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Ford cancels plan to build new Mexican plant, adds US jobs + MORE Jan 4th
FLAT ROCK, Mich. _ The auto industry’s relationship with President-elect Donald Trump took a dramatic turn Tuesday as Ford Motor Co. decided to shift investment dollars targeted for Mexico to the U.S., while Trump threatened General Motors with a tax on some imported small cars.
Ford is cancel.... More »
Trump administration sets meetings with oil companies over Venezuela, source says - Reuters + MORE Jan 5th
Trump administration sets meetings with oil companies over Venezuela, source says ReutersOpinion: Guns and oil: Trump’s global power with Venezuela’s reserves at his side will be formidable The Globe and MailTrump’s plan to seize and revitalize Venezuela’s oil industry .... More »
Watchdog: Cambodian PM’s family rules business world, too + MORE Jul 7th
BANGKOK – An extensive network of businesses controlled by the family of Cambodia’s longtime leader sustains and is sustained by his authoritarian rule, making foreign investment in the country risky, says a report issued Thursday by the research and advocacy group Global Witness.
The Lo.... More »
Video: How the Bank of Canada’s interest rate affects you Apr 12th
Think of the Bank of Canada (BoC) as the “influencer of all influencers” when it comes to interest rates. Banks and other financial institutions follow its lead. Learn more about how the BoC’s overnight interest rate impacts you in this short video, featuring MoneySense executive editor Lisa H.... More »
'The Outer Worlds' comes to Nintendo Switch on March 6th - Engadget Jan 30th
'The Outer Worlds' comes to Nintendo Switch on March 6th EngadgetNintendo Switch overtakes SNES with more than 52 million sold The VergeThe Outer Worlds On Switch Releases In March, Will Require A Download GameSpotNintendo Switch sales pass 52 million, Pokémon Sword.... More »
Office, retail real estate sectors settling in for tough 2016
– theglobeandmail.com
Slumping demand, glut of supply and tumultuous oil prices creating jitters throughout Canada’s real estate industry
Corus calls shareholder’s claims about Shaw deal ‘deeply misleading’
– theglobeandmail.com
Catalyst Capital Group says Corus is overpaying for Shaw’s media assets by an estimated $400-million to $600-million
Hong Kong finance chief says political turmoil hurts economy
– canadianbusiness.com
HONG KONG – Hong Kong’s financial chief is warning that rising political turmoil could hurt economic growth in the southern Chinese business hub.
John Tsang said in his annual budget speech Wednesday that “acute social conflicts will add uncertainties to the already adverse economic environment” in Hong Kong.
He said he was “shocked” by a riot during the Lunar New Year holiday earlier this month. Police have arrested 72 people in connection with the clash with holiday food vendors.
Tsang said the city’s economy expanded 2.4 per cent last year, its fourth straight year of below-average growth, weighed down by the weak global conditions and rocky financial markets.
He forecast that Hong Kong’s economy would grow 1-2 per cent in 2016.
The post Hong Kong finance chief says political turmoil hurts economy appeared first on Canadian Business – Your Source For Business News.
John Tsang said in his annual budget speech Wednesday that “acute social conflicts will add uncertainties to the already adverse economic environment” in Hong Kong.
He said he was “shocked” by a riot during the Lunar New Year holiday earlier this month. Police have arrested 72 people in connection with the clash with holiday food vendors.
Tsang said the city’s economy expanded 2.4 per cent last year, its fourth straight year of below-average growth, weighed down by the weak global conditions and rocky financial markets.
He forecast that Hong Kong’s economy would grow 1-2 per cent in 2016.
The post Hong Kong finance chief says political turmoil hurts economy appeared first on Canadian Business – Your Source For Business News.
Deutsche Boerse deal last piece in LSE’s diversification game
– theglobeandmail.com
Investors have rewarded the London Stock Exchange Group for its aggressive and bold diversification plan
Bank of Canada names Montrealer Sylvain Leduc as new deputy governor
– canadianbusiness.com
OTTAWA – The Bank of Canada has appointed Sylvain Leduc to fill one of its four deputy governor positions.
The central bank says Leduc will start in his new role in May.
The position has been vacant since Agathe Cote retired last month.
The bank says Leduc will join the governing council — which is responsible for decisions such as monetary policy and financial system stability.
The Montreal-born Leduc is a vice-president at the Federal Reserve Bank of San Francisco.
In a statement, Bank of Canada governor Stephen Poloz says Leduc brings central banking experience and deep understanding of the international monetary system to his new position.
The post Bank of Canada names Montrealer Sylvain Leduc as new deputy governor appeared first on Canadian Business – Your Source For Business News.
The central bank says Leduc will start in his new role in May.
The position has been vacant since Agathe Cote retired last month.
The bank says Leduc will join the governing council — which is responsible for decisions such as monetary policy and financial system stability.
The Montreal-born Leduc is a vice-president at the Federal Reserve Bank of San Francisco.
In a statement, Bank of Canada governor Stephen Poloz says Leduc brings central banking experience and deep understanding of the international monetary system to his new position.
The post Bank of Canada names Montrealer Sylvain Leduc as new deputy governor appeared first on Canadian Business – Your Source For Business News.
