Asian Tribune Your Multilingual Newspaper covering World and local news News
Wall Street weakened Monday as investors worldwide became more skeptical about American investments, something many economists suggest is due to U.S. President Donald Trump’s trade war and his ongoing criticism of the Federal Reserve. The S&P 500 sank 2.4 per cent in another wipeout. That yanked the index 16 per cent below its record …
Read More »Losses in China lead to $5B charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totalling more than $5 billion USD in the fourth quarter of this year. The Detroit automaker said in a regulatory filing Wednesday that it will cut the value …
Read More »Court orders BC Tree Fruits to sell all assets, growers fear imported fruit take-over
It’s a sad reality for the members of the BC Tree Fruits Cooperative after the BC Supreme Court ordered the sale of all its assets. “It’s frustrating, sitting there and watching it unfold, when we know that the problem can be fixed, we just need the help,” said former BCTFC …
Read More »Quebec entertainment group ComediHa! will acquire some Just For Laughs assets
Quebec-based entertainment group ComediHa! said Tuesday it’s “entering a new era” as it confirmed it will acquire a number of assets from the financially troubled Just for Laughs comedy company. The company said that a judge has approved its bid to acquire the brands Juste pour rire, Just For Laughs, …
Read More »As Alberta eyes more than half of CPP assets, what could a split look like?
Alberta Premier Danielle Smith‘s push for her province to establish its own pension plan and break away from the Canada Pension Plan (CPP) leaves many questions swirling for Canadians across the country. Prime Minister Justin Trudeau said earlier this week he is “deeply concerned” over the proposed plans, and that …
Read More »Canada can now seize, sell off Russian assets. What’s next?
Selling Russian-owned assets to pay for Ukraine’s reconstruction may sound like a logical approach to restitution, but as the Canadian government gains new powers to begin this process, questions remain about how it will work, and whether some issues are headed to court. C-19, the budget implementation bill, received Royal Assent last Thursday. Among …
Read More »