It’s like an inviolable law that’s been embedded in the psyche of every oilman since the Model T made its debut a century ago: Car-crazy Americans will keep driving more and more every year, using more and more gasoline. That assumption that’s held true for so long is now reversing.... [more]
Led by British Columbia, Canada emerged as the largest exporter of lumber in the world to China in 2011, surpassing Russia as the Middle Kingdom’s No. 1 source for lumber. “We are king of the hill,” Gerry Van Leeuwen, of the Vancouver consultants International Wood Markets Group, said Tuesday. “We... [more]
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. Brazil’s President Rousseff made history on Thursday evening when she announced that she was partially dismantling yet another legacy of the country’s former inflation-led economy. The poupança, the... [more]
Bank of Montreal (BMO) said Monday it is opening a representative office in Abu Dhabi, as the Canadian lender seeks to grow its capital markets and asset management business in the Middle East by gaining better access to the region’s sovereign wealth funds. Toronto-based BMO currently has around $107 billion... [more]
An aging St. Paul steel recycling mill will get a $50 million investment from its parent company for major equipment improvements, ensuring the steel mill’s competitiveness and safeguarding 330 jobs, according to city and business officials. Gerdau, a Brazilian steel producer with plants around the globe and the United States,... [more]
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