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

Compass 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 1 hour ago |3 min read

East Coast Credit Union assets hit $1.3 billion in 2023

Updated a day ago |1 min read

MONEY LADY PODCAST: How to author a wealthier life

Updated 23 hours ago |1 min read

HALIFAX RETALES: Danielle Latour tapping the Korean rice beverage market

Updated Apr. 15, 2024 |3 min read

SYLVAIN CHARLEBOIS: The Trudeau paradox of more spending and more hunger

Updated 21 hours ago |4 min read

Prices at the Pumps: An up and down week at the pumps

Updated Apr. 17, 2024 |1 min read

People are reflected on a Honda Motor car outside the company's headquarters in Tokyo, Japan February 2, 2017. Picture taken February 2, 2017.

Honda to invest $808 million in Brazil by 2030

Reuters |Updated 3 minutes ago |1 min read

BRASILIA (Reuters) - Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a hybrid-flex vehicle in the South American ...

Nike to lay off 740 employees at Oregon headquarters

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The "second ...

Bank of Mexico deputy governor sees rates on hold for longer than expected

Marcela Ayres |Updated 23 minutes ago |3 min read

By Marcela Ayres WASHINGTON (Reuters) - Bank of Mexico Deputy Governor Jonathan Heath said on Friday the benchmark interest rate is likely to remain unchanged for longer than expected by markets, noting it would likely stay put at 11% at the May ...

Cove Soda founders Ryan and John MacLellan outside the Bayers Lake Costco on Tuesday, April 16, 2024. Cove Soda will now be available in Costcos across the United States.
Ryan Taplin - The Chronicle Herald

THE WRAP: $100 million in soda, streamlined shellfish, and only the poor change eating habits

Brian Mumford · Digital editor |Updated 8 hours ago |6 min read

Cove spilling into U.S. big box market “It wasn’t very long ago our goal was $10 million (in revenue),” John MacLellan, co-founder of Cove drinks, said during an interview on Tuesday. Now they're looking at a $100 million revenue forecast following a ...

Flags fly over the Federal Reserve building on a windy day in Washington, U.S., May 26, 2017.

Fed report cites inflation, US election as key financial stability risks

Howard Schneider, Pete Schroeder |Updated 53 minutes ago |3 min read

By Howard Schneider and Pete Schroeder WASHINGTON (Reuters) - Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's latest survey of U.S. central bank contacts, with ...

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.

Fed says 1,804 banks and other institutions tapped emergency lending facility

Reuters |Updated 53 minutes ago |1 min read

(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday. About 95% of ...

A Lululemon store in the CF Toronto Eaton Centre shopping mall in Toronto, Ontario, Canada December 13, 2021.

Lululemon to shutter Washington distribution center, lay off 128 employees

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the ...

A view of Cobre Panama mine of Canadian First Quantum Minerals, one of the world's largest open-pit copper mines, during a media tour, in Donoso, Panama, January 11, 2024.

Governments must broker local support for mines, industry group says

Ernest Scheyder |Updated 1 hour ago |3 min read

(This April 17 story has been officially corrected after the industry trade group clarifies to say it believes industry has a role to play in the government's FPIC review process, in paragraph 9) By Ernest Scheyder SANTIAGO (Reuters) - The ...

IMF Managing Director Kristalina Georgieva speaks during a press briefing at the International Monetary and Financial Committee (IMFC) plenary session at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024.

Debt, fiscal challenges facing low-income countries worry IMF

Andrea Shalal, David Lawder |Updated 1 hour ago |2 min read

By Andrea Shalal and David Lawder WASHINGTON (Reuters) - Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt ...

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 1 hour 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 ...