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Ferrari, separated from Fiat Chrysler, makes Milan stock market debut, following NY listing + MORE Jan 4th
MILAN – Sports carmaker Ferrari is following up its successful Wall Street listing with a stock market launch in Milan, as it begins a new era as a stand-alone company free of the mass-market associations of its former parent, Fiat Chrysler.
The company famed for its Formula 1 racing machines .... More »
3.5 year - 2.30% + MORE Mar 22nd
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..... More »
Making sense of the markets this week: February 6 Feb 4th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The first modern-day pandemic—two years later
To my knowledge, I was the first financial writer in Canada to cover the pandemic or suggest it as a concern. It’.... More »
China suspends new IPOs to stabilize stock markets: report + MORE Jul 4th
Wall Street Journal reports that decision was made by officials from cabinet, central bank and securities regulator
.... More »
Bill would allow Canada infrastructure bank to invest in cross border projects + MORE Apr 19th
A new federal agency designed to fuse public and private dollars to help build infrastructure in Canada could end up building new roads and bridges south of the border _ so long as they connect to the Great White North.
The legislation for the Liberal government’s proposed infrastructure bank .... More »
Lawmakers weigh in on ‘net neutrality’ debate, bipartisan deal likely elusive
– canadianbusiness.com
WASHINGTON – Lawmakers are getting their chance this week to weigh in on the “net neutrality” debate that has pitted Internet activists against big cable companies and prompted a record number of public comments filed to U.S. regulators.
The issue requires lawmakers to walk a delicate political line: Many consumers want to keep the power of cable and wireless providers in check, and they oppose the idea of paid fast lanes on the Internet. But service providers say the latest plan endorsed by the Federal Communications Commission will become a regulatory land mine that will discourage investment.
The House Oversight and Government Reform Committee on Tuesday was convening the first hearing on the subject since the FCC voted last month to put the Internet in the same regulatory camp as the telephone, using the 1934 Communications Act. This means that whenever a company provides an Internet connection, it has to act in the public interest and not do anything considered “unjust or unreasonable…
The issue requires lawmakers to walk a delicate political line: Many consumers want to keep the power of cable and wireless providers in check, and they oppose the idea of paid fast lanes on the Internet. But service providers say the latest plan endorsed by the Federal Communications Commission will become a regulatory land mine that will discourage investment.
The House Oversight and Government Reform Committee on Tuesday was convening the first hearing on the subject since the FCC voted last month to put the Internet in the same regulatory camp as the telephone, using the 1934 Communications Act. This means that whenever a company provides an Internet connection, it has to act in the public interest and not do anything considered “unjust or unreasonable…
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.
After 6 years of near-zero interest rates, the prospect of a Fed hike is shaking up markets
– canadianbusiness.com
NEW YORK, N.Y. – Interest rates could soon rise in the U.S. for the first time in almost a decade, and that’s shaking up financial markets.
Why all the anticipation? The Federal Reserve has held its benchmark rate close to zero since December 2008 to encourage borrowing and spending, and it’s been even longer since the Fed actually raised the cost of borrowing. The central bank last lifted rates in June 2006, the final hike in a two-year series of increases.
The Fed holds a policy meeting Tuesday. After a strong run of job growth in the U.S., investors will be watching closely for any insight into whether the central bank is considering raising rates. That’s a move that some analysts say could happen as early as June.
But investors aren’t waiting for the Fed. They’re already favouring stocks they think will do well under an improving economy — and the higher rates that come with it. They’re also steering away from investments they think will suffer…
Why all the anticipation? The Federal Reserve has held its benchmark rate close to zero since December 2008 to encourage borrowing and spending, and it’s been even longer since the Fed actually raised the cost of borrowing. The central bank last lifted rates in June 2006, the final hike in a two-year series of increases.
The Fed holds a policy meeting Tuesday. After a strong run of job growth in the U.S., investors will be watching closely for any insight into whether the central bank is considering raising rates. That’s a move that some analysts say could happen as early as June.
But investors aren’t waiting for the Fed. They’re already favouring stocks they think will do well under an improving economy — and the higher rates that come with it. They’re also steering away from investments they think will suffer…
Close allies defy U.S. to join China-backed World Bank rival: reports
– theglobeandmail.com
France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank, a major setback for Washington, the Financial Times reported
Hong Kong’s airport gets green light to build $18 billion third runway to meet surging demand
– canadianbusiness.com
HONG KONG – The Hong Kong government gave final approval Tuesday for a third runway at the Asian financial centre’s airport, aiming to meet surging growth in passengers and air cargo.
Officials said the project will begin next year and cost 141.5 billion Hong Kong dollars ($18.2 billion).
About 650 hectares (1,600 acres) of land will be reclaimed from the sea for the runway and a new passenger building. Construction is expected to be completed by 2023.
Hong Kong International Airport expects to reach maximum capacity under its current layout by 2022 at the latest.
Last year, the airport handled 63.4 million passengers and 4.4 million metric tons of cargo, both records.
The airport predicts that the third runway will allow it to handle 102 million passengers and 8.9 million tons of freight a year by 2030.
Across Asia, airport operators are scrambling to build new terminals or expand existing ones to keep up with growth in air travel.
The post Hong Kong’s airport gets green light to build $18 billion third runway to meet surging demand appeared first on Canadian Business.
Officials said the project will begin next year and cost 141.5 billion Hong Kong dollars ($18.2 billion).
About 650 hectares (1,600 acres) of land will be reclaimed from the sea for the runway and a new passenger building. Construction is expected to be completed by 2023.
Hong Kong International Airport expects to reach maximum capacity under its current layout by 2022 at the latest.
Last year, the airport handled 63.4 million passengers and 4.4 million metric tons of cargo, both records.
The airport predicts that the third runway will allow it to handle 102 million passengers and 8.9 million tons of freight a year by 2030.
Across Asia, airport operators are scrambling to build new terminals or expand existing ones to keep up with growth in air travel.
The post Hong Kong’s airport gets green light to build $18 billion third runway to meet surging demand appeared first on Canadian Business.
