Value of Canadian building permits gains 2.1% in March
The value of Canadian building permits rose 2.1% in March, driven higher by construction plans in the four Western provinces, after falling a revised 5.1% in February, Statistics Canada data showed on Friday.
Exclusive: India orders anti-trust probe of Google for alleged Android abuse – sources
India’s antitrust watchdog has ordered an investigation into Alphabet Inc’s unit Google for allegedly abusing the dominant position of its popular Android mobile operating system to block rivals, two sources aware of the matter told Reuters.
UK sees risk of serious damage from U.S.-China trade tensions
British finance minister Philip Hammond said on Friday he was hopeful the United States and China would step back from a potential trade war that risked causing very serious damage to Britain and the world economy.
U.S. escalates trade war amid negotiations, China says it will hit back
The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods amid last-ditch talks to rescue a trade deal, as U.S. President Donald Trump signaled that talks could drag on beyond this week.
Tata Steel to explore all options for European unit after ThyssenKrupp JV falls apart
India’s Tata Steel Ltd said on Friday it will explore all options for its European steel business after its proposed joint venture with German steel giant ThyssenKrupp AG failed to secure regulatory approval.
Thyssenkrupp open to partnerships in car parts, plant divisions
Thyssenkrupp could seek partnerships for its car parts and plant engineering units if that is the best option to develop them, its chief executive said, adopting a similar approach taken by industrial conglomerate Siemens.
Virgin Atlantic in, IAG out of race for Thomas Cook airline business
The chief executive of British Airways owner IAG ruled out bidding for Thomas Cook’s airline unit on Friday, a day after rival Virgin Atlantic was reported to be interested in part of the business.
Trump says in ‘no rush’ to complete China trade deal
U.S. President Donald Trump said on Friday he was in “absolutely no rush” to finalize a trade agreement with China as U.S. negotiators from both countries prepared to continue talks in Washington, in a sign that discussions could go past this week.
Foxconn’s Gou retains board seat on proposed board: source
Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company’s proposed board, a source with knowledge of the matter told Reuters on Friday, as he plans to run for Taiwan’s presidential election.
Viacom profit beats on lower costs, success of ‘What Men Want’
Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat quarterly profit estimates on Friday, as costs fell and its Paramount Pictures division gained from the success of its movie “What Men Want”, sending its shares up 3.5%.
