Tokyo scraps 2020 Olympics logo in latest blow to reputation – The Australian Financial Review + MORE Sep 1st

NEW YORK, N.Y. – Commodity markets are renowned for their booms and busts but the last four days in the crude oil market have even experienced traders wide-eyed.
The price of oil plunged 8 per cent on Tuesday, following a three-day ascent of 27 per cent, the biggest such jump in 25 years.
“It’s wild!” said Phil Flynn, energy analyst at the Price Futures Group. “Buckle up.”
The stock market has been volatile too, but nothing like oil. The S&P 500 has moved up or down by 6 per cent or more only once since 2008. Oil has moved by at least 6 per cent each of the last four trading days.
Big moves — mostly down — have been a hallmark of the oil market over the past year. Starting last summer oil began to fall, sliding from near $100 to under $45 in March. U.S. oil production was booming, OPEC nations kept oil flowing and even rising demand wasn’t enough to absorb the flood of oil.
Then oil’s moves became more sudden in the spring and summer…

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Q: I recently changed jobs and got a letter from the pension plan of my previous employer. The letter gave me several options regarding the pension amounts that I had accumulated.
One option was to do a non-locked in transfer of the pension amount to my personal RRSP. The transfer would be done directly from the pension to my brokerage account.
Before taking this option, I wanted to confirm that this would not cause any tax or RRSP over contribution issues for me. Currently I have no RRSP contribution room, however I understand that this type of transfer, directly from the pension to my RRSP would not count towards my contribution limit?
—Ray
A: Whether you are changing jobs or retiring, when you leave a pension plan, you have a decision to make. The pile of paperwork that comes in the mail tends to be a bit intimidating and depending upon whether or not you were in a defined benefit (DB) pension or a defined contribution (DC) pension, you might have a few choices to make…

Scandal-stricken Zurich-based bank hopes this ‘multimillion-pound’ advertising investment will pay off

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TORONTO – PayPal is introducing a new interpersonal payment service in Canada that it says will make IOUs a thing of the past.
Users who sign up for PayPal.Me can send requests for payment via text messages, email, and social media.
The company says the service will help Canadian avoid awkward talks about money and help them split restaurant bills and group gifts.
So-called peer-to-peer payments are the latest innovation from tech companies looking to chip away at the dominance of traditional financial institutions.
In the United States, companies such as Venmo and Squarecash have launched apps that allow users to exchange small amounts of money free of charge.
The post PayPal launches peer-to-peer payments appeared first on MoneySense.

The Australian Financial ReviewTokyo scraps 2020 Olympics logo in latest blow to reputationThe Australian Financial ReviewQuestions about the 2020 logo arose immediately after its July unveiling when Belgian designer Olivier Debie said it was too similar to his logo for the Theatre de Liege and demanded its use be halted. Getty Images. by Elaine Lies. Organisers for the …Japan Olympic organizers drops Tokyo 2020 logo over plagiarism scandalMontreal GazetteJapan scraps Olympic logo over plagiarism fearsNew Zealand HeraldThe gold medal winner of serial plagiarism?Hamilton SpectatorThe Japan Times -The Daily Starall 360 news articles »