National Business

MOSCOW (AP) — Russian President Vladimir Putin warmly welcomed Chinese leader Xi Jinping to the Kremlin on Monday, sending a powerful message to Western leaders that their efforts to isolate Moscow over the fighting in Ukraine have fallen short.

OSHAWA, Ont. — Finance Minister Chrystia Freeland outlined some of the key government spending priorities as she kicked a week of pre-budget events. Speaking to a group of electrician students at a union training centre in Oshawa, Ont.

TORONTO — ISS Corporate Solutions, Inc. says for the first time ever women hold one-third of the board director positions across companies listed on the S&P/TSX composite.

TORONTO — Credit rating agency DBRS Morningstar says funding levels at Canadian banks are stable despite about $57 billion in lost market capitalization for the Big Six banks over the past two weeks.

LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price.

NEW YORK (AP) — Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.

TORONTO — Data from an environmental group shows RBC's fossil fuel expansion-related funding jumped by almost half last year to its highest level since the Paris climate agreement was reached in 2015. Stand.earth says the bank's US$10.

TORONTO — The liquidation sales at Nordstrom stores across Canada will begin Tuesday.

NEW YORK (AP) — Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday.

NEW YORK (AP) — New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.