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Financial Post (Canada) 01/18/2020 23:32
(Bloomberg) — The European Central Bank and Bank of Japan are among Group of Seven institutions leading the charge this week with their first interest-rate meetings of 2020, each of which may set the tone for the year ahead. Newly appointed ECB President Christine Lagarde will inaugurate a once-in-a-generation review of monetary policy strategy where […]
Financial Post (Canada) 01/18/2020 23:10
DHAKA — Bangladesh will increase its wheat purchases from Ukraine if Russian grain becomes unavailable because of new export curbs being considered by Moscow, Bangladesh’s agriculture minister Abdur Razzak said on Thursday. Russia, the world’s largest wheat exporter, said on Tuesday it was looking to set a non-tariff quota for grain exports of 20 million […]
Financial Post (Canada) 01/18/2020 05:58
Iran’s supreme leader threw his support behind the elite Revolutionary Guards in a rare sermon on Friday after their belated admission that they had accidentally downed an airliner triggered days of street protests. US-CHINA-HEALTH-PNEUMONIA/ China reports new virus cases, raising concern globally before key holiday China reported four more cases of pneumonia believed to be […]
Financial Post (Canada) 01/17/2020 02:57
SINGAPORE/TOKYO — Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand which countered optimism from the signing of a Sino-U.S. trade deal this week. The world’s second-largest economy grew by 6.1% in 2019, its slowest expansion in 29 years, government […]
Financial Post (Canada) 01/17/2020 02:21
TOKYO — Mitsubishi UFJ Financial Group Inc (MUFG), Japan’s biggest lender by assets, said on Friday that Hironori Kamezawa, currently deputy president, would become chief executive from April. Outgoing CEO Kanetsugu Mike will become the group’s deputy chairman but will remain as a head of MUFG Bank, it said in a statement. MUFG, which owns […]
Financial Post (Canada) 01/17/2020 02:14
SINGAPORE — London copper prices edged up on Friday after two sessions of losses, lifted by better-than-expected data from China – the world’s biggest consumer of the malleable metal. China on Friday announced a slew of economic data for 2019, including gross domestic product, industrial production and fixed-asset investments, which are closely tracked by industrial […]
Financial Post (Canada) 01/17/2020 01:23
HONG KONG/BEIJING — Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. The deal would mark Volkswagen’s first direct ownership in a Chinese battery maker and comes […]

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