Business

Duane, left, and Dave MacDonald, co-owners of Callbecks Home Hardware and now Leon’s Summerside, celebrated the latter’s official opening on April 17. Their company purchased the Leon’s franchise for P.E.I. from D.P. Murphy earlier this year and subsequently relocated it from Charlottetown to Summerside. Colin MacLean

Leon's furniture store completes relocation from Charlottetown to Summerside

The cutting of a bright yellow ribbon has marked a homecoming for a long-time Summerside business. Dave MacDonald held the scissors; he is co-owner, along with his brother Duane, of Callbecks Home Hardware and its associated family of businesses. On ...

Updated 16 hours ago |5 min read

CBRM seeks land-use bylaw change for supportive housing units

Updated 8 hours ago |5 min read

With provincial plans to ultimately phase out institutional settings for people with disabilities, such as Sydney River’s Breton Ability Centre, there will be a greater need for accessory dwelling units for supportive housing. IAN NATHANSON/CAPE BRETON POST FILE

Five Corners Properties talk 3,000 unit housing project in Bible Hill

Updated 11 hours ago |5 min read

A proposal from Five Corners Properties offers 3,000 new residential units in the Bible Hill area. Image Five Corners Properties

Clarenville's SubC Imaging gets nearly $500K in N.L. government funding for new ROV project

Updated 7 hours ago |2 min read

Interest in electric vehicles in Canada drops for second year: survey

Updated 11 hours ago |3 min read

Toyota's scandal-hit Daihatsu aims to resume vehicle development this year

Updated 11 minutes ago |2 min read

A staff member stands in front of Volvo XC60 and XC90 SUVs displayed at its booth during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021.

Volvo Cars Q1 adjusted operating earnings rise as costs ease

Reuters |Updated 1 minutes ago |1 min read

STOCKHOLM (Reuters) - Swedish automaker Volvo Cars reported a rise in first-quarter adjusted operating earnings on Wednesday, helped by lower material costs and higher volumes. (Reporting by Marie Mannes, editing by Stine Jacobsen)

Japan launches anti-dumping probe into Chinese graphite electrodes for steelmaking

Reuters |Updated 51 minutes ago |1 min read

TOKYO (Reuters) - Japan's trade and finance ministries said on Wednesday they will initiate an anti-dumping investigation into graphite electrodes from China. The electrodes are an industrial material used in electric arc furnace steelmaking.

Examples of Japanese yen banknotes are displayed at a factory of the National Printing Bureau producing Bank of Japan notes at a media event about a new series of banknotes scheduled to be introduced in 2024, in Tokyo, Japan, November 21, 2022.

Mornign Bid: Yen on the brink, but Tesla pulls back

Reuters |Updated 1 minutes ago |2 min read

A look at the day ahead in European and global markets from Tom Westbrook Strong business activity indicators in Europe and an unexpected cooling in the U.S. have carried the euro above $1.07. Investors were encouraged by Tesla's promises of new ...

FILE PHOTO The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China January 24, 2018.

Hong Kong bourse operator's Q1 profit down 13% on weaker listings, trading

Selena Li |Updated 1 minutes ago |1 min read

By Selena Li HONG KONG (Reuters) - Hong Kong's bourse operator on Wednesday reported a narrower than expected 13% drop in first-quarter profit, as sluggish trading and muted listing activities weighed on its businesses. The profit attributable ...

Labourers work at the construction site of a sky train station in Hanoi, Vietnam September 30, 2016.

Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%

Reuters |Updated 2 hours ago |1 min read

HANOI (Reuters) - Standard Chartered has cut its forecast for Vietnam's economic growth this year to 6.0% from 6.7%, the bank said on Wednesday, citing lower-than-expected growth in the first quarter and global trade headwinds. "Trade, a key ...

Pedestrians walk past an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan March 28, 2024.

Asian shares jump on tech boost; fragile yen on intervention watch

Ankur Banerjee |Updated 11 minutes ago |4 min read

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks rose sharply on Wednesday led by tech stocks as investors' focus shifts to earnings from U.S. tech bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of ...

Tony Fernandes, the CEO of AirAsia's parent company, Capital A, attends an interview with Reuters in Sepang, Malaysia February 26, 2024.

Capital A chief Fernandes defers retirement, renews contract for 5 years

Reuters |Updated 1 minutes ago |2 min read

By Danial Azhar KUALA LUMPUR (Reuters) -Capital A's Tony Fernandes said on Wednesday he has agreed to put aside retirement plans and has signed a new five-year contract to continue as chief executive of the company, the operator of budget airline ...

China's Huawei launches new software for intelligent driving

Reuters |Updated just now |1 min read

BEIJING (Reuters) -Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry. The new brand Qiankun, symbolising a combination of ...

Asahi Kasai to build EV battery component plant in Canada to supply Honda, Nikkei reports

Reuters |Updated 3 hours ago |1 min read

TOKYO (Reuters) - Asahi Kasei plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday. The plant is being built primarily to supply Honda Motor's electric vehicle ...

People walk past a Skytrain (Bangkok Mass Transit System) construction site in Bangkok, Thailand May 13, 2018.

Thai central bank minutes show economy expanding, uncertainty remains

Reuters |Updated 1 hour ago |2 min read

BANGKOK (Reuters) - Thailand's economy is projected to grow at a faster pace in 2024 than 2023 supported by private consumption and tourism, but uncertainties remain, minutes of the Bank of Thailand's April 10 monetary policy meeting showed on ...