Business

Miranda Parker, head distiller at Compass Distillers, with bottles of Hell Isle rum, something of a departure for the company and which is already selling well. - BILL SPURR / THE CHRONICLE HERALD

New Compass rum enters the market smoothly

BCompass Distiller’s first batch of its new Hell Isle rum went out the door so quickly that head distiller Miranda Parker had to take a break from bottling the second batch to talk about it. “This product is launching directly through the NSLC, which ...

Updated 12 minutes ago |3 min read

East Coast Credit Union assets hit $1.3 billion in 2023

Updated a day ago |1 min read

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Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace

Jonathan Stempel |Updated 3 minutes ago |2 min read

By Jonathan Stempel (Reuters) - Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically sexist" workplace.

European Central Bank (ECB) president Christine Lagarde speaks during a press conference following the Governing Council's monetary policy meeting, in Frankfurt, Germany April 11, 2024.

ECB's Lagarde says inflation more likely to ease but risks both ways

Reuters |Updated 23 minutes ago |1 min read

FRANKFURT (Reuters) - Euro zone inflation is likely to decline further and the European Central Bank may cut interest rates if its long-standing price growth criteria are met, ECB President Christine Lagarde said on Friday. "At the same time, the ...

Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017.

Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs

Jessica DiNapoli |Updated 23 minutes ago |5 min read

By Jessica DiNapoli NEW YORK (Reuters) - Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers. But according ...

This large ship anchored in the Sydney Harbour this week is called the Sea Installer. Owned by Belgium company DEME, the Sea Installer is specially designed to carry and help install offshore wind turbine components. It often transports equipment such as windmill blades and monopile seabed anchors between the Atlantic Canada Bulk Terminal in Sydney and destinations in Europe and the United States. LUKE DYMENT/CAPE BRETON POST

Cape Breton company moving offshore wind parts internationally from Sydney

Luke Dyment |Updated 30 minutes ago |8 min read

Not only are cruise ships returning to the Sydney Harbour this spring, but water watchers may have noticed some big boats — in some cases much larger than the cruise liners — coasting through. Most likely, they were heading for a berth in the north ...

Japanese Finance Minister Shunichi Suzuki speaks during an event about expanding health coverage for all during the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 18, 2024.

Japan's finance minister gives fresh warning on excessive yen moves

Reuters |Updated 43 minutes ago |1 min read

WASHINGTON (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday authorities would take appropriate action against excessive currency market moves, repeating his warning to investors against pushing down the yen too much. There has ...

A Canadian Loonie, otherwise known as a one dollar coin, is displayed on top of an American one dollar bill in this posed photograph in Toronto.

C$ notches weekly gain as market works off oversold position

Fergal Smith |Updated 50 minutes ago |2 min read

By Fergal Smith TORONTO (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Friday as oil prices rose and the market took stock of recent losses for the currency, but the move was limited following the recent move in ...

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

Analysis-Political heat prods Japan, South Korea to team up on weak currencies

Leika Kihara |Updated 1 hour ago |4 min read

By Leika Kihara WASHINGTON (Reuters) - The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the political heat they face from stiff inflation ...

Amazon advertising chief steps aside for new role

Greg Bensinger |Updated 1 hour ago |1 min read

By Greg Bensinger (Reuters) - Amazon.com's advertising chief Colleen Aubrey, who has held that role for nearly three years, is moving to a new undisclosed position at the company. Spokeswoman Kristin Mariani said Aubrey's new position would be ...

IMF says Latam, Caribbean economies resilient but more growth is needed

Rodrigo Campos |Updated 1 hour ago |2 min read

By Rodrigo Campos (Reuters) - Stronger macroeconomic policy is partly behind the resilience of economies across Latin America and the Caribbean, the International Monetary Fund said Friday in its regional review of the Western Hemisphere. The ...

A representation of cryptocurrency Tether is placed on a PC motherboard, in this illustration taken June 16, 2023.

Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says

Federico Maccioni |Updated 1 hour ago |2 min read

By Federico Maccioni DUBAI (Reuters) - Stablecoin Tether's recent growth is being driven by its use as an alternative to the U.S. dollar in emerging markets, rather than by demand for cryptocurrency trading, Tether CEO Paolo Ardoino told Reuters ...