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Financial Post (Canada) 02/24/2020 14:13
DAMMAM — Saudi Aramco expects the coronavirus impact on oil demand to be short-lived and for consumption to rise in the second half of the year, Chief Executive Amin Nasser told Reuters on Monday. Oil prices have fallen this year as the rapid spread of the coronavirus in China, the world’s largest energy consumer, has […]
Financial Post (Canada) 02/24/2020 02:27
(Bloomberg) — Pressure is mounting on protesters at blockades that have slowed Canada’s rail network as provincial governments indicate they’re ready for the police to get involved. Ontario police and Canadian National Railway Co. gave Mohawks, who have set up a blockade in Tyendinaga, Ontario, until midnight on Sunday to clear the barricades, according to […]
Financial Post (Canada) 02/24/2020 02:06
SYDNEY — Australia’s prudential regulator said on Monday it was looking to better understand the financial risks of climate change and would begin undertaking deeper assessments of the industry’s vulnerabilities to improve resilience. The Australian Prudential Regulation Authority (APRA) will develop industry guidance to help provide better clarity on regulatory expectations on climate-related financial risks, […]
Financial Post (Canada) 02/24/2020 00:16
SYDNEY — Australia’s prudential regulator said on Monday it was seeking to estimate the financial impact from a changing climate on the country’s largest financial institutions by conducting so-called “vulnerability assessments.” The assessment will be designed this year and executed in 2021, starting with banks, the Australian Prudential Regulation Authority (APRA) said. Other industries such […]
Financial Post (Canada) 02/24/2020 00:14
Technology licensing firm Xperi Corp said on Sunday it received an unsolicited, non-binding buyout proposal from Metis Ventures LLC for $1.16 billion in cash, months after announcing that it would merge with set-top box maker TiVo Corp. The Delaware-based company has offered $23.30 per share, which represents a premium of about 20% to Xperi’s last [...]
Financial Post (Canada) 02/23/2020 23:48
SHANGHAI/HONG KONG — Chinese stocks fell on Monday as coronavirus infections and deaths spiked beyond mainland China, offsetting assurances from Beijing that it would step up policy adjustments to help cushion the blow to its epidemic-hit economy. ** At the midday break, the Shanghai Composite index edged down 0.3% to 3,029.22 points, while the blue-chip […]
Financial Post (Canada) 02/23/2020 23:35
SINGAPORE — Chicago wheat futures slid for a fourth consecutive session on Monday while soybeans eased as fears over the rapid spread of the coronavirus outbreak beyond China dragged down commodities and shares. Corn extended losses into a fourth session, hitting its lowest since mid-December. “The Covid-19 virus remains the focus of the wider world. […]
Financial Post (Canada) 02/23/2020 22:29
BEIJING — China has allocated 99.5 billion yuan ($14.16 billion) in funds for curbing the coronavirus outbreak that has spread throughout the country, Assistant Finance Minister Ou Wenhan said on Monday. Ou made the remarks during a press briefing in Beijing. ($1 = 7.0255 Chinese yuan renminbi) (Reporting by Gabriel Crossley; writing by Se Young […]

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