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Financial Post (Canada) 10/20/2019 10:41
WASHINGTON — Bank of Japan Governor Haruhiko Kuroda said on Sunday a mix of monetary easing, flexible fiscal spending and structural reforms to raise the country’s long-term growth potential could be effective in stimulating the economy. Kuroda also said BOJ will take steps to reduce the cost of prolonged monetary easing. “Financial system stability should […]
Financial Post (Canada) 10/20/2019 10:12
WASHINGTON — Brazil’s Central Bank President Roberto Campos Neto said on Sunday his message is “starting to stick” with investors and he expects an increase in capital flows to Latin America’s largest economy. Campos Neto, speaking at the International Banking Seminar in Washington, said investors are “understanding where we are going” with the economy and […]
Financial Post (Canada) 10/20/2019 09:02
SYDNEY — Australia’s biggest newspapers were expected to run front pages on Monday made up to appear heavily redacted to protest against recent legislation that restricts press freedoms, a rare show of unity by the usually tribal media industry. Mastheads from the domestic unit of Rupert Murdoch’s News Corp, Australian Financial Review publisher Nine Entertainment […]
Financial Post (Canada) 10/20/2019 07:23
Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion deal approved by a British court last month. The agreement includes the payment of $300 million to settle outstanding tax and other disputes, the lifting of a […]
Financial Post (Canada) 10/20/2019 03:11
FRANKFURT — German flight attendants’ union UFO on Sunday said it would stage an all-day strike at smaller German divisions of airline group Lufthansa in an escalating row over workers’ pay and pensions. The walkout at Lufthansa brands Germanwings, Eurowings, Lufthansa City Line and Sunexpress had initially been scheduled for 0300-0900 GMT but the union […]
Financial Post (Canada) 10/19/2019 20:50
MELBOURNE — Australia’s flag carrier Qantas completed on Sunday a nonstop test flight from New York to Sydney, researching how the world’s longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers. Carrying 50 passengers and crew on board, Qantas Flight 7879 on a new Boeing 787-9 Dreamliner touched down […]
Financial Post (Canada) 10/18/2019 23:45
The United States is considering extending Chevron Corp’s waiver to operate in Venezuela with more limitations by granting the company a 90-day sanctions reprieve, Bloomberg reported late on Friday, citing people familiar with the matter. The company’s future in Venezuela now depends on U.S. President Donald Trump, who must decide by Oct. 25 whether […]
Financial Post (Canada) 10/18/2019 19:51
QUITO — Ecuadorean President Lenin Moreno on Friday proposed a new tax on corporations and a simplification of the tax system to improve government finances after a plan to eliminate fuel subsidies was met with violent demonstrations. Indigenous protesters led almost two weeks of demonstrations after Moreno announced he would eliminate decades-old subsidies on diesel […]
Financial Post (Canada) 10/18/2019 19:45
WASHINGTON — Bank of Japan Governor Haruhiko Kuroda said on Friday there was no talk among Group of 20 finance leaders on the possibility of central banks issuing digital currencies, as part of efforts to enhance cross-border settlement services. “There’s a need to make cross-border payments and settlement more efficient. But for now, it’s only […]
Financial Post (Canada) 10/18/2019 18:13
WASHINGTON — The International Monetary Fund on Friday said it is awaiting the Ecuadorian government’s next move regarding fuel subsidies to continue the revision of its lending program for the South American country. On Monday, after days of violent protests and in a major win for Ecuador’s indigenous peoples, President Lenin Moreno abandoned an IMF-backed […]

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