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A Via Rail train makes its way into the CN rail cut in Halifax on Friday, January 2, 2009. A study is under way to determine the feasibility of truck traffic along the route. (Peter Parsons/staff)

Via Rail ridership still well below pre-pandemic levels as losses mount and trains face retirement

Bryan Passifiume · Postmedia News |Updated 3 minutes ago |3 min read Premium content

Two years after travel came roaring back after COVID, Via Rail’s ridership numbers are still substantially below where they were before the pandemic, and the Crown corporation is bleeding money even as it faces an urgent need to replace its ...

Korean Finance Minister Choi Sang-mok speaks during a trilateral meeting with U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024.

South Korea urges better cooperation on supply chain with China

Reuters |Updated 23 minutes ago |1 min read

SEOUL (Reuters) - South Korea's finance minister on Thursday said Seoul and Beijing should seek better economic cooperation on the supply chain for raw materials. "We should lead global industries by cooperating on supply chain and technologies ...

Christian Sewing, Chief Executive Officer of Deutsche Bank, speaks at Banking Day, a gathering of bankers hosted by Germany's Banks' Association, in Berlin, Germany, April 23, 2024.

Deutsche Bank under fire from investors over Postbank problems

Tom Sims |Updated 33 minutes ago |2 min read

By Tom Sims FRANKFURT (Reuters) -Big investors in Deutsche Bank vented their frustration at Germany's top lender on Thursday, describing problems at its Postbank business as a trust-damaging embarrassment. The complaints at Deutsche's annual general ...

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2022.

GameStop, AMC slide as meme stocks rally loses steam

Reuters |Updated 34 minutes ago |2 min read

(Reuters) - Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out. Shares of the struggling ...

The skyline with the banking district is seen during sunset in Frankfurt, Germany, February 27, 2024.

Digitalisation of banking creates new risks, says global watchdog

Huw Jones |Updated 50 minutes ago |1 min read

By Huw Jones LONDON (Reuters) - The digitalisation and entry of Big Tech into finance create new vulnerabilities and amplify existing risks in the banking system that may need new rules to mitigate, global banking regulators said in a report on ...

Construction work is seen as the sun sets, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas from Gaza, in Tel Aviv, Israel, February 27, 2024.

Israel's economy rebounds in wake of Gaza war, grows 14.1% in Q1

Reuters |Updated 3 minutes ago |1 min read

JERUSALEM (Reuters) - Israel's economy recovered sharply in the first quarter of 2024 after a steep contraction in late 2023 that followed the start of war in Gaza with Palestinian Islamist group Hamas last October. The Central Bureau of ...

People walk outside the New York Stock Exchange in New York, U.S., December 29, 2023.

Morning bid: New highs hold as disinflation resumes, US cools

Reuters |Updated 1 minutes ago |3 min read

A look at the day ahead in U.S. and global markets from Mike Dolan World stocks notched new records and the dollar nursed its worst day of the year as fears of an overheating U.S. economy dissipate - stirring hopes that the coast is clearing for ...

People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021.

Basel battle: Goldman's unlikely foot soldiers in the fight against bank capital hikes

Pete Schroeder |Updated 53 minutes ago |6 min read

By Pete Schroeder WASHINGTON (Reuters) - Jeff Riggs, a Montana businessman who owns a small data center, flew to Washington D.C. in November to meet with his U.S. Senator Steve Daines.  The trip wasn't his idea. It was arranged, paid for and ...

People ride on a scooter past a JD.com's advertisement promoting Singles Day shopping festival, in Beijing, China October 26, 2023.

Chinese retailer JD.com reports Q1 revenue that beats estimates

Reuters |Updated 4 minutes ago |1 min read

(Reuters) - Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as deep price cuts helped boost sales that had been hit hard by cautious customer sentiment. Net revenue rose 7% to 260 billion yuan ...

Deere & Co. 8R autonomous tractor is pictured at Jensen Test Farm in Bondurant, Iowa, U.S., April 28, 2022. Picture taken April 28, 2022.

Deere cuts 2024 profit forecast on demand slowdown

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - Deere trimmed its annual profit forecast for the second time on Thursday, as farmers buy fewer tractors and combine harvesters due to falling crop prices. The world's largest farm equipment maker said it now expects fiscal 2024 net ...

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