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Financial markets tumble on worries over US rate hike timing
Monday has been a rough day for the world’s financial markets amid fears that the US central bank – the Federal Reserve – could raise interest rates again as early as next week when policymakers meet on September 20/21. Share price...
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Linamar deal for Montupet
Autoparts maker’s CEO Linda Hasenfratz explains why Linamar is making a global push
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Ride-hailing firm Uber reportedly records record loss
Ride-hailing giant Uber lost more than 1.1 billion euros in the first half of this year, according to reports. It is being put down to subsidies given to drivers, sources suggest. Uber, now valued at roughly 61 billion euros, lost almost...
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Canada's economy shrinks in 2nd quarter
Alberta wildfires caused considerable disruption to GDP, Statistics Canada reports
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Samsung shares rise despite massive Note 7 smartphone recall
Investors apparently do not see lasting damage to Samsung Electronics from the recall of 2.5 million of its Note 7 smartphones in 10 countries after the batteries in some caught fire or exploded. Its shares fell when the recall was...
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Rogue UBS trader Kweku Adoboli warns his crimes ‘could happen again’
A former rogue trader with the Swiss bank UBS has said his crimes could be repeated as those working in the banking industry still faced the same pressure to make profits “no matter what”. Kweku Adoboli, who served nearly four years in...
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Shares rise, pound drops on UK stimulus measures
Not surprisingly, UK finance minister Philip Hammond welcomed the stimulus measures announced by the Bank of England. He has been told by Bank Governor Mark Carney that the British government also needs to do more to help the economy get...
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Unilever and Roche results better than expected
Consumer goods giant Unilever has reported better then expected sales between April and June. Despite economic volatility in major markets, Unilever reported underlying sales growth of 4.7 percent in its second quarter, excluding the...
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Turkish president dismisses S&P ratings cut
Ratings agency S&P has cut Turkey’s credit rating. It cited rising political uncertainty after the failed coup attempt and government declaring a state of emergency and warned the economy could be undermined and international investors...
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ECB’s Draghi promises more eurozone stimulus if needed because of Brexit
The head of the European Central Bank says the eurozone economy could be given a further dose of stimulus if Britain’s vote to leave the European Union starts to have a negative impact. After the Bank’s latest policy meeting, Mario...
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Global stocks surge as Brexit fears wain
The pound has bounced back against the dollar after recent polls from the UK suggest that the campaign to remain in the EU is on a roll. The Dow Jones rose as did S&P futures and the NASDAQ. Asia stocks gain as Brexit fears ebb slightly,...
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Markets use the bookmakers to gauge Brexit sentiment
As last few hours tick down before Britain’s EU referendum the directors of 51 FTSE 100 companies have signed a letter in support of Britain remaining in the European Union. The ‘Remain’ camp said the letter, addressed to ‘The Times’,...
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Markets show faith in a UK remain vote
The pound hit a high for 2016 as global stocks rallied and the markets followed the bookies and backed Britain to remain in the EU. Sterling, super sensitive to the ins and outs of the referendum campaign, was up 0.7 percent at $1.48...
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Bank of England and ECB take measures to reassure markets
The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets. He delivered a statement designed to reassure markets: “We are well prepared for this. The Treasury and...
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Europe’s markets shudder as UK leaves EU
European markets hit the skids after the Brexit vote by tumbling 7 percent. Stock market #Frankfurt pic.twitter.com/TeKp8iPH4I— Silke (@Skippy9474) June 19, 2014 The result initiated a dramatic slide in stocks and wiped off around 650...
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British finance minister breaks Brexit silence and markets shrug
British Finance Minister George Osborne looked nervous and less assured on Monday morning when he broke his post-Brexit silence to calm the markets. On Friday, the pound’s worse day in modern history, he was nowhere to be heard, nor...
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City and pound slide as Osborne fails to slay Brexit dragon
So much for the British finance minister’s calming words. George Osborne broke his post- Brexit silence on Monday to assure the markets that Britain was ready for the challenges ahead and was in good shape to overcome them. This was...
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Shares and the pound rebound somewhat from Brexit sell off
There was a bit of a bounce back for share prices in London on Tuesday after the hammering they have taken since Friday. UK banks and travel companies were among the best performers having been some of the hardest hit by Britain’s shock...
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Japan’s Abe speaks on Brexit concerns
Japanese Prime Minister Shinzo Abe has addressed the effects of the Brexit vote on his country, pledging to use all available policy tools to help its economy grow. Abe has held two meetings with top policymakers from Japan’s central...
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British, US and European bond yields tumble on the prospect of lower interest rates
The amount of interest Britain is having to offer to investors in its government bonds has fallen to a record low. That is because the financial markets believe central banks will now have to cut interest rates and print money to buy...
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At the CPPIB helm
Mark Machin, president and CEO, Canadian Pension Plan Investment Board, on building a resilient fund
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Wealthfront's 'Path' to Financial Success
Andy Rachleff, co-founder and CEO of Wealthfront, discusses the company's new app features that seeks to help millennials save for their first home.
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Wealthfront's "Path" to Financial Success
Andy Rachleff, co-founder and CEO of Wealthfront, discusses the company's new app features that seeks to help millennials save for their first home.