Canadian town says ‘no’ to Enbridge pipeline in vote
KITIMAT, British Columbia (Reuters) – Residents of the British Columbia town of Kitimat voted against the Northern Gateway pipeline project in a blow to Enbridge Inc’s efforts to expedite the flow of crude from Canada’s landlocked oil sands to high-pay…
‘Great Stretch’ to secure Greek debt return
Two years ago, Greece’s debt crisis almost brought the euro zone crashing down.
Reforms to IMF hit serious deadlock: G20 official
WASHINGTON (Reuters) – Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end, a G20 officia…
Tensions over money flows bode poorly for global economy
WASHINGTON (Reuters) – For a bunch of people who just agreed the global economy is doing better, top officials from the world’s rich and poor nations sound rather worried.
Sharp eyes another share offering, could raise $2 billion: media
TOKYO (Reuters) – Sharp Corp, Japan’s largest display maker, is considering another issue of new shares that could raise around 200 billion yen ($1.97 billion) to replenish its depleted capital base, the Asahi newspaper reported on Sunday.
Australia says progress towards G20 growth target “unacceptable”
PERTH, Australia, April 13 – Slow progress towards meeting economic growth targets set by the Group of 20 bloc of advanced and developing nations this year is “unacceptable”, Australian Treasurer Joe Hockey said on Sunday.
Beijing rejects IMF’s hard-landing warning for China’s economy
WASHINGTON (Reuters) – A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China’s economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financ…
Beijing rejects IMF’s hard-landing warning for China’s economy
WASHINGTON (Reuters) – A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China’s economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financ…
Draghi says a stronger euro would trigger looser ECB policy
WASHINGTON (Reuters) – The European Central Bank will ease monetary policy further if the euro keeps strengthening, President Mario Draghi said on Saturday as world finance chiefs ramped up pressure on Europe to ward off deflation.
Fed’s Kocherlakota touts tax cuts for business spending
(Reuters) – Cutting taxes on business investment is an effective form of economic stimulus that could go a long way toward mending the damage from the financial crisis and Great Recession, a top Federal Reserve official said on Saturday.
