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EU says China needs to give EU companies fair market access + MORE Jul 11th
BEIJING, China – The EU trade commissioner said Monday that China has to give European companies the same kind of market access that Chinese companies enjoy in Europe before discussions can start on a bilateral free trade agreement.
Cecilia Malmstrom said market access and other issues need to.... More »
ETF strategies to help Canadian investors combat a weak loonie + MORE Jan 29th
While recent moves from the Bank of Canada and the U.S. Federal Reserve primarily influence borrowing costs, they’ve also contributed to a sharp divergence in currency exchange rates. Specifically, the Canadian dollar has depreciated significantly against the U.S. dollar. When interest rates .... More »
Simple daily practices that will empower you financially Nov 2nd
Sharpening your financial skills is an act of self-love. Follow these expert tips to take control of your finances, even if you’re starting from zero..... More »
David Olive: BlackBerry stock popped while CAE dropped — here are this week’s corporate winners and losers + MORE Jan 25th
Stock surges and setbacks for the week ending Jan. 22.... More »
5 New Jumbo Reverse Mortgage Options For 2020 Oct 4th
So you want to know about new jumbo reverse mortgage options for this year, right? Okay, for your honor we will be discussing here the top new 5 versions of jumbo. But before going through those versions, you had better know as a loan what Jumbo is.
Well, a jumbo mortgage is one sort of financing. .... More »
Husky Energy selling 65% interest in some midstream assets for $1.7B
– canadianbusiness.com
CALGARY – Husky Energy (TSX: HSE) says it is selling 65 per cent of its ownership interest in some midstream assets in the Lloydminster region of Alberta and Saskatchewan for $1.7 billion in cash.
Husky says that after the sale to Cheung Kong Infrastructure Holdings Ltd. and Power Assets Holdings Ltd. it will retain a 35 per cent interest in the assets and remain the operator.
The assets include about 1,900 kilometres of pipeline in the Lloydminster region, 4.1 million barrels of oil storage capacity at Hardisty and Lloydminster, and other ancillary assets.
Husky, one of Canada’s largest integrated oil companies, said a new limited partnership is to be formed with Power Assets holding a 48.75 per cent interest, Husky with its 35 per cent and Cheung Kong Infrastructure with a 16.25 per cent interest.
The announcement came as the company reported its net loss soared to $458 million or 47 cents per diluted share in the first quarter compared with a loss of $69 million or nine cents per share in same prior-year period…
Husky says that after the sale to Cheung Kong Infrastructure Holdings Ltd. and Power Assets Holdings Ltd. it will retain a 35 per cent interest in the assets and remain the operator.
The assets include about 1,900 kilometres of pipeline in the Lloydminster region, 4.1 million barrels of oil storage capacity at Hardisty and Lloydminster, and other ancillary assets.
Husky, one of Canada’s largest integrated oil companies, said a new limited partnership is to be formed with Power Assets holding a 48.75 per cent interest, Husky with its 35 per cent and Cheung Kong Infrastructure with a 16.25 per cent interest.
The announcement came as the company reported its net loss soared to $458 million or 47 cents per diluted share in the first quarter compared with a loss of $69 million or nine cents per share in same prior-year period…
Business Highlights
– canadianbusiness.com
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Fed will likely keep rates unchanged in face of global slump
WASHINGTON (AP) — The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows.
With the global economy struggling and U.S. inflation still below the Fed’s target rate, many economists see little likelihood of a rate increase even before the second half of the year.
The outlook for the world economy was downgraded this month by the International Monetary Fund, which warned of the risk of another international recession. Any major global slump would, in turn, hinder U.S. growth.
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USA Today owner Gannett bids for LA Times publisher Tribune
NEW YORK (AP) — Gannett wants to buy Tribune Publishing for more than $388 million, in a deal that would give the owner of USA Today control of the Los Angeles Times, Chicago Tribune and several other newspapers. But Gannett said Monday that Tribune has refused to start “constructive discussions” since it first offered to buy its rival earlier this month…
Fed will likely keep rates unchanged in face of global slump
WASHINGTON (AP) — The U.S. job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows.
With the global economy struggling and U.S. inflation still below the Fed’s target rate, many economists see little likelihood of a rate increase even before the second half of the year.
The outlook for the world economy was downgraded this month by the International Monetary Fund, which warned of the risk of another international recession. Any major global slump would, in turn, hinder U.S. growth.
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USA Today owner Gannett bids for LA Times publisher Tribune
NEW YORK (AP) — Gannett wants to buy Tribune Publishing for more than $388 million, in a deal that would give the owner of USA Today control of the Los Angeles Times, Chicago Tribune and several other newspapers. But Gannett said Monday that Tribune has refused to start “constructive discussions” since it first offered to buy its rival earlier this month…
Investors, brace for more stock-market volatility: Citi
– theglobeandmail.com
Citi’s chief U.S. equity strategist Tobias Levkovich warns of continued stock-market instability, and here's the chart that backs him up
CN Rail downgrades earnings outlook
– cbc.ca
Canadian National Railway reported much higher than expected net profit in the first quarter but said lower commodity shipments weighed on revenue and have prompted a downward revision to the company’s 2016 financial outlook.
Saudi Arabia has unveiled a broad plan meant to diversify the country’s oil-focussed economy and boost foreign investment.
