned internationally. Besides the U.N. Security Council, the topic of dealing with North Korea will likely be taken up with meetings related to the summit of industrialized...

New York, Rhode Island, Georgia, and at least eight other states were vying for the project, but in the end General Electric Co. has elected to relocate its global headquarters from Fairfield, CT to Boston, according to news reports.

An earlier version of this article incorrectly said all three major US indexes entered correction territory. If it closes down that much it would meet the standard definition of a market “correction”, something that last happened in August.

Last year was the US auto industry’s best year ever, breaking a record that stood for a decade and a half.

In the earlier trade session, WTI crude futures had broken the $30 per barrel price level, when it slumped to an intra-day low of $29.93 per barrel- price levels last seen in December 2003.