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Transat sinks 22% after Air Canada scraps buyout deal

Transat's shares slumped more than 22 per cent on Monday after Air Canada scrapped its C$188.7 million (US$150.83 million) buyout deal for the tour operator due to antitrust hurdles in Europe.

Markets

Intel CEO to attend Biden meeting on chip supply chain

Intel Corp Chief Executive Officer Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden's administration for April 12 to discuss the semiconductor supply chain issues disrupting U.S. automotive factories, according to a person familiar with the matter.

Markets

Goldman Sachs plans for staff return to London office: The Guardian

Goldman Sachs Group Inc is preparing to have hundreds of staff return to its London office this week as companies eye a return to normal working conditions during the COVID-19 pandemic, according to a report by The Guardian.

Markets

LG’s smartphone exit: who stands to gain?

LG Electronics' move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analysts said.

Markets

Biden says higher corporate taxes won’t harm US economy

President Joe Biden on Monday defended his proposal to increase corporate taxes to help pay for a big ramp up in U.S. infrastructure spending, saying he is not at all worried the tax hike would harm the economy.

Markets

GameStop to capitalize on ‘stonks’ rally with US$1 billion stock sale plan

:GameStop Corp on Monday increased the value of new stock it may sell from US$100 million to US$1 billion, as the U.S. video game retailer seeks to capitalize on a surge in its shares from a Reddit-driven rally this year.

Markets

Cryptocurrency market cap hits record US$2 trillion; bitcoin’s at US$1.1 trillion

The cryptocurrency market capitalization hit an all-time peak of US$2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors.

Markets

Biden says he does not think higher corporate taxes would harm US economy

President Joe Biden on Monday defended his proposal to increase corporate taxes to help pay for a big ramp up in U.S. infrastructure spending, saying he is not at all worried the tax hike would harm the economy.

Markets

US service sector activity index hits record high in March

A measure of US services industry activity surged to a record high in March amid robust growth in new orders, in the latest indication of a roaring economy that is being boosted by increased vaccinations and massive fiscal stimulus.

Markets

US pushing G20 for global minimum corporate tax: Yellen

WASHINGTON: The United States is pushing in the G20 for agreement on a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen said on Monday (Apr 5). Just days after President Joe Biden announced plans to raise corporate taxes to finance a...

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