Business articles

Americans buy more trucks, SUVs in February

Americans’ strong appetite for light trucks and sport utility vehicles helped drive sales higher in February at some automakers, while others struggled with continued weakening demand for sedans and compact cars.

German inflation bursts target but ECB seen unmoved

Germany’s inflation shot to a four-and-a-half year high in February, but analysts predicted Wednesday that it will not convince the European Central Bank to drop its ultra-loose monetary policy.

Bank of Canada maintains key lending rate at 0.5%

Canada’s central bank maintained its key lending rate at 0.5 percent on Wednesday, saying it remains worried about “significant uncertainties” going forward despite a surprise uptick in the economy.

Netflix vaunts Euro productions’ worldwide fanbase

Made-in-Europe productions from streaming video platform Netflix are a hit in the rest of the world, the US firm’s chief executive said Wednesday in Berlin, promising more series and movies from the Old Continent.

US stocks open sharply higher following Trump speech

US stocks surged back to records as trading opened Wednesday, with the Dow topping 21,000 for the first time, as markets embraced a softer tone in President Donald Trump’s congressional address Tuesday night.

Chinese magnate buys London ‘Cheesegrater’ skyscraper

Chinese property magnate Cheung Chung Kiu has agreed to buy London’s distinctive “Cheesegrater” skyscraper for £1.15-billion, current owner British Land said Wednesday, as foreign buyers profit from sterling’s slump.