Central banks need to 'keep up' with markets says Mark Carney … The Bank of England, Mark Carney said on Thursday night, is open for business. The governor's message to the City was clear. The days when the Old Lady preached the perils of "moral hazard" without due regard to financial pressures are well and truly over. – Financial TimesDominant Social Theme: Mark...Read More
Small-Caps Double Dow in Signal Economy Gaining Speed … The smallest stocks are rallying almost twice as fast as bigger companies in the U.S., a bullish economic signal from businesses whose profits are most dependent on domestic demand. Shares of companies from Rite Aid Corp. to Teledyne Technologies Inc. in the Russell 2000 Index (RTY) have advanced 32 percent in 2013, compared with 19 per...Read More
Central banks need to 'keep up' with markets says Mark Carney … The Bank of England, Mark Carney said on Thursday night, is open for business. The governor's message to the City was clear. The days when the Old Lady preached the perils of "moral hazard" without due regard to financial pressures are well and truly over. – Financial TimesDominant Social Theme: Mark...Read More
Small-Caps Double Dow in Signal Economy Gaining Speed … The smallest stocks are rallying almost twice as fast as bigger companies in the U.S., a bullish economic signal from businesses whose profits are most dependent on domestic demand. Shares of companies from Rite Aid Corp. to Teledyne Technologies Inc. in the Russell 2000 Index (RTY) have advanced 32 percent in 2013, compared with 19 per...Read More
The MoneyLetter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846With financial markets focused on recent events in Washington - specifically the federal government slowdown and looming debt ceiling - investors have once again been left feeling paralyzed.But beyond those choppy waters, things are decidedly more positive, which is a good news story on both sides of th...Read More
World's anger at Obama policies goes beyond Europe and the NSA … Whether miffed over spying revelations or feeling sold out by U.S. moves in the Middle East, some of the United States' closest allies are so upset that the Obama administration has gone into damage-control mode to ensure the rifts don't widen and threaten critical partnerships. The quarrels differ in their causes a...Read More
EU Apathy: Leaders Fail to Make Progress at Summit … This week's European Council summit was sidelined by new accusations of US spying in Europe. But despite the distraction, it's clear EU leaders have deferred plans for greater integration, and lack the political will to address pressing concerns like migration. Ahead of talks in Brussels this week, European Union leaders said they...Read More
World's anger at Obama policies goes beyond Europe and the NSA … Whether miffed over spying revelations or feeling sold out by U.S. moves in the Middle East, some of the United States' closest allies are so upset that the Obama administration has gone into damage-control mode to ensure the rifts don't widen and threaten critical partnerships. The quarrels differ in their causes a...Read More
EU Apathy: Leaders Fail to Make Progress at Summit … This week's European Council summit was sidelined by new accusations of US spying in Europe. But despite the distraction, it's clear EU leaders have deferred plans for greater integration, and lack the political will to address pressing concerns like migration. Ahead of talks in Brussels this week, European Union leaders said they...Read More
Most Americans accumulating debt faster than they're saving for retirement … A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation's troubled system for old-age saving, a new report has found. Three in five workers with defined contribution accounts are "debt savers,...Read More
Central Banks Drop Tightening Talk as Easy Money Enters 2014 … Bank of England Governor Mark Carney talks about changes to the central bank's money-market operations aimed at widening access and cutting the cost of liquidity insurance to the financial system … Bank of England Governor Mark Carney speaks about the U.K. economy and the central bank's policies … The Bank of...Read More
Most Americans accumulating debt faster than they're saving for retirement … A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation's troubled system for old-age saving, a new report has found. Three in five workers with defined contribution accounts are "debt savers,...Read More
Central Banks Drop Tightening Talk as Easy Money Enters 2014 … Bank of England Governor Mark Carney talks about changes to the central bank's money-market operations aimed at widening access and cutting the cost of liquidity insurance to the financial system … Bank of England Governor Mark Carney speaks about the U.K. economy and the central bank's policies … The Bank of...Read More
Money Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846We sometimes don't fully appreciate all the hard work that is done on our behalf On page four of this Guide, we note that Pembina Pipeline Corporation (TSX:PPL) inked a $115 million deal in September despite having made a $110 million expansion decision the month before .This kind of hard work is pleasin...Read More
The Investment Reporter, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846Key stock Finning International generated higher earnings and cash flow on slightly lower revenue in the first half of 2013. Even higher excess cash flow in the second half should enable it to repay debt and cuts its financing costs. Finning remains a buy.We regularly review Key stock Finning In...Read More
FACEBOOK'S ZUCKERBERG PAID RECORD $2.2 BILLION … Facebook chief Mark Zuckerberg set a new record for corporate compensation in 2012 with a package worth more than $2.278 billion, according to a survey by a corporate governance firm. The report by GMI Ratings showed Zuckerberg's salary of $503,000 and bonus of $266,000 were eclipsed by stock options worth some $2.27 billion. This was...Read More
Global climate investment flatlines …The world invested almost a billion dollars a day in limiting global warming last year, but the total figure – $359 billion – was slightly down on last year, and barely half the $700 billion per year that the World Economic Forum has said is needed to tackle climate change. These are the findings spelled out in the latest Climate Policy Initia...Read More
FACEBOOK'S ZUCKERBERG PAID RECORD $2.2 BILLION … Facebook chief Mark Zuckerberg set a new record for corporate compensation in 2012 with a package worth more than $2.278 billion, according to a survey by a corporate governance firm. The report by GMI Ratings showed Zuckerberg's salary of $503,000 and bonus of $266,000 were eclipsed by stock options worth some $2.27 billion. This was...Read More
Global climate investment flatlines …The world invested almost a billion dollars a day in limiting global warming last year, but the total figure – $359 billion – was slightly down on last year, and barely half the $700 billion per year that the World Economic Forum has said is needed to tackle climate change. These are the findings spelled out in the latest Climate Policy Initia...Read More
FARC rebels have yet again bombed Colombia's largest coal producer Cerrejon, derailing a train Tuesday evening.There were no injuries and exports will not be immediately affected, Cerrejon noted in a news release.This is FARC's second Cerrejon bombing in ten days. Rail service had just been restored after an October 13 attack and is now down again."An explosive device was detonated near the kilome...Read More