An investment group led by BlackRock, a giant American asset manager, has agreed to buy two ports in Panama that are owned by a Hong Kong company and that have become the subject of tensions between Panama and the Trump administration, the New York Times reported.

A top official of Indian tech firm Byju’s violated his fiduciary duty to lenders by wrongly hiding $533 million from them, according to a US court ruling on Friday, a win for creditors vying to collect on a defaulted $1.2 billion loan, Bloomberg News reported. Byju’s fraudulently transferred at least part of the money to a small hedge fund based in Miami to keep it out of lenders’ hands, U.S. Bankruptcy Judge John Dorsey also ruled.

Company executives and foreign officials are scrambling to avert the consequences of another tight deadline from President Trump, who has threatened to put stiff tariffs on goods coming in from China, Canada and Mexico starting just after midnight Tuesday. The president describes this as an effort to pressure those countries to stop the flow of deadly drugs and migrants to the United States. But Mr.

The Ontario Municipal Employees Retirement System booked a loss on its $325 million investment in Northvolt AB, the Swedish electric vehicle battery maker that filed for bankruptcy protection last year, Bloomberg News reported. “At the time we made the investments, Northvolt represented an attractive growth opportunity supported by several other of the world’s most respected investors,” a spokesperson for the pension manager said by email.

Canada's big bank CEOs are urging the federal government to remove internal trade barriers, evaluate tax policies and other regulation as the country's top lenders cautioned that tariff and trade risks are clouding the economic outlook, Reuters reported. The six big Canadian banks, which control more than 90% of the banking market and are among the biggest publicly listed companies in Canada, beat analysts' expectations for first-quarter profits but set aside large sums to shield against bad loans in an uncertain economy. The banks' CEOs delivered similar remarks on earnings calls this week.

Canada’s economic growth accelerated last quarter and momentum carried into the start of this year as the central bank’s forceful rate cuts boosted household spending, Bloomberg News reported. Advance data suggest gross domestic product rose 0.3% in January, following a 0.2% expansion in December that ended the fourth quarter with a stronger-than-expected increase at a 2.6% annualized pace, Statistics Canada said Friday. That’s the strongest growth since the second quarter, and a pickup from an upwardly revised 2.2% increase between July and September.

The founder of a cryptocurrency financial services firm has been extradited from Portugal to face U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies, Reuters reported. Aleksei Andriunin, the CEO of cryptocurrency "market maker" Gotbit, was ordered detained following an appearance in Boston federal court on Wednesday, one day after his extradition. Andriunin was indicted in October on charges of wire fraud and conspiracy to commit market manipulation and wire fraud.

President Donald Trump says he plans to impose tariffs on Canada and Mexico starting next Tuesday, in addition to doubling the 10% universal tariff charged on imports from China, Reuters reported. Posting on Truth Social on Thursday, Trump said that illicit drugs such as fentanyl are being smuggled into the United States at “unacceptable levels" and that import taxes would force other countries to crackdown on the trafficking.

President Donald Trump said he expected tariffs planned to take effect on Canada and Mexico to go ahead next month following an initial delay to allow the countries more time to address his concerns over border security, Bloomberg News reported. “The tariffs are going forward on time, on schedule,” Trump said Monday from the White House during a joint press conference with French President Emmanuel Macron. Trump was asked if the tariffs, which he delayed until March 4, would go into effect.