• Fires and climate fears rattle Australia’s giant coal lobby
    Financial Post - 24 minutes ago
    SYDNEY — As bushfires and floods fuel public concerns in Australia about global warming, the country’s powerful mining lobby is facing increasing pressure from investors to drop support for new coal mines, according to a dozen interviews with shareholders in global mining companies. Nearly a third of shareholders in BHP…
  • Olympics-‘All about the spirit’: Japan’s kendo master readies for Olympic torch relay
    Financial Post - 26 minutes ago
    TOKYO — Shigeru Aoki weathers the assault by his young student, who whacks him on the head with her bamboo sword until she suddenly stops, takes a few steps back and, slightly out of breath, bows. Aoki, 70, an eighth-degree kendo master, returns the bow, cutting a menacing but graceful…
  • Asia looks to safer shores in U.S. assets as virus spreads
    Financial Post - 27 minutes ago
    SYDNEY — Asian shares were under water on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets, lofting the dollar to three-year highs. Even Wall Street turned soggy late on Thursday on news of increased infections in Beijing and…
  • Wheat edges higher, set for biggest weekly gain in almost 3 months
    Financial Post - 32 minutes ago
    SYDNEY — U.S. wheat futures edged higher on Friday, as concerns over global supplies put the grain on course for its biggest weekly jump in nearly three months. FUNDAMENTALS * The most active wheat futures have gained more than 3% so far this week, set for the biggest weekly gain…
  • Coronavirus to be big topic for G20 as China reports uptick in cases
    Financial Post - 40 minutes ago
    BEIJING — China reported an uptick in new cases of coronavirus on Friday although the rise in infections remained at its slowest pace since January, a downward trend which the World Health Organization (WHO) has called encouraging. The epidemic is set to be a major focus of discussion at a…
  • Mexico ratifies rule requiring trucks, buses to run on cleaner diesel
    Financial Post - 43 minutes ago
    MEXICO CITY — The Mexican government on Thursday ratified an environmental rule that requires truck and bus makers to manufacture and sell only vehicles running on clean diesel starting in January 2021, despite criticism from the industry. The Environment Ministry said in a statement that the rule, which mandates ultra-low-sulfur…
  • Brazil’s Vale knew Brumadinho dam was unsafe as early as 2003 – internal report
    Financial Post - 1 hour ago
    BRASILIA/RIO DE JANEIRO — An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster that killed 270 people a year ago found the company knew about the problem but failed to deal with it. An executive summary of the report…
  • Advanced Bionics Announces Voluntary Field Corrective Action of The HiRes Ultra / Ultra 3D Cochlear Implant
    Financial Post - 1 hour ago
    VALENCIA, Calif. — Advanced Bionics (AB), a global leader in developing advanced cochlear implant systems, announced today that it has begun notifying regulatory authorities that it will voluntarily initiate a field corrective action related to the initial version of HiRes Ultra and Ultra 3D cochlear implant devices due to a…
  • Australian Banks to Face Climate Stress Tests, Regulator Says
    Financial Post - 1 hour ago
    (Bloomberg) — Get serious on climate change risks. That’s the message from Australia’s prudential regulator as it joined counterparts in the U.K., the Netherlands and Singapore in ramping up its surveillance of how ready financial institutions are to deal with climate change. Banks will have to undertake stress tests to…
  • Soft inflation adds to Japan’s economic woes, keeps BOJ under pressure
    Financial Post - 1 hour ago
    TOKYO — Japan’s annual core consumer inflation picked up only slightly in January, keeping the Bank of Japan under pressure to maintain its massive monetary stimulus to support a fragile economy saddled with weak growth and prices. Stubbornly tame inflation is a worry for the world’s third-largest economy as it…