Canada is launching an anti-dumping investigation into truck body imports from China just as Prime Minister Mark Carney is trying to ease trade tensions with the east Asian country. https://t.co/O8HO6GEeEM ...

Core Viewpoint - Trade tensions between the US and Canada have escalated following Ontario's government releasing an advertisement featuring former President Ronald Reagan discussing the negative impacts of tariffs [1][2]. Group 1: Advertisement and Its Content - Ontario's government, led by Premier Doug Ford, launched an ad on October 16, 2025, using excerpts from Reagan's 1987 speech to argue against American tariffs on Canada [1][2]. - The ad emphasizes Reagan's warning that tariffs, while appearing "patriotic," ultimately harm American workers and consumers, leading to retaliation and trade wars that can result in market collapses and job losses [1][2]. Group 2: Reactions and Controversies - The Ronald Reagan Presidential Foundation and Institute criticized Ontario for "misrepresenting" Reagan's remarks and stated that permission was not sought for the use of the speech [3]. - Former President Trump reacted by labeling the advertisement as "FAKE" and announced the termination of all trade negotiations with Canada, asserting the importance of tariffs for US national security and economy [8][9]. - A spokesperson for Premier Doug Ford defended the ad, claiming it used an "unedited excerpt" from Reagan's speech and reiterated that Reagan supported free trade between Canada and the US [9].

Core Insights - Hiab's profitability has been negatively impacted by lower sales in the US market, leading to a decrease in comparable operating profit margin to 11.4% [10][15][17] - The company has maintained its outlook for 2025, estimating a comparable operating profit margin above 13.5% [4][20] Financial Performance - In Q3 2025, orders received decreased by 3% to EUR 351 million compared to EUR 361 million in Q3 2024 [9][10] - Sales in Q3 2025 fell by 11% to EUR 346 million from EUR 388 million in Q3 2024, with a notable organic decrease of 8% in constant currencies [10][17] - The order book at the end of Q3 2025 was EUR 557 million, down 12% from EUR 636 million at the end of 2024 [9][10] - Services sales increased to 34% of total sales, up from 29% in the previous year [9][10] Segment Performance - The Equipment segment saw a 17% decline in sales to EUR 230 million in Q3 2025, while the Services segment experienced a 4% increase to EUR 116 million [22] - The comparable operating profit for the Equipment segment decreased by 48% to EUR 20.2 million, while the Services segment's profit increased by 24% to EUR 27.3 million [22] Cash Flow and Debt - Cash flow from operations before finance items and taxes was EUR 69 million, a decrease of 53% from EUR 147.6 million in Q3 2024 [14][17] - The company reported a strong net cash position of EUR 308 million following the sale of MacGregor, enhancing its capacity for future investments [19] Strategic Developments - Hiab has initiated a program targeting a EUR 20 million reduction in costs by 2026 to address current market challenges [18] - The company continues to focus on growth in key segments, particularly in North America and Services, while also prioritizing business excellence and M&A activities [18] Market Outlook - Despite current challenges, Hiab remains confident in achieving its long-term growth targets, aiming for over 7% annual growth [18][20] - The company has set ambitious climate targets, which are currently under validation by the Science Based Targets initiative (SBTi) [20]

Core Points - Donald Trump has announced the termination of all trade negotiations with Canada in response to a TV advert opposing US tariffs, claiming it was factually incorrect [1][2] - The advert featured former president Ronald Reagan criticizing tariffs for causing job losses and trade wars, which has led to accusations from the Ronald Reagan Presidential Foundation against the Ontario government for using selective audio and video [2][3] - This announcement could escalate existing trade tensions between the US and Canada, which have been building for months, despite recent talks between Canadian Prime Minister Mark Carney and Trump [3] Trade Impact - More than 75% of Canada's exports are directed to the US, with C$3.6 billion (approximately £1.9 billion) of Canadian goods crossing the border daily [6]

Core Insights - Wall Street experienced a marginal increase on Thursday, influenced by disappointing earnings reports from Tesla and IBM, alongside ongoing U.S.-China trade tensions that limited risk appetite [1] Company Summaries - Tesla reported underwhelming earnings, contributing to a cautious market sentiment [1] - IBM also posted disappointing earnings, further impacting investor confidence [1] Industry Context - The U.S.-China trade tensions continue to simmer, affecting overall market risk appetite and investor behavior [1]

Core Insights - The company reported a significant decline in revenues for Q3 2025, with total sales down 10.5% compared to Q3 2024, and a nine-month revenue decrease of 9.2% to €127.5 million [1][4][24] Revenue Breakdown - France cluster revenues for the first nine months of 2025 were €50.0 million, reflecting a 19.3% decline compared to 2024, with Q3 sales down 23.4% [9][10] - International cluster revenues decreased by 1.2% to €77.5 million for the nine-month period, with Q3 sales down 1.1% [11][12] Brand Performance - The William Peel brand faced challenges due to delisting from certain Off-Trade distributors, contributing to a 7.1% decline in consolidated revenue over nine months [9][10] - The Marie Brizard brand experienced sales growth driven by innovations launched in 2024, while Sobieski showed resilience in a competitive environment [7][10] - Spain reported a strong Q3 performance with a 6.0% sales increase, primarily due to Industrial Services [12] Market Conditions - The decline in sales was attributed to difficult annual commercial negotiations and a continuing downturn in the spirits market, particularly in France [7][17] - Export activity faced challenges despite growth in specific markets like Benelux and Poland, with overall export revenues down 18.8% in Q3 [3][11] Strategic Initiatives - The company is focusing on establishing conditions for sustainable development and strengthening its market presence through targeted initiatives and cost management [16][20] - Efforts are being made to mitigate the impact of trade tensions and inflation in cost prices, including price adjustments and expense reductions [18][19] Future Outlook - The company aims to identify profitable growth opportunities, both organic and external, amidst ongoing consolidation in the wine and spirits market [21][24]

Core Viewpoint - Stocks remained largely unchanged as investors evaluated quarterly earnings from major companies like Tesla and IBM [1] Company Summaries - Tesla's quarterly earnings were a focal point for investors, indicating its performance and market position [1] - IBM's earnings report also contributed to the overall market sentiment, reflecting its operational results and strategic direction [1] Industry Insights - The overall market, represented by the Dow Jones Industrial Average and S&P 500, showed minimal movement, suggesting a period of consolidation as investors digest recent earnings reports [1]

Group 1 - Indian shares are expected to open sharply higher due to cautious optimism reflected in Muhurat Trading, with hopes pinned on a potential U.S.-India trade deal that could significantly lower tariffs on Indian exports from an average of 50 percent to about 15-16 percent [1] - India may consider gradually reducing its imports of Russian crude oil in exchange for tariff concessions from the U.S., although market volatility is anticipated due to ongoing geopolitical tensions and rising oil prices following U.S. sanctions on Russia [2] - Oil prices have increased by more than 2 percent for the third consecutive session as a result of sanctions imposed by the Trump administration on Russia related to Ukraine [4] Group 2 - U.S. stocks experienced a decline overnight, influenced by weaker-than-expected earnings reports from Netflix and Texas Instruments, as well as concerns over potential export curbs to China in response to China's rare earth export restrictions [5] - European stocks mostly closed lower, with the pan-European STOXX 600 down by 0.2 percent, amid comments from President Trump regarding his meetings with Russian and Chinese leaders [6]

US and China tensions continue uh to escalate. President Trump says he's unsure uh if a meeting will happen with President Xi uh on his trip uh to Asia. Joining us now, United States Trade Representative, Ambassador Jameson Greer.It's been on, it's been off, it's been on again, off again. Do do you can you fill us in uh Mr. . Ambassador.Where do we stand right now with the president and and his meeting with uh President Xi. Well, there there's a spot for it on the schedule if it happens. Obviously, it's a m ...

LIVE S&P 500 Set to Open Up Ahead of Next Wave of Earnings Last Updated: 1 hour ago Oil Rises on Prospect of India Agreeing to Reduce Russian Oil Imports By Tools Customer Service Customer Center Network Adam Whittaker, Dow Jones Newswires Oil was rising on the prospect of a U.S.-India deal that could lead to India gradually reducing imports of Russian crude oil, MUFG's Soojin Kim wrote. Brent crude rose 1.6% to $62.30 a barrel and WTI was up 1.7% to $58.20 a barrel. A deal could potentially increase demand ...