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Marriott buys Starwood for $12.2 billion, creating global hotel chain of unrivaled scope + MORE Nov 16th
NEW YORK, N.Y. – Marriott International is buying rival hotel chain Starwood for $12.2 billion in a deal that will secure its position as the world’s largest hotelier.
The stock-and-cash deal, if completed, will add 50 per cent more rooms to Marriott’s portfolio and give it more un.... More »
Former chairman of PetroChina’s parent company goes on trial in corruption case + MORE Apr 13th
BEIJING, China – A Chinese court says a corruption trial has started for the former chairman of the stated-owned parent of PetroChina Ltd., Asia’s biggest oil producer.
Jiang Jiemin was chairman of the state-run China National Petroleum Corp., the target of a sweeping graft investigation.... More »
Jack Ma Gets a Warning From China on Ant’s Rapid Expansion - Yahoo Canada Finance Nov 3rd
Jack Ma Gets a Warning From China on Ant’s Rapid Expansion Yahoo Canada FinanceJack Ma Summoned by China Regulators on Eve of Ant Debut Bloomberg Markets and FinanceAhead of giant IPO, China’s Ant faces key question: What is it? Aljazeera.comAnt Group is its own .... More »
CCPA report calls for expansion of pension regulations + MORE Nov 21st
OTTAWA _ A report by the Canadian Centre for Policy Alternatives recommends that payments to shareholders such as dividends and share buybacks by companies should be limited if their pension plans are underfunded.
The report says pension regulations must expand to consider broader financial decision.... More »
MSCI delays adding Chinese stocks to emerging markets index + MORE Jun 14th
Global stock benchmark provider MSCI has decided to delay including stocks listed in mainland China in its widely followed Emerging Markets Index, saying China has to take further steps toward making its market more accessible and closer to international standards.
MSCI said Tuesday that while Chine.... More »
Families ‘scarred’ from financial crisis hold tight to cash, shun risk 5 yrs later
– canadianbusiness.com
NEW YORK, N.Y. – They speak different languages, live in countries rich and poor, face horrible job markets and healthy ones. When it comes to money, though, they act as one: They’re holding tight to their cash, driven more by a fear of losing what they have than a desire to add to it.
Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in countries as varied as the United States, Japan, the United Kingdom and Germany remain hunkered down, too spooked and distrustful to take chances with their money.
An Associated Press analysis of households in the 10 biggest economies shows that families continue to spend cautiously and have pulled hundreds of billions of dollars out of stocks, cut borrowing for the first time in decades and poured money into savings and bonds that offer puny interest payments, often too low to keep up with inflation.
“It doesn’t take very much to destroy confidence, but it takes an awful lot to build it back,” says Ian Bright, senior economist at ING, a global bank based in Amsterdam…
Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in countries as varied as the United States, Japan, the United Kingdom and Germany remain hunkered down, too spooked and distrustful to take chances with their money.
An Associated Press analysis of households in the 10 biggest economies shows that families continue to spend cautiously and have pulled hundreds of billions of dollars out of stocks, cut borrowing for the first time in decades and poured money into savings and bonds that offer puny interest payments, often too low to keep up with inflation.
“It doesn’t take very much to destroy confidence, but it takes an awful lot to build it back,” says Ian Bright, senior economist at ING, a global bank based in Amsterdam…
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Shutdown spawns vacuum in farm market information; halts government farm payments
– canadianbusiness.com
WICHITA, Kan. – When Tim Peterson finished planting his 900 acres of winter wheat last week, the usually market-savvy Kansas farmer unexpectedly found himself struggling to make critical marketing decisions without being able to access to vital agricultural reports, casualties of the federal government shutdown.
“We have no clue what is going on in the market,” said Peterson, who farms near Monument in northwest Kansas. He typically protects his investment in seed and fertilizer by “locking in” the price his wheat crop will fetch next July with a futures contract, which shields farmers from market fluctuations by guaranteeing a price while the crop is in the ground.
Farmers and livestock producers use the reports put out by the National Agriculture Statistics Services to make decisions — such as how to price crops, which commodities to grow and when to sell them — as well as track cattle auction prices. Not only has the NASS stopped putting out new reports about demand and supply, exports and prices, but all websites with past information have been taken down…
“We have no clue what is going on in the market,” said Peterson, who farms near Monument in northwest Kansas. He typically protects his investment in seed and fertilizer by “locking in” the price his wheat crop will fetch next July with a futures contract, which shields farmers from market fluctuations by guaranteeing a price while the crop is in the ground.
Farmers and livestock producers use the reports put out by the National Agriculture Statistics Services to make decisions — such as how to price crops, which commodities to grow and when to sell them — as well as track cattle auction prices. Not only has the NASS stopped putting out new reports about demand and supply, exports and prices, but all websites with past information have been taken down…
Harvey Silverglate: How Prosecutors Rig Trials by Freezing Assets
– online.wsj.com
Is it fair to seize all a defendant owns without showing its criminal source? The Supreme Court will rule.
Mulcair and NDP plan new approach to pipeline politics – CBC.ca
– news.google.ca
CBC.caMulcair and NDP plan new approach to pipeline politicsCBC.caNDP leader Tom Mulcair has stopped referring to the contentious notion that a Canadian 'Dutch disease' created by surging energy exports is hurting the rest of the economy, and is hoping to introduce a new energy policy this fall. (Liam Richards/Canadian …First Nations issues would be top priority for an NDP government, Mulcair saysThe Globe and MailMulcair says no to wealth tax, while star NDP candidate supports measureCTV NewsMulcair says no to wealth tax, expects star NDP candidate to be team playerOttawa CitizenEdmonton Journalall 21 news articles »
