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Turkish markets hit by Moody’s rating downgrade + MORE Sep 26th
LONDON – Turkey’s stock markets and currency have fallen sharply after the country’s credit rating was downgraded into junk status by Moody’s.
The Istanbul 100 stock index is down 3.9 per cent at 76,610 points Monday while the Turkish lira has also taken a hit. The dollar is .... More »
Malaysia says Goldman Sachs must pay, apology not enough Jan 18th
Malaysia's finance minister says that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation..... More »
Contributing to your grandchild’s RESPs: What grandparents need to know + MORE Dec 1st
You’ve likely heard the saying “It takes a village to raise a child.” Well, with the cost of college and university tuition rising every year, it just might take a village to pay for post-secondary education, too. That’s where grandparents can help with registered education savings plans (RE.... More »
A second wave of COVID-19 could send the markets spinning this fall — here’s how to prepare Sep 22nd
Don’t have all your investment eggs in one basket, advises Clever Girl Finance author Bola Sokunbi, who emphasizes the importance of diversifying..... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 9th
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Before the bell: Stocks to rebound, shift focus to earnings
– theglobeandmail.com
Inside the Market’s premarket briefing
If Greece gets easier rescue terms, other bailout states could face popular demands for same
– canadianbusiness.com
LISBON, Portugal – Eurozone governments taking a tough line on Greece’s demand for debt relief and easier bailout terms fear opening a can of worms.
Ceding too much ground to Athens could ignite a broader political crisis by infuriating people in other bailed-out countries in the currency bloc which, unlike Greece, have obediently complied with the demands of creditors and largely restored their financial health through painful — and politically costly — austerity measures.
Governments in Spain, Portugal and Ireland, which all face elections within the next nine months, fear losing power to parties that, like Greece’s radical left Syriza, are calling for an end to budget cuts and easier terms on debt.
As Syriza inspires opponents of austerity across Europe, here is a look at what’s happening in the eurozone’s other big three debtor countries.
____
SPAIN
Spain’s radical leftist party, Podemos, has since its birth last year been calling for a restructuring of Spanish government debt…
Ceding too much ground to Athens could ignite a broader political crisis by infuriating people in other bailed-out countries in the currency bloc which, unlike Greece, have obediently complied with the demands of creditors and largely restored their financial health through painful — and politically costly — austerity measures.
Governments in Spain, Portugal and Ireland, which all face elections within the next nine months, fear losing power to parties that, like Greece’s radical left Syriza, are calling for an end to budget cuts and easier terms on debt.
As Syriza inspires opponents of austerity across Europe, here is a look at what’s happening in the eurozone’s other big three debtor countries.
____
SPAIN
Spain’s radical leftist party, Podemos, has since its birth last year been calling for a restructuring of Spanish government debt…
Bank of England keeps rates steady, officials eye wages and global risks
– theglobeandmail.com
Left Bank Rate at 0.5 per cent, where it has been since the depths of the financial crisis more than six years ago
A lack of legislation makes it hard for most people to find their assets in credit union accounts, trust funds and unpaid wages, a CBC News investigation finds.
Coty buying 43 beauty brands from Procter & Gamble, including Miss Clairol, Max Factor
– canadianbusiness.com
NEW YORK, N.Y. – Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor.
P&G said Thursday that it puts the deal’s value at about $15 billion. That includes stock valued at about $13.1 billion and $1.9 billion in debt, but the debt could range between $1.9 billion and $3.9 billion.
The deal includes P&G’s global salon professional hair care and colour, retail hair colour, cosmetics and fine fragrance businesses, and certain hair styling brands. Other brands included in the transaction are Sebastian Professional, Sassoon Professional, Natural Instincts and Nice & Easy.
Reports circulated last month that Coty might buy several brands from consumer products maker P&G, which announced in August that it was looking to shed many of its brands.
Coty sells fragrances, cosmetics and skin and body care products under brand names including Calvin Klein, Marc Jacobs, OPI and Sally Hansen. The New York company said that the transaction will boost its product offerings and expand its global reach, particularly in markets like Brazil and Japan…
P&G said Thursday that it puts the deal’s value at about $15 billion. That includes stock valued at about $13.1 billion and $1.9 billion in debt, but the debt could range between $1.9 billion and $3.9 billion.
The deal includes P&G’s global salon professional hair care and colour, retail hair colour, cosmetics and fine fragrance businesses, and certain hair styling brands. Other brands included in the transaction are Sebastian Professional, Sassoon Professional, Natural Instincts and Nice & Easy.
Reports circulated last month that Coty might buy several brands from consumer products maker P&G, which announced in August that it was looking to shed many of its brands.
Coty sells fragrances, cosmetics and skin and body care products under brand names including Calvin Klein, Marc Jacobs, OPI and Sally Hansen. The New York company said that the transaction will boost its product offerings and expand its global reach, particularly in markets like Brazil and Japan…
