Posts Tagged ‘country’
As Ottawa moves to crack down on foreign tax cheats, others warn unliateral action could cause ‘chaos’
OTTAWA — As the federal government attempts to widen its net on foreign tax cheats, it faces pushback from inside and outside Canada over concerns that efforts to capture more revenue could cause greater harm than good — especially to direct investment in Canada. Even critics in Canada’s biggest trading partner are urging Ottawa not to take unilateral action against so-called “treaty shopping” by out-of-country companies and individuals
The ruble has taken a big hit as political tensions escalate over the fate of Ukraine and the Russian economy falters.
China’s central bank engineered the recent decline in the country’s currency to shake out speculators as it prepares to allow a wider trading range for the tightly tethered yuan, according to people familiar with the central bank’s thinking. In the past week, the People’s Bank of China has been g…
KIEV, Feb 27 (Reuters) – Ukraine’s hryvnia fell to a new record low against the dollar on Thursday as investors kept far away from a country in turmoil with a central bank stymied by dwindling…
U.S. sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising interest rates
The latest bank earnings season isn’t over yet but already one thing is clear: Concerns about slowing demand for consumer credit have been way overblown. Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported results ahead of analyst estimates on Thursday, both helped by strong performance from their domestic retail operations.
Supermarket confirms talks over possible restructuring in Turkey after poor trading Tesco has confirmed it is in talks with several companies over a possible restructuring of its struggling business in Turkey. Britain’s biggest retailer has been in Turkey since 2003 but has suffered poor trading from its 191 stores recently, with underlying sales at Tesco Kipa falling 10.7% in its second quarter to the end of August.
China’s government will continue with its official policy stance and aims to keep growth within a reasonable range this year, the country’s top governing body the Politburo said on Monday.
Kenya will soon open its first licensed donkey slaughterhouse – an abattoir that is expected to provide an economic boom to the lakeside village of Maraigushu in Naivasha, just northwest of Nairobi, and feed the growing demand of Chinese consumers who feast on the meat. According to the Kenya Standard newspaper, Kenya will be opening the slaughterhouse in early March after seeing huge demand coming from China, one of the country’s larges
The rate of increase in China’s new home prices eased in January, pointing to more stabilization in the country’s property market.