Turkish central bank chief Hafize Gaye Erkan was a Western investor darling (AFP / Adem Altan) ISTANBUL, Turkey — President Recep Tayyip Erdogan on Friday picked a former senior economist at the US online retail giant Amazon as the new head of Turkey’s central bank. Fatih Karahan’s appointment follows the …
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US aid agency, PH start talks on strengthening governance
GRANT. Millennium Challenge Corporation Chief Executive Officer Alice Albright holds a press briefing at Fairmont Hotel in Makati City on Friday (Feb. 2, 2024). The Philippines is a partner of MCC under the threshold program. (PNA photo by Kris M. Crismundo) MANILA – The United States’ foreign assistance agency Millennium Challenge Corporation (MCC) …
Read More »Local shares exceed 6,700, peso back to 55-level
MANILA – The Philippine Stock Exchange index (PSEi) rebounded on Friday reaching the 6,700-mark, while the local currency returned to 55-level. The PSEi closed this week’s trading higher by 84.24 points at 6,707.25, with All Shares also going up by 30.79 points at 3,516.82. All sectoral indices ended on the positive …
Read More »CIAC prioritizes 7 infra projects for Clark aviation complex
Towards its goal of becoming a premiere multi-use airport and destination for businesses, tourists, and locals, the Clark International Airport Corporation (CIAC) has mapped out seven flagship projects to be implemented within the Clark aviation complex. In a press conference for the Singapore Airshow on Feb. 2, CIAC President and …
Read More »Real estate receiverships on the rise in Canada as projects stall
While often thought of as a last resort, real estate companies are seeing an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble. Multiple condo projects are being pushed into receivership in Vancouver and Toronto. From one of Canada’s tallest condo …
Read More »Business insolvencies shot up by more than 41% last year, as pandemic debts mount
Business insolvencies jumped by more than 41 per cent last year, according to data released Friday by Canada’s top financial regulator for bankruptcies. Total number of insolvencies up by 23% in 2023. Business insolvencies jumped by more than 41 per cent in 2023,according to data released Friday by Canada’s top …
Read More »Hike to U.S. softwood lumber duties ‘entirely unwarranted,’ trade minister says
The federal government is lashing out at the U.S. Commerce Department over plans to raise duties on Canadian softwood lumber. Mary Ng says Canada will fight duties by every means available, as U.S. plans raise from 8.05% to 13.86%. The federal government has lashed out at the U.S. Commerce Department …
Read More »Commercials may be here to stay on streamers like Amazon unless you open your wallet
Ad-free entertainment used to be one of the big selling points of streaming services, but as more services add commercials, experts say the glory days of advertisement-free video content are gone unless you spend enough money to make up for the loss in potential revenue. Profit margins and revenues for …
Read More »High interest rates aren’t to blame for housing crisis, Bank of Canada governor says
Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Housing tightness continues to hold inflation up, Tiff Macklem tells finance committee. Bank of Canada governor Tiff Macklem says the central bank can’t solve …
Read More »Canada’s Greener Homes program is ending. Thousands of layoffs could follow
As the federal government’s popular Canada Greener Homes grant program comes to a close, the energy audit industry could crumble with businesses across the country warning of mass layoffs in the months ahead. Energy assessors worry business will halt after popular federal home efficiency program ends. As the federal government’s …
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