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Keep your investment fortunes on track for the new year: Pape Jan 7th
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‘Borderlands 3’ Has Been Forced To Remove Crossplay Support For PlayStation - Forbes + MORE May 27th
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Bitcoin prices drop on news South Korea still considering crackdown + MORE Jan 16th
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Ontario Teacher’s Pension Plan bringing in new investment partners at UK airports + MORE Oct 31st
LONDON _ The Ontario Teachers’ Pension Plan says it is selling off 30 per cent of its stakes at two United Kingdom regional airports to broaden its investment strategy.
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To understand Venezuela's future, look to the bond market, not politics and protests Sep 6th
Despite an economic crisis so severe that 2.3 million people have fled the country in the past four years, Venezuelan President Nicolas Maduro isn't currently facing mass protests. Bond holders, however, are preparing to seize the country's oil assets..... More »
Chinese leaders promise to promote growth by cutting business costs, reduce financial risk
– canadianbusiness.com
BEIJING, China – Chinese leaders promised Monday to promote economic growth by cutting business costs and reducing surplus production capacity in some industries as they try to reverse an unexpectedly sharp downturn.
After an annual planning meeting, Communist Party leaders also promised to reduce financial risks and rein in rising debt that has prompted concern about possible threats to China’s financial system.
The leadership under President Xi Jinping is in the midst of a multi-year effort to nurture slower, more sustainable growth based on domestic consumption instead of trade and investment. Growth has slowed more abruptly than expected over the past two years, forcing the party to juggle competing demands of shoring up the expansion while keeping reforms on track.
The pledges in Monday’s brief statement weren’t new, but they indicate where the ruling party’s priorities will lie in 2016.
The statement also gave no details of how key issues such as the status of state companies that dominate industries from banking to energy to telecoms would be affected…
After an annual planning meeting, Communist Party leaders also promised to reduce financial risks and rein in rising debt that has prompted concern about possible threats to China’s financial system.
The leadership under President Xi Jinping is in the midst of a multi-year effort to nurture slower, more sustainable growth based on domestic consumption instead of trade and investment. Growth has slowed more abruptly than expected over the past two years, forcing the party to juggle competing demands of shoring up the expansion while keeping reforms on track.
The pledges in Monday’s brief statement weren’t new, but they indicate where the ruling party’s priorities will lie in 2016.
The statement also gave no details of how key issues such as the status of state companies that dominate industries from banking to energy to telecoms would be affected…
Premarket: Oil at 11-year low, election impasse hits Spanish assets
– theglobeandmail.com
Euro stocks rise on Asia, Wall Street to open higher
CIBC selling stake in American Century investment firm for US$1 billion
– canadianbusiness.com
TORONTO – CIBC is selling its large minority stake in American Century Investments for about US$1 billion.
The Toronto-based bank (TSX:CM) estimates it will realize a gain of US$170 million, after taxes, when the transaction closes in the first half of 2016.
CIBC president and chief executive Victor Dodig says the funds from the sale will add about 0.5 per cent to CIBC’s Tier 1 equtiy, which was 10.8 per cent as of the end of October.
CIBC acquired its 41 per cent of the private investment management firm in August 2011 for US$848 cash.
The buyer is Nomura, one of Japan’s biggest banking groups.
American Century, headquartered in Kansas City, Mo., has 1,300 employees that manage mutual funds and other products..
The post CIBC selling stake in American Century investment firm for US$1 billion appeared first on Canadian Business – Your Source For Business News.
The Toronto-based bank (TSX:CM) estimates it will realize a gain of US$170 million, after taxes, when the transaction closes in the first half of 2016.
CIBC president and chief executive Victor Dodig says the funds from the sale will add about 0.5 per cent to CIBC’s Tier 1 equtiy, which was 10.8 per cent as of the end of October.
CIBC acquired its 41 per cent of the private investment management firm in August 2011 for US$848 cash.
The buyer is Nomura, one of Japan’s biggest banking groups.
American Century, headquartered in Kansas City, Mo., has 1,300 employees that manage mutual funds and other products..
The post CIBC selling stake in American Century investment firm for US$1 billion appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Markets to bounce back; oil's slide continues
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
