A.Y.K. International Inc., the maker of Secret and Silk pantyhose, has struck a deal to purchase insolvent Sheertex parent SRTX Inc., The Globe and Mail reported. SRTX and three affiliates last week filed a notice of intention to make a proposal under the federal Bankruptcy and Insolvency Act, with PricewaterhouseCoopers Inc. acting as trustee. The deal, which requires court approval, would be structured as a “reverse vesting” deal, meaning that assets and liabilities that Montreal-based A.Y.K. doesn’t want would be transferred to a separate entity. A.Y.K.

China said on Wednesday it had already met obligations linked to Washington's Section 301 unfair trade practices statute, after the U.S. Trade Representative signalled he would continue investigations that could lead to more tariffs, Reuters reported. Beijing made an agreement with the United States linked to that statute in 2020, a spokesperson from China's Commerce Ministry said. China hoped the U.S. would not "shift responsibility" or "provoke trouble" but will instead see that the agreement had been implemented, the spokesperson added in a statement. U.S.

Peter Kyle, the Business Secretary, has said he is confident Britain’s trade deal with the US still stands after Donald Trump’s 10pc global tariffs took effect, The Telegraph reported. “I can say with some confidence... that the [deal] that we have negotiated,” Mr Kyle told a parliamentary committee.

Factory activity in Canada hit the brakes last month, with an early estimate pointing to a sharp retreat in sales, the Wall Street Journal reported. Manufacturing shipments fell by about 3.3% in January from a month prior, an early tally by Statistics Canada showed. That would mark a third decline in the last four months. The largest declines to start the year were in transportation equipment and machinery, the data agency said Tuesday.

Sen. Richard Blumenthal (D-Conn.) has opened a preliminary inquiry into Binance following reports that the cryptocurrency exchange allowed $1.7 billion in transactions tied to Iranian entities and Russia’s sanctions-evading oil trade, Decrypt.com reported. The probe follows reporting by The Wall Street Journal alleging that internal Binance investigators uncovered transfers from accounts on the platform to intermediaries connected to Iran, including entities linked to the Islamic Revolutionary Guards Corps and Yemen’s Houthi militants.

The United States began collecting a temporary new 10% global import tariff on Tuesday but the Trump administration was working to increase it to 15%, a White House official said, sowing confusion over President Donald Trump's tariff policies in the wake of last week's Supreme Court defeat, Reuters reported. Trump initially signed an order on Friday for a 10% tariff to last 150 days to replace broad duties under an emergency law that were struck down by the Supreme Court, but on Saturday, he said that he would increase the rate to 15%.

Wall Street stocks declined on Monday after the European Union delayed a trade deal with the U.S. after Donald Trump said he would impose new blanket 15pc global tariffs, The Telegraph reported. The tech-heavy Nasdaq Composite and the S&P 500 both shed 1.2pc, while the Dow Jones industrial Average fell 1.5pc. The European Parliament’s trade committee had been due to vote on Tuesday about whether to adopt a deal that would have lowered duties on both sides of the Atlantic. However, the plan has been thrown into disarray after the Supreme Court struck down swathes of the U.S.

China is closely monitoring U.S. policies and will decide "in due course" whether to adjust countermeasures to U.S. tariffs, a commerce ministry official said on Tuesday after President Donald Trump said he would levy a new temporary tariff of 15% on U.S. imports from all countries, Reuters reported. China is willing to hold frank consultations during an upcoming sixth round of U.S.-China economic and trade talks, the commerce ministry official added. "China has consistently opposed all forms of unilateral tariff measures and urges the U.S.

Panama on Monday took over operations of container terminals at the Panama Canal, ending more than three decades of management by China, Freight Waves reported. Hong Kong-based CK Hutchison Holdings Limited in a release said that it had been informed that Panamanian authorities made direct physical entry into the terminals at Balboa and Cristobal operated by subsidiary Panama Ports Company, S.A.

The financial restructuring process of Azul under Chapter 11 of the United States Bankruptcy Code reached its conclusion on February 20. Following the full repayment of the DIP (Debtor-in-Possession) financing and the settlement of its share offering, the company emerges with a reduction in debt and lease obligations of approximately $2.5 billion, AviaciOnline.com reported. The airline successfully repaired its balance sheet through strategic agreements with key creditors, including the lessor AerCap and U.S. carriers United Airlines and American Airlines.