Business articles

City chief plays down Brexit risk as banks move jobs

The City of London’s policy chief played down Brexit risks for the world’s top financial hub in an interview with AFP on Friday, even after a string of banks said they may have to shift jobs from London.

EU probe launched into ECB links with private banks

EU Ombudsman Emily O’Reilly said Friday she has opened an investigation into ties European Central Bank President Mario Draghi and aides have with private banks following a complaint from a research group.

Strong health product sales boost P&G earnings

Consumer-products giant Procter & Gamble reported better-than-expected quarterly earnings Friday and lifted its 2017 sales forecast, due in part to strong demand for health products.

As populism mounts, Davos elite told: pay your taxes

The world’s biggest multinationals have been put on notice to start paying their fair share of tax — or risk accelerating the rise in populism that has carried Donald Trump to the White House.

Weakness in oil and gas dents GE earnings

Weakness in the oil and gas sector dented General Electric’s fourth-quarter results, pushing revenues lower despite gains in other industrial divisions, the company reported Friday.

Gasoline prices drive Canada inflation

Transportation costs drove up Canadian consumer costs in December, as fuel prices started bouncing back from recent lows, the government statistical agency said Friday.

Five questions on a US-China trade war

As Donald Trump prepares to take office as the 45th president of the United States Friday, Beijing will be watching closely amid fears a trade war could break out between the world’s top two economies.