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Greece bailout: Merkel ally urges rethink for MPs who voted against Greek talks - The Australian Financial Review + MORE Jul 18th
The Australian Financial ReviewGreece bailout: Merkel ally urges rethink for MPs who voted against Greek talksThe Australian Financial ReviewThe parliamentary leader of Angela Merkel's conservatives rejected criticism of Wolfgang Schaeuble's suggestion that Greece might be better off takin.... More »
South Korea moves to minimize disruption from shipper’s woes + MORE Sep 5th
SEOUL, South Korea – South Korea’s financial regulator says financially troubled Hanjin Shipping Co. is seeking stay orders in dozens of countries to help minimize disruptions caused by its slide into bankruptcy proceedings.
The Financial Services Commission said Monday that Hanjin, the .... More »
Delta variant is forcing U.S. officials to rethink COVID-19 measures, even for the vaccinated - CTV News Jun 29th
Delta variant is forcing U.S. officials to rethink COVID-19 measures, even for the vaccinated CTV NewsPfizer, Moderna Vaccines Likely to Produce Long-Lasting Immunity, Study Suggests Yahoo News CanadaOntario reports 210 new COVID-19 cases as more adults now eligible for an acce.... More »
Itau Unibanco to buy Citibank’s assets in Brazil Oct 8th
SAO PAULO – Brazil’s largest private bank says it will pay more than $200 million for the retail assets of Citibank in Latin America’s biggest country.
Itau Unibanco said Saturday in a securities filing that it will pay 710 million reals ($220 million) for all of Citibank’s r.... More »
SEC reviewing GameStop stock frenzy amid market volatility: White House - Global News Jan 29th
SEC reviewing GameStop stock frenzy amid market volatility: White House Global NewsU.S. SEC warns investors as GameStop shares jump, short-selling war resumes The Globe and MailTraders return to GameStop plays as brokerages ease restrictions CTV NewsOpinion | The sur.... More »
G-20 chief says worst may be over but development of global economy is weak and uneven
– canadianbusiness.com
WASHINGTON – The current head of the Group of 20 wealthy and emerging nations says governments need to do more to jolt the global economy out of the rut it fell into after the 2008 financial crisis.
Turkish Deputy Prime Minister Ali Babacan, who is responsible for his country’s economy, said Thursday the worst may be over but recent economic developments are not yet satisfactory.
Speaking ahead of the G-20 meeting in Washington Friday, he said there are bright spots in some countries but growth is weak, imbalanced and uneven.
He said G-20 countries must do more to carry out commitments made last year in Australia to jumpstart growth including investing in infrastructure and boosting trade.
Babacan also said the G-20 needs to involve low income developing countries more in its deliberations.
The post G-20 chief says worst may be over but development of global economy is weak and uneven appeared first on Canadian Business.
Turkish Deputy Prime Minister Ali Babacan, who is responsible for his country’s economy, said Thursday the worst may be over but recent economic developments are not yet satisfactory.
Speaking ahead of the G-20 meeting in Washington Friday, he said there are bright spots in some countries but growth is weak, imbalanced and uneven.
He said G-20 countries must do more to carry out commitments made last year in Australia to jumpstart growth including investing in infrastructure and boosting trade.
Babacan also said the G-20 needs to involve low income developing countries more in its deliberations.
The post G-20 chief says worst may be over but development of global economy is weak and uneven appeared first on Canadian Business.
A former investment adviser at JPMorgan Chase & Co was arrested Thursday and charged with taking at least US$20 million out of client accounts and using it to unsuccessfully trade options and pay personal expenses, authorities said.
Apple Watch delays findependence
– moneysense.ca
The true price of Apple Watch is steeper than you might think. (George Pimentel/Getty Images)MoneySense Editor-at-large and affable technophile Jonathan Chevreau happily announced on Twitter last weekend that he pre-ordered an Apple Watch. Getting a new gadget can be fun and I hope he’ll enjoy the device despite the mixed reviews it’s been getting.
For my part, I don’t want one. I generally avoid novel electronic devices, which makes me a late adopter. I’d much rather give the technical wizards time to work out the kinks in a new device and then buy a more refined product when the features are better and the prices are lower.
Given the current prices—and in my view limited usefulness—of the Apple Watch, I couldn’t help but wonder how many days of financial independence, or as Chevreau refers to it “findependence,” a young person would have to give up to buy one.
To make things easy, let’s focus in on the case of a 20-year old who earns $30,000 per year (after taxes) and would like to retire on the same amount of income, in inflation-adjusted terms, at 55…
Goldman Sachs’ earnings jump as investment banking unit has its best quarter since 2007
– canadianbusiness.com
NEW YORK, N.Y. – Goldman Sachs posted a big jump in first-quarter net income Thursday as its investment banking unit logged its best quarter since the financial crisis. Higher fees from trading bonds and currencies also helped.
DOLLARS FROM DEALS: Goldman is benefiting from an upswing in company deals in the U.S., driven by higher business confidence and low interest rates. Goldman said revenue from its investment banking unit was the highest it’s been in a single quarter since 2007.
TRADING BOOST: Big moves in the bond and currency markets in the first quarter also boosted earnings at the bank. Because markets were volatile at the start of the year, traders placed more bets to try and profit from those price swings. More trading activity means more commissions for banks and brokers.
THE NUMBERS: The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compares with $1.95 billion, or $4.02, in the same period a year earlier. Revenue rose to $10…
DOLLARS FROM DEALS: Goldman is benefiting from an upswing in company deals in the U.S., driven by higher business confidence and low interest rates. Goldman said revenue from its investment banking unit was the highest it’s been in a single quarter since 2007.
TRADING BOOST: Big moves in the bond and currency markets in the first quarter also boosted earnings at the bank. Because markets were volatile at the start of the year, traders placed more bets to try and profit from those price swings. More trading activity means more commissions for banks and brokers.
THE NUMBERS: The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compares with $1.95 billion, or $4.02, in the same period a year earlier. Revenue rose to $10…
Etsy Inc., an online marketplace for handmade and vintage goods, saw its stock double in price Thursday in its first day of trading on the Nasdaq exchange.
