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There's A Bigger Threat To London's Financial Capital Status Than Brexit - Forbes Sep 26th
ForbesThere's A Bigger Threat To London's Financial Capital Status Than BrexitForbesMove over Brexit, the biggest threat to London's status as Europe's leading financial center is now Jeremy Corbyn, the leader of Britain's increasingly left-leaning Labour Party. Jeremy Corby.... More »
Samsung Galaxy Z Fold7 “Sold Out” Across Major Cities, Production Ramped Up: Check Price And Top Features - NDTV Profit Jul 31st
Samsung Galaxy Z Fold7 “Sold Out” Across Major Cities, Production Ramped Up: Check Price And Top Features NDTV ProfitSamsung Galaxy Z Flip 7 review: great-looking and fun, but iterative Android The GuardianGalaxy Z Fold 7 is such a big hit that Samsung's run out of stock in.... More »
CI Financial scoops up ETF provider First Asset Capital + MORE Oct 23rd
Deal gives CI access to an ETF platform
.... More »
China’s manufacturing contracts for 3rd straight month in sign of economic weakness + MORE Nov 1st
BEIJING, China – China’s manufacturing contracted for the third consecutive month in October in a sign of weakness in the world’s second-largest economy.
The National Bureau of Statistics said Sunday that China’s purchasing managers’ index was 49.8 for October, the same.... More »
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide Apr 9th
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »
Bank of Korea unexpectedly cuts interest rate to record low, says growth weaker than expected
– canadianbusiness.com
SEOUL, South Korea – South Korea unexpectedly lowered its benchmark interest rate Thursday to a record low of 1.75 per cent, joining central banks from Europe to India in efforts to revitalize sluggish economic growth.
The quarter percentage point cut was the first interest rate cut by the Bank of Korea in five months. Analysts had predicted that the central bank would stand pat amid concerns that lower borrowing costs could accelerate growth in household debt.
But the central bank said South Korea’s economic growth and inflation this year will be lower than expected. There are also concerns in financial markets and at the finance ministry that South Korea could suffer falling prices, also known as deflation, which can cause prolonged economic stagnation as people and companies delay investment and spending.
“We took into consideration that it was necessary to revive recovery momentum,” BOK Governor Lee Ju-yeol told a press conference. He repeated his previous view that South Korea’s economy has not entered deflation…
The quarter percentage point cut was the first interest rate cut by the Bank of Korea in five months. Analysts had predicted that the central bank would stand pat amid concerns that lower borrowing costs could accelerate growth in household debt.
But the central bank said South Korea’s economic growth and inflation this year will be lower than expected. There are also concerns in financial markets and at the finance ministry that South Korea could suffer falling prices, also known as deflation, which can cause prolonged economic stagnation as people and companies delay investment and spending.
“We took into consideration that it was necessary to revive recovery momentum,” BOK Governor Lee Ju-yeol told a press conference. He repeated his previous view that South Korea’s economy has not entered deflation…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
China’s economic evolution sets stage for growth but forces painful change
– canadianbusiness.com
GUJIAO, China – This city in China’s northern coal country hardly looks like it is in trouble. After three decades fueling China’s industrial boom, its wide, tree-lined avenues are filled with late model cars. Markets are crowded with people.
That activity masks malaise. Surging demand for coal that once propelled Gujiao and its 200,000 people is ebbing, and along with it the local economy.
“This year is impossible,” said Li Qiumei, who sells fruit on the street. Wearing a parka and padded balaclava in the bright winter sunshine, she said her income has fallen by half since last year to about 50 yuan ($8) a day.
Asked when she expects things to get better, Li shrugged and said, “I don’t know.”
From coal country to the export-driven manufacturing heartland of China’s southeast, millions of people are enduring wrenching change. Beijing is trying to replace an economic model that has run out of steam after delivering years of blistering growth based on trade and investment in construction and heavy industry…
That activity masks malaise. Surging demand for coal that once propelled Gujiao and its 200,000 people is ebbing, and along with it the local economy.
“This year is impossible,” said Li Qiumei, who sells fruit on the street. Wearing a parka and padded balaclava in the bright winter sunshine, she said her income has fallen by half since last year to about 50 yuan ($8) a day.
Asked when she expects things to get better, Li shrugged and said, “I don’t know.”
From coal country to the export-driven manufacturing heartland of China’s southeast, millions of people are enduring wrenching change. Beijing is trying to replace an economic model that has run out of steam after delivering years of blistering growth based on trade and investment in construction and heavy industry…
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
