The Bank of England has kept rates at a record low of 0.5% for the 83rd month in a row. Homeowners and others with a lot of debt will be rejoicing at the unanimous 9-0 decision by the BoE’s rate setting panel — the Monetary Policy Committee — to keep rates low. This is because […]
A Canadian Crown corporation paid out a travel claim to the chair of its board based on a false receipt, and approved two taxpayer-funded trips to international conferences that overlapped with his private business interests, CBC News has learned. read more >>> Source : CBC.Ca
I was recently asked if I had any financial advice for 20-somethings. As I wrote out my thoughts, and reflected back on 10 years helping newlyweds make their wedding and honeymoon dreams come true without blowing their budget, I realized that a few smart money moves in one’s twenties can be hugely impactful on future […]
The CEO of Canada’s biggest oilsands player says about 1,700 jobs were shed over the past year or so — far surpassing its original target. read more >>> Source : CTVNews.Ca
MEAGUI, Ivory Coast, Feb 4 (Reuters) – The quality of cocoa in top grower Ivory Coast’s main crop has already fallen to levels normally seen later in the year as poor weather takes its toll, raising fears for the April-to-September mid-crop, exporters and farmers said on Thursday. read more >>> Source : Reuters
Morgan Stanley has downgraded its outlook for oil prices, expecting the supply and demand imbalance to continue for another two years. read more >>> Source : CNBC.Com
A court hearing into whether Navinder Sarao, the so-called “flash crash” day trader, can be extradited to the US has begun. read more >>> Source : BBC
The market doesn’t think the Fed will raise rates until 2017. After the Federal Reserve raised interest rates in December for the first time in nine years the big question was: “When’s the next one?” The most aggressive forecasts for the Fed in 2016 called for four rate hikes, which most assumed would occur in […]
WASHINGTON, Feb 4 (Reuters) – International Monetary Fund Managing Director Christine Lagarde said on Thursday that low oil and commodities prices would continue for some time, and the Fund will… read more >>> Source : Reuters
Former Turing Pharmaceuticals Chief Executive Officer Martin Shkreli invoked his Fifth Amendment right against self-incrimination and declined to answer questions on Thursday from U.S. lawmakers interested in why the company raised the price of a lifesaving medicine by 5,000 per cent. read more >>> Source : CBC.Ca
“I’m seeing a huge momentum for our company which we believe will continue in 2016”, Daimler’s chairman said. read more >>> Source : CNBC.Com
China’s yuan will chip away at the US dollar’s dominance over the next decade but is unlikely to supplant it as the world’s top currency. read more >>> Source : EconomicTimes.IndiaTimes.Com
Pharmaceutical chief Martin Shkreli has arrived at a hearing where U.S. lawmakers want to hear from about severe hikes for a drug sold by a company that he acquired. read more >>> Source : CTVNews.Ca
Image source: photodune Admit it. We’ve all invested hours into crafting the perfect catchy title and compelling hook for a blog post on a trending topic and thought, “This is it! I’m finally going viral! Internet, here I come!” The inevitable result: our content gets a handful of shares and retweets only to slowly fade […]
Oil-dependent Saudi Arabia and Russia are getting more desperate, oil expert Daniel Yergin tells CNBC. read more >>> Source : CNBC.Com
* Canadian dollar at C$1.3680 or 73.10 U.S. cents * Currency touches its strongest since Dec. 11 at C$1.3640 * Bond prices higher across the maturity curve TORONTO, Feb 4 (Reuters) – The Canadian… read more >>> Source : Reuters
Feb 4 (Reuters) – Online food order and delivery company GrubHub Inc reported better-than-expected quarterly revenue as more diners used its services to order meals. read more >>> Source : Reuters
Of the 50 richest people in the world, most built their wealth up from nothing, creating some of the most powerful companies out there — including Amazon, Berkshire Hathaway, Nike, and Google — along the way. The 25 richest self-made billionaires on earth have accrued more than $850 billion combined, each with a personal net […]
Like it or not you can’t ignore it – Facebook is 12 years old. In that time it has grown to become a dominant force on the internet, the largest… read more >>> Source : EuroNews.Com
The interim CEO of Valeant, Howard Schiller, will testify before Congress on Thursday, and his written statement is already out in the internet ether. It’s long, but there are three main points. We hired consultants, and they’re the ones who told us to increase prices. Price increases don’t impact patients as much as hospitals because […]
Every year I have a digital free holiday. Let me explain what I mean. A few years ago I turned off my phone and travelled around Myanmar (Burma) for three weeks. There was no point in taking my phone with me as there is very little phone or wifi access. Scary, yet liberating at the […]
The Canadian dollar was trading above 73 cents US this morning for the first time since December. read more >>> Source : CBC.Ca
The US dollar suffered its worst losses in seven years on Wednesday, as oil prices rebounded more than 5% and equities stabilized in North America. This most recent course-correction was the result of news that Russian leaders had agreed to meet with OPEC to discuss cutting output to stabilize per barrel prices. The EUR/USD rate […]
DUBAI, Feb 4 (Reuters) – Saudi Arabian Airlines (Saudia), said a bomb scare that grounded its Riyadh-bound flight from Madrid on Thursday was a false alarm. read more >>> Source : Reuters
Daimler says it expects slower sales growth for its Mercedes cars in China this year. That follows a surge in demand which helped the German… read more >>> Source : EuroNews.Com
Snapping its three-day losing run, the rupee today jumped 52 paise to log its biggest single day gain this year. read more >>> Source : EconomicTimes.IndiaTimes.Com
A change of direction for Credit Suisse has meant big write-offs and a share price slump on Thursday. At one stage the share were down 13 percent.… read more >>> Source : EuroNews.Com
* Dollar down for second day after rate rise expectations collapse read more >>> Source : Reuters
ConocoPhillips is clearly under the strain of low oil prices. The world’s largest independent oil and gas driller reported a fourth-quarter earnings loss on Thursday morning, as well as a dividend cut. The company lowered its quarterly dividend to $0.25 from $0.74, and posted an adjusted earnings-per-share (EPS) loss of $0.65 for Q4. It also […]
You have reached the 100-day mark in your new job. You put a plan in place, leveraged your Fuzzy Front End to learn quickly, refined your plan, and developed solid relationships with all of your key stakeholders. You engaged the culture and made a strong early impression by delivering a clear message to your new […]
In today’s Forex Forecast, an outlook was provided for USD/JPY, EUR/USD and GBP/USD by Richard Perry, Market Analyst for Hantec Markets, when he joined Zak Mir and Bill Hubard on the Tip TV Finance Show. Topics Covered: EUR/USD, GBP/USD, USD/JPY read more >>> Source : ForexCrunch.Com
The parent of Bell Canada, CTV and related businesses has recorded $120 million of severance-related expenses in the fourth quarter. read more >>> Source : CTVNews.Ca
Europe’s top economic authorities warned Thursday of the dangers to the region from the slowdown in China, weak inflation and heightened geopolitical uncertainties. Mario Draghi, the head of the European Central Bank, said it was imperative that policymakers act swiftly to deal with low inflation, while the European Union downgraded its growth forecast for the […]
Former Governor of the Bank of England Lord King joins the board of directors at Premier League strugglers Aston Villa. read more >>> Source : BBC
MOSCOW, Feb 4 (Reuters) – Russia will spare no effort to ensure that a pause in the Syria peace talks held in Geneva is as short as possible, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday. read more >>> Source : Reuters
* Sterling slips against euro as rate hike not seen soon (Adds market reaction, economist comment) read more >>> Source : Reuters
ConocoPhillips on Thursday reported a loss that was larger than analysts’ has expected and cut its quarterly dividend. read more >>> Source : CNBC.Com
The Bank of England cuts its forecast for economic growth this year from 2.5% to 2.2%. read more >>> Source : BBC
HOUSE prices in Britain have surged to another jaw-dropping record high after leaping almost 10 per cent in the year to January, data shows. read more >>> Source : The Daily Express
A unanimous vote in the MPC: all 9 members voted against a change in rates. The one member that voted for a hike in the past changed his mind and aligned with the majority.The Bank of England lowered forecasts. The growth forecast is now 2.2% instead of 2.5%. They blame the global economy, which is […]
By Adam Jourdan SHANGHAI (Reuters) – Yum Brands Inc , the home of KFC and Pizza Hut, is falling behind rival McDonald’s Corp as the pair battle to revive flagging sales in China – a headache for Yum as it looks to spin off operations in its biggest market. A Reuters analysis of same-store sales […]
Authorities in China are proclaiming a healthy job market, with the nation’s official unemployment rate last year standing at 4.2 percent. But some analysts are questioning the official unemployment statistics, arguing that the slowdown of the world’s second-largest economy has already, and will continue to, put pressure on its lopsided job market over the next […]
ISLAMABAD, Feb 4 (Reuters) – Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. read more >>> Source : Reuters
Energy industry regulator Ofgem is to examine a claim that charity Age UK has been promoting unfavourable gas and electricity deals in return for cash. read more >>> Source : BBC
How do Canada’s high-speed mobile networks compare to the rest of the world in terms of speed and coverage? A new report on LTE in 69 different countries provides some insights. read more >>> Source : CBC.Ca