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China Evergrande Debt Restructuring Looms - Bloomberg Markets and Finance Dec 6th
China Evergrande Debt Restructuring Looms Bloomberg Markets and FinanceChinese developer misses major bond repayment of $179 million Bangkok PostEvergrande Moves Toward Restructuring as Debt Deadlines Loom Yahoo Canada FinanceChina Evergrande shares hit 11-year low a.... More »
John and Jill pay just $1,400 a month rent in Toronto. Should they buy a home or keep on saving? May 14th
The home you live in should is not an ‘investment’ says financial expert Jason Heath. So paying such low rent in Toronto, the couple should consider staying put and socking away more cash..... More »
Some of the worst acquisitions ever, and the billions lost + MORE Jul 1st
Companies have dug deep in their pockets to buy other companies recently, raising the risk that they’ve overpaid. If true, investors will suffer. Companies would be forced to “write down” their goodwill, an asset on financial statements that represents the premiums paid in deals, a.... More »
Scotiabank boosts dividend as quarterly profit rises 5 per cent - The Globe and Mail + MORE Mar 1st
The Globe and MailScotiabank boosts dividend as quarterly profit rises 5 per centThe Globe and MailBank of Nova Scotia, Canada's third-largest bank, reported a 5.1 per cent rise in quarterly profit, helped by growth in its international banking business. The results from Scotiabank round out th.... More »
How to build a couch potato portfolio + MORE Sep 3rd
Though the investment industry now offers a few different ways to create a couch potato portfolio, they all have a few things in common. First, they all adhere to the ethos of passive investing, such that you end up with broad exposure to the stock and bond markets—and possibly other asset classes.... More »
Survey of investment analysts shows doubts that German economic growth will improve much
– canadianbusiness.com
FRANKFURT – A key poll of investment analysts shows their outlook for the German economy has slipped for the fifth month in a row because of doubts that growth will improve much.
The ZEW indicator of economic sentiment fell to 25.0 points in August from 29.7 points the month before.
Despite the decline, the index remains near its long-term average of 24.9, meaning the outlook is still upbeat for Europe’s biggest economy, which is enjoying low unemployment and respectable growth.
ZEW head Clemens Fuest said Tuesday that while the German economy remains in relatively good shape, “under the current geopolitical and global economic circumstances a substantial improvement” can’t be expected.
The German economy grew 0.3 per cent in the first quarter from the quarter before. Second quarter figures are expected Friday.
The post Survey of investment analysts shows doubts that German economic growth will improve much appeared first on Canadian Business – Your Source For Business News.
The ZEW indicator of economic sentiment fell to 25.0 points in August from 29.7 points the month before.
Despite the decline, the index remains near its long-term average of 24.9, meaning the outlook is still upbeat for Europe’s biggest economy, which is enjoying low unemployment and respectable growth.
ZEW head Clemens Fuest said Tuesday that while the German economy remains in relatively good shape, “under the current geopolitical and global economic circumstances a substantial improvement” can’t be expected.
The German economy grew 0.3 per cent in the first quarter from the quarter before. Second quarter figures are expected Friday.
The post Survey of investment analysts shows doubts that German economic growth will improve much appeared first on Canadian Business – Your Source For Business News.
Reuters CanadaGreece, lenders clinch bailout deal after marathon talksReuters CanadaATHENS (Reuters) – Greece and its international lenders reached an 85 billion-euro bailout agreement on Tuesday after talking through the night, officials said, saving the country from financial ruin and raising hopes it can make a major debt repayment …Greece Says It Has Reached a Deal for a Third BailoutNew York TimesGreek bail-out targets branded 'fantasy' as policymakers strike dealTelegraph.co.ukGreek bailout deal agreed 'in principle'BBC NewsReuters -Financial Times -Economic Timesall 1,110 news articles »
Hong Kong police arrest 5 Uber drivers, search ride-hailing app’s offices
– canadianbusiness.com
HONG KONG – Hong Kong police arrested five Uber drivers and searched the ride-hailing app’s office in the Asian financial centre.
Police said Tuesday that officers posing as customers arrested the five drivers in an operation aimed at combating illegal taxis.
Police said in a statement that the five men were suspected of illegally carrying passengers and driving without insurance.
Police did not name Uber Technologies but local Cable TV news showed officers inside the company’s Hong Kong office and said they took away computers and documents.
It’s the latest headache for the San Francisco-based company as its overseas expansion meets multiple legal and regulatory challenges.
In a statement, Uber said it stands by its drivers “100 per cent.”
The post Hong Kong police arrest 5 Uber drivers, search ride-hailing app’s offices appeared first on Canadian Business – Your Source For Business News.
Police said Tuesday that officers posing as customers arrested the five drivers in an operation aimed at combating illegal taxis.
Police said in a statement that the five men were suspected of illegally carrying passengers and driving without insurance.
Police did not name Uber Technologies but local Cable TV news showed officers inside the company’s Hong Kong office and said they took away computers and documents.
It’s the latest headache for the San Francisco-based company as its overseas expansion meets multiple legal and regulatory challenges.
In a statement, Uber said it stands by its drivers “100 per cent.”
The post Hong Kong police arrest 5 Uber drivers, search ride-hailing app’s offices appeared first on Canadian Business – Your Source For Business News.
Canadian dollar down ahead of North American stock market open
– canadianbusiness.com
TORONTO – The Canadian dollar was down more than one-third of a U.S. cent ahead of trading on North American stock markets.
The loonie traded at 76.53 cents US, down 0.39 from Monday.
The decline came as currencies around the world responded to a move by China’s central bank, which lowered the yuan’s value relative to the U.S. dollar by nearly two per cent to the lowest in nearly three years.
The Dow Jones industrial futures were down 84.0 points at 17,469.0, the Nasdaq futures declined 3.0 points to 4,563.0, and the S&P 500 futures dropped 8.1 points to 2,091.7.
On the commodity markets, the August gold contract rose $6.30 to US$1,110.40 an ounce, the September crude contract was down 72 cents at US$44.24 a barrel and the September contract for natural gas was down three cents at US$2.81.
The S&P/TSX composite index closed Monday at 14,466.39, up 163.69 points.
The post Canadian dollar down ahead of North American stock market open appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 76.53 cents US, down 0.39 from Monday.
The decline came as currencies around the world responded to a move by China’s central bank, which lowered the yuan’s value relative to the U.S. dollar by nearly two per cent to the lowest in nearly three years.
The Dow Jones industrial futures were down 84.0 points at 17,469.0, the Nasdaq futures declined 3.0 points to 4,563.0, and the S&P 500 futures dropped 8.1 points to 2,091.7.
On the commodity markets, the August gold contract rose $6.30 to US$1,110.40 an ounce, the September crude contract was down 72 cents at US$44.24 a barrel and the September contract for natural gas was down three cents at US$2.81.
The S&P/TSX composite index closed Monday at 14,466.39, up 163.69 points.
The post Canadian dollar down ahead of North American stock market open appeared first on Canadian Business – Your Source For Business News.
India’s main opposition Congress party blocks tax reform legislation
– canadianbusiness.com
NEW DELHI – Opposition lawmakers have blocked Prime Minister Narendra Modi’s efforts to simplify India’s taxation laws, a key part of his plans to boost Asia’s third-biggest economy.
Finance Minister Arun Jaitely introduced the legislation Tuesday in the upper house of Parliament with just two days left in Parliament’s current three-week session.
The bill would replace India’s multiple national and state taxes with a single tax regime.
Opposition Congress party lawmakers, whose support is crucial for approving the bill, blocked the proceedings. They instead demanded the resignation of three key ruling party leaders accused of abusing their authority and financial irregularities.
Modi’s Bharatiya Janata Party denies any wrongdoing by them.
Jaitley said tax reform would turn India into a single market with a uniform rate of taxation for both goods and services.
The post India’s main opposition Congress party blocks tax reform legislation appeared first on Canadian Business – Your Source For Business News.
Finance Minister Arun Jaitely introduced the legislation Tuesday in the upper house of Parliament with just two days left in Parliament’s current three-week session.
The bill would replace India’s multiple national and state taxes with a single tax regime.
Opposition Congress party lawmakers, whose support is crucial for approving the bill, blocked the proceedings. They instead demanded the resignation of three key ruling party leaders accused of abusing their authority and financial irregularities.
Modi’s Bharatiya Janata Party denies any wrongdoing by them.
Jaitley said tax reform would turn India into a single market with a uniform rate of taxation for both goods and services.
The post India’s main opposition Congress party blocks tax reform legislation appeared first on Canadian Business – Your Source For Business News.
