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Bill Morneau’s briefing book flags investment in public pensions + MORE Jun 17th
OTTAWA — A briefing book prepared last fall for incoming Finance Minister Bill Morneau warns that Canada’s spending on public pensions is dramatically lower than many other rich countries — even though private-sector pension coverage has deteriorated.
The document, obtained by The Canadia.... More »
Deficits vs. austerity: Pain for little gain May 23rd
Academic and political heavyweights fight to control narrative of cause of financial pain; without a winner, the struggle will continue
.... More »
Finding the right cover + MORE Jun 2nd
(Illustration by Taryn Gee)
When finance professor Moshe Milevsky teaches insurance to a new group of students, he shows the class a picture of two people, a 30-year-old and a 70-year-old, then asks: “Who needs more life insurance?” The near-term chance of dying is higher for the 70-year-old so,.... More »
China coronavirus toll exceeds 1,300 as Hubei reports 242 deaths - Al Jazeera English Feb 12th
China coronavirus toll exceeds 1,300 as Hubei reports 242 deaths Al Jazeera EnglishCoronavirus news and live updates: Death toll surpasses 1,100 CNN InternationalJump in new coronavirus cases derails stock rally Investing.comWhy the world economy will be facing China.... More »
Eldorado Gold says Greek mines not affected by bank crisis + MORE Jun 30th
Canadian miner Eldorado Gold Corporation says the financial crisis unfolding in Greece isn't having an impact on its operations in the country..... More »
Dow Chemical, Carnival, Oxford Industries and Blackberry are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
The Dow Chemical Co., up $1.32 to $47.76
The chemical company is splitting its chlorine business and merging it with Olin Corp. in a cash-and-stock deal worth $5 billion.
Carnival Corp., up $2.70 to $47.12
The cruise operator swung to a fiscal first-quarter profit that exceeded Wall Street expectations and it said bookings are up.
Oxford Industries Inc., up $11.29 to $70.80
The clothing and apparel company reported better-than-expected fourth-quarter profit and met Wall Street’s revenue expectations.
Quicksilver Inc., down 35 cents to $1.90
The clothing and apparel maker said CEO Andy Mooney is being replaced by Pierre Agnes, but gave no explanation for the change.
Nasdaq
Ohr Pharmaceutical Inc., down $5.99 to $2.74
The drug developer said its experimental treatment for an eye condition that leads to blindness failed to meet a key study goal…
NYSE
The Dow Chemical Co., up $1.32 to $47.76
The chemical company is splitting its chlorine business and merging it with Olin Corp. in a cash-and-stock deal worth $5 billion.
Carnival Corp., up $2.70 to $47.12
The cruise operator swung to a fiscal first-quarter profit that exceeded Wall Street expectations and it said bookings are up.
Oxford Industries Inc., up $11.29 to $70.80
The clothing and apparel company reported better-than-expected fourth-quarter profit and met Wall Street’s revenue expectations.
Quicksilver Inc., down 35 cents to $1.90
The clothing and apparel maker said CEO Andy Mooney is being replaced by Pierre Agnes, but gave no explanation for the change.
Nasdaq
Ohr Pharmaceutical Inc., down $5.99 to $2.74
The drug developer said its experimental treatment for an eye condition that leads to blindness failed to meet a key study goal…
Chinese president promotes strong Asian co-operation for economy, stability at Boao Forum
– canadianbusiness.com
BEIJING, China – Chinese President Xi Jinping is arguing for strong China-led efforts to promote Asian economic and political co-operation while speaking a major regional economic conference.
Xi delivered the keynote address at the Boao Forum held Saturday on Hainan island in the country’s south, at which he lauded the promise of the Chinese economy despite slowing growth.
The Chinese president also celebrated what he said was a multipolar world in which all countries play equal roles in regional development and security. The comment comes as China challenges U.S. leadership in Asia by promoting its own projects such as the U.S.-shunned Asia Infrastructure Investment Bank and assertively staking territorial claims around the continent.
Xi says Asia needed to build “a community of common destiny” that would contribute to world prosperity.
The post Chinese president promotes strong Asian co-operation for economy, stability at Boao Forum appeared first on Canadian Business.
Xi delivered the keynote address at the Boao Forum held Saturday on Hainan island in the country’s south, at which he lauded the promise of the Chinese economy despite slowing growth.
The Chinese president also celebrated what he said was a multipolar world in which all countries play equal roles in regional development and security. The comment comes as China challenges U.S. leadership in Asia by promoting its own projects such as the U.S.-shunned Asia Infrastructure Investment Bank and assertively staking territorial claims around the continent.
Xi says Asia needed to build “a community of common destiny” that would contribute to world prosperity.
The post Chinese president promotes strong Asian co-operation for economy, stability at Boao Forum appeared first on Canadian Business.
