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Russia said on Saturday it expected commodity flows with China to grow and trade with Beijing to reach US$200 billion by 2024, as Moscow faces mounting isolation from the West.
Source: ctv business
Russia expects trade with China to reach US0 billion by 2024: report

Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than US$50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone.
Source: ctv business
Warren Buffett tells shareholders about spending US billion

Indian authorities on Saturday seized US$725 million from Chinese smartphone company Xiaomi, accusing it of breaking the country’s foreign exchange laws by making illegal remittances abroad, officials said.
Source: ctv business
India seizes US5 million from Chinese company Xiaomi

China’s manufacturing activity fell to a six-month low in April as lockdowns continued in Shanghai and other manufacturing hubs in an attempt to stem COVID-19 outbreaks, according to a survey released Saturday.
Source: ctv business
China manufacturing weakens further as lockdowns continue

Prices for Russian credit default swaps — insurance contracts that protect an investor against a default — plunged sharply overnight after Moscow used its precious foreign currency reserves to make a last minute debt payment on Friday.
Source: ctv business
Despite payment, investors brace for Russia to default

DavidsTea Inc. brewed its first annual profit in seven years as it capped a recovery year by swinging to a profit in the fourth quarter.
Source: ctv business
DavidsTea brewed up an annual profit for the first time in seven years

Poland’s state gas giant said Friday it was gradually restoring the flow of natural gas to municipalities that lost it after a Russian company halted supplies when Warsaw slapped it with sanctions over Russia’s invasion of Ukraine.
Source: ctv business
Poland is restoring gas supplies halted by Russian firm

Lawyers for OxyContin maker Purdue Pharma and many of those who had claims against the company over the toll of opioids joined together Friday to urge a federal judicial panel to advance a plan that would settle lawsuits across the country.
Source: ctv business
Appeals court to consider paving way for Purdue Pharma deal

The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized rate hike in June.
Source: ctv business
Economy surged ahead in February, fuelling expectations of another interest rate hike

A new pipeline due to start commercial operation in June is designed to ensure that large volumes of gas flow between the two countries in both directions to generate electricity, fuel industry and heat homes.
Source: ctv business
New gas pipeline boosts Europe’s bid to ease Russian supply