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Morgan Stanley will sell oil storage and transport business after facing scrutiny + MORE May 11th
NEW YORK, N.Y. – Morgan Stanley is selling its oil storage and transport business, which has drawn scrutiny from Congress, to commodities trading company Castleton.
Castleton is buying oil terminal storage agreements, inventory, oil purchase and sale and supply deals, and freight shipping cont.... More »
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war - Investing.com + MORE Mar 23rd
Iran conflict latest: IEA warns of "very severe" oil crisis sparked by war Investing.comMore than 40 Middle East energy assets ‘severely damaged,’ IEA chief says CNBCIran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, says IEA chief | First Thi.... More »
Trump victory gives world's biggest pension fund a new best friend + MORE Nov 28th
The Government Pension Investment Fund was criticized for taking on too much risk, but it’s doing well as stock markets surge and the yen tumbles
.... More »
A second wave of COVID-19 could pummel the markets — here’s how to protect your portfolio Aug 4th
Now that stock prices have rebounded close to where they were before the crash, it’s a good time to make sure your finances are resilient..... More »
Bill Morneau didn’t place assets in blind trust, raising conflict-of-interest risk + MORE Oct 16th
Finance Minister’s office, ethics czar won’t reveal whether Morneau has sold shares in family firm
.... More »
Lots of hype but muted impact as Alcoa kicks off earnings season
– theglobeandmail.com
Alcoa is likely to garner lots of attention on Wednesday when it reports its third-quarter results
Teachers from across Portugal protest in Lisbon against austerity cuts, education reforms
– canadianbusiness.com
LISBON, Portugal – Several hundred Portuguese schoolteachers are staging a demonstration in Lisbon to protest the government’s education policies.
Seven teachers’ unions organized the march Sunday, attracting protesters from across the country.
Among the issues angering the unions are evaluation tests for seasoned teachers, a lack of investment in specialized training, cuts to school budgets and layers of additional bureaucratic responsibilities being added to teachers’ workloads. The protesters are also upset over the forced closure of schools with too few students.
Portugal’s centre-right government has cut funds for public education and trimmed teachers’ pay in recent years as part of an austerity program. The measures were among those enacted in return for Portugal’s three-year, 78 billion euro ($101 billion) international bailout.
The post Teachers from across Portugal protest in Lisbon against austerity cuts, education reforms appeared first on Canadian Business.
Seven teachers’ unions organized the march Sunday, attracting protesters from across the country.
Among the issues angering the unions are evaluation tests for seasoned teachers, a lack of investment in specialized training, cuts to school budgets and layers of additional bureaucratic responsibilities being added to teachers’ workloads. The protesters are also upset over the forced closure of schools with too few students.
Portugal’s centre-right government has cut funds for public education and trimmed teachers’ pay in recent years as part of an austerity program. The measures were among those enacted in return for Portugal’s three-year, 78 billion euro ($101 billion) international bailout.
The post Teachers from across Portugal protest in Lisbon against austerity cuts, education reforms appeared first on Canadian Business.
Fracking opponents should stop biting the hand that feeds
– theglobeandmail.com
In a choice between building wealth or building debt, frack-fearing voters chose debt
Ottawa's own backyard a land of missed development opportunities
– theglobeandmail.com
The National Capital Commission wants to transform LeBreton Flats, one of the last patches of undeveloped downtown Ottawa real estate into a new signature destination for Canada
Report: Head of IMF says world body to attend investors conference in Egypt in February
– canadianbusiness.com
CAIRO – The head of the International Monetary Fund said in remarks published Sunday that the world body will attend an investment conference in Egypt in February during which authorities hope to raise billions of dollars to revive the country’s battered economy.
Ahead of the conference, IMF hopes to prepare a long-delayed assessment of Egypt’s economy, IMF Managing Director Christine Lagarde told the Saudi-owned Arabic daily Ashraq Al-Awsat.
Lagarde said Cairo’s recent efforts at reforms, including the reduction of energy subsidies, were “a good start” toward improving Egypt’s crippling budget deficit.
Egypt has not asked for an IMF loan — which it hasn’t secured during negotiations in the past three years of turmoil — but wants the IMF to resume its periodic economic assessments of the country’s economy, Lagarde said.
IMF last conducted such a review for Egypt in 2010 but subsequent reviews were hampered by the political turmoil, fund officials said…
Ahead of the conference, IMF hopes to prepare a long-delayed assessment of Egypt’s economy, IMF Managing Director Christine Lagarde told the Saudi-owned Arabic daily Ashraq Al-Awsat.
Lagarde said Cairo’s recent efforts at reforms, including the reduction of energy subsidies, were “a good start” toward improving Egypt’s crippling budget deficit.
Egypt has not asked for an IMF loan — which it hasn’t secured during negotiations in the past three years of turmoil — but wants the IMF to resume its periodic economic assessments of the country’s economy, Lagarde said.
IMF last conducted such a review for Egypt in 2010 but subsequent reviews were hampered by the political turmoil, fund officials said…
