LONDON — U.S. financial exchange operator CME is taking over London-based peer Nex in a deal that values the British company at 3.9 billion pounds ($5.4 billion). CME and Nex said in a statement Thursday that Nex shares will be paid 10 pounds each, a premium of about 49 per cent to their closing price […]
Chinese state TV has shown the founder of the insurance company that owns New York City’s Waldorf Hotel admitting his guilt at a trial on fraud and other charges. Wu Xiaohui, former chairman of Anbang Insurance Group, is accused of fraudulently raising $10 billion from investors and misusing his post to benefit himself.
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BEIJING — China’s defunct and reportedly out-of-control Tiangong 1 space station is expected to re-enter Earth’s atmosphere sometime this weekend. It poses only a slight risk to people and property on the ground, since most of the bus-size, 8.5-ton vehicle is expected to burn up on re-entry, although space agencies don’t know exactly when or […]
A Royal LePage survey of B.C. and Alberta property professionals found 81.5% believed the original tax had already caused a decrease in interest from buyers outside the province
A handful of top business stories we’re following in the Financial Post
More Canadians are speaking out about difficulty dealing with the Canada Revenue Agency as they apply for the disability tax credit.
Northwood retirement home has been enjoying the company of a new resident lately — Toaster the rabbit.
TOKYO — Five cryptocurrency exchanges have withdrawn their applications to be licensed in Japan, saying they can’t meet the government’s requirements, the Financial Services Agency said Thursday. Two exchanges, Tokyo GateWay and Mr. Exchange, recently told the government they no longer want to apply for licenses. Three other exchanges: Raimu, bitExpress and Bit Station, dropped […]
ASHEVILLE, N.C. — Family Dollar has agreed to pay $45 million to settle a gender bias lawsuit that dates 16 years ago. The Charlotte Observer cites the settlement in a Wednesday report as saying 37,000 female managers of Family Dollar stores allege they were paid less than their male counterparts for doing the same job, […]
FRANKFURT — Germany has cut its debt load thanks to a strong economy and the diminishing burden of bailing out banks during the financial crisis. The Bundesbank national central bank said Thursday that debt fell to 64 per cent of annual economic output by the end of 2017, from 68 per cent in 2016. That’s […]